Latest News, Updates & Breaking Headlines
NEW DELHI: American automaker Ford is returning to India, but this time to manufacture engines and not cars. The company on Friday said it will invest Rs 3,250 crore to produce new generation engines at its Chennai plant.The automaker, which exited the Indian market in 2021, said it has signed a memorandum of understanding with…
Kalyani Priyadarshan expressed gratitude as Lokah: Chapter 1 – Chandra, produced by Dulquer Salmaan and directed by Dominic Arun, became the first Malayalam film to cross ₹300 crore globally. She recalled her emotional connection with the haunting track “Paranje” and said the film’s success will encourage greater investment in Malayalam and female-led cinema. Kalyani Priyadarshan…
Life Insurance Corporation (LIC) of India NEW DELHI: Days after Washington Post reported that the Centre had asked LIC to invest in Adani Group companies, the state-run player has said that it did not receive any instructions from the govt for investing in any entity of the conglomerate. “LIC categorically clarifies that the documents mentioned…
ChatGPT-maker OpenAI has written to the US government, saying that the nation must drastically increase its investment in new energy capacity to prevent falling behind China in the global race for artificial intelligence (AI) supremacy. The startup, which has recently embarked on deals for massive, power-hungry data centres, submitted an 11-page document to the White…
Lenskart IPO: Eyewear retailer Lenskart is set to make its stock market debut, with its initial public offering (IPO) opening for subscription on October 31 and closing on November 4.Lenskart, founded in 2008, operates over 2,500 stores across India, the Middle East, and Southeast Asia, and has evolved into a global omnichannel eyewear retailer.The listing…
Google has announced plans to invest $15 billion over the next five years in setting an artificial intelligence hub in Visakhapatnam. The company made the announcement at an event in New Delhi today. On the occasion, Google CEO Sundar Pichai shared that he discussed the project with PM Narendra Modi. Pichai said that during his…
CHENNAI: Taiwan-based electronics major Hon Hai Technology Group (Foxconn) has announced an investment of Rs 15,000 crore for various manufacturing projects in Tamil Nadu, the state’s industries minister TR B Rajaa said.While details of the projects were not disclosed, it is learnt that Foxconn is likely to invest in electric vehicle batteries, among other technology…
Nigel Toon, cofounder and CEO of Graphcore MUMBAI: British semiconductor company Graphcore, a subsidiary of SoftBank Group, is launching a new AI engineering campus in Bengaluru and planning to create 500 semiconductor jobs with up to $1.3 billion (1 billion pounds) invested over the next decade. The engineering centre will be a core part of…
(Image credits: X @RevolutApp) MUMBAI: British fintech Revolut will invest $670 million (500 million pounds) in India over five years, the company said. The investment will help the firm to build its business in the region and aid growth of its global capability centre (GCC) in the country. “Revolut recently committed 10 billion punds in…
PM Modi with communications minister Jyotiraditya Scindia, his deputy Chandra Sekhar Pemmasani, chairman of Reliance Jio Infocomm Akash Ambani, and Bharti Group chairman Sunil Bharti Mittal at the inauguration of the India Mobile Congress NEW DELHI: Prime Minister Narendra Modi on Wednesday made a pitch to boost investments in manufacturing in the country, saying, it…
