Foxconn partners HCL Group to start chip packaging in India, invest $37.2 mn: Report
New Delhi, Jan 17 - Taiwanese contract manufacturing giant Foxconn has said that it is teaming up with HCL Group to start a chip packaging and testing venture in India, a media report said on Wednesday.
Asian Paints posts 35% rise in net profit in Oct-Dec quarter
Mumbai, Jan 17 - Asian Paints, the country’s largest paintmaker, on Wednesday reported a 35 per cent jump in consolidated net profit to Rs 1,447.72 crore for the October-December quarter of the current financial year on the back of strong sales in the
Nosedive correction in banking stocks impacts market sentiment
New Delhi, Jan 17 - Markets took a turn on Wednesday with Nifty bank falling 4 per cent as HDFC bank share price slipped 7 per cent on concerns around slowdown in deposit growth, Jaykrishna Gandhi, Head - Business Development, Institutional Equities, Emkay
Economists optimistic about 2024 as Fed reserve wins war over inflation
Washington, Jan 17 - Economists are confident that the US economy will turn around in 2024 as the federal reserve appears cheerful as it has won the war on inflation which was largely around 2.7 per cent against the targeted 2.0 per cent.
Google updates Chrome’s incognito disclaimer after settling $5 bn lawsuit
San Francisco, Jan 17 - Google has updated Chrome's incognito mode disclaimer in the experimental Canary channel after it agreed to pay $5 billion for settlement over tracking users’ activity in incognito mode.
JSW Energy to set up 1,500 MW Pumped Storage Project in Telangana
Hyderabad, Jan 17 - JSW Neo Energy, a subsidiary of JSW Energy, has announced setting up of a Pumped Storage Project in Telangana, with an investment of Rs 9,000 crore.
Domestic equities plunge 2 per cent
New Delhi, Jan 17 - Domestic equities plunged 2 per cent amid a weak environment globally and a selloff in HDFC Bank,Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, said.
Google Pay India joins NPCI International to expand UPI payments globally
New Delhi, Jan 17 - Google India Digital Services Out Ltd on Wednesday signed a memorandum of understanding (MoU) with the NPCI International Payments Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), to expand the transformative impact of
Closing women’s health gap can boost global economy by $1 trn annually: WEF
Davos, Jan 17 - Closing women’s health gap can help more women to live healthier, higher-quality lives, and provide an unprecedented boost to the global economy by $1 trillion annually by 2024, according to a new World Economic Forum (WEF) report released on
Hyundai Motor sells one of its plants in China for around $221 mn
Seoul, Jan 17 - South Korea's top carmaker Hyundai Motor has sold one of its plants in China as part of a business reorganisation strategy in the world's biggest auto market.
Lufthansa launches direct flight from Hyderabad to Frankfurt
Hyderabad, Jan 17 - GMR Hyderabad International Airport Ltd, in partnership with Lufthansa Airlines on Wednesday announced the launch of direct flights to Frankfurt, Germany.
Sensex plunges more than 1,600 points led by HDFC Bank
New Delhi, Jan 17 - Markets have slumped further with the BSE Sensex now plunging more than 1,600 points in afternoon trade on Wednesday.
UP to host ‘Pharma Conclave’ in Hyderabad on Jan 18
Lucknow, Jan 17 - The Uttar Pradesh Government will be organising a ‘Pharma Conclave’ in Hyderabad on Thursday.
Centre to notify strict IT rules soon to tackle deepfake issue: Rajeev Chandrasekhar
New Delhi, Jan 17 - As compliance with the advisory on deepfakes has been mixed from social media and online platforms, Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar has said that strict IT rules are likely to be notified
RBI not thinking of moving towards de-dollarization: Governor Das
Davos, Jan 17 - Reserve Bank of India (RBI) Governor Shaktikanta Das said that it is incorrect to say that there was a move towards de-dollarisation as the efforts of the central bank towards internationalisation of the rupee are not aimed at replacing
88% Indian professionals considering new jobs in 2024: Report
New Delhi, Jan 17 - Nearly nine in 10 (88 per cent) professionals in India are considering a new job in 2024 despite economic uncertainty, a new report revealed on Wednesday.
Adani Group to invest Rs 12,400 crore in Telangana
Hyderabad, Jan 17 - Adani Group has announced an investment worth Rs 12,400 crore in Telangana across multiple businesses, the Telangana government said on Wednesday.
Apple opens new office in India, to house up to 1,200 employees
Bengaluru, Jan 17 - Apple on Wednesday announced to expand its footprint in India with opening a new office in the heart of Bengaluru, as the iPhone maker cements its position in the country with ramping up local manufacturing.
Maha inks MoU in Davos for $3 bn green ammonia plant
Mumbai, Jan 17 - The Maharashtra government has signed a MoU with INOX Air Products group in Davos to set up a mega-plant to produce green ammonia in the state, an official said here on Tuesday.
Chip design firm Synopsys to acquire graphics software maker Ansys for $35 bn
San Francisco, Jan 16 - Chip design and software company Synopsys on Tuesday announced to acquire product design software firm Ansys for $35 billion in a cash-and-stock deal.