The Salem Corporation is embarking on an exciting new venture to enhance the city’s culinary landscape with the introduction of a food street near Pallapatti Lake. With an estimated cost of ₹3 crore and a projected completion timeline of six months, this ambitious project promises to rejuvenate the area and offer a vibrant dining experience for residents and visitors alike. The inception of the Food Street Project by the Union Health Ministry…
The JSW Group’s recent collaboration with the Government of Odisha marks a significant milestone in India’s journey towards electric mobility and sustainable energy solutions. Through a Memorandum of Understanding (MoU), JSW Group has committed to establishing an Integrated Electric Vehicles and EV Battery Manufacturing Project in Cuttack and Paradip, Odisha. This ambitious project encompasses the development of a 50 GWh EV battery plant, electric vehicles (EVs), a Lithium refinery, Copper smelter, and…
In a significant development for India’s semiconductor industry, Israeli chipmaker Tower Semiconductor has put forth a proposal to establish an $8 billion chip manufacturing plant in the country. The Indian Express reported this groundbreaking initiative, highlighting Tower Semiconductor’s intent to manufacture 65 nanometre and 40 nanometre chips within India. These chips are anticipated to find applications across various sectors, including automotive and wearable electronics. The proposal, if accepted by the government, holds…
Oil and Natural Gas Corporation (ONGC), India’s leading oil and gas exploration giant, recently announced a decline in its consolidated net profit for the December quarter of the financial year 2023-24. The company reported a decrease of approximately 8 percent, with net profit standing at Rs 10,748 crore. This dip in profitability was accompanied by a 2.2 percent decrease in revenue from operations, totaling Rs 1,65,569 crore for the third quarter, compared…
In recent days, consumers in Bengaluru have been hit with a sharp increase in garlic prices, as a delay in the sowing-harvesting cycle has led to a supply crunch in the market. At the Agricultural Produce and Livestock Marketing Committee (APMC) yard in Yeshwanthpur, garlic was fetching a staggering ₹350 per kg on Friday, while in retail markets, the price had surged to a whopping ₹500 per kg. This surge in prices…
Google has recently unveiled Gemini, a revamped version of Google Bard, equipped with its own subscription tier called Gemini Advanced. This offering comes as part of an “AI Premium” Google One subscription, available for all. While ChatGPT Plus maintains its own distinct tier, Gemini Advanced brings a fresh perspective to the AI landscape. At $20, Gemini Advanced competes head-to-head with ChatGPT Plus and Copilot Pro in terms of pricing. However, its value…
Governing Council Member Robert Holzmann has cast doubt on the European Central Bank’s (ECB) plans to lower borrowing costs this year, citing persistent inflation risks. In an interview with Frankfurter Allgemeine Zeitung, Holzmann, who also heads Austria’s central bank, suggested that an interest-rate cut may not materialize until the very end of the year, if at all. The ECB’s policymakers are currently in a holding pattern, awaiting additional data to assess whether…
Microsoft Chairman and Chief Executive Satya Nadella has announced a groundbreaking initiative to train more than 2 million people in India with artificial intelligence (AI) skills by 2025. This initiative, unveiled during the Microsoft CEO Connection event in Mumbai as part of Nadella’s annual visit to India, aims to not only equip individuals with essential AI skills but also generate new job opportunities in the burgeoning field of AI. Nadella emphasized the…
Cisco Systems, a global leader in networking and telecommunications equipment, is poised to undergo a major restructuring that will result in the dismissal of thousands of its employees. The move is part of Cisco’s strategic pivot towards sectors with higher growth potential, according to sources familiar with the plans. This restructuring comes on the heels of a previous announcement made by Cisco in November 2022, where the company disclosed plans to restructure…
Russian President Vladimir Putin made headlines on Thursday (Feb 8) after granting a rare interview to an American journalist, Tucker Carlson. During the one-on-one exchange, Putin, known for his sharp wit, took a jab at Carlson’s past association with the CIA. In a moment of levity, Putin mocked Carlson for reportedly being rejected by the CIA, quipping, “We should thank God they didn’t let you in.” This playful banter unfolded as Putin…
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