NEWS

Google slaps new developer fees to comply with EU’s Digital Markets Act

Google slaps new developer fees to comply with EU’s Digital Markets Act

08 Mar 2024

Google is beefing up defences with new app developer fees as it stares at the European Union’s Digital Markets Act (DMA) that seeks to bring about a competitive app store ecosystem.

Russia, China plan to counter dollar dominance with BRICS payment system

Russia, China plan to counter dollar dominance with BRICS payment system

07 Mar 2024

Russia and China have proposed the setting up of an independent BRICS payment system using digital and blockchain technologies, in a move to end the dominance of US dollar in global payments.

Accenture acquires Udacity, launches AI learning platform LearnVantage

Accenture acquires Udacity, launches AI learning platform LearnVantage

07 Mar 2024

Accenture on Wednesday announced the acquisition of learning platform Udacity and the launch of an AI-focused learning platform, LearnVantage, as part of its capacity building efforts.

Govt reviews FDI policy on space sector

Govt reviews FDI policy on space sector

07 Mar 2024

The Government of India has amended the extant Foreign Direct Investment (FDI) policy in order to open up the on space sector for overseas investors.

Vitol to acquire 35% of Saras from Morati family

Vitol to acquire 35% of Saras from Morati family

06 Mar 2024

Dutch commodity group Vitol BV will acquire about 35 per cent of Saras SpA, a company engaged in the distribution of oil and gas products in Europe, from the Moratti family for €1.75 per share.

Ford to re-enter India with SUVs, hybrids and EVs: report

Ford to re-enter India with SUVs, hybrids and EVs: report

06 Mar 2024

Ford Motor, which exited India and sold its Gujarat plant to Tata Motors, is now all set to make a comeback with the launch of new car models, including SUVs and hybrid and electric vehicles

RBI bars JM Financial from lending against shares

RBI bars JM Financial from lending against shares

06 Mar 2024

Days after imposing restrictions on online payments banks Paytm and IIFL Finance, Reserve Bank of India (RBI) on Tuesday directed investment banker JM Financial

BHEL secures NTPC order for Rs9,500-cr super thermal project

BHEL secures NTPC order for Rs9,500-cr super thermal project

06 Mar 2024

Bharat Heavy Electricals Ltd. (BHEL) has won a Rs9,500 crore order from NTPC Ltd for setting up Stage III of the Singrauli Super Thermal Power Project in Sonebhadra district of Uttar Pradesh.

Tata Motors to spin off commercial and passenger vehicle businesses

Tata Motors to spin off commercial and passenger vehicle businesses

05 Mar 2024

Tata Motors on Monday announced plans to spin off its commercial vehicle and passenger vehicle divisions into separate businesses. This will be done by demerging the two divisions and merging each with related businesses, Tata Motors stated in a stock exchange filing.

Gross GST collection in February up 12.5% at Rs1,68,337 crore

Gross GST collection in February up 12.5% at Rs1,68,337 crore

05 Mar 2024

Gross revenue collection by way of Goods and Services Tax (GST) increased by 12.5 per cent year-on-year in February 2024 and stood at Rs1,68,337 crore. The increase in GST collection in February was marked by a 13.9 per cent increase in domestic transactions and 8.5 per cent increase in GST from import of goods.

Defence ministry approves Rs39,126-cr contract for domestic equipment makers

Defence ministry approves Rs39,126-cr contract for domestic equipment makers

05 Mar 2024

The defence ministry on Friday signed five major contracts with local defence equipment manufacturers for capital acquisition worth a total Rs39,125.39 crore, as part of the government’s `Make-in-India’ initiative.

Indian Navy to commission MH 60R ‘Seahawks’ helicopter squadron

Indian Navy to commission MH 60R ‘Seahawks’ helicopter squadron

04 Mar 2024

The Indian Navy will on Wednesday commission INAS 34, a new squadron of the newly inducted MH 60R Seahawk multi-role helicopter at INS Garuda, Kochi.