NEW DELHI: Homegrown wearable brand Boult has clocked a turnover of Rs 750 crore in FY24 and audio products accounted for 75 per cent of its revenue, the company’s co-founder Varun Gupta said on Friday.

WASHINGTON: The US government has announced a plan to award Micron Technology up to $6.14 billion in grants and $7.5 billion in loans to support the US chipmaker's plan to build new factories, as it strives to bolster domestic semiconductor production.

ROTTERDAM: India's Power Secretary Pankaj Agarwal highlighted the steps that the Narendra Modi government was taking to promote solar power in the country to help convergence towards the COP28 renewable energy and energy efficiency commitments at the ongoing 26th edition of World Energy Congress.

NEW DELHI: The chief of Hyundai Motor Group recently visited India and laid out a vision to bolster its operations there to utilise the country as a key export hub for the South Korean automaker, the group said on Thursday.

MUMBAI: Shares of Kotak Mahindra Bank crashed by as much as 12 per cent in morning trade on Thursday to Rs 1,620 on BSE as investors dumped the stock following the RBI crackdown on the lender.

SYDNEY: SK hynix said on Thursday it swung to a profit in the first quarter of this year on the back of rising global demand for premium memory chip products used for artificial intelligence (AI) computing.

SAN FRANCISCO: IT major IBM has acquired multi-cloud infrastructure automation company HashiCorp for $35 per share in cash, or an enterprise value of $6.4 billion.

NEW DELHI: The IT services sector in India is likely to see a second-successive year of muted revenue growth, at 5-7 per cent in FY25, amid continuing global macroeconomic headwinds, a report showed on Wednesday.

NEW DELHI: India has commissioned four semiconductor manufacturing units and in the next five years, the country will become one of the biggest semiconductor hubs in the world, Union Railways and IT Minister Ashwini Vaishnaw has said.

NEW DELHI: Taking on Google-owned YouTube, X social media platform will soon launch a dedicated TV app for users to upload high-quality videos, its CEO Linda Yaccarino has announced.

NEW DELHI: Elon Musk on Wednesday said it is time to “reorganise” Tesla as the electric car company registered $1.1 billion in net income and $21 billion in revenue, down 9 per cent from $23.3 billion from the year-ago period.

NEW DELHI: About 54 per cent of employees in India predict a substantial shift in their roles within the next five years, with 95 per cent expressing confidence in their ability to adapt to these changes, a report revealed on Tuesday.

NEW DELHI: India’s domestic demand-based high-frequency data rose on a sequential basis, even as it slowed in year-on-year terms in March, global brokerage Morgan Stanley said.

NEW DELHI: Fintech company BharatPe on Tuesday launched India's first all-in-one payment product that incorporates POS (point of sale), QR, and speaker into a single device.

NEW DELHI: Fintech major Razorpay on Tuesday launched its own Unified Payments Interface (UPI) infrastructure with 'UPI Switch' -- a next-generation cloud-based innovation, in partnership with Airtel Payments Bank.

NEW DELHI: Significant progress has been made in the construction of various stations for India’s first bullet train and we are geared up to run the first train in one section in 2026, Union Railways and IT Minister Ashwini Vaishnaw said on Tuesday.

NEW DELHI: Tata-owned Air India and Japanese carrier All Nippon Airways have signed a codeshare agreement connecting their networks, enhancing flight selections between India and Japan.

NEW DELHI: Infosys founder N.R. Narayana Murthy said on Monday that entrepreneurship is just a state of mind and it is not those who start companies that are entrepreneurs, it is all about doing things faster and creating a competitive advantage for yourself, while striving for excellence.

NEW DELHI: Alternative credit platform BlackSoil on Monday said it registered 40 per cent growth in portfolio investment in FY24, with total disbursement exceeding $118 million.

BENGALURU: Autonomous driving technology startup Minus Zero on Monday signed a Memorandum of Understanding (MoU) with the International Institute of Information Technology, Hyderabad (IIIT-H) and I-Hub Data to foster an autonomous driving research ecosystem in India.

NEW DELHI: Markets in the week gone by were driven by fear, war-mongering and panic. Of course, all of this leads to extreme volatility and sharp two-sided moves.

NEW DELHI: The net direct tax collections for the financial year 2023-24 have clocked a double-digit growth to exceed the Union Budget Estimates (BE) by Rs 1.35 lakh crore or 7.4 per cent reflecting the strong fiscal position of the country driven by robust economic growth, data released by the Central Board of Direct Taxes (CBDT) on Sunday showed.

NEW DELHI: Markets will continue to focus on the earnings season and global cues in the upcoming week.

NEW DELHI: Elon Musk, on Sunday, said that Tesla car users will soon have an integrated experience with X social media platform.

NEW DELHI: Zoho CEO Sridhar Vembu, on Saturday, said that it is important to revere farmers and connect back with nature.

NEW DELHI: In a dampener for millions of Tesla lovers in India, Elon Musk on Saturday said he will not visit the country next week as earlier planned, as the billionaire faces "the moment of truth" next week when Tesla announces its quarterly results amid negative growth in China and massive global layoffs.

NEW DELHI: Some people are running huge bot operations on the micro-blogging site X, which is reducing the content quality to a great extent, Elon Musk said on Saturday, as he defended his decision to act on spam accounts which resulted in many users losing followers.

CHENNAI: The Indian insurance industry closed FY24 logging a higher growth rate, with the non-life sector growing at 12.8 per cent and the life sector at two per cent over FY23 figures.

NEW DELHI: Air India on Friday extended the suspension of its flight services to Israel's capital Tel Aviv till April 30, in the wake of prevailing conflict and tension between Israel and Iran.

NEW DELHI: Ekagrah Rohan Murty, the five-month-old grandson of Infosys founder N. R. Narayana Murthy, is set to get richer by at least Rs 4.2 crore as the IT bellwether announced final and special dividends.

SOFIA: The Comptroller and Auditor General of India (CAG) in a step towards fostering international cooperation signed a Memorandum of Understanding (MoU) with SAI Bulgaria, the Bulgarian National Audit Office.

NEW DELHI: Indian Railways will operate a record-breaking 9,111 trips across the country to cater to the anticipated surge in travel during the summer season, the Ministry of Railways said on Friday.

BENGALURU: At least 20 energy companies have joined hands to create an alliance for an open energy network called the Unified Energy Interface (UEI), which is a unified payments interface (UPI)-like system for EV charging, the firms said in a statement on Friday.

SEOUL: South Korean chipmaker SK hynix said on Friday that it has set up a strategic partnership with Taiwan Semiconductor Manufacturing Company (TSMC) aimed at bolstering its capabilities in producing premium high-bandwidth memory (HBM) chips and advanced packaging technologies.

NEW DELHI: Coventry University Group, on Thursday, announced the launch of an India Hub in the national capital to further intensify its longstanding connections with India.