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.
Dell launches 2 new Alienware gaming monitors in India
New Delhi, Feb 20 - Dell Technologies on Tuesday launched two new Alienware QD-OLED gaming monitors in India, which were first unveiled at CES 2024.
Wage negotiations at Samsung break down, union plans strike
Seoul, Feb 20 - Wage negotiations between management and a labour union at Samsung Electronics broke down, industry sources said on Tuesday, leading the union to start the process to go on strike.
Urban sector growth outpaced rural sector for 11th consecutive quarter
New Delhi, Feb 20 - Urban consumption grew 9.8% YoY in 3QFY24, the highest in five quarters and compared to 6.9% YoY growth in the previous quarter, as per a report by Motilal Oswal Financial Services.
India’s IPO tally hit a six-year high in 2023
New Delhi, Feb 20 - In total, 243 companies were listed on Indian bourses in the year ended December 31, 2023, the highest annual tally in at least six years, according to S&P Global Market Intelligence data.
Air India selects Thales’ in-flight entertainment system
Chennai, Feb 19 - Tata group owned Air India has selected Thales' in-flight entertainment solution. According to Thales, it will upgrade and retrofit Air India's current fleet of 40 Boeing 777s and 787s with its AVANT Up system, starting in 2024 and continuing
IEPFA signs pact with DBS Bank to protect investors
New Delhi, Feb 19 - A Memorandum of Understanding (MoU) was signed between the Investor Education and Protection Fund Authority (IEPFA) under the aegis of the Ministry of Corporate Affairs (MCA), and DBS Bank here on Monday to spread safety messages among investors.
Govt’s coal mines auction gets huge response as 40 offline bids come in
New Delhi, Feb 19 - The Ministry of Coal on Monday said that it has received an overwhelming response for the coal mines offered under the 9th round of commercial auctions with as many 40 bids coming in offline form.
Agro experts see Neem as a forestry plantation option for India
New Delhi, Feb 19 - The two-day Neem Summit & Global Neem Trade Fair that started here on Monday has identified neem as a plantation forestry option which would sustain the raw material requirements of industry.
Sonowal to throw open inland waterway projects worth Rs 254 crore in North-East
New Delhi, Feb 19 - In a significant push towards revitalising the Inland Water Transport (IWT) sector and bolstering connectivity in the North Eastern Region, Minister of Ports, Shipping, and Waterways Sarbananda Sonowal will inaugurate key projects worth more than Rs 254 crore