Sep 11, 2024, at 11:08 pm
Noida: Prime Minister Narendra Modi stated on Wednesday that India aims to become a global hub for producing, using, and exporting green hydrogen.
Uber launches premium 'black' service in India
Sep 11, 2024, at 08:34 pm
India's leading ride-sharing app Uber has announced the launch of its upscale Uber Black category.
Strike hits Samsung production at key electronics plant in Tamil Nadu
Sep 11, 2024, at 07:46 pm
Chennai/IBNS: Production at Samsung Electronics' key plant in southern India faced disruptions for the second consecutive day on Tuesday (Sept. 10) due to a strike by hundreds of employees demanding higher wages.
Google, Apple lose multibillion dollar court fights with European Union
Sep 11, 2024, at 07:12 pm
Luxembourg/IBNS: Apple Inc. has lost its legal battle over a €13 billion ($14.4 billion) Irish tax bill, while Google has lost its challenge against a €2.4 billion fine for abusing its market power, reports Bloomberg.
Govt plans new policy to link scrapping of vehicles to pollution instead of age: Official
Sep 11, 2024, at 06:56 pm
New Delhi/IBNS: A senior official said on Tuesday (Sept. 10) that the government is developing a new vehicle scrappage policy focused on pollution levels rather than the age of the vehicles.
Honda Power Pack Energy India, Bhago Mobility partner for green fleet services in EV segment
Sep 11, 2024, at 11:42 am
Kolkata: Honda Motor Company's battery swapping service Honda e:Swap has teamed up with sustainable transportation solution provider Bhago Mobility for providing green fleet management services aimed at revolutionizing last-mile delivery solutions for the EV segment.
Sep 11, 2024, at 07:09 am
New Delhi: Lockheed Martin, a U.S.-based defence company, has partnered with Tata Advanced Systems Ltd to strengthen their collaboration on the C-130J Super Hercules tactical airlifter project, media reports said.
Oil prices tumble on weak demand concerns, Brent dips below $70, near 3-yr low
Sep 11, 2024, at 06:02 am
Brent futures fell below $70 a barrel for the first time since December 2021, marking a new low in a price slump driven by strong supply, demand concerns, and heavy speculative selling, according to Bloomberg.
New GPS-based system to revolutionize toll collection system: Here's all you need to know
Sep 11, 2024, at 05:33 am
New Delhi: The Ministry of Road Transport and Highways has updated the National Highways Fee (Determination of Rates and Collection) Rules, 2008, to include satellite-based electronic toll collection systems.
Tata Motors MD Shailesh Chandra elected new SIAM president
Sep 11, 2024, at 05:27 am
New Delhi: The Society of Indian Automobile Manufacturers (SIAM), India’s top automobile industry body, has elected Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles, as its new president for the 2024-25 term.
Maruti Suzuki's 500 km range EV soon, says CEO Hisashi Takeuchi
Sep 11, 2024, at 04:39 am
New Delhi: Maruti Suzuki India (MSI) plans to launch an electric vehicle with a 500-km range, powered by a 60-kilowatt-hour battery, along with several similar models, according to MD and CEO Hisashi Takeuchi on Tuesday, said a Moneycontrol report.
Companies with turnover over Rs 500 cr in India required to seek CCI approval for mergers
Sep 11, 2024, at 02:47 am
New Delhi: The Competition Commission of India (CCI), on Tuesday, introduced new regulations expanding the scope of companies that must obtain approval for mergers.
Sep 10, 2024, at 11:09 pm
Mumbai: The Mahindra Group has rejected recent allegations of a conflict of interest regarding payments to Dhaval Buch, the husband of SEBI chairperson Madhabi Buch, calling the claims "false and misleading."
'Threat to national security': Congress red flags Adani Group's investment in China
Sep 10, 2024, at 10:40 pm
New Delhi: The Congress party on Tuesday raised concerns over the Adani Group's decision to set up a subsidiary in China for project management services, claiming that this move could endanger India's national security and territorial integrity, media reports said.
Air India Express launches 'Flash Sale' with XPress Lite Fares starting at Rs. 932
Sep 10, 2024, at 09:51 pm
Airlines major Air India Express launches ‘Flash Sale’ with Xpress Lite fares starting from Rs. 932 and zero convenience fee for logged-in members on the airline’s award-winning website, airindiaexpress.com and mobile app.
iPhone production in India expected to account for 25% of global shipments by 2025, says report
Sep 10, 2024, at 09:46 pm
New Delhi/IBNS: Driven by the 'Make in India' initiative and the production-linked incentive (PLI) scheme, Apple's flagship iPhone production in India has increased from under 1 percent in 2017 to 10 percent in 2023, and the American tech giant's goal is to scale up this figure to 25 percent of global shipments by 2025, according to a latest report by global investment firm Jefferies.
