Business
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Banks, RBI keeping close watch to tackle cyber fraud: Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman on Thursday said that while government institutions, banks and insurance companies were building greater awareness over cyber fraud, there was a need for people also…
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Bankrupt crypto platform Genesis sues crypto exchange Gemini to recover $689 mn
San Francisco: Bankrupt crypto lending platform Genesis has sued cryptocurrency exchange Gemini to recover $689 million. Genesis alleges that Gemini, owned by the Winklevoss twins, made “significant withdrawals” before Genesis filed for…
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Uber to run buses in Kolkata jointly with Bengal transport dept
Kolkata: Uber will now run buses in Kolkata jointly with the West Bengal transport department. A memorandum of understanding (MoU) in this regard was signed between Uber and the transport department here…
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Hyundai’s US JV to produce autonomous taxi at Singapore innovation hub
Seoul: Hyundai Motor Group’s autonomous vehicle joint venture in the US plans to manufacture its self-driving electric vehicles in the group’s newly launched innovation hub in Singapore, the company said on Wednesday.…
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Zomato, Swiggy slapped with Rs 500 crore GST notice each: Report
New Delhi: Online food delivery platforms Zomato and Swiggy have received GST notices worth Rs 500 crore each on delivery charges, media reports said on Wednesday. Both online food delivery platforms charge…
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Global smartphone market back to YoY growth in Oct, breaks 27 months streak
New Delhi: The global monthly smartphone sell-through volumes grew 5 per cent (year-on-year), making October the first month to record year-on-year growth since June 2021 and breaking the streak of 27 consecutive…
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AMD extends PyTorch Support to Radeon RX 7900 XT GPUs for AI developers
New Delhi: Chip-maker AMD on Wednesday extended PyTorch (a machine learning framework) and ROCm (open software platform) support to Radeon RX 7900 XT GPUs to bring even more options for artificial intelligence…
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Epack Prefab commissions facility in Andhra Pradesh at investment of Rs 200 cr
New Delhi: Epack Prefab, a manufacturer of pre-engineered structures, on Wednesday announced commissioning of its new facility in Andhra Pradesh set up with an investment of around Rs 200 crore. Spread over…
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Small cap stocks come under selling pressure
New Delhi: Selling is being witnessed in small cap stocks with the indices falling more than the benchmark indices on Wednesday. BSE Small Cap Select Index is down 1 per cent in…
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Karnataka govt signs MoU with TKM for Rs 3,300cr investment
Bengaluru: The Karnataka government on Tuesday signed a memorandum of understanding (MoU) with automobile major Toyota Kirloskar Motor (TKM), an Indian subsidiary of Japan’s Toyota Motor Corporation for further expansion of its…
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Microsoft offers OpenAI employees to match their compensation
San Francisco: Microsoft on Tuesday said it will match OpenAI’s compensation to employees who want to join Sam Altman’s new advanced AI research lab at Satya Nadella-run tech giant. Microsoft Chief Technology…
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ED’s FEMA probe against BYJU’s in final stages
New Delhi: An Enforcement Directorate (ED) investigation into alleged foreign exchange law violations by edtech major BYJU’s and its CEO and co-founder Raveendran Bjyu is in the final stages of completion following which…
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Rupee fails to recover despite fall in US dollar
Mumbai: The rupee failed to recover in morning trade on Tuesday despite a weak dollar and was hovering at the previous day’s record low of 83.34 against the US greenback at 11.28…
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BSE 500 companies revenues flat but profits zoom
New Delhi: The 2QFY24 results of BSE-500 Index companies showed further weakness in revenues (0.7 per cent yoy decline ex-BFSI), even as earnings growth remained robust (47 per cent yoy), Kotak Institutional…
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Markets rebound in early trade after two days of fall
Mumbai: Equity benchmark indices rebounded in early trade on Tuesday after two days of decline, mirroring a bullish trend in global markets along with buying in Reliance Industries and HDFC Bank. The…
