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…

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…

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,…

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…

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…

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…

Reliance Retail generates net new employment for 2,500 people

New Delhi (IANS) Reliance Retail generated net new employment for 2,500 people from January 2023 alone.

As per market sources, 567 people resigned on performance grounds and serving notice-period post April 2023.

Drumming up 567 performance-based…

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,…

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…

Hyundai Motor India introduces transformational HR practices to become industry-leading 'role-based organisation'

New Delhi (IANS) Hyundai Motor India Ltd., the countrys first smart mobility solutions provider and largest exporter since inception, has ushered in a reimagined and co-created role based organisation structure to augment its vision Progress for Humanity.