US Fed keeps interest rate unchanged
Washington, Feb 1 - The US Federal Reserve Bank has kept the interest rate unchanged for the fourth consecutive time after its customary two-day meeting, saying the "economic outlook is uncertain" despite the economy was "expanding at a solid pace".
L&T shares slump over 4% on lower than expected margins
New Delhi, Jan 31 - Larsen & Toubro shares slumped over 4 per cent on Wednesday after the company missed profit estimates due to lower than expected margins.
India’s demand for gold dips amid soaring prices: WGC report
Mumbai, Jan 31 - India’s gold demand fell 3% in 2023 to 747.5 tonnes, which is the lowest since 2020, as soaring prices reduced the demand for jewellery, according to a World Gold Council report released on Wednesday.
Import duty cut to make mobile manufacturing competitive: ICEA
New Delhi, Jan 31 - The India Cellular and Electronics Association (ICEA), the nation's top electronics manufacturing industry body, on Wednesday said the move by the government to slash import duty on parts used for manufacturing of mobile phones to 10 per cent
PhonePe’s Indus Appstore, Startup India join hands to launch Indus Appstore Emerging Startup Awards
New Delhi, Jan 31 - PhonePe's Indus Appstore, in collaboration with Startup India, on Wednesday announced the launch of the Indus Appstore Emerging Startup Awards.
Applying AI at scale, infusing AI across our tech stack: Satya Nadella
New Delhi, Jan 31 - Microsoft is integrating the power of AI across the entire data and tech stack, seeing increased usage from AI-first start-ups and some of the world's largest companies, the company's Chairman and CEO Satya Nadella has said.
‘Made in India’ Samsung Galaxy S24 series goes on sale
New Delhi, Jan 31 - Samsung on Wednesday announced that its recently launched flagship smartphone series -- Galaxy S24, is now available to buy in India.
Govt appoints 4 members of 16th Finance Commission
New Delhi, Jan 31 - The Government on Wednesday appointed four members to the 16th Finance Commission which was constituted on December 31, 2023 with Arvind Panagariya, former Vice-Chairman of the NITI Aayog, as its Chairman.
Zooom airline returns to Indian skies, launches services to Ayodhya
New Delhi, Jan 31 - Reviving its operations, the domestic carrier Zooom airline started its operations with flight services from Delhi to Ayodhya on Wednesday.
Air India pilots allege safety compromises, unions accuse airline of flouting flight duty time limits
New Delhi, Jan 30 - Pilots' unions at Air India have lodged a complaint with aviation regulator, Directorate General of Civil Aviation (DGCA) that that the airline is failing to adhere to flight duty time limitations (FDTL).
Microsoft posts 33% increase in net income, gaming bet pays off
San Francisco, Jan 31 - Microsoft posted $62 billion in revenue and a net income of $21.9 billion during the quarter that ended December 31. Revenue was up 18 per cent and net income increased by 33 per cent.
Sunil Wadhwani gifts Rs 110 cr to IIT Madras for data science & AI school
Chennai, Jan 30 - Entrepreneur and philanthropist Sunil Wadhwani, an alumnus of the Indian Institute of Technology (IIT) Madras, on Tuesday made an endowment of Rs 110 crore towards setting up the Wadhwani School of Data Science and Artificial Intelligence at the institution.
Centre slashes import duty on mobile phone parts to 10%
New Delhi, Jan 31 - In a bid to further boost mobile manufacturing in the country, the government has slashed import duty on parts used for manufacturing of mobile phones to 10 per cent from 15 per cent.
Google posts $307 bn revenue in 2023, spent billions of dollars to lay people off
San Francisco, Jan 31 - Google, which spent $2.1 billion on severance and other expenses as it laid off more than 12,000 employees last year, will spend another $700 million on employee severance charges for the first quarter of this year.
New road projects will make MP industrial & agricultural hub: Gadkari
Bhopal, Jan 30 - Union Minister for Road Transport and Highways Nitin Gadkari on Tuesday laid the foundation for 15 National Highway road projects measuring 499 km and worth Rs 8,038 crore for Madhya Pradesh.
Kore.ai raises $150 mn to drive AI-powered experiences for customers
New Delhi, Jan 30 - Enterprise conversational and generative AI technology provider Kore.ai on Tuesday announced $150 million in funding led by FTV Capital, a sector-focused growth equity investor.
Telangana CM congratulates Foxconn Chairman for Padma award
Hyderabad, Jan 30 - Telangana Chief Minister A. Revanth Reddy has congratulated Young Liu, Chief Executive Officer and Chairman, Hon Hai Technology Group (Foxconn) on being bestowed with the Padma Bhushan.
Indian Oil posts big jump in net profit at Rs 8,063 cr for Q3
New Delhi, Jan 30 - Indian Oil Corporation (IOC) on Wednesday announced a massive jump in net profit for the third quarter of FY 2023-24 to Rs 8,063 crore from the corresponding figures of Rs 448 crore in the same quarter of FY
IMF forecasts ‘soft landing’ for global economy, upgrades India
Washington, Jan 30 - The International Monetary Fund (IMF) on Tuesday forecast a "soft landing" for the global economy hammered in recent years by a deadly pandemic, skyrocketing inflation and high interest rates, and protracted wars.
RBI releasing Rs 5,000 crore to ease liquidity for primary dealers
Mumbai, Jan 30 - The Reserve Bank of India (RBI) announced on Tuesday that it has decided to make an additional amount of Rs 5,000 crore available to the Standalone Primary Dealers (SPDs) under the Standing Liquidity Facility.