ONGC starts producing oil from deep-sea KG basin
New Delhi, Jan 8 - Oil and Natural Gas Corporation (ONGC) has started oil production from its Krishna Godavari (KG) basin deep-sea project in Bay of Bengal, which will enable India to reverse the decline in the domestic output that has taken place
Adani Electricity notched high-powered show in 2023; energises for 2024
Mumbai, Jan6 - The Adani Electricity Mumbai Ltd (AEML) recorded a high-voltage performance in 2023 and is looking forward to an energetic show even in 2024, officials said here on Saturday.
India’s Metro network to become world’s 2nd largest, leaving US behind
New Delhi, Jan 7 - India’s metro network is expanding at an unprecedented pace and is likely to surpass that of the US in the next couple of years to become the second largest in the world.
Looking Beyond 5G: India takes the leap forward to explore 6G comms
New Delhi, Jan 7 - While India has just achieved the world’s fastest 5G rollout, the country is also playing a key role in the global telecom sector in initiating strides towards creating 6G or sixth generation communication technology as the next big
Reliance Industries to invest in renewable energy, green hydrogen in TN
Chennai, Jan 7 - Reliance Industries Ltd has decided to make new investments in renewable energy and green hydrogen in Tamil Nadu, said its Chairman and Managing Director Mukesh D. Ambani.
‘Mounting national debt at $34 trillion a boiling frog situation for US economy’
New York, Jan 7 - The US government's growing national debt at $34 trillion debt is a "boiling frog" for the US economy, as government expenditure bills will exceed its revenues by the early 2030s, according to a Congressional Budget Office estimate.
United Airlines temporarily suspends Boeing 737 MAX 9 aircraft
Chicago, Jan 7 - Chicago-based United Airlines (UA) has announced that it has temporarily grounded all of its Boeing 737 MAX 9 aircraft as required by the Federal Aviation Administration (FAA).
Netflix may introduce in-app purchases, ads to games
San Francisco, Jan 6 - Streaming giant Netflix is reportedly planning to generate revenue from its gaming business by adding in-app purchases and advertisements.
Alaska Airlines grounds all Boeing 737-9 aircraft after emergency landing
Washington, Jan 6 - Alaska Airlines has grounded all of its Boeing 737-9 aircraft after one such plane had to make an emergency landing in Portland, Oregon, with a window and a part of the fuselage missing.
Uber expands flexible pricing service to more tier 2, 3 cities in India
New Delhi, Jan 6 - Ride-hailing major Uber is now testing its flexible pricing service in several tier 2 and 3 cities in India to expand its user base, allowing commuters to bid a particular fare for their ride.
US preparing to file antitrust charges against Apple: Report
San Francisco, Jan 6 - The US Justice Department is reportedly preparing to file a federal antitrust case against Apple for keeping customers locked into its ecosystem.
SEBI tightens short selling rules
Mumbai, Jan 4 - Institutional investors will have to disclose upfront at the time of placement of an order whether the transaction is a short sale, according to a new circular issued by markets regulator SEBI on Friday.
Govt ups GDP growth forecast to 7.3% for 2023-24
New Delhi, Dec 5 - India's gross domestic product (GDP) is estimated to grow by 7.3 per cent in 2023-24, up from 7.2 per cent in 2022-23, according to the advance estimate released by the Ministry of Statistics on Friday.
Eurozone inflation rebounded in Dec 2023
Brussels, Jan 6 - The eurozone's yearly inflation rate rebounded in December 2023 after a steady decline in recent months, reaching 2.9 per cent compared to 2.4 per cent in November, according to a flash estimate published by Eurostat.
Tesla recalls 1.6 mn cars in China, lowers Model Y, S and X range
San Francisco, Jan 5 - Elon Musk-run Tesla is recalling 1.6 million vehicles in China, its largest-ever recall in the country, to fix its autopilot system, the media reported on Friday.
redRail by redBus reveals India’s most punctual trains in 2023
New Delhi, Jan 5 - Indian Railways operates one of the world's busiest and most extensive rail networks, with over 24 million passengers commuting daily. With over 13,000 daily passenger trains covering approximately 68,000 route kilometers and connecting more than 7,325 stations nationwide,
Design company InVision, once valued at $2 bn, to wind up by 2024 end
San Francisco, Jan 5 - Design company InVision, once valued at $2 billion, has announced to wind up operations by the end of 2024.
GAIL inks 10-year deal with Vitol for import of LNG
Singapore, Jan 5 - GAIL (India) Limited and Vitol Asia Pte Ltd on Friday announced the signing of a Long Term liquefied natural gas (LNG) deal into India for a supply of approximately one million metric tonNEs of LNG per annum for a
Shree Cement shares crash amid reports of Rs 4,000 crore tax demand
Mumbai, Jan 5 - The shares of Shree Cement crashed on Friday amid reports that the Income Tax (I-T) Department has firmed up a Rs 4,000 crore tax demand against the company.
Fintech unicorn MobiKwik again files for IPO to raise Rs 700 cr
New Delhi, Jan 5 - Fintech unicorn MobiKwik on Friday filed its draft red herring prospectus (DRHP) with the markets regulator SEBI in its second attempt, to raise Rs 700 crore this time via fresh issues of shares.