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Samsung names new chief for its semiconductor business

May 21, 2024

Seoul, May 21 (IANS) Samsung Electronics announced on Tuesday it has appointed Jun Young-hyun as the new head of its semiconductor business in an apparent move to strengthen its market competitiveness.Kyung Kye-hyun, who previously led the key unit of the world's largest memory chip maker, will transition to the future business planning unit,…

Microsoft introduces ‘Copilot+ PCs’ for AI era, available from June 18

May 21, 2024

New Delhi, May 21 (IANS) Tech giant Microsoft has introduced a new category of Windows PCs designed for the artificial intelligence (AI) era.Called ‘Copilot+ PCs’, these are the fastest and most intelligent Windows PCs ever built, the…

Business

Oil India posts 17 pc jump in Q4 net profit

May 20, 2024

New Delhi, May 20 (IANS) Oil India Limited (OIL) has reported a 17 per cent increase in consolidated net profit at Rs 2332.94 crore in the Jan-March quarter of the financial year 2023-24 compared to the corresponding figure of Rs 1,979.74…

Business

Cyber security company CyberArk acquires Venafi for $1.54 billion

May 20, 2024

New Delhi, May 20 (IANS) Cyber security company CyberArk on Monday announced it is acquiring Venafi, a leader in machine identity management, from software-focused investor Thoma Bravo, for $1.54 billion in a cash and stock deal.The…

Business

No one will lecture India about ‘WTO norms’ anymore: Zoho’s Vembu

May 20, 2024

New Delhi, May 20 (IANS) Zoho Founder and CEO Sridhar Vembu on Monday said that no country will lecture India about World Trade Organisation’s (WTO) norms anymore after the US imposed hefty tariffs on Chinese electric vehicles (EVs).In…

Business

Wheels India logs Rs 67.9 cr PAT, dividend Rs 7.39 per share

May 20, 2024

Chennai, May 20 (IANS) Automobile wheel maker Wheels India Ltd said on Monday that it closed FY24 with a higher net profit of Rs 67.9 crore.According to Wheels India, the company closed FY24 with a revenue of Rs 4,619 crore (FY23 - Rs 4,345…

Business

Now order ISKCON’s ‘Maha Prasad’ online via govt’s ONDC network

May 20, 2024

New Delhi, May 20 (IANS) The 'Maha Prasad' from International Society for Krishna Consciousness (ISKCON) is now available for order online at the government’s Open Network for Digital Commerce (ONDC), it was announced on Monday. ISKCON has…

Business

Uber awarded license to operate buses in Delhi

May 20, 2024

Uber, India’s leading ride-hailing app, has been granted an aggregator license by the Transport Department, Government of Delhi, to operate buses under the Delhi premium Bus Scheme.

Business

PE fund Arpwood Partners infuses Rs 680 crore in low-cost home financer Sitara

May 20, 2024

New Delhi, May 20 (IANS) Buyout-focused private equity fund Arpwood Partners on Monday said it has acquired a majority stake in SEWA Grih Rin (Sitara) Ltd with an equity commitment of Rs 680 crore.Sitara is an affordable housing finance…

Business

Ananant Systems joins India Electronics and Semiconductor Association to drive innovation

May 20, 2024

Bengaluru, May 20 (IANS) In a boost to the country's chip manufacturing goals, semiconductor and wireless systems company Ananant Systems on Monday announced its membership with the India Electronics and Semiconductor Association (IESA).The…

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