Spirit Aeronautical, Garuda Aerospace ink collaborative agreement
Chennai, Jan 5 - Weaponized drone maker -- rotary and fixed wing drones -- Spirit Aeronautical Systems S.A., of Greece and India’s Garuda Aerospace S.A., makers of drones for civil use have inked an agreement for business collaboration.
US private sector added 164,000 jobs in Dec 2023 amid slow growth
Washington, Jan 5 - Private companies in the US added 164,000 jobs in December 2023 amid slowing job growth, payroll data company Automatic Data Processing (ADP) said.
PhonePe appoints Ritesh Pai as CEO of its global payments biz
New Delhi, Jan 5 - Digital payments major PhonePe on Friday announced the appointment of Ritesh Pai as CEO of its International Payments business.
Google begins blocking data tracking cookies in Chrome for select users
New Delhi, Jan 5 - Google has started testing a new feature that limits cross-site tracking by restricting website access to third-party cookies by default.
Services sector records robust growth in Dec 2023
Mumbai, Jan 5 - India’s services sector posted a robust growth in December 2023 on the back of strong demand and a positive outlook ahead, according to an HSBC survey.
GST authorities tell NTPC to cough up Rs 100 cr
Mumbai, Jan 5 - NTPC has received demand orders from GST authorities in seven states to pay up tax, interest, and penalty adding up to a total of Rs 100.80 crore.
LG Chem signs deal to sell rights to anti-obesity drug to US’ Rhythm Pharma
Seoul, Jan 5 -South Korean chemical company LG Chem on Friday signed a deal to sell the global licensing rights for an anti-obesity drug candidate named LB54640 to a US' Rhythm Pharmaceuticals for up to US$305 million, the media reported.
Hyundai, Kia join US firm for hydrogen fuel cell material development
Seoul, Jan 5 - Hyundai Motor and Kia, South Korea's leading automakers, have partnered with a U.S. materials science company to cooperate in developing a key material used in hydrogen fuel cells, the companies said on Friday.
itel launches A70, India’s 1st smartphone with 256GB ROM & 12GB (4+8) RAM at Rs 7,299, sales live today on Amazon
New Delhi, Jan 5 - itel, the most popular sub-10K smartphone brand, on Friday launched India's first phone with 256GB storage and 12GB RAM through memory fusion at just Rs 7,299, marking a significant leap into 2024.
Qualcomm unveils new chip for more realistic mixed reality experiences
San Francisco, Jan 5 - Chip-maker Qualcomm has announced a new Snapdragon chipset to create more realistic, detailed experiences in mixed reality (MR) and virtual reality (VR) with higher GPU frequency.
Musk’s SpaceX sues US labour agency after being accused of illegally firing workers
San Francisco, Jan 5 - Elon Musk-run SpaceX has sued the US National Labor Relations Board (NLRB) after the agency filed a complaint against SpaceX, saying it illegally fired eight employees for criticising its CEO.
Grasim to issue rights shares at Rs 1,812 apiece
Mumbai, Jan 4 - Aditya Birla Group flagship company Grasim Industries on Thursday announced a price of Rs 1,812 per share for its rights issue through which it plans to raise Rs 4,000 crore.
OpenAI achieves financial milestone in 2023, revenue explodes 700%: Report
New Delhi, Jan 4 - OpenAI achieved a significant financial milestone in 2023, crossing the $1 billion mark for the first time and reaching a remarkable $1.6 billion in revenue, a new report revealed on Thursday.
India emerges as toy-making hub with 239% jump in exports
New Delhi, Jan 4 - India’s toy industry has witnessed a remarkable growth in FY 2022-23 in comparison to FY 2014-15, with the decline in imports by 52 per cent, rise in exports by 239 per cent, and development of overall quality of
With over 1 mn tourists Gulmarg Gondola earned Rs. 108 cr revenue in 2023
Srinagar, Jan 4 - The Gulmarg Gondola, considered the flagship attraction of Kashmir tourism, is soaring high, both in terms of the revenue generated and the number of tourists ferried.
Microsoft renames Edge browser on iOS, Android
New Delhi, Jan 4 - Microsoft has rebranded its Edge browser on iOS and Android to "Microsoft Edge: AI browser".
Railways record Rs 4,627 crore rise in freight earnings in current fiscal
New Delhi, Jan 4 - The revenue from goods traffic earned by Indian Railways has gone up by Rs 4,626.92 crores to Rs 12,5106.2 crore during April-December in the current financial year from Rs 12,0479.3 crore in the same period last year, according
85 IIT-Bombay students get job offers of over Rs 1cr per annum
Mumbai, Jan 4 - At least 85 students of Indian Institute of Bombay (IIT-B) reaped a rich harvest of job offers with more than Rs 1 crore per annum CTC, an official said here on Thursday.
At 6.2% growth rate projection for 2024, Indian economy outperformed peers: UN economist
United Nations, Jan 5 - With a projected growth rate of 6.2 per cent for 2024, the "Indian economy outperformed its peers" in a global economy which is expected to expand by only 2.4 per cent, according to the UN official monitoring the
Cashfree posts Rs 133 cr loss in FY23, logs Rs 614 cr in revenue
New Delhi, Jan 4 - Online payments and banking technology firm Cashfree has reported a Rs 133 crore loss in FY23 from just Rs 3 crore in FY22, owing to a substantial cost increase in employee benefits and payment processing, the media reported