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.
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.