Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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VC firm Accel to invest up to $1 million in pre-seed startups in AI, Bharat
Bengaluru: Leading global venture capital firm Accel on Thursday announced the launch of Accel Atoms 4.0, the fourth edition of its pre-seed scaling programme. Selected startups will receive up to $1 million…
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Sensex, Nifty trade higher amid positive global cues
Mumbai: Indian equity indices opened in the green on Thursday, following positive global cues from Asian and US markets. At 9:54 a.m., Sensex was up 236 points or 0.29 per cent at…
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Govt approves two schemes with outlay of Rs 14,335 crore to promote EVs
New Delhi: The Union Cabinet on Wednesday approved two major schemes with a total outlay of Rs 14,335 crore to promote use of electric vehicles, including buses, ambulances and trucks. The two…
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4 GST officials held in Bengaluru in alleged case of kidnapping & extortion
Bengaluru: Bengaluru City Crime Branch police have arrested four Goods and Services Tax (GST) officials in connection with an alleged case of kidnapping and extortion. The arrests have been made based on…
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Indian EV Market projected to grow at over 40 pc CAGR till 2027: Report
Mumbai: The Indian Electric Vehicle (EV) market is expected to grow in the range of 35-40 per cent CAGR till the year 2027, according to a report on Wednesday. The report by…
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Apple reaches $5 billion in iPhone exports from India in April-August period
New Delhi: Driven by the production-linked incentive (PLI) scheme, Apple has reached around $5 billion in iPhone exports from India in the April-August period this fiscal. According to industry data, this is…
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1 Cr fraud numbers disconnected via Sanchar Saathi: DoT
New Delhi: The Department of Telecom (DoT) on Wednesday said that its Sanchar Saathi portal has disconnected ‘one crore fraud numbers’. DoT’s Sanchar Saathi portal is a citizen-centric web portal created to…
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Yotta, Nasscom & Telangana AI Mission launch Shambho Accelerator Programme for startups
Bengaluru: Digital transformation service provider Yotta Data Services on Wednesday launched Shambho accelerator programme for Cloud and Artificial Intelligence (AI) startups. Shambho, launched with support from Nasscom AI and Telangana AI Mission,…
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BMW, Ford to recall 31,279 vehicles over faulty parts
Seoul: BMW Korea and Ford Sales and Service Korea will voluntarily recall over 31,279 vehicles due to faulty components, the transport ministry here said on Wednesday. BMW will recall 2,787 vehicles across…
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EVs can drive Indian automotive industry reach Rs 134 lakh crore by 2047
New Delhi:The domestic automotive industry has crossed Rs 20 lakh crore mark in FY24 and has the potential to be worth $1.6 trillion (about Rs 134 lakh crore) by 2047, driven by…
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Sensex trades higher as Bharti Airtel and Axis Bank lead
Mumbai: Indian equity markets were trading higher as heavyweights like Bharti Airtel, Axis Bank, Power Grid, Nestle, NTPC, Sun Pharma, HCL Tech and Infosys emerged as top gainers in Sensex. At 9:45…
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India’s national security at risk due to Adani’s foreign investments: Congress
New Delhi: With the Adani Group floating a China subsidiary for providing project management services, the Congress on Tuesday alleged the risk is now that the conglomerate’s investments in China will add…
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Musk may be world’s first trillionaire by 2027, Adani in 2028, Ambani in 2033: Report
New Delhi: Elon Musk, the charismatic CEO of electric car maker Tesla and rocket manufacturer SpaceX, may become the world’s first trillionaire by 2027, while Indian tycoon Gautam Adani may attain that…
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iPhone production in India to reach 25 pc of global shipments by 2025: Jefferies
New Delhi: Buoyed by the ‘Make in India’ initiative and the production-linked incentive (PLI) scheme, iPhone production in India has gone up from less than 1 per cent in 2017 to 10…
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Sensex opens lower amid weak global cues
Mumbai: Indian equity indices opened in the red on Monday following weak global cues. At 9.32 a.m., Sensex was down 215 points or 0.27 per cent at 80,968 and Nifty was down…
