Page 73 - Data Science For News Today

In this years interim budget, the finance minister proposed a 71.4% increase in allocation for a major expansion in chip and electronics manufacturing to Rs 13,104.50 crore.

Underlining the tense relations between shareholders and founder Raveendran, the company said the criticality of the rights issue has been shared with all shareholders, with the capital being pivotal for a successful turnaround.

After a recent announcement by the U.S. Securities and Exchange Commission (SEC) to allow US-listed exchange-traded funds (ETFs) that track bitcoin, El Salvador president Nayib Bukeles deputy said the government will be doubling down on its crypto law in a second term.

Apple has registered strong double-digit growth in the December quarter in India, reaching another quarter revenue record in the country, the companys CEO Tim Cook has said.

The most significant amount of capital raised in the week was in early-stage funding, at about $67 million, accounting for 71.4% of the overall deal value. This was followed by $15 million in the late stage, commanding 16%.

Olas S1 X scooter will be available in three different power ranges - the 2 kWh priced at Rs 79,999, the 3 kWh priced at Rs 89,999, and the 4kWh priced at Rs 1,09,999. Ola also announced an extended warranty for all its variants of scooters to 80,000 kilometres (kms) or 8 years.

Tesla has agreed to pay $1.5 million to settle a lawsuit filed by 25 California counties earlier this week accusing the electric vehicle maker of mishandling hazardous waste at its facilities across the state.

The company, in a press release, said it has recorded a robust Ebitda of Rs 181 crore, a jump by 24% YoY. The board approved an interim dividend of Rs 4 per share for the current fiscal year.

Finance minister Nirmala Sitharaman said this will encourage the private sector to scale up research and innovation significantly in sunrise domains while underscoring the need to have programmes that combine the powers of Indias youth and technology.

Changan Auto and Chery Auto - both of which have partnered with Huawei in developing their premium electric vehicle (EV) brands - have lodged complaints and are in talks to resolve the issue, two of the people said.