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41% decline in deal values in Indian market in October: Report

Nov 16, 2023

New Delhi, Nov 16 (IANS) India saw 122 deals valued at $2.5 billion in October, a 41 per cent decline in deal values from the previous month, a report showed on Thursday.Despite a decline in deal values, primarily due to the absence of major M&A transactions, October showcased resilience with a 14 per cent increase in deal volumes.High-value…

ONGC, Oil India Ltd to benefit as Govt cuts windfall tax on crude oil

Nov 16, 2023

New Delhi, Nov 16 (IANS) The government on Thursday reduced windfall tax on crude oil to Rs 6,300 per tonne from Rs 9,800 in its fortnightly review which will benefit upstream oil companies including ONGC and Oil India Ltd.In the last…

Business

WeWork India adds 2 new buildings with over 4K desks in B’luru, Hyderabad

Nov 16, 2023

New Delhi, Nov 16 (IANS) In line with its commitment towards long-term growth and expansion, flexible workspace provider WeWork India on Thursday announced the signing of lease agreements for two new buildings -- Manyata Redwood in…

Business

HonorTech partners with The Akshaya Patra Foundation to serve 2.5 lakh meals

Nov 16, 2023

New Delhi, Nov 16 (IANS) Demonstrating its commitment to social responsibility, HonorTech on Thursday announced its partnership with the world's leading NGO, The Akshaya Patra Foundation, to serve 2,50,000 meals to school children through…

Business

Piyush Goyal holds discussion with chip giant Micron’s CEO in US

Nov 16, 2023

New Delhi, Nov 16 (IANS) Union Commerce and Industry Minister Piyush Goyal held a meeting with chip giant Micron Technology’s CEO Sanjay Mehrotra in the US and discussed how India's growing semiconductor ecosystem presents vast…

Business

Several top large-cap stocks have hardly given any returns in past 2-3 yrs

Nov 16, 2023

New Delhi, Nov 16 (IANS) Indian mega-cap stocks are in a bear market, with several top large-cap. stocks have hardly given any returns over the past 2-3 years, the Kotak Institutional Equities said in a report.“The outcome of various events…

Business

UCO Bank stops online IMPS transfers as flawed payments surface

Nov 16, 2023

Mumbai, Nov 16 (IANS) The government-owned UCO Bank has temporarily stopped online Immediate Payment System (IMPS) transfers as funds from transactions initiated by customers of other banks were credited to account holders of UCO Bank, but…

Business

Sensex scales 66K mark with 400-point jump

Nov 16, 2023

New Delhi, Nov 16 (IANS) BSE Sensex crossed the 66,000 mark on Thursday as the index moved up 400 points.BSE Sensex is trading above 66,000 points, NTPC leads the gains up by 2 per cent, TCS up by 2 per cent.V.K. Vijayakumar, Chief…

Business

Just 26% of Indian firms fully prepared to deploy, leverage AI

Nov 16, 2023

Bengaluru, Nov 16 (IANS) Only 26 per cent of organisations in India are fully prepared to deploy and leverage Artificial Intelligence (AI)-powered technologies, a new report showed on Thursday.Indian companies are racing against time as 75…

Business

Microsoft unveils 2 custom-designed chips to drive AI innovations

Nov 16, 2023

San Francisco, Nov 16 (IANS) Heating up the AI race, Microsoft has unveiled two in-house, custom-designed chips and integrated systems that can be used to train large language models.The Microsoft Azure Maia AI Accelerator is optimised for…

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