Samsung chairman emphasises on rolling out ‘bold’ investment
Seoul, Feb 12 - Samsung Electronics Chairman Lee Jae-yong has emphasised the importance of "bold" investments during a visit to Samsung SDI's battery production line in Malaysia, the company said on Monday.=
US-based fintech Formidium opens new office in India, to hire 40-50
New Delhi, Feb 12 - US-based fintech company Formidium on Monday said that it has opened a new office in India and plans to hire over 40-50 employees for different roles in the next three years.
Centre tells states to meet guidelines for ensuring adequate power to consumers
New Delhi, Feb 12 - Union Ministry of Power has sent a detailed letter to all states and union territories for adherence to “Resource Adequacy Guidelines” in order to ensure adequate growth in the nation’s power capacity in line with the rapidly growing
Govt announces National Creator’s Awards for new-age influencers
New Delhi, Feb 12 - The government has announced the ‘National Creators Award’ to recognise new-age influencers and creators and celebrate India’s digital creator economy.
Microsoft ends week with $3.125 tn MCap, becomes most valuable company ever
New York, Feb 10 - Microsoft ended the week with a market capitalisation of $3.125 trillion, the highest for any company ever, Barron’s reported.
Assam Budget to be presented today
Guwahati, Feb 12 - The Assam Budget for 2024-25 financial year is scheduled to be tabled Monday by Finance Minister Ajanta Neog in the Assam Assembly.
Musk plans to shift 1 mn people to Mars
New Delhi, Feb 11 - Billionaire Elon Musk on Sunday announced plans to shift one million people to Mars.
Divi’s Lab posts 17% rise in Q3 net profit to Rs 358 crore
Mumbai, Feb 10 - Pharma major Divi's Laboratories on Saturday reported a 17 per cent increase in its consolidated net profit to Rs 358 crore for the October-December quarter of the current financial year compared to the corresponding figure of Rs 306 crore
Microsoft ends week with $3.125 tn MCap, becomes most valuable company ever
New York, Feb 10 - Microsoft ended the week with a market capitalisation of $3.125 trillion, the highest for any company ever, Barron’s reported.
German chemicals firm BASF to withdraw from Xinjiang after Uyghur abuse claims
London, Feb 10 - The German chemicals producer BASF has said it will withdraw from its two joint ventures in Xinjiang, after reports about alleged human rights abuses relating to its partner company, which BASF’s CEO said crossed a red line, media reported.
$300 bn electronics production in few years a realistic, achievable target: IT Minister
New Delhi, Feb 10 - India has embarked on the journey to reach $300 billion electronics production, including $100 billion in exports, in the coming few years which is a realistic and achievable target for the government, Union Minister for Electronics and IT
Sovereign Gold Bonds to be issued from Feb 12-16
New Delhi, Feb 10 - Finance Ministry on Friday said that the Sovereign Gold Bonds 2023-24 (Series IV) will be opened for subscription during February 12-16, with settlement date as February 21.
US announces over $5 bn investment in chip-related R&D, skill development
Washington, Feb 10 - The Joe Biden-Kamala Harris administration has announced to invest over $5 billion in semiconductor-related research, development and workforce needs.
OpenAI generating 100 bn words per day: Sam Altman
New Delhi, Feb 10 - ChatGPT maker OpenAI is currently generating about 100 billion worlds per day, its Co-founder and CEO Sam Altman revealed on Saturday, as he seeks trillions of dollars to reshape the future of chips and artificial intelligence (AI).
Regularly monitoring compliances of intermediaries with new IT rules: MoS IT
New Delhi, Feb 9 - The government on Friday said it is regularly monitoring the compliances of intermediaries with the IT Rules, 2021 and the direction given in the latest advisory by the IT Ministry.
MRF logs Q3 PAT of Rs 508.02 cr, declares second interim dividend
Chennai, Feb 9 - Closing the third quarter with a net profit of Rs 508.02 crore, tyre major MRF Ltd has declared second interim dividend of Rs 3 per equity share.
Samsung Galaxy Book 4 series set to launch in India this month
New Delhi, Feb 9 - Samsung is all set to launch its Galaxy Book4 series of notebooks in India this month. Sources told IANS that Samsung will likely announce pre-bookings of its Galaxy Book4 series in the middle of February, and the new
India’s foreign exchange reserves jump by $5,7 bn
Mumbai, Feb 9 - India’s foreign exchange reserves jumped by $5.7 billion to $622.5 billion for the week ended February 2, RBI data released on Friday showed.
PhonePe to launch Indus Appstore in New Delhi on Feb 21
New Delhi, Feb 9 - PhonePe is set to launch the Indus Appstore consumer app on February 21 in the capital.
Centre to sign pact with TERI for institute for energy transition: R.K. Singh
New Delhi, Feb 9 - The Union Power Ministry intends to sign a memorandum of agreement with The Energy and Resources Institute (TERI) for setting up an institute for energy transition at TERI campus in Hyderabad, Union Power and New and Renewable Energy