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Govt eyes hydrogen based process for steel production to cut carbon emissions
Business

Govt eyes hydrogen based process for steel production to cut carbon emissions

New Delhi, May 17: Secretary, Ministry of Steel, Nagendra Nath Sinha said on Friday that the government is working on introducing a green hydrogen based process in the steel industry where the iron will be directly reduced with 100 percent hydrogen, resulting in a sharp reduction in carbon...
Google Cloud launches AI driven security operations region to India
Business

Google Cloud launches AI driven security operations region to India

Mumbai, May 17: Aligning with India’s data localisation norms, Google Cloud on Friday announced to bring its AI-powered security operations (SecOps) region to India.The enterprises in the country can now store their Google security operations customer data in the Mumbai region.Today’s complex...
Not ready to announce anything yet regarding chip fabrication unit, Zoho CEO
Business

Not ready to announce anything yet regarding chip fabrication unit, Zoho CEO

New Delhi, May 17: Cloud software major Zoho's Founder and CEO Sridhar Vembu on Friday said the company is not ready to announce anything yet regarding investments in a semi conductor fabrication unit.Reacting to reports that Zoho is geared up to pump millions of dollars into a chip...
Govt
Business

Govt's ONDC and WinZO partner to boost digital commerce in India

New Delhi, May 17: The government run Open Network for Digital Commerce (ONDC) on Friday announced a partnership with online gaming platform WinZO to democratise access to digital commerce and foster transparent and fair market access.WinZO is the first skill based interactive entertainment company...
India signs 10-year pact to operate Chabahar Port in Iran
Business

India signs 10-year pact to operate Chabahar Port in Iran

New Delhi, May 13: India on Monday signed a 10 year contract with Iran to develop and operate the Shahid Beheshti terminal at Chabahar port on Iran's south-eastern coast. The contract was signed in Tehran by India Ports Global Ltd (IPGL) and the Ports and Maritime Organisation of Iran in the...
India
Business

India's debt:GDP ratio is much lower than US, Japan, France, UK: Sitharaman

New Delhi, May 13: Finance Minister Nirmala Sitharaman said on Monday that India has fared relatively well compared with other countries as far as the government debt to GDP ratio is concerned and the country is the third least indebted nation among low and middle income countries (LMIC). India had...
TCS announces to create global AI centre of excellence in France
Business

TCS announces to create global AI centre of excellence in France

New Delhi, May 13: Tata Consultancy Services (TCS) on Monday announced the creation of a Global Artificial Intelligence (AI) Centre of Excellence in Paris during the Choose France Summit. Based at the new TCS Pace Port in Paris, the centre will focus on the brain machine interface, developing...
Global VC firms eye controlling stake in popular food chain Haldiram
Business

Global VC firms eye controlling stake in popular food chain Haldiram

New Delhi, May 14: The popular food and snacks chain Haldiram is up for grabs as a global group of investors has reportedly submitted a non binding bid to acquire a controlling stake worth $8.5 billion in the company that was founded in Bikaner, Rajasthan in 1937. A global consortium led by top...
India showcases its progress in Green Hydrogen at World Summit in Netherlands
Business

India showcases its progress in Green Hydrogen at World Summit in Netherlands

Rotterdam (Netherlands), May 14: India has set up one of the largest pavilions at the World Hydrogen Summit 2024, being held here, to showcase the country's progress in the field of Green Hydrogen. The India Pavilion, set up by the Ministry of New & Renewable Energy is at the Summit and has...
Zomato
Business

Zomato's Blinkit turns adjusted EBITDA positive, aims 1,000 stores in FY25

New Delhi, May 13: Zomato on Monday said that its quick commerce business Blinkit turned adjusted EBITDA positive in March, as the online food delivery platform clocked Rs 194 crore in adjusted EBITDA for the January-March quarter of FY24. The consolidated adjusted EBITDA improved by Rs 369 crore...
Apple deepening its India ecosystem with building network of local vendors: Union Minister
Business

Apple deepening its India ecosystem with building network of local vendors:...

New Delhi, May 13: Union Minister and BJP candidate from Thiruvananthapuram, Rajeev Chandrasekhar, on Monday, said that with the production linked incentive (PLI) scheme now well in place, global tech giants like Apple are deepening their ecosystems by building a network of local vendors, thus...
Picking China over India will rob Musk: Entrepreneur Vivek Wadhwa
Business

Picking China over India will rob Musk: Entrepreneur Vivek Wadhwa

New Delhi, May 13: Indian-American academic, entrepreneur and author Vivek Wadhwa on Monday said that he had warned the Tesla and SpaceX CEO Elon Musk not to pick China as they would "rob him blind" and instead asked him to consider moving manufacturing to India. Quoting the Director of Centre...
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