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Daimler India Commercial Vehicles to enter into battery electric market in 6 to 12 months

Apr 17, 2024

New Delhi, April 17 (IANS) Daimler India Commercial Vehicles (DICV), the wholly-owned subsidiary of Daimler Truck AG, on Wednesday announced its entry into the battery electric market with the light-duty 'eCanter' trucks which will be launched within the next 6 to 12 months.The eCanter for India is currently undergoing advanced testing. The…

Intel builds 1st large-scale neuromorphic system to enable sustainable AI

Apr 17, 2024

New Delhi, April 17 (IANS) Chip maker Intel on Wednesday announced that it has built the world's largest neuromorphic system called 'Hala Point' to enable more sustainable artificial intelligence (AI).Initially deployed at Sandia National…

Business

Tech firm Sabre appoints Rajiv Bhatia as Executive Director

Apr 17, 2024

New Delhi, April 17 (IANS) Software and technology company Sabre Corporation on Wednesday announced the appointment of industry leader Rajiv Bhatia as Executive Director to help advance its growth strategy in Asia Pacific (APAC).Bhatia,…

Business

Samsung develops industry’s fastest DRAM chip for AI applications

Apr 17, 2024

Seoul, April 17 (IANS) Samsung on Wednesday said that it has developed the industry's first low-power double data rate 5X (LPDDR5X) DRAM (Dynamic Random Access Memory) chip, a memory solution tailored for artificial intelligence (AI)…

Business

Healthcare platform MediBuddy achieves break-even in FY24

Apr 17, 2024

New Delhi, April 17 (IANS) Digital healthcare platform MediBuddy on Wednesday said it reached break-even with a marginal loss as it closed the previous fiscal year (FY23-24), approaching towards EBITDA neutrality.The company said its user…

Business

Food chain Wow! Momo raises Rs 70 crore from Z3Partners

Apr 17, 2024

New Delhi, April 17 (IANS) Quick-service restaurant (QSR) chain Wow! Momo, on Wednesday, said it has raised Rs 70 crore from Z3Partners, which is as an extension to its latest round of fundraise.The round builds upon the previous funding of…

Business

LightFury Games raises $8.5 mn to make high-end titles in India

Apr 17, 2024

New Delhi, April 17 (IANS) Gaming startup LightFury Games on Wednesday said it has secured $8.5 million in its maiden fundraising round led by Blume Ventures and other key investors.The startup added that it will use the funds to build AAA…

Business

UP now has the most GI-tagged items in the country

Apr 17, 2024

Varanasi, April 17 (IANS) Six more products from Uttar Pradesh have been given the Geographical Indication (GI) tag.These include the famous ‘Tirangi Barfi’ of Kashi, a tricoloured sweet that was sold to prove a point by freedom fighters…

Business

CBDT signs record 125 pacts to ease tax payments by big multinational firms

Apr 17, 2024

New Delhi, April 16 (IANS) Central Board of Direct Taxes (CBDT) has entered into a record number of 125 Advance Pricing Agreements (APAs) in 2023-24 with taxpayers as part of the government’s policy to promote ease of doing business,…

Business

Paytm clarifies licensing process status amid speculations, says govt champions fintech

Apr 16, 2024

New Delhi, April 16 (IANS) Fintech major Paytm on Tuesday clarified the status of its licensing process amid recent speculations, saying it has not received any communication suggesting a deferral or penalties and any notion to the contrary…

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