AM Best revises GIC Re’s credit rating to Positive
Chennai, Nov 23 - Global credit rating agency AM Best has revised its outlook on General Insurance Corporation of India’s (GIC Re) financial strength rating (FSR) from Stable to Positive.
CIL to buy more India-made machinery, phase out imports in 6 years
New Delhi, IANS (Nov 23) Coal India Ltd (CIL) has devised a strategic plan to phase out imports of costly heavy mining machinery and replace it with domestically manufactured equipment over the next six years, the Coal Ministry said on Thursday.
Nifty remains range bound as markets look for new triggers
Mumbai, Nov 23 - Nifty closed on a flat note with negative bias, while most sectoral indices closed in the green on Thursday.
Akasa Air starts its daily flight to Port Blair
New Delhi, Nov 23 - Akasa Air will operate daily through flights between Bengaluru and Port Blair via Chennai (with no change of aircraft required at Chennai) enhancing connectivity between the tourist hub and two major metros.
DGFT roping in e-commerce giants to push exports from local district hubs
New Delhi, Nov 23 - Directorate General of Foreign Trade (DGFT) has launched an initiative to collaborate with e-commerce giants such as Amazon to leverage the country’s districts as hubs to promote exports from the country.
Global demand for oil, gas set to peak by 2030: IEA
New Delhi, Nov 23 - As oil and gas producers face pivotal choices about their role in the global energy system amid a worsening climate crisis fuelled in large part by their core products, a major new special report from the International Energy
Sundaram Home Finance to increase small business loan branches, enter Telangana
Chennai, Nov 23 - Housing finance company Sundaram Home Finance that forayed into small business loans segment will be doubling its branch network to 50 transacting this line of business and also enter the Telangana market.
Cipla top loser in Nifty as US FDA issues warning letter
New Delhi, Nov 23 - Cipla shares were down by more than 7 per cent on Thursday after the US FDA issued a warning letter pertaining to its Pithampur manufacturing facility.
India mulling regulation to tame deepfakes, AI-user harm: Govt
New Delhi, Nov 23 - India is mulling regulation to tame the spread of deepfakes and other user harm that Artificial Intelligence (AI) can bring along, Union IT Minister Ashwini Vaishnaw said here on Thursday.
Banks, RBI keeping close watch to tackle cyber fraud: Sitharaman
New Delhi, Nov 23 - Union Finance Minister Nirmala Sitharaman on Thursday said that while government institutions, banks and insurance companies were building greater awareness over cyber fraud, there was a need for people also to be more alert against cheats who were
Rocket Learning using advanced AI to reform early childhood education in India
New Delhi, Nov 23 - In a bid to reform early childhood education (ECE) in India, non-profit Rocket Learning is empowering anganwadis and low-income households to provide high-quality early childhood education to children with new-age technologies like artificial intelligence (AI) and machine learning
Projects worth Rs 7.16 lakh cr to be launched in groundbreaking ceremony in UP
Lucknow, Nov 23 - Projects worth over Rs 7.16 lakh crore will be launched in Uttar Pradesh during the first phase of Groundbreaking Ceremony (GBC) for investment proposals received during the UP Global Investors Summit 2023 (UPGIS 2023) held in February this year.
Microsoft’s Copilot AI now available to test for Windows 10 users
New Delhi, Nov 23 - Microsoft now lets Windows 10 users try out the AI-powered Copilot feature, which was previously only available in Windows 11.
Interglobe Aviation receives Income Tax demand of Rs 1,666 cr
New Delhi, Nov 23 - InterGlobe Aviation has received orders from the Commissioner of Income Tax Appeals for the Assessment year 2016-17 and 2017-18.
Go First gets 90-day breather from NCLT
New Delhi, Nov 23 - The National Company Law Tribunal (NCLT) on Thursday extended the moratorium for the Wadia-owned airline Go First airline under the Corporate Insolvency Resolution Process by another 90 days.
Market waiting for triggers for breakout, may come with state election results
New Delhi, Nov 23 - The distinctive near-term trend in the market is the narrowing range of market. The market is exhibiting resilience within this narrow range movement, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
realme’s dual platform approach pays off: Narzo N53 becomes bestseller on Amazon in Q3 2023
New Delhi, Nov 23 - In the constantly changing world of technology, where competition is intense and innovation is key, realme, a fast-growing smartphone manufacturer, has become a shining example of success. As society increasingly relies on the internet for diverse purposes, smartphones
Facebook approved ads calling for violence against Palestinian: Report
San Francisco, Nov 23 - Facebook allegedly approved several ads calling for violence against Palestinians, some even calling for the murder of Palestinian civilians and activists, a report has claimed.
Bankrupt crypto platform Genesis sues crypto exchange Gemini to recover $689 mn
San Francisco, Nov 23 - Bankrupt crypto lending platform Genesis has sued cryptocurrency exchange Gemini to recover $689 million.
Al is only a means, not an end: Nadella after Altman’s return to OpenAI
San Francisco, Nov 23 - As Sam Altman returned to OpenAI after the five-day intense drama, Microsoft Chairman and CEO Satya Nadella has said that technology, including Al, is only a tool.