India’s CPI inflation eases to 12-month low of 4.75 per cent in May
New Delhi, June 12 - India's consumer price inflation eased to a 12-month low of 4.75 per cent in May, compared to the same month of the previous year as declining fuel and cooking oil prices helped to bring down the burden on
86 pc of firms globally experimenting with GenAI for innovation: Report
New Delhi, June 12 - About 86 per cent of organisations globally are experimenting with GenAI for innovation, R&D, or product development, while 8 per cent are currently applying GenAI at scale, a new report showed on Wednesday.
EU slaps extra tariffs of up to 38 per cent on Chinese EVs
New Delhi, June 12 - The European Commission on Wednesday announced to impose provisional duties of up to 38.1 per cent on the import of Chinese electric vehicles (EVs).
Google, Apple fined for allegedly violating location data law in South Korea
Seoul, June 12 - The South Korean units of Google and Apple were among firms fined for allegedly violating a law on location data collection, the telecom regulator here said on Wednesday.
India’s toy exports expand to more than 100 countries
New Delhi, June 12 - The Indian toy industry has expanded its global presence to more than 100 countries including the US, the UK, Germany, the Netherlands, Denmark and even China and the next step for the toy manufacturers is to reach international
Bill Gates to feature on Nikhil Kamath’s podcast, discuss tech, global health, philanthropy
Mumbai, June 12 - Bill Gates, the former CEO of Microsoft, who co-founded the IT giant with Paul Allen, is set to appear on the popular podcast series ‘WTF is with Nikhil Kamath’ in the new segment, ‘People By WTF’.
Sensex jumps 149 points, Nifty closes above 23,300
Mumbai, June 12 - Indian equity benchmark indices closed in the green on Wednesday following a volatile session.
COAI shares key priorities for telecom sector’s robust growth
New Delhi, June 12 - The Cellular Operators' Association of India (COAI) on Wednesday shared key priorities for the telecom industry that it wishes the government to address and help the sector achieve its goals.
Corporate Infotech bags Rs 114 crore project with Indian Oil for IT infra maintenance
New Delhi, June 12 - IT Solutions Provider Corporate Infotech Pvt Ltd (CIPL) on Wednesday said it has secured a three-year contract worth Rs 114 crore from the Indian Oil Corporation Limited (IOCL) for the comprehensive annual maintenance of IT infrastructure across all
Modi 3.0: Top industry chambers gear up for next phase of developmental journey
New Delhi, June 12 - The entire ecosystem of industry, trade and financial markets is re-energised with the beginning of the new government amid policy continuity, top trade and industry chambers have said.
Real estate and construction stocks jump after announcement of 3 crore houses under PMAY
Mumbai, June 12 - Real estate and construction sector shares were trading in the green on Wednesday after Prime Minister Narendra Modi’s new cabinet announced the construction of 3 crore additional houses in rural and urban areas under the Pradhan Mantri Awas Yojana
Exports from SEZs surge 4 pc to reach over $163 billion
New Delhi, June 12 - As the Centre considers several measures to empower special economic zones (SEZs), the exports from these special hubs zoomed up 4 per cent in 2023-24 to reach $163.69 billion.
Govt’s push on Infra and manufacturing to continue: Vikas Khemani
New Delhi, June 12 - Vikas Khemani, Founder of Carnelian Asset Management, on Wednesday, said that the government policies have remained focused on infra and manufacturing reform after the coalition government was formed at the Centre.
Communication, analytical most in-demand soft skills in India’s BFSI sector: Report
New Delhi, June 12 - Communication skills (27 per cent), English proficiency (10 per cent), and analytical skills (8 per cent) are the most in-demand soft skills in India's Banking, Financial Services, and Insurance (BFSI) sector, a new report revealed on Wednesday.
Indian tyre exports bounce back in second half of 2023-24
New Delhi, June 12 - India’s tyre exports surged in the second half of 2023-24 to touch the Rs 23,073 crore mark for the full financial year, to match the figure for the previous year, according to a statement issued by the Automotive
Domestic auto industry optimistic of steady growth in FY25: SIAM
New Delhi, June 12 - With emphasis on economic development amid policy continuity by the new government, the auto industry is optimistic of steady growth in 2024-25,” according to the Society of Indian Automobile Manufacturers (SIAM).
SBI to raise $3 billion through long-term debt
Mumbai, June 12 - State Bank of India (SBI) plans to raise up to $3 billion through long-term debt in the current financial year (2024-25), according to a stock exchange filing by the country’s largest bank.
Starlink is now present in 100 countries, says Elon Musk
New Delhi, June 12 - Starlink, the satellite internet service, is now present in 100 countries, said SpaceX CEO Elon Musk on Wednesday.
Apple exports iPhones worth over Rs 16,500 crore from India in April-May
New Delhi, June 12 - Buoyed by the production-linked incentive (PLI) scheme of the Prime Minister Narendra Modi-led government, Apple has managed to export iPhones worth more than Rs 16,500 crore (nearly $2 billion) in the first two months of the ongoing financial
Regulator opens review of Synopsys’ $35 billion acquisition of Ansys
Seoul, June 12 - South Korea's antitrust regulator said on Wednesday that it has launched a review of chip design software giant Synopsys’ proposed acquisition of engineering software firm Ansys.