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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No notice from US Department of Justice: Adani Group
New Delhi: After a JP Morgan report stated that the scope for bribery looks “highly unlikely” for the Adani Group given the high level of transparency involved in renewable energy sector in…
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Rupee edges up 1 paisa to 83.02 against US dollar in early trade
Mumbai: The rupee edged up 1 paisa to 83.02 against the US dollar on Wednesday ahead of the announcement of the key US Fed policy decision later in the day. At the…
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Net direct tax collections for FY 2023-24 grow at over 19.88 p.c.
New Delhi: The provisional figures of direct tax collections for the Financial Year 2023-24 as on March 17, 2024, show that net collections were at Rs 18,90,259 crore as compared to Rs…
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Satya Nadella welcomes Mustafa Suleyman as CEO of Microsoft AI
New Delhi: Microsoft Chairman and CEO Satya Nadella on Tuesday welcomed Mustafa Suleyman as CEO of the company’s artificial intelligence (AI) venture. As CEO of Microsoft AI, Suleyman will lead consumer AI…
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India’s direct tax collections jump 20% to cross Rs 18. 9 lakh cr in 2023-24
New Delhi: The country’s Direct Tax collections for the current financial year, ending on March 31, 2024 have shot up by 19,88 per cent to Rs 18,90,259 crore compared to Rs 15,76,776…
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Unilever to spin off ice cream business, eliminate 7,500 jobs
New Delhi: Unilever, the parent company of Hindustan Unilever, on Tuesday announced to separate its ice cream unit into a standalone business, in a restructuring exercise that will result in nearly 7,500…
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Indian workers with AI skills could see pay hikes of over 54 pc: Report
New Delhi: When artificial intelligence (AI) is fully harnessed, Indian workers with AI skills and expertise could see salary hikes of more than 54 per cent, with workers in IT (65 per…
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Indian SaaS startups poised to create 100 new AI unicorns: Report
Bengaluru: Indian AI software-as-a-service (SaaS) startups are poised for the next wave of innovation, helping create 100 new AI unicorns, a new report showed on Tuesday. The convergence of SaaS, AI and…
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Lenovo launches new lineup of gaming laptops with AI features in India
New Delhi: Global technology brand Lenovo on Tuesday launched the new lineup of Legion gaming laptops in India, with Artificial Intelligence (AI) and next-gen features. The new lineup includes — Legion Pro…
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Relso raises funds from Venture Catalysts, other investors
New Delhi: Relso, a furniture and home furnishings sourcing and export company, on Tuesday said that it raised $840,000 in a pre-seed round led by leading angel-investing platforms Ventures Catalysts and Inflection…
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Flipkart, IIT Delhi to research on personas to boost personalised suggestions
New Delhi: E-commerce major Flipkart on Tuesday said that it signed a Memorandum of Understanding (MoU) with the Foundation for Innovation and Technology Transfer (FITT), the industry interface organisation of the Indian…
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HCLTech, global chip IP provider CAST to offer customised semiconductors
New Delhi: HCLTech and global semiconductor Intellectual Property (IP) provider CAST on Tuesday announced plans to offer customised chips to enable Original Equipment Manufacturers (OEMs) across industries to accelerate their digital transformation.…
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We now have a chip for generative AI era: Nvidia CEO
New Delhi: As big tech companies aims to lead the generative AI race, Nvidia Founder and CEO Jensen Huang has said that they have created a processor for the GenAI era. Huang…
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Cisco completes $28 billion acquisition of cybersecurity leader Splunk
San Francisco: Networking major Cisco on Monday announced it has completed the acquisition of Splunk, the leader in cybersecurity and observability, for about $28 billion in the generative AI era. The acquisition…
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Rupee declines 5 paise to 82.95 against US dollar on firm crude prices
Mumbai: The rupee declined 5 paise at 82.95 against the US dollar on Tuesday due to firm crude oil prices and foreign fund outflows. At the interbank foreign exchange market, the rupee…
