BUSINESS
Tesla exploring to build battery storage factory in India: Report
According to a report in Reuters, citing sources, the electric car-maker proposed supporting the country's battery storage capabilities with its “Powerwall" during recent meetings.
India continues to help SL’s crippled railway, completes projects worth over $1bn
Continuing its support to the crisis hit neighbour, India on Thursday signed an agreement to install signaling system for 66 km railway track from North Central city of Anuradhapura to North-Western province’s Mahoat a cost of nearly $15 million.
Pakistan will have the highest inflation rate in Asia
The Asia Development Outlook, the flagship publication of the Asian Development Bank (ADB), has slightly revised downward the economic growth forecast to 1.9 per cent, but it has significantly increased the inflation projection to 25 per cent for the current fiscal year, The Express Tribune reported.
GenAI to generate economic value worth $2.6-$4.4 trillion annually: Report
Emerging GenAI use cases will drive productivity, growth for tech services players with reimagined service offerings over next 5 years, according to the report by Nasscom in association with McKinsey & Company.
Cisco to acquire cybersecurity leader Splunk for $28 bn in GenAI era
Upon close of the acquisition, Splunk’s CEO, Gary Steele, will join Cisco’s Executive Leadership Team, reporting to Cisco Chairman and CEO Chuck Robbins.
Crypto job market dips in India after seeing growth in past 3 yrs: Report
According to the leading job portal Indeed, the job postings for crypto-related positions decreased by 64.20 per cent, and searches for such jobs dropped by 15.20 per cent between August 2022 and 2023.
SJVN share sale attracts Rs 1,450cr worth bids on 1st day
"Offer for Sale in SJVN received enthusiastic response from non-retail investors today. The issue was subscribed 2.4 times of the base size. Govt has decided to exercise the green shoe option," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey posted on X.
Glenmark Pharma to sell 75% stake in life sciences unit to Nirma for Rs 5,651 cr
The research-led, integrated, global pharmaceutical company has entered into a definitive agreement with Nirma Limited to divest 75 per cent stake in its subsidiary, Glenmark Life Sciences (GLS), at a price of Rs 615 per share for an aggregate consideration of Rs 5,651.5 crore, subject to closing adjustments.
Nifty intra-day rises in the near term could face profit taking
Nifty could now remain in the 19,645-19,865 band for the near term. Intra-day rises in the near term could face profit taking/sell on rise, said Deepak Jasani, Head of Retail Research at HDFC Securities.
India-Canada row: Nasscom says will engage with stakeholders to track any impact
Nasscom said that it will engage with stakeholders to track the impact, if any, and support the IT and tech companies if needed, as New Delhi suspended visa services for Canadian citizens "till further notice".
Don't Miss
Advertisement