Business
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Google ends $15 bn deal with lead developer for US campuses projects
San Francisco: Google has ended its $15 billion deal agreement with Lendlease, the developer the company had been working with on major campus projects in the Silicon Valley. Lendlease said in a…
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Indian markets witness resurgence as investors’ anxiety drops
Mumbai: The Indian market is resurging amid a drop in investors’ anxiety as Nifty VIX contracts generously, Vinod Nair, Head of Research at Geojit Financial Services, said on Friday. The optimism is…
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Rupee settles 2 paise higher at 83.20 against US dollar
Mumbai: The rupee settled 2 paise higher at 83.20 against the US dollar on Friday, tracking major Asian currencies amid a weak greenback and softening crude oil prices. A positive trend in…
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India’s forex reserves rise by $2.6 billion
Mumbai: India’s foreign exchange reserves increased by $2.579 billion to $586.111 billion during the week ended October 27, the RBI said on Friday. The country’s foreign exchange reserves had fallen by $2.36…
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SC permits Unitech to start construction, issues directions to home buyers
New Delhi: The Supreme Court on Friday permitted the new Unitech management to start construction activities by allowing the management to award 49 contracts as recommended by former SC judge A.M. Sapre.…
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New WhatsApp spy mod attacks Telegram users over 340K times in Oct: Report
New Delhi: Cybersecurity researchers have discovered a new malicious “WhatsApp spy mod”, which has attacked messaging platform Telegram users more than 340,000 times in October alone, a new report said on Friday.…
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After UK, India summit to pave the way for global framework on AI risks: MoS IT
New Delhi: After the successful AI Safety Summit in the UK, the Global Partnership on Artificial Intelligence (GPAI) in New Delhi next month will further deliberate upon the risks associated with artificial…
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New API lets brands create FB Stories directly from 3rd-party desktop, web apps
New Delhi: Meta has introduced a new “Facebook Stories API” (Application Programming Interface), which will allow developers, creators, and brands to create and share a Facebook Story directly from a third-party desktop…
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Amazon to close 2 clothing stores just 17 months after opening 1st outlet
San Francisco: Amazon has confirmed to close its two “Amazon Style clothing stores” in the US just 17 months after opening the first outlet, marking the latest shift in its physical retail…
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Zomato logs Rs 36 cr net profit in Q2, sales up 71% to Rs 2,848 cr
New Delhi: Online food delivery platform Zomato said on Friday that it registered Rs 36 crore as profit after tax (PAT) in the quarter ending September 30, as its revenues surged 71…
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Musk’s xAI to release its 1st AI product to select group this week
New Delhi: Tech billionaire Elon Musk on Friday said that its new artificial intelligence (AI) company called xAI will release its first AI to a select group this week. “Tomorrow, @xAI will…
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Starlink internet service no longer losing money: Elon Musk
San Francisco: Affordable space internet service Starlink is no longer losing money and has achieved breakeven cash flow, Elon Musk has announced. Last year, the SpaceX CEO had said that Starlink was…
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FTX’s Sam Bankman-Fried found guilty on all 7 counts
New York: Sam Bankman-Fried, co-founder and former CEO of collapsed crypto exchange FTX, has been found guilty on all seven counts related to fraud and money laundering. The US Attorney’s office at…
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Bank of England follows US Fed Reserve in pausing interest rate hike
London: The Bank of England (BoE) on Thursday left its key interest rate untouched at 5.25 percent, a day after the US Federal Reserve took the step to pause further hikes as…
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Uber, Lyft to pay USD 328 million to drivers in wage-theft settlement
New York: In a significant development, Uber and Lyft on Thursday agreed to pay a combined $328 million to settle charges that the ride-hailing platforms “unlawfully withheld wages from drivers”, and failed…
