Wednesday, December 06, 2023

Meta to discontinue cross-app communication chats on Instagram

San Francisco:Meta will soon discontinue the "cross-app communication chats" feature that lets you chat with Facebook friends on Instagram.

Dell empowers 2 mn Indians in digital skills, to expand further

NEW DELHI: Dell Technologies on Tuesday announced that it has met its target of positively impacting two million beneficiaries in India through the Mobile Solar Community Hubs launched last year and is set to expand the programme further.

Safety & security of passengers priority of Civil Aviation Ministry: Scindia in RS

NEW DELHI: Union Minister for Civil Aviation Jyotiraditya Scindia on Monday said the safety and security of passengers is the priority of the ministry with the BCAS keeping a keen watch on all airports, and in case any airline or airport is found guilty of mistreating a passenger action is taken and penalty imposed.

Byju’s pays remaining employees’ salaries for Nov after ‘technical glitch’

NEW DELHI: Edtech major Byju’s has paid November salaries of some of its employees after a “technical glitch” hampered the payment of some 1,000 workers.

Spotify announces to cut 17% of jobs, 3rd round of layoffs this year

NEW DELHI: Music streaming giant Spotify on Monday announced to eliminate about 17 per cent of its workforce across the company as it looks to become "both productive and efficient".

CJI D.Y. Chandrachud to present 45th Bajaj Awards in Mumbai on Friday

MUMBAI: Supreme Court Chief Justice D. Y. Chandrachud will be the chief guest and give away the prestigious 45th Jamnalal Bajaj Foundation Awards at a mega-event here on December 8, an official said here on Monday.

GenAI will speed up drug discovery, boost healthcare in India: Top AWS executive

NEW DELHI: Generative Artificial Intelligence (AI) has the potential to transform drug discovery and healthcare delivery in a country like India which has top-level medical experts with the right kind of experience in this new-age technology, a top Amazon Web Services (AWS) executive has said.

Outcome of state election results hints at continued uprun in market

NEW DELHI: The outcome of state election results hints towards continued uprun in the market, Dhiraj Relli, MD & CEO at HDFC Securities, said on Monday.

Now, IndiGo faces criticism over delays from former Union Minister

NEW DELHI: Congress MP and former Union Minister Manish Tewar, on Sunday expressed frustration over repeated delays in IndiGo flights

IDBI Trusteeship now files appeal against Subhash Chandra in NCLAT

MUMBAI: In the continuing saga replete with many twists and turns, IDBI Trusteeship Services Limited (ITSL) has now filed an appeal at the National Company Law Appellate Tribunal (NCLAT) against Essel Group Chairperson Subhash Chandra, challenging the order of the National Company Law Tribunal Mumbai which gave a go-ahead to the Zee Entertainment Enterprises Limited (ZEEL) and Sony merger.

B'luru Tech Summit 2023 an 'unprecedented success': K’taka Minister Priyank Kharge

BENGALURU: Karnataka Minister for Information Technology and Biotechnology, Priyank Kharge, said that the three-day Bengaluru Tech Summit 2023, held at the Bangalore Palace, concluded with unprecedented and resounding success, breaking new ground in the realm of technology and innovation.

FPIs may turn sellers at higher market levels

NEW DELHI: Since overall market valuations have reached high levels, FPIs may turn sellers at higher market levels, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Over 97% of Rs 2,000 banknotes have been returned: RBI

MUMBAI: The total value of Rs 2,000 banknotes in circulation, has declined to Rs 9,760 crore at the close of business on November 30, 2023, the Reserve Bank of India (RBI) announced on Friday.

Commercial LPG prices hiked

NEW DELHI: The Oil Marketing Companies have increased the prices of commercial LPG cylinders by Rs 21 across the country with effect from Friday.

Piyush Goyal urges corporates to step up investments as India is 'at sweet spot'

NEW DELHI: Union Commerce Minister Piyush Goyal on Friday urged corporates to increase investments in India as the country was "at a sweet spot" with massive development of infrastructure driving the economy.

Raymond independent directors say no law requires them to investigate matrimonial disputes

NEW DELHI: The independent directors (IDs) of Raymond Limited have said that neither any law nor any corporate governance standard requires them to inquire into, investigate, or delve into the merits or otherwise, of such matrimonial disputes, which lie beyond their remit.

realme's disruptive growth: A fresh perspective on mid-premium smartphone landscape

NEW DELHI: The growth of the smartphone market in India is being driven by its youth. The country has witnessed a significant increase in technology usage, with the highest percentage of smartphone owners belonging to the 18-24 age group. As the demand for unique and engaging content reaches new heights, content creation is experiencing an all-time high.

With India’s market cap to GDP ratio climbing to 1.2, valuations getting stretched

NEW DELHI: With India’s market cap touching $4 trillion and the market cap GDP ratio climbing to 1.2, valuations are getting stretched, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. But in the short run, the market is likely to move ahead of fundamentals, he added.

Avid Learning to amplify voices of cultural sustainability and environmental innovation at COP28

NEW DELHI: As India completes its G20 Presidency, it has demonstrated its unwavering commitment to sustainable energy solutions and climate action.

