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Centre introduces diamond imprest authorisation scheme to revive sector

Jan 22, 2025

New Delhi, Jan 22 (IANS) With an aim to enhance the global competitiveness of India’s diamond sector, the government has introduced the Diamond Imprest Authorization (DIA) Scheme that will be implemented from April 1.The scheme provides a streamlined mechanism for duty free import of natural cut and polished diamonds, thereby promoting value…

LinkedIn appoints Deepak Agarwal as chief AI officer

Jan 22, 2025

New Delhi, Jan 22 (IANS) Professional networking platform LinkedIn on Wednesday announced that it has appointed Deepak Agarwal as the new chief AI officer (CAIO).Agarwal comes with 24 years of experience in engineering and AI roles, having…

Business

World at a critical inflection point, 2025 a year of enormous consequence: WEF President

Jan 22, 2025

Davos, Jan 22 (IANS) The world is at a critical inflection point and 2025 will be a year of enormous consequence, Borge Brende, President and CEO, World Economic Forum (WEF), has said, highlighting the need for new pathways to greater…

Business

Daemyung Sono Group moves to acquire T’way Air

Jan 22, 2025

Seoul, Jan 22 (IANS) Daemyung Sono Group, a leading condominium and resort company in South Korea, said on Wednesday it is seeking to acquire management control of low-cost carrier (LCC) T'way Air to improve the airline's operations and…

Business

Indian stock market opens higher as US tariff uncertainties ease

Jan 22, 2025

Mumbai, Jan 22 (IANS) The Indian benchmark indices opened higher on Wednesday, a day after uncertainties around US President Donald Trump’s trade tariffs triggered a huge fall.In early trade, the 30-stock Sensex rose to 76,209, trading…

Business

Tata Technologies reports Rs 169 crore profit in Q3 FY25

Jan 21, 2025

New Delhi, Jan 21 (IANS) Tata Technologies reported a net profit of Rs 169 crore for Q3 of the financial year (FY) 25 on Tuesday. The company’s net profit for the October-December period was slightly lower than the Rs 170 crore reported in…

Business

Gautam Adani says Jeet’s wedding will be a ‘simple and traditional family affair’

Jan 21, 2025

Prayagraj, Jan 21 (IANS) Adani Group Chairman Gautam Adani on Tuesday dismissed the rampant speculation and rumours circulating on social media about his son Jeet Adani’s upcoming wedding being a grand and extravagant affair. When asked by…

Business

Centre unveils Rs 2,000 crore projects to boost capacity at Mumbai’s Jawaharlal Nehru Port

Jan 21, 2025

Mumbai, Jan 21 (IANS) Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, on Tuesday launched multiple projects worth nearly Rs 2,000 crore in order to expand capacity at the Jawaharlal Nehru Port here.The Union Minister…

Business

WEF 2025: Andhra CM Naidu highlights India’s growing status as global economic powerhouse

Jan 21, 2025

Davos, Jan 21 (IANS) Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday highlighted India’s evolution as a global economic powerhouse that is expected to contribute the highest incremental global GDP in the world by…

Business

Sharing AI’s benefits equitably remains major challenge globally: WEF

Jan 21, 2025

Davos, Jan 21 (IANS) While artificial intelligence (AI) has the power to reshape economies and societies, ensuring that its benefits are shared equitably remains a major challenge globally, the World Economic Forum (WEF) said on Tuesday.The…

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