Samsung Chairman Lee acquitted in controversial 2015 merger case
Seoul, Feb 5 - A Seoul court acquitted Samsung Electronics Chairman Lee Jae-yong on Monday in connection with the controversial 2015 merger of two Samsung affiliates allegedly conducted to help him take over control of South Korea's biggest conglomerate.
In Jan, FIIs posted highest outflows since Feb 2023 at $3.1bn
New Delhi, Feb 5 - Over the last 12 months, mid-caps and small-caps have gained 58 per cent and 69 per cent, respectively, while large-caps have risen 23 per cent, as per a research by Motilal Oswal Financial Services.
India’s services sector PMI surges to 6-month high
New Delhi, Feb 5 - Growth in India’s services sector rose to a 6-month high in January on the back of a higher demand and better outlook ahead, according to an HSBC report released on Monday.
Paytm shares down at lower circuit of 10%
New Delhi, Feb 5 - Paytm shares are locked in lower circuit of 10 per cent on BSE.
LIC Housing to focus on affordable housing segment, take a call on project finance in FY25
Chennai, Feb 5 - Completing internal rejig, migrating to a new information technology (IT) platform and focusing on the affordable housing segment, LIC Housing Finance Ltd hopes to increase its loan book size by 15 per cent next fiscal, said a top company
Tata Motors jumps 7% after results
New Delhi, Feb 5 - The global construct for equity markets continues to be good with the US doing well aided by a surprisingly strong economy, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Board members aware of Musk’s drug use, friends told him to go to rehab: Report
San Francisco, Feb 5 - Some board members at Tesla and SpaceX are aware of the "use of illegal drugs" by Elon Musk and regularly do drugs with him, "because they think refraining could upset the billionaire, who has made them a lot
Emergency Arbitrator denies Sony’s application against Zee
New Delhi, Feb 4 - The Singapore International Arbitration Centre (SIAC) has denied the application for emergency interim relief filed by Sony against Zee Entertainment.
Apple plans to buy AI startup to strengthen its Vision Pro: Report
San Francisco, Feb 4 - Apple is planning to acquire a German AI startup -- Brighter AI, specialising in anonymising face and licence plate data, a media report has said.
3 indigenously-developed tech transferred to 12 industries in India
New Delhi, Feb 4 - Three indigenously-developed technologies -- thermal camera, CMOS camera, and Fleet Management System -- were transferred to 12 industries in India on Sunday.
Spacetech startup raises $15.5 mn to harvest natural resources from Moon
San Francisco, Feb 4 - Interlune, a spacetech startup led by former Blue Origin leaders, has quietly raised $15.5 million in new funding and aims to close another $2 million, according to its filing with the US Securities and Exchange Commission (SEC).
Hyundai, Kia’s EV sales surpass 1.5 mn units
Seoul, Feb 4 - South Korea's Hyundai Motor and its smaller affiliate Kia on Sunday said their combined electric vehicle sales exceeded 1.5 million units as of December, 12 years after Hyundai debuted its first EV model.
Reliance wins IFR Asia’s ‘Issuer of the Year’ award for record fourth time
New Delhi, Feb 3 - Reliance Industries Limited has been conferred with the IFR Asia’s ‘Issuer of the Year’ award for 2023 for achieving most optimal pricing for super-sized funding deals while overcoming multiple market challenges.
Hyundai Motor India showcases ‘Mobility for All’ at Bharat Mobility Global Expo 2024
New Delhi, Feb 3 - Hyundai Motor India Ltd. showcased its technologically-advanced products at the first ever Bharat Mobility Global Expo 2024. Based on the theme 'Mobility for All', the Hyundai Motor India Pavilion in Hall No. 6, Pragati Maidan, presented the company’s
Delhi Airport’s re-carpeted runway becomes operational: DIAL
New Delhi, Feb 3 - The GMR-led Delhi International Airport Limited (DIAL) on Saturday announced the completion of the re-carpeting and refurbishment work of Runway 10/28 (RWY 10/28 - also known as the second runway).
Global banks face mounting losses on lending to troubled US commercial property sector
London, Feb 3 - Nearly a year on from a banking crisis that led to the collapse of three US regional lenders and the emergency takeover of Credit Suisse in Europe, a fresh chill is running through banks as far apart as New
India a silver lining is 5G era as Ericsson, Nokia, Samsung report revenue slump
New Delhi, Feb 3 - Marking 5G era’s first record low year, Ericsson, Nokia and Samsung each announced a drop in overall 2023 sales in their earnings calls, citing macroeconomic challenges and a shrinking mobile network infrastructure market, as well as lower spending
India’s first solar-powered village in Gujarat a template for country to follow
Modhera, Feb 3 - A unique blend of tradition and modernity, the hamlet of Modhera, nestled in the heart of Gujarat, has carved its name in history by becoming India's first solar-powered village.
Solar lights for Chamunda trail in HP; solar fencing for farmers to bar strays
Shimla, Feb 3 - The Himalayan state of Himachal Pradesh, where farming communities are vulnerable to the effects of climate change, is focusing on a renewable energy transition -- the path to keep 1.5 degrees Celsius in reach.
Govt banks on big-ticket infra projects to put economy on growth track
New Delhi, Feb 3 - Big ticket infrastructure projects in the highways, railways and ports sector will continue to drive growth in the Indian economy as the government has stepped up the outlay for these investments in the interim budget for 2024-25.