Adani Green Energy Ltd completes PPA with SECI for 8000-MW solar power
Mumbai, Dec 25 - The Adani Green Energy Ltd (AGEL) has executed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) 1,799-MW solar power for a period of 25 years, an official said on Monday.
InCred raises $60 mn, becomes India’s 2nd unicorn of 2023
New Delhi, Dec 25 - Ending the drought, fintech lender InCred has become India’s second unicorn this year after raising $60 million from new and existing investors, the media reported on Monday.
Govt throws open e-Jagriti portal, video access to NCDRC to give consumers more clout
New Delhi, Dec 25 - The government has thrown open the e-Jagriti portal and video conferencing (VC) facility for the National Consumer Dispute Redressal Commission and state consumer commissions as part of the focus on leveraging technology for consumer protection and grievance redressal.
Paytm lays off employees as it implements AI-powered automation
New Delhi, Dec 25 - Fintech leader Paytm has laid off several hundred employees from its operations, sales and engineering team, according to reports.
US clean tech unicorn Palmetto lays off employees in multiple job cuts
San Francisco, Dec 25 - US-based clean-tech unicorn Palmetto has reportedly done multiple rounds of layoffs amid the market slowdown.
2023 may have been cryptocurrencies best year ever
New York, Dec 25 - Crypto’s 14th year in existence was one marred by scandal, bankruptcy, fraud and regulatory squabbling. It still may have been the industry’s best year ever, CNN reported.
Bitcoin miners see transaction revenue grow a massive 400% in 2023
New Delhi, Dec 25 - The revenue collected by Bitcoin miners as transaction fees averaged about $2 million per day in 2023, registering a whopping 400 per cent increase year-on-year.
Consumer sentiment rises in the US as the year ends with inflation falling quicker than expected
Washington, Dec 25 - Consumer sentiment has risen in the US with increased spending by them during the festive season of Xmas and eve of New Year as the fall of inflation faster than expected is vastly changing the mood to one of
Patent dispute: Apple Watch Series 9, Ultra 2 unavailable at its retail stores in US
San Francisco, Dec 25 - Apple has halted sale of its Watch Series 9 and Ultra 2 sales at its retail stores in the US and when Apple Stores reopen after Christmas, these two Watches will not be available for purchase.
Indian student stranded in US after Lyft driver flees with luggage, CEO reacts
New Delhi, Dec 24 - An Indian woman was left stranded in Boston, US, after a Lyft driver took her luggage and other belongings during a trip to the airport.
Undisclosed global client terminates $1.5bn AI deal with Infosys
New Delhi, Dec 23 - IT major Infosys on Saturday announced that a global client has decided to terminate the Memorandum of Understanding (MoU) for a $1.5 billion deal focused on artificial intelligence (AI) solutions.
FPIs big buyers in financial services
New Delhi, Dec 23 - FPI inflows, which were negative in the previous three months, have sharply turned positive in December, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Solar PV module manufacturing projects of 48.3 GW capacity okayed under Centre’s PLI scheme
New Delhi, Dec 23 - The central government has given the go-ahead to big GW scale projects for setting up around 48.3 GW of integrated high efficiency Solar PV module manufacturing capacity in the country under its Production Linked Incentive (PLI) Scheme as
India may see 1 cr EV sales per year by 2030, says govt
New Delhi, Dec 23 - The country may see 1 crore electric vehicle (EV) sales annually by 2030, generating nearly 5 crore jobs, Minister of Road Transport and Highways, Nitin Gadkari, has said.
Hyundai Motor Group startup to showcase AI mobility software at CES
Seoul, Dec 23 - 42dot, Hyundai Motor Group's global software research startup, plans to showcase its vision of software-defined vehicles (SDV) and related technologies at next month's CES 2024, the company said.
DIIs invested $ 20.2 bn in 2023
New Delhi, Dec 23 - While DII flows have been robust for the past few years, rising global interest rates have kept FPI flows under check, as per Quantum Mutual Fund.
Apple seeks $50 mn deals with news publishers to train its GenAI models: Report
San Francisco, Dec 23 - Apple is in touch with some top news publishers to use their articles to help train its generative AI systems, the media reported.
Enabling fans to experience sports like never before: Tech Mahindra
Las Vegas, Nov 29 - As sports become more immersive, Tech Mahindra is leveraging new-age technologies to deploy its sports cloud offering and enhance the digital capabilities of sports leagues, franchises and organisations, Jagdish Mitra, Chief Strategy Officer and Head of Growth at
Cut in customs duty on edible oil imports extended by a year
New Delhi, Dec 22 - The Central government has extended the reduced customs duty applicable to edible oil imports by a year in order to keep prices in check.
Litmus test for humans as GenAI starts taking away entry-level jobs
New Delhi, Dec 22 - When IBM CEO Arvind Krishna predicted a few months ago that he could easily see 30 per cent of jobs getting replaced by AI and automation over a five-year period, his statement raised several eyebrows. As the year