A naukri.com initiative
Business News
HinduBusinessLine
7d
199
Image Credit: HinduBusinessLine
India's Russian oil import hits 11-month high in June
- India imported 2.08 million barrels per day of Russian crude in June, reaching the highest level since July 2024.
- Russian oil imports to India surged as the West reduced purchases following the Ukraine invasion, with Russia becoming India's largest crude oil supplier.
- India's traditional suppliers like Iraq, Saudi Arabia, and the UAE saw fluctuations in oil imports in June.
- India also increased imports from the US and Brazil, signaling a diversification in oil sources amid renewed diplomacy with the US government.
Read Full Article
12 Likes
Bloomberg Quint
7d
83
Image Credit: Bloomberg Quint
Veteran Actor Kota Srinivasa Rao Passes Away At 83
- Veteran Telugu actor and former MLA Kota Srinivasa Rao passed away at the age of 83 after a prolonged illness.
- He was known for his versatile performances and appeared in over 750 films across multiple languages during his career.
- Kota Srinivasa Rao made his film debut in 1978 with 'Pranam Khareedu'.
- Telangana Chief Minister A Revanth Reddy expressed his condolences over his demise.
Read Full Article
5 Likes
TechBullion
7d
170
Image Credit: TechBullion
Morgan Crest Web3 Foundation Allocates $30 Million to Advance AI and Web3 Infrastructure
- Morgan Crest Web3 Foundation, a U.S.-based capital initiative, has allocated $30 million to fund early-stage ventures at the intersection of artificial intelligence (AI) and decentralized infrastructure.
- The foundation focuses on advancing public goods infrastructure and governance systems for AI-aligned blockchains, operating as a research-driven investment entity based in New York.
- The $30 million allocation will support categories like open, secure, and censorship-resistant principles, aiming to empower builders of mission-critical infrastructure with sustainable governance models.
- The funding initiative includes token-based investments, equity participation, and an Advisory and Mentorship Program to guide founders through regulatory compliance, secure system design, and tokenomics structuring.
Read Full Article
10 Likes
Bloomberg Quint
7d
66
Image Credit: Bloomberg Quint
IIM-Calcutta Rape Case: What We Know So Far
- A student from the Indian Institute of Management Calcutta has been arrested in connection with an alleged rape of a woman inside a hostel on the campus.
- The woman's father has contradicted the police's claims, stating that his daughter had fallen from a vehicle and sustained injuries, not experiencing the events described by the police.
- The accused was arrested based on an FIR filed by the woman at Haridevpur police station, with the alleged incident occurring during a counselling session where the victim became unconscious after consuming a drink laced with drugs.
- The court in Kolkata has remanded the accused student to police custody till July 19, while investigations are ongoing as per police reports.
Read Full Article
4 Likes
HinduBusinessLine
7d
141
Image Credit: HinduBusinessLine
Ro-Ro ferry service in Goa's Mandovi River to be launched on July 14
- A Ro-Ro ferry service will be launched on July 14 in Goa's Mandovi River, reducing travel time from the island to the mainland to just 12 minutes, compared to 30 minutes by conventional ferry boats.
- The Ro-Ro ferries allow passengers to drive in from one side and drive out from another, making travel more convenient and efficient for islanders who rely on river transport in the absence of a bridge.
- The ferries, named Gangotri and Dwarka, built by Vijai Marines Shipyards, can carry up to 40 two-wheelers and 15 cars, with safety features like life jackets, air conditioned compartments, and emergency manoeuvring capabilities.
- The service will be operated on a Built-Own-Operate-Transfer basis, with free rides for passengers and two-wheelers, while cars will be charged ₹15 each for the new Ro-Ro ferry service in Goa.
Read Full Article
8 Likes
Bloomberg Quint
7d
507
Image Credit: Bloomberg Quint
Who Is Varun Mohan — The Windsurf CEO Recruited By Google To Build Up Its AI?
- Google has recruited Varun Mohan, the CEO of AI infrastructure startup Windsurf, to strengthen its AI capabilities.
- Mohan, along with his team members, is joining Google after a corporate struggle involving OpenAI.
- Mohan, an Indian with roots in California, founded Windsurf in 2021 and has a background in computer science and AI development.
- Google will pay $2.4 billion in licensing fees to access Windsurf technologies, with Mohan and his team focusing on Google DeepMind's agentic coding efforts.
Read Full Article
10 Likes
HinduBusinessLine
7d
332
Image Credit: HinduBusinessLine
Taiwanese, Vietnamese firms keen to invest in footwear sector in India: CLE
- Taiwanese and Vietnamese firms are interested in investing in the footwear sector in India, importing products like shoe soles, moulds, machinery, and fabrics from countries like China.
- The Council for Leather Exports (CLE) is aiming for USD 7 billion worth of shipments in 2025-26, with exports reaching USD 5.75 billion in 2024-25. The US, UK, and Germany are key destinations for Indian footwear exports.
- Promotion of manufacturing in India is expected to boost exports and job creation, with an anticipated 18% growth in the sector this year. A trade agreement with the US could further enhance market access, as the sector currently faces an 18.5% duty in the US.
