Indian EV startup BluSmart raises $25 mn
New Delhi, Jan 29 - Switzerland-based impact investor responsAbility on Monday announced that it will invest up to $25 million in EV ride-hailing and charging provider BluSmart, as part of its $500 million climate investment strategy.
O.P. Jindal Global University sets up new Jindal India Institute to build India’s soft power globally
Sonipat, Jan 29 - O.P. Jindal Global University (JGU), based in Haryana's Sonipat, has launched a unique, one-of-its-kind Jindal India Institute (JII).
US debt stands at a staggering $34 trillion
New Delhi, Jan 28 - The US’ mounting debt structure currently stands at a staggering $34 trillion, according to usdebtclock, Cryptoslate reported.
After Tesla’s stock slide, Magnificent Seven face tests to keep market’s throne
New York, Jan 28 - Tech behemoths will face their next test to keep the market’s throne this week, after a bleak quarter from Tesla sent its stock sliding, media reported
US firm signs agreement to build resort in Ayodhya
Lucknow, Jan 28 - The Uttar Pradesh Tourism Department has signed an agreement with the American firm M/s Anjali Investment LLC for the construction of a 100-room resort in Ayodhya.
Bernard Arnault returns as world’s richest man as Musk loses $18 bn
San Francisco, Jan 28 - Bernard Arnault, chairman and CEO of global luxury goods company LVMH, has returned as world’s richest man as Elon Musk lost more than $18 billion in his net worth after Tesla stock nosedived last week, wiping over $73
Generative AI can adversely impact our operations: Netflix
San Francisco, Jan 28 - Netflix has sounded threat over generative AI, saying such technologies can adversely impact its operations and its ability to compete effectively with other companies.
Cheap and idle money moving out of banking system and chasing returns
New Delhi, Jan 28 - Indians have generally been savers and debt on personal balance sheets have generally been restricted to housing debt, vehicle loan or credit cards.
Freight through Suez Canal almost halved after Houthi attacks
London, Jan 28 - Freight travelling through the Suez Canal has almost halved since Yemen's Houthi rebels began attacking cargo ships in the Red Sea, Sky News reported.
MacKenzie Scott sold Amazon shares worth over $10 bn over last year
New York, Jan 27 - MacKenzie Scott continues to sell billions of dollars in Amazon stock, the media reported.
Govt puts development of 68 km Ayodhya bypass on fast track
New Delhi, Jan 27 - The government has put the development of the 68 km greenfield Ayodhya bypass project on the fast track to decongest the holy city and facilitate economic, social and logistics connectivity across multiple districts in the region.
Flipkart co-founder Binny Bansal officially exits board
New Delhi, Jan 27 - Flipkart co-founder Binny Bansal has officially exited the e-commerce platform's board after more than 16 years. Sachin Bansal, the other co-founder, left the board in 2018.
Growth in banks’ credit surpassing deposits: RBI
Mumbai, Jan 27 - The gap between credit and deposit growth of banks as of the first fortnight of January 2024 has widened compared to the last fortnight of September 2023, according to the latest RBI data.
Yes Bank posts 4-fold jump in net profit for Oct-Dec quarter
Mumbai, Jan 27 - Private sector lender Yes Bank on Saturday reported an over 4-fold jump in net profit to Rs 231.6 crore for the Oct-Dec quarter of the current financial year.
Akasa Air orders 300 CFM LEAP-1B engines to power 150 Boeing 737 MAX airplanes
New Delhi, Jan 26 - In conjunction with the state visit of the French President Emmanuel Macron to India, Akasa Air and France origin company, CFM International on Friday announced an agreement to purchase CFM LEAP-1B engines to power 150 Boeing 737 MAX
Krutrim becomes India’s 1st AI unicorn with latest funding
New Delhi, Jan 26 - Homegrown AI company Krutrim on Friday became the country's fastest unicorn and also the first AI unicorn in the country, after it closed its first round of funding.
OpenAI CEO Sam Altman visits S.Korea to meet chip leaders
Seoul, Jan 26 - Sam Altman, CEO of US artificial intelligence company OpenAI, has visited South Korea to discuss ways to set up a global network for artificial intelligence (AI) chip manufacturing with key chipmakers here, industry sources said on Friday.
Tesla shares plunge to wipe out $73 billion in market value
London, Jan 26 - Shares in Tesla plunged as much as 11 per cent after the market opened, wiping $73 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an existential threat from Chinese
Paytm Republic Day Festival offer: Get cashback of up to Rs 500, win an iPhone 15
New Delhi, Jan 26 - One97 Communications Limited (OCL), that owns the leading payments and financial services company Paytm, on Friday announced an offer with the theme, titled 'Paytm Republic Day Festival'.
Intel reports $15.4 bn in revenue in Q4, profit reaches $2.66 bn
New Delhi, Jan 26 - Chip-maker Intel has registered $15.4 billion in revenue in its fourth quarter (Q4) of 2023, up 10 per cent year-over-year (YoY).