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Cabinet gives go-ahead to pact on India-Japan semiconductor partnership

Oct 25, 2023

New Delhi, Oct 25 (IANS) The Cabinet has given approval for the Memorandum of Cooperation (MoC) between the Ministry of Electronics and Information Technology and the Ministry of Economy, Trade and Industry of Japan on Japan-India Semiconductor Supply Chain Partnership, according to an official statement issued on Wednesday. The MoC which was…

Zomato launches maternity insurance plan for female delivery partners

Oct 25, 2023

New Delhi, Oct 25 (IANS) Online food delivery platform Zomato on Wednesday launched a comprehensive maternity insurance plan for the female delivery partners onboarded with the company. The insurance plan will cover expenses related to…

Business

Nifty’s expiry this week can add to volatility

Oct 25, 2023

New Delhi, Oct 25 (IANS) Nifty had the much awaited correction giving up almost 3 per cent for the week, says Jaykrishna Gandhi, Head - Business Development, Institutional Equities, Emkay Global Financial Services. The sell-off was even…

Business

Union Cabinet clears fertiliser subsidy worth Rs 22,000 cr: Sources

Oct 25, 2023

New Delhi, Oct 25 (IANS) The Union Cabinet on Wednesday is learnt to have cleared fertiliser subsidy worth Rs 22,000 crore for the Rabi season, which runs from October 2023 till March 2024. The Government has cleared an additional subsidy…

Business

Databricks acquires data startup Arcion for $100 mn

Oct 25, 2023

San Francisco, Oct 25 (IANS) US-based data and AI company Databricks has acquired data startup Arcion, which helps enterprises quickly and reliably replicate data across on-prem, cloud databases and data platforms. According to reports,…

Business

Sensex plunges more than 600 points to below 64K mark

Oct 25, 2023

New Delhi, Oct 25 (IANS) BSE Sensex plunged more than 600 points to breach the 64,000 points mark on Wednesday.Sensex is down 610 points at 63,961 points.Heavy selling in Sensex heavyweights with Infosys down 3 per cent, NTPC down 3 per…

Business

Garuda Aerospace raises Rs 25 cr for working capital to execute order book

Oct 25, 2023

Chennai, Oct 25 (IANS) With a confirmed order for 400 drones from Indian Farmers Fertiliser Cooperative Limited (IFFCO) and about 10,000 pre-bookings from various dealers, drone maker Garuda Aerospace has raised Rs 25 crore from investors…

Business

GST notices worth Rs 1 lakh crore issued to online gaming firms

Oct 25, 2023

New Delhi, Oct 25 (IANS) The oods and Services Tax (GST) authorities have issued show cause notices demanding as much as Rs 1 lakh crore from online gaming companies for tax evasion so far, a senior official confirmed on Wednesday.Last…

Business

LG Display remains in red for 6th straight quarter

Oct 25, 2023

Seoul, Oct 25 (IANS) LG Display reported sixth consecutive quarterly losses on Wednesday on sluggish demand stemming from a global economic slowdown, but the deficit decreased from the previous year and quarter.South Korea's major panel…

Business

Over 18K firms use Azure OpenAI service, paid Copilot users reach 1 mn: Nadella

Oct 25, 2023

New Delhi, Oct 25 (IANS) More than 18,000 organisations now use Azure OpenAI service, including new customers and the company is expanding its reach with digital-first companies with OpenAI APIs, Microsoft Chairman and CEO Satya Nadella has…

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