County Summit Financial News

18.02 / 18:27

markets pandemic Experts Universities Latin information Eruditus to deepen its India presence to grow

₹3,343 crore, from ₹1,962 crore a year earlier. “The number of Indians who want to learn or educate is less than 10% when it comes to 25-30 years of age and that’s still a drop in the ocean. So, in that sense, there is a much greater need and as traditional brick-and-mortar institutions would not be able to cater to it, we need partnerships.

18.02 / 16:43

Remark Refugees President War reports rights Israel incensed after Brazil's Lula likens Gaza war to Holocaust

Israel accused Brazilian President Luiz Inacio Lula da Silva of trivialising the Holocaust and causing offence to the Jewish people on Sunday after he likened the Israeli war against Hamas militants in Gaza to the Nazi genocide during World War Two. «What is happening in the Gaza Strip with the Palestinian people has no parallel in other historical moments. In fact, it did exist when Hitler decided to kill the Jews,» Lula told reporters during the 37th African Union Summit in Addis Ababa.

17.02 / 16:47

UPS Target Reuters War country Norway ready to step up defence needs, prime minister says

By John Irish

17.02 / 07:11

UPS Election Bill President country BJP national council meet underway in Delhi : 5 things to know

Bharatiya Janata Party (BJP) is being held at Bharat Mandapam in New Delhi on February 17-18. The meeting, expected to see 11,500 BJP delegates in attendance from across the country will be inaugurated with the address by party's national president JP Nadda in the afternoon. Prime Minister Narendra Modi is scheduled to address the valedictory session of the meeting on February 18 as the BJP is all set to outline its campaign themes ahead of Lok Sabha elections scheduled in April-May.

15.02 / 17:20

UPS Citi Micron country electronic travelers 'Semiconductor packaging unit in Assam’

₹25,000 crore semiconductor packaging plant which will be established in partnership with the Assam government and Tata Group, minister of state for electronics and IT Rajeev Chandrasekhar said at the Future Skills Summit in Guwahati, on Thursday. “A semiconductor packaging plant will be established in partnership with the Assam government and Tata Group. We will soon obtain all approvals and submit it to the cabinet for final approval.

15.02 / 14:19

Aviat Extreme Fox CEO Trade Interviews FedEx Founder Fred Smith: U.S. record debt ‘unsustainable’

Economist Peter Morici breaks down what the national debt is, why it ballooned to more than $34 trillion and what it means for Americans.

14.02 / 12:53

markets Digital Mobile Parke social innovations information Thanks to AI, Business Technology Is Finally Having Its Moment

Menlo Park, Calif.—The generative AI boom reflects a period of tech innovation that is ideally suited for revolutionizing the business world—unlike previous tech booms that favored the creation of big tech companies that served the consumer market. The period of innovation that took off around 2007 made use of social media and app stores to help startups achieve scale in the consumer market, according to Hemant Taneja, managing director and CEO of venture-capital firm General Catalyst, speaking Tuesday at the Wall Street Journal’s CIO Network Summit in Menlo Park, Calif. This time it is different, Taneja said.

14.02 / 07:43

markets UPS CEO wellness Cycling Schools Here's why Peter McGuire is bullish on steel

«You have only got to look at Delhi and what is going on there from an infrastructure and then come to Mumbai and it is breathtaking,» says Peter McGuire, CEO, XM Australia. And let us get to talking about that hotter than expected inflation print that came in. What do you think this will lead the US Fed to do? A couple of things. I think it hit the market by a little bit of a surprise and as far as a pushback, we were looking at the best part of 65-66% as far as a rate cut come May and that has been pushed back now to around about 32-33% and they are rolling that forward to possibly by June or July.

14.02 / 06:10

CEO security Bill President FirstEnergy 2020 Department Utility NOT Two fired utility execs and a former top Ohio regulator plead not guilty in bribery scheme

Two fired top executives of FirstEnergy Corp. and Ohio’s former top utility regulator have pleaded not guilty in connection with a $60 million bribery scheme

13.02 / 14:14

FIFA country innovations Schools rights Interviews Beyond Byju's, GSV Ventures sees promise in India's edtech

Mint in an interview. He also added that there are plenty of lessons the industry can learn from the Byju's fiasco. GSV has invested in Indian edtech companies including Physics Wallah, Lead Schools and Apna and manages about $800 million in assets.

13.02 / 10:19

Provident CEO Action stage information Videos International OpenAI CEO Sam Altman warns that 'societal misalignments' could make AI dangerous

OpenAI said Tuesday that the dangers that keep him awake at night regarding artificial intelligence are the «very subtle societal misalignments» that could make the systems wreak havoc. Sam Altman, speaking at the World Government Summit in Dubai via a video call, reiterated his call for a body like the International Atomic Energy Agency to be created to oversee AI that's likely advancing faster than the world expects.

