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
Investment firm KKR to acquire Indian medical devices company Healthium
New Delhi, May 6 - Leading global investment firm KKR on Monday announced the signing of definitive agreements under which funds managed by KKR will acquire Indian medical devices company Healthium Medtech from an affiliate of Funds advised by the global private equity
India, Ghana agree to operationalise UPI link within 6 months
New Delhi, May 6 - India and Ghana have agreed to operationalise Unified Payment Interface (UPI) with Ghana Interbank Payment and Settlement Systems within six months in order to enable instant fund transfers for users in both countries, the Commerce Ministry said on
HCLTech partners AWS to accelerate GenAI adoption
New Delhi, May 6 Global technology company HCLTech on Monday announced a strategic partnership agreement with Amazon Web Services (AWS) to accelerate generative artificial intelligence (GenAI)-led enterprise digital transformation.
Siguler Guff invest Rs 240 crore in Hyderabad-based microfinance lender Spandana Sphoorty
Mumbai, May 6 - Private markets investment firm Siguler Guff and Company on Monday announced it has invested Rs 240 crore for an approximate 3.5 per cent ownership stake in Spandana Sphoorty Financial Ltd, a Hyderabad-based microfinance Non-Banking Financial Corporation (NBFC).
Indian economy and equity markets outperformed China over past 3 years
New Delhi, May 6 - China’s equity markets have lagged Indian equity by a long stretch, as per a report by DSP Mutual Fund.
India’s services sector clocks robust growth in April, lifts business confidence to 3-month high
New Delhi, May 6 - India's services sector continued to register robust growth in April on the back of strong domestic and foreign demand, which lifted business confidence to a three-month high, according to an HSBC survey published on Monday.
BlackSoil invests $49 million in 11 new deals in Q4
New Delhi, May 6 - Alternative credit platform BlackSoil on Monday said that it invested $49 million (Rs 391 crore) across 11 new deals and exited four portfolio companies in the fourth quarter (Q4) of FY24.
Why billionaire investor Warren Buffett needs to relook at India under PM Modi
New Delhi, May 6 - Unaware of the possibilities India now provides for global investors and big conglomerates, Warren Buffett, Chairman and CEO of global investment major Berkshire Hathaway, needs to have a fresh look at a country which is set to become