L&T Technology Services, Intel to power smart cities with edge-AI
New Delhi, March 5 - L&T Technology Services Ltd on Tuesday announced a collaboration with chip-maker Intel to develop and provide scalable edge-AI solutions.
Govt expects Rs 41,000 crore investment as 12th round of city gas distribution network bidding ends
New Delhi, March 4 - Minister for Petroleum and Natural Gas Hardeep Singh Puri on Monday handed over letters of intent to successful bidders of 12th City Gas Distribution (CGD) bidding round, under which 8 Geographical Areas across 103 districts were offered for
Ahead of Jaishankar’s visit, S. Korean envoy lauds bilateral economic ties
New Delhi, March 4 - South Korean Ambassador Chang Jae-bok on Monday appreciated the deepening and expanding economic relations between India and Korea -- a day ahead of External Affairs Minister S. Jaishankar's visit to the Asian nation beginning Tuesday.
FM Sitharaman urges top GST officials to leverage technology for plugging loopholes in system
New Delhi, March 4 - Finance Minister Nirmala Sitharaman on Monday exhorted the enforcement chiefs of the state and the Central GST formations to leverage technology for plugging loopholes in the system, as well for providing better taxpayer services.
EU slaps $2 billion anti-trust fine on Apple following Spotify’s complaint
London, March 4 - The European Union on Monday fined Apple 1.84 billion euros (about $2 billion) for allegedly abusing its dominant position in the market for the distribution of music streaming apps to iPhone and iPad users via its App Store.
Five key projects of GMDA worth Rs 194.18 crore approved
Gurugram, March 4 - Five key projects of the Gurugram Metropolitan Development Authority (GMDA) worth Rs 194.18 crore were approved in the High-Powered Works Purchase Committee meeting chaired by Haryana Chief Minister Manohar Lal Khattar on Monday.
RBI bars IIFL Finance from sanctioning or disbursing gold loans
Mumbai, March 4 - The Reserve Bank of India (RBI) on Monday directed IIFL Finance Ltd. to stop sanctioning or disbursing gold loans or assigning/securitizing/selling any of its gold loans with immediate effect.
Govt cuts warehouse charges to help farmers
New Delhi, March 4 - Union Consumer Affairs, Food & Public Distribution Minister Piyush Goyal on Monday said that the agriculture sector will be the foundational pillar spearheading the nation towards becoming 'Viksit Bharat' by 2047.
Ola’s S1 Pro electric scooter gets PLI certification to boost green mobility
Bengaluru, March 4 - Ola Electric's S1 Pro electric scooter has received the domestic value addition (DVA) certification under the production-linked incentive (PLI) scheme for the automobile and auto component industry, the Centre said on Monday.
China’s reversion to its ‘old’ growth model being witnessed in recent years
New Delhi, March 4 - China’s re-opening rebound was one of the biggest market bets gone wrong in 2023, with the housing market (60 per sent of household assets) seeing the worst downturn in the country's history, dragging down growth and consumption, Emkay
Interoperable payment system for Net banking to be launched this year: RBI chief
Mumbai, March 4 - RBI Governor Shaktikanta Das on Monday said that the interoperable payment system for internet banking is expected to be launched this year to facilitate quicker settlement of funds for merchants.
Tata Motors to demerge business into two separate listed companies
New Delhi, March 4 - The Board of Directors of Tata Motors Ltd (TML), at its meeting on Monday, approved the proposal of demerger of Tata Motors Ltd into two separate listed companies, housing the commercial vehicles business and its related investments in
‘Increasing women workforce key for India to become $7 trillion economy’
New Delhi, March 4 - India's goal to become a $7 trillion economy is only possible when participation of women in the workforce increases by 50 per cent, according to an expert on Monday.
Nifty extends gains for fourth session to end at record high
Mumbai, March 4 -+ India's benchmark indices extended gains for the fourth session on Monday to end at record high, said Devarsh Vakil, Deputy Head Retail Research, HDFC Securities.
We have strong & proactive govt that won’t fall for Big Tech’s lies: Anupam Mittal
New Delhi, March 4 - Continuing his fight against Google’s new Play Store policies, Shaadi.com Founder and CEO Anupam Mittal on Monday said this is the new Digital East India Co and if we don’t put in the right safeguards now, nothing can
Tough demand environment continues for IT services
New Delhi, March 4 - An analysis of the latest quarterly results of 24 global companies indicate no material improvement in the demand environment, as macro uncertainties prevail, Emkay Global Financial Services said in a report.
Scindia inaugurates India’s first Green Hydrogen plant in stainless steel sector
New Delhi, March 4 - Union Steel Minister Jyotiraditya M. Scindia on Monday virtually inaugurated India's first Green Hydrogen Plant in the stainless steel sector located at Jindal Stainless Limited in Haryana's Hisar.
Poultry companies to log 5-6 pc revenue growth
Chennai, March 4 - Credit rating agency ICRA expects the revenue growth for its sample set of domestic poultry companies to improve mildly to about 5-6 per cent in FY2025 after an estimated modest Year-on-Year (YoY) growth of about 3-4 per cent in
India okays rice exports to Africa in outreach to Global South
New Delhi, March 4 - The government has, as part of India's outreach to the Global South, allowed the exports of 1,10,000 tonnes of rice to three African countries to help them meet their food security needs.
Indian economy to grow at 7.8 pc in FY25
Chennai, March 4 - The Indian economy is expected to grow at 7.8 per cent in FY25, said an economist in Bank of Baroda in a report.