NEWS

Adani Ports acquires 95% stake in Gopalpur Ports for Rs1,349 crore

Adani Ports acquires 95% stake in Gopalpur Ports for Rs1,349 crore

27 Mar 2024

Adani Ports & Special Economic Zone Ltd (APSEZ) has acquired 95 per cent stake in Gopalpur Ports Ltd (GPL) in Odisha, at an enterprise value of Rs3,989 crore.

Dell cuts nearly 6,000 jobs globally

Dell cuts nearly 6,000 jobs globally

27 Mar 2024

Dell Inc, a global provider of desk-top computers, laptops and related products and services, on Monday announced that it has reduce4d its workforce by 6,000 globally, as part of a cost-cutting effort.

SWIFT to launch new platform for central bank digital currencies

SWIFT to launch new platform for central bank digital currencies

27 Mar 2024

Global bank networking system SWIFT will be building a new platform for digital currencies issued by central banks, over the next two years.

Intel gets US govt funding for $100 billion revamp, expansion programme

Intel gets US govt funding for $100 billion revamp, expansion programme

25 Mar 2024

Intel is embarking on a major expansion and upgradation programme, involving investment of $100 billion, by setting up manufacturing facilities in four US states and upgrading existing facilities

India's forex reserves hit record $642.5 billion

India's forex reserves hit record $642.5 billion

25 Mar 2024

India’s foreign exchange reserves rose to an all-time high of $642.5 billion during the week ended 15 March 2024 as the surge in the forex inflows continued for the third successive week.

Isro carries out second landing test of Reusable Launch Vehicle

Isro carries out second landing test of Reusable Launch Vehicle

25 Mar 2024

Indian Space Research Organisation (Isro) on Friday successfully carried out a second test landing of its Reusable Launch Vehicle, Pushpak.

Dollar rises as Fed gives hope of rate cuts starting June

Dollar rises as Fed gives hope of rate cuts starting June

25 Mar 2024

The US dollar rallied against all G-10 currencies except the yen, on the back of rate hikes by several central banks while a relatively strong US economy and hoped of Fed lowering interest rates this year itself boosted carry trade.

REC, BHEL team up for renewable energy projects

REC, BHEL team up for renewable energy projects

25 Mar 2024

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, and Bharat Heavy Electrical Limited (BHEL) have agreed to jointly develop utility scale renewable energy projects across the country.

Bank of Japan exits zero rate policy, sets interest rate at 0.1%

Bank of Japan exits zero rate policy, sets interest rate at 0.1%

19 Mar 2024

The Bank of Japan (BoJ) on Thursday announced a departure from its zero rate policy, keeping the short-term target rate in the 0-0.1 per cent

India’s patent office grants 1 lakh patents in one year

India’s patent office grants 1 lakh patents in one year

19 Mar 2024

The Indian Patents Office granted over one lakh patents in the one year period between 15 March 2023 and 14 March 2024, ie, around 250 patents each working day, as the number of patent seekers peaked.

Nissan, Honda to jointly explore future automobile technologies

Nissan, Honda to jointly explore future automobile technologies

19 Mar 2024

Japanese car makers Nissan Motor Co and Honda Motor Co have announced the signing of a memorandum of understanding (MoU) to explore the feasibility of a strategic partnership in the areas of vehicle electrification and the use of artificial intelligence.

Nvidia unveils superchip DGX SuperPOD to power AI

Nvidia unveils superchip DGX SuperPOD to power AI

19 Mar 2024

Tech giant Nvidia on Monday unveiled the Blackwell-Powered DGX SuperPOD, a new family of GPU chips for powering Generative AI supercomputing, in a move to consolidate its hold on AI technology.