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.
Accenture unveils generative AI studio in India to boost data, AI adoption
Bengaluru, Dec 18 - Global IT services firm Accenture on Monday launched a generative AI Studio in India to accelerate the adoption of data and artificial intelligence (AI).
FIIs turn big buyers with Rs 20,000 cr of stocks in two weeks
New Delhi, Dec 18 - FIIs, who have made a 'U' turn in their strategy, have turned big buyers having invested around Rs 20,000 crore, including bulk purchase, in the last two weeks, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial
Not the right way to do it: Pichai on laying off 12K Google workers
San Francisco, Dec 16 - After almost a year when Google announced the decision to cut 12,000 jobs, Alphabet and Google CEO Sundar Pichai has said that the decision to inform employees affected by the layoffs was "not the right way to do
FPIs bought heavily in banking, IT stocks
New Delhi, Dec 16 - Chief Investment Strategist at Geojit Financial Services V K Vijayakumar on Saturday said that a major development in December has been that FPIs have heavily bought stocks in banking and IT segments.
K’taka has potential to make 1mn chip designers in next 5 yrs: IT Minister Priyank Kharge
Belagavi (Karnataka), Dec 16 - Karnataka Information Technology and Biotechnology Minister, Priyank Kharge, said on Saturday that the southern state has the potential to prepare one million chip designers in the next five years across the country, to meet the requirement in the
US FTC looking into our subscription cancellation practices: Adobe
San Francisco, Dec 16 - The US Federal Trade Commission (FTC) is looking into Adobe’s subscription cancellation practices, the software giant has revealed.
OpenAI suspends ByteDance’s account over ‘secretly using’ its AI tech
San Francisco, Dec 16 - Microsoft-backed OpenAI has suspended Chinese internet giant ByteDance's account after a report said the TikTok's parent company is using OpenAI's technology to develop its own large language model (LLM) in the generative AI era.
Smart lighting brand Philips Hue’s parent firm plans job cuts to save $218 mn
New Delhi, Dec 16 - The Netherlands-based Signify, which owns smart lighting brands Philips Hue and WiZ, is restructuring in the face of "ongoing market volatility and uncertainty" that will trigger job cuts at the company.
Apple to pay $25 mn to settle lawsuit over Family Sharing feature
San Francisco, Dec 16 - Apple has agreed to pay $25 million to settle a class-action lawsuit over its Family Sharing feature.
Cabinet okays proposal for international status to Surat Airport
New Delhi, Dec 15 - The Union Cabinet on Friday approved the proposal to declare Surat Airport as an international airport.
Adani ‘Green Talks’ supports 5 social impact startups
Ahmedabad, Dec 15 - The Adani Group, India’s fastest growing portfolio, held the third edition of ‘Green Talks’ here on Friday.
Govt offers discount for online purchase of Sovereign Gold Bonds
New Delhi, Dec 15 - Sovereign Gold Bonds 2023-24 (Series III) has been opened for subscription during the period December 18-22, 2023 with Settlement date December 28, 2023, the Finance Ministry said on Friday.
India’s forex reserves rise to 4-month high of $606.9bn
Mumbai, Dec 15 - India's foreign exchange reserves rose by $2.816 billion to hit a four-month high of $606.859 billion during the week ended December 8, according to RBI data released on Friday.
Sharpest leg of India dedicated inflows since 2003-2006
New Delhi, Dec 15 - India dedicated flows expanded to a 3-month high of $713 million, again all led by Large cap flows.
India’s trade deficit declines in November as imports dip
New Delhi, Dec 15 - India’s merchandise trade deficit declined to $20.58 billion in November, primarily driven by a fall in imports of gold and oil, according to government data released on Friday.
Market value of BSE listed companies surges Rs 8.55L cr for the week
Mumbai, Dec 15 - The Nifty rose for the seventh week in a row to close at fresh all-time high of 21,457 on Friday, while the Sensex galloped nearly 1,000 points to settle at 71,483, said Devarsh Vakil, Deputy Head of Retail Research