NEWS
Intel gets US govt funding for $100 billion revamp, expansion programme
25 Mar 2024
Intel is embarking on a major expansion and upgradation programme, involving investment of $100 billion, by setting up manufacturing facilities in four US states and upgrading existing facilities
.jpg "India's forex reserves hit record $642.5 billion")
India's forex reserves hit record $642.5 billion
25 Mar 2024
India’s foreign exchange reserves rose to an all-time high of $642.5 billion during the week ended 15 March 2024 as the surge in the forex inflows continued for the third successive week.
Isro carries out second landing test of Reusable Launch Vehicle
25 Mar 2024
Indian Space Research Organisation (Isro) on Friday successfully carried out a second test landing of its Reusable Launch Vehicle, Pushpak.
Dollar rises as Fed gives hope of rate cuts starting June
25 Mar 2024
The US dollar rallied against all G-10 currencies except the yen, on the back of rate hikes by several central banks while a relatively strong US economy and hoped of Fed lowering interest rates this year itself boosted carry trade.
REC, BHEL team up for renewable energy projects
25 Mar 2024
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, and Bharat Heavy Electrical Limited (BHEL) have agreed to jointly develop utility scale renewable energy projects across the country.
Bank of Japan exits zero rate policy, sets interest rate at 0.1%
19 Mar 2024
The Bank of Japan (BoJ) on Thursday announced a departure from its zero rate policy, keeping the short-term target rate in the 0-0.1 per cent
India’s patent office grants 1 lakh patents in one year
19 Mar 2024
The Indian Patents Office granted over one lakh patents in the one year period between 15 March 2023 and 14 March 2024, ie, around 250 patents each working day, as the number of patent seekers peaked.
Nissan, Honda to jointly explore future automobile technologies
19 Mar 2024
Japanese car makers Nissan Motor Co and Honda Motor Co have announced the signing of a memorandum of understanding (MoU) to explore the feasibility of a strategic partnership in the areas of vehicle electrification and the use of artificial intelligence.
Nvidia unveils superchip DGX SuperPOD to power AI
19 Mar 2024
Tech giant Nvidia on Monday unveiled the Blackwell-Powered DGX SuperPOD, a new family of GPU chips for powering Generative AI supercomputing, in a move to consolidate its hold on AI technology.
Cisco gets EU approval for $28 bn deal to acquire Splunk
18 Mar 2024
Cisco Systems has secured antitrust approval from European Union regulators for its $28 billion deal to acquire cybersecurity firm Splunk.
India slashes import duty on EVs to smoothen Tesla’s market entry
18 Mar 2024
India has slashed customs duty on import of ready-to-assemble automobiles, or CKD units, to 15 per cent for a period of five years, in a move that would help EV majors like Tesla enter the Indian market.
DP World to build modern container terminal near Kandla Port
18 Mar 2024
Dubai-based infrastructure major DP World will construct a mega container terminal at Tuna Tekra, DPA, Gujarat, under a concession agreement signed with the Deendayal Port Authority, Kandla.
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