Business
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NCLAT extends Jalan-Kalrock’s time to repay Jet lenders Rs 350 cr
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Monday gave more time to the winning bidder Jalan-Kalrock Consortium to pay Rs 350 crore to the lenders of the bankrupt Jet…
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Rupee term loan document executed for GatiShakti rail corridor project in Chhattisgarh
New Delhi: In a major development in PM GatiShakti rail corridor projects in Chhattisgarh, rupee term loan documents were executed between the Central Bank of India under sole banking and the promoters,…
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Tiger Global exits Zomato, offloads remaining shares worth Rs 1,123 crore
New Delhi: US-based investment major Tiger Global, via its VC fund Internet Fund III Pte Ltd, has exited online food delivery platform Zomato by selling its entire shareholding for Rs 1,123.85 crore.…
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Apple may become world’s largest smartphone brand by early 2024
New Delhi: Apple could see a rebound in its stock price ahead of new product announcements in September and could become the world’s largest smartphone brand by 2023-2024, leading Apple analyst Ming-Chi…
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Our investment in India will keep growing: IBM CEO Arvind Krishna
New Delhi: Be it Cloud or artificial intelligence (AI), IT major IBM is bullish on the innovations coming out from its research and development (R and D) centres in India and the…
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Crypto criminals steal over $10bn to date, despite crypto crime slowing down
New Delhi: Crypto criminals have stolen more than $10 billion to date, despite crypto crime slowing down, a new report said on Monday. According to data presented by AltIndex.com, crypto scammers and…
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Regulate bad AI use cases, not whole tech: IBM CEO Arvind Krishna
New Delhi: IBM Chairman and CEO Arvind Krishna on Monday emphasised that artificial intelligence (AI) does need guardrails and regulations to avoid user harm, but the focus should be on regulating bad…
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Hackers use OTP APIs for SMS bombing, 44 Indian APIs exposed
New Delhi: Hackers have developed automated software programmes that exploit OTP (One-Time Password) verification APIs (Application Programming Interface) to flood mobile devices with excessive OTP SMS messages, a new report said on…
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Nita Ambani to step down from Reliance Board; Isha, Akash, Anant appointed non-executive directors
Mumbai: The Board of Directors of Reliance Industries Limited, at its meeting held on Monday, made a recommendation to the shareholders for approval of the appointment of Isha Ambani, Akash Ambani and…
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POVA 5 Pro 5G redefines affordable segment with industry-first features
New Delhi: As affordable smartphone segment heats up in India, especially among young millennials and Gen Z consumers, tech brands are leaving no stone unturned in launching segment-first devices that brings a…
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Musk says Tesla fleet will reach 10 mn in few years
San Francisco: Tech billionaire Elon Musk has said that Tesla’s fleet will be significantly larger in the future, reaching “roughly 10 million” in a few years. Recently, Musk performed a test drive…
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Qualcomm unveils Snapdragon G series chips for handheld gaming devices
New Delhi: Chip major Qualcomm has announced Snapdragon G Series handheld gaming portfolio that unlocks a range of options for playing the “console first” games. The Snapdragon G Series handheld gaming portfolio…
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Hybrid work surges 29% as firms embrace flexibility: Report
New Delhi: Hybrid work surged 29 per cent (year-on-year) in the April-June period globally as “remote work” and “work from home” options declined, a report showed on Monday. Hybrid working roles, which…
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Govt’s ONDC reaches 50K restaurants, takes on Zomato-Swiggy dominance
New Delhi: Giving a tough fight to Zomato-Swiggy dominance in online food delivery market, Open Network for Digital Commerce (ONDC), an initiative of the government, on Monday said that 50,000 restaurants are…
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Markets climb in early trade on firm global trends
Mumbai: Equity benchmark indices climbed in early trade on Monday tracking strength in global markets. The BSE Sensex climbed 177.63 points to 65,064.14 in early trade. The NSE Nifty gained 62.2 points…
