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.
Fintech firm BharatPe elevates Nalin Negi as CEO
New Delhi, April 16 - Fintech company BharatPe on Tuesday announced the elevation of Nalin Negi as its Chief Executive Officer (CEO).
New X users will need to pay for posting: Elon Musk
New Delhi, April 16 - In a dampener for new X users, Elon Musk has announced they may be charged for posting content on the social platform.
US-based Lam Research pledges Rs 241 crore to prepare Indian chip workforce
New Delhi, April 15 - US-based Lam Research Corporation, a global supplier of innovative wafer fabrication equipment, on Monday pledged nearly $29 million (Rs 241 crore) in software licenses over the next two years to upskill 2,800 students, as it signed an MoU
Indian economy resilient, fundamentals of stock exchanges very strong: NSE CEO
New Delhi, April 15 - The fundamentals of stock exchanges are very strong and the ongoing geo-political situation in the Middle East is not going to have any significant impact on the Indian economy, National Stock Exchange (NSE) MD and CEO Ashish Kumar
Philips expands footprint in India with new R&D centre
New Delhi, April 15 - Philips on Monday said that it expanded its footprint in India by announcing a new R&D centre.
Govt bonds worth Rs 24,000 crore coming up for auctions on Friday
New Delhi, April 15 - The Finance Ministry on Monday announced the sale of government bonds worth Rs 24,000 in two categories.
RBI eases rules on hedging of gold price risk in overseas markets
Mumbai, April 15 - The RBI on Monday eased rules to allow resident entities to hedge their exposures to the price risk of gold using the OTC derivatives in the International Financial Services Centre (IFSC) in addition to the derivatives on the exchanges
Musk’s Tesla announces to cut over 10 per cent of its global workforce
San Francisco, April 15 - Elon Musk-run Tesla has announced to lay off more than 10 per cent of its global workforce in an internal company-wide email, a media report said on Monday.
Geopolitical situation, rise in crude & metal prices, heat wave to edge up WPI inflation: Economists
Chennai, April 15 - Even though higher food prices resulted in the Wholesale Price Index (WPI) inflation rising to 0.53 per cent in March, a positive outlook for agricultural production and food inflation can be expected, said a top economist at CARE Ratings.
Yolohealth awareness campaign gathers steam, two-day camp at Birla Mandir sensitises citizens
New Delhi, April 15 - A large number of diseases are inflicting havoc on our citizens and a bigger worry is that many of them eschew preventive solutions.
TCS announces new delivery centre in Brazil, to create 1,600 new jobs
New Delhi, April 15 - Tata Consultancy Services (TCS) on Monday announced a new delivery centre in Brazil that will create more than 1,600 new job opportunities over the next five years.
India’s merchandise trade deficit dips to 11-month low of $15.6 billion in March
New Delhi, April 15 - India's merchandise trade deficit narrowed to an 11-month low of $15.6 billion in March compared to $18.71 billion in February as there was a significant decline in imports during the month, figures released by the Commerce Ministry on
Ola Electric cuts prices of S1 X range of e-scooters, to start from Rs 69,999
New Delhi, April 15 - Bhavish Aggarwal-led Ola Electric on Monday announced new prices for its S1 X range of e-scooters along with the delivery details.
Shareholders approved rights issue to tackle cash crunch: Byju’s
Bengaluru, April 15 - Edtech firm Byju’s on Monday said that its shareholders have approved the rights issue, paving the way for its parent company Think & Learn Private Limited to issue fresh shares and conclude the rights issue aimed at tackling the