BUSINESS
Siemens to use Google Cloud to improve shop floor productivity
"The potential for artificial intelligence to radically transform the plant floor is far from being exhausted. Many manufacturers are still stuck in AI ‘pilot projects' today, we want to change that," said Axel Lorenz, VP of Control at Factory Automation of Siemens Digital Industries.
Centre working with states to protect lives, livelihood: FM
"Spoke on telephone with each of the following business/Chamber leaders. Took their inputs on industry/Association related matters. Informed them that GoI at various levels from @PMOIndia is responding to #Covid management. Working together with states for lives and livelihoods," she said.
Sensex tanks 1,400 points amid surging Covid cases
It touched an intraday low of 47,362.71 so far. Around 10.10 a.m., Sensex was trading at 47,561.41, lower by 1,270.62 points or 2.60 per cent from its previous close of 48,832.03.
S Korea to invest $38M in illegal drone response tech by 2025
A consortium of 23 companies and research institutes -- which includes the Korea Atomic Energy Research Institute, the Korea Aerospace Research Institute and aerospace and defense firm LIG Nex1 Co. -- will develop a response system that spots and neutralises the illegal unmanned aircraft, according to the Ministry of Science and ICT.
FPIs pull out Rs 4,643 cr from Indian equities so far in April
So far in 2021, net FPI investments into the equity market have stood at Rs 51,099 crore, with net investments in January, February and March at Rs 19,473 crore, Rs 25,787 crore and Rs 10,482 crore, respectively.
Airtel Payments Bank increases day-end balance limit to Rs 2 lakh
"The RBI's decision to increase the balance limit is an endorsement of the role Payments Banks have in furthering financial and digital inclusion in India. We are glad to enable this increased day-end balance limit for our customers," Anubrata Biswas, MD and CEO, Airtel Payments Bank, said in a statement.
Future Retail board, lenders approve debt restructuring plan
In a regulatory filing, the company said that the board approved the plan in its meeting on Saturday. It now requires the approval of the expert committee, under the chairmanship of the K.V. Kamath constituted by the Reserve Bank of India.
Modern retail severely dented due to 2nd wave of Covid: SCAI
In a statement, the industry body noted that it has been urging the government to support the industry with financial waivers and allow shopping malls to operate once they reopen the other markets. In order to supplement the government's effort in carrying out an extensive vaccination drive, SCAI has also approached the state governments to conduct the vaccination camps at malls.
Aircel & RCOM steering towards liquidation, resulting in Rs 60,000 Cr NPA for Indian and Foreign Banks
According to experts, based on the NCLAT Judgement, the Resolution Plan of UV Asset Reconstruction Company Ltd. (UVARCL) for Aircel, which was approved in June 2020, will be unworkable and the company will be heading for liquidation, resulting in zero recoveries for Rs 18,000 crore owed to the lenders.
HDFC Bank's Q4 standalone net profit rises over 18%
The bank's net profit for the fourth quarter of FY21 rose to Rs 8,186.5 crore on a YoY basis. "After providing Rs 2,652.6 crore for taxation, the bank earned a net profit of Rs 8,186.5 crore, an increase of 18.2 per cent over the quarter ended March 31, 2020," HDFC Bank said in a statement.
Don't Miss
Advertisement