96 pc ransomware affected Indian firms engaged with law enforcement for help: Report
New Delhi, July 2 (IANS) About 96 per cent of Indian organisations that were hit by ransomware over the past year engaged with law enforcement or official government bodies for help with the attack, a new report said on Tuesday. According to the cybersecurity firm Sophos, about 59 per cent of the organisations that did […]
Hyundai Motor, LGES complete building EV battery plant in Indonesia
Seoul, July 3 (IANS) Hyundai Motor Group said on Wednesday it has completed construction of an electric vehicle (EV) battery plant built jointly with LG Energy Solution Ltd. in Indonesia, allowing the South Korean automotive giant a fully-integrated EV production system in the Southeast Asian nation. Hyundai Motor Group said it held a completion ceremony […]
Indian firm Persistent Systems acquires US-based Starfish Associates
Pune, July 3 (IANS) Digital engineering and enterprise modernisation company Persistent Systems on Wednesday said it had acquired New Jersey-based Starfish Associates for an undisclosed sum. Known for its enterprise communications automation platform, Starfish Associates caters to the world’s largest enterprises including many Fortune 500 companies. “The integration of Starfish Associates’ platform greatly enhances our […]
India’s solar observatory Aditya-L1 completes halo orbit L1: ISRO
New Delhi, July 3 (IANS) Aditya-L1 spacecraft, known as India’s solar observatory, has completed its first halo orbit around the Sun-Earth Lagrange Point 1 (L1), announced mission officials at the Indian Space Research Organisation (ISRO). The Aditya-L1 was launched to low earth orbit (LEO) on September 2, last year by the Indian rocket Polar Satellite […]
Indian food services market to Rs 10 lakh crore by 2030: Report
New Delhi, July 3 (IANS) The food services market in India is poised to grow at 10-12 per cent annually over the next seven years, reaching Rs 9-10 lakh crore by 2030, a report showed on Wednesday. The food services market in India, which encompasses dining out and ordering in, is currently valued at Rs […]
Koo announces to shut down after partnership talks fell through
New Delhi, July 3 (IANS) Homegrown micro-blogging platform Koo on Wednesday announced to discontinue its services to the public after partnership talks fell through. “We explored partnerships with multiple larger internet companies, conglomerates and media houses but these talks didn’t yield the outcome we wanted,” Koo founders Aprameya Radhakrishna and Mayank Bidawatka wrote in a […]
PE, VC investments reached $6.9 billion in May: Report
Mumbai, July 3 (IANS) Investors are bullish on India as the economic growth rate is the fastest in the world. Private equity (PE) and venture capital (VC) funds invested $6.9 billion in May 2024 which is 54 per cent more on a year-on-year (YoY) basis, according to the EY-IVCA report. The report said that investment […]
BMW posts strong performance in H1, sees over 21 pc boost in car sales in India
New Delhi, July 3 (IANS) BMW Group India has posted a strong performance in the first half (H1) of 2024 (January-June) as it witnessed a boost of over 21 per cent in car sales (BMW+MINI), fuelled by high demand for its sports activity vehicles, luxury class and electric cars. The luxury carmaker delivered 7,098 cars […]
Indian real estate registers $2.5 bn in investments in Q2: Report
New Delhi, July 3 (IANS) After a steady start in the first quarter (Q1) of 2024, Indian real estate saw accelerated momentum in the second quarter (Q2), registering $2.5 billion of inflows — the highest in any quarter since 2021, a new report showed on Wednesday. According to the professional services and investment management company […]
We aim to make AI work for India via skilled talent pool, innovative startups: Jitin Prasada
New Delhi, July 3 (IANS) India stands at the forefront of global Artificial Intelligence (AI) innovation and the government’s commitment is to foster an inclusive and robust AI ecosystem via skill penetration and substantial investments in nurturing AI startups, Jitin Prasada, Union Minister of State for Commerce and Industry, and Electronics and IT, said here […]
