Musk’s Starlink may get Indian government approval soon
New Delhi, April 16 - Ahead of Elon Musk's visit to India, the tech billionaire's satellite-based internet service Starlink has reportedly received tentative approval from the Ministry of Communications.
Apple aims at assembling iPhone camera module in India to cut dependence on China
New Delhi, April 16 - As Apple continues to minimise its dependence on China, the iPhone maker is increasing investments in India and is reportedly in advanced talks with Tata Group's Titan Company and Murugappa Group to assemble sub-components for phone camera modules,
IMF increases India’s growth projection to 6.8 pc for 2024
Washington, April 16 - The International Monetary Fund (IMF) has pegged India's growth projection to 6.8 pc this year, an increase of 0.3 pc over its January 2024 update.
Paytm clarifies licensing process status amid speculations, says govt champions fintech
New Delhi, April 16 - Fintech major Paytm on Tuesday clarified the status of its licensing process amid recent speculations, saying it has not received any communication suggesting a deferral or penalties and any notion to the contrary is “completely unfounded and misleading”.
UNCTAD forecasts India’s GDP growth at 6.5 pc in 2024
New Delhi, April 16 - The latest UN Conference on Trade and Development (UNCTAD) report released on Tuesday forecasts global economic growth at 2.6 per cent in 2024 barely above the 2.5 per cent threshold commonly associated with a recessionary phase.
Zomato introduces ‘large order fleet’ for gatherings of up to 50 people
New Delhi, April 16 - Online food delivery platform Zomato on Tuesday introduced a ‘large order fleet’ to serve orders for a gathering of up to 50 people.
NSE IPO awaits SEBI’s green signal, says CEO
New Delhi, April 16 - Ashish Kumar Chauhan, MD and CEO of the National Stock Exchange (NSE), on Tuesday said the exchange’s much-anticipated initial public offering (IPO) is waiting for the green signal from the market regulator, the Securities and Exchange Board of
India could absorb more Russian metals after LME ban, say experts
Chennai, April 16 - Countries like India and several other non-US and European nations could buy more Russia-origin metals following last week's London Metal Exchange (LME) ban.
Microsoft invests $1.5 billion in UAE-based AI company G42
New Delhi, April 16 - Microsoft on Tuesday announced a $1.5 billion investment in the UAE-based artificial intelligence (AI) technology company, G42.
Mahindra unveils new nine-seater Bolero Neo+ starting at Rs 11.39 lakh
New Delhi, April 16 - Leading SUV manufacturer Mahindra & Mahindra on Tuesday unveiled the 9-seater 'Bolero Neo+' in two variants -- the P4 and the P10, at a starting price of Rs 11.39 lakh (ex-showroom).
Morgan Stanley does not expect RBI to go for a rate cut in 2024-25
Mumbai, April 16- Morgan Stanley economists do not expect the RBI to cut key interest rates in 2024-25 as the country is clocking a robust GDP growth and the US Fed has postponed its rate cut which could pose a risk to the
Healthcare-startup Medulance secures $3 mn Series A funding
New Delhi, April 16 - Emergency healthcare provider Medulance on Tuesday announced it has secured $3 million (about Rs 25 crore) in Series A funding.
Asus’s new dual-screen laptop ‘Zenbook DUO’ now available in India
New Delhi, April 16 - Taiwanese tech giant Asus on Tuesday said that its newly launched dual-screen laptop 'Zenbook DUO' is now available in India.
Google-backed Cropin launches open-source AI model to empower farmers
Bengaluru, April 16 - Agritech company Cropin Technology on Tuesday launched the sector's first open-sourced micro-language model for climate-smart agriculture, targeting undeserved farmers in Global South.
AI startup Upstage secures over $71 million to expand global footprint
Seoul, April 16 - Artificial intelligence (AI) startup Upstage said on Tuesday it has secured 100 billion won ($71.7 million) from investors, as it seeks to make inroads into the global generative AI market.
Hewlett Packard Enterprise unveils ‘Made in India’ servers
New Delhi, April 16 - Hewlett Packard Enterprise (HPE) on Tuesday unveiled its 'Made in India' servers which are now being deployed at large scale to serve the growing demands of customers in the country.
Govt hikes windfall tax on crude oil; ONGC & OIL to take hit
New Delhi, April 16 - The Government has hiked the windfall tax on crude oil to Rs 9,600 per metric ton with effect from Tuesday from Rs 6,800 earlier, as part of its fortnightly revision.
Gold prices firm up amid rising Iran-Israel tensions
New Delhi, April 16 - Gold prices recorded an increase on the Multi Commodity Exchange (MCX) on Tuesday as escalating tensions between Iran and Israel have driven up the demand for the safe-haven asset.
Samsung set to expand chips supply chain after $6.4 bn US grants
Seoul, April 16 - Samsung is set to accelerate the expansion of its global semiconductor supply chain in the era of artificial intelligence (AI), following a subsidy of $6.4 billion from the US government and its extended investment plan.
Sensex down more than 300 points as geopolitical concerns weigh
Mumbai, April 16 - BSE Sensex is down by more than 300 points on Tuesday as geopolitical factors continue to weigh on the markets.