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India’s rural-urban income gap declines sharply amid fall in poverty level: SBI Report
Business

India’s rural-urban income gap declines sharply amid fall in poverty level: SBI...

New Delhi, Feb 27: Along with the sharp decline in poverty in India, there has also been a marked reduction in the rural-urban income divide in the country, according to an SBI Research analysis of a Consumer Expenditure Survey released on Tuesday. Rural Poverty has staged a significant 440-basis...
India seeks greater say for developing countries at WTO meet
Business

India seeks greater say for developing countries at WTO meet

Abu Dhabi, Feb 26: India told the 13th Ministerial Conference of the World Trade Organization (WTO) in Abu Dhabi on Monday that it is of the firm view that developing countries require flexibility in the existing agreements to overcome the constraints faced by them in their industrialisation. The...
Zoho Corporation launches ‘Zakya
Business

Zoho Corporation launches ‘Zakya' modern retail POS solution in India

New Delhi, Feb 27: Tech company Zoho Corporation on Tuesday announced the launch of ‘Zakya’ a modern point of sale (POS) solution for retail stores in India that aims to streamline their day-to-day operations. Zakya offers businesses an end-to-end POS set up that includes a POS billing...
HFCL, MediaTek partner to help Indian telcos address last-mile 5G connectivity
Business

HFCL, MediaTek partner to help Indian telcos address last-mile 5G connectivity

New Delhi, Feb 27: In a bid to push the government’s vision of creating a sustainable telecom ecosystem, technology enterprise and communications solution provider HFCL Limited on Tuesday partnered with chip-maker MediaTek to integrate its chipset with the indoor 5G solution and help telecom...
India
Business

India's fresh fruit exports surge 29%, footprint spreads to 111 countries

New Delhi, Feb 17: Fresh fruits have emerged as a standout performer in India's agri export basket with a robust growth of 29 per cent in the nine-month period from April to Dec 2023, according to the latest data compiled by the Agricultural and Processed Food Products Export Development Authority...
Sky One joins bidding war with SpiceJet CMD & Busy Bee Airways for GoFirst
Business

Sky One joins bidding war with SpiceJet CMD & Busy Bee Airways for GoFirst

New Delhi, Feb 16: Sky One, an aviation company headquartered in Sharjah -- besides Chairman and Managing Director of SpiceJet, and Busy Bee Airways Private Limited -- has also submitted the bid for cash-strapped GoFirst on Friday. A SpiceJet airline official said that the bid has been submitted...
Oil prices not rising despite Middle East tensions as demand wanes
Business

Oil prices not rising despite Middle East tensions as demand wanes

New York, Feb 17: When Russia invaded Ukraine in 2022, the price of oil jumped to over $100 a barrel. But despite the threat of an escalation of tensions in the Middle East and attacks on Red Sea shipping, oil markets have yet to see such moves this time around, media reported. Oil prices spiked...
CM Siddaramaiah to present budget today
Business

CM Siddaramaiah to present budget today

Bengaluru, Feb 16: Karnataka Chief Minister Siddaramaiah is all set to present the state budget on Friday in the Assembly here. This will be his 15th budget presentation and eighth as the chief minister, which is the highest by any CM in the state. All eyes are on the revenue generation...
62% of firms globally plan to rely on 3rd-party providers for gen AI solutions: Report
Business

62% of firms globally plan to rely on 3rd-party providers for gen AI solutions:...

New Delhi, Feb 16: About 62 per cent of enterprises globally plan to rely on third-party providers for generative artificial intelligence (AI) solutions and enhanced technical capabilities, a new report said on Friday. According to the report by the management consulting company Everest Group,...
Nike to slash over 1,600 jobs to cut costs
Business

Nike to slash over 1,600 jobs to cut costs

San Francisco, Feb 16: Sportswear giant Nike has said that it will lay off about two per cent of its workforce or more than 1,600 employees in order to cut costs. In an internal memo to employees seen by The Wall Street Journal, Nike Chief Executive John Donahoe said that the company is using its...
Mahindra to equip its electric platform Inglo with electric components of Volkswagen
Business

Mahindra to equip its electric platform Inglo with electric components of...

New Delhi, Feb 16: Volkswagen Group and Mahindra & Mahindra Ltd. (M&M) have signed the first supply agreement on components of Volkswagen's MEB for Mahindra's purpose-built electric platform Inglo, a company statement said. The deal covers the supply of certain electric components as well...
Tata Group, Assam govt to build Rs 25,000cr semiconductor packaging plant: MoS IT
Business

Tata Group, Assam govt to build Rs 25,000cr semiconductor packaging plant: MoS...

New Delhi/Guwahati, Feb 15: Assam will soon have its first-ever semiconductor packaging plant worth nearly Rs 25,000 crore built jointly by the state government and Tata Group, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said on Thursday. Addressing the first-ever...
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