South Korean regulator asks Chinese e-commerce platforms’ for business data
Seoul, July 5 - The regulator said on Friday it will ask major e-commerce platforms operating in South Korea, including China's AliExpress and Temu, to submit data on their businesses for market analysis.
Ixigo’s profit more than doubled at Rs 73 crore in FY24
New Delhi, July 4 - Le Travenues Technology Ltd, which owns online travel aggregator Ixigo, on Thursday said revenue from operations grew by 30.8 per cent (year-on-year) in FY24 to Rs 655.9 crore from Rs 501.3 crore in FY23, as profit after tax
India gives the voice to Global South on AI global forums
New Delhi, July 5 - India has set the global discourse by emphasising the intent of the government to democratise artificial intelligence (AI) and make it accessible to all.
Samsung sets up development team for high bandwidth memory chips
Seoul, July 4 - Samsung Electronics, the world's largest memory chipmaker, has newly set up a unit dedicated to developing high bandwidth memory (HBM) in a bid to regain the leadership in the artificial intelligence (AI) semiconductor market, industry sources said on Thursday.
5 Indian institutions receive grants under Australia-India Strategic Research Fund
New Delhi, July 4 - The government on Thursday announced successful grants under the Australia-India Strategic Research Fund (AISRF) to five Indian organisations for their projects in emerging technologies.
Zomato relaunches ‘Intercity Legends’ service with minimum order value of Rs 5K
New Delhi, July 4 - Online food delivery platform Zomato has relaunched its 'Intercity Legends' service with a minimum order value of Rs 5,000.
Centre announces Rs 200 crore scheme for green hydrogen testing infra
New Delhi, July 4 - The government on Thursday announced a Rs 200 crore scheme for funding testing facilities, infrastructure, and institutional support for the development of standards and regulatory frameworks under the National Green Hydrogen Mission.
India to have 1st human in space, deep sea by 2025: Union Minister
New Delhi, July 4 - India is set to witness the first human in space and deep sea by 2025, said Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, on Thursday at an event held in the national capital.
Global Capability Centres record 48 pc rise in transaction volumes in India in H1 2024
Mumbai, July 4 - With improving business sentiments in India, Global Capability Centres (GCCs) recorded an increase of 48 per cent in transaction volumes from 6.6 million square feet in the first half of last year to 9.8 million square feet in H1
IIT-Madras partners with industry players to offer employability-focussed programmes
New Delhi, July 4 - The Indian Institute of Technology (IIT) Madras on Thursday said that it has partnered with multiple industries to offer employability-focussed programmes on ‘SWAYAM Plus’.
India sees highest-ever office space transactions with 33 pc growth in Jan-June period
Mumbai, July 4 - India’s office market clocked the highest-ever transaction volume in the January-June period this year at 34.7 million square feet across the top eight cities, a report showed on Thursday.
Put mechanisms in place to prevent market abuse, fraud: SEBI tells stock brokers
Mumbai, July 4 - In another bid to instill investors’ confidence in the stock markets, the Securities and Exchange Board of India (SEBI) on Thursday asked brokers to have a proper mechanism to prevent and detect market abuse as well as fraud.
Optiemus to invest Rs 140 cr to create fleet of 5,000 drones by 2025 end
New Delhi, July 4 - Optiemus Unmanned Systems (OUS), a subsidiary of homegrown telecommunications and electronics manufacturing company Optiemus Infracom Limited, said on Thursday that it will invest Rs 140 crore and offer a pioneering model of 'Drone as a Service' for the
realme ushers in new era of smartphone photography with ultra clear camera, AI in 13 Pro Series 5G
New Delhi, July 4 - The world of smartphone photography has been democratised by AI and machine learning, putting professional-level results within everyone's reach.
OnePlus confirms top-level rejig at India operations; Robin Liu back
New Delhi, July 4 - Smartphone company OnePlus on Thursday confirmed the return of veteran Robin Liu to head its India operations amid an internal reshuffle.
India one of the most active countries for Meta’s Threads globally
New Delhi, July 4 - Meta (formerly Facebook) on Thursday said that India is one of the most active countries for Threads globally.
Electric 2-wheelers see growth in last 2 months, Ola Electric loses market share: Report
New Delhi, July 4 - The electric vehicle (EV) penetration improved in the Indian two-wheeler (2W) sector over the last two months after incentives almost halved in April, a report said on Thursday, adding that Ola Electric lost market share while TVS Motor
Bengaluru sees 57 pc jump in residential prices in last 5 years: Report
Bengaluru, July 4 - India’s Silicon Valley saw average residential prices surge by 57 per cent in the last five years and considering the current trends, residential launches and sales in the city are expected to rise by 10-15 per cent by the
Suzuki’s Next Bharat Ventures launches Rs 340 cr fund for social impact startups
New Delhi, July 4 - Japanese automobile company Suzuki Motor Corporation's subsidiary Next Bharat Ventures IFSC Private Limited on Thursday launched a Rs 340 crore investment fund -- Next Bharat -- that aims to act as a growth catalyst for the social impact
Indian FMCG sector to see revenue jump 7-9 pc this fiscal, rural demand surges
New Delhi, July 4 - Riding on higher volume growth, revival in rural demand and steady urban growth, the fast-moving consumer goods (FMCG) sector in India is projected to see revenue grow 7-9 per cent this fiscal (FY25), said a report on Thursday.