Tuesday, March 19, 2024

Business

Indian SaaS startups poised to create 100 new AI unicorns: Report

BENGALURU: Indian AI software-as-a-service (SaaS) startups are poised for the next wave of innovation, helping create 100 new AI unicorns, a new report showed on Tuesday.

HCLTech, global chip IP provider CAST to offer customised semiconductors

NEW DELHI: HCLTech and global semiconductor Intellectual Property (IP) provider CAST on Tuesday announced plans to offer customised chips to enable Original Equipment Manufacturers (OEMs) across industries to accelerate their digital transformation.

Witnessed 100 pc surge in online business for academic year 2024-25: Physics Wallah

NEW DELHI: Edtech platform, Physics Wallah (PW) on Tuesday said it has seen over 100 per cent growth in its online business for the forthcoming academic year 2024-25.

Need to make Hydrogen cleaner and more economical: Govt scientific advisor

NEW DELHI: The five-day Steering Committee Meeting of the 23-nation International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE) is being convened in the national capital during March 18 -22. The participants will hold discussions on new developments in hydrogen technology and identify key areas for further collaboration.

Adani Vizhinjam Port wins 'International Safety Award' from British Safety Council

THIRUVANANTHAPURAM: In recognition of its commitment to keeping workers and workplaces healthy and safe, Adani Vizhinjam Port Private Limited (AVPPL) has won the ‘International Safety Award’ for 2023 from the British Safety Council.

Narayana Murthy gifts Infosys stock worth over Rs 240 crore to 4-month-old grandson

NEW DELHI: India has probably seen its youngest millionaire in Ekagrah Rohan Murty - the four-month-old grandson of Infosys founder N.R. Narayana Murthy.

India can create more jobs in esports, game development: CII

PUNE: Even as India's gaming sector is poised for significant growth, more jobs can be created in the country in the esports and game development industry, according to experts at the Confederation of Indian Industry (CII).

Govt plans to roll out e-buses in all cities, some long routes: Gadkari

NEW DELHI: Minister of Road Transport and Highways Nitin Gadkari on Monday said that the government has plans to introduce electric buses in all Indian cities as well as some long routes such as Delhi-Shimla, Delhi-Chandigarh and Pune-Mumbai over the next five years.

Centre to soon have dedicated policy to nurture deeptech startup ecosystem

NEW DELHI: The Centre will soon have a new policy to nurture and empower the deeptech startup ecosystem in the country, Rajesh Kumar Singh, Secretary, Ministry of Commerce and Industry, said on Monday.

Beyond Beaches: Why Expatriates Choose Portugal in 2024

BetterPlace, UP govt to make over 1 lakh frontline workers job-ready by 2025

BENGALURU: BetterPlace, Asia’s largest SaaS and horizontal platform for frontline workforce management, on Monday signed a Memorandum of Understanding (MoU) with the Uttar Pradesh government’s Department of Vocational Education, Skill Development and Entrepreneurship, to upskill and make more than 1 lakh frontline workers job-ready by 2025.

Procter & Gamble India appoints Kumar Venkatasubramanian as CEO

MUMBAI: Procter & Gamble India on Monday announced that Kumar Venkatasubramanian will take over as CEO for its operations in the country from May 1.

Hyundai Motor, Kia's sells 5mn eco-friendly cars globally: Report

SEOUL: South Korea's biggest carmakers Hyundai Motor and Kia have sold more than an accumulated 5 million eco-friendly vehicles in the global market over the past 15 years, company officials said on Sunday.

S.Korean conglomerate workers earn more than Japanese: Report

SEOUL: The average wage of South Korean workers at conglomerates surpassed that of Japanese workers for the first time in 2022, according to a report on Sunday.

Mid and small caps correction led by selling from leverage-based retail investors

NEW DELHI: After touching a new high, the domestic market witnessed a correction due to concerns over the broader market valuation and increase in volatility, says Vinod Nair, Head of Research, Geojit Financial Services.

1,000 startups, 5,000 budding entrepreneurs at 3-day 'Startup Mahakumbh'

NEW DELHI: Over 1,000 startups, more than 1,000 investors, 5,000 future entrepreneurs and 40,000 business visitors are set to participate in 'Startup Mahakumbh' being organised at Bharat Mandapam and India Trade Promotion Organisation (ITPO) in the Capital from March 18-20.

Can LinkedIn be a gaming platform? Company thinks so

NEW DELHI: As mainstream internet and streaming platforms like Netflix embrace gaming, Microsoft-owned professional networking company LinkedIn is also reportedly planning to foray into the booming market.

Arjun Munda rolls out projects to showcase rich tribal heritage

NEW DELHI: Union Minister of Tribal Affairs Arjun Munda on Saturday virtually laid the foundation stone for setting up the 'Centre for Preservation and Promotion of Tribal Culture & Heritage' at Padampur in Jharkhand and inaugurated the tribal museum in the national capital.

India awaits Musk’s response as Centre clears road for Tesla's entry

NEW DELHI: Tesla lovers in the country are anxiously waiting for the first response from Elon Musk after the government approved a new electric vehicle (EV) policy that is designed to attract investments in the EV space by global manufacturers like the Musk-run electric car company.

Adani Energy Solutions wins CII's 'Climate Action CAP 2.0 Award 2023'

AHMEDABAD: Adani Energy Solutions Limited (AESL) has won the coveted 'Climate Action CAP 2.0 Award for 2023' from top industry body the Confederation of Indian Industry (CII) in the 'Resilient category', the company said on Saturday.

Govt clears new E-vehicle policy to woo world’s top manufacturers

NEW DELHI: The Central government has approved a scheme to promote India as a manufacturing destination so that e-vehicles (EV) with the latest technology can be manufactured in the country.

