WPI inflation remains benign, likely to normalise by Sept-Oct: Experts
New Delhi, June 14 - The inflation in food articles is expected to rationalise by September-October as many of the kharif crops will enter the markets and supplement the existing supply, industry experts said on Friday.
India’s aviation sector takes off for next 25 years of growth under PM Modi
New Delhi, June 14 - India, which is one of the world's fastest-growing civil aviation markets with domestic air passenger traffic touching record high, has seen robust growth under Prime Minister Narendra Modi, paving the way for shaping the future of the aviation
India witnessed over 30 pc rise in diversity hiring over the past 5 years: Data
New Delhi, June 14 - Despite ongoing macroeconomic challenges, India is setting a new precedent with Diversity, Equity, and Inclusion (DE&I) hiring (LGBTQIA+, women, and persons with disabilities), as the country witnessed 30 to 35 per cent rise in diversity hiring over the
India’s WPI inflation edges up to 2.61 pc in May
New Delhi, June 14 - India's inflation rate based on the Wholesale Price Index (WPI) edged up to 2.61 per cent during May this year compared to the same month last year, according to figures released by the Commerce Ministry on Friday.
S Korea’s exports of hydrogen-powered fuel cell EVs drop 74 pc on-year in first 5 months
Seoul, June 14 - Exports of hydrogen-powered fuel cell electric vehicles (FCEVs) from South Korea plunged more than 70 per cent on-year during the first five months of 2024, industry data showed on Friday.
S. Korea’s science ministry to cancel licence of new mobile carrier Stage X over funding
Seoul, June 14 - South Korea's science ministry said on Friday that it will cancel the licence of Stage X as a new mobile carrier, saying the company failed to pay a paid-in capital.
Global brokerage firms bullish on Ambuja Cements’ stock after Penna acquisition
Mumbai, June 14 - Leading global brokerage firms have gone bullish on the Adani Group’s Ambuja Cements after it announced to acquire Hyderabad-based Penna Cement for Rs 10,442 crore.
Products from Chinese firms found to contain harmful substances
Seoul, June 14 - Some of the cosmetics and children's water toys sold on three overseas e-commerce retail platforms have been found to contain harmful substances far exceeding the permitted safety levels, a state-run consumer organisation said on Friday.
Tesla stockholders approve Musk’s $56 billion pay package
San Francisco, June 14 - Tesla stockholders have overwhelmingly approved the $56 billion pay package (now valued at $44.9 billion) for the company’s CEO Elon Musk, along with reincorporating the electric vehicle company in the US state of Texas, moving it from Delaware.
MECON Ltd seeks bids for use of green hydrogen in making steel
New Delhi, June 13 - As part of the government's move to replace fossil fuels with green hydrogen in steel manufacturing, MECON Limited has invited proposals from prospective bidders for use of Hydrogen in DRI Pilot Plant, in existing Blast Furnace and in
AWS offers $230 million in Cloud credits to generative AI startups, including in India
New Delhi, June 13 - Amazon Web Services (AWS) on Thursday announced a $230 million commitment in Cloud credits to generative AI startups and the expansion of the global Generative AI Accelerator, which is aimed at helping 80 founders and innovators (including 20
Govt says it has sufficient wheat stocks to keep price in check
New Delhi, June 13 - The Central government's Department of Food and Public Distribution is keeping a close watch on the price of wheat and has sufficient stocks of the cereal which can be released to cool down the market in case the
Adani Group’s Ambuja Cements acquires Penna Cement for Rs 10,422 crore
New Delhi, June 13 - Ambuja Cements, the leading Adani Group company, on Thursday announced the acquisition of 100 per cent stake in Penna Cement Industries Ltd (PCIL) for an enterprise value of Rs 10,422 crore, as the cement and building material major
Vodafone Idea’s board approves fundraise of Rs 2,458 crore via stock sale
Mumbai, June 13 - Telecom service provider Vodafone Idea, on Thursday, said that its board has approved issuance of about 166.8 crore equity shares worth Rs 2,458 crore on a preferential basis.
Oracle to train 200K students in India in Cloud, AI tech
New Delhi, June 13 - Cloud major Oracle on Thursday announced that it would support the training of 200,000 students in India in Cloud, data science, Artificial Intelligence (AI), and other emerging technologies.
GST Council meeting scheduled for June 22
New Delhi, June 13 - The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on June 22 to take a look at the taxes being levied on goods and services ahead of the full Union Budget which is likely to be
Atal Innovation Mission connects young innovators with rural ecosystem
New Delhi, June 13 - Atal Innovation Mission's (AIM) Student Entrepreneurship Programme (SEP) season -- 2023-24 has witnessed a special focus on connecting young innovators with Krishi Vigyan Kendras, resulting in a significant number of projects centred around the rural ecosystem theme, NITI
Samsung Chairman meets with Meta, Amazon and Qualcomm CEOs in US
Seoul, June 13 - Samsung Electronics Chairman Lee Jae-yong has met with the heads of Meta, Amazon and Qualcomm in the US this week to discuss future technologies and business collaborations, the company said on Thursday.
Software, hardware firms hiring talented freshers with highest salaries in India
Bengaluru, June 13 - Signalling a shift in hiring strategies, IT companies in India, particularly in the hardware and software sectors, are hiring freshers the most as the demand for raw talent has increased by 5 per cent over the last six months,
Advanced manufacturing startup Ethereal Machines raises $13 mn
New Delhi, June 13 - Advanced manufacturing startup Ethereal Machines on Thursday announced it has raised $13 million in a Series A round led by Peak XV Partners and Steadview Capital.