Mirae Asset Mutual Fund launches India’s 1st EV exchange-traded fund
Mumbai, June 20 - Mirae Asset Investment Managers (India) on Thursday launched India’s first exchange-traded fund (ETF) focused on the electric vehicles (EV) and new-age automotive segment, after the National Stock Exchange (NSE) launched a new Nifty EV index last month.
Samsung unveils industry’s first AI hybrid fridge using ‘Peltier’ modules
Seoul, June 20 - Samsung Electronics on Thursday unveiled the industry's first hybrid refrigerator using semiconductor elements and artificial intelligence (AI) to improve energy efficiency and performance.
Former OpenAI Co-founder Ilya Sutskever launches new AI company
San Francisco, June 20 - Ilya Sutskever, one of the co-founders of AI company OpenAI, has launched a new firm called Safe Superintelligence Inc (SSI), just a month after leaving the ChatGPT maker.
Curtain raiser for ‘Invest Karnataka 2025’ held in Bengaluru
Bengaluru, June 20 - Karnataka Chief Minister Siddaramaiah announced on Wednesday that the state government aims to achieve an annual industrial growth rate of 15-16 per cent to reach a $1 trillion economy by 2032.
16.47 lakh new workers enrolled in ESI scheme as employment rises
New Delhi, June 19 - The payroll data of the Employees' State Insurance (ESI) scheme released on Wednesday shows that 16.47 lakh new employees have been added in April this year out of which close to half are youngsters aged up to 25
Cabinet gives nod to Rs 7,453 crore scheme for offshore wind energy projects
New Delhi, June 19 - The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects at a total outlay of Rs 7,453 crore, according to an official statement issued after
CERT-In, Mastercard join hands to bolster cybersecurity for financial sector
New Delhi, June 19 - The Computer Emergency Response Team (CERT-In), under the IT Ministry, on Wednesday said it has joined hands with financial giant Mastercard to promote cooperation and information sharing in the area of cybersecurity related to the financial sector.
9 Indian ports make it to World Bank’s Global Top 100 list
New Delhi, June 19 - In a major achievement, as many as 9 Indian ports have made it to the Global Top 100 in the latest edition of the Container Port Performance Index (CPPI), 2023, prepared by the World Bank and S&P Global
Probe into imported Toyota, Yamaha models over fraudulent Japanese testing
Seoul, June 20 - The South Korean government said on Thursday it has carried out a probe into some imported vehicles made by Japanese automakers Toyota Motor Corp. and Yamaha Motor Co. in connection with their improper certification tests in their home country.
RBI to be positioned as model for Global South: Shaktikanta Das
Mumbai, June 20 - RBI Governor Shaktikanta Das on Thursday said that "necessary policy actions" are on the anvil for positioning the Reserve Bank as a model central bank of the Global South.
India to make huge progress on back of young population, rapid development: NSE CEO
Mumbai, June 20 - Riding on a young talented population, rapid technological developments and overall economic growth, India will be able to generate more wealth in comparison to other countries in years to come, Ashish Kumar Chauhan, Managing Director and CEO of National
RBI sees India’s economy shifting from 7 to 8 per cent
Mumbai, June 19 - There is an increasing evidence of a trend upshift taking shape, which is shifting India's growth trajectory from the 2003-19 average of 7 per cent to the 2021-24 average of 8 per cent or even more, powered by domestic
4 Adani ports make it to World Bank’s global ‘Container Port Performance Index’
Ahmedabad, June 19 - Adani Ports and Special Economic Zone Limited (APSEZ) on Wednesday said four of its ports have been featured in the prestigious 'Container Port Performance (CPP) Index 2023', developed by the World Bank and S&P Global Market Intelligence.
Coal stocks at power plants touch all-time high as production shoots up
New Delhi, June 19 - Despite extremely high peak summer demand for power, the coal stocks at thermal power plants exceeded a record 45 million tonnes (MT) as on June 16, 2024, which is 31.71 per cent higher compared to the same period
SBI board approves to raise up to Rs 20,000 crore via long-term bonds
New Delhi, June 19 - The State Bank of India (SBI) on Wednesday announced it would raise long-term bonds up to Rs 20,000 crore via a public issue or private placement during the ongoing financial year (FY25).
India Oil inks pact for biofuel joint venture with GPS Renewables
New Delhi, June 19 - Public sector giant Indian Oil Corporation announced on Wednesday that it has signed an agreement with GPS Renewables Private Limited to form a 50:50 joint venture company dedicated to advancing biofuel adoption across the country.
Tata Motors to hike prices of commercial vehicles by up to 2 pc
New Delhi, June 19 - Tata Motors announced on Wednesday that it will hike the prices of its commercial vehicles by up to 2 per cent with effect from July 1 to offset the impact of rising commodity prices.
Sensex ends flat as Titan and Bharti Airtel top losers
Mumbai, June 19 - Indian equity indices closed flat on Wednesday as Titan, Bharti Airtel and Maruti Suzuki were top losers.
India’s seafood exports scale record high, US & China top buyers
New Delhi, June 19 - The quantity of India’s seafood exports touched an all-time high during the financial year 2023-24 with the USA and China emerging as the top importers, according to a Commerce Ministry statement released on Wednesday.
Indian Gen Z workers more motivated to work when management delivers on promises: Report
New Delhi, June 19 - Gen Z employees in India are more motivated to work when they see management deliver on promises and when they can bring their authentic selves to work, a report showed on Wednesday.