1st-ever ‘Made in India’ BMW X1 Long Wheelbase All Electric launched
New Delhi, Jan 17 (IANS) BMW India on Friday launched its first-ever ‘Made in India’ BMW X1 Long Wheelbase All Electric at the ‘Bharat Mobility Global Expo 2025’ here. The introductory ex-showroom price of the BMW X1 Long Wheelbase All Electric eDrive20L M Sport is Rs 49,00,000, the company said in a statement. The BMW […]
India Semiconductor Mission, CG Power and CG Semi ink fiscal support agreement
New Delhi, Jan 17 (IANS) The India Semiconductor Mission (ISM) on Friday signed a Fiscal Support Agreement (FSA) with CG Power and CG Semi, that will help the country develop a robust semiconductor manufacturing ecosystem. CG Power is setting up its semiconductor OSAT unit in Sanand, Gujarat, which is in partnership with Renesas Electronics America […]
Hyundai, Kia expected to announce record 2024 earnings: Report
Seoul, Jan 16 (IANS) Hyundai Motor and Kia, South Korea’s top automakers, are expected to release their annual earnings results next week, drawing attention as to whether they can extend their streak of record-breaking performances, industry watchers said on Thursday. According to an analysis of securities industry forecasts by Yonhap Infomax over the past three […]
Land deals in NCR spikes 72 pc in 2024, highest in India
Mumbai, Jan 16 (IANS) Land deals in NCR (National Capital Region) surged 72 per cent to 38 for more than 417 acres in 2024, from 22 land deals for over 190 acres in 2023 — the highest figure recorded in the country last year, according to a report on Thursday. In number of deals in […]
Infosys clocks 11.5 pc net profit growth at Rs 6,806 crore in Q3
New Delhi, Jan 16 (IANS) IT major Infosys on Thursday reported 11.5 per cent increase in net profit at Rs 6,806 crore in the third quarter (Q3) this fiscal, from Rs 6,106 crore in the year-ago period. The digital services and consulting leader delivered strong and broad-based performance with $4,939 million in Q3 revenues, growth […]
Hyundai Motor raises alarm at BYD’s entry into South Korean market
Seoul, Jan 15 (IANS) Hyundai Motor Group’s think tank on Wednesday cautioned against underestimating BYD, China’s largest electric vehicle (EV) manufacturer, as it plans to enter South Korea’s passenger car market. Yang Jin-soo, head of the mobility industry research division at Hyundai Motor Group Business Research Center, said during a seminar with automotive industry reporters […]
80 pc of Indian companies find AI a core strategic priority: Report
New Delhi, Jan 15 (IANS) India has positioned itself as a leader in artificial intelligence (AI) adoption, with 80 per cent of companies identifying AI as a core strategic priority — well above the global average of 75 per cent, according to a report on Wednesday. About 69 per cent of Indian companies plan to […]
1.59 lakh startups, 16.6 lakh jobs make India world’s 3rd largest ecosystem: Centre
New Delhi, Jan 15 (IANS) With more than 1.59 lakh startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) as of January 15, India has firmly established itself as the third-largest startup ecosystem in the world, the government said on Wednesday. From 2016 to October 31, 2024, recognised startups have reportedly […]
C-DOT, IIT Mandi join hands to develop chip for spectrum efficiency
New Delhi, Jan 13 (IANS) The Centre for Development of Telematics (C-DOT) on Monday said it has signed an agreement with the Indian Institute of Technology Mandi (IIT Mandi) — in collaboration with Indian Institute of Technology Jammu (IIT Jammu) — for the development of “Wideband Spectrum-Sensor ASIC-Chip for Enhancing the Spectrum Utilisation”. The project […]
WeWork India clocks nearly Rs 131 crore loss in FY24, expenses up by 19 pc
New Delhi, Jan 13 (IANS) Flexible co-working space provider WeWork India suffered a loss of about Rs 130.8 crore in FY24, down from Rs 144.5 crore in FY23. WeWork India’s total expenses last fiscal also increased by 19 per cent to Rs 1,864.3 crore. The expenses were Rs 1,566.7 crore in FY23. The Bengaluru-based company’s […]
