upGrad names Venkatesh Tarakkad as 1st Chief Financial Officer
New Delhi, March 1 - Ronnie Screwvala-founded upGrad on Friday said that the edtech unicorn has appointed Venkatesh Tarakkad as the first Chief Financial Officer (CFO).
India’s emergence as global chip manufacturing hub no distant dream: Industry
New Delhi, March 1 - Top industry bodies on Friday hailed the government’s decision to clear three semiconductor fabrication (fab) manufacturing projects worth Rs 1.3 lakh crore, saying that the emergence of the country as a global semiconductor manufacturing destination “no longer seems
Sensex jumps more than 1,000 points on impressive GDP numbers
New Delhi, March 1 - BSE Sensex jumped more than 1,000 points on Friday reacting to India’s impressive GDP numbers.
Centre sanctions Rs 6,728 crore for Frontier Highway in Arunachal
New Delhi, Feb 29 - Union Minister for Road Transport and Highways Nitin Gadkari on Thursday said an allocation of Rs 6,728.33 crore has been approved for constructing eight stretches covering 305 km on NH-913 (Frontier Highway) in Arunachal Pradesh.
Pakistan struggling to arrange $1.8 billion for repayment of Chinese loan
Karachi, Feb 29 - Pakistan's foreign exchange market is tense on reports about the expected higher dollar outflows, local media reported.
Paytm, PPBL discontinue inter-company agreements before RBI deadline
New Delhi, March 1 - One 97 Communications Ltd, the parent company of Paytm, and Paytm Payments Bank Limited (PPBL) on Friday announced to discontinue various inter-company agreements, as the Reserve Bank of India (RBI) ban on the bank’s operations inches closer.
Group, company headed by brothers get Union Cabinet’s nod for semiconductor fab units
Chennai, Feb 29 - A common thread that runs in all three companies that got the Union Cabinet's nod on Thursday for setting up semiconductor units is that they are headed by brothers – N. Chandrasekaran and N. Srinivasan.
Govt launches new railway plan to cut cost of moving coal from mines by Rs 21,000 cr a year
New Delhi, Feb 29 - Union Minister of Coal Pralhad Joshi on Thursday launched a groundbreaking 'Coal Logistics Plan and Policy' aimed at a strategic shift towards a railway-based system to evacuate coal from the pitheads of mines, which will cut transport costs
Apple’s shift from EVs to AI draws diverse reactions among influencers
New Delhi, Feb 29 - A rise in discussions related to "Apple" among influencers on the "X" platform has been witnessed in the last week of February after reports emerged about Apple's decision to discontinue its electric vehicle (EV) project, a new report
Higher-than-expected GDP may lead to tight monetary policy from RBI for a longer period
New Delhi, Feb 29 - The higher-than-expected momentum in the economy may lead to a tight monetary policy from the RBI for a longer period, and any reversal in the current stance is unlikely over the next six months, said Suman Chowdhury, Chief
Adani Portfolio posts record 63.6 per cent profit growth, sets stage for unrivalled green investments
Ahmedabad, Feb 29 - The Adani Portfolio of companies on Thursday reported a record quarterly profit growth of 63.6 per cent (year-on-year), as trailing 12-month EBITDA (as of December 2023) stood at Rs 78,823 crore ($9.5 billion), which is 2.5 times the EBITDA
CG Power gets Cabinet nod for Rs 7,600 crore semiconductor unit in Gujarat
Chennai, Feb 29 - Murugappa Group's CG Power and Industrial Solutions Ltd on Thursday got the Union Cabinet's nod for setting up a semiconductor unit for specialised chips at an outlay of Rs 7,600 crore.
India’s GDP growth surges to 8.4 per cent in Q3, 2023-24 growth rate pegged at robust 7.6 per cent
New Delhi, Feb 29 - India's economy sprang a surprise with an 8.4 per cent surge in GDP growth during the third quarter (October-December), as a result of which the country's economic growth rate for the financial year 2023-24 is now estimated at
New investments in semiconductor chips will remain in Asia but moving away from China: Moody’s Analytics
Chennai, Feb 29 - Even though new investments in the semiconductor industry seem to be moving away from China, electronics production will continue to remain in Asia for the foreseeable future, said Moody's Analytics in a report.
IndiaTech partners T9L to launch early-stage incubation programme for startups
New Delhi, Feb 29 - Leading startup incubator T9L and IndiaTech, which represents Indian startups and investors in the technology space, on Thursday announced the launch of an early-stage incubation programme for startups 'QUBE'.
CG Power and Industrial Solutions receives I-T demand of Rs 188 cr
New Delhi, Feb 29 - CG Power and Industrial Solutions has received a demand for Rs 188.78 crore from the Income Tax Department in respect of the assessment year 2022-23.
Cabinet approves 3 semiconductor fab units, to generate 80,000 jobs
New Delhi, Feb 29 - The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved the establishment of three semiconductor fabrication (fab) units that will start construction within the next 100 days and generate direct employment of 20,000 advanced technology jobs
Indian innovation key to solving health, agriculture, climate issues: Bill Gates
New Delhi, Feb 29 - Indian innovations across the spectrum are fantastic and are the key to solving problems in the field of health, agriculture, gender and climate, Microsoft Co-founder and philanthropist, Bill Gates, said in the national Capital on Thursday.
India received Rs 2.5 lakh crore worth investment proposals in chip sector: Centre
New Delhi, Feb 29 - India has received over Rs 2.5 lakh crore worth investment proposals in the semiconductor sector, ranging from packaging, design and research and development, the Centre said on Thursday.
Ad spending in India to reach $17 bn in FY24, consumption to rebound: Report
New Delhi, Feb 29 - Overall ad spending in India is estimated to reach $16-17 billion in FY24, growing at 6 per cent in the fiscal year, a report showed on Thursday.