Govt amends white goods PLI scheme rules for chosen candidates
New Delhi: The government, on Wednesday, tweaked the Production Linked Incentive (PLI) scheme rules for white goods for the selected candidates by modifying the method for assessing production value for internal consumption, sales to affiliated firms, and associated entities.
Indian-American teen's AI startup valued at Rs 100 cr
At just 16 years old, Pranjali Awasthi, an Indian prodigy, has entered the tech arena with her startup, Delv.AI. Her venture, dedicated to streamlining the process of data extraction for research purposes, took off in January 2022.
TCS reports Rs 11,342 cr net profit for Q2FY24; declares Rs 9 dividend per share
Mumbai: Tata Consultancy Services (TCS) on Wednesday announced a net profit of Rs 11,342 crore for the Q2FY24, propelled by a robust order book, particularly in the BFSI sector, despite a challenging business environment.
Indian Market: Sensex advanced 393.69 pts
The BSE Sensex on Wednesday gained further by 393.69 pts to close at 66,473.05 on the strength of Telecommunications, FMCG and Auto stocks amid strong global cues.
Bridgestone India partners with Tata Power to install EV chargers across select tyre dealerships
Kolkata: Bridgestone India and Tata Power have come together to install EV chargers for four-wheelers at Bridgestone dealerships on a pan-India basis.
RBI directs Bank of Baroda to halt adding new customers via app
Mumbai: The Reserve Bank of India (RBI), on Tuesday, directed state-owned lender Bank of Baroda to cease the onboarding of new customers through the BoB World, the bank's digital banking application.
Bibhu Prasad Mahapatra assumes charge as Executive Director on the Board of PNB
New Delhi: Bibhu Prasad Mahapatra has assumed the charge as the Executive Director on the Board of Punjab National Bank, the Ministry of Finance said on Tuesday.
IDFC First Bank planning to raise Rs 3,000 crore in debt capital through Tier-ii bonds
Mumbai: After its recent equity capital infusion of Rs 3,000 crore, IDFC First Bank is now gearing up to raise the same amount through debt capital, specifically Tier-II bonds, Business Standard reported.
India must aim for 8% growth rate to surpass China: Barclays
New Delhi: For India to surpass China and emerge as the leading contributor to global growth, it would have to aim for an 8 percent growth rate, a Barclays report said.
Mukesh Ambani takes over Gautam Adani to be the richest Indian: Report
Mumbai: Reliance Industries chairman Mukesh Ambani has surpassed Gautam Adani of Adani Group to claim the top spot as the wealthiest Indian in the 360 ONE Wealth Hurun India Rich List 2023.
Direct Tax collection in Oct FY24 crosses Rs 11.07 lakh cr
New Delhi: The gross direct tax collections in October, so far, surpassed Rs 11 lakh crore, reaching Rs 11.07 lakh crore, the Finance Ministry said in a statement on October 10.
ED arrests 4 Vivo execs including 1 Chinese national
New Delhi: The Enforcement Directorate (ED) on Tuesday arrested four executives from the Chinese smartphone manufacturer Vivo, including a Chinese national, reported media.
Indian Market: Sensex jumps 566.97 pts
The BSE Sensex on Tuesday registered a solid gains of 566.97 pts to close at 66,079.36 on the strength of Realty, Metal, Telecommunications and BSE services amid positive global cues.
JSW Group likely to seal deal with MG Motors India for EV manufacturing in India: Report
Mumbai: JSW Group is actively negotiating to acquire a stake in MG Motor India, aiming to introduce an electric vehicle tailored specifically for the Indian market.
ChatGPT developer OpenAI planning to make its own AI chips: Report
San Francisco: ChatGPT’s developer OpenAI is considering the development of its own artificial intelligence chips and has even explored a potential acquisition target, Reuters reported, citing sources.