Articles for category: Business

Market News

Amid rising Russian military activity near Alaska, 130 US soldiers deploy to Shemya Island, testing readiness with mobile rocket launchers.

Amid rising Russian military activity near Alaska, 130 US soldiers deploy to Shemya Island, testing readiness with mobile rocket launchers.

About 130 US soldiers are returning home after a deployment to Shemya Island in Alaska, where they were sent last week to address increased Russian military activities nearby. This mission included troops from Alaska, Washington, and Hawaii, equipped with mobile rocket launchers as a precaution. The deployment coincided with the presence of Russian military planes ...

Market News

India’s AI mission, with Rs 10,372 crore funding, aims to boost compute capacity through public-private partnerships for innovation.

India’s AI mission, with Rs 10,372 crore funding, aims to boost compute capacity through public-private partnerships for innovation.

India’s government is set to enhance its artificial intelligence (AI) capabilities with the India AI mission, which has a budget of Rs 10,372 crores. A significant portion, over Rs 4,500 crores, will focus on increasing “compute capacity” through potential viability gap funding. During a Deloitte India event, Electronics and IT Secretary S Krishnan announced plans ...

Market News

After 41 days of protest, junior doctors in West Bengal partially resume duties, seeking justice following a colleague’s tragic death.

After 41 days of protest, junior doctors in West Bengal partially resume duties, seeking justice following a colleague’s tragic death.

Junior doctors in West Bengal are easing their 41-day cease work by partially rejoining emergency and essential services after the state government addressed several of their demands. This decision follows tragic events involving the rape and murder of a fellow doctor, which sparked the protests. The doctors will lift their sit-in outside the state health ...

Market News

Sikh separatist leader Pannun sues India over an alleged assassination plot, while India dismisses the claims as unfounded.

Sikh separatist leader Pannun sues India over an alleged assassination plot, while India dismisses the claims as unfounded.

Sikh separatist leader Gurpatwant Singh Pannun has filed a civil lawsuit in a New York court against the Indian government, claiming damages for an alleged assassination plot against him. Indian officials have dismissed the lawsuit as baseless, with Foreign Secretary Vikram Misri describing it as “unwarranted” and noting Pannun’s status as a wanted man in ...

Market News

In a dramatic turn, Israel triggered Hezbollah’s explosive pagers, deceiving operatives and igniting chaos across Lebanon.

In a dramatic turn, Israel triggered Hezbollah’s explosive pagers, deceiving operatives and igniting chaos across Lebanon.

A recent incident in Lebanon involved explosive pagers designed to mislead and target Hezbollah operatives. After being alerted by fake messages mimicking their leadership, explosions erupted across the country, causing chaos. The Israeli intelligence crafted a scheme to produce these dangerous pagers, allowing them to exploit the vulnerabilities in Hezbollah’s communication methods. Hezbollah leader Hassan ...

Market News

Government privatizes Ferro Scrap Nigam Ltd, selling it to Japan’s Konoike Transport for Rs 320 crore, exceeding reserve price.

Government privatizes Ferro Scrap Nigam Ltd, selling it to Japan’s Konoike Transport for Rs 320 crore, exceeding reserve price.

The Indian government has approved the privatization of Ferro Scrap Nigam Ltd (FSNL), selling it to Japan’s Konoike Transport Co Ltd for Rs 320 crore. FSNL is a subsidiary of MSTC Ltd under the Steel Ministry and specializes in recovering and processing scrap from steel production. Konoike’s bid was the highest among two qualified offers, ...

Market News

SpiceJet’s 8 million share sale attracts major investors amidst financial turmoil, aiming to revive its struggling operations and fleet.

SpiceJet’s $358 million share sale attracts major investors amidst financial turmoil, aiming to revive its struggling operations and fleet.

SpiceJet Ltd. has successfully attracted bids worth $358 million for its share sale, drawing interest from notable investors such as Tata Mutual Fund and Authum Investment. This move comes as the airline, based in Gurugram near New Delhi, struggles with staff furloughs and delayed tax payments. The share sale, offered at a discounted price of ...

Market News

Union Finance Minister Nirmala Sitharaman emphasizes banks’ vital role in achieving India’s 2047 development goals through sustainable growth and technology.

Union Finance Minister Nirmala Sitharaman emphasizes banks’ vital role in achieving India’s 2047 development goals through sustainable growth and technology.

Union Finance Minister Nirmala Sitharaman emphasized the vital role of the banking sector in achieving India’s goal of becoming a developed nation by 2047. Speaking at the 90th foundation day of the Bank of Maharashtra, she outlined key pillars for a prosperous India, including economic growth, social progress, environmental sustainability, and good governance. Sitharaman urged ...

Market News

Infosys enhances its partnership with Posti, leveraging AI to revolutionize logistics and customer experience across the Baltics and Scandinavia.

Infosys enhances its partnership with Posti, leveraging AI to revolutionize logistics and customer experience across the Baltics and Scandinavia.

Infosys, the Indian IT services giant, has announced an extension of its partnership with Posti, a leading delivery and logistics company operating in Finland, Sweden, and the Baltics. This collaboration aims to enhance customer experiences and improve operational efficiency through an AI-driven approach using Infosys’ Topaz platform, which leverages generative AI technologies. Additionally, Infosys will ...

Market News

Finance Minister Nirmala Sitharaman urges banks to drive India’s development goals by 2047, emphasizing the need for security in digital banking.

Finance Minister Nirmala Sitharaman urges banks to drive India’s development goals by 2047, emphasizing the need for security in digital banking.

Union Finance Minister Nirmala Sitharaman emphasized the vital role of the banking sector in transforming India into a developed nation by 2047 during a recent event celebrating the 90th Foundation Day of the Bank of Maharashtra. She highlighted the need for banks to support infrastructure growth, provide targeted funding for MSMEs, and include unbanked populations ...

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