S.Korea’s air traffic at over 80% of pre-Covid levels in 2023
Seoul, Jan 11 - South Korea's air traffic recovered to over 80 per cent of pre- pandemic levels last year on unleashed pent-up demand for travel following years of Covid-19 virus curbs, the Transport Ministry said on Thursday.
World Bank forecasts Sri Lankan economy to grow 1.7% in 2024
Colombo, Jan 10 -The World Bank forecasts the Sri Lankan economy to grow by 1.7 per cent in 2024 and by 2.4 per cent in 2025, according to its report on global economic prospects issued on Wednesday.
Samsung’s Lee visits 6G mobile research lab in year’s first public schedule
Seoul, Jan 10 - Samsung Electronics Chairman Lee Jae-yong on Wednesday visited a research laboratory for sixth-generation mobile technology, marking his first public schedule this year, the company said.
Malaysia’s Nov 2023 unemployment rate returns to pre-Covid level
Kuala Lumpur, Jan 10 - Malaysia's unemployment rate in November 2023 fell to 3.3 per cent and returned to the pre-Covid pandemic level, registering 569,200 unemployed people, official data showed on Wednesday.
BEL to provide equipment to armed forces in integrated manner: Defence Secretary
New Delhi, Jan 10 - Defence Secretary Giridhar Aramane on Wednesday said that efforts are being made that Bharat Electronics Limited (BEL) should play an important role in ensuring that the equipment is provided to armed forces and Indian Coast Guard in an
Australian inflation falls to near 2-year low
Canberra, Jan 10 - Australia's rate of inflation has fallen to its lowest level in almost two years, official data revealed on Wednesday.
India needs to lower tariffs on smartphone components to pip China, Vietnam: ICEA
New Delhi, Jan 10 - High tariffs on smartphone components can make India a less competitive destination, making it difficult for companies to join global value chains (GVCs) and simultaneously discourage GVCs from shifting large-scale production to the country, a report showed on
Hyundai Motor unveils prototype of new electric air taxi
Seoul, Jan 10 - Hyundai Motor Group has unveiled the prototype of its new air taxi model at the global technology show ‘CES 2024’, company officials said on Wednesday, as it steps up efforts to make inroads into the global electric flying taxi
Domestic air passengers stood at 138 lakh in Dec, 2023: ICRA
Chennai, Jan 10 - Credit rating agency ICRA on Wednesday said its outlook on the Indian aviation industry is stable on the back of the fast-paced recovery in domestic passenger traffic in FY2023 and nine month FY2024, and expectations of the trend continuing
Zomato introduces daily payouts for restaurant partners
New Delhi, Jan 10 - Online food delivery platform Zomato on Wednesday introduced a new feature called "daily payouts" to support emerging restaurant partners.
Consumer spending on mobile apps hits a new high of $171 bn in 2023
New Delhi, Jan 10 - Consumer spending on mobile apps hit a new high of $171 billion in 2023, a three per cent year-on-year growth, following a 2 per cent dip in 2022.
India to become world’s 3rd largest economy by 2027-28: Sitharaman
Gandhinagar, Jan 10 - India will become the world’s third-largest economy by 2027-28, with its GDP surpassing $5 trillion during that period, Finance Minister Nirmala Sitharaman said on Wednesday at the Vibrant Gujarat Global Summit.
ArcelorMittal’s Hazira site to be world’s largest single-location integrated steel plant
New Delhi, Jan 10 - Lakshmi Mittal, Chairman of ArcelorMittal, said the Hazira site of AM/NS India will be one of the world's largest single-location integrated steel plants with a total capacity of 24 MTPA of crude steel production.
Velocity announces Rs 300 cr growth capital fund for Indian B2B SaaS firms
New Delhi, Jan 10 - Homegrown fintech startup Velocity on Wednesday announced an ambitious Rs 300 crore growth capital fund dedicated to empowering the next wave of B2B software-as-a-service (SaaS) businesses in the country.
Over the next 5 yrs, Adani Group will invest over Rs 2 lakh cr in Gujarat: Gautam Adani
New Delhi, Jan 10 - Gautam Adani, Chairman, Adani Group said on Wednesday that over the next five years, the Adani Group will invest over Rs 2 lakh crore in Gujarat -- that is USD 25 billion -- thereby creating over 1,00,000 direct
Tata Group to soon start work on chip fabrication plant in Gujarat
New Delhi, Jan 10 - Tata Group on Wednesday announced plans to build a state-of-the-art semiconductor fabrication plant in Gujarat, as India begins the journey to become a global chip hub.
Maruti Suzuki to invest Rs 35,000 cr for setting up new factory in Gujarat
Gandhinagar, Jan 10 - Japanese carmaker Suzuki Motor will invest Rs 35,000 crore to build a second car plant in Gujarat, company president Toshihiro Suzuki said at an investment summit in the state on Wednesday.
Humane cuts 4% of jobs before releasing its Ai Pin: Report
San Francisco, Jan 10 - Sam Altman-backed startup Humane has laid off four per cent of employees this week, the media reported.
Apple removes top crypto exchanges like Binance, Kucoin from App Store in India
New Delhi, Jan 10 - Apple has removed some top global cryptocurrency exchanges like Binance and Kucoin from its App Store in India after the government sent show-cause notices to these crypto exchanges for not complying with the money laundering laws and allegedly
HPE to acquire Juniper Networks for $14 bn, boost AI-driven innovation
San Francisco, Jan 10 - Hewlett Packard Enterprise (HPE) has announced to acquire Juniper Networks, a leader in AI-native networks, for approximately $14 billion in an all-cash transaction for $40 per share.