ADIA acquires shares in SpiceJet
New Delhi, March 4 - Abu Dhabi Investment Authority (ADIA) recently acquired shares of Spicejet from the open market.
Govt to launch Bharat Semiconductor Research Centre soon: Rajeev Chandrasekhar
Chennai, March 4 - The government is soon expected to launch the coveted Bharat Semiconductor Research Centre, which will be a global standard academia-government-private sector-start-up partnered institution, said Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, on Monday.
IBM expands Technology Expert Labs in India to boost adoption of genAI
New Delhi, March 4 - Tech major IBM on Monday announced the expansion of its Technology Expert Labs capacity in India to accelerate the adoption of generative artificial intelligence (genAI) and key technologies.
Consumers exhibit a strong preference to place deposits in 1-3 year category
New Delhi, March 4 - Consumers continue to exhibit a strong preference to place deposits in the 1-3-year category, as per a report by Kotak Institutional Equities on deposit trends across banks.
Moody’s ups India’s growth forecast, expects policy continuity after LS poll
Mumbai, March 4 - Moody's Investor Service on Monday raised India’s GDP growth forecast and expects the country to remain the fastest growing economy among the G-20 nations in 2024.
Passenger vehicles, two-wheelers maintain positive run
New Delhi, March 4 - Auto sales maintained the trends, with passenger vehicles and two-wheelers maintaining a positive run, whereas commercial vehicles and tractor segment sales momentum continued to be weak, Kotak Institutional Equities said in a report.
Govt allows export of onion to Bangladesh, UAE with riders
New Delhi, March 4 - The government has allowed the export of 64,400 tonnes of onion to the UAE and Bangladesh through the National Cooperative Exports Ltd (NCEL), according to notifications issued by the Directorate General of Foreign Trade (DGFT).
Majority of apps yet to be relisted on Google Play: Industry body
New Delhi, March 3 - A majority of apps that were delisted by Google Play last week are yet to be relisted, the Internet and Mobile Association of India (IAMAI) said on Sunday.
Have called Google for meeting next week: IT Minister on Play Store row
New Delhi, March 2 - Union IT and Telecom Minister Ashwini Vaishnaw on Saturday said he has called Google for a meeting next week, after the company started to reinstate some of the apps of Indian digital companies it delisted from the Play
RBI turning up compliance heat on regulated entities
New Delhi, March 2 - Compliance is taking the centre stage with 4x increase in RBI penalties on regulated entities (FY20-23), IIFL Securities said in a report.
Salaries delayed for Byju’s 20,000 employees, CEO blames investors
New Delhi, March 2 - Edtech major Byju's is yet to process the salaries of its employees for the month of February as the amount raised through the rights issue is currently locked in a separate account "at the behest" of some key
Nifty records all-time high
New Delhi, March 2 - Nifty regained strength with a strong bullish candle formation to record an all-time high crossing the 22300 zone with sentiment and bias turned strong, says Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher.
Must take permission before launching AI models, safeguard electoral process: Centre to Big Tech
New Delhi, March 2 - The Centre on Saturday came down hard on big internet and social media platforms on the misuse of AI, saying all intermediaries must not permit any bias or discrimination or threaten the integrity of the electoral process, and
Reinstate Bharatmatrimony, Info Edge, Shaadi.com, TrulyMadly: IAMAI tells Google
New Delhi, March 2 - The Internet and Mobile Association of India (IAMAI) on Saturday slammed removal of Indian companies' apps and asked Google to reinstate those delisted apps on its Play Store.
‘Anytime’: Sam Altman responds to old X thread after Elon Musk sues OpenAI
New Delhi, March 2 - OpenAI CEO Sam Altman has responded to an old X thread of a brief conversation he had with Elon Musk after the tech billionaire sued the ChatGPT maker, alleging that the company breached their original contractual agreements around
India can notch true economic potential with more women in workforce: US Consul-General
Ujjain (Madhya Pradesh), March 1 - India cannot achieve its true economic potential without the greater inclusion of women in the formal workforce, US Consul-General in Mumbai, Mike Hankey, said here on Friday.
India will be fabricating 300 crore semiconductor chips in a year: IT Minister
New Delhi, March 2 - The country will not only meet its demand for semiconductors by 2029 but also start exporting them, while fabricating “300 crore semiconductor chips in a year”, Union Electronics and IT Minister Ashwini Vaishnaw has said.
Paytm Payments Bank receives FIU ‘direction’ over a discontinued business segment
New Delhi, March 1 - Paytm Payments Bank Limited (PPBL) on Friday faced a penalty from the Financial Intelligence Unit-India (FIU-IND). The agency has imposed a monetary penalty of Rs 5.49 crore on the company's associate entity.
Nirmala Sitharaman launches Rs 1,000 cr worth infra projects
New Delhi, March 1 - Union Finance Minister Nirmala Sitharaman on Friday virtually launched seven infrastructure projects worth over Rs 1,000 crore that include residential and office complexes for government officials.
Financial Intelligence Unit slaps Rs 5.49 cr penalty on Paytm Payments Bank
New Delhi, March 1 - The Financial Intelligence Unit-India (FIU-IND) has imposed a penalty of Rs 5.49 crore on Paytm Payments Bank Ltd for violations of money laundering prevention rules, the Union Finance Ministry said on Friday.