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Gold Prices Set to Fall Further after Donald Trump's Win
Gold prices continue to fall after the US presidential election and on Thursday, the December future contracts of gold on MCX opened with a decline of 0.37 per cent at Rs 76,369 per 10 grams, while silver December future contracts were trading 0.24 per cent low at Rs 90,601...
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Freshworks to Cut Its Workforce by 13 PC to Streamline Operations
Artificial intelligence (AI) service software provider Freshworks has announced a workforce reduction of 13 per cent to streamline its operations, affecting at least 660 employees worldwide.In a stock exchange filing on Nasdaq, the Chennai/US-based company said that in...
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TCS Inks Multi-year Deal to Make Air France-KLM Leading Data-driven Airline
Tata Consultancy Services (TCS) on Thursday said it has signed a multi-year deal with Air France-KLM to help it become the leading data-centric airline group in the world.Over the next three years, TCS will modernise the airline group's data by moving it to cloud, promoting...
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Deutsche Bank invests Rs 5,113 crore to expand India operations
German lender Deutsche Bank has announced the infusion of an additional Rs 5,113 crore to bolster its India operations.This is the largest capital allocation to India in recent years and will be used for expanding business across corporate banking, investment banking and...
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Vehicle Sales Surge 32 PC on Back of Festive Discounts, High Rural Incomes
The total retail sales of cars, two-wheelers and commercial vehicles in India surged by as much as 32 per cent in October to 28.33 lakh units from 21.44 units in the same month last year on the back of bigger discounts in the festive season and higher rural incomes,...
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Sensex and Nifty Down 1 PC in Early Trade amid Heavy Selling
The Indian stock market opened in red on Thursday as heavy selling was seen in metal, auto, financial service, pharma, FMCG, energy, private bank and infrastructure sectors in early trade.Sensex was trading at 79,549 after falling more than 800 points or 1 per cent. At the...
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Hyundai Motor Pips Volkswagen to Become World's 2nd-largest Automaker
Hyundai Motor Group has outperformed Volkswagen Group to become the world's second-largest automaker in terms of operating profit, industry data showed on Thursday.According to automotive industry data, Hyundai Motor Group achieved sales of 69.4 trillion won ($49.6 billion)...
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S. Korea to Foster Radiopharmaceuticals Industry for Exports by 2035: Science Ministry
South Korea aims to fully self-supply radioactive isotopes by 2030 as part of efforts to foster the local radiobiology industry and begin exporting radiopharmaceuticals by 2035, the science ministry said on Thursday."We have devised a strategy to spearhead into the global...
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Apple releases iOS 18.2 public beta with AI emoji app, ChatGPT-Siri integration
Apple has released iOS and iPadOS 18.2 software updates into public beta that include new features like an AI emoji generator app, ChatGPT integration with Siri and visual search using iPhone 16 cameras.The new Apple Intelligence features, that were earlier available to...
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Centre Invites Proposals to Set up Centres of Excellence on Green Hydrogen
The government on Thursday announced to invite proposals for setting up Centres of Excellence (CoEs) in research and development for Green Hydrogen.The call for proposals (CfP) has been issued by Ministry of New and Renewable Energy and the CoEs will be set up under the...
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Adani Group Stocks Surge, Add RS 54,381 CR in Market Cap
The share price of all the companies in the Adani Group surged on Wednesday, adding Rs 54,381.06 crore worth of wealth to the investors' kitty.The market cap of Adani Group companies rose to Rs 16 lakh crore.Shares of Adani Group companies gained, while the NSE Nifty 50...
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SC to Pronounce Judgment Today on Jet Airways Ownership
The Supreme Court is set to pronounce its judgment on Thursday on lenders' plea challenging the transfer of ownership of grounded Jet Airways to Jalan Kalrock Consortium (JKC).According to the cause list published on the apex court's website, a bench of CJI DY Chandrachud...
