Bitcoin market cap scales $1 trillion
London, Feb 20 - The value of the world’s most popular cryptocurrency, Bitcoin, has more than tripled to $52,000 since November 2022.
FM to meet fintech startups next week amid Paytm Bank crisis
New Delhi, Feb 20 - Union Finance Minister Nirmala Sitharaman is expected to meet fintech startups next week amid regulatory concerns, after the central bank acted on Paytm Payments Bank and put certain curbs.
RBI bulletin pegs India’s GDP growth in Q4 at 7%, corporate investments likely to surge
Mumbai, Feb 20 - The RBI’s monthly bulletin released on Tuesday expects a fresh round of capital expenditure by the corporate sector to fuel the next leg of growth in the Indian economy and has pegged the GDP growth rate at 7 per
India can become 3rd largest economy in 4-5 years but increasing per capita income also important: Rangarajan
Chennai, Feb 20 - India can become the third-largest economy in the world in four or five years but increasing the per capita income and elimination of poverty is also important, noted economist and former Reserve Bank of India (RBI) Governor Dr C.
Walmart acquires US TV maker Vizio for nearly $2.3 bn to boost ad biz
San Francisco, Feb 20 - Retail giant Walmart on Tuesday said it is acquiring US-based TV maker Vizio in a deal valued at nearly $2.3 billion, in a bid to boost its ad business.
TN govt to set up 100 farmers markets: Minister
Chennai, Feb 20 - Tamil Nadu Minister for Agriculture and Farmers' Welfare M.R.K. Panneerselvam on Tuesday said that the government will set up 100 Uzhavur Angadis (farmers markets) across the state.
IndiGo announces daily direct flights to Bali from March 29
New Delhi, Feb 20 - IndiGo on Tuesday announced daily direct flights from Bengaluru to Denpasar (Bali), effective from March 29.
Govt sets March 21 deadline for public comments on guidelines to curb greenwashing
New Delhi, Feb 20 - The Central Consumer Protection Authority has sought public comments on Draft Guidelines for Prevention and Regulation of Greenwashing, which is a misleading practice of making false environmental claims in ads to sell products.
In a first, APEDA plans trial run of mango, pomegranate exports by sea to USA & Europe
New Delhi, Feb 20 - Agricultural and Processed Food Products Export Development Authority (APEDA) is planning to send trial shipments of mangoes and pomegranates to the USA and the European Union by sea with the aim of bringing down the transport cost of
vEPFO adds 15.62 lakh net members in Dec 2023 as employment risesv
New Delhi, Feb 20 - EPFO’s data released on Tuesday highlighted that 15.62 lakh net members have been added to the employment payroll in December, 2023 which is highest in the last three months.
India’s AI market to reach $17 bn by 2027, demand for talent to grow: Nasscom
New Delhi, Feb 20 - India’s artificial intelligence (AI) market is likely to grow at 25 per cent compound annual growth rate (CAGR) to reach $17 billion by 2027, with similar growth in AI investments, a Nasscom report said on Tuesday.
China makes biggest-ever cut to mortgage rate to boost housing market
Hong Kong, Feb 20 - China’s central bank has cut its key mortgage reference rate by a record amount, as it ramps up efforts to stem a prolonged property crisis, a media report said.
ServiceNow partners AICTE to skill over 10K students on its platform in 1st yr
New Delhi, Feb 20 - Digital workflow company ServiceNow on Tuesday signed a Memorandum of Understanding (MoU) with the All India Council For Technical Education (AICTE) under the Ministry of Education, with a goal to skill more than 10,000 students on its platform
Ashok Leyland flags off work on new factory for making e-buses in Lucknow
Lucknow, Feb 20 - Hinduja Group auto major Ashok Leyland on Tuesday flagged off work on the construction of a new integrated commercial vehicle plant for manufacturing electric buses in Uttar Pradesh.
1st human implanted with Neuralink brain chip able to control mouse via thoughts: Musk
New Delhi, Feb 20 - Elon Musk has said that the first human implanted with a brain chip from his brain-computer interface company Neuralink seems to have fully recovered and is able to control a computer mouse using thoughts.
Akasa Air adopts Digi Yatra’s facial recognition system at 9 airports
New Delhi, Feb 20 - Akasa Air on Tuesday introduced the adoption of Digi Yatra’s facial recognition system across nine major airports across the country including Bengaluru, New Delhi, Varanasi, Hyderabad, Lucknow, Ahmedabad, Guwahati, Kolkata, and Pune.
Waaree Renewable Technologies bags Rs 990.60cr EPC order
Chennai, Feb 20 - Solar power engineering, procurement and construction (EPC) major Waaree Renewable Technologies Ltd has secured Rs 990.60 crore order from a domestic company.
Japan extends Rs 12,814 crore loan for 9 infra projects in India
New Delhi, Feb 20 - The Goverment of Japan on Tuesday committed Official Development Assistance (ODA) loan to the tune of approximately Rs 12,814 crore for nine projects across various sectors in India.
India reversing missed opportunities of last 75 years, China chip era slowing down: Minister
New Delhi, Feb 20 - India is reversing the missed opportunities of the last 75 years and when it comes to semiconductors, China’s momentum is slowing down as they are not viewed as a trusted partner in the future of tech, Union Minister
Chinese e-com platform Temu under fire for aggressive marketing
Seoul, Feb 20 - Chinese online shopping platform Temu came under fire for its aggressive marketing tactics to lure customers in South Korea, industry sources said on Tuesday.