Crisis-hit Chinese property giant Evergrande ordered to liquidate
Hong Kong, Jan 29 - Debt-laden Chinese property giant Evergrande has been ordered to liquidate by a court in Hong Kong, a media report said.
Nifty records biggest single-day gain since Dec 4
Mumbai, Jan 29 - Nifty ended the first day of the week with its biggest single-day gain since December 4 with heavyweight Reliance Industries contributing the most to the gains, Deepak Jasani, Head Retail Research at HDFC Securities, said on Tuesday.
DefSat conference to be held on Feb 7 in Delhi
Chennai, Jan 29 - DefSat Conference will be held at the Manekshaw Centre in New Delhi from February 7 to 9 while key industry stakeholders, policy makers, officials from the armed forces, diplomats, technology innovators and others are expected to attend the event.
Jaishankar opens IHCL hospitality skill centre in Gujarat
Ahmedabad, Jan 29 - Aiming at enhancing the hospitality sector in Gujarat's Ekta Nagar, External Affairs Minister S Jaishankar inaugurated the Indian Hotels Company Limited (IHCL) Skill Centre.
Byju’s aims to raise $200 mn via rights issue at drastic valuation cut
New Delhi, Jan 29 - Think and Learn Private Limited (TLPL), the parent company of Byju’s, on Monday announced to raise $200 million by way of a rights issue to all its equity shareholders, in its bid to achieve operational sustainability.
Samsung to make Galaxy AI available on 100 mn devices this year: TM Roh
New Delhi, Jan 29 - Samsung will make its ‘Galaxy AI’ available across 100 million mobile devices this year, as customers are eager to try new technologies and AI is no exception, TM Roh, President and Head of Mobile eXperience (MX) Business at
Markets bounce back on Reliance Industries surge
New Delhi, Jan 29 - Markets have bounced back strongly after the last two weeks of correction on the back on Reliance Industries which has recorded more than 5% gains in the day so far, says Rahul Sharma , Director, Head - Technical
iPhones grow 28% to grab over 6% market share in India in 2023
New Delhi, Jan 29 - Riding on the premiumisation trend in India, iPhones grew 28 per cent from 4 per cent market share in 2022 to more than 6 per cent in 2023, according to latest industry data.
realme will continue to strengthen its roots in India market: Top executive
Colombo, Jan 29 - Global consumer electronics brand realme, which has significantly made its mark in the Indian market over the past five years, will continue to strengthen its roots in the domestic market, a top company executive has said.
Rolls-Royce inks pact with Azad Engineering for making complex defence aero-engine components in India
New Delhi, Jan 29 - Rolls-Royce has announced the signing of a long-term agreement with Azad Engineering to manufacture and supply complex components for defence aircraft engines.
Satya Nadella to visit India in Feb, discuss new opportunities with AI
New Delhi, Jan 29 - Microsoft Chairman and CEO Satya Nadella will visit India on February 7 and 8 as part of his annual visit to the country and might meet AI startups and discuss new opportunities with AI.
Retail loans surge as RBI seeks to stem possible risks
New Delhi, Jan 29 - Indian commercial banks' retail lending has risen faster than loans to large businesses since the COVID-19 pandemic, S&P Global Market Intelligence data showed, underscoring the central bank's concerns about unsecured loans.
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.