New Delhi, Feb 28 (PTI) Semiconductor plant gear maker Lam Research India has signed a memorandum of understanding with CeNSE and the Indian Institute of Science, Bengaluru to offer a sponsored fellowship program for second-year Master of Technology (MTech) students, starting in the 2022-23 academic year. Lam India has been a part of CeNSE's (Centre [...]

New Delhi, Feb 28 (PTI) Defence Expo 2022 will have an event called Invest4iDEX, where startups will be able to pitch their ideas in front of a live audience, which will have reputed investors and venture capitalists, the defence ministry said on Monday.  Defence Expo 2022 will be held in Gujarat's Gandhinagar from March 10 [...]

Union Bank of India in co-lending tie-up with Ambit Finvest Mumbai, Feb 28 (PTI) State-run Union Bank of India on Monday announced a co-lending tie-up with Ambit Finvest aimed at serving small business borrowers. Under co-lending a bank typically depends on a smaller financial services player's network or underwriting to help target segments. ****** Tata [...]

Mumbai, Feb 28 (PTI) Air India Express, the low-cost international budget arm of Air India, has said it is operating a flight to Bucharest in Romania to fly back Indian evacuees from war-torn Ukraine.              Air India Express flight, IX-1201, which departed from the city's Chhatrapati Shivaji Maharaj International Airport at 1.50 pm on Monday, is [...]

New Delhi, Feb 28 (PTI) An individual has settled with markets regulator Sebi a case related to alleged violation of insider trading norms while dealing in the shares of HDFC Bank. Samrat Dasgupta has settled the case by paying a settlement amount of nearly Rs 24 lakh to the Securities and Exchange Board of India [...]

New Delhi, Feb 28 (PTI) D B Realty on Tuesday said it has won a legal case regarding the title of a land owned by the company in Mumbai and will now develop a 2 million square feet office complex. In a regulatory filing, D B Realty informed that its subsidiary Esteem Properties owns about [...]

New Delhi, Feb 28 (PTI) Ravindra Energy said it will seek shareholders' approval to raise up to Rs 102 crore through issuance of warrants at its extraordinary general meeting (EGM) on March 23, 2022. The Board of Directors proposes to create, offer, issue and allot two crore warrants at the rate of Rs 51 per [...]

Mumbai, Feb 28 (PTI) Aggregate sales of 1,701 listed manufacturing companies recorded a growth of 27.3 per cent in the third quarter of 2021-22 on an annual basis, aided by high sales growth in petroleum, non-ferrous metals, iron and steel, chemicals and textiles industries, according to RBI data released on Monday. RBI released the data [...]

Mumbai, Feb 28 (PTI) Air India Express, the low-cost international budget arm of Air India, has said it is operating a flight to Bucharest in Romania to fly back the Indian evacuees from war-torn Ukraine.             Air India Express flight, IX-1201, which departed from the city's Chhatrapati Shivaji Maharaj International Airport at 1.50 pm on Monday, is [...]

New Delhi, Feb 28 (PTI) Tech Mahindra plans to work with 1,200 clients for its newly-launched metaverse business and deploy about 1,000 engineers in about a year for the development of technology, a top official of the company said on Monday. The metaverse division of the company will work on developing and supporting immersive virtual [...]

New Delhi, Feb 28 (PTI) Involving local communities in cross-border trade and reducing procedural bottlenecks in inland water transport will increase the potential of bilateral trade between India and Bangladesh, research firm CUTS International said on Monday. It also said the transboundary rivers of India and Bangladesh can generate opportunities for the local communities in [...]

Moscow, Feb 28 (PTI) Russian President Vladimir Putin has no assets abroad, the Kremlin said on Monday, dismissing as "absurd and short-sighted" the personal sanctions slapped on him by the US and its Western allies for ordering a full-fledged military offensive against Ukraine."He is quite indifferent," Kremlin Spokesman Dmitry Peskov said when asked how Putin [...]

New Delhi, Feb 28 (PTI) Skoda Auto India on Monday said it has launched all-new Slavia with a price starting at Rs 10.69 lakh (ex-showroom), hotting up competition in the premium mid-size sedan segment. With Slavia, the company is aiming for a leadership position in the mid-size sedan segment which is currently dominated by the [...]

Kolkata, Feb 28 (PTI) In its bid to take full management control of city-based dry cell battery major Eveready Industries India Ltd, the Burmans of the Dabur family on Monday made an open offer for an additional 26 per cent of shares at Rs 320 per scrip. The mandatory open offer under the takeover regulations [...]

Mumbai, Feb 28 (PTI) Since the beginning of the current fiscal year, states' average cost of borrowings has risen by 54 basis points to 7.11 per cent, even as it fell from the peak of 7.26 per cent two weeks ago. At the weekly auctions of state debt conducted on Monday, the weighted average cost [...]

New Delhi, Feb 28 (PTI) With increasing use of artificial intelligence (AI) in the financial sector, policymakers need to take extra care that the regulatory framework should not inhibit innovation, NITI Aayog Senior Adviser Anna Roy said on Monday. Addressing a virtual conference on 'AI in Indian Financial Services - Uncovering Ground Truth' organised by [...]

Mumbai, Feb 28 (PTI) To optimise yield and productivity, Farmer Producer Organisations (FPOs) need to adopt new technologies, National Bank for Agriculture and Rural Development (NABARD) Chairman G R Chintala said on Monday. "While production increases, productivity remains a challenge and to overcome this challenge FPOs need to leverage new technologies such as AI and [...]

Hyderabad, Feb 28 (PTI) IT major Tech Mahindra on Monday announced the launch of TechMVerse, its Metaverse practice, to deliver interactive and immersive experiences in the Metaverse for its customers. The company will train a workforce of 1,000 engineers in the first year and the operations of TechMVerse will be through four hubs -- Dallas, [...]

New Delhi, Feb 28 (PTI) Government-owned ECGC on Monday said it has modified the insurance cover category for Indian exports to Russia, under which revolving limits are approved on a case-to-case basis, amid the ongoing conflict between Russia and Ukraine. The Export Credit Guarantee Corporation (ECGC) in a communication has said that "based on the [...]

New Delhi, Feb 28 (PTI) BDR Pharmaceuticals on Monday said it has launched prostate cancer treatment drug Enzalutamide in 160 mg strength. The company has introduced the medication, under the brand name BDENZA 160mg, at Rs 6,300 for a strip of seven tablets. The medicine was previously available in 40 mg and 80 mg strength [...]

New Delhi, Feb 28 (PTI) Former Finance Secretary Hasmukh Adhia has been nominated again as the chairman of state-owned Bank of Baroda (BoB), according to a government order. The Appointments Committee of the Cabinet has approved the proposal of the Department of Financial Services for re-nomination of Adhia as non-executive chairman of the BoB, a [...]

Mumbai, Feb 28 (PTI) Telecom Sector Skill Council (TSSC) on Monday said it has signed an agreement with Delhi Skill and Entrepreneurship University (DSEU) to collaborate on leveraging capabilities around skilling and placement. The Memorandum of Understanding (MoU), which has been signed for a period of three years, is primarily focused on working together for [...]