REC gets RBI’s nod to set up subsidiary in Gujarat’s GIFT City
New Delhi, May 5 - Leading government-owned financial company REC on Sunday said it has received a nod from the Reserve Bank of India (RBI) to set up a wholly-owned subsidiary in GIFT City in Gujarat.
Cipla, Glenmark recall drugs in US due to manufacturing issues
New Delhi, May 5 - Drug makers Cipla and Glenmark are recalling their products from the US market due to manufacturing issues.
CERT-In finds multiple bugs in Google Chrome, GitLab
New Delhi, May 5 - The Indian Computer Emergency Response Team (CERT-In), which comes under the Ministry of Electronics & Information Technology, has warned users of multiple vulnerabilities in Google Chrome and GitLab (an open-core company) which could allow an attacker to obtain
$100 billion worth chips needed for India’s $300 billion electronics production goal by FY26
New Delhi, May 5 - As India aims to reach $300 billion electronics production by FY26, it will trigger demand for semiconductors worth $90-$100 billion, largely driven by domestic mobile manufacturing -- an opportunity the country must tap.
Eco-friendly cars’ sales cross 100,000 in South Korea in Q1
Seoul, May 5 - Sales of eco-friendly cars surpassed 100,000 units in the first quarter in South Korea on booming demand for hybrid vehicles, industry data showed on Sunday.
Paytm announces leadership change to double down on payments & financial services offerings
New Delhi, May 4 - The One97 Communications Limited (OCL), which owns Paytm, on Saturday announced to expand its leadership team to build a large and profitable payment and financial services distribution business.
Can AI help tablets grow like PCs & smartphones this year?
New Delhi, May 4 - As artificial intelligence (AI) begins to transform personal computing and mobile experience for millions of users globally, can the new technology also drive the slow pace of growth for tablets?
IDBI Bank registers 44 per cent jump in net profit for Jan-March quarter
Mumbai, May 4 - The IDBI Bank on Saturday reported a 44 per cent jump in standalone net profit to Rs 1,628.5 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 1,133 crore for the same period of
Over 1,000 documents wrongly issued from govt portal in S. Korea
Seoul, May 5 - In a cyber incident, more than 1,000 civil documents were wrongly issued from the government's online civil service portal called 'Government 24', leading to the leak of personal information, the interior ministry said on Sunday.
India holds talks for closer ties on critical minerals, shrimp farming with Australia
New Delhi, India has discussed the issues of pharmaceutical pricing control in generic drugs and the need for closer cooperation in critical minerals with Australia, the Union Commerce Ministry said on Saturday.
27 Indian startups secure over $340 million in funding this week
New Delhi, May 4 - From IPO-bound healthtech platform Pharmeasy to digital lending startup Kinara Capital, at least 27 startups in the country raised more than $340 million in funding this week.
South Korea welcomes US move to extend tax credits for EVs containing Chinese graphite
Seoul, May 4 - Seoul's Industry Minister Ahn Duk-geun on Saturday welcomed the US government's move to extend tax credits for electric vehicles (EV) containing Chinese graphite until the end of 2026.
‘Two-thirds of Indian companies striving for better execution of SDG goals’
New Delhi, May 4 - Two-thirds of companies in India are striving for better execution of Sustainable Development Goals (SDGs), said Atul Kumar Tiwari, Secretary of the Ministry of Skill Development and Entrepreneurship (MSDE).
Ola Krutrim opens AI Cloud infrastructure for developers, launches mobile app
Bengaluru, May 4 - Homegrown artificial intelligence (AI) company Ola Krutrim on Saturday announced to open up its cloud platform to enterprises, researchers and developers to build their own products, along with launching a mobile app.
Karma has a way of biting back: Zerodha CEO Nithin Kamath
New Delhi, May 4 - Karma has a way of biting back, said Zerodha Co-founder and CEO Nithin Kamath on Saturday.
Meta gets 27K reports via Indian grievance mechanism in March, fake FB, Insta profiles key concern
New Delhi, May 4 - As synthetic content, especially deepfakes, continues to rise, Meta received more than 27,000 reports on Facebook and Instagram via the Indian grievance mechanism in the month of March, and the fake profiles that pretended to be genuine users
Kotak Bank’s Q4 net profit rises 18 pc to Rs 4,133 crore
Mumbai, May 4 - Mid-sized private sector lender Kotak Mahindra Bank on Saturday reported an 18 per cent increase in net profit to Rs 4,133 crore for the January-March quarter of 2023-24, compared with the corresponding figure of Rs 3,496 crore in the
Govt lifts ban on onion exports with price rider
New Delhi, May 4 - The Government on Saturday lifted the ban on onion exports after about half a year, according to a notification from the Directorate General of Foreign Trade (DGFT).
Adani Ports & SEZ eyes significant expansion into the Philippines
New Delhi, May 4 - Adani Ports and Special Economic Zone (APSEZ) is planning to invest significantly in the Philippines, and is looking at Bataan for its port development plan, the Philippines government has said.
Indian tech companies begin to create global impact: SAP’s Manish Prasad
New Delhi, May 4 - The last decade has transformed the IT and technology landscape in India and some of the homegrown technology enterprises, mid-market firms and startups are now creating an impact globally as well, says Manish Prasad, President and Managing Director