Business
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GitHub Copilot Chat now available in public beta for business users
San Francisco: Microsoft-owned open-source software platform GitHub has announced that the Copilot Chat is now available as a “limited” public beta for all business users on Visual Studio and VS Code. “This…
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GST collection, devolution a success story in NE: Sitharaman
Guwahati: The North Eastern states have scripted a success story in the collection and devolution of the Goods and Services Tax (GST), Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said…
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Infosys ADR sinks more than 9 per cent after Q1 results
New Delhi: Infosys ADR slumped by more than 9 per cent in pre-market trade after the company cut revenue guidance. The Infosys ADR was trading at $16.07. Analysts are concerned at the…
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India’s growth trend expected to soften from Sept quarter
New Delhi: While a favourable base effect should help accelerate India’s real GDP growth to around 7.5-8 per cent YoY in the June quarter, the growth trend is expected to soften over…
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Coforge logs 21.4% increase in revenue, net employee headcount up 1,000
New Delhi: Global IT solutions organization Coforge on Thursday reported 21.4 per cent increase in revenue (year-on-year) for the first quarter of FY24, saying that net headcount increased by 1,000 employees during…
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Indian smartphone market to touch $42 bn in sales despite poor 2023 1st half
New Delhi: The Indian smartphone market is likely to reach $42 billion in overall revenue this year, up by around 18 per cent over previous year, selling about 140 million units, a…
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Stanford University prez resigns after probe finds manipulations in research
New Delhi: Stanford University President Marc Tessier-Lavigne has announced resignation after an investigation found that he failed to address manipulated papers, and also fostered unhealthy lab dynamics. This follows months of intense…
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Microsoft slashes 1,000 jobs, mostly in sales, customer services: Report
San Francisco: Microsoft has reportedly reduced its workforce further by 1,000 over the past week, mostly in sales and customer services teams. According to a report in Insider, citing sources, the new…
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Netflix adds 5.9 mn paid subscribers in Q2, revenue at $8.2 bn
New Delhi: Streaming giant Netflix added 5.9 million subscribers globally in the second quarter (Q2), with the US and Canada making up 1.17 million new members in the April-June period. In May,…
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Tesla logs $2.7 bn in net income, cybertruck on its way: Musk
San Francisco: Elon Musk-run Tesla has reported a revenue of $25 billion with a net income of $2.7 billion (up 20 per cent year-on-year) in the second quarter (Q2) this year. The…
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Networking giant Cisco lays off employees across business units
New Delhi: Global networking giant Cisco has begun a round of layoffs affecting employees across business units, which are part of an earlier “rebalancing effort”. According to verified Cisco employees on anonymous…
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Thousands of authors urge AI companies to stop stealing books
New York: More than 8,000 famous writers, including Margaret Atwood, Nora Roberts, and Michael Chabon, have, in an open letter, called out to CEOs of OpenAI, Alphabet, Meta, Stability AI, and IBM…
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GST officials search UpGrad offices, edtech unicorn says ‘routine survey’
New Delhi: Goods and Services Tax (GST) Department officials made searches at Ronnie Screwvala-founded edtech unicorn upGrad offices on Wednesday. The company said that it was a “routine survey”. In a statement…
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Quick commerce platform Dunzo won’t pay employees till early Sept
New Delhi: Homegrown quick-grocery delivery provider Dunzo has said it will not be able to pay employees salaries until early September, a further delay from the earlier deadline of July 20. The…
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Microsoft 365 AI Copilot to be available at $30 per user for businesses
New Delhi: Microsoft has announced the pricing for its AI-infused Copilot for Microsoft 365, which will cost $30 per user per month for business accounts. “Microsoft 365 Copilot will be available for…
