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Nvidia has teamed up with Reliance Industries to develop AI infrastructure in India, announced during Nvidia’s inaugural AI Summit in Mumbai. CEO Jensen Huang and Reliance Chairman Mukesh Ambani discussed India’s potential as a global AI hub. Ambani emphasized the need for India to create its own AI services, linking Nvidia’s mission with the country’s […]
Indian stock markets ended Thursday’s trading session on a flat note, biased towards negative. Sensex ended at 80,065.16, down merely 16.82 points or 0.02% from its previous close. Nifty ended 36.10 points or 0.15% lower at 24,399.40 levels. In broader markets, Midcap, and Smallcap indices ended down by 0.33%, and 0.20% respectively.
Ashok Leyland on Thursday announced that its electric mobility division, OHM Global Mobility, secured an order for 500 ultra-low floor electric buses from Chennai’s Metropolitan Transport Corporation. Switch Mobility will provide EiV12 model buses, which OHM will operate and maintain for 12 years. This follows Ashok Leyland’s recent delivery of electric trucks to Billion Electric [&...
Here are the silver prices per 10 grams today in the top cities. ★ Chennai – ₹1121, ★ Mumbai – ₹1041, ★ Delhi – ₹1041, ★ Kolkata – ₹1041, ★ Bangalore – ₹991, ★ Hyderabad – ₹1121, ★ Kerala – ₹1111, ★ Pune – ₹1041, ★ Vadodara – ₹1041, ★ Ahmedabad – ₹1041, ★ Jaipur […]
The Sensex and Nifty opened at fresh record levels in early trade today, October 24, 2024. The Sensex started trading today at 80183.32, up 101.34 points or 0.13%, and the Nifty was at 24410.70, up 24.80 points or 0.10%. Meanwhile, the Indian rupee was trading today at 84.04 against the dollar.
Here are the petrol prices per liter today in the top metro cities in India. ★ Delhi – ₹94.72, ★ Kolkata – ₹104.95, ★ Mumbai – ₹103.44, ★ Chennai – ₹100.98, ★ Gurgaon – ₹94, ★ Noida – ₹94.72, ★ Bangalore – ₹102.88, ★ Bhubaneswar – ₹101.06, ★ Chandigarh – ₹94.24, ★ Hyderabad – ₹107.41, […]
The Voluntary Retirement Scheme (VRS) is a program allowing employees to voluntarily leave their job in exchange for a financial package. Typically offered by organizations facing restructuring or downsizing, VRS aims to reduce workforce while minimizing layoffs. Eligibility often includes criteria such as a minimum tenure and age limit. Employees to gain a financial cushion […]
A recent Oxford Economics study reveals India has failed to attract a significant share of manufacturing relocating from China amid US-China trade tensions. From 2017 to 2023, India’s US import share increased by only 0.6%, while Vietnam’s rose by 1.7%. Despite initiatives like the “Make in India” campaign, India’s manufacturing contribution to GDP remains stagnant...
Paytm has received approval from the National Payments Corporation of India (NPCI) to onboard new UPI users, following earlier restrictions imposed by the RBI. This decision allows Paytm to expand its UPI services through four banks: SBI, Axis Bank, HDFC Bank, and YES Bank. Paytm reported a net profit of ₹928.3 crore for Q2 2024, […]
The Indian government has lifted the minimum export price of USD 490 per tonne for non-basmati white rice, aiming to enhance overseas shipments. This decision follows the removal of a blanket export ban imposed in July 2023. With ample rice stocks and controlled retail prices, the move seeks to boost exports, which totaled USD 201 […]
The Supreme Court has stayed the NCLAT bench’s permission for the bankruptcy proceedings of popular edtech firm BYJU’S. It set aside the decision regarding pending bills of ₹158.9 crore owed by BYJU’S to the BCCI and ordered the company to deposit the full amount. BYJU’S, which was supposed to act as BCCI’s jersey sponsor until […]
The Supreme Court has stayed the NCLAT bench’s permission for the bankruptcy proceedings of popular edtech firm BYJU’S. It set aside the decision regarding pending bills of ₹158.9 crore owed by BYJU’S to the BCCI and ordered the company to deposit the full amount. BYJU’S, which was supposed to act as BCCI’s jersey sponsor until […]
Reliance Industries Ltd (RIL) Chairman Mukesh Ambani, who has ventured into multiple sectors and become the richest man in India, is now looking to enter the insurance industry. To this end, Jio Financial Services Ltd has engaged in discussions with Allianz SE. Meanwhile, German insurance giant Allianz is seeking to exit two existing joint ventures […]
Zomato has raised its platform fee to ₹10 from ₹7 as the festive season approaches. This fee adjustment, first introduced at ₹2 in August 2023, aims to improve margins. The increase could yield an additional ₹65 crore annually based on Zomato’s FY2023 order volume. The company also reported a modest rise in Q2 profits amid […]
The Rashtriya Ispat Nigam Limited, the corporate entity of Visakhapatnam Steel Plant in Andhra Pradesh, is a Navratna status public sector undertaking under the Union Ministry of Steel. Established in 1982, RINL was fully owned by the central govt. It received Navratna status from the govt in November 2010. Notably, the Vizag Steel Plant is […]