Micron CEO Sanjay Mehrotra meets Telangana CM
Hyderabad, Jan 11 - Micron Technology President and CEO Sanjay Mehrotra met Telangana Chief Minister A. Revanth Reddy at the latter’s residence in Hyderabad on Thursday and discussed investment prospects in the state.
Microsoft overtakes Apple to become world’s most valuable company
London, Jan 11 - Microsoft has upstaged Apple to become the world’s biggest company by market value, as the boom in artificial intelligence brought a new twist to the decades-long rivalry between the two Big Tech groups, media reports said.
Google eliminates hundreds of jobs across hardware, engineering teams
San Francisco, Jan 11 - Google on Thursday confirmed it has cut several hundred jobs across hardware, core engineering and Google Assistant teams.
LIC receives Income Tax demand order of Rs 3,528 crore
New Delhi, Jan 11 - Life Insurance Corporation of India has received orders for Rs 3,528 crore from Income Tax authorities regarding Income Tax demand issued by Assistant Commissioner of Income Tax, Mumbai.
Oil prices rise following oil tanker hijacking in Gulf of Oman
New Delhi, Jan 11 - Tensions in the Middle Eastern shipping lanes continued to run high on Thursday amid reports of a hijacked oil tanker in the Gulf of Oman, which was boarded by masked individuals and forced to alter course toward Iran,
Polycab shares crash 21% amid tax row
Mumbai, Jan 11 - Shares of Polycab India crashed by 21 per cent on Thursday after the Income Tax Department’s statement that about Rs 1,000 crore in undisclosed sales had been detected in the recent raid on the wire and cables manufacturing company.
Rupee edges up against US dollar
Mumbai, Jan 11 - The rupee edged up by 2 paise vis-a-vis the US dollar to close at 83.01 on Thursday, making it the seventh consecutive day of gain for the Indian currency.
Vaishnaw confirms Tata Group’s semiconductor project in Gujarat
Ahmedabad, Jan 11 - Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, announced on Thursday that the Tata Group's upcoming investment in semiconductor fabrication in Gujarat is set to be substantial.
Haryana CM interacts with representatives of 10 companies from Japan, US
Gandhinagar, Jan 11 - Haryana Chief Minister Manohar Lal Khattar on Thursday held one-on-one discussions with representatives of about 10 major companies from Japan and the US, inviting them to invest in the state.
US aviation watchdog to probe Boeing’s quality control
Washington, Jan 12 - The US Federal Aviation Administration (FAA) has formally notified Boeing in a letter that it is conducting an investigation into the American aircraft maker's quality control after the January 5 Alaska Airlines in-flight blowout incident.
Govt cracking down on firms making false eco-friendly claims on products
New Delhi, Jan 11 - The Department of Consumer Affairs is preparing new guidelines to protect consumers from ads making fake environmental claims about products by using terms such as "eco-friendly", "green", "eco-consciousness", "good for the planet" without providing verifiable evidence.
US inflation climbs faster than expected in December
New York, Jan 11 - Inflation in the US rose more than expected in December thanks to a jump in energy and housing costs, underscoring the challenge of taming price pressures within the economy, reports said.
Netflix’s ad tier crosses over 23 mn monthly active users: Report
San Francisco, Jan 11 - Streaming giant Netflix is witnessing strong growth of its advertising-based plan, as the president of advertising, Amy Reinhard, said that the platform has recently crossed more than 23 million global monthly active users, the media reported.
GIFT city has emerged as financial powerhouse: Sitharaman at Vibrant Gujarat Summit
Ahmedabad, Jan 11 - During the second day of the ‘Vibrant Gujarat Global Summit’, Finance Minister Nirmala Sitharaman delivered an overview of Gujarat International Finance Tec-City's (GIFT City) financial ecosystem.
Spot Bitcoin ETFs may follow the footstep of gold ETFs in long run: Experts
New Delhi, Jan 11 - The approval of spot Bitcoin exchange-traded funds (ETFs) in the US not only symbolises a maturing market but also signifies support from regulatory authorities, industry experts said on Thursday.
RIL market cap crosses Rs 18 lakh crore
New Delhi, Jan 11 - Reliance Industries' market capitalisation crossed Rs 18 lakh crore on Thursday as the stock hit a record high.
TCS posts higher profit in Q3, declares interim & special dividend of Rs 27
Chennai, Jan 11 - Software major Tata Consultancy Services Ltd (TCS) on Thursday said that it closed the third quarter of FY24 with higher net profit of Rs11,097 crore.
Infosys closes Q3 with lower profit at Rs.6,113 crore
Chennai, Jan 11 - Software major Infosys Ltd closed the third quarter of FY24 with a consolidated net profit of Rs.6,113 crore, which is 7.2 per cent lower than what it earned for the corresponding quarter of the previous year.
Homegrown social commerce platform DealShare appoints new CEO
New Delhi, Jan 11 - Homegrown social commerce unicorn DealShare on Thursday announced to appoint Kamaldeep Singh as the new CEO of the company.
Ola Electric sold over 8K e-scooters to its parent firm till Dec 2023: Report
New Delhi, Jan 11 - Bhavish Aggarwal-led Ola Electric reportedly sold more than 8,200 scooters to its parent company ANI Technologies till December 2023, which plans to launch and expand its electric bike taxi service in several Indian cities, a media report has