More high-level exits at Paytm, company says part of restructuring exercise
New Delhi, May 7 - Ajay Vikram Singh, Chief Business Officer (CBO) of the UPI and User Growth vertical, and Bipin Kaul, CBO, Offline Payments have stepped down from digital payments major Paytm, as senior-level exits continue at the company amid "ongoing restructuring".
Truecaller’s net sales up 8 pc in India with over 234 million daily active users
New Delhi, May 7 - Leading caller identification app Truecaller on Tuesday reported an 8 per cent increase in net sales in India in the first quarter (Q1) of the calendar year, saying that the country accounted for 74.2 per cent of the
AWS to invest additional $9 bn in Singapore to grow its cloud infrastructure
New Delhi, May 7 - Amazon Web Services (AWS) on Tuesday said it will invest an additional $9 billion in Singapore over the next five years to grow its cloud infrastructure and services in the country.
Fintech firm Lendingkart raises $10 mn for onward lending activities for MSMEs
New Delhi, May 7 - Fintech company Lendingkart, on Tuesday, said that it raised $10 million by way of external commercial borrowing from a fund managed by a leading global impact investment manager and member of the Schroders Group 'BlueOrchard'.
MediaTek unveils new flagship mobile chip in its Dimensity portfolio
New Delhi, May 7 - Chip-making giant MediaTek on Tuesday unveiled a new flagship mobile chip in its Dimensity portfolio called the 'Dimensity 9300+'.
Musk calls for fully reusable rockets & spacecraft, as Boeing scrubs Starliner
New Delhi, May 7 - SpaceX CEO Elon Musk on Tuesday called the need for fully reusable rockets & spacecraft, and not another capsule, even as rival Boeing's much-awaited Starliner yet again scrubbed its crewed mission.
S. Korea raises concerns over US inquiry on connected vehicle supply chains
Washington, May 7 - South Korea has raised its automotive industry's concerns with the US over Washington's inquiry and envisioned rules to address potential security risks from "connected vehicles" that use technology from China and other countries of concern.
Cloud security firm F5 appoints Pratik Shah as MD for India, SAARC region
New Delhi, May 7 - F5, a global leader in multi-cloud application security and delivery, on Tuesday appointed Pratik Shah as Managing Director for its operations in India and the SAARC region.
Apple working on own AI chips for data centres: Report
New Delhi, May 7 - As the race for artificial intelligence (AI) chips intensifies, Apple has joined the bandwagon and is now reportedly working on its own chips for data centres.
GST has benefited the poor, empowered the states: FM Sitharaman
New Delhi, May 6 - Finance Minister Nirmala Sitharaman said on Monday that two significant milestones have now been achieved in the larger GST architecture with the appointment of the President of the GST Appellate Tribunal (GSTAT) and gross GST collections crossing the
Indian airlines poised to capture 50% of country’s global passenger traffic: CRISL
New Delhi, May 6 - The airlines in India are poised to capture 50 per cent share of the country’s international passenger traffic by 2027-28 with a 7 per cent jump in market share from 43 per cent at present, according to a
Govt showcases India as 365-day tourist destination at Arabian Travel Mart
New Delhi, May 6 - The Ministry of Tourism is showcasing India as a 365-day tourism destination at the Arabian Travel Mart being held in Dubai from May 6-9.
Wipro, Microsoft to launch GenAI-powered assistants for financial services
New Delhi, May 6 - Leading technology services and consulting company Wipro on Monday announced that it is teaming up with Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence (GenAI).
ICICI Bank now lets NRIs use international numbers for UPI payments in India
New Delhi, May 6 - ICICI Bank on Monday announced that it has enabled NRI (Non-Resident Indian) customers to use their international mobile number to make UPI payments instantly in India.
Sanjaya Kumar Mishra takes oath as President of GST Appellate Tribunal
New Delhi, May 6 - Finance Minister Nirmala Sitharaman on Monday administered the oath of integrity and secrecy to Justice Sanjaya Kumar Mishra (Retd) as the President of the GST Appellate Tribunal (GSTAT).
Apple’s iPhone 15 Pro Max best-selling smartphone in Q1 this year: Report
New Delhi, May 6 - Apple’s iPhone 15 Pro Max was the best-selling smartphone of the first quarter (Q1) of 2024, a new report showed on Monday.
Mutual funds at all-time high, FII holding down at 11-year low
New Delhi, May 6 - While the share of mutual funds in listed companies rose to another all-time high, FII holdings declined to an 11-year low.
Govt’s electronics component manufacturing PLI to end dependency on foreign suppliers, create jobs
New Delhi, May 6 - As the government begins the exercise to create benchmarks for electronics component manufacturing, industry stakeholders on Monday said the move will contribute significantly to creating an ‘Atmanirbhar Bharat’ and building a robust supply chain to further ramp up
Marico posts 5.3 pc rise in q4 net profit, declares dividend of Rs 6.50 per share
Mumbai, May 6 - Fast moving consumer goods major Marico on Monday reported a 5.3 per cent in consolidated net profit rose to Rs 318 crore for the Jan-March quarter compared to the corresponding figure of Rs 302 crore in the same period
Education shouldn’t suffer: Anand Mahindra offers help to 10-yr-old Delhi boy selling rolls
New Delhi, May 6 - Mahindra Group Chairman Anand Mahindra on Monday came forward to help a 10-year-old Delhi boy, who was selling rolls after his father's demise, saying that the boy's education should not be affected and his foundation would explore ways