ConnectBiz Team 
(AI) The government will soon start contact with the global network of AI and machine learning (ML) experts to guide the companies selected to develop basic models and startups. A senior government official gave this information. The said officer said that the aim of the Ministry of Electronics and Information Technology is to add mentor … Read more
Indian vehicle manufacturers have strongly opposed the imposition of security duty on import of certain grade steel. He says that they are forced to import at the local level production and strict emissions and safety standards in the absence of viable options. The Indian Steel Association (ISA) gave a letter to the government on December … Read more
The Indian market also showed the impact of 25 per cent import duty on Canada and Mexico and the US announcement of imposing additional 10 per cent duty on goods imported from China. The Indian market today recorded a decline in rupee and stock market. The rupee fell beyond 87 per dollar. In view of … Read more
The Delhi High Court has canceled a arbitration verdict of Rs 1,981 crore against NTPC. In its decision of 30 January (uploaded on Monday), the single bench of the High Court said the arbitration was ‘clearly illegally and unfair’. The High Court order of January 30 said, ‘The court believes that the disputed decision should … Read more
The income of the top five cement manufacturers suffered a setback during the third quarter of FY 2025. However, sales trends for these five companies were mixed as each had focused on different business strategies. In the October-December 2024 period, analysts and industry officers had predicted an increase of 4-5 percent demand in the industry. … Read more
The budget proposal to increase foreign direct direct investment in the insurance sector from 74 percent to 100 percent is expected to come. Foreign insurance companies will be able to open their branches in India and they will not have to find a minor Indian partner, but the inner sources in the industry said that … Read more
Three leading proxy advisory firms have recommended voting against the proposal to re -appoint Rashmi Saluja as director in the board of Railways Enterprises citing corporate administration concerns. Stakeholders Empowerment Services (SES), Institutional Investor Advisory Services (IIAS) and Ingwar Research have made their recommendations for voting on three proposals of the financial services firm. Voting … Read more
Paytm Cloud Technologies, a non -owned subsidiary of Fintech Company Paytm, will acquire a 25 percent stake in Brazil’s embedded finance company Seven Technology for $ 1 million. Paytm said that after this stake, the company would be able to understand the business scenario of traders in the Brazilian market. This company, made in delaware, … Read more
Amid the criticism being caused by the transportation of freight from the railways, Railway Minister Ashwini Vaishnav said that the major cargo vision mission of the ministry is on track 3,000 and will lead to a strong increase in freight. Under the mission, the government wants to achieve the target of transportation of 3,000 million … Read more
Shiproke, a unicorn company in the Logi Stick sector, invested Temasse and Zomato, is gearing up to compete in the year 2025, although the company is ready for its listing in the stock market. The company with Gurugram headquarters is eyeing the initial public issue (IPO) and is working on its plan, recently it has … Read more