Business
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Lamborghini licenses MIT’s Cobalt-free organic battery tech for EVs
San Francisco: Researchers from Massachusetts Institute of Technology (MIT), including one of Indian-origin, have designed a new battery material that could offer a more sustainable, cobalt-free way to power electric cars. Automaker…
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Musk’s X fixes bug that labelled legit posts as ‘sensitive media’
New Delhi: Elon Musk-run X on Monday said it has fixed a bug that caused the platform to incorrectly label numerous posts as ‘Sensitive Media’. According to the company, the vulnerability in…
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VC firm BlackSoil’s investments reach over $30 mn in Q3 FY24
New Delhi: Alternative credit platform BlackSoil on Monday said its portfolio investment reached more than $30 million in the third quarter of current fiscal year (FY24), a 35 per cent growth (year-on-year).…
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Razorpay introduces 2-minute instant refunds on failed UPI transactions
New Delhi: Full-stack fintech platform Razorpay on Monday launched an industry-first ‘instant refunds’ feature on failed unified payments interface i(UPI) transactions in the country. The solution by Razorpay POS will provide instant…
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Musk denies report claiming his AI firm secured $500 mn funding
New Delhi: Tech billionaire Elon Musk has denied the report claiming that his artificial intelligence (AI) company ‘xAI’ secured $500 million in funding toward a $1 billion goal. A report by Bloomberg,…
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India’s smartphone market sees 2% drop in 2023, shipped 148.6 mn units: Report
New Delhi: India’s smartphone market has maintained stability with 148.6 million shipments overall in 2023, witnessing a minor drop of two per cent, a new report has said. According to the market…
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Yet to decide mechanism for regulating cryptocurrencies: Centre to SC
New Delhi: The Centre has told the Supreme Court it is yet to take a decision on a mechanism to regulate cryptocurrencies and effectively investigate related offences. A bench of justices Surya…
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India saw 15% spike with 2,138 weekly cyberattacks per organisation in 2023: Report
New Delhi: India has recorded a spike of 15 per cent in cyberattacks within APAC (Asia-Pacific), with 2,138 weekly attacks per organisation in 2023, a new report revealed on Friday. According to…
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Wayfair to slash 1,650 jobs from its global workforce
San Francisco: E-commerce company Wayfair has announced to lay off 1,650 employees, or 13 per cent of its workforce globally, to reduce costs. The latest job cuts are expected to provide the…
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Russian govt threat actors hacked company’s exec emails: Microsoft
New Delhi: Microsoft has claimed that about two months ago, Russian state-sponsored threat actors gained access to its corporate networks and obtained emails belonging to executives and certain staff members in its…
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Elon Musk’s X rolling out audio, video calls for Android users
New Delhi: Elon Musk-run X is rolling out the feature to make audio and video calls directly from the app for Android users. According to a post made by one of the…
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Apple to pay iPhone 7 users who faced ‘loop disease’ audio issues
San Francisco: Apple has reached an agreement to settle a US class action lawsuit, in which the company will be paying $35 million to iPhone 7 and iPhone 7 Plus users, who…
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JetSetGo signs $1.3 billion deal for 280 hybrid-electric aircraft
Hyderabad: Air service operator JetSetGo on Friday signed a deal with three global aviation tech firms for 280 hybrid-electric aircraft worth over $1.3 billion. The company is set to acquire 150 aircraft…