SEOUL: Hyundai Motor said on Friday it will spend $424 million to build an artificial intelligence (AI) research centre in the US to bolster its edge in robotics technology, an area it cites as a key future growth driver.

MUMBAI: Shares of Page Industries hit a more than Rs 50,000 apiece in the early trades on BSE on Friday after the company reported a multi-fold jump in its net profit in April-June quarter.

KOLKATA: A single judge bench of the Calcutta High Court turned down the plea from the Enforcement Directorate (ED) to freeze the assets of Rashmi Metaliks Limited and also gave a clean chit to the company in a money laundering case filed against it by the central agency.

SAN FRANCISCO: At least 300 employees of TikTok and its parent company ByteDance employees worked for the Chinese state media publications, and more than a dozen still do, the media reported.

The question of whether or not internet gambling is legal in India depends on the state. Gambling in the country is regulated by a law from 1857, but each state is allowed to come up with its own laws in regards to internet gambling. But at the same time internet gambling is not illegal in the country. 

CHENNAI: Liquor maker Radico Khaitan Ltd closed the first quarter of FY23 with a lower net profit of Rs.58.28 crore on higher income as compared to the corresponding period of the previous year.

MUMBAI: Benchmark indices ended up on Thursday on improved sentiments of investors after US inflation data for July came below estimates, raising hopes that US Fed will be slow on rate hike.

MUMBAI: The market capitalisation of the ICICI Bank touched Rs 6 lakh crore mark in the afternoon trade due to which shares of the bank hit record high of Rs 865.55.

CHENNAI: The British investments in India that began in early 1,600 CE with the entry of East India Company have continued to grow even 75 years after India gained Independence.

LONDON: In line with its commitment to the 'Invest in Denmark' initiative, online hospitality major OYO has acquired Europe-based holiday homes operator Bornholmske Feriehuse, which aims to accelerate the growth of travel and tourism in the market.

MUMBAI: Foreign Institutional Investors (FII) have invested Rs 12,190 crore in last 10 days in the Indian equity market after remaining sellers in the last few months. However, Domestic Institutional Investors (DII) in the same period have sold stocks worth Rs 2,677 crore.

NEW DELHI: With an aim to enable schools to implement digital solutions seamlessly, Eupheus Learning, India's largest school-focussed distribution platform with a reach of over 20,000 schools, has announced a new initiative 'NEP STAR School' along with Amazon Web Services (AWS).

MUMBAI: The Indian rupee appreciated by 14 paise on Wednesday to close at 79.52 against the US dollar due to fall in crude oil prices and inflows of foreign investors.

NEW DELHI: A leading company in the perfume industry, Riya has become a well-known name in the country today. Established in 1997, Riya's journey to becoming the No. 1 perfume brand in India has been a unique one.

SEOUL: US electric vehicle subscription company Autonomy will buy 3,140 EVs from Hyundai Motor and its affiliate Kia to strengthen its fleet lineup.

MUMBAI: Issuances of corporate bonds rose more than 16 per cent month-on-month in July to Rs 58,452 crore due to softening of yields on these instruments.

NEW DELHI: Photo-sharing platform Snapchat on Wednesday launched its paid subscription service in India for Rs 49 per month, as it aims to increase revenue amid slowed growth and layoffs globally.

NEW DELHI: The government on Wednesday announced to undertake demand studies for the direct assignment of spectrum to enterprises with net worth more than Rs 100 crore which are willing to set up private captive 5G networks.

NEW DELHI: India's largest Crypto investing app CoinSwitch has announced a Web3 Discovery Fund, which will invest in and incubate early-stage startups building blockchain solutions for the rapidly evolving Web3 landscape.

BENGALURU:The Karnataka delegation led by Minister for Large and Medium Industries Minister Dr. Murugesh R. Nirani has proposed a separate 'Japanese township' on the nearly 600-acre plot in Tumakuru, the neighbouring district of Bengaluru.

WASHINGTON:US President Joe Biden on Tuesday signed the historic $280 billion CHIPS and Science Act into law that includes $52 billion to boost domestic semiconductor manufacturing.

NEW DELHI: A recent Parliament reply disclosed that scheduled commercial banks have written off loans worth about Rs 10 lakh crore in the last five financial years.

LUDHIANA: Trident Limited announces that its Founder and Chairman has expressed his intention to the Board to step down as Director & Non-Executive Chairman of the Company due to his persistent health issues and family commitments.

NEW DELHI: For 84 per cent professionals in the country, machine learning (ML) followed by statistics are the two most in-demand skills that recruiters are looking for in data science professionals, a report said on Tuesday.

NEW DELHI: Aircraft operators will have to share travel-related information about passengers who are going to travel in and out of India at least 24 hours before their flight departure time. The information will be shared with the Central Board of Indirect Taxes and Customs (CBIC)-established agency, National Customs Targeting Centre-Passenger (NCTC-P) for conducting "risk analysis of passengers".

CHENNAI: The Indian tractor industry sold 59,586 units last month down from 80,980 units sold during July 2021, said Tractor Junction, a digital marketplace for tractors and farm equipment.

MUMBAI: The Indian fintech market is expected to log 10 times growth to achieve $1 trillion in assets under management (AUM) and $200 billion in revenue by 2030, a new report showed on Tuesday.

WASHINGTON: Some of the world's richest men, including Jeff Bezos and Bill Gates, are funding a massive treasure hunt, complete with helicopters and transmitters, on the west coast of Greenland.

AMRITSAR: Royal Enfield, the global leader in the mid-sized (250cc-750cc) motorcycle segment, today launched the new Hunter 350, a ‘two-wheeled double-espresso’ of motorcycling. Engineered and designed for the urban hustle, the new Hunter 350 is a remixed roadster with the character of a Royal Enfield reimagined in a stylish, compact-yet-muscular geometry, that can tackle crowded city streets, suburban backroads and beyond, with aplomb.

NEW DELHI: Masayoshi Son, Founder and CEO of Japanese investment group Softbank, on Monday warned unicorns and startups to prepare for a harsh and longer funding winter ahead, as the company posted disastrous results for the second straight quarter this year.

CHENNAI: The sown area of pulses, oilseeds and rice have declined this Kharif season owing to deficient monsoon rain in some areas, a report by Bank of Baroda states.

CHENNAI: In line with the earlier announcement, the Tata Passenger Electric Mobility Limited and Ford India Private Limited have inked the Unit Transfer Agreement for the acquisition of the latter's plant in Gujarat for Rs 725.70 crore.

NEW YORK: Netflix has had a terrible 2022. In April, it said it lost subscribers for the first time since 2011 and its stock has tumbled more than 60 per cent so far this year, the media reported.

NEW DELHI:In his letter to shareholders, Mukesh Ambani, Chairman and Managing Director, Reliance Industries, said "we entered into a series of partnerships, including equity investments, with local and international corporates with unique technological and execution capabilities, with a strong track record of innovation and a growing number of patents and IPRs across the Green Energy value chain".

NEW DELHI: Reliance Jio Infocomm Limited prepaid entire deferred liabilities pertaining to spectrum acquired in auctions of year 2014, 2015, 2016 and the spectrum acquired in year 2021 through trading of right to use with Bharti Airtel Limited aggregating to Rs 30,791 crore (including accrued interest) in FY2021-22.