Tea garden workers in north Bengal's Dooars and Terai regions will receive a 16 per cent bonus for the 2023-24 financial year, an industry body said on Monday.

India's biggest oil and gas bid round attracted four bidders that included state-owned ONGC and OIL and private sector Vedanta Ltd, with most blocks getting just two bids, according to Directorate General of Hydrocarbons (DGH).

The OALP-IX bid round, where 28 blocks or areas spread over 1.36 lakh square kilometre were offered for finding and producing oil and gas, for the first time saw Reliance Industries Ltd-bp plc combine bidding together with ONGC for one block in Gujarat offshore.

State-owned NBCC's arm HSCC has bagged a ₹1,261 crore contract to establish AIIMS hospital in Darbhanga, Bihar.

In a regulatory filing, NBCC informed that HSCC (India) Ltd, its wholly-owned subsidiary, has recently been awarded establishment work of AIIMS, Darbhanga from the union health ministry.

Technology giants Google and Nvidia will enhance their engagement in India with more focus on leveraging artificial intelligence technology in the country, top officials of the companies said on Monday after meeting Prime Minister Narendra Modi.

Graphics Processing Unit (GPU) major Nvidia CEO Jensen Huang said the Prime Minister has always been keen on learning about artificial intelligence, its potential and opportunities for India.

E-commerce platform Amazon on Monday announced an increase in its standard commission income rates across 20 plus sub-categories for over 50,000 content creators engaged with it.

The revised structure will offer content creators 1.5x-2x increased income across a wide range of product categories, including popular choices like fashion, beauty and personal care appliances, home, kitchen, toys, and books, Amazon said.

Retirement fund body EPFO recorded a net addition of 19.94 lakh members in July this year, the Labour Ministry said on Monday.

Union Labour Minister Mansukh Mandaviya said in a press conference that 10.52 lakh new or first-time workers subscribed to Social Security schemes run by the Employees Provident Fund Organisation (EPFO).

Hyundai Motor India on Monday said it has commenced exports of its entry level SUV Exter.

The model will now be available to customers in South Africa, making it the eighth model to be exported to the country from India, the automaker said in a statement.

The advent of artificial intelligence (AI) will most certainly lead to the creation of new roles and jobs in the economy, although some of the current functions involving "repetitive" and "commoditised" tasks may be impacted, according to Deloitte South Asia CEO Romal Shetty.

In fact, more new jobs will be created than in the past given the transformative impact of AI, Shetty said and emphasised that human intervention and interface would still be key to optimising the full benefits of emerging technologies.

Indian real estate market size is estimated to jump multi-fold to $5-7 trillion by 2047 and may even touch $10 trillion driven by rising economic growth and rapid urbanisation, according to a report by CREDAI and Colliers.

Realtors' apex body CREDAI and real estate consultant Colliers India on Monday released a joint report 'Indian Real estate: The Quantum Leap' here at CREDAI-NATCON conference.

Housing demand in Indian real estate market continues to be strong with no signs of slowdown and there is a need to boost supply to meet the requirements, according to realtors' apex body CREDAI.

Wind energy solutions provider Inox Wind on Monday said it has signed an agreement with a consortium led by ICICI Bank to tie up ₹2,200 crore finance facility.

This limit is likely to be enhanced further to ₹2,400 crore as per the working capital assessment done by the lead bank (ICICI Bank), Inox Wind Limited (IWL) said in a statement.

Under a transformative collaboration with the US, India will get a national security semiconductor fabrication plant that will produce chips for use in military hardware and next-generation telecommunications.

The India-US joint project was announced following talks between Prime Minister Narendra Modi and US President Joe Biden in Wilmington on Saturday.