Telugu superstar Mahesh Babu's firm invests in Hyderabad-based nutrition brand Fitday
Sep 10, 2024, at 08:31 pm
Hyderabad/IBNS: Hyderabad-based nutrition brand Fitday on Monday (Sept. 9) said it has secured a strategic investment from Telugu superstar Mahesh Babu’s production house, GMB Entertainment.
Elon Musk may become the world's first trillionaire, followed by Gautam Adani, says report
Sep 10, 2024, at 07:22 pm
London/IBNS: Elon Musk, with a net worth of about $237 billion as of September 9, 2024, on the Bloomberg Billionaires Index, is on course to become the world's first trillionaire by 2027, according to a report by Informa Connect Academy.
Sep 10, 2024, at 06:38 pm
Bengaluru/IBNS: American tech giant Apple has started talks with Micron, the Tata Group, and other semiconductor manufacturers setting up plants in India to secure $12 billion worth of chips for its iPhones produced in the country.
India's power generation and transmission sectors expected to grow 2.2 times by FY2030: Report
Sep 09, 2024, at 10:36 pm
New Delhi/IBNS: India's power generation and transmission sectors are set for substantial growth in the coming years, according to a recent report by Jefferies, an American multinational independent investment bank and financial services company.
India, Japan discuss macroeconomic situation during Finance Dialogue
Sep 09, 2024, at 10:02 pm
India and Japanese officials recently exchanged their views on the macroeconomic situation in both countries during their second Finance Dialogue held on September 6.
Boeing offers employees a 25% pay hike in an effort to avoid strike
Sep 09, 2024, at 09:59 pm
Virginia/IBNS: American aerospace company Boeing is offering a 25 percent pay hike for its employees over the next four years in an effort to prevent a strike that could potentially disrupt its assembly lines as early as Friday.
Sep 09, 2024, at 09:45 pm
California/IBNS: In a recently viral throwback interview, Apple CEO Tim Cook clarified common misconceptions about the company's decision to manufacture in China, providing insight into the true reasons behind Apple's reliance on the country.
South Korea summit aims to create 'blueprint' for integrating AI into the military
Sep 09, 2024, at 08:07 pm
Seoul/IBNS: South Korea on Monday (Sept 9) hosted an international summit in its capital Seoul aimed at creating guidelines for the responsible use of artificial intelligence (AI) in military settings.
The rise of Gen AI poses an existential threat to Google
Sep 09, 2024, at 07:10 pm
California: For over twenty years, Google has been the dominant force in the online search market, building a $175 billion business that has become central to the internet experience.
China expands access to its manufacturing, healthcare sectors to foreign investments
Sep 09, 2024, at 06:50 pm
Beijing/IBNS: China is set to open its manufacturing sector completely to foreign investment and is expanding opportunities for foreign capital in its healthcare sector, as part of efforts to stimulate its economy, reports Bloomberg.
Nikkei leads declines in Asia; China's inflation falls short of forecast
Sep 09, 2024, at 05:47 pm
Tokyo/Shanghai/IBNS: Asia-Pacific markets declined on Monday (Sept 9), with Japan’s Nikkei 225 experiencing the sharpest losses in the region, following a weaker-than-expected US jobs report released on Friday (Sept 6).
Bandhan Bank partners with Ashok Leyland for vehicle finance facilities
Sep 09, 2024, at 07:03 am
Kolkata: Bandhan Bank has signed a Memorandum of Understanding (MoU), with Ashok Leyland, one of the leading commercial vehicle manufacturers, to enter into a strategic vehicle financing partnership for its customers.
Hitachi Payment Services unveils India’s first android-based cash recycling machine
Sep 09, 2024, at 06:46 am
Kolkata: Hitachi Payment Services, India’s leading payments and commerce solutions provider, today announced the launch of India’s first Android-Based Cash Recycling Machine, that functions as a Digital Banking Unit, to provide one-stop services in a modern digital banking environment.
Weak US jobs report paves the way for Federal Reserve interest rate cuts
Sep 08, 2024, at 07:08 am
Washington: U.S. employers slightly increased hiring in August compared to July's sluggish rate, while the unemployment rate fell for the first time since March, suggesting the job market is slowing down but still holding strong, news agency AP reported.