13.02 / 07:09

Provident CEO Action stage information Videos International OpenAI CEO warns that 'societal misalignments' could make artificial intelligence dangerous

The CEO of ChatGPT-maker OpenAI says that the dangers that keep him awake at night regarding artificial intelligence are the “very subtle societal misalignments” that could make the systems wreck havoc

12.02 / 18:39

economy Dreams pandemic War World economy poised for soft landing we've been dreaming for: IMF's Georgieva

IMF) is now «very confident» the global economy will see a soft landing, its managing director Kristalina Georgieva said on Monday, adding that interest rates would start coming down around mid year. «We are very confident that the world economy is now poised for this soft landing we have been dreaming for,» after some of the sharpest interest rate hikes in decades, Georgieva said at the World Governments Summit in Dubai.

12.02 / 12:05

UPS Research country testing donates Schools UAE launches technology fund for developing nations

fund to finance the development of sophisticated technology in developing nations. The fund was launched with capital of $200 million, financed by the Abu Dhabi government, and will be overseen by the Gulf state's Advanced Technology Research Council (ATRC), the council said.

11.02 / 11:21

economy show social consequences shock Updates IMF's Kristalina Georgieva says she's confident on global economic outlook despite uncertainties

World Governments Summit in Dubai, Georgieva said the IMF would publish a paper on Monday that shows phasing out explicit energy subsidies could save $336 billion in the Middle East, equivalent to the economies of Iraq and Libya combined. She added that in addition to savings, eliminating regressive energy subsidies "discourages pollution, and helps improve social spending," in a copy of the speech published on the IMF website.

10.02 / 15:01

MET President War 2020 peace 'Beijing tried to…': Amit Shah likens LAC standoff to 1962 Indo-China war in Lok Sabha

Amit Shah as saying in Lok Sabha. “Our leadership displayed resolve and not an inch of India's land was lost," he added. Congress-led Opposition parties have attacked the PM Modi-led Union government on the issue and claimed that Chinese troops have encroached on India's territory.

10.02 / 11:01

Strategy community President track country Schools OpenAI to hold several developer summits in India this year

OpenAI will continue investing in the developer community in India and will hold several developer summits in the country this year, the company’s chief strategy officer, Jason Kwon said on Saturday. “India has the key ingredients of being one of the world's leaders in AI. It has the largest developer community in the world, with some of the most impressive talent in the field, a track record of developing extraordinary technology businesses and a relentless focus on competing on the world stage," said Kwon at the ET Now Global Business Summit in New Delhi.

09.02 / 16:25

markets Target Booking Platform performer travelers EaseMyTrip Q3 results: Net profit rises by 9.5% to ₹45.7 crore; EBITDA grows to ₹65.4 crore

₹45.7 crore in Q3 FY24 against ₹41.2 crore in the year ago period. Its net consolidated revenue increased by 18.1% YoY to ₹160.8 crore in the quarter ending December against ₹136 crore in Q3 FY23. Its EBITDA increased to ₹65.3 crore during the quarter under review.

24.01 / 04:57

Manufacturing security Sustainability Parke President country International China's Envision Energy to manufacture wind turbines for Greenko's AM Green

Envision Energy International, and AM Green, a hydrogen and green ammonia venture wholly owned and controlled by the founders of Greenko Group, have signed an agreement to partner in the manufacture of wind turbines for AM Green’s clean energy projects in India and collaborate on green hydrogen projects. The agreement was signed during the World Economic Forum’s Annual Summit in Davos, Switzerland, the companies said on Wednesday. AM Green and Envision will harness complementary capabilities to manufacture, supply, and service wind turbines in India specific to AM Green’s wind turbine requirements. Through its customers, AM Green will look to commit to an offtake of at least 2GW of capacity per year over the next three years.

23.01 / 18:36

UPS economy Continental Trade blues SOLIDARITY EAM Jaishankar says India 'betting on Africa's rise', seeks to take India-Nigeria ties to "higher level"

India-Nigeria ties to a «higher level,» External Affairs Minister S Jaishankar on Tuesday said India is «betting on Africa's rise» and the rebalancing and the multi-polarity of the world will not be complete until the continent takes its due place. Addressing the Nigeria-India Business Council (NIBC) here, the minister said the rebalancing and reordering of a new global order will only happen «when the core of it is economic… which is the rise of Africa has to be the economic rise of Africa.» The minister, who arrived in Nigeria on Sunday after attending the Non-Aligned Movement (NAM) Summit in Uganda, concluded his two-nation tour with an address to the NIBC.

22.01 / 18:31

COST UPS Target Manufacturing Research reports Reliance Industries Ltd rides PLI schemes to close in on $1-1.5/kg Green H2 target

Reliance Industries Ltd (RIL) is getting closer to its target of producing green hydrogen for $1-1.5 per kilogramme on the back of multiple product-linked incentives (PLIs) it has won in the green energy segment, an analyst report said. «These incentives are likely to assist RIL achieve GH2 (green hydrogen) cost of $1-1.5/kg,» Nuvama Research said in a report dated January 20. The cost of GH2 is around $3/kg at present. The country's largest private sector company has secured sops under both rounds of solar modules PLIs — $300 million for 4 gigawatt (GW) in round one and $400 million for 6 GW in round two.

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