Electronic permits see 17.6 pc growth in Dec amid greater formalisation in economy
New Delhi, Jan 10 (IANS) The E-way bills in India reached their second-highest level in the month of December at 112 million, up 17.6 per cent year-on-year. According to data by the Goods and Services Tax Network (GSTN) portal, this also marks a key increase from November’s 101.8 million. Last month’s e-way bill generation marked […]
LG Electronics eyes India’s market potential with planned $1.3 billion IPO
Las Vegas, Jan 9 (IANS) LG Electronics’ CEO Cho Joo-wan has said that the huge business potential in the Indian market is what drove the company to pursue an initial public offering (IPO) in the country. “The planned IPO aims to capitalise on the expanding demand,” Cho said during a press event at the Las […]
Demat accounts in India hit record 185 million in 2024
New Delhi, Jan 9 (IANS) As Indian equity benchmarks continue to outperform the global peers, the number of total demat accounts increased to record 185 million in 2024. The number of demat accounts increased by around 46 million over the last one year period, representing an average increase of 3.8 million accounts per month. According […]
Microsoft partners govt’s India AI Mission to skill 5 lakh people by 2026
New Delhi, Jan 8 (IANS) Microsoft Chairman and CEO Satya Nadella here on Wednesday announced several AI partnerships in the country, which includes an MoU with the government’s ‘India AI Mission’ to skill 5 lakh people. The MoU with India AI, a division of Digital India Corporation, aims to leverage AI to drive innovation, enhance […]
AI to bring new urgency to reinvention, become personal brand ambassador: Report
New Delhi, Jan 7 (IANS) As artificial intelligence (AI) diffusion accelerates across enterprises and society at a rate that is faster than any prior technology, 69 per cent of executives, including in India, believe it brings new urgency to reinvention and how technology systems and the processes it enables are designed, built and operated, a […]
Empowered 2.4 million Indians with AI skills: Microsoft
New Delhi, Jan 7 (IANS) Microsoft on Tuesday said it has empowered 2.4 million Indians, including civil servants, college students and people with disabilities, with artificial intelligence (AI) skills. Last year, Microsoft Chairman and CEO Satya Nadella launched an India-specific initiative to equip two million individuals with AI skills by 2025. “Our aim is to […]
Average affluent Indian managing over 434 peer-to-peer banking transactions annually
New Delhi, Jan 7 (IANS) The financial activities among the affluent class in the country is experiencing unprecedented levels, with the median individual managing over 434 peer-to-peer banking transactions annually and experiencing accelerated flows of earning, investing and spending, a report showed on Tuesday. The dramatic increase in financial complexity has driven widespread adoption of […]
BMW Group India clocks best-ever sales at 15,721 units in 2024 with 11 pc growth
New Delhi, Jan 7 (IANS) Amid rising disposable incomes in an aspirational country, luxury car-maker BMW Group India on Tuesday said it achieved its best-ever annual car deliveries last year at 15,721 units with 11 per cent growth. BMW Group India also crossed 3,000 EV deliveries till date, becoming the first luxury car manufacturer in […]
Assam offers lucrative investment opportunities in chips, tourism and other sectors: CM
Mumbai, Jan 6 (IANS) Assam Chief Minister Himanta Biswa Sarma on Monday held a roadshow in the financial capital for the mega investment and infrastructure summit, to be held in the state on February 25-26. He earlier had intense discussion with top industrialists on the future roadmap of investment in the state. Sarma told reporters […]
CES 2025: Samsung Display to unveil foldable, OLED screens for IT devices, cars
Seoul, Jan 5 (IANS) Samsung Display, a screen-making subsidiary of Samsung Electronics, said on Sunday it will unveil a versatile lineup of foldable and organic light-emitting diode (OLED) displays at the upcoming CES 2025, aiming to expand its presence beyond smartphones into the IT and automotive sectors. The company’s flagship foldable panels for IT devices […]
