Homegrown EV firm BluSmart raises Rs 200 cr
New Delhi, July 15 (IANS) Homegrown Electric Vehicle (EV) company BluSmart on Monday said it has raised $24 million (about Rs 200 crore) in its pre-series B round. The new funding will help BluSmart expand its operations and build charging infrastructure and assets in key cities. “The latest fundraise of $24 million is an important […]
AMD, IIT-B partner to support semiconductor startups in India
New Delhi, July 15 (IANS) Chip-maker AMD India on Monday announced a partnership with the Society for Innovation and Entrepreneurship (SINE), an incubator at IIT-Bombay, to promote semiconductor startups in the country. Under the partnership, AMD will provide grants to IIT-B incubated startups working on the development of energy-efficient spiking neural network (SNN) chips. The […]
Equity mutual funds’ AUM reach Rs 23.8 lakh crore in June in India
Mumbai, July 15 (IANS) The assets under management (AUM) of equity mutual funds witnessed a growth of 8.27 per cent sequentially to reach Rs 23,84,727 crore in June, from Rs 22,02,497 crore in May (excluding sectoral/thematic funds), a report showed on Monday. Around 57 per cent of the funds were able to outperform their respective […]
WPI inflation edges up to 3.36 pc in June
New Delhi, July 15 (IANS) The annual rate of inflation based on the all-India Wholesale Price Index (WPI) number edged up to 3.36 per cent in June this year compared to the same month of the previous year, figures released by the Commerce Ministry on Monday showed. The month-over-month change in WPI for June stood […]
Upskilling key for India’s tech workforce to thrive in AI era: Report
New Delhi, July 15 (IANS) Even as India emerges as a global IT outsourcing hub and a breeding ground for technology startups, acquiring specialised skills to meet employer expectations is of utmost importance, a report said on Monday. Data shows that by 2025, AI is expected to contribute up to $500 billion to India’s GDP, […]
Bolivia’s entry in Mercosur important step in regional integration: Minister
La Paz, July 15 (IANS) Bolivia’s full entry into the Southern Common Market (Mercosur) is a historic event and represents a “very important hinge in regional integration,” said Foreign Affairs Minister Celinda Sosa Lunda. Mercosur “offers many opportunities” for Bolivia, Sosa said, thanking its member countries of Argentina, Brazil, Paraguay and Uruguay, reports Xinhua news […]
78 pc of Indian bosses optimistic on gig workers, stress proficiency in technical skills: Report
New Delhi, July 15 (IANS) While 78.57 per cent of employers in India find gig workers meeting or surpassing job requirements, they also emphasise their need to boost technical skills, according to a report on World Youth Skills Day on Monday. The report by learning and employability solutions provider, TeamLease EdTech, highlights that employers seek […]
OP Jindal Global University inks MoU with United Nations University to foster academic exchange
Sonipat, 15 July (IANS) O.P. Jindal Global University (JGU) and the United Nations University (UNU), Japan, have signed a Memorandum of Understanding (MoU) to establish ties of friendship and cooperation in the areas of higher education and research. The landmark agreement symbolises a significant step towards promoting academic collaboration through fostering knowledge, cultural and personnel […]
SBI hikes lending rates
Mumbai, July 15 (IANS) The country’s largest lender State Bank of India (SBI) has raised its benchmark marginal cost of lending rate (MCLR) by 5-10 basis points with effect from Monday (July 15). Interest rates on loans linked to MCLR are also likely to go up following the hike. The rate on loans of one-month […]
Vicky shuts down Katrina pregnancy rumours: When the time for good news comes, we will share
New Delhi, July 15 (IANS) Actor Vicky Kaushal has addressed and put to rest all rumours regarding his wife Katrina Kaif’s pregnancy, stating that when the “good news” comes, the couple will share. Vicky was in the national capital along with co-actors Ammy Virk and Triptii Dimri to promote their upcoming film ‘Bad Newz’. Talking […]
