Business

  • Reliance unveiled India’s 1st hydrogen-powered tech for heavy-duty trucks

    Reliance Industries Limited (RIL) and Ashok Leyland unveiled India’s first Hydrogen Internal Combustion Engine (H2-ICE) technology solution for heavy duty trucks. This technology was flagged off by PM Modi at the India Energy Week in Bengaluru. The Hydrogen tech solution...

    Published On February 7th, 2023
  • Payment acceptance devices under PIDF increase to 1.87 crore till Dec 2022

    Payment acceptance devices under PIDF Increase According to the RBI's most recent status report, there were approximately 1.87 crore physical and digital payment acceptance devices deployed under the Payments Infrastructure Development Fund (PIDF) Scheme as of December 31, 2022. Buy...

    Published On February 6th, 2023
  • Government Approved Conversion of Rs 16,133 Crore Interest dues of Vodafone Idea into Equity

    The government has approved conversion of over Rs 16,133 crore interest dues of debt-ridden Vodafone Idea into equity, after receiving a firm commitment from Aditya Birla Group to run the company and bring necessary investment, telecom minister Ashwini Vaishnaw said....

    Published On February 6th, 2023
  • Google Invests $300 million in Artificial Intelligence Startup Anthropic

    Google has invested around $300 million in Anthropic, an artificial intelligence startup whose technology is said to rival OpenAI, the company behind ChatGPT. According to the deal, Anthropic has agreed to purchase some of Google’s services to support its technology....

    Published On February 4th, 2023
  • Foxconn, Vedanta plan tech tie-up with STM for Semiconductor Manufacturing unit in India

    Foxconn and Vedanta are close to inducting European chipmaker STMicroelectronics as the technology partner in their proposed semiconductor chip manufacturing unit in India. Foxconn will be the lead partner in the joint venture (JV) that was announced last February. The...

    Published On February 4th, 2023
  • Adani Enterprises shares removed from US Indices

    Under fire following allegations of fraud and stock manipulation, the Adani group has received another jolt from the US markets. The group's flagship company Adani Enterprises has been removed from the Dow Jones Sustainability Indices effective February 7. According to a note issued...

    Published On February 3rd, 2023
  • Adani Group Enters Israel with Haifa Port Acquisition For 1.2 Billion $

    The Adani Group acquired the strategic Israeli port of Haifa for USD 1.2 billion and vowed to transform the skyline of this Mediterranean city as part of its decision to invest more in the Jewish nation, including opening an artificial...

    Published On February 2nd, 2023
  • Genus Power Bagged Orders Worth Over Rs 2,850 Crore

    Genus Power Infrastructures Ltd. and its 100 percent subsidiary company Hi-Print Metering Solutions Private Limited have received the letter of award (LOA) of Rs 2,855.96 crore for the appointment of Advanced Metering Infrastructure Service Provider (AMISP). It includes the design...

    Published On February 1st, 2023
  • Microsoft Invests $10 Billion in ChatGPT Maker OpenAI

    Microsoft announced a new multiyear, multibillion-dollar investment with ChatGPT-maker OpenAI. Microsoft Corp. will be making a $10 billion worth investment in OpenAI, the research lab behind the famous ChatGPT and DALL-E.  The deal marks the third phase of the partnership...

    Published On January 29th, 2023
  • PhonePe Raises $350 Mn From General Atlantic, Joins India’s Decacorn Club

    Payments and financial services unicorn PhonePe has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion, making the Walmart-owned start-up the most-valued financial technology (fintech) player in India. The investment is the...

    Published On January 23rd, 2023