NEWS
EU approves Nvidia's $700 million deal to acquire Run:ai
24 Dec 2024
The European Commission, the executive arm of the European Union (EU), has approved Nvidia’s $700 million deal to acquire Israel-based GPU chipmaker Run:ai
India’s telephone subscriber base shrinks in October
23 Dec 2024
The number of telephone subscribers in India decreased by 0.21 per cent to 1,188.20 million at the end of October 2024, from 1,190.66 million at the end of September.
Reliance Digital Health to acquire 45% stake in Health Alliance Group for $10 million
23 Dec 2024
Reliance Digital Health Ltd (RDHL), a wholly-owned subsidiary of Reliance Industries Ltd (RIL), has agreed to acquire 45 per cent equity stake in Health Alliance Group
News Corp to sell Foxtel to DAZN for $2.1 billion
23 Dec 2024
Rupert Murdock-led News Corporation has agreed to sell its loss-making digital platform Foxtel to DAZN Group Ltd, a UK-based sports streaming platform, for an enterprise value of A$3.4 billion ($2.1 billion).
UltraTech gets CCI nod for acquiring majority stake in India Cements
23 Dec 2024
Aditya Bilrla Group flagship UltraTech Cement has received approval from the Competition Commission of India (CCI) for its proposed acquisition of a majority stake in India Cements Ltd
GST Council recommends hike in GST on sale old vehicles to 18%
22 Dec 2024
The 55th meeting of the GST Council, at its meeting in Jaisalmer, Rajasthan on Saturday, recommended an increase in the GST rate on sale of old and used vehicles
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Russia claims its 'Kalinka' system can locate and disrupt Starlink signals
21 Dec 2024
Russia is reported to have developed a system that can locate, track and destroy signals from SpaceX’s Starlink satellites that helped Ukraine accurately locate and destroy Russian targets during the ongoing conflict.
RBI raises ceiling for collateral-free agricultural loan from Rs1.6 lakh to Rs2 lakh
21 Dec 2024
Reserve Bank of India (RBI) has announced an increase in the individual limit for collateral-free agricultural loans from Rs1.6 lakh to Rs2 lakh, with a view to offset the effect of inflation on agricultural inputs.
Govt launches ‘Jalvahak’ for regular cargo movement on inland waterways
21 Dec 2024
Early this week, India announced the launch of scheduled cargo vessel services on the main inland waterways that would facilitate regular movement of goods along the arterial rivers.
US Fed cuts Federal funds rate by 0.25% despite high inflation
20 Dec 2024
The Federal Open Market Committee on Wednesday announced a 0.25 per cent reduction in the target interest rate, bringing the federal funds rate to 4.25-4.50 per cent
ABB to acquire power electronics business of Gamesa Electric in Spain
20 Dec 2024
Electrical and instrumentation major ABB has agreed to acquire the power electronics business of Gamesa Electric in Spain.
MoU between SIA-India and Ghana Space Science inked
By Venkatachari Jagannathan | 20 Dec 2024
The SatCom Industry Association-India (SIA-India) on Friday said it has inked a Memorandum of Understanding (MoU) with the Ghana Space Science and Technology Institute (GSSTI) for furthering collaboration in the satellite communication and space sector.
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