Business
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Sam Bankman-Fried pleads not guilty to 8 counts of charges
New York: Sam Bankman-Fried, the former CEO of bankrupt crypto exchange FTX, has pleaded not guilty to fraud and money laundering charges. Bankman-Fried, also known as SBF, appeared at Manhattan federal court…
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Nvidia, Foxconn join hands to build automated EVs
Las Vegas: Chip-maker Nvidia and technology manufacturer Foxconn have announced a strategic partnership to develop automated and autonomous vehicle platforms at the Consumer Electronic Show (CES) 2023. Under the agreement, Foxconn will…
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Tesla fined $2.2 mn for false advertising on EV range in cold weather
Seoul: South Korean market regulator has fined Elon Musk-run Tesla $2.2 million for misleading consumers about the range of its electric vehicles via advertisements. The Korea Fair Trade Commission (KFTC) had an…
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Uttar Pradesh to develop a network of dry ports
Lucknow: The Uttar Pradesh government has decided to develop a network of dry ports across the state, and several domestic, and international companies have forwarded their proposals for investment in this sector.…
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Crypto winter wipes over 70K Bitcoin millionaires in 2022
New Delhi: The crypto winter wiped over 70,000 Bitcoin millionaires in 2022, as the recent volatility experienced by top cryptocurrency resulted in millionaire holders suffering significant losses, a report showed on Tuesday.…
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Rupee tumbles 22 paise to all-time low of 83 against US dollar
Mumbai: The rupee pared initial gains and slumped 22 paise to close at its all-time low of 83 against the US dollar on Tuesday, pressured by a strong greenback overseas and sustained…
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Samsung may showcase foldable plus slidable display at CES 2023
San Francisco: Samsung will reportedly showcase the world’s first foldable plus slidable OLED panel at the Consumer Electronics Show (CES) 2023. The tech giant is likely to call it a hybrid panel,…
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iPhone 15 Pro models may feature solid-state buttons, increased RAM
San Francisco: Apple’s next-generation iPhone 15 Pro and iPhone 15 Pro Max will reportedly include new features such as solid-state buttons with haptic feedback, titanium frame, and increased RAM. According to Hong…
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Apple marks 3rd-gen iPad Mini as obsolete product
San Francisco: Apple has officially marked the third-generation iPad mini as an obsolete product, meaning it will no longer be eligible for repairs as service providers cannot order parts for the device.…
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BMW Group India sold 19,263 vehicles in 2022
Chennai: High end cars and motorcycle maker BMW Group India closed 2022 selling 19,263 vehicles. According to a statement issued by BMW India, a total of 11,981 cars (BMW and MINI) and…
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IPO fundraising in India halves in 2022
New Delhi: Forty Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilised by 63 IPOs in 2021, according…
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Tesla falls short of 50% growth goal in 2022 amid Musk’s growth goaldistraction
San Francisco: Elon Musk-run Tesla has missed its target of 50 per cent growth in production and deliveries for 2022, as its stock plummeted around 65 per cent amid Musk’s $44 billion…
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Online gaming companies can’t bet on outcome of games: MoS IT
New Delhi: Betting on the outcome of games won’t be allowed by online gaming companies under the draft rules, Minister of State for Electronics and IT, Rajeev Chandrasekhar, said on Monday. “As…
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Indian economy poised for further growth in 2023 despite global headwinds
New Delhi: The Indian economy recovered from the COVID-induced downturn during 2022 and is poised for further improvement in the coming quarters though downside risks emanating from geopolitical tensions, strengthening dollar and…
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Zomato co-founder Gunjan Patidar quits in another high-profile exit
New Delhi: Online food delivery platform Zomato’s co-founder and CTO Gunjan Patidar quit after more than 10 years, the company announced on Monday. This is the second high-profile exit at the company.…
