Technology
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EV startup Fisker to lay off 15 pc of workforce amid cash crunch
San Francisco: Electric vehicle (EV) startup Fisker is laying off at least 15 per cent of its workforce, as its current resources are “insufficient to satisfy its requirements over the next 12…
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With Rs 50,000 crore investment, UP’s real estate sector set for a boom
Lucknow: Uttar Pradesh is set to witness a boom in the real estate sector with the launch of projects worth over Rs 50,000 crore during the recently held Ground Breaking Ceremony (GBC4.0),…
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Ad spending in India to reach $17 bn in FY24, consumption to rebound: Report
New Delhi: Overall ad spending in India is estimated to reach $16-17 billion in FY24, growing at 6 per cent in the fiscal year, a report showed on Thursday. Digital advertising which…
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Over 36 mn AI, gaming credentials compromised by infostealers in 3 yrs: Report
New Delhi: Investigating the dark web market for credential theft from popular AI and gaming websites, the researchers on Thursday said that more than 36 million credentials (logins and passwords) were compromised…
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ONDC wins ‘Start-up of the Year’ award at 14th India Digital Awards
New Delhi: The Open Network for Digital Commerce (ONDC) on Thursday said that it has been awarded the “Start-up of the Year” at the 14th India Digital Awards. The award recognised ONDC’s…
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HP introduces new range of printers for SMBs in India
New Delhi: PC and printer major HP on Thursday introduced a new range of ‘OfficeJet Pro’ printers, tailored to meet the printing needs of SMBs in India. The new range includes —…
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80% of Indian mid-market firms bullish on growth, create more jobs this year
New Delhi: Driven by initiatives such as ‘Make in India’, ease of doing business and ongoing digital transformation, 80 per cent of Indian mid-market businesses maintain a positive economic outlook in the…
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Hyderabad may be sitting in front row to witness AI-orchestrated doom
Microsoft co-founder Bill Gates on Wednesday, February 28, visited the Microsoft India Development Center (IDC) in Hyderabad, an innovation centre envisioned by him in 1988. The centre is integral to its world-class…
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India retail market set to reach $2 trillion in next decade: Report
Mumbai: India continues to be a bright spot among the major economies and the retail market is expected to reach $2 trillion in next 10 years, presenting a large opportunity for retailers,…
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‘India electronics manufacturing sector to employ 4.5 mn people in next few years’
Mumbai: The Indian electronics manufacturing sector currently employs close to 2 million people and the country aspires to take that figure to about 4.5 million in the next few years with initiatives…
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Most firms globally reported 55 pc or more of legacy tech debt in 2023
New Delhi: About three-quarters of companies globally reported 55 per cent or more of legacy tech debt in the last year, a new report showed on Wednesday. According to the global IT…
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Healthtech startup Zeno Health raises $25 mn
Mumbai: Healthtech platform Zeno Health on Tuesday said it has raised $25 million in its Series C funding round led by Korean private equity investor STIC Investments. Existing Zeno Health investor Lightbox…
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Apple cancels self-driving EV project, to lay off workers: Report
San Francisco: Apple has reportedly shelved its autonomous electric car project permanently and is likely to lay off “hundreds of employees” from the division, the media reported on Wednesday. According to a…
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Mark Zuckerberg likely to meet S.Korean tech leaders, discuss AI
Seoul: Facebook Founder and CEO Mark Zuckerberg will likely meet with business officials from leading South Korean tech companies and startups, including Samsung, during his visit to Seoul, industry sources said on…