FM Sitharaman stresses on compliance of norms at meet with fintech heads
New Delhi, feb 26 - Finance Minister Nirmala Sitharaman on Monday held a meeting with the heads of several fintech companies and startups during which she emphasised the need for strict adherence to official regulations and giving paramount importance to the protection of
Vijay Shekhar Sharma steps down as Paytm Payments Bank Chairman
New Delhi, Feb 26 - Financial services company Paytm said on Monday that Vijay Shekhar Sharma has stepped down as Non-Executive Chairman and Board Member of Paytm Payments Bank Ltd (PPBL).
India’s coal imports for power plants fall by 37% as self-reliance grows
New Delhi, Feb 26 - India’s coal-based power generation grew by a double-digit -- 10.06 per cent -- from April 2023 to January 2024 compared to the same period of the previous year, while coal imports for blending witnessed a significant decrease of
RBI fines SBI, Canara Bank for breach of rules
Mumbai, Feb 26 - The Reserve Bank of India (RBI) announced on Monday that it has imposed penalties on the State Bank of India (SBI) and Canara Bank for non-compliance with banking regulations and RBI directions.
SK Telecom, global telcos to form AI language model joint venture
Seoul, Feb 26 - SK Telecom, South Korea's top mobile carrier, said on Monday it will create a joint venture with four global mobile carriers aimed at developing large language models (LLMs) tailored to the needs of telecommunications companies.
Power giant NTPC’s mining arm surpasses 100mn tonnes coal production milestone
New Delhi, Feb 26 - Government-owned power giant NTPC's coal-mining subsidiary NTPC Mining Ltd. (NML) has surpassed the milestone of producing 100 million metric tonnes (MMT) of coal.
SJVN to supply 300 MW solar power to J&K from Rajasthan unit
New Delhi, Feb 26 - SJVN Limited, through its wholly-owned subsidiary SJVN Green Energy Limited (SGEL), has signed a power usage agreement with Jammu & Kashmir Power Corporation Limited to supply 300 MW of solar power from its 1,000 MW Bikaner Solar Power
Micron begins volume production of new chip for AI workloads
San Francisco, Feb 26 - Semiconductor leader Micron Technology on Monday announced it has begun volume production of its HBM3E (high bandwidth memory 3E) solution, that will help reduce data centre operating costs by consuming about 30 per cent less power than its
Revamped Dharavi businesses to get SGST concessions for 5 years
Mumbai, Feb. 26 - Eligible industries and commercial units in Mumbai's redeveloped Dharavi will be entitled to enjoy several benefits, including a refund of State Goods & Services Tax (SGST) for five years, the Dharavi Redevelopment Project Pvt. Ltd., a joint venture of
Samsung unveils Galaxy Ring with health-tracking features at MWC
Seoul, Feb 26 - Samsung Electronics on Monday unveiled the long-awaited Galaxy Ring smart device for the first time at the ongoing Mobile World Congress (MWC) 2024.
Next innovation wave to emerge from semiconductors, AI in India: Union Minister
New Delhi, Feb 26 - The country has created a thriving startup innovation ecosystem in the past 2-3 years and the next wave will emerge from areas such as semiconductors, microelectronics, artificial intelligence (AI) and high-performance computing, Union Minister of State for Electronics
Nifty slips on profit booking in heavyweights
Mumbai, Feb 26 - Nifty remained sideways throughout the session on Monday with negative bias and closed with a loss of 91 points at 22,122 levels.
Oil India Ltd to hold global partner roadshow in UAE
New Delhi, Feb 26 - Oil India Limited (OIL), India's youngest Maharatna central public sector enterprise, has announced its first-ever global partner roadshow: "Confluence: Where Energy and Opportunity Converge" which is scheduled to take place on 28th February at Abu Dhabi in the
Centre announces relief package for Andhra, Karnataka tobacco farmers
New Delhi, Feb 26 - The Centre has announced a relief package for FCV (Flu Cured Virginia) tobacco farmers in Andhra Pradesh and Karnataka which includes interest free loans and waiving of penalties.
Govt expedites Byju’s financial inspection, firm says complied with MCA directions
New Delhi, Feb 26 - As the government expedites the inspection of financial books of embattled edtech major Byju's, the company said on Monday that it has responded with all necessary responses along with documents to the Ministry of Corporate Affairs (MCA) and
Bhavish Aggarwal launches India’s AI chatbot ‘Krutrim AI’
New Delhi, Feb 26 - Ola founder and chairman Bhavish Aggarwal on Monday launched India's artificial intelligence (AI) chatbot 'Krutrim AI' to take on OpenAI's ChatGPT and Google's Gemini.
Rural livelihoods have seen an improvement implying success of govt policy
New Delhi, Feb 26 - The results of the Household Consumption Expenditure Survey (HCES) for 2022-23 demonstrates that rural livelihoods have seen an improvement, especially for the lowest-income classes, as per an analysis by Emkay Global Financial Services.
Sony Pictures denies reports of acquiring stake in OTT platform Aha
New Delhi, Feb 26 - Sony Picture India has denied speculation of an acquisition of a stake in OTT platform Aha.
Truecaller launches AI-powered call recording for iOS, Android users in India
New Delhi, Feb 26 - Leading caller identification app Truecaller on Monday launched an AI-powered call recording feature in India for iOS and Android platforms.
Water security to be important for semiconductor industry players: S&P Global Ratings
Chennai, Feb 26 - Credit rating agency S&P Global Ratings on Monday said semiconductor chip makers must focus on managing their water resources as water security will be an important factor in their credit profiles.