NEWS

Elon Musk to visit India as govt tweaks FDI rules for space sector as well

Elon Musk to visit India as govt tweaks FDI rules for space sector as well

23 Apr 2024

Elon Musk, CEO of tech enterprises Tesla, SpaceX, Starlink and X, has confirmed his India visit next week after the Indian government notified amendments to foreign investment rules in space sector, allowing 100 per cent FDI in satellite-related ventures.

CCI to engage agency for launching market study on AI

CCI to engage agency for launching market study on AI

23 Apr 2024

Competition Commission of India (CCI) has proposed to launch a market study to understand the ecosystem around Artificial Intelligence (AI) and its transformative influence on the market.

Vodafone Idea’s follow-on share offer subscribed 5.4 times

Vodafone Idea’s follow-on share offer subscribed 5.4 times

23 Apr 2024

Vodafone Idea’s Rs18,000-crore follow-on public offer (FPO) of equity shares managed to attract subscription for as many as 6.349 billion shares, against the 1.260 billion shares on offer, as the FPO closed for subscription on Monday.

India’s FY24 direct tax mop-up exceed revised estimates by Rs13,000 cr

India’s FY24 direct tax mop-up exceed revised estimates by Rs13,000 cr

23 Apr 2024

Net direct tax collection in India increased by 17.70 per cent to an estimated Rs19.58 lakh crore in the 2023-24 financial year, compared to Rs16.64 lakh crore in the previous financial year, provisional figures released by the finance ministry show.

UltraTech buys India Cement’s grinding unit, ups production capacity by 3 million tonnes

UltraTech buys India Cement’s grinding unit, ups production capacity by 3 million tonnes

22 Apr 2024

Aditya Birla group company UltraTech Cement is acquiring a 1.1 million tonne grinding unit from India Cements for Rs315 crore. The acquisition of the grinding unit will add 3 million tonnes cement manufacturing capacity to UltraTech in Maharashtra - including 1.2 million tonnes at Parli and 1.8 million tonnes at Dhule.

TSMC to get $6.6 bn direct federal funding for Arizona chip project

TSMC to get $6.6 bn direct federal funding for Arizona chip project

11 Apr 2024

Close on the heels of US government offer of financial assistance to Intel for expansion and modernisation of its production lines in California, Taiwan Semiconductor Manufacturing Company (TSMC) also said it will receive up to $6.6 billion in direct funding from the US federal government for setting up a state-of-the-art semiconductor plant in Phoenix, its third unit in Arizona.

RBI delays implementation of currency derivatives trading norms

RBI delays implementation of currency derivatives trading norms

05 Apr 2024

Reserve Bank of India (RBI) has pushed back the implementation of its directions on currency derivatives trade from 5 April to 3 May 2024

RBI keeps repo rate unchanged as focus remains on inflation

RBI keeps repo rate unchanged as focus remains on inflation

05 Apr 2024

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at its meeting on Friday (5 April 2024) decided to keep the policy repo rate under the liquidity adjustment facility (LAF)

India flight-tests new generation ballistic missile Agni-Prime

India flight-tests new generation ballistic missile Agni-Prime

05 Apr 2024

India’s Strategic Forces Command (SFC), along with Defence Research and Development Organisation (DRDO), on Wednesday conducted a successful flight-test of Agni-Prime, a new generation ballistic missile.

IIT Bombay teams up with Tata Memorial Hospital to launch gene therapy for cancer

IIT Bombay teams up with Tata Memorial Hospital to launch gene therapy for cancer

05 Apr 2024

President of India, Droupadi Murmu, on Thursday  launched India’s first home-grown gene therapy for cancer at IIT Bombay. The technology developed by Indian Institute of Technology, Bombay (IIT-B) jointly with the Tata Memorial Hospital, has already been successfully applied on a 64-year-old man, who also became the first patient to be cured using India's own CAR-T cell therapy.

N-power key to India achieving net-zero emission level: IIM report

N-power key to India achieving net-zero emission level: IIM report

05 Apr 2024

Decarbonisation of India’s economy to net-zero level by the year 2070 would require substantial addition of nuclear power and renewable energy generation capacity.

British media group The Independent to acquire BuzzFeed’s UK operations

British media group The Independent to acquire BuzzFeed’s UK operations

03 Apr 2024

British newspaper group The Independent is acquiring US-based online media BuzzFeed's operations in the UK and Ireland in a multi-year licensing deal, the companies announced on Thursday.