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
Gold prices likely to move towards a new high of Rs 70,000
New Delhi, Dec 4 - Gold prices are likely to move towards a new high of Rs 70,000, as per a report by ICICI Direct, while silver, remaining supported amid rising industrial demand, may edge higher towards Rs 85,000.
Despite challenges, India saw birth of over 950 tech startups last year: Report
New Delhi, Jan 4 - Despite facing global challenges in 2023 like valuation issues, few IPOs, regulatory changes and macroeconomic and geopolitical trends, India remains the third largest tech start-up ecosystem globally, with over 950 tech startups founded last year, a report showed
Centre signs two deals to buy Rs 800 cr equipment for Army from domestic firms
New Delhi, Jan 4 - The Ministry of Defence signed two contracts on Thursday for procurement of 697 Bogie Open Military (BOM) Wagons at a cost of Rs 473 crore with M/s Jupiter Wagons Limited and the procurement of 56 Mechanical Minefield Marking
Xiaomi launches Redmi Note 13 Series in India, starting at Rs 16,999
New Delhi, Jan 4 - Global technology brand Xiaomi on Thursday launched the Redmi Note 13 Series in the Indian market at a starting price of Rs 16,999.
Indian fintech sector funding plunges 63% in 2023: Report
New Delhi, Jan 4 - India's fintech sector saw funding plunge 63 per cent in 2023 -- at just $2 billion -- from $5.4 billion raised in 2022, a report showed on Thursday.