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
Expect a deepfakes boom as hackers master use of AI, Machine Learning
New Delhi, Dec 22 - With the growth of Large Language Models (LLMs) like OpenAI's ChatGPT, Artificial Intelligence (AI) exploded in the public arena in 2023. According to experts, this trend is expected to continue beyond 2024, as both hackers and cybersecurity professionals
Banks in Punjab told to speed up disbursal of self-employment loans
Chandigarh, Dec 22 - Punjab Finance Minister Harpal Cheema and Member of Parliament Vikramjit Singh Sahney on Friday reviewed the progress of sanctioning and disbursement of loans under various schemes for self-employment with state heads of 40 banks here.
Polycab India shares plunge as taxmen raid company
Mumbai, Dec 22 - Polycab India shares plunged by close to 5 per cent on Friday amid reports of the Income Tax Department carrying out raids at 50 premises of the company nationwide.
Indian AI startups fuel innovation amid record funding, govt push
New Delhi, Dec 23 - As funding becomes scarce for the Indian startup ecosystem in general, the explosion of Artificial Intelligence (AI) has given a new lease of life to entrepreneurs and founders in the country, as the Centre extends support to the
Centre releases additional Rs 72,961 crore from tax kitty to states
New Delhi, Dec 22 - The Central government has authorised the release of an additional installment of tax devolution amounting to Rs 72,961.21 crore to strengthen the hands of state governments for financing various social welfare measures and infrastructure development schemes, the Finance
‘Allowing LIC time period of 10 years is a welcome step’
New Delhi, Dec 22 - Founder MMJC & Associates Makarand M Joshi on Friday said that the decision of allowing LIC time period of 10 years to achieve minimum public shareholding is a welcome step looking at the current situation of the global
Global credit rating agencies must be transparent, fair to developing nations: CEA
New Delhi, Dec 22 - Credit rating agencies such as Fitch, Moody’s and S&P, need to reform their sovereign rating process which is heavily loaded against developing countries like India resulting in additional funding costs running into billions of dollars, the government’s Chief
Essar selects technology partner for Essar Oil UK’s Industrial Carbon Capture facility paving way to reduce CO2 emissions by 1 million tons
New Delhi, Dec 22 - Essar Oil UK announces the selection of a second key licensor technology provider, Topsoe, for the planned EET Industrial Carbon Capture (“ICC”) facility based at Stanlow, UK. Topsoe will provide its sustainable flue-gas treatment technology SNOXTM.
Lina Khan-led FTC proposes new rules to curb monetization of kids’ data
San Francisco, Dec 22 - The Federal Trade Commission (FTC) in the US has proposed sweeping changes to regulations to further limit the collection and use of children’s data by tech companies for monetisation, especially for targeted advertising.
Global passenger battery EV sales to reach 10 mn units in 2023
New Delhi, Dec 18 - The global passenger battery electric vehicle (BEV) unit sales increased by 29 per cent (year-on-year) in the third quarter this year, a report showed on Monday, adding that annual BEV sales are expected to reach almost 10 million
NHAI awards projects worth Rs 9,384cr to successful bidders
New Delhi, Dec 18 - NHAI has awarded Toll, Operate and Transfer (TOT) projects of a combined length of 273 km for Rs 9,384 crores to successful bidders, Ministry of Road Transport and Highways said on Monday.