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SAP's India arm eyes more patents, jobs amid artificial intelligence push

The company, which looks to double its AI talent base by 2024, expects "3,000 new joinees to enter the organisation every year", Gangadharan said

Centre issues tender for gas-fired power to address high electricity demand

"The operation of gas-based plants is envisaged tentatively for 20 days during the crunch period, extendable by another five days based on requirement," a tender issued by a unit of state-run NTPC Ltd

Reliance Industries to temporarily shut some Jamnagar units for maintenance

The conglomerate owned by billionaire Mukesh Ambani is the operator of the world's biggest refining complex which houses two plants with a combined capacity of about 1.4 million barrels per day

Nielsen names insider Karthik Rao as new CEO

Since early 2023, the 23-year veteran Rao has served as the chief of Nielsen's audience measurement business

Google parent Alphabet fires hundreds from global recruitment team

Firm cut about 12,000 jobs in January, reducing workforce by 6%

SoftBank's Arm eyes $62 billion valuation in likely stellar Nasdaq debut

Its stock opened at $56.1 per American Depositary Share compared with the initial public offering (IPO) price of $51, in a sign of confidence for other companies planning to list

Vedanta hires former Gold Fields CEO Griffith to run copper, zinc mines

Griffith stepped down as chief executive of Gold Fields in December, after a short stint at the Johannesburg-based gold producer, following an unsuccessful bid to buy Canadian Yamana Gold

Dollar hits 6-month high after data as ECB wraps up rate hiking cycle

U.S. retail sales increased by 0.6% in August, more than expected 0.2% rise, boosted by higher gasoline prices while weekly initial jobless claims rose to 220,000 but were below the 225,000 forecast

Aluminium sector surging but hampered by labour shortages: Hindalco

India is already the world's second biggest aluminium producer and third biggest consumer, with demand set to double over the next decade, Nilesh Koul, an executive with Hindalco Industries

India has no immediate plan to scrap import duty on wheat: Official

New Delhi was considering cutting or even abolishing a 40% import tax on wheat as part of efforts to boost supplies, a government official said last month

Pessimism about Chinese economy not overdone, upbeat about India: DBS chief

DBS Group Chief Executive Piyush Gupta said current widespread pessimism about China's economy was not "overdone" but he was upbeat about India

Goa state warns Abbott India on antacid Digene license suspension

The state authorities have given Abbott seven days to respond to the notice to defend its position

India may cut market borrowing if small savings shoot up: Ajay Seth

India has projected gross market borrowing at 15.43 trn Indian rupees ($185.88 bn) for the fiscal year ending on March 31, of which it plans to borrow 8.88 trn rupees between April and Sept

Corporate tax collections seen in line with budget estimates: Ajay Seth

Corporate tax collections between April and July fell 10% to 1.76 trillion Indian rupees ($21.20 billion) from a year earlier, government data showed

Focusing on enabling UPI, e-rupee interoperability, says RBI deputy guv

The Reserve Bank of India is focusing on enabling interoperability of the United Payments Interface with the central bank's digital currency or e-rupee, deputy governor Rabi Sankar said

Dubai Aerospace flags corrosion in plane leased to bankrupt Go First

Foreign lessors have been engaged in a legal tussle to repossess their aircraft after the Indian airline was granted bankruptcy protection in May

Singapore reaping rising investment from India, China, Southeast Asia

"The main driver for investments was actually the semiconductor super cycle," Poh said, though that sector is now facing shrinking demand

Oil prices rises as expected supply cuts offset inflation concerns

The continuing supply cuts could lift Brent futures above the $100 a barrel threshold before the end of the year, Bank of America analysts said on Wednesday

'Flood' of China EVs: EU begins investigation, may slap tariffs

The Commission will have up to 13 months to assess whether to impose tariffs above the standard 10 per cent EU rate for cars in its highest profile case against China

'Flood' of China EVs: EU begins investigation, may slap tariffs

The anti-subsidy investigation covers battery-pow- ered cars from China, so also includes non-Chinese brands made there