FTX CEO Sam Bankman-Fried sentenced to 25 years in prison
San Francisco, March 28 - Sam Bankman-Fried, the co-founder and CEO of collapsed crypto exchange FTX, was on Thursday sentenced to 25 years in prison in the US for seven counts of conspiracy and fraud charges.
Centre’s transfer of tax revenue to states up by over Rs 2.25 lakh crore in 2023-24
New Delhi, March 28 - The Centre has transferred Rs 10,33,433 crore to State Governments as devolution of share of taxes during the 11 months of the current financial year up to February 2024 which is Rs 2,25,345 crore higher than the previous
Global smartphone shipments to reach 1.2 billion units this year: Report
New Delhi, March 28 - Global smartphone shipments in 2024 are likely to see a modest rebound of 3 per cent (year-on-year) to reach 1.2 billion units, a report showed on Thursday.
AI security startup SydeLabs raises funds to secure GenAI systems
Bengaluru, March 28 - AI security and risk management startup SydeLabs on Thursday said it has raised $2.5 million in its seed funding round to build solutions aimed at securing generative AI systems for enterprises.
Reliance Industries invests in Mahan Energen, a wholly-owned subsidiary of Adani Power
New Delhi, March 28 - An investment agreement has been entered into among Mahan Energen Limited (MEL), a wholly owned subsidiary of Adani Power Limited (APL), Reliance Industries Limited (RIL) and APL, in terms of which RIL has agreed to subscribe and MEL
NCLT refuses to defer Byju’s EGM to raise capital via rights issue
New Delhi, March 28 - In a breather for embattled edtech company Byju's, the National Company Law Tribunal (NCLT) on Thursday refused to stay the extraordinary general meeting (EGM) called by the board of directors to raise the capital via the rights issue.
NXP Semiconductors unveils industry-first platform for software-defined vehicles
New Delhi, March 28 - NXP Semiconductors on Thursday said it has broken through the integration barriers for next-generation software-defined vehicle (SDV) development with the introduction of a new platform.
Smart TV shipments drop 16 pc as premium TVs drive growth in India: Report
New Delhi, March 28 - India's smart TV shipments declined 16 per cent (year-on-year) in 2023 but QLED smart TV shipments increased by 110 per cent YoY, a new report showed on Thursday.
India’s trade policy is calibrated with economic growth path: Piyush Goyal
New Delhi, March 28 - India's trade policy is calibrated with its economic growth trajectory as it aims to achieve a target of $2 trillion in exports by 2030, Commerce and Industry Minister Piyush Goyal said on Thursday.
Kia unveils K4 compact sedan in US ahead of launch
Seoul, March 28 - Kia, South Korea's second-biggest carmaker by sales, said on Thursday that it has unveiled the K4 compact sedan at the New York auto show as it plans to launch the vehicle in North American markets this year.
Sensex surges more than 700 points led by gains in financial stocks
New Delhi, March 28 - The BSE Sensex on Thursday was trading at 73,755 points, up by 758 points or 1.04 per cent, led by gains in the financial stocks.
Adani’s copper unit in Mundra begins operations, to generate 7,000 jobs
Ahmedabad, March 28 - Making a debut for the Adani Portfolio in the metal industry, Kutch Copper, a subsidiary of Adani Enterprises Limited (AEL), on Thursday commissioned the first unit of its greenfield copper refinery project at Mundra, Gujarat, by dispatching the maiden
X users with 2,500 verified subscriber followers to get Premium service for free
New Delhi, March 28 - Billionaire Elon Musk on Thursday said that X users who have 2,500 verified subscriber followers will get Premium features for free.
Federal Bank opens 26 new branches across Tamil Nadu, Puducherry
Chennai, March 27 - Private lender Federal Bank opened 26 new branches across Tamil Nadu and Puducherry on Wednesday.
Govt to borrow Rs 7.5 lakh crore from market in first half of 2024-25
New Delhi, March 27 - Out of Gross Market borrowing of Rs 14.13 lakh crore projected in the Union budget for FY 2024-25, the government has decided to borrow Rs 7.50 lakh crore (53.08 per cent) in the first half (H1) of the
NBCC earns record Rs 1,905 crore in e-auction for commercial space in Delhi’s WTC
New Delhi, March 27 - NBCC (India) Ltd said on Wednesday that it has recorded its highest-ever revenue of Rs 1,905 crore with the sale of 4.8 lakh sq ft of commercial space in the 25th e-auction for WTC Nauroji Nagar in South
Anand Mahindra & family pledge Rs 500 crore for Mahindra University’s expansion
New Delhi, March 27 - Mahindra Group Chairman Anand Mahindra and his family have pledged Rs 500 crore over the next five years to Mahindra University, starting from the next financial year (FY25) till FY29, it was announced on Wednesday.
HPCL, Tata Motors ink pact to set up EV charging stations
New Delhi, March 27 - The electric mobility unit of Tata Motors Ltd and Hindustan Petroleum Corp on Wednesday signed a memorandum of understanding to set up EV charging stations across India.
Top S. Korean game developer joins Google Cloud on AI, cloud computing
Seoul, March 27 - NCSOFT Corporation, a major South Korean online and mobile game developer, said on Wednesday that it has joined hands with Google Cloud in improving artificial intelligence (AI) and cloud computing capabilities.
SK hynix expects significant increase in sales of high-end chips
Seoul, March 27 - SK hynix, the world's second-largest memory chipmaker, said on Wednesday that it expects a significant increase in the portion of its high bandwidth memory (HBM) chip sales relative to total DRAM (dynamic random-access memory) chip sales.