Stock markets open on a high, auto & pharma shares lead
Mumbai, July 9 (IANS) The benchmark indices opened on a high on Tuesday, with Sensex crossing the 80,000 mark again led by auto and pharma stocks, gaining over 200 points in morning trade. The NSE Nifty rose by 47 points and was trading at 24,368. According to analysts, the market attention is now turning towards […]
L&T Semiconductor Tech to acquire chip design firm SiliConch for Rs 183 crore
Mumbai, July 9 (IANS) Indian conglomerate Larsen & Toubro on Tuesday said its wholly-owned subsidiary L&T Semiconductor Technologies is acquiring fabless semiconductor design company SiliConch Systems for Rs 183 crore. The acquisition cost consists of an upfront amount of Rs 133 crore and a deferred amount of Rs 50 crore payable over four years. In […]
Hyundai Motor accepts preorders for Casper Electric mini SUV
Seoul, July 9 (IANS) Hyundai Motor, South Korea’s largest automaker, on Tuesday started receiving preorders for the company’s Casper Electric mini SUV in South Korea, the company said. The EV will be sold under the name Inster in overseas markets. It will launch first in South Korea this summer, followed by Europe, the Middle East […]
Texas governor visits Samsung Electronics’ chip facility
Seoul, July 9 (IANS) Texas Governor Greg Abbott visited Samsung Electronics’ semiconductor facility in South Korea on Tuesday, expressing his appreciation for the company’s investments in the U.S. state. He toured Samsung’s Pyeongtaek Campus, located approximately 60 kms south of Seoul, looking around the chip production line and various products, according to industry sources. Samsung […]
Tech Mahindra, Microsoft join hands to modernise workplace experiences with GenAI
New Delhi, July 9 (IANS) Tech Mahindra on Tuesday announced a collaboration with Microsoft to modernise workplace experiences with Copilot for Microsoft 365. This will benefit their over 1,200 customers and an initial over 10,000 employees across 15 locations. Tech Mahindra will improve workforce efficiency and streamline processes, ushering in a new era of modern […]
Semiconductor design firm UNISOC launches new chipset in India
New Delhi, July 9 (IANS) Semiconductor design company UNISOC on Tuesday launched a new chipset — UNISOC T760, in India. The company said that with the introduction of the UNISOC T760, it aims to make 5G accessible to everyone. In India, it is collaborating with key OEM (original equipment manufacturer) players to bring the new […]
Number of new jobs more than doubles to 46.6 million in 2023-24: RBI data
New Delhi, July 9 (IANS) As many as 46.6 million new jobs were created in the Indian economy during 2023-24, according to the latest data released by the Reserve Bank of India. The total number of people employed in the country rose from 596.7 million in 2022-23 to 643.3 million in the financial year ended […]
India to see 13-14 pc growth in warehousing logistics supply in FY25: Report
New Delhi, July 9 (IANS) As the government focusses on making India a global manufacturing hub, industrial and warehouse logistics supply is projected to grow by 13-14 per cent year-on-year (YoY) in FY25 to nearly 424 million square feet (sq ft), a report showed on Tuesday. The growth in warehousing space in India’s eight major […]
Outbound travel from India emerges as future growth engine for global tourism
New Delhi, July 9 (IANS) Outbound travel from India is emerging as a future growth engine for global tourism, with the rapid expansion of the middle classes and scaling up of air connectivity across the country, a new report by the Organisation for Economic Co-operation and Development (OECD) has revealed. In Asia Pacific, the recovery […]
Halle Berry, Glenn Close sign up for legal drama ‘All’s Fair’
Los Angeles, July 9 (IANS) Actresses Halle Berry, Glenn Close, and Kim Kardashian are set to star in an upcoming legal drama from writer-director Ryan Murphy. The series, currently titled ‘All’s Fair’, will focus on an all-female law firm in Los Angeles, reports Variety. Details about Berry and Glenn’s characters are being kept under wraps. […]