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Bitcoin Expected to Hit $80,000 as Crypto Fan Trump Edges Closer to Victory
As Donald Trump edged closer to victory in the US presidential election, Bitcoin surged to a record high of $75,060, fuelling investors' excitement in the cryptocurrency sector.The world's most valuable digital asset saw 7 per cent growth on Tuesday alone (US time).Trump...
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Finance Ministry Tells Banks to Give More Loans for Agri-allied Activities
The Finance Ministry has asked public sector banks to increase credit availability for animal husbandry, dairying, and fisheries to ensure that targets are met for the current financial year.The progress of credit disbursement to these agri-allied activities was reviewed at...
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India's Smaller Cities Drive Online Sales During Festive Season: Report
There has been a 49 per cent surge in online sales during the festive season this year driven mainly by purchases from smaller cities (Tier-II and Tier-III) in the country, which account for over 60 per cent of sales, according to a report compiled by logistics intelligence...
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India's Services Sector Growth Surges in Oct
Indian service providers maintained a strong rate of output expansion in October, with growth recovering from September's ten-month low, which also led to the creation of more jobs during the month, according to HSBC's survey released on Wednesday.Participants of the HSBC...
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Salesforce India Clocks 36 PC Revenue Growth at RS 9,116 Crore in FY24, Expands Footprint
Enterprise software major Salesforce India saw its total revenue rise more than 36 per cent to Rs 9,116.3 crore last fiscal (FY24) from the previous year, according to its regulatory filing with the Registrar of Companies.The company on Wednesday committed to a new...
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PhonePe, Bharat Connect Partner to Launch Easy Contributions for National Pension System
PhonePe on Wednesday announced the launch of contributions to NPS (National Pension System) as a new savings category under Bharat Connect (earlier known as BBPS), on its platform.With this launch, PhonePe enables millions of users to now make seamless, secure, and easy...
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$1.5 Billion Apple-Globalstar Deal to Transform Direct to Device Satellite Game
The $1.5 billion Apple-Globalstar deal packs a competitive punch for virtually all corners of the connectivity market ecosystem, from carriers to original equipment manufacturers (OEMs), according to a report on Wednesday.Apple plans to invest $1.1 billion in satellite...
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Make Google a 'trusted Source' in US Election: Sundar Pichai to Employees
As the White House race entered the crucial counting stage, Alphabet and Google CEO Sundar Pichai told employees to make sure that "the products we build" are "a trusted source of information to people of every background and belief."In a memo to employees, Pichai said...
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Indian Stock Market Opens in Green Ahead of US Election Outcome
As counting for the keenly-contested US presidential election went underway, the Indian stock market opened in green on Wednesday as buying was seen in sectors like realty, media, energy, private bank and infrastructure.Sensex was trading at 80,087.35 after rising 610...
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Nvidia Surpasses Apple to Become World's Largest Company in AI Era
Graphics chip giant Nvidia has become the world's largest company by market capitalisation, surpassing Apple, in the artificial intelligence (AI) era.Nvidia was valued at $3.43 trillion at the close of market late on Tuesday, crossing Apple's $3.38 trillion market...
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India's B2B2C Mental Health Market Likely to Reach $3.9 Billion by FY29
Driven by the rise in digital adoption, the enterprise-driven business-to-business-to-consumer (B2B2C) mental health market in India is projected to reach approximately $3.9 billion by FY29, with demand expected to grow 1.7 times in the coming years, according to a new...
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Hydrogen Demand in Mobility Sector up 59 PC in South Korea
South Korea's demand for hydrogen in the mobility sector jumped 59 per cent through September from a year earlier, data showed on Wednesday.The combined consumption of hydrogen in the sector reached 6,389 tons over the January-September period, rising sharply from 4,016...
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Collective Efforts Key to Innovate, Implement Solar Energy amid Rising Climate Change: Pralhad Joshi
Amid rising challenges posed by climate change, collective efforts are crucial to innovate and implement the sustainable solution of solar energy, said Pralhad Joshi, Union Minister of New and Renewable Energy.Joshi said this at the third edition of the high-level...