Indian startups raised nearly $7 billion in first half of 2024
New Delhi, July 3 - Indian startups have raised nearly $7 billion in funding during the first half (H1) of 2024, more than the $5.92 billion raised in H1 2023.
After layoffs, Unacademy CEO denies rumours of merger, acquisition
New Delhi, July 3 - After reported layoffs of around 250 employees in the latest job cuts, edtech firm Unacademy Co-founder and CEO Gaurav Munjal on Wednesday denied the reports of a possible merger or an outright acquisition, saying "ignore the rumours".
Pakistani minister urges early conclusion of preferential trade agreement with Azerbaijan
Islamabad, July 3 - Pakistani Minister of Commerce Jam Kamal Khan has called for an early conclusion of a preferential trade agreement and bilateral transit trade agreement with Azerbaijan.
Committed to learning from India how to make AI more impactful for society: OpenAI
New Delhi, July 3 - India has a unique approach to making AI more beneficial for people and OpenAI is committed to learning from it, Srinivas Narayanan, Vice President of Engineering at OpenAI, said here on Wednesday.
World Bank classifies Mongolia as upper middle income country
Ulan Bator, July 3 - Mongolia has been reclassified by the World Bank from a lower-middle income country to an upper-middle income country for the 2024 fiscal year, announced the country's Finance Ministry on Wednesday.
Sensex touches 80,000 for first time, Nifty at all-time high
Mumbai, July 3 - Indian equity indices closed at record highs on Wednesday following a rally in heavyweights like HDFC Bank, ICICI Bank, and Kotak Mahindra Bank.
Govt’s focus on non-polluting energy sources to boost private, public transport: Gadkari
New Delhi, July 3 - As pollution has become a huge issue in India, the focus of the government is on promoting the use of non-polluting sources to power personal and public transportation, Union Minister for Road Transport and Highways, Nitin Gadkari has
We got mandate to make India third largest economy: PM Modi
New Delhi, July 3 - Prime Minister Narendra Modi on Wednesday outlined the thrust of the BJP-led government’s economic policy.
Koo announces to shut down after partnership talks fell through
New Delhi, July 3 - Homegrown micro-blogging platform Koo on Wednesday announced to discontinue its services to the public after partnership talks fell through.
India, Japan to work together towards building safe & trustworthy AI: Hiroshi Yoshida
New Delhi, July 3 - As the world leaders aim to control artificial intelligence (AI) and the user harms associated with it, India and Japan will work together in order to achieve safe, secure and trustworthy AI, said Japanese Vice-Minister for Policy Coordination
PE, VC investments reached $6.9 billion in May: Report
Mumbai, July 3 - Investors are bullish on India as the economic growth rate is the fastest in the world. Private equity (PE) and venture capital (VC) funds invested $6.9 billion in May 2024 which is 54 per cent more on a year-on-year
BMW posts strong performance in H1, sees over 21 pc boost in car sales in India
New Delhi, July 3 - BMW Group India has posted a strong performance in the first half (H1) of 2024 (January-June) as it witnessed a boost of over 21 per cent in car sales (BMW+MINI), fuelled by high demand for its sports activity
Indian real estate registers $2.5 bn in investments in Q2: Report
New Delhi, July 3 - After a steady start in the first quarter (Q1) of 2024, Indian real estate saw accelerated momentum in the second quarter (Q2), registering $2.5 billion of inflows -- the highest in any quarter since 2021, a new report
We aim to make AI work for India via skilled talent pool, innovative startups: Jitin Prasada
New Delhi, July 3 - India stands at the forefront of global Artificial Intelligence (AI) innovation and the government’s commitment is to foster an inclusive and robust AI ecosystem via skill penetration and substantial investments in nurturing AI startups, Jitin Prasada, Union Minister
India records robust services sector growth in June, hiring at 2-year high: HSBC
New Delhi, July 3 - Growth in India's services sector accelerated in June on the back of robust domestic demand and a record rise in export orders, according to an HSBC survey released on Wednesday.
Japan launches new banknotes
Tokyo, July 3 - Japan on Wednesday started issuing new 10,000 yen (61.9 U.S. dollars), 5,000 yen and 1,000 yen banknotes, which marked the first redesign since 2004.
Kim Jong-un inspects munitions factory after key party meeting
Seoul, July 3 - North Korean leader Kim Jong-un has visited major munitions and machinery factories, calling for efforts to expand production in the overall economic sector, according to state media.
India’s coal production surges by 14.5 pc to 84.6 million tonnes in June
New Delhi, July 3 - India’s coal production registered a robust 14.5 per cent growth in June this year to touch the 84.63 million tonnes mark compared to 73.92 million tonnes in the same month last year, according to the latest figures released
Collective effort must to harness AI’s potential while limiting user harms: Ashwini Vaishnaw
New Delhi, July 3 - Artificial intelligence (AI) can be a very big tool to solve many socio-economic problems but we need to contain the risks associated with AI and the solution has to come via a global thought process as it cannot
Indian firm Persistent Systems acquires US-based Starfish Associates
Pune, July 3 - Digital engineering and enterprise modernisation company Persistent Systems on Wednesday said it had acquired New Jersey-based Starfish Associates for an undisclosed sum.