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.
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
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.
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.
TRAI allots new 160 mobile phone series to key financial entities to curb spams
New Delhi, June 15 - The government has allocated 160 mobile phone series for making transactional and service voice calls for all entities regulated by RBI, SEBI, IRDAI and PFRDA in the first phase, in order to prevent the duping of citizens from
Bill Gates recalls ‘fabulous’ India story in podcast with Nikhil Kamath
Mumbai, June 14 - Microsoft Co-founder and billionaire philanthropist Bill Gates has reflected on his relationship with India on the popular podcast series ‘WTF is with Nikhil Kamath’ with the Zerodha Co-founder and entrepreneur.
Indian Army prepares for future drone wars with deadly ‘Nagastra-1’
New Delhi, June 15 - When tech billionaire Elon Musk says that future wars will be won by nations with the most effective drones, he is not bluffing at all.
We’re striving for human-centric AI development: PM Modi
Apulia (Italy), June 14 - Prime Minister Narendra Modi said on Friday that India is striving for a better future through human-centric artificial intelligence (AI) development.
Kia India exports over 2.5 lakh vehicles since 2019
New Delhi, June 13 - Automaker Kia India on Thursday said it has surpassed 250,000 vehicle exports from the country since 2019.
India likely to attract up to Rs 4 lakh crore investments in PLI schemes, generate 2 lakh jobs
New Delhi, June 13 - The production-linked incentive (PLI) schemes, announced under the leadership of Prime Minister Narendra Modi for 14 key sectors with an outlay of Rs 1.97 lakh crore (over $26 billion) to enhance India's manufacturing capabilities and exports, are likely
India excellent hub for AI innovation, startups: Google Cloud’s top exec
New Delhi, June 13 - India is an excellent hub for innovation in artificial intelligence (AI), startups and also a key global market for Google Cloud, the company's top executive has said.
Zepto set to raise $650 million at $3.5 billion valuation
New Delhi, June 13 - Quick grocery delivery platform Zepto is geared up to raise nearly $650 million from existing and new investors.
Samsung to provide comprehensive AI solutions for foundry biz
Seoul, June 13 - Samsung Electronics said on Thursday it will provide comprehensive "one-stop" artificial intelligence (AI) solutions for its foundry customers, with a focus on up-to-date technologies for high-performance, low-power AI chips.
Coupang fined $12.4 million for alleged manipulation of search algorithm
Seoul, June 13 - The antitrust regulator said on Thursday it has decided to fine e-commerce giant Coupang 140 billion won ($12.44 million) for using unfair search algorithms and uploading false product reviews to boost sales of its own private-label items.
Indian corporates’ large capex to need offshore funding amid steady economic growth
New Delhi, June 12 - Indian corporates' large capex will need to rely on offshore funding despite improving domestic liquidity and companies’ earnings growth, a new report showed on Wednesday.
EPFO revamping software to speed up settlement of claims
New Delhi, June 14 - Employees’ Provident Fund Organisation (EPFO) is in the process of revamping its application software with the UAN-based single accounting system for each member and automation of process flow with minimum human intervention to further speed up settlement of
India among most important nations in the world: Ex-Italian Sherpa for G8 & G20
New Delhi, June 14 - India is prominent and among the most important countries in the world, as well as a huge democracy, said former Italian Sherpa for G8 and G20 and Ambassador Giampiero Massolo, who is attending the Group of Seven (G7)