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One97 Communications denies reports of probe for violation of foreign exchange rules

Feb 6, 2024

New Delhi, Feb 5 (IANS) One97 Communications Limited has reiterated that the company and its associate Paytm Payments Bank Limited are not the subject matter of any investigation for violation of foreign exchange rules.One97 Communications said this filing has been done in the interest of transparency, and "protecting our reputation, customers,…

Dhankhar to open World Sustainable Development Summit

Feb 5, 2024

New Delhi, Feb 5 (IANS) The World Sustainable Development Summit (WSDS) will be inaugurated by Vice-President Jagdeep Dhankhar on Tuesday here, an official said on Monday.Joining him at the inaugural ceremony will be, among others, Prime…

Business

I’ve been moving mountains for months to make the payroll: Byju Raveendran

Feb 5, 2024

New Delhi, Feb 5 (IANS) Byju Raveendran, Founder and CEO of embattled edtech company Byju's, has told employees that he has been moving mountains for months to make payroll and this time, "the struggle was even bigger to ensure that you…

Business

Govt rakes in Rs 600 crore as penalties from taxpayers’ delay in PAN-Aadhar link

Feb 5, 2024

New Delhi, Feb 5 (IANS) The government has collected over Rs 600 crore as penalties from persons who failed to meet the deadline for linking their PAN with their Aadhaar card, the Parliament was told on Monday.Minister of State for Finance…

Business

India well positioned to use AI to make software development more productive: Google

Feb 5, 2024

New Delhi, Feb 5 (IANS) India is well positioned to use artificial intelligence (AI) to make software development more productive in the country, Google said in a blogpost on Monday. The post detailed the recent between fireside chat, Dr.…

Business

Adani Electricity taps in sunshine, wind & AI to reduce Mumbaikars’ power bills

Feb 5, 2024

Mumbai, Feb 5 (IANS) The Adani Electricity Mumbai Ltd is in its endeavour to ease the consumers' power-related woes in Mumbai is making good use of abundant bright sunshine, free-flowing winds all while incorporating 'Artificial…

Business

PM Suryodaya Yojana: Know about Centre’s scheme to harness solar energy, empower the poor with ‘free…

Feb 5, 2024

New Delhi, Feb 5 (IANS) The ‘Pradhan Mantri Suryodaya Yojana’, launched by Prime Minister Narendra Modi on January 22 this year, is a path-breaking initiative aimed at making electricity bills of poor and middle class citizens ‘zero’ while…

Business

US investment firm Vanguard cuts Ola’s valuation to $1.88 bn

Feb 5, 2024

New Delhi, Feb 5 (IANS) US-based investment firm Vanguard has reportedly slashed down ride-hailing major Ola's valuation to less than $2 billion.Vanguard marked down Ola’s parent company ANI Technologies valuation to $1.88 billion (as of…

Business

90% Indian CIOs to increase spending on AI tools in 2024: Report

Feb 5, 2024

New Delhi, Feb 5 (IANS) Artificial Intelligence (AI) is dominating the mindshare of Indian Chief Information Officers (CIO)s, with more than 90 per cent looking to increase spending on right tools, according to a report on Monday. The…

Business

Indian bank credit in FY25 to be 12-14%: S&P Global Ratings

Feb 5, 2024

Chennai, Feb 5 (IANS) Indian bank credit could be restricted to 12-14 per cent in fiscal 2025 if deposit growth remains tepid coupled with increasing cost of funds and competition for funds, said S&P Global Ratings in a report."Deposit…

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