Indian Railways rakes in record revenue of Rs 2.4 lakh crore in 2023-24

NEW DELHI: India Railways has crossed the 1500 million tonnes freight loading mark and earned a record total revenue of Rs 2.4 lakh crore so far during the current financial year ending on March 31, according to official data released on Friday.

Domestic airlines received 791 passenger complaints in Feb: DGCA report

NEW DELHI: The number of domestic air passengers for the period from January to February this year soared to 257.78 lakh, against 246.11 lakh in the same period last year, said an official from aviation watchdog, Directorate General of Civil Aviation (DGCA), on Friday.

Gadkari approves Rs 421 crore Gauripur bypass project in Assam

NEW DELHI: Union Minister for Road Transport and Highways Nitin Gadkari on Friday announced an allocation of Rs 421.15 crore has been approved for the construction of a 4-lane Gauripur Bypass along NH-17 spanning from Dumardoha Pt-II to the Baladmara road in Assam’s Dhubri district.

Paytm Payments Bank ban: Key changes come into effect post March 15

NEW DELHI: As the Reserve Bank of India’s (RBI) deadline to ban Paytm Payments Bank Limited (PPBL) ends on Friday, here are key changes for millions of Paytm users and merchants that will come into force.

L&T Technology Services bags Rs 800 crore cybersecurity programme in Maharashtra

NEW DELHI: L&T Technology Services Limited (LTTS) on Friday announced that it has won a first-of-its-kind cybersecurity programme in India worth around $100 million (about Rs 800 crore) from the Maharashtra state cyber department.

Petrol, diesel prices cut by Rs 2 across India, Petroleum Minister says step shows PM's commitment to people

NEW DELHI: Petrol and diesel across India will be cheaper by around Rs 2 per litre from early on Friday as the oil marketing companies have revised prices, the Petroleum and Natural Gas Ministry announced on Thursday.

Leverage.biz founder meets EAM Jaishankar, discusses innovation, education

NEW DELHI: Founder and CEO of Leverage.biz, Akshay Chaturvedi, met External Affairs Minister (EAM), Dr S Jaishankar, and discussed innovation, education and the trajectory of India’s growth.

NTPC crosses record 400 billion units electricity generation mark in 2023-24

NEW DELHI: The giant NTPC Group crossed the record 400 billion units (BU) of electricity generation in the current financial year, on March 13, 2024, the Ministry of Power announced on Thursday.

India second-largest region for VC investments in Asia-Pacific: Report

NEW DELHI: India retained its position as the second-largest destination for venture capital and growth funding within the Asia-Pacific region last year, a report showed on Thursday.

Reliance Industries to acquire Paramount Global’s 13 pc stake in Viacom 18 Media for Rs 4286 cr

NEW DELHI: Reliance Industries has signed an agreement to acquire 13.01 per cent equity stake of Viacom 18 Media Private Limited (Viacom18) held by Paramount Global through its two subsidiaries for an aggregate consideration of Rs 4,286 crore.

Qualcomm opens new chip design centre, 6G research programme in India

CHENNAI: Chip-maker Qualcomm on Thursday announced the inauguration of its new chip design centre in Chennai.

Chinese giant Alibaba plans to invest $1.1 billion in S. Korea

SEOUL: China's Alibaba Group plans to invest $1.1 billion in South Korea over the next three years, as it seeks to build a logistics centre and expand businesses.

Fintech firm Perfios becomes India's second unicorn of this year

NEW DELHI: B2B SaaS fintech company Perfios has become India's second unicorn of 2024 as it raised $80 million in a new funding round from Teachers' Venture Growth (TVG), a late-stage venture and growth investment arm of Ontario Teachers' Pension Plan.

New chip manufacturing hubs to have a lasting impact on entire nation: Tata Sons Chairman

AHMEDABAD: The new semiconductor manufacturing plants will have a lasting impact on the entire nation and the ecosystem from across the globe will mobilise to have India as their preferred semiconductor destination, N. Chandrasekaran, Chairman of Tata Sons Pvt Ltd, said on Wednesday.

Battery-tech startup Lohum secures $54 million to expand footprint

NEW DELHI: Lithium-ion battery pack maker Lohum on Wednesday said it has raised $54 million (Rs 450 crore) in series B funding from Singularity Growth, Baring Private Equity, Cactus Venture Partners and Venture East, among others.

Nazara Tech pledges $100 mn to propel global expansion via strategic M&A

NEW DELHI: Online gaming major Nazara Technologies on Wednesday said that it has pledged $100 million (around Rs 830 crore) to propel global expansion through strategic mergers and acquisitions (M&A) within the next 24 months.

TAC Security appoints Altaf Halde as Chief Business Officer

NEW DELHI: Cybersecurity firm TAC Security on Wednesday said it appointed Altaf Halde as the Chief Business Officer (CBO) of the company.

PM Modi to launch new credit scheme to help poor start biz ventures

NEW DELHI: Prime Minister Narendra Modi on Wednesday will launch the Pradhan Mantri Samajik Utthan evam Rozgar Adharit Jankalyan (PM-SURAJ) national portal and sanction credit support to one lakh entrepreneurs of disadvantaged sections of the country, the Prime Minister's office said.

Mumbai's CSMIA adjudged best with over 40 mn passengers in Asia Pacific region for 7th time

MUMBAI: For the seventh consecutive year, the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai has been ranked as the ‘Best Airport with over 40 million passengers’ in the Asia Pacific Region by the Airports Council International's (ACI) Airport Service Quality (ASQ) awards, an official spokesperson said here on Tuesday.

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