Business
-
Delta CEO reveals IT outage costs USD 500 million
San Francisco: Delta Air Lines CEO Ed Bastian said the massive IT outage, earlier this month, cost the company $500 million. He said the figure included not just lost revenue but “the…
-
Digital initiatives likely to triple India’s retail lending by 2030: Report
Mumbai: Digitalisation has driven financial inclusion in India and government initiatives in this sector are estimated to triple retail borrowing to about $2.5 trillion, or about 34 per cent of the GDP,…
-
AI-powered antibiotic breakthrough offers hope for drug development
New Delhi: In a major advancement for tackling antibiotic resistance, researchers at The University of Texas at Austin have developed a promising new antibiotic using artificial intelligence. The research, published in Nature…
-
Stock market closes near all-time high; Nifty at 24,951
Mumbai: Indian equity indices closed near an all-time high on Wednesday following positive action in the broader market. At closing, the Sensex was at 81,741, up 285 points or 0.35 per cent,…
-
Samsung’s operating profit surges 15 times to $7.54 billion in Q2
Seoul: Samsung Electronics said on Wednesday its second quarter (Q2) operating profit surged more than 15 times from a year earlier on the robust performance of its semiconductor business. The world’s largest…
-
Copilot driving GitHub’s growth, annual revenue run rate at $2 billion: Nadella
San Francisco: Artificial intelligence (AI) assistant Copilot accounted for over 40 per cent of GitHub’s revenue growth this year as the annual revenue run rate of the open-sourced developer platform has reached…
-
Average data breach cost in India touches record Rs 19.5 crore
Bengaluru: The average cost of a data breach in India reached an all-time high of Rs 19.5 crore this year, as the local industrial sector experienced the costliest cyber attacks across sectors,…
-
India sees 21 pc growth in data centre absorption, demand surges from tier 2, 3 cities
New Delhi: India saw 21 per cent growth in data centre absorption in the first half this year — from 778 megawatts (MW) capacity in H1 2023 to nearly 942 MW in…
-
Stock markets open in the green amid mixed global cues
Mumbai: Equity benchmark indices climbed on Wednesday as the markets saw volatile trading amid buying in bank stocks in tandem with mixed global trends. Rallying for the fourth day running, the 30-share…
-
Rupee rises 2 paise to 83.71 against US dollar in early trade
New Delhi: The rupee rose 2 paise to 83.71 against the US currency in early trade on Wednesday following a marginal dip in the dollar in overseas markets. At the interbank currency…
-
Adani Energy Solutions raises USD 1 bn in share sale, first since Hindenburg
New Delhi: Billionaire Gautam Adani-led group’s power transmission unit has raised USD 1 billion through a share sale, the first public equity raise by the conglomerate since a damning Hindenburg report, which…
-
SEBI launches India’s 1st website for passive funds at NSE, unveils report on capital markets
Mumbai: The Securities and Exchange Board of India (SEBI) on Tuesday launched India’s first website for passive funds at the National Stock Exchange (NSE), along with unveiling a comprehensive report on the…
-
Allegations by MapMyIndia false, misleading: Ola Electric
New Delhi: Ola Electric on Monday said that allegations made by CE Info Systems Ltd, the parent company of MapMyIndia, in a legal notice against the EV firm are false and misleading.…
-
India-made telecom equipment now being exported to more than 100 nations
New Delhi: Designed and manufactured in India, telecom equipment is now being exported to over 100 countries, the Centre has informed. Last year, the country exported telecom equipment and services worth more…
-
AI & robotics firms dominate office space absorption in Bengaluru in Q2: Report
Bengaluru: Rapid global advancement in artificial intelligence has spurred demand for office space, and AI and robotics companies accounted for 21 percent of the city’s absorption in the April-June quarter, a report…
