Sweden jobless rate rises to 9.2 pc, highest in nine months
Stockholm, April 24 - The Swedish unemployment rate increased in March to the highest level in nine months, figures from Statistics Sweden showed on Wednesday
91 pc of Indian firms will use half or more data to train AI models in 2024: Report
New Delhi, April 24 - About 91 per cent of Indian companies will use half or more of their data to train artificial intelligence (AI) models in 2024, a new report said on Wednesday.
Metal, PSU stocks lead market gains
Mumbai, April 24 - Metal stocks are the top sectoral gainers in trade while PSU stocks also posted strong gains on Wednesday.
PM Modi has lifted 400 million people out of poverty: JP Morgan CEO
New Delhi, April 24 - Prime Minister Narendra Modi has taken 400 million (40 crore) people out of poverty and is doing an “unbelievable job” in India, Global banking giant JP Morgan Chase chief executive officer (CEO) Jamie Dimon has said.
India saw 455 deals worth $25.6 bn in 1st quarter this year: Report
New Delhi, April 24 - India saw 455 deals worth $25.6 billion in the first quarter this year, a 24 per cent rise in deal volume as compared to the last quarter (Q4) of 2023, a report showed on Wednesday
India to become one of biggest chip hubs in next 5 years: Ashwini Vaishnaw
New Delhi, April 24 - India has commissioned four semiconductor manufacturing units and in the next five years, the country will become one of the biggest semiconductor hubs in the world, Union Railways and IT Minister Ashwini Vaishnaw has said.
Samsung, Hyundai Motor, LG, SK hynix see combined operating profit plunge 65 pc
Seoul, April 24 - Four major conglomerates saw their combined operating profit plunge 65 per cent last year, hit by sluggish sales amid an economic slowdown, a report showed on Wednesday.
Musk’s X takes on YouTube, to launch dedicated TV app for videos soon
New Delhi, April 24 - Taking on Google-owned YouTube, X social media platform will soon launch a dedicated TV app for users to upload high-quality videos, its CEO Linda Yaccarino has announced.
It is time to reorganise Tesla, says Musk as company logs slow growth
New Delhi, April 24 - Elon Musk on Wednesday said it is time to “reorganise” Tesla as the electric car company registered $1.1 billion in net income and $21 billion in revenue, down 9 per cent from $23.3 billion from the year-ago period.
PayU gets RBI’s in-principle nod to operate as payments aggregator
New Delhi, April 23 - Digital financial services provider PayU on Tuesday announced that it has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payments Aggregator (PA) under the Payment Settlements Act, 2007.
India showcasing innovative technologies at World Energy Congress
Rotterdam, April 23 - India is showcasing its innovative technologies and power generation practices at the 26th World Energy Congress, being held in the Netherlands from April 22 to 25.
Apple’s phone sales in China fell by over 19 per cent in Q1: Report
New Delhi, April 23 - Apple smartphone sales have dropped by 19.9 per cent in the first quarter (Q1) of 2024 in China, a new report showed on Tuesday.
Byju’s vs investors: NCLT defers hearing to June 6
New Delhi, April 23 - The Bengaluru Bench of the National Company Law Tribunal (NCLT) on Tuesday deferred the hearing of the ongoing matter between embattled edtech company Byju's and some of its key investors to June 6.
Multiple catalysts for re-rating across verticals as RIL exits fourth investment cycle: Morgan Stanley
New Delhi, April 23 - Global brokerage Morgan Stanley has pointed to multiple catalysts for re-rating across verticals as Reliance Industries Limited (RIL) exits its fourth investment cycle.
RBI lists 6 factors powering India’s take-off to become world’s 3rd largest economy
Mumbai, April 23 - While India’s recent growth performance has surprised many, triggering a flurry of upgrades from financial institutions such as the IMF, the RBI bulletin released on Tuesday cites six factors that will propel the country to become the world’s third-largest
RBI sees India’s GDP growth trend surging past 7 per cent
Mumbai, April 23 - India's GDP growth trend is on the cusp of an upshift, with early signs of it rising above 7 per cent recorded during the 2020s before Covid-19 struck, according to the RBI's monthly bulletin for April released on Tuesday.
Internet subscribers reach 936.16 million in India, telephone subscribers cross 1.19 billion: TRAI
New Delhi, April 23 - The number of Internet subscribers reached 936.16 million at the end of December 2023, registering a quarterly rate of growth 1.96 per cent from 918.19 million at the end of September, the Telecom Regulatory Authority of India (TRAI)
‘Pakistan’s economy on right track for robust growth,’ claims Minister Muhammad Aurangzeb
Islamabad, April 23 - Pakistan's Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Tuesday, said that the country's economy is moving in the right direction, highlighting the government's commitment to robust economic growth and comprehensive social development.
54 pc Indian workers predict key shift in their roles in next 5 yrs: Report
New Delhi, April 23 - About 54 per cent of employees in India predict a substantial shift in their roles within the next five years, with 95 per cent expressing confidence in their ability to adapt to these changes, a report revealed on
Domestic demand improved on a sequential basis in March: Morgan Stanley
New Delhi, April 23 - India’s domestic demand-based high-frequency data rose on a sequential basis, even as it slowed in year-on-year terms in March, global brokerage Morgan Stanley said.