Chinese stocks stage their biggest rally in years
Hong Kong, Feb 6 - Chinese stocks staged their biggest rally in years on Tuesday, after the country’s sovereign wealth fund said it would step up buying shares as officials scramble to draw a line under a three-year market rout, a media report
RBI-MPC to continue with repo rate
Chennai, Feb 6 - Considering the elevated inflation rate the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will continue with the 6.5 per cent repo rate, said senior economists.
TCS market capitalisation crosses Rs 15 lakh crore
New Delhi, Feb 6 - The market capitalisation of India’s second most valuable company, Tata Consultancy Services (TCS) crossed the Rs 15 lakh crore mark on Tuesday.
Global 6G connections to reach 290 mn but operators must solve network interference: Report
New Delhi, Feb 6 - Global 6G connections are likely to reach 290 million in the first two years of service but operators must solve network interference problems arising from the use of high-frequency spectrum, a report said on Tuesday.
Paytm denies being in talks with Jio Financial Services to sell wallet business
New Delhi, Feb 6 - Jio Financial Services has clarified that the company has not been in discussions to acquire Paytm wallet.
Bengaluru-based EV startup River raises Rs 335 cr led by Yamaha Motor
New Delhi, Feb 6 - Bengaluru-based EV startup River on Tuesday said it has raised $40 million (about Rs 335 crore) in a Series B round led by Yamaha Motor Co.
HDFC gets RBI nod to acquire 9.5% stake in IndusInd Bank
Mumbai, Feb 6 - The Reserve Bank of India (RBI) has approved HDFC Bank's proposal to acquire an up to 9.5 per cent stake in IndusInd Bank.
Microsoft partners news website Semafor for AI-assisted stories
San Francisco, Feb 6 - Microsoft has announced its partnership with media platform Semafor and other news organisations to help journalists work with generative artificial intelligence (AI) to produce content.
Google to face antitrust trial over ad tech monopoly in US
San Francisco, Feb 6 - Google will face another antitrust trial in the US, this time over its ad tech policies. The ad tech trial will begin in the US state of Virginia from September 9.
Snapchat’s parent company lays off 10% of global full-time workforce
New Delhi, Feb 5 - Snap, the parent company of Snapchat, on Monday announced to lay off approximately 10 per cent of its global full-time employees.
Zuckerberg overtakes Bill Gates, becomes fourth richest person in the world
New York, Feb 5 - Meta Platforms CEO Mark Zuckerberg is now the fourth richest person in the world following a surge in Meta’s share price that has increased his net worth more than any other individual this year, a report said.
Ashok Leyland posts 60% rise in Q3 net profit at Rs 580 crore
New Delhi, Feb 5 - Heavy vehicle manufacturer Ashok Leyland on Monday reported a 60 per cent increase in its standalone net profit at Rs 580 crore for the October-December quarter of the current financial year (FY 2023-24).
OECD raises India’s growth outlook for 2024 to 6.2%
New Delhi, Feb 5 - The Organisation for Economic Co-operation and Development (OECD) has raised India's growth outlook for 2024 to 6.2 per cent in its latest interim economic outlook released on Monday.
Adani Total Gas inks pact with INOXCVA to strengthen LNG ecosystem in India
Ahmedabad, Feb 5 - Adani Total Gas Ltd (ATGL), India's leading city gas distribution company and INOX India Ltd (INOXCVA), one of the world's leading cryogenic liquid storage, have joined hands for boosting the LNG ecosystem in the country.
Govt moving to one regulator system for food safety certification
New Delhi, Feb 5 - In a move that would facilitate ease of doing business through the concept of 'One Nation, One Commodity, One Regulator', the Food Safety and Standards Authority of India (FSSAI) has approved various amendments to streamline food safety and
Vice Prez Dhankhar to inaugurate World Sustainable Development Summit
New Delhi, Feb 5 - The World Sustainable Development Summit (WSDS) will be inaugurated by Vice-President Jagdeep Dhankhar on Tuesday here, an official said on Monday.
Govt rakes in Rs 600 crore as penalties from taxpayers’ delay in PAN-Aadhar link
New Delhi, Feb 5 - The government has collected over Rs 600 crore as penalties from persons who failed to meet the deadline for linking their PAN with their Aadhaar card, the Parliament was told on Monday.
India well positioned to use AI to make software development more productive: Google
New Delhi, Feb 5 - India is well positioned to use artificial intelligence (AI) to make software development more productive in the country, Google said in a blogpost on Monday.
Adani Electricity taps in sunshine, wind & AI to reduce Mumbaikars’ power bills
Mumbai, Feb 5 - The Adani Electricity Mumbai Ltd is in its endeavour to ease the consumers' power-related woes in Mumbai is making good use of abundant bright sunshine, free-flowing winds all while incorporating 'Artificial Intelligence' to reduce the power bills of the
Interim J&K budget presented in Parliament
Srinagar, Feb 5 - Finance Minister Nirmala Sithraman on Monday presented the Jammu and Kashmir Interim Budget 2024 and revised estimates of J&K for the current fiscal in the Parliament.