Samsung Electronics Vice Chairman, CEO and Head of the Device eXperience (DX) Division Jaong-Hee (JH) Han, who visited Samsung BKC at Jio World Plaza, Mumbai for the first time since the store's opening, said on Friday that India is the next big playground for artificial intelligence (AI).
Category: corporate
'The Adani Green Energy Gallery' at UK's Science Museum to showcase sustainable future: Gautam Adani
Adani Group Founder and Chairman, Gautam Adani, on Friday said that he is glad to see the new 'Energy Revolution: The Adani Green Energy Gallery' becoming a reality in partnership with the The Science Museum in the UK.
India’s forex reserves scale two-year high of $636.1 billion
India's foreign exchange reserves surged by a whopping $10.47 billion to scale a two-year high of $636.1 billion for the week ended March 8, the latest data released by the RBI on Friday showed.
Coal sector PSUs surpass target with Rs 22,448 crore CAPEX in 2023-24
Coal sector PSUs such as Coal India Ltd and NLCIL have surpassed the annual target of 21,030 crore capital expenditure (CAPEX) fixed for the current financial year ending on March 31, 2024 with a total investment of Rs 22,448.24 crore at the end of February, the Coal Ministry said on Saturday.
Nifty hits fresh record highs in volatile trade
A sharp recovery was seen in the Nifty post noon on Wednesday. At close, Nifty was up 118 points, or 0.53 per cent, to close at 22,474.05 levels, said Deepak Jasani, Head of Retail Research at HDFC Securities.
Adani Portfolio posts record 63.6 per cent profit growth, sets stage for unrivalled green investments
The Adani Portfolio of companies on Thursday reported a record quarterly profit growth of 63.6 per cent (year-on-year), as trailing 12-month EBITDA (as of December 2023) stood at Rs 78,823 crore ($9.5 billion), which is 2.5 times the EBITDA in FY21 and 37.8 per cent higher than FY23 EBITDA.
Cabinet approves 3 semiconductor fab units, to generate 80,000 jobs
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved the establishment of three semiconductor fabrication (fab) units that will start construction within the next 100 days and generate direct employment of 20,000 advanced technology jobs and nearly 60,000 indirect jobs.
150 railway stations win FSSAI’s ‘Eat Right’ tag for serving clean, nutritious food
The Food Safety and Standards Authority of India (FSSAI) has certified 150 railway stations across the country as Eat Right Stations, as part of its initiative to ensure safe, hygienic, and nutritious food options for millions of passengers who traverse the country's vast railway network, according to an official statement issued on Thursday.
Byju's NCLT hearing: Investors allege over $500 mn diversion to hedge fund in US
Key investors in Byju's alleged on Tuesday that the Enforcement Directorate (ED) is investigating diversion of funds of over $500 million by the edtech company to a hedge fund in the US.
Vijay Shekhar Sharma quits as Paytm Payments Bank Chairman, Board member
PPBL's future business will be led by a reconstituted Board by One 97 Communications Ltd (OCL), after the RBI ban on the bank operations from March 15. They recently joined as Independent Directors.
FM Sitharaman stresses on compliance of norms at meet with fintech heads
The meeting, which took place in the backdrop of the RBI action against Paytm Payments Bank, was attended by representatives of fintech firms such as Google Pay, PhonePe, Amazon Pay and RazorPay, as well as top officials of the National Payments Corporation of India (NPCI).
Regulations enabled India to be global benchmark in fintech: Razorpay's Harshil Mathur
Regulations in the fintech industry have enabled India to become a global benchmark in fintech and unified payments interface (UPI)-based services are one such example, Harshil Mathur, CEO of full-stack financial services platform Razorpay, said on Monday.
Absolutely captivating chat: Gautam Adani, Uber CEO discuss future collaborations
Adani Group Founder and Chairman Gautam Adani on Saturday met Uber's global CEO Dara Khosrowshahi and discussed future collaborations in India, as the country doubles down on green and sustainable energy.
PM Modi 3.0 to further bolster $300 bn electronics manufacturing goal: Industry body
The government’s strategy to reach the $300 billion level in production of electronics from the current level of about $75 billion is built on broadening and deepening electronics manufacturing in the country.
Tech industry in India hits $254 bn in revenue in FY24, adds 60K employees
The technology industry in India reached $253.9 billion in revenue with an addition of $9.3 billion incremental revenue in FY2024 (estimated), growing at 3.8 per cent from FY23, a Nasscom report said on Friday.
Tata Group, Assam govt to build Rs 25,000cr semiconductor packaging plant: MoS IT
Addressing the first-ever 'Digital India Future Skills Summit' in Guwahati, the minister said that youth from the state will now have jobs in the semiconductor industry at their doorstep.
2G to coal scam & more: White Paper details 15 scams during UPA regime
The White Paper on Indian Economy tabled in the Lok Sabha by Finance Minister Nirmala Sitharaman on Thursday enumerates about 15 cases of corruption and scams that happened during the 10-year rule of the Congress-led UPA government.
The curious case of UPA’s gold export-import scheme
The telecom licenses issued in FY09 were cancelled by the Supreme Court due to a lack of transparency in the allocation process. In this period, the telecom sector went into a seizure as the government was caught out by the top court judgement.
UPA's coal, telecom & Commonwealth Games scams dented India's image: White Paper
The White Paper presented in the Lok Sabha by Finance Minister Nirmala Sitharman on Thursday states that the erstwhile Congress-led UPA government's decade of governance was marked by a policy of misadventures and scams such as the coal, telecom and Commonwealth Games corruption scandals.
UPA policy paralysis crippled power, telecom sectors: White Paper
The White Paper slams the erstwhile UPA government for the policy paralysis that resulted in large scale power shortages in the country and a 10-year setback for the telecom sector.
Tata partners Microsoft to provide calling solutions on Teams for Indian enterprises
Tata Communications on Wednesday announced that it partnered with Microsoft to provide flexibility in collaboration and connectivity on Microsoft Teams for enterprises in India.
Nifty suffers sharp fall in last hour of trade
Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services, said Nifty traded sideways for the most part of the session. However, last-hour selling led the index to close with a loss of 82 points.
India's services sector PMI surges to 6-month high
Growth in India’s services sector rose to a 6-month high in January on the back of a higher demand and better outlook ahead, according to an HSBC report released on Monday.
Meta CEO Zuckerberg apologies to families at social media hearing in US
When Senator Josh Hawley (R-MO) pressed Zuckerberg to apologise to families who attended the hearing, calling attention to kids who were targeted by predators online, Zuckerberg offered his apology.
SpiceJet deposits TDS of Rs 100 cr for the last fiscal year
Airline SpiceJet, which recently received a Rs 900 crore infusion, has deposited the Tax Deducted at Source of about Rs 100 crore for all employees for the last fiscal year, according to an internal communication by CMD Ajay Singh.