Business
-
Airtel pre-pays Rs 7,904 crore to clear deferred liabilities for spectrum
New Delhi: Bharti Airtel on Friday said it has prepaid Rs 7,904 crore to the Department of Telecom (DoT) to clear high-cost deferred liabilities for spectrum acquired in 2012 and 2015. In…
-
Hyundai Motor India files draft papers for Rs 25,000 crore IPO
Mumbai: Hyundai Motor India Limited, the Indian arm of the South Korean auto giant, on Saturday, filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI)…
-
Can’t wait for OpenAI to have access to my phone: Musk
New Delhi: After criticising Apple-OpenAI collaboration on ChatGPT’s integration with iPhones, tech billionaire Elon Musk has claimed that the Sam Altman-run AI company may ultimately access his phone. Reacting to reports that…
-
Rupee falls 1 paisa to close at 83.55 against US dollar
Mumbai: The rupee consolidated in a narrow range and settled 1 paisa lower at 83.55 against the US dollar on Friday, June 14, as positive domestic markets and a decline in crude…
-
Tesla stockholders approve Musk’s $56 billion pay package
San Francisco: Tesla stockholders have overwhelmingly approved the $56 billion pay package (now valued at $44.9 billion) for the company’s CEO Elon Musk, along with reincorporating the electric vehicle company in the…
-
India witnessed over 30 pc rise in diversity hiring over the past 5 years: Data
New Delhi: Despite ongoing macroeconomic challenges, India is setting a new precedent with Diversity, Equity, and Inclusion (DE&I) hiring (LGBTQIA+, women, and persons with disabilities), as the country witnessed 30 to 35…
-
Sensex, Nifty trade lower on weak global cues
Mumbai: Indian frontline indices, Sensex and Nifty were trading in the red on Friday following weak global cues. At 9.40 a.m., Sensex was down 196 points or 0.26 per cent at 76,614…
-
Indian corporates’ large capex to need offshore funding amid steady economic growth
New Delhi: 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. As per Moody’s report, capacity…
-
Coupang fined $12.4 million for alleged manipulation of search algorithm
Seoul: 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…
-
Samsung to provide comprehensive AI solutions for foundry biz
Seoul: 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. “At a…
-
Zepto set to raise $650 million at $3.5 billion valuation
New Delhi: Quick grocery delivery platform Zepto is geared up to raise nearly $650 million from existing and new investors. According to sources, the funding will take Blinkit closest rival’s valuation to…
-
38 pc IT professionals ranked data quality as key barrier to AI adoption: Report
New Delhi: About 38 per cent of IT professionals, who have trust in the quality of data and training used in artificial intelligence (AI) technologies, ranked data quality as a major barrier…
-
Sensex trades higher as inflation cools
Mumbai: Indian equity benchmarks opened in green on Thursday after retail inflation declined in May. The government data showed India’s CPI (Consumer Price Index) easing to 4.75 per cent in May 2024,…
-
India’s industrial output growth slips to 3-month low of 5 pc in April: Report
New Delhi: India’s industrial production growth slipped to a 3-month low of 5 percent in April 2024, mainly due to poor performance by the manufacturing sector, though mining and power segments performed…
-
EV sales up by 40 pc to 1.75 million units in FY2024 in India
New Delhi: India’s Electric Vehicle (EV) sales soared to 17,52,406 units in FY 2023-24 with a growth of 40.31 per cent on a Year-on-Year (YoY) basis. According to a report by JMK…
