Global

While public criticism is mounting against the tunnel road project, the Congress-led government has decided to go ahead with it, a pet project of deputy CM DK Shivakumar

Karnataka to set up 'global innovation hub' in Bengaluru airport city

 ‘District I’ will anchor a 28 million sqft business park, merging R&D, education, lifestyle, and enterprise to position Bengaluru as the global innovation capital

Karnataka's KWIN City: MoUs signed with foreign universities, aims to become a global healthcare hub

Speaking at Invest Karnataka – Global Investors Meet, Karnataka’s Minister for Medical Education, Skill Development, and Livelihood Sharan Prakash Patil said that KWIN City will evolve into a premier healthcare hub.

Global AI Conclave: Karnataka's industrial policy to target Rs 7 lakh crore investment, 25 lakh jobs

The policy will also offer incentives for industries setting up R&D centres and manufacturing units in Karnataka

Global AI Conclave: Bengaluru traffic management to fully shift to AI-based systems, says traffic police chief

Bengaluru traffic police will soon launch ASTraM (Actionable Intelligence for Sustainable Traffic Management) mobile application to help citizens plan their routes 6 to 24 hours in advance based on real-time data

Karnataka to set up 3 Global Innovation Districts for GCCs: Siddaramaiah

Speaking at the Bengaluru Tech Summit 2024, Siddaramaiah said that Bengaluru Global Innovation District will be part of the Knowledge, Wellbeing, and Innovation City (KWIN City)

Karnataka revised biotech policy: Investment subsidy of upto Rs 10 cr; biofoundries in PPP mode

Karnataka biotechnology draft policy offers investment subsidy of upto 10 crore; fellowship of Rs 50,000 per month for 12 months to graduating students or professionals with experience

Indian shares join global rally on bets of end to Fed rate hikes

After two straight sessions of losses, the NSE Nifty 50 index settled 0.76% higher at 19,133.25, while the S&P BSE Sensex rose 0.77% to 64,080.90.

HMD Global appoints Tanuj Patro as CFO for India and APAC

He will work closely with the leadership team to drive financial performance, and operational efficiency, and support the company's mission of connecting people through advanced mobile technology, HMD Global said in a statement.

India's G20 Presidency A Mass Movement, Most Of Global South Backing Us: PM-EAC Member Shamika Ravi

A day-long event to evaluate India’s presidency at the G20, the issues that are crucial to India, and the road ahead by “Reimagining India’s global opportunity with Atmanirbhar Bharat’s leading voices”.

Global rice shortage in 2023 to be largest in 20 years

Currently, India is the leading exporter of rice in the world, thus accounting for over 40 percent of the global rice trade, as well as the second largest producer right after China.

The super connector who built Sam Bankman-Fried’s celebrity world

Michael Kives, a former Hollywood agent, connected FTX’s founder to Katy Perry, Orlando Bloom, Bill Clinton and others. His firm got $700 million in exchange, a lawsuit claims.

Global CEOs see India as a bright spot, leader in 5G rollout

"What I believe is really impressive is the way India has been systematically building the digital ecosystem. Now the most ambitious and the fastest by a big margin 5G rollout in the world, these are our building blocks for the future economic growth in any country and India is really taking a lead in this respect," Lundmark said.

Global stocks fall, U.S. yields rise after strong economic data

Commerce Department data showed that consumer spending, which accounts for two-thirds of U.S. economy activity, rose by 1.8% in January, the largest increase in nearly two years and exceeding analyst estimates, according to a Reuters poll.

Global shares, U.S. Treasury yields fall ahead of Fed minutes

The Fed minutes from the Jan. 31-Feb.1 meeting are set to be published at 2 pm ET, and will give traders some detail into the debate over how much further interest rates may need to be hiked to curb inflation.

India remains 'bright spot', to contribute 15% of global growth in 2023: IMF MD

While digitisation pulled out the world's fifth-largest economy from pandemic lows, prudent fiscal policy and significant financing for capital investments provided in the next year's budget will help sustain the growth momentum.

Rs 3.88 lakh crore of investor money gone! What spooked market?

Both the benchmarks - Sensex and Nifty lost nearly 1.53% each at closing. So far this year, Sensex and Nifty have lost around 1.75% and 3.04%, respectively.

Global stocks fall, U.S. yields rise on higher interest rate outlook

Market sentiment has remained bearish after Fed officials signaled last week that the U.S. central bank was likely to keep raising interest rates for longer than was previously forecast in its bid to tame inflation.

India has become our largest site outside US, says Boeing India President Salil Gupte

Today the demand for aircraft has jumped high. There is no surprise that Air India is looking for more aircraft, says Gupte

Short seller attack shows risks of going global for Adani empire

Sure enough, the global spotlight has arrived — but not the sort he craved.

Shortage of healthcare workers globally may rise to 10 million by decade-end: WEF study

It also cited a case study from India, the Ayushman Bharat Digital Mission (ABDM), launched by the Union Ministry of Family and Health Welfare, to enable the world's largest digital health landscape.

Global shares rise, but face patchiest yearly performance since 2008

The MSCI All-World index rose 0.1% on the day, although it is on track for a 4.4% decline in December. This year, the index is set to have fallen for eight out of 12 months, on a par only with 2008 for the number of monthly losses in a calendar year on record.

Gambling’s global coming out party in Qatar

And, for a gambling industry trying to capitalize on the potential $160-billion-plus tentpole football event, the own goal of a share-price slump at sports-bet firm DraftKings Inc. after customers reported their accounts were compromised and cash withdrawn.

SaaS firms brace for rough ride as macroeconomic conditions worsen

While many investors still bat for the sector calling it “just another cycle of correction”, there is fear that valuations for SaaS companies will see sharper cuts as more layoffs and cost rationalization are on the cards.