- The focused product scheme for the footwear and leather sectors announced in the budget is aimed at enhancing productivity, competitiveness, and exports. Taiwanese companies have already invested in non-leather footwear firms in Tamil Nadu, indicating potential for growth and quality improvement.
Read Full Article
20 Likes
HinduBusinessLine
7d
316
Image Credit: HinduBusinessLine
Spacecrafts equipped with solar sails could deliver earlier warnings of space weather threats to Earth's technologies
- Space weather events, like coronal mass ejections from the Sun, affect Earth technologies.
- SWIFT satellite constellation aims to forecast extreme space weather accurately and in advance.
- Satellites equipped with solar sails could provide early warnings of dangerous space weather threats.
Read Full Article
6 Likes
HinduBusinessLine
7d
1.2k
Image Credit: HinduBusinessLine
Electronics, pharma sectors corner 70% of PLI disbursements in FY25
- In FY25, electronics and pharma sectors received 70% of the PLI disbursements under the scheme introduced in 2021 to support domestic manufacturing.
- The government disbursed a total of ₹10,114 crore in 2024-25, with electronics receiving ₹5,732 crore and pharmaceutical drugs receiving ₹2,328 crore.
- The Electronics sector now ranks in the top three product categories for India's global exports with a significant growth in exports.
- Indian pharmaceutical exports increased by about 10% to $30.5 billion in 2024-25, reaching over 200 countries.
Read Full Article
12 Likes
Guardian
7d
487
Image Credit: Guardian
Teach First job applicants will get in-person interviews after more apply using AI
- Teach First moves to in-person assessments as graduates use AI extensively for job applications.
- AI tools aid simultaneous job applications, leading to more demand and a changing recruitment landscape.
- Bright Network reveals 50% rise in AI usage for job applications by graduates.
- Market shift towards task-based assessments accelerates due to increased reliance on AI.
Read Full Article
4 Likes
Guardian
7d
182
Image Credit: Guardian
‘Scamazon’ – how fake emails are targeting Prime subscribers
- Fraudulent emails are targeting Amazon Prime subscribers, claiming subscription price increase and prompting to 'cancel' subscription, in an attempt to steal login and payment details.
- Amazon warned its Prime members globally about the scam, aiming to prevent scammers from misusing the brand and educating consumers to avoid impersonation scams.
- Scammers use various tactics like fake emails and phone-based impersonation scams to gather personal and payment information from Amazon customers.
- To protect against scams, consumers are advised not to click on suspicious links, report scams to Amazon, avoid sharing personal information, and enable security features like two-step verification and Passkey.
Read Full Article
11 Likes
Guardian
7d
579
Image Credit: Guardian
Could AI be accelerating slowdown in the UK job market?
- AI is contributing to job losses in the UK, impacting industries and skill levels.
- Despite high-profile job cuts due to AI, economists believe the issue is multifaceted.
- Factors like rising costs, economic slowdown, and weaker hiring demand also play a role.
- While AI may lead to job destruction, it also creates new opportunities and industries.
Read Full Article
18 Likes
HinduBusinessLine
7d
340
Image Credit: HinduBusinessLine
Mercedes-Benz India mulls price hike by 1-1.5% in Sep
- Mercedes-Benz India is planning to implement a price hike of 1-1.5% in September due to the impact of the euro.
- The company has already increased vehicle prices twice this year in January and July.
- Despite the price increase, the reduction in interest rates has helped in maintaining equated monthly installments for buyers.
- The luxury car segment has seen a growth of 5-6% this year, while overall passenger vehicle market growth has been around 2-3%.
Read Full Article
20 Likes
HinduBusinessLine
7d
999
Image Credit: HinduBusinessLine
Piyush Goyal highlights key engagements across banking, MSMEs, aerospace, and infrastructure
- Piyush Goyal conducted a high-level meeting to review export credit status and explore new opportunities for India's export financing ecosystem with top bank officials and ministry executives.
- He reinforced the government's commitment to empowering local businesses by meeting with delegations from Kashmir's business associations and interacting with stakeholders from the agri-value chains sector.
- In Bengaluru, Goyal highlighted India's aerospace manufacturing capabilities and Make in India initiatives during visits to key units in the Aerospace SEZ.
- Review meetings were conducted through the Project Monitoring Group (PMG) to address issues affecting major infrastructure projects in Gujarat and Rajasthan to accelerate execution timelines and remove investment bottlenecks.
Read Full Article
16 Likes
Bloomberg Quint
7d
1.5k
Image Credit: Bloomberg Quint
AI-171 Crash Probe Points At Honeywell-Manufactured Switches Flagged By FAA In 2018
- The Air India crash investigation has brought Honeywell under scrutiny for potentially faulty fuel switches manufactured by them.
- The report mentions that the pilots argued over the fuel switches not functioning, leading to communication failure before the crash within 32 seconds of take-off.
- The US FAA had previously flagged a potential fault in the switches' locking mechanism in a 2018 report, mentioning similarities in design across Boeing airplane models.
- While the investigation is ongoing, there is no conclusive evidence yet, and experts suggest the need for a detailed probe to determine the cause of the crash.
Read Full Article
12 Likes
For uninterrupted reading, download the app