Swiggy's food delivery sales up 17% to $1.43 bn in 1st half of FY24: Prosus

NEW DELHI: Online food delivery platform Swiggy's investor Prosus, in its financial filing, stated that Swiggy’s core food-delivery business grew 17 per cent and delivered gross merchandise value (GMV) of $1.43 billion in the first half of FY24.

Nifty reclaims 20k mark led by auto stocks

NEW DELHI: Nifty reclaimed the 20,000 mark on Wednesday after FIIs turned buyers in the Indian markets.

Nifty reclaims 20k mark led by auto stocks

NEW DELHI: Nifty reclaimed the 20,000 mark on Wednesday after FIIs turned buyers in the Indian markets.

Cabinet clears Rs 11.8 lakh cr scheme for free foodgrain to poor

NEW DELHI: The Union Cabinet has approved the extension of the Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) to provide free foodgrain to the poor for another five years at a cost of Rs 11.8 lakh crore.

Binance founder ordered to remain in US ahead of prison sentencing

San Francisco:Binance founder Changpeng Zhao (also known as CZ), who pleaded guilty to criminal charges tied to his cryptocurrency exchange, has been ordered by a federal judge to remain in the US at least temporarily, according to a ruling issued by the court.

AMD’s largest design centre in India proves global firms’ confidence in us: IT Minister

Bengaluru: The unveiling of chip-maker AMD’s largest global design centre in India, that plans to host approximately 3,000 engineers in coming years, is a testament to the confidence global companies have in India, Union IT Minister Ashwini Vaishnaw said on Tuesday.

RBI expected to continue with stricter measures to curb extensive expansion of unsecured retail loans

NEW DELHI: The Reserve Bank of India (RBI) is expected to continue with stricter measures to make a dent in the unsecured consumer credit, analysts said.

Capital outlay of top 18 states to increase by 18-20% in FY24: CRISIL Ratings

CHENNAI: The capital outlay of India's top 18 states has increased by 18-20 per cent this fiscal as against about 14 per cent in fiscal 2023, said CRISIL Ratings Ltd in a report.

Go First gets 90-day breather from NCLT

NEW DELHI: The National Company Law Tribunal (NCLT) on Thursday extended the moratorium for the Wadia-owned airline Go First airline under the Corporate Insolvency Resolution Process by another 90 days.

Tesla, Elon Musk knew of defective Autopilot system: US judge

San Francisco:A US judge has ruled that there is "reasonable evidence" that Tesla and its CEO Elon Musk knew its electric cars had "defective Autopilot systems" but still allowed the EVs to be driven in areas "not safe for that technology".

Small cap stocks come under selling pressure

NEW DELHI:Selling is being witnessed in small cap stocks with the indices falling more than the benchmark indices on Wednesday.

Strong FII flows associated with markets making new highs

NEW DELHI: Although India remains the fastest growing economy amongst the large ones, outlook on FII flows remained uncertain, according to a research by broking firm Prabhudas Lilladher.

RBI Governor red flags high dependence of NBFCs on bank loans

MUMBAI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday expressed grave concern over the high “concentration” of credit that NBFCs were availing from banks to finance their lending operations and said this has emerged as “a risk” in the system.

Tata Power activates EV charging stations on Chandigarh-Shimla highway

NEW DELHI: Tata Power on Tuesday announced the activation of its electric vehicle (EV) charging infrastructure along the Chandigarh-Shimla highway, covering a total distance of 111 kms on the popular route.

Mohalla Tech, ShareChat’s parent firm, sees losses swell to Rs 4,064 cr in FY23

NEW DELHI: Mohalla Tech, the parent company of social media platform ShareChat, saw its losses swell over 38 per cent to Rs 4,064 crore during FY23 as compared to Rs 2,941 crore in FY22.

IT hiring remains muted, talent with functional skills surges in Q2: Report

NEW DELHI: The recruitment for the IT sector has remained muted, while the demand for talent with functional skills such as Development, ERP, Automotive Design, Testing, and Administration, among others, has surged in the second quarter (Q2) of FY24, a new report revealed on Tuesday.

Fintech startup Kiwi raises $13 mn led by Omidyar Network India

BENGALURU: Homegrown fintech startup Kiwi on Tuesday said it has $13 million (about Rs 108 crore) in a Series-A funding round led by Omidyar Network India.

US SEC sues crypto trading platform Kraken

WASHINGTON: The US Securities and Exchange Commission (SEC) has charged crypto trading platform Kraken for operating as an unregistered securities exchange, broker, dealer and clearing agency.

Weakening Chinese growth prospects will weigh on commodities

NEW DELHI: The range bound movement of the market is likely to be broken with an upward move soon, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

OpenAI shuts doors, Satya Nadella opens new one for Sam Altman

San Francisco:Putting an end to the high-voltage drama that started last Friday, Microsoft Chairman and CEO Satya Nadella on Monday announced to hire former OpenAI CEO Sam Altman and co-founder Greg Brockman to help the company pursue its advanced AI dreams with a new vertical, also called ‘Sam’.

GM subsidiary Cruise’s Co-founder & CEO Kyle Vogt quits

San Francisco:Kyle Vogt, co-founder and CEO of GM’s self-driving car subsidiary Cruise, has resigned, in less than a month after the California Department of Motor Vehicles (DMV) suspended Cruise’s deployment and driverless testing permits.


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