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Updated: 1 hour 18 min ago
EVs get Rs 14k crore double shot: Boost for ambulances, buses, trucks
Rs 3,435 crore PSM gets nod; will support deployment of more than 38,000 e-Buses
Samsung plans global job cuts of up to 30% in some divisions: Report
South Korea-based Samsung has instructed subsidiaries worldwide to reduce sales and marketing staff by about 15 per cent and the administrative staff by up to 30 per cent
Finance ministry allows GST deductions to dealers on demo vehicles
Another circular on supply of data hosting services was issued where such services are provided by companies in India to cloud computing service providers located outside India
SpiceJet to pay elderly couple full refund for flight cancelled in Covid
The district consumer disputes redressal commission (Mumbai suburban) passed the order last month and its details were available recently
Govt brings senior citizens over 70 years under Ayushman Bharat scheme
With this approval, all senior citizens aged 70 years and above, irrespective of their socio-economic status, would be eligible to avail themselves of the benefits of AB-PMJAY
Strides Pharma gets shareholders' nod to set up speciality pharma CDMO
The company has secured the approval of its shareholders and secured creditors with overwhelming majority, along with those of OneSource Specialty Pharma and SteriScience Specialties
Lam Research expands virtual semiconductor training to 20 Indian varsities
The virtual semiconductor training programme aims to train more than 60000 students over next decade
Tata Steel, UK govt sign GBP 500 mn grant contract for Port Talbot project
This is part of the 1.25 billion pound green steel project in Port Talbot, of which Tata Steel's investment is to the tune of 750 million pounds
Govt approves Rs 10,900 cr PM E-Drive scheme to push electric mobility
Cabinet has approved the PM E-Drive Scheme with an outlay of Rs 10,900 crore for two years to boost adoption of electric vehicles in India, replacing FAME programme that ran for nine years till March
Vedanta Resources gets $900 mn via first dollar bond issue to prepay loans
Bond received final orders of $1.45 billion from investors across the globe representing an oversubscription of over 1.6 times, reinforcing confidence of these investors in Vedanta story, they said
Housing, road, railways lead capex spend in Apr-July period, shows data
Transfers to states for capex also slowed to 12 per cent of the budget estimate for the same period, compared to 24 per cent in the corresponding period last year
Sebi tweaks margin trading facilities' framework to ease collateral burden
The move will also help alleviate the burden of additional collateral towards the maintenance margin for the margin trading facility
Centre to get Semicon 2.0 policy in place in next 3-4 months: Vaishnaw
Vaishnaw also said that under Semicon 2.0, an equal focus will be on ecosystem partners, equipment manufacturing, fabs, ATMPs, and other segments of the overall semiconductor ecosystem
Softbank-backed InMobi raises $100 mn via debt financing agreement
The funds will be used to propel InMobi's artificial intelligence (AI) development and deployment efforts forward and fund potential AI-focused acquisitions
Accel Atoms 4.0 to invest up to $1 mn in startups focused on 'Bharat', AI
Accel Atoms 4.0 builds on the success of three previous editions. It defines Bharat' as the middle-income households spread across Tier 2, Tier 3, and rural India
BEL secures order for indigenous radar worth Rs 850 cr from Cochin Shipyard
The fully indigenous radar, designed by DRDO and manufactured by Bharat Electronics Limited (BEL), is capable of detecting, acquiring and tracking airborne targets to provide protection for naval ship
CEAT eyes global market with truck tyre production line in Chennai plant
This expansion positions them to meet the growing demand for high-performance vehicle tyres in both domestic and international markets, the company said
70% of Fortune 500 cos to expand their presence to India by 2030: Report
The report further added that the number of GCCs is expected to reach 2,100-2,200 in 2030 from the current over 1,700
UK gets improved terms for 2,500 workers as it recommits to Tata Steel deal
Tata said in January that up to 2,800 jobs were at risk from closure of its two blast furnaces at Port Talbot, with about 2,500 job losses likely next year after 2023 govt-backed plan to shut them
Indian cos raise $6 bn from private credit in first-half 2024: EY report
Real estate, healthcare firms push private credit deals to record high