Business
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Tinder to lose background-checking tool
San Francisco: The background-checking tool used by Tinder’s parent company Match Group to offer a safety feature for its users is shutting down. he non-profit organisation Garbo which provided background checks to…
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RBI bars banks from levying penal interest
Mumbai: Concerned over the practice of banks and Non-Banking Financial Companies (NBFCs) using penal interest as a revenue enhancement tool, the Reserve Bank on Friday came out with modified norms, under which…
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Rupee at 10-month low adds to selling pressure in stock market
New Delhi: Adding to the negative sentiment in stock markets, the rupee depreciated to near a 10-month low at 83.14, while the FII outflow of almost of Rs 10,000 crore in August…
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Economy gathering momentum in Q2, inflation remains concern: RBI
Mumbai: Indian economy is gathering momentum in the second quarter, though inflation would continue to average above the central bank’s comfort zone of 6 per cent, said an article in the RBI’s…
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India’s traditional PC market declines 15.3% in June quarter, HP leads
New Delhi: The traditional PC market (desktops, notebooks and workstations) in India continued to struggle as it shipped 3.2 million units in the June quarter, declining 15.3 per cent (year-over-year), a new…
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Global smartphone shipments to hit decade low in 2023, Apple near top spot
New Delhi: 2023 is on track to become the worst year for global smartphone shipments in a decade, with a 6 per cent decline to reach 1.15 billion units, a report showed…
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NYT mulling legal action against OpenAI over copyright issue
New York: The New York Times is exploring legal options whether to sue Microsoft-backed OpenAI and protect the intellectual property rights associated with its reporting, the media reported. The publication and OpenAI…
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Shiprocket joins Skye Air for drone delivery service for merchants
New Delhi: Logistics solution provider Shiprocket on Thursday announced its collaboration with Skye Air, a software-as-a-service (SaaS)-based drone delivery solution provider to revolutionise the e-commerce landscape and introduce a capability to deliver…
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NYC bans TikTok on city-owned devices over security concerns
San Francisco: New York City has banned the popular Chinese short-form video platform TikTok on city-owned devices over security concerns. A directive was issued on Wednesday following a review by the NYC…
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FIIs unlikely to pour more money into Indian market
New Delhi: With the dollar index at 103.5 and the US 10-year bond yield at 4.27 per cent, FIIs are unlikely to pour more money into the Indian market as they did…
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Samsung unveils special offers on Galaxy Z Flip5, Z Fold5, Tab S9 for live commerce customers
New Delhi: Samsung has announced that it will host a live commerce event on Wednesday at 12 p.m. for its fifth generation foldables — Galaxy Z Flip5 and Z Fold5 — as…
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OpenAI using GPT-4 to develop AI-powered content moderation system
San Francisco: Microsoft-owned OpenAI is using its large language models like GPT-4 “to build a content moderation system that is scalable, consistent and customisable”. According to the company, GPT-4 can not only…
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Xbox introduces new enforcement strike system
San Francisco: Microsoft-owned gaming console brand Xbox has introduced a new enforcement strike system that educates players about enforcement severity, cumulative effect of multiple enforcements and the total impact on their standing.…
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Infosys inks 5-year, 1.5bn euros deal with Liberty Global
Chennai: Software major Infosys Ltd on Tuesday said it has entered a five-year contract worth about 1.5 billion euros with the UK-based Liberty Global plc. In a regulatory filing, Infosys said the…
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Dell fined $6.5 mn for selling overpriced monitors at discounts
Sydney: Consumer electronics major Dell’s Australia arm has been slapped with a AUD10 million (nearly $6.49 million) fine for selling overpriced monitors at discounted prices. The Federal Court ordered that Dell Australia…
