Business
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Elon Musk’s $56 bn pay package is unfair, deeply flawed: US judge
San Francisco: A US judge has ruled that Elon Musk’s $56 billion pay package is unfair and the Tesla board will need to come up with a new pay proposal. The decision,…
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Fidelity further marks down Meesho valuation to $3.5 bn
New Delhi: Global investment firm Fidelity has further marked down the value of its holding in social commerce platform Meesho, to $3.5 billion. Fidelity had recently cut the valuation of Meesho to…
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Fever FM to shut down due to ‘evolving trends’ in media, may come in new avatar
New Delhi: HT Media Group-owned radio station Fever FM on Tuesday announced to shut down its operations due to “evolving trends” in the media industry. According to sources, this appears to be…
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Apple’s upcoming iOS 18 tipped to be ‘biggest’ update in iPhone history
New Delhi: Apple’s upcoming iOS 18 software update, which is expected to be announced at the company’s annual WWDC event in June, might be “the biggest” update in the company’s history, according…
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HP to introduce new AI-enabled Spectre laptops in India
New Delhi: PC and printer major HP is set to introduce its latest premium Spectre laptops in India, targeting the contemporary and modern users. According to sources, the price of the new…
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US authority fines Infosys $225 for violating short payment of tax
Bengaluru: The Nevada Department of Taxation in the US has been slapped a fine of $225 for alleged violation of short payment of modified business tax for two quarters. However, the company…
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1.14 lakh startups generate more than 12 lakh jobs in India: FinMin
New Delhi: More than 1.14 lakh startups in India have created over 12 lakh jobs so far, the Finance Ministry said in its latest review of the Indian economy. In the report…
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Budget 2024: No major changes expected in taxation relating to capital market
New Delhi: Geojit Financial Services Chief Investment Strategist V. K. Vijayakumar said in the near-term, expectations regarding the budget will influence the market. Market does not expect any major changes in taxation…
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Samsung to make Galaxy AI available on 100 mn devices this year: TM Roh
New Delhi: Samsung will make its ‘Galaxy AI’ available across 100 million mobile devices this year, as customers are eager to try new technologies and AI is no exception, TM Roh, President…
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Generative AI likely to become $100 bn industry by 2026: Report
New Delhi: Generative AI (genAI) is expected to become a $100 billion industry by 2026, a new report said on Monday. According to data presented by AltIndex.com, the genAI market to grow…
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Byju’s aims to raise $200 mn via rights issue at drastic valuation cut
New Delhi: Think and Learn Private Limited (TLPL), the parent company of Byju’s, on Monday announced to raise $200 million by way of a rights issue to all its equity shareholders, in…
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iPhones grow 28% to grab over 6% market share in India in 2023
New Delhi: Riding on the premiumisation trend in India, iPhones grew 28 per cent from 4 per cent market share in 2022 to more than 6 per cent in 2023, according to…
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Samsung R&D Institute partners with IIT Kanpur to conduct joint research on AI, other tech
New Delhi: Samsung R&D Institute, Noida (SRI-Noida) on Monday announced that it has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Kanpur (IIT-K) for a period of five…
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realme launches 12 Pro series 5G with periscope telephoto camera in India
New Delhi: Global technology brand realme on Monday launched the ‘realme 12 Pro series 5G’, the newest addition to its premium number series with a periscope telephoto camera in India. The series…
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Rolls Royce inks pact with Hyderabad-based Azad Engineering
New Delhi: Rolls-Royce has announced the signing of a long-term agreement with Azad Engineering to manufacture and supply complex components for defence aircraft engines. Through this strategic partnership, Hyderabad-based Azad Engineering will…
