Seoul, July 30 — Samsung Electronics said on Thursday its second-quarter net profit jumped nearly 1,300 per cent from a year earlier, as strong demand for semiconductors related to artificial intelligence (AI) offset weaker earnings in its mobile business.Net profit for the April-June period came…
New Delhi, July 29 — Public sector manganese ore major MOIL on Wednesday reported a 70 per cent increase in net profit to Rs 87.62 crore for the first quarter of the current financial year compared to the corresponding figure of Rs 51.51 crore for the same quarter of the previous financial year.The…
New Delhi, July 29 — India is on track to connect up to 100 crore people to 5G technology by 2030, Union Communications Minister Jyotiraditya Scindia said on Tuesday, highlighting the country's rapid digital transformation and its ambitions to emerge as a global leader in 6G technology.Speaking at…
New Delhi, July 29 — Commerce and Industry Minister Piyush Goyal on Wednesday said India's merchandise exports have remained resilient despite mounting geopolitical tensions and disruptions to global trade routes, registering a 15 per cent growth so far in the current financial year.Delivering the…
New Delhi, July 29 — German luxury carmaker BMW on Wednesday announced plans to cut several thousand jobs in Germany by the end of 2027 through a voluntary redundancy programme, becoming the latest automaker to reduce its workforce amid weakening demand, mounting cost pressures and a challenging…
New Delhi, July 29 — Kolkata-based Texmaco Rail & Engineering Limited, France's Touax Group and US-based TrinityRail Global Inc. have entered into a strategic three-way partnership to strengthen India's rail freight ecosystem by creating an integrated railcar leasing platform and investing in…
Mumbai, July 29 — In a major move to ensure transparency and maintain quality in government-funded development projects across Maharashtra's Urban Local Bodies comprising Municipal Corporations, Municipalities, and Nagar Parishads, the state government on Wednesday decided to leverage advanced…
Gandhinagar, July 29 — In a remarkable growth journey, a Chennai-based Murugappa Group, which launched the Hercules cycles in 1951, is now manufacturing semiconductor chips in Gujarat's Sanand district. The group had launched its TI cycles in partnership with The UK's Tube Investments company, and…
New Delhi, July 29 — The Ministry of Heavy Industries has extended timelines for global tender under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM) to widen participation, an official statement said on Wednesday. The bid due date has been extended from July 29,…
Mumbai, July 29 — Vedanta Power Limited on Wednesday reported a consolidated net loss of Rs 423 crore for the first quarter of FY27, weighed down by a sharp rise in exceptional losses.The company's consolidated revenue from operations stood at Rs 2,595 crore in the quarter ended June 30, 2026,…
New Delhi, July 29 — Samsung’s 8th generation foldable smartphones -- the Galaxy Z Fold8 Ultra, Galaxy Z Fold8, and Galaxy Z Flip8 -- have shattered pre-order records, underscoring the mainstreaming of foldable technology and unparalleled consumer enthusiasm in India, it was announced on Wednesday.…
New Delhi, July 29 — India could require 19–23 GW of operational data centre capacity by 2030, up from about 1.6 GW today, and building that AI infrastructure may need roughly $350–435 billion of cumulative investment by 2030, a report said on Wednesday. The report from OmniScience Capital said a…
Bangalore, July 29 — Marvell Technology on Wednesday announced plans to invest $250 million in India over the next three years to expand its research and development capabilities, engineering talent and infrastructure, reinforcing the country's growing role in the global semiconductor industry.The…
New Delhi, July 29 — India’s information technology sector (IT) remained a net employer in FY26, adding around 1.35 lakh jobs, the government told the Parliament on Wednesday.The job growth counters the general fear that automation and artificial intelligence (AI) are causing widespread layoffs.In…
New Delhi, July 29 — The government on Wednesday said that electronics production has increased from Rs 11.32 lakh crore in FY 2024-25 to Rs 13.11 lakh crore in FY 2025-26, clocking a year-on-year growth rate of 15.8 per cent in the last one year.Electronics exports increased 11-fold to over Rs 4…
New Delhi, July 29 — The government on Wednesday said the total number of driver-partners (Sarathis) onboarded nationwide under the Bharat Taxi initiative stands at 7.97 lakh (as on July 19).The platform presently has 2.55 lakh Sarathis in the Delhi-NCR region, 1.01 lakh in Gujarat and 71,095 in…
Mumbai, July 29 — Sharda Cropchem Limited on Tuesday reported a 38.34 per cent year-on-year (YoY) decline in its consolidated net profit to Rs 88.03 crore for the first quarter ended June 30, 2026 (Q1 FY27).The company's revenue from operations rose 9.03 per cent to Rs 1,073.76 crore in the…
New Delhi, July 29 — The government has signed memorandums of understanding (MoUs) with 24 countries to share population‑scale digital solutions to accelerate global digital transformation, the Parliament was informed on Wednesday.These agreements provide a framework for cooperation on capacity…
New Delhi, July 29 — The government's Electronics Development Fund (EDF) has helped channel investments worth Rs 1,335.77 crore into 128 startups and companies engaged in Electronics System Design and Manufacturing (ESDM) and Information Technology (IT), according to an official statement on…
New Delhi, July 29 — Safety on Indian Railways has improved markedly, with train accidents dropping 88 per cent to 16 incidents in 2025–26 from 135 in 2014–15 and just two in the current year up to June, the government informed Parliament on Wednesday.Consequential Accident Index -- accidents per…
Mumbai, July 29 — Indian benchmark equity indices ended sharply higher on Wednesday, led by strong buying in information technology, FMCG and metal stocks.The Sensex surged 889 points, or 1.16 per cent, to close at 77,654.60, while the Nifty advanced 265 points, or 1.10 per cent, to settle at…