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.
Aviation minister inaugurates Dehradun and Pithoragarh UDAN flight
New Delhi, Jan 30 - Union Minister of Civil Aviation, Jyotiraditya Scindia, on Tuesday virtually inaugurated an UDAN flight connecting Dehradun and Pithoragarh.
Zee shares up 5% amid reports of arbitration hearing in Singapore
Mumbai, Jan 30 - Zee Entertainment shares jumped more than 5 per cent on Tuesday amid reports of an emergency arbitration hearing of its terminated merger with the Sony Group in Singapore.
Gadkari rolls out highway projects worth Rs 2,367 crore in MP
New Delhi, Jan 30 - Minister of Road Transport and Highways Nitin Gadkari on Tuesday inaugurated and laid the foundation stone of nine national highway projects worth Rs 2,367 crore covering a total length of 225 km in Madhya Pradesh’s Jabalpur district.
US authority fines Infosys $225 for violating short payment of tax
Bengaluru, Jan 30 - The Nevada Department of Taxation in the US has been slapped a fine of $225 for alleged violation of short payment of modified business tax for two quarters.
Bajaj Finserv to acquire Vidal Healthcare Services, subsidiaries, associate company for Rs 325 crore
Chennai, Jan 30 - Bajaj Finserv Health Ltd (BFS-Health), a wholly-owned subsidiary of Bajaj Finserv Ltd, on Tuesday announced signing of share purchase agreement for acquisition of 100 per cent stake in Vidal Healthcare Services Private Ltd (VHC) and its subsidiaries and an
India’s M&A deal activity maintains long-term momentum, mid-market in focus
New Delhi, Jan 30 - India's strategic merger and acquisition (M&A) deal activity in 2023 maintained its long-term momentum, with deal volumes surpassing levels seen over the past 10 years, apart from the exceptional record year of 2022, a report showed on Tuesday.
TVS ILP to develop logistics, warehousing park in Goa
Chennai, Jan 30 - TVS Industrial and Logistical Parks (TVS ILP) on Tuesday announced signing of MoU with the Goa Investment Promotion & Facilitation Board (Goa-IPB) for the development of logistics and warehousing park in the Verna Industrial Estate.
Competitive intensity lower for upcoming projects
Mumbai, Jan 30 - Adani Energy Solutions (AESL) feels that the competitive intensity for the Tariff Based Competitive Bidding (TBCB) based projects -- worth Rs 1.1 lakh crore in pipeline -- has ebbed significantly.