AWS plans to invest $8.4 bn into its European Sovereign Cloud in Germany
New Delhi, May 15 - Amazon Web Services (AWS) on Wednesday announced its plans to invest 7.8 billion euros ($8.4 billion ) in its European Sovereign Cloud in Germany through 2040, which reflects the company’s long-term commitment to meeting Europe’s digital sovereignty needs.
Threads rolls out its own fact-checking programme to rate false content
New Delhi, May 15 - After relying on Instagram and Facebook's networks for several months, Meta-owned Threads has rolled out its own fact-checking programme to rate false content on the platform.
realme GT 6T introduces its top-performing trio
New Delhi, May 15 - After much anticipation by realme’s loyal fans, the brand has finally announced the launch of the latest device in the GT series, the realme GT 6T. realme’s GT series has, since its inception, been the brand’s most coveted
Stupa Sports Analytics raises Rs 28 cr to fuel innovation, expand globally
New Delhi, May 15 - Sports tech company Stupa Sports Analytics on Wednesday said that it secured Rs 28 crore in a Pre-Series A funding round to fuel its talent acquisition, global expansion, and product enhancement initiatives.
TBO Tek makes stellar debut on D-Street, slips after early trade
Mumbai, May 15 - Travel company TBO Tek made a stellar debut on D-Street on Wednesday. The stock was listed with a 55 per cent premium at Rs 1,426 per share on NSE against the issue price of Rs 920 per share.
86 pc of executives globally have already deployed AI to enhance revenue: Report
New Delhi, May 15 - Over 98 out of 10 (86 per cent) of senior business leaders globally have already deployed artificial intelligence (AI) to enhance existing revenue streams or create new ones, a new report revealed on Wednesday.
India surpasses Australia, Japan, Hong Kong in data centre capacity
New Delhi, May 15 - India has surpassed major countries like Australia, Hong Kong SAR, Japan, Singapore, and Korea becoming the country with the highest data centre capacity of 950 MW in the Asia-Pacific region (excluding China), according to a private report released
SEBI grants LIC 3 more years to achieve 10 pc public shareholding norm
Mumbai, May 15 - Life Insurance Corporation of India (LIC) on Wednesday announced that markets regulator Securities and Exchange Board of India (SEBI) has granted it a three-year extension to comply with minimum 10 per cent public shareholding norms.
Healthcare platform RED.Health secures $20 mn led by Jungle Ventures
New Delhi, May 15 - Healthcare platform RED.Health on Wednesday said it has raised $20 million in its Series B funding led by Jungle Ventures.
Sensex up 162 points after opening flat
Mumbai, May 15 - Indian benchmark indices inched higher on Wednesday, following positive global cues.
Samsung envisions advanced AI-connected life at home
Seoul, May 15 - Samsung said on Wednesday it will lead the South Korean home appliances market with an advanced artificial intelligence (AI) solution designed to connect all smart devices, simplifying domestic chores and reducing the time and effort required.
Apple prevented over $7 billion in fraudulent transactions on App Store in 4 years
New Delhi, May 15 - Apple prevented over $7 billion in potentially fraudulent transactions on its App Store in the last four years, the company has informed.
WPI to be around 3 per cent in FY 25, say economists
Chennai, May 15 - The Wholesale Price Index (WPI) is expected to be in the region of 2-3 per cent over the next two quarters and average at around 3 per cent for FY25, top economists at two credit rating agencies said as
Google introduces lightweight Gemini AI model, video generation AI & more
New Delhi, May 14 - Google on Tuesday introduced several updates across the Gemini family of artificial intelligence (AI) models, including the new 1.5 Flash which is a lightweight AI model for speed and efficiency.
Govt showcases India as a 365-day tourist destination at IMEX Frankfurt
New Delhi, May 14 - The Union Ministry of Tourism is participating in IMEX, Frankfurt from 14th-16th May 2024 to showcase India as a leading MICE (meetings, incentives, conferences and exhibitions tourism) destination to the global market.
AWS CEO Adam Selipsky steps down, Matt Garman to head Amazon’s cloud arm
New Delhi, May 14 - Amazon Web Services (AWS) CEO Adam Selipsky has stepped down from his position, its parent company Amazon confirmed on Tuesday.
Pune GST Intelligence busts multi-state fake input tax credit scam worth Rs 145 crore
Pune, May 14 - In a major breakthrough, the Pune zonal unit of the Directorate General of GST Intelligence (DGGI) has busted a multi-state fake input tax credit (ITC) racket worth over Rs 145 crore and arrested one person from Rajasthan, official sources
Colgate-Palmolive Q4 net profit jumps 20 pc to Rs 380 crore
Mumbai May 14 - Colgate-Palmolive reported a 20 per cent jump in consolidated net profit at Rs 379.82 crore for the Jan-March quarter of 2023-24 compared to the same period last year.
More Indians investing in stocks, household savings need to be protected: FM Sitharaman
Mumbai, May 14 - Union Finance Minister Nirmala Sitharaman said on Tuesday that more and more Indians are now investing in stock markets and their household savings must be protected with robust guardrails.
Apollo Tyres Q4 net profit dips 14 pc
New Delhi, May 14 - Apollo Tyres on Tuesday reported a 13.7 per cent decline in net profit at Rs 354 crore for the Jan-March quarter of 2023-24 compared with the corresponding figure of Rs 410.30 crore for the same period of the