Hiring in Indian IT sector likely to see turnaround with 8-10% growth in 2024
New Delhi, Dec 27 - The Indian IT sector, which has seen contraction in hiring amid global economic slowdown and funding winter, is likely to witness a positive turnaround with 8-10 per cent increase in hiring in 2024, a new report showed on
Wipro files law suit against ex-CFO in B’luru court, Jatin Dalal seeks arbitration
Bengaluru, Dec 27 - The Bengaluru-based corporate giant Wipro has filed a lawsuit against its former Chief Finance Officer (CFO), Jatin Dalal, in the Bengaluru Civil Court. In turn, Dalal, presently with Cognizant as CFO, has submitted an application to the court requesting
Hindalco leads rally in metal stocks
New Delhi, Dec 27 - Metal stocks are up in trade on Wednesday led by Hindalco which gained more than 3 per cent.
RBI comes out with draft to simplify licensing norms for money changers
Mumbai, Dec 27 - The Reserve Bank of India (RBI) has come out with a set of new draft norms aimed to simplify and rationalise the authorisation of money changers for facilitating foreign exchange-related services.
Adani Green completes JV with TotalEnergies, raises USD 300 mn
New Delhi, Dec 27 - Adani Green Energy Limited (AGEL) on Wednesday announced the completion of the 1,050 MW joint venture (JV) with TotalEnergies.
Tesla now a key player in S Korea amid strong demand for German cars
Seoul, Dec 27 - Elon Musk-run electric carmaker Tesla has emerged as a major player in South Korea's imported passenger vehicle market this year, with BMW, Mercedes-Benz and Audi set to close the year as the three best-selling brands, industry data showed on
Ex-Japan PM Yukio Hatoyama commends global efforts for world peace at historic Hyderabad assembly
New Delhi, Dec 27 - In a historic and visionary message addressed to Dr Tony Nader, esteemed Chairman of the Global Union of Scientists for Peace, Dr Yukio Hatoyama, former Prime Minister of Japan (2009-2010), enthusiastically commended the upcoming 10,000 for World Peace
Correction in broader markets inevitable, say analysts
New Delhi, Dec 27 - The resilience of the market even in the holiday season, which is normally devoid of much action, is an indication of its underlying bullishness, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Amazon Prime Video to stream ads during movies, TV shows from Jan 29
San Francisco, Dec 27 - Amazon Prime Video will show advertisements during movies and TV shows from January 29, as it aims to expand its ad business and increase revenue from entertainment.
Hackers stole nearly $2 bn in cryptocurrencies in 2023
New Delhi, Dec 27 - Hackers stole around $2 billion in cryptocurrencies in 2023, a substantial decrease from an all-time record of around $3.8 billion in 2022.
Apple appeals ban on Watch Series 9, Ultra 2 in US
San Francisco, Dec 26 - Apple on Tuesday filed an appeal to the International Trade Commission’s (ITC) decision to ban sales of Watch Series 9 and Watch Ultra 2 models in the US.
Axis Bank files insolvency petition against Zee Learn
New Delhi, Dec 26 - Zee Learn said on Tuesday that a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 has been filed by Axis Bank Ltd to initiate Corporate Insolvency Resolution Process (CIRP) of the company, before the National
IndiGo to start Mumbai-Ayodhya flight from Jan 15
New Delhi, Dec 26 - IndiGo on Tuesday announced direct connectivity between Mumbai and Ayodhya, effective January 15.
Large Indian firms 2.3X more likely than startups to have responsible AI practices
New Delhi, Dec 26 - Large enterprises (with annual revenue of more than Rs 250 crore) are 2.3 times more likely than startups and 1.5 times more likely than small and medium enterprises (SMEs) to report matured Responsible AI (RAI) practices in India,
ACs, panel TVs witness rise in volumes, phone volume sales down 2%: Report
New Delhi, Dec 26 - The year saw stupendous growth in the consumer durables sector in India, with a 9 per cent surge in value for smartphones and a marginal 2 per cent decline in volume, a report showed on Tuesday.
Mini Ratna TCIL pays dividend to Centre
New Delhi, Dec 26 - Mini Ratna public sector company Telecommunications Consultants India Ltd (TCIL) has paid a dividend of Rs 14.20 crore to the central government for the financial year 2022-23, the ministry of communications said on Tuesday.
PLI schemes have brought in Rs 95,000 cr investments: Centre
New Delhi, Dec 26 - The central government’s production linked incentive (PLI) schemes has led to investments of over Rs 95,000 crore till September, resulting in the production of goods worth Rs 7.80 lakh crore, according to a Commerce Industry statement released on
From mirrorless lens to AI video analytics: Decoding the growth of India’s imaging industry
New Delhi, Dec 26 - The imaging industry has revolutionized the way the world around us is captured and documented. Visual storytelling has never been more convenient owing to developments in technology such as mirrorless lenses, high-resolution sensors, and advanced image processors that
FDI flows jump to 21-month high in Oct
Mumbai, Dec 26 - The net Foreign Direct Investment (FDI) flowing into India reached a 21-month high in October reflecting the strengthening fundamentals of the economy, according to data compiled by the RBI.
PSU stock indices outperform in trade
New Delhi, Dec 26 - PSU stocks are the top gainers in trade on Tuesday notching up gains of up to 11 per cent.