Business
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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…
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SAP unveils new AI capabilities to skill developer community with genAI
Bengaluru: As generative AI begins to disrupt businesses of all sizes globally and in India, Cloud solutions major SAP on Thursday launched new AI capabilities and advancements for developers to build generative…
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Cybersecurity firm Splunk to cut 7% of staff ahead of Cisco acquisition
San Francisco: US-based cybersecurity company Splunk has announced to lay off about 7 per cent of its global workforce, just months ahead of its acquisition by global networking giant Cisco. According to…
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India-made iPhone shipments may grow 20% globally by 2024: Analyst
New Delhi: The India-made iPhone shipments will grow to 20 to 25 per cent globally by 2024, depending on market conditions, a leading analyst has said. According to Ming-Chi Kuo of TF…
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Markets jump in early trade after two days of fall
Mumbai: Equity benchmark indices rebounded nearly 1 per cent in early trade on Thursday after a two-day decline, following a rally in global markets amid the US Fed keeping rates unchanged. The…
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Dr Reddy’s named among top 20 employers in pharma globally
Hyderabad: Pharma major Dr. Reddy’s Laboratories Ltd on Wednesday announced that the prestigious Science Magazine has ranked the company among its list of top 20 employers in pharma, biotechnology, and biopharma for…
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Tata Steel slips into red; reports Rs 6,511 cr net loss in Sep quarter
New Delhi: Tata Steel on Wednesday reported a consolidated net loss of Rs 6,511.16 crore in the second quarter ended September. It had clocked Rs 1,297.06 crore net profit in the year-ago…
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Indian data centre industry to see Rs 45K crore investments by 2026: Report
New Delhi: The Indian data centre industry is likely to attract investments exceeding Rs 45,000 crore over the three fiscals till 2026 as growing demand for data and storage piques the interest…
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L&T’s Rs 830cr fabless chip design facility big boost to India’s semiconductor dream
New Delhi: As India doubles down on local semiconductor design and manufacturing, the engineering major Larsen & Toubro (L&T) has announced to invest up to Rs 830 crore to build a fabless…
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Spotify exec elected as new Chair of IAMAI’s Public Policy Committee
New Delhi: Music streaming giant Spotify’s Regional Director (APAC) Vineeta Dixit on Wednesday appointed as the new Chairperson of the Internet and Mobile Association of India’s (IAMAI) Public Policy Committee. Sandeep Aggarwal,…
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GST collections at Rs 1.72 lakh cr in Oct, second highest-ever
New Delhi: GST collections in October stood at Rs 1.72 lakh crore, the second highest-ever, the finance ministry said on Wednesday. The collections are 13 percent higher than the Rs 1.52 lakh…
