NEW DELHI — At least 27 startups in India raised about $307.8 million this week, which includes 17 early-stage and seven growth-stage companies. Nearly 32 early and growth-stage startups raised more than $384 million last week, startup news portal ...
09 Mar 2024NEW DELHI, MARCH 9 (IANS) — As India acts tough on launching new artificial intelligence (AI) models in the country, trust is the single biggest priority to create safe and responsible large language models (LLMs) so that the data remains safe, acc...
09 Mar 2024MUMBAI — The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a memorandum of understanding (MoU) on Thursday for establishing a framework to promote the use of local currencies — the Indian Rupee (INR) and the Indonesian Rupiah...
07 Mar 2024NEW DELHI — In the ever-evolving landscape of smartphone design, aesthetics and colour schemes have transitioned from mere embellishments to fundamental requirements. The intimate relationship we share with our devices, often spanning over a year, ...
07 Mar 2024NEW DELHI — The 3.7 per cent decline in the small-cap index this week when Nifty appreciated by 0.5 per cent is a big underperformance, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. Large-caps are outperforming mid ...
07 Mar 2024NEW DELHI — SpiceJet on Thursday announced the successful resolution of INR 413 crore dispute with Echelon Ireland Madison One Ltd. The airline said that the settlement with Echelon Ireland Madison One Ltd will result in savings of INR 398 crore fo...
07 Mar 2024NEW DELHI —The GDP forecast upgrade by Moody’s and India’s inclusion in the Bloomberg bond index have added to India’s growing importance in the global economy. Earlier this week, global ratings agency Moody’s raised India’s GDP g...
06 Mar 2024MUMBAI — The RBI on Wednesday issued a directive barring credit card issuers (banks and non-banks) from entering into any arrangement or agreement with card networks such as American Express, MasterCard Asia, Diners Club and Rupay that restrain the...
06 Mar 2024MUMBAI — The ACES India Pvt Ltd, a subsidiary of ACES Saudi Arabia, will provide mobile infrastructure services on the upcoming Mumbai Metro 3 line, the city’s first fully underground corridors, top officials said here on Tuesday. A contract was ...
05 Mar 2024NEW DELHI — Amazon founder Jeff Bezos has overtaken Tesla and SpaceX CEO, Elon Musk, as the richest person in the world, as per the Bloomberg Billionaires Index. As per the latest figures, the Amazon founder’s net worth is $200 billion, while Mus...
05 Mar 2024NEW DELHI — Domestic smartphone brand Lava on Tuesday launched a new smartphone — the Blaze Curve 5G, with a 64MP camera and 6.67-inch 120Hz 3D Curved AMOLED display. Starting at Rs 17,999, the smartphone comes in two colour variants — ...
05 Mar 2024NEW DELHI — SpiceJet has settled a dispute of about 11.2 million US dollars with the Cross Ocean Partners, the lessor behind the Special Purpose Vehicle (SPV) known as VS MSN 36118 CAY Designated Activity Company leased in 2018. Last year in June, ...
05 Mar 2024MUMBAI — RBI Governor Shaktikanta Das on Monday said that the interoperable payment system for internet banking is expected to be launched this year to facilitate quicker settlement of funds for merchants. He said that the RBI has given its approva...
04 Mar 2024NEW DELHI — Union Steel Minister Jyotiraditya M. Scindia on Monday virtually inaugurated India’s first Green Hydrogen Plant in the stainless steel sector located at Jindal Stainless Limited in Haryana’s Hisar. The project is the worldâ€...
04 Mar 2024NEW DELHI — The Delhi government on Monday presented a INR  76,000-crore budget for FY25, which it claimed to be inspired by the vision of ‘Ram Rajya’, and announced a monthly payment of INR  1,000 to all women under a scheme that Chi...
04 Mar 2024NEW DELHI — The government has allowed the export of 64,400 tonnes of onion to the UAE and Bangladesh through the National Cooperative Exports Ltd (NCEL), according to notifications issued by the Directorate General of Foreign Trade (DGFT). The exp...
04 Mar 2024VIENNA — Several OPEC+ members have announced extensions of oil output cuts into the second quarter to support the “stability and balance of oil markets”. OPEC+ is an oil-producer group comprising member countries of the Organization of...
04 Mar 2024SEOUL — South Korea’s demand for key minerals is expected to see 19-fold jump from 2021 to 2040 due to expansion in the electric car and wind power industries, a report showed on Sunday. The demand for lithium, nickel, manganese and cobalt, e...
03 Mar 2024NEW DELHI — India will, in next five years, join the high-stake global stage of semiconductor manufacturing as it combines unparalleled design capabilities with USD 10 billion of incentives to draw manufacturers to set up new fabs and units that wi...
03 Mar 2024NEW DELHI — Compliance is taking the centre stage with 4x increase in RBI penalties on regulated entities (FY20-23), IIFL Securities said in a report. Increasingly, these penalties are imposed for failure to follow the required processes, deficienc...
02 Mar 2024NEW DELHI — Nifty regained strength with a strong bullish candle formation to record an all-time high crossing the 22300 zone with sentiment and bias turned strong, says Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladhe...
02 Mar 2024NEW DELHI — Tata Steel, Tata Motors were the top Sensex gainers on Saturday in a special stock market session. BSE Sensex was at 73,860.26 points, up 114.91 points. The special stock market session is part of the framework for the business continui...
02 Mar 2024SEOUL — South Korea’s top automaker Hyundai Motor said on Saturday that it recorded a 6 percent increase in its sales in the United States last month. It sold a total of 60,341 units in the world’s largest auto market last month, compar...
02 Mar 2024NEW DELHI — Government-owned REC Ltd, a leading NBFC under the Ministry of Power, has successfully listed two bonds worth INR 5,375 crore on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). One bond is worth INR 2,500 crores and h...
01 Mar 2024NEW DELHI — BSE Sensex jumped more than 1,000 points on Friday reacting to India’s impressive GDP numbers. Sensex was trading up by 1045.99 points up by 1.44 per cent at 73,549.64 points. Metal stocks are top gainers with Tata Steel, JSW Steel up...
01 Mar 2024