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Indian firms fast adopting Digital Twin tech to boost transformation: Report

Jun 17, 2024

New Delhi, June 17 (IANS) As the government doubles down on the 'Digital Twin' technology adoption, 90 per cent of the enterprises in the country are aware of digital or virtual twins that could play a crucial role in accelerating their growth journey, a report showed on Monday.According to the report by Dassault Systemes and Nasscom, 45 per cent…

Sitharaman to hold pre-budget talks with India Inc, farmers’ bodies, state FMs this week

Jun 17, 2024

New Delhi, June 17 (IANS) Finance Minister Nirmala Sitharaman will hold consultations with apex industry chambers, farmers’ associations and state finance ministers in the run-up to the full budget for 2024-25 that is expected to be…

Business

Naver unveils AI safety framework to respond to possible risks

Jun 17, 2024

Seoul, June 17 (IANS) Naver, South Korea's biggest internet portal operator, on Monday unveiled a proactive scheme designed to assess and manage risks associated with artificial intelligence (AI) as part of its efforts to safely develop and…

Business

Foreign investors make a stellar comeback to Indian equity markets with Rs 11,730 crore inflow

Jun 17, 2024

Mumbai, June 17 (IANS) Foreign investors were selling equity in Indian markets for the last few months. The trend changed from the previous week when Foreign Institutional Investors (FIIs) invested Rs 11,730 crore in the Indian equity…

Business

Indian banks have bounced back in 10 years with 4-fold jump in profits: Report

Jun 17, 2024

New Delhi, June 17 (IANS) Indian banks have bounced back over the last 10 years with a 4-fold increase in profits and a sharp decline in bad loans, according to a report by capital markets and investment group CLSA."Balance sheets of Indian…

Business

SK Group chairman claims ‘critical error’ in divorce ruling

Jun 17, 2024

Seoul, June 17 (IANS) SK Group Chairman Chey Tae-won said on Monday that he has decided to appeal a record divorce ruling, which threatens his grip on the telecom-to-energy conglomerate, to the Supreme Court because there was a "critical…

Business

Mumbai retains top spot as India’s most expensive city for expats: Survey

Jun 17, 2024

Mumbai, June 17 (IANS) The financial capital of India has retained the top spot as the most expensive city for expats in the country, followed by Delhi, a report showed on Monday.Within Asia, Mumbai and Delhi experienced upward movement in…

Business

Oyo to raise up to $125 million at $2.5 billion valuation: Report

Jun 17, 2024

New Delhi, June 17 (IANS) Hospitality major Oyo is reportedly raising $100-$125 million in fresh funding at a market valuation of $2.5 billion.According to a TechCrunch report on Monday, citing sources, the global budget-hotel chain is…

Business

Shares of Hyundai Motor jump as it files for India unit IPO worth $3 billion

Jun 17, 2024

Seoul, June 17 (IANS) Shares of Hyundai Motor, South Korea's leading carmaker, jumped here on Monday as it confirmed that its India unit has filed for an initial public offering (IPO) to raise around $3 billion (Rs 25,000 crore).Hyundai…

Business

Samsung to set up joint AI lab with Seoul National University

Jun 17, 2024

Seoul, June 17 (IANS) Samsung said on Monday it has joined hands with Seoul National University (SNU) to establish a joint research centre focused on artificial intelligence in a way that enhances technology and competitiveness in the…

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