Seoul, July 6 (IANS) South Korea’s fair trade watchdog said on Monday it has launched a deliberation process into Myeong Ryun Dang, which operates a Korean barbecue restaurant chain, for allegedly offering low-interest loans to its money-lending affiliates using funds from state financing programmes.The Fair Trade Commission (FTC) said its examiners’ report showed Myeong Ryun Dang, which operates Myeong Ryun Junsa Pork Ribs, offered excessive economic benefits to 14 credit businesses under its w…
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Mumbai, July 4 (IANS) Foreign institutional investors (FIIs) continued to remain net seller during this week, offloading Rs 4,000 crore based on provisional exchange data.On the other hand, domestic institutional investors (DIIs) were net buyers, purchasing Rs 12,630 crore in the domestic markets. During June, FIIs sold a cumulative Rs 49,030 crore, while DIIs bought Rs 85,800 crore, based on provisional exchange data.During current week, except for Friday, FIIs were net seller in rest of the we…
Paris/New Delhi, June 18 (IANS) India is a compelling case for the world, Union Commerce and Industry Minister Piyush Goyal said on Thursday — highlighting the country’s young population, affordable data, growing technological capabilities and vision for inclusive growth as key factors positioning it at the forefront of the global technology revolution.Speaking on India’s role in the age of artificial intelligence (AI) at Viva Tech 2026, Goyal said the country has several inherent strengths tha…
New Delhi, June 18 (IANS) Coempt Eduteck, the edtech company at the centre of CBSE’s On-Screen Marking (OSM) controversy, came out with a clarification on Thursday, stating that the scanners used by it were standard, industry-grade models utilised across the sector and also added that upgradations are done every year to ensure high-resolution scanning.It also stated that its records were open for examination and scrutiny by the government bodies. “The scanners used by Coempt are standard, in…
New Delhi, June 18 (IANS) Artificial intelligence (AI) upskilling is delivering significant career gains in India, with professionals reporting an average salary increase of nearly 150 per cent, while nearly half of AI-enabled career outcomes now lie outside traditional engineering roles, according to a report released on Thursday.The report by Scaler highlighted how AI is evolving from a specialised technical skill into a workforce-wide capability across industries.AI upskilling is driving sala…
New Delhi, June 18 (IANS) India’s peak power demand witnessed a significant decrease, falling to 241 gigawatts (GW), down from 270.8 GW in May and below the 259 GW peak, as per data from the Grid Controller of India.The power demand eased following seasonal rains that have dropped temperatures across parts of the country and curbed heavy use of air conditioners and other cooling appliances.During solar hours on June 16, peak demand stood at 249.7 GW and at 247.5 GW during non‑solar hours, as…
New Delhi, June 18 (IANS) The government on Thursday said it has earmarked Rs 18,907 crore for the construction of 26,474 kilometres of rural roads during FY27 under the Pradhan Mantri Gram Sadak Yojana (PMGSY) and related rural connectivity initiatives.This was conveyed during a high-level review meeting by the Ministry of Rural Development to assess the state-wise physical and financial progress under PMGSY and the Road Connectivity Project for Left Wing Extremism Affected Areas (RCPLWEA).In t…
New Delhi, June 18 (IANS) A decline in global crude oil prices does not automatically translate into an immediate reduction in petrol and diesel prices in India, Minister of State for Petroleum & Natural Gas and Tourism Suresh Gopi said on Thursday.Gopi told reporters that several factors influence domestic fuel pricing, including the time required for crude oil purchased at lower rates to reach India.He said the recent increase in fuel prices cannot be rolled back instantly merely because i…
New Delhi, June 18 (IANS) US-based tech giant Apple may raise prices across some of its products as surging memory and storage chip costs due to an increase in demand from artificial intelligence (AI) data centres continue to put pressure on the company’s margins, according to a report.Speaking to The Wall Street Journal, Apple CEO Tim Cook said the company can no longer fully absorb the sharp increase in component costs and may eventually pass some of the burden on to consumers.”Unfortunately, …
Seoul, June 18 (IANS) South Korea plans to apply zero tariff rates on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) within quotas in the second half of 2026 as the country seeks to tame inflation amid lingering global energy price volatility, the finance ministry said on Thursday.The Ministry of Finance and Economy said tariff rates on LNG, LPG and crude oil used for the production of LPG will be lowered to zero in the second half, noting the measure is expected to help stabilise…
New Delhi, June 12 (IANS) The Indian Institute of Technology Madras (IIT Madras) on Friday said it has released ANCHOR (Atlas of Neurochemical Characterisation of the human brainstem with 3D Reconstruction), the world’s most detailed three‑dimensional atlas of the human brainstem.ANCHOR was developed by the Sudha Gopalakrishnan Brain Centre through its high throughput brain imaging and computing platform that transforms whole human brains into 3D cell-resolution atlases, the statement from I…
New Delhi, June 11 (IANS) India is rapidly emerging as a global pharmaceutical powerhouse and is well-positioned to lead the next wave of biopharmaceutical innovation, Union Minister of State for Health & Family Welfare and Chemicals & Fertilisers Anupriya Patel said on Thursday. While addressing ASSOCHAM’s Pharma Summit & Awards 2026, she highlighted the government’s efforts to strengthen domestic manufacturing, promote innovation, and build a resilient healthcare ecosystem capable …
