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Indian-origin Sridhar Ramaswamy named CEO of data cloud firm Snowflake

Feb 29, 2024

New York, Feb 29 (IANS) Indian-origin Sridhar Ramaswamy has been named as the Chief Executive Officer and member of the Board of Directors of US-based data cloud company Snowflake.Ramaswamy, who previously held the position of Senior Vice President of AI at Snowflake, replaces Frank Slootman who has decided to retire but will continue to serve as…

Central govt subsidy on loans to farmers jumps over 5-fold to Rs 1.3 lakh crore in 2014-2023

Feb 29, 2024

New Delhi, Feb 29 (IANS) There has been a more than 5-fold jump in the amount spent by the Prime Minister Narendra Modi-led government on extending loans at subsidised rates of interest to benefit farmers during the last 9 years compared to…

Business

Dabolim airport will survive due to its potential: Director Rao

Feb 29, 2024

Panaji, Feb 28 (IANS) After the opposition parties in Goa alleged that the BJP government in the state is hatching a conspiracy to close down the Dabolim airport in South Goa, its director S.V.T. Dhanamjaya Rao clarified on Wednesday that…

Business

Tata Group will soon announce mega investment in semiconductor sector: Chandrasekaran

Feb 29, 2024

Chennai, Feb 28 (IANS) Multi-product conglomerate Tata Group will soon announce its next big investment in the semiconductor and mobile battery manufacturing businesses, a top official of Tata Sons said on Wednesday.Accepting the…

Business

Walmart Center for Tech Excellence comes up at IIT-Madras to develop solutions for MSMEs

Feb 28, 2024

Chennai, Feb 28 (IANS) The Walmart Center for Tech Excellence, set up at the Indian Institute of Technology Madras (IITM) to develop solutions for MSMEs, was inaugurated on Wednesday. Set up by Walmart Global Tech, part of the US-based…

Business

Coal India, BHEL join hands to set up ammonium nitrate plant based on coal gasification technology

Feb 28, 2024

New Delhi, Feb 28 (IANS) Public sector giants Coal India Limited (CIL) and Bharat Heavy Electricals Limited (BHEL) on Wednesday signed a joint venture (JV) agreement for setting up an ammonium nitrate plant based on surface coal…

Business

Homegrown Addverb unveils India’s 1st assistive dog robot

Feb 28, 2024

New Delhi, Feb 28 (IANS) Leading homegrown robotics company Addverb on Wednesday unveiled India's first-ever assistive dog robot named 'Trakr' at LogiMAT India 2024. Along with ‘Trakr’, the company unveiled an advanced medical collaborative…

Business

LTIMindtree, IBM join hands to explore quantum computing innovation

Feb 28, 2024

New Delhi, Feb 28 (IANS) Tech major IBM on Wednesday announced that global technology consulting and digital solutions firm LTIMindtree has joined its Quantum Network to explore quantum computing innovation for the benefit of its global…

Business

Govt to launch 2nd auction of critical mineral blocks on Feb 29

Feb 28, 2024

New Delhi, Feb 28 (IANS) Union Minister of Coal and Mines Pralhad Joshi will be launching the second tranche of Auction of Critical and Strategic Mineral Blocks on Thursday (February 29), an official said on Wednesday. During the launch…

Business

Classifying HR, not actuarial or underwriting, as specialist division ‘arbitrary,…

Feb 28, 2024

Chennai, Feb 28 (IANS) National re-insurer General Insurance Corporation of India Ltd's (GIC Re) classification of its human resource (HR), legal, and information technology (IT) departments as "specialist" sets a bad precedent for all…

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