Business
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Apple to shut down ‘Pay Later’ service, launching ‘installment loans’
San Francisco: Apple has announced to shut down its buy now, pay later (BNPL) service called ‘Apple Pay Later’ in the US. The service, which let users take out “pay later” loans…
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Indian firms fast adopting Digital Twin tech to boost transformation: Report
New Delhi: As the government doubles down on the ‘Digital Twin’ technology adoption, 90 per cent of the enterprises in the country are aware of digital or virtual twins that could play…
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Zomato may buy Paytm’s movie ticketing business: Reports
New Delhi: Online food delivery platform Zomato is in advanced discussions to buy Paytm’s movie ticketing and events business, according to multiple reports. This move aligns with Zomato’s plan to expand its…
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Stock markets to touch new high in 1 yr: Global rating agencies
New Delhi: Indian stock markets have seen a robust rally since the new government’s formation, closing at an all-time high in the last week. According to top rating agencies, the indices are…
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We’re striving for human-centric AI development: PM Modi
Apulia (Italy): Prime Minister Narendra Modi said on Friday that India is striving for a better future through human-centric artificial intelligence (AI) development. Addressing the world leaders at the G7 Outreach Session…
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Airtel pre-pays Rs 7,904 crore to clear deferred liabilities for spectrum
New Delhi: Bharti Airtel on Friday said it has prepaid Rs 7,904 crore to the Department of Telecom (DoT) to clear high-cost deferred liabilities for spectrum acquired in 2012 and 2015. In…
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Hyundai Motor India files draft papers for Rs 25,000 crore IPO
Mumbai: Hyundai Motor India Limited, the Indian arm of the South Korean auto giant, on Saturday, filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI)…
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Can’t wait for OpenAI to have access to my phone: Musk
New Delhi: After criticising Apple-OpenAI collaboration on ChatGPT’s integration with iPhones, tech billionaire Elon Musk has claimed that the Sam Altman-run AI company may ultimately access his phone. Reacting to reports that…
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Rupee falls 1 paisa to close at 83.55 against US dollar
Mumbai: The rupee consolidated in a narrow range and settled 1 paisa lower at 83.55 against the US dollar on Friday, June 14, as positive domestic markets and a decline in crude…
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Tesla stockholders approve Musk’s $56 billion pay package
San Francisco: Tesla stockholders have overwhelmingly approved the $56 billion pay package (now valued at $44.9 billion) for the company’s CEO Elon Musk, along with reincorporating the electric vehicle company in the…
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India witnessed over 30 pc rise in diversity hiring over the past 5 years: Data
New Delhi: Despite ongoing macroeconomic challenges, India is setting a new precedent with Diversity, Equity, and Inclusion (DE&I) hiring (LGBTQIA+, women, and persons with disabilities), as the country witnessed 30 to 35…
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Sensex, Nifty trade lower on weak global cues
Mumbai: Indian frontline indices, Sensex and Nifty were trading in the red on Friday following weak global cues. At 9.40 a.m., Sensex was down 196 points or 0.26 per cent at 76,614…
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Indian corporates’ large capex to need offshore funding amid steady economic growth
New Delhi: Indian corporates’ large capex will need to rely on offshore funding despite improving domestic liquidity and companies’ earnings growth, a new report showed on Wednesday. As per Moody’s report, capacity…
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Coupang fined $12.4 million for alleged manipulation of search algorithm
Seoul: The antitrust regulator said on Thursday it has decided to fine e-commerce giant Coupang 140 billion won ($12.44 million) for using unfair search algorithms and uploading false product reviews to boost…
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Samsung to provide comprehensive AI solutions for foundry biz
Seoul: Samsung Electronics said on Thursday it will provide comprehensive “one-stop” artificial intelligence (AI) solutions for its foundry customers, with a focus on up-to-date technologies for high-performance, low-power AI chips. “At a…
