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Samsung set to expand chips supply chain after $6.4 bn US grants

Apr 16, 2024

Seoul, April 16 (IANS) Samsung is set to accelerate the expansion of its global semiconductor supply chain in the era of artificial intelligence (AI), following a subsidy of $6.4 billion from the US government and its extended investment plan. Under the Biden Administration's announcement, the South Korean chipmaker will receive up to $6.4 billion…

Reviewing realme P1 Pro 5G: Best player in display & performance starting from Rs 19,999

Apr 16, 2024

New Delhi, April 16 (IANS) realme has introduced its latest mid-range series, the realme P series 5G. Focusing on Power and Performance, the realme P1 Pro 5G start from under the Rs 20,000 bracket with an array of interesting…

Business

B2B marketplace ProcMart raises Rs 250 cr led by Fundamentum, Edelweiss Discovery Fund

Apr 16, 2024

New Delhi, April 16 (IANS) Online B2B marketplace ProcMart on Tuesday said it has raised $30 million (about Rs 250 crore) in its Series B funding led by Nandan Nilekani and Sanjeev Aggarwal’s VC fund, Fundamentum Partnership, and the…

Business

New X users will need to pay for posting: Elon Musk

Apr 16, 2024

New Delhi, April 16 (IANS) In a dampener for new X users, Elon Musk has announced they may be charged for posting content on the social platform.In reply to an X user, the Tesla and SpaceX CEO said that unfortunately, “a small fee for new…

Business

US-based Lam Research pledges Rs 241 crore to prepare Indian chip workforce

Apr 16, 2024

New Delhi, April 15 (IANS) US-based Lam Research Corporation, a global supplier of innovative wafer fabrication equipment, on Monday pledged nearly $29 million (Rs 241 crore) in software licenses over the next two years to upskill 2,800…

Business

‘Above normal monsoon rainfall in 2024 bodes well for agricultural sector’

Apr 16, 2024

Chennai, April 15 (IANS) The India Meteorological Department's (IMD) above-normal rainfall forecast for 2024 southwest monsoon (June-September) bodes well for the agriculture sector and will also keep a check on food prices, an economist…

Business

Globe Textiles will add a garment processing capacity of up to 20,000 units per day and 6 Lakh units…

Apr 15, 2024

Globe Textiles India Limited (GTIL) (NSE: GLOBE), a well-known textile star exporter of fabrics and garments catering to global and domestic markets for the last two

Business

NFRA finds Reliance Capital joint auditor guilty of Rs 12,571 crore fudge in 2018-19

Apr 15, 2024

New Delhi, April 15 (IANS) National Financial Reporting Authority (NFRA) has held the joint auditor of Reliance Capital guilty of professional misconduct for deliberately overlooking the Price Waterhouse (PW) report of suspected fraud…

Business

ITC Hotels launches Storii Solan — a tribute to the mountain way of life

Apr 15, 2024

New Delhi, April 15 (IANS) Brand Storii continues its expansion spree as it launched Storii by ITC Hotels, The Kaba Retreat, Solan. A hidden boutique property in the quaint ’Kaba’ village at a motorable distance of just six hours from…

Business

Ambuja Cements acquires My Home Group’s 1.5 MTPA cement unit in TN for Rs 413.75 cr

Apr 15, 2024

Ahmedabad, April 15 (IANS) In a bid to enhance coastal footprint across southern markets, the Adani Group’s building material company Ambuja Cements on Monday announced to acquire My Home Group's 1.5 MTPA (million tonnes per annum) cement…

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