Industrials to report healthy quarter on continued push by govt on infrastructure development
New Delhi, April 10 - The industrial sector is likely to report a healthy quarterly performance for 4QFY24 driven by a healthy opening order book, continued execution momentum and healthy demand.
iBUS raises $200 mn from NIIF to fuel digital infrastructure expansion in India
New Delhi, April 10 - Digital infrastructure solutions company iBUS, on Wednesday said, that it has raised $200 million from the government-backed National Investment and Infrastructure Fund Limited (NIIF) to support the growth of India’s digital infrastructure.
The best is yet to come in the US-India partnership, US Ambassador Eric Garcetti says at O P Jindal Global University
Sonipat, April 10 - The Jindal School of International Affairs, the Jindal India Institute, and the Jindal Global Centre for G20 Studies jointly hosted Eric M. Garcetti, Ambassador of the US to India, on the campus of O. P. Jindal Global University in
Indian software firm Zoho builds power tools to create more rural jobs: CEO
New Delhi, April 10 - Sridhar Vembu, Founder and CEO of leading Cloud software provider Zoho, said on Wednesday that they have created first-of-its-kind power tools that are ready for commercial production.
Take corrective measures for unfair practices against retail stores: Regulator orders samsung
Seoul, April 10 - The antitrust regulator here said on Wednesday that it has decided to order Samsung Electronics to take corrective steps for interfering with the business operations of its authorised retail stores.
Indian AI startup Neysa raises $20 mn to boost GenAI adoption
Mumbai, April 10 - AI cloud and platform-as-a-service (PaaS) startup Neysa on Wednesday said it has raised $20 million (nearly Rs 166 crore) led by Matrix Partners India, Nexus Venture Partners and NTTVC investment firms.
Paytm Payments Bank’s CEO Surinder Chawla moves on
New Delhi, April 9 - Surinder Chawla, CEO and MD of Paytm Payments Bank, has stepped down from his position, the company said in a regulatory filing on Tuesday.
Govt extends deadline for submitting R&D proposals under Green Hydrogen Mission
New Delhi April 9 - The Ministry of New & Renewable Energy announced on Tuesday that the deadline for submission of R&D proposals under the National Green Hydrogen Mission has been extended to 27th April 2024.
Hinduja Group’s IIHL to acquire 60% stake in Invesco India Asset Management
New Delhi, April 9 - IndusInd International Holdings Limited (IIHL), a Mauritius-based investment holding company backed by the Hinduja Group, and Invesco Ltd have announced to enter into a definitive agreement to form a joint venture which will see IIHL acquire 60 per
Google Cloud CEO announces new capabilities, advanced chips for AI era
New Delhi, April 9 - Google Cloud CEO Thomas Kurian on Tuesday announced several new capabilities and solutions in the AI era to drive customer success and momentum, including custom silicon advancements, Google Axion which is the company’s first custom Arm-based CPU designed
EU, India join hands to nurture startups in EV battery recycling field
New Delhi, April 9 - In a fillip to the country’s electric vehicle (EV) goals, the European Union (EU) and India on Tuesday joined hands to promote startups working in the area of battery recycling technologies for EVs.
Ola to shut global operations, to focus on Indian market
New Delhi, April 9 - Ride-hailing company Ola on Tuesday said it has decided to shut down all of its existing global markets, namely the UK, Australia and New Zealand amid rising competition.
ISH, Sommet Education and Accor Group announce Indian talent development initiative
New Delhi, April 9 - India's hospitality sector is renowned for its rich and diverse cultural heritage and exceptional warmth. The country offers a broad range of experiences, from luxury resorts to heritage hotels, making it a desired destination for global travellers eyeing
Indian markets hit a fresh intraday peak
Mumbai, April 9 - Indian markets reached a fresh intraday peak before seeing profit-booking at higher levels in anticipation of Wednesday's key US inflation data, which carries weight in determining future rate cuts by the US Fed, says Vinod Nair, Head of Research,
Auto parts maker Musashi appoints Naoya Nishimura as CEO for India, Africa
New Delhi, April 9 - Japanese auto parts manufacturer Musashi, on Tuesday announced the appointment of Naoya Nishimura as its Chief Executive Officer (CEO) for India and Africa region.
Altair expands operations in India, opens new office
New Delhi, April 9 - US-based information technology company Altair on Tuesday expanded its operations in India by opening a new office.
Synapses launches $125mn VC fund for STEM innovations in climate & health tech
New Delhi, April 9 - Synapses on Tuesday announced the launch of a $125 million venture capital fund to identify and support STEM (Science, Technology, Engineering and Mathematics)-based solutions for climate change and health.
Tesla’s entry in India a natural progression: Elon Musk
New Delhi, April 9 - The entry of Tesla in India, as the company scouts for factory land, will be a natural progression, its CEO Elon Musk has said, as the country gears up for mobility transformation.
Bajaj Allianz Life introduces premium payment options on WhatsApp
New Delhi, April 9 - Bajaj Allianz Life Insurance on Tuesday said that it partnered with Meta to introduce premium payment options on WhatsApp for customers to seamlessly manage their policies and payments all in one place.
EV firm Ultraviolette unveils industry-1st coverage up to 8 lakh kms for F77 e-bike
Bengaluru, April 9 - Global EV company Ultraviolette Automotive on Tuesday announced an industry-leading battery and drivetrain warranty structure for its flagship electric motorcycle called F77 that offers coverage spanning up to 800,000 kms.