Technology
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Ex-Twitter board member sues Elon Musk’s X for USD 20 million
New York: Billionaire Elon Musk-run X social media platform has been sued by a former Twitter board member for $20 million. Omid Kordestani, former Twitter (now called X) executive chairman, has sued…
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Aurum Equity Partners to invest USD 400 million for in Hyderabad
Hyderabad: Aurum Equity Partners has announced a phased investment of USD 400 million to build a next-generation, AI-powered, green data center in Hyderabad soon. This comes as a continuation of the company’s…
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Mutual funds have earned trust of Indian investors amid robust regulations: SEBI
New Delhi: As the financial landscape in India witnesses a significant shift, the mutual fund ecosystem has played a crucial role in this transformation, stepping up remarkably to earn the trust of…
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Indian bond market issuances cross $105 billion in FY24, $25 billion new equity issued
Mumbai: Debt issuances and corporate bond issuances exceeded $105 billion in the last financial year (FY24) and new equity issuances was about $25 billion, underlining the depth of Indian bond markets, Pramod…
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Daily online grocery demand slows down, FMCG sales growth drops: Report
New Delhi: As stocks of fast-moving consumer goods (FMCG) companies keep growing, the sector growth has slowed down due to less packaged food consumption among the Indians and slowdown in daily online…
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Paramount Global to cut 15 per cent of US workforce
Los Angeles: Media conglomerate Paramount Global announced that it will cut 15 per cent of its US-based workforce, or about 2,000 jobs, as part of a broader cost-cutting plan. The cuts will…
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PhonePe launches pre-approved term life insurance
New Delhi: PhonePe on Friday announced the launch of a ‘pre-approved term life insurance’ feature on its platform. The feature aims to make insurance coverage more accessible and affordable for millions of…
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Latest AI model poses ‘medium risk’ for political persuasion via text: OpenAI
San Francisco: Sam Altman-run OpenAI has admitted that its new artificial intelligence (AI) model shows “medium risk” when it comes to persuading political opinions via generated text. The company evaluated the persuasiveness…
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Bangladesh unrest a USD 250M monthly readymade garment export opportunity for India: Report
New Delhi: If the political unrest prolong in Bangladesh, nearly 10 per cent of the neighbouring country’s readymade garment (RMG) export orders could shift, presenting a $200-250 million monthly export opportunity for…
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Public EV charging stations increase 9-fold in India amid robust adoption
New Delhi: The number of public battery electric vehicle (BEV) charging stations in India expanded significantly from 1,800 in February 2022 to 16,347 in March this year, marking nearly a nine-fold increase,…
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Indian hospital industry’s financial profile to remain healthy in FY25: Report
New Delhi: Backed by sustained healthy demand for healthcare services and continued market share gains for organised players, the aggregate occupancy for the Indian hospital industry will remain strong at 61-63 per…
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Charles Schwab plans Technology Development Centre in Hyderabad
Hyderabad: Charles Schwab, a global leader in financial services, has chosen Hyderabad as the prospective location for its first Technology Development Centre in India. The decision followed fruitful discussions between Telangana Chief…
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Nazara acquires UK-based Fusebox Games for Rs 228 crore
Mumbai: Gaming and sports media company Nazara Technologies on Thursday said it has acquired Fusebox Games, a UK-based gaming studio, for Rs 228 crore ($27.2 million) in an all-cash deal. Fusebox offers…
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Meta’s Llama Impact Grants programme launched in India
New Delhi: Tech giant Meta on Thursday launched its Llama Impact Grants programme in India, to extend access to the opportunities of artificial intelligence (AI) to more organisations around the world. The…
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Samsung’s AI-driven Fold6 offers an unmatched experience for Indian fans
New Delhi: Foldable smartphones are seeing a rise in competition as some new players emerged in 2023 and some are doubling down with innovative devices in 2024. However, according to industry experts,…
