New Zealand Reserve Bank says inflation approaching target range
Wellington, July 10 - New Zealand Reserve Bank's Monetary Policy Committee agreed to maintain the Official Cash Rate (OCR) at 5.5 per cent on Wednesday.
Shiprocket integrates Snowflake’s AI Data Cloud to empower 1.5 lakh Indian merchants
New Delhi, July 10 - Data cloud company Snowflake, on Wednesday, announced that e-commerce enablement platform Shiprocket has successfully deployed its artificial intelligence (AI) Data Cloud, which will empower 1.5 lakh Indian merchants providing faster access to data to allow businesses to make
Schoolnet acquires private school-focused AI edtech firm Genius Teacher
New Delhi, July 9 - Edtech service provider Schoolnet on Tuesday said that it acquired private school-focused artificial intelligence (AI) edtech company Genius Teacher in an all-stock deal for an undisclosed multi-million dollar valuation.
Sensex trades lower amid selling in banking stocks
Mumbai, July 10 - Indian equity indices opened in red on Wednesday following pressure in banking stocks.
Hyundai, Kia eye domestic EV sales rebound with entry-level models
Seoul, July 10 - Automakers Hyundai Motor and Kia are aiming for a rebound in domestic electric vehicle (EV) sales in the second half of the year with reasonably priced new entry-class compact models.
Unionised workers at Samsung declare ‘indefinite’ strike over pay raise
Seoul, July 10 - Unionised workers at Samsung Electronics, staging the biggest labour action in the technology giant's 55-year history, declared an "indefinite general strike" on Wednesday, stepping up pressure over their demand for a pay raise.
Finance Ministry urges private banks to give more loans to uplift poor
New Delhi, July 9 - The Finance Ministry has urged private sector banks to extend more loans under Financial Inclusion Schemes such as PM SVANidhi, PM Vishwakarma and Jan Samarth Portal aimed at providing more jobs for the poor such as skilled artisans
What to expect at this year’s Samsung Galaxy Unpacked event on July 10
New Delhi, July 9 - Samsung is getting ready for its highly anticipated Galaxy Unpacked event, set for July 10 in Paris.
KVIC registers record sales of Rs 1.55 lakh crore in 2023-24
New Delhi, July 9 - Khadi and Village Industries Commission (KVIC) has registered a robust 15.7 per cent growth in sales to cross a record Rs 1.55 lakh crore and created a staggering 10.17 lakh new jobs in rural areas during the financial
Coal Ministry allots 19 mine voids to power plants for dumping fly ash
New Delhi, July 9 - Ministry of Coal said on Tuesday that it is actively working to ensure the proper disposal and repurposing of fly ash generated by thermal power plants in a significant move towards environmental protection and resource utilisation.
Thousands to witness welcoming of first mother ship at Adani Group’s Vizhinjam Port on Friday
Thiruvananthapuram, July 9 - Thousands of people will be present at the country's trans-shipment port, the Adani Group's Vizhinjam Port located near the famed Kovalam beach, at 10 a.m. on Friday as it receives its first mothership, Kerala Minister V.N. Vasavan said on
Cognizant pays CFO Jatin Dalal $505,000 for settling Wipro case
New Delhi, July 9 - IT major Cognizant on Tuesday said its Chief Financial Officer Jatin Dalal reached a settlement in a lawsuit filed by his former employer giant Wipro, with Cognizant ended up paying $505,087 to Dalal to settle the lawsuit.
‘Workforce growth in Indian online gaming industry rose 20 times from 2018 to 2023’
New Delhi, July 9 - Workforce growth in the Indian online gaming industry has increased 20 times from 2018 to 2023, with a remarkable 97.56 per cent CAGR (compound annual growth rate) over the same period, underscoring the sector’s vital role in job
PLI booster: Telecom equipment manufacturing sales cross Rs 50,000 crore
New Delhi, July 10 - The telecom equipment manufacturing sales have crossed Rs 50,000 crore under the production-linked incentive (PLI) scheme, creating more than 17,800 direct jobs and many more indirect jobs, the government said on Wednesday.
Trump vows to stop outsourcing, if elected President
Washington, July 9 - Former American President Donald Trump has promised to end outsourcing if re-elected, which should sound alarm bells across India's multi-billion-dollar outsourcing industry whose largest customer is the US,
India, Russia set $100 billion trade target by 2030, to move forward on FTA: Foreign Secretary
Moscow, July 9 - India and Russia have set a new target of $100 billion in trade between the two nations by 2030, Foreign Secretary Vinay Kwatra said on Tuesday, as Prime Minister Narendra Modi and Russian President Vladimir Putin discussed larger space
EV startups hail UP govt’s move to waive road tax for hybrid cars
New Delhi, July 9 - Electric vehicle (EV) startups on Tuesday hailed the Uttar Pradesh government's announcement on the complete waiver of registration tax on strong hybrid cars to promote the use of environment-friendly vehicles in the state.
SIP investments hit Rs 21,262 crore in June, mutual fund industry at record Rs 61.15 lakh crore
Mumbai, July 9 - Systematic investment plan (SIP) investments reached Rs 21,262 crore in June in the country, up from Rs 20,904 crore in May, the latest data from the Association of Mutual Funds in India (AMFI) said on Tuesday.
India’s Financial Inclusion Index improves to 64.2 in 2023-24
Mumbai, July 9 - India’s Financial Inclusion Index (FI-Index) for the financial year ended March 31, 2024, has improved to 64.2 vis-a-vis 60.1 in March 2023, with growth witnessed across all sub-indices, the RBI announced on Tuesday.
EV adoption could save $10 bn, create millions of jobs by 2030: Amitabh Kant
New Delhi, July 9 - Highlighting the need to create a new overarching strategy for road transport that can boost transition to Electric Vehicles (EV), G20 Sherpa and former NITI Aayog CEO, Amitabh Kant on Tuesday said that EV adoption could save $10