Business
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SK Group to secure USD 58 billion for AI, chip investments by 2026
Seoul: SK Group, South Korea’s chip-to-construction conglomerate, said on Sunday that it will secure 80 trillion won ($58 billion) by 2026 for investments, mainly in artificial intelligence and semiconductors. Some 20 chief…
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Indian equity markets surge nearly 14 pc in June quarter, leads in world top 10
Mumbai: Indian stock indices gave a stellar performance in the June quarter of FY 2024-25. During the April- June period, Indian stock market capitalisation increased by 13.8 per cent, the highest among…
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Market Outlook: PMI data, budget & auto sales key triggers for this week
Mumbai: Indian equity indices closed with gains last week despite mixed cues from global peers. Frontline indices both Sensex and Nifty posted gains of more than 2 per cent making their fourth…
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Infinix launches new laptop with GenAI capabilities in India
New Delhi: Infinix on Saturday launched a new laptop — the Zero Book Ultra AI PC, with generative artificial intelligence (GenAI) capabilities to create an ecosystem of future-forward laptops in India. The…
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Global public cloud infra market to reach $108 billion in 2024: Report
New Delhi: The shared (public) cloud infrastructure market reached $26.3 billion in the first quarter of this year globally, up 43.9 per cent compared to a year ago, according to a new…
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Record usage of X during US presidential debate: Elon Musk
New Delhi: Tesla and SpaceX CEO Elon Musk on Saturday said his social media platform X saw record usage as US President Joe Biden and his challenger, former President Donald Trump, attended…
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WhatsApp rolling out new feature to bring a communities tab to iPad
New Delhi: Meta-owned WhatsApp is reportedly working on a new feature to bring a ‘communities tab’ to iPad. As shown in the screenshot shared by WABetaInfo, WhatsApp is introducing the communities tab…
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India records sharp decline in share of imported coal in last 10 yrs
New Delhi: India has registered a sharp decline in the share of imported coal over the last 10 years with the compound annual growth rate (CAGR) of coal imports coming down from…
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Centre okays Rs 700 crore to set up institutes of pharma, medical technology
New Delhi: The Central government has earmarked Rs 700 crore to set up centres of excellence at the National Institutes of Pharmaceutical, Education & Research (NIPER) over the next five years to…
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Sensex at all-time high as largecap stocks lead
Mumbai: Indian equity indices opened in green on Friday following buying in largecap stocks. Sensex and Nifty made a new all-time high of 79,671 and 24,174 respectively. At 10 a.m., Sensex was…
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Hyderabad among ‘hub for employment’ cities in India: Report
Hyderabad: Hyderabad, along with Delhi and Bangalore, has emerged as a thriving hub for employment opportunities, according to a report released on Thursday, June 27. The report indicates that India is poised…
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Tech MSMEs in India eager to harness AI’s full potential: Nasscom-Meta
New Delhi: In India, 94 per cent of tech micro, small and medium enterprises (MSMEs) acknowledge artificial intelligence’s (AI) ability to drive business growth while 87 per cent of them showed confidence…
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AI flagship killer realme GT 6 democratises big storage in smartphones
New Delhi: The evolution of mobile phones has been remarkable, transforming from bulky, brick-like devices with protruding antennas to today’s sleek, powerful smartphones. Ironically, those early models had far less storage capacity…
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SBI raises Rs 10,00 crore via infrastructure bonds
Mumbai: The country’s biggest lender State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds at a coupon rate of 7.36 per cent that is payable annually. The…
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SL finalises debt restructuring agreement with Official Creditor Committee
Colombo: Sri Lanka’s President Ranil Wickremesinghe on Wednesday announced that debt restructuring agreements were finalised with bilateral lenders, including India and China, in Paris, describing the development as a “significant milestone” that…
