Despite challenges to domestic economic activity, India to remain in advantageous position in 2023-24: RBI

New Delhi (IANS) Reserve Bank of India (RBI) has said that domestic economic activity does face challenges from an uninspiring global outlook going forward, but resilient domestic macroeconomic and financial conditions, expected dividends from past…

Markets close on high note; Nifty heading towards lifetime high

Chennai (IANS) The two Indian stock markets ended on a high note on Monday with experts predicting the Nifty of NSE is progressing towards a lifetime high.

The Nifty opened the week on a high note at 18,619.15 points after closing previously…

Xiaomi India joins Optiemus to manufacture audio products locally

New Delhi (IANS) Xiaomi India on Monday announced a partnership with Optiemus Electronics Limited (OEL) to manufacture its audio products in the country.

Through this partnership, Xiaomi has kicked off the production for its first locally-manufactured…

Markets in 'Now or Never' mood for new lifetime highs

Markets closed the week with a bang and gained sharply on the first day of the June series. The June series would be of five weeks and markets are now less than 2 per cent away from lifetime highs. The whole of the next week would be spent in deciding,…

Bengaluru-based virtual events platform Airmeet lays off 30% of workforce

New Delhi (IANS) Homegrown virtual events platform Airmeet has laid off nearly 75 employees, about 30 per cent of its workforce, that affected staff in various departments.

According to leading startup news portal Inc42, the layoffs impacted…

Tesla Model Y becomes 1st EV to earn world's best-selling car tag

New Delhi (IANS) Tesla Model Y has become the first all-electric vehicle to be billed as the world's bestselling car, a report has shown.

Tesla Model Y surpassed Toyota's RAV4 and Corolla models to top global sales rankings in the first…

India leads with 27% share of global smartwatch shipments

New Delhi (IANS) Global smartwatch shipments contracted 1.5 per cent (year-on-year) in the first quarter this year and the 121 per cent growth in India's shipments managed to restrict the decline, a report showed on Friday.

In terms of…

OpenAI offers 10 grants worth $100K each to democratise AI

New Delhi (IANS) Microsoft-backed ChatGPT developer OpenAI has introduced 10 grants worth $100,000 each for building prototypes of "a democratic process for steering" artificial general intelligence (AGI).

The company said that its goal is…

Myntra's EORS 18 set to go live on June 1 with 2.1 mn fashion, beauty & lifestyle products

New Delhi (IANS) Myntra, one of India's leading fashion, beauty and lifestyle destinations, said on Thursday that it is set to host the 18th edition of its flagship fashion extravaganza 'EORS' (End of Reason Sale) from June 1, with Early…

Meta global layoffs hits India, top executives among those asked to go

New Delhi (IANS) Meta's (formerly Facebook) third round of job cuts that affected 6,000 employees globally has hit several employees in India, including senior executives.

According to reports, Avinash Pant, director of marketing for India,…