Samsung vows to prioritise retaining its technological supremacy
Seoul, Jan 2 - South Korean tech behemoth Samsung Electronics on Tuesday announced its strategic priorities for the new year, emphasizing the strengthening of the company's competitiveness through technological supremacy and adaptability to future changes.
RBI issues new order to help recovery of unclaimed deposits in banks
Mumbai, Jan 1 - The Reserve Bank of India (RBI) has issued fresh instructions to banks to strengthen the ongoing efforts to reduce the quantum of unclaimed deposits in the banking system and return such deposits to their rightful owners or claimants.
Five oil majors to distribute more than $100bn to shareholders
London, Jan 1 - The world’s five largest listed oil companies are expected to reward their investors with record payouts of more than $100 million for 2023 against a backdrop of growing public outrage at fossil fuel profits, a media report said.
RBI to auction govt bonds worth Rs 34,000 crore on Jan 5
New Delhi, Jan 1 - The Finance Ministry on Monday announced the sale of Government bonds valued at Rs 34,000 crore through an auction to be conducted by the Reserve Bank of India (RBI) on Friday, January 5.
Xi Jinping makes rare admission that China’s economy is in trouble
Hong Kong, Jan 1 - China’s businesses are struggling and job seekers are having trouble finding work, President Xi Jinping acknowledged during his New Year’s Eve speech, a media report said.
97.38% Rs 2,000 banknotes have been returned: RBI
Mumbai, Jan 1 - The Reserve Bank of India (RBI) said on Monday that the total value of ₹2,000 banknotes declined to ₹9,330 crore at the close of business on December 29. Thus, 97.38 per cent of ₹2000 banknotes have now been returned.
GST collections rise 12% to touch Rs 14.97 lakh crore in April-Dec
New Delhi, Jan 1 - The government's Goods and Services Tax (GST) collections increased 10 per cent year-on-year in December, 2023 to Rs 1.65 lakh crore, the Ministry of Finance said on Monday.
ChatGPT garners 60% of AI industry’s 24 bn traffic: Report
New Delhi, Jan 1 - OpenAI's chatbot ChatGPT has garnered 60 per cent of the AI industry traffic as the top 50 artificial intelligence (AI) tools attracted over 24 billion visits between September 2022 and August 2023, according to a new report.
Ola Electric clocks highest ever monthly registrations in Dec 2023, crosses 30K mark
New Delhi, Jan 1 - Ola Electric on Monday announced that it clocked its highest ever monthly registrations in December 2023 -- recorded 30,219 registrations and captured a 40 per cent market share in the EV 2W segment (as per VAHAN Portal).
RBI Deputy Governor flags risks of using AI in banking sector
New Delhi, Jan 1 - RBI Deputy Governor M. Rajeshwar Rao on Monday said that development and deployment of AI models in the banking sector need close human supervision commensurate with the risks that can materialise from employing the technology.
Cybersecurity firm TAC Security to go public, aims for Rs 100 cr revenue by 2026
New Delhi, Jan 1- Cybersecurity firm TAC Security on Monday said that the company is exploring capital raising options, including an Initial Public Offering (IPO) in early 2024 and eyeing revenue of Rs 100 crore by 2026.
We Founder Circle leads early-stage funding in Indian startups in 2023
New Delhi, Jan 1 - Founders-led investment firm We Founder Circle (WFC) on Monday said it invested in 103 deals across 82 startups in 2023, thus becoming the largest angel investor network in the country.
Foreign net purchases of Samsung Electronics reach all-time high
Seoul, Jan 1 - Foreign investors' net purchases of Samsung Electronics stocks reached an all-time high last year on rising expectations of a recovery in the semiconductor industry, bourse data showed on Monday.
From Zomato to Oyo, massive surge in orders, bookings on New Year’s Eve
New Delhi, Jan 1 - Food delivery platforms like Zomato and Swiggy and quick commerce platforms like Blinkit and Zepto, along with hospitality major Oyo, saw highest-ever orders and bookings on the New Year's Eve, compared to previous years.
International alert triggers safety checks on Boeing 737 Max fleet by Indian airlines
New Delhi, Dec 31 - An international advisory alerting to a potential safety concern related to loose bolts has been issued for the worldwide Boeing 737 Max passenger aircraft fleet.
Remarkable finish for US oil & gas sector with strong production figures for 2023
Washington, Dec 31 - The US has produced more oil and natural gas than ever before even as government planners were trying a tectonic shift to other alternative greener sources of energy to adhere to the climate change protocol's deadlines.
US family credits Apple’s AirTag that tracked down stolen luggage, thief
San Francisco, Dec 31 - Apple's AirTag item tracker has been credited with helping a vacationing US family in tracking down their stolen luggage and the thief.
US dollar losing its dominance
Moscow, Dec 31 - The US dollar’s share of global central bank reserves has continued to decrease, nosediving to 59.2 per cent in the third quarter of 2023, according to the latest data released by the International Monetary Fund (IMF). The decline comes
Ratings agencies cheer India’s GDP surge buoyed by infra push, strong DPI
New Delhi, Dec 31 - India has emerged as the world’s fastest growing economy amidst a worldwide economic slowdown and continues to be a bright spot going ahead with the IMF upgrading its growth forecast for the country twice this year.
Indian economy to stay as ‘star performer’ with key indicators in its favour
New Delhi, Dec 31 - India continues to be a ‘star performing’ economy as against other emerging markets, as per a report by Axis Securities.