Divi’s Lab posts 17% rise in Q3 net profit to Rs 358 crore
Mumbai, Feb 10 - Pharma major Divi's Laboratories on Saturday reported a 17 per cent increase in its consolidated net profit to Rs 358 crore for the October-December quarter of the current financial year compared to the corresponding figure of Rs 306 crore
Microsoft ends week with $3.125 tn MCap, becomes most valuable company ever
New York, Feb 10 - Microsoft ended the week with a market capitalisation of $3.125 trillion, the highest for any company ever, Barron’s reported.
German chemicals firm BASF to withdraw from Xinjiang after Uyghur abuse claims
London, Feb 10 - The German chemicals producer BASF has said it will withdraw from its two joint ventures in Xinjiang, after reports about alleged human rights abuses relating to its partner company, which BASF’s CEO said crossed a red line, media reported.
$300 bn electronics production in few years a realistic, achievable target: IT Minister
New Delhi, Feb 10 - India has embarked on the journey to reach $300 billion electronics production, including $100 billion in exports, in the coming few years which is a realistic and achievable target for the government, Union Minister for Electronics and IT
Sovereign Gold Bonds to be issued from Feb 12-16
New Delhi, Feb 10 - Finance Ministry on Friday said that the Sovereign Gold Bonds 2023-24 (Series IV) will be opened for subscription during February 12-16, with settlement date as February 21.
US announces over $5 bn investment in chip-related R&D, skill development
Washington, Feb 10 - The Joe Biden-Kamala Harris administration has announced to invest over $5 billion in semiconductor-related research, development and workforce needs.
OpenAI generating 100 bn words per day: Sam Altman
New Delhi, Feb 10 - ChatGPT maker OpenAI is currently generating about 100 billion worlds per day, its Co-founder and CEO Sam Altman revealed on Saturday, as he seeks trillions of dollars to reshape the future of chips and artificial intelligence (AI).
Regularly monitoring compliances of intermediaries with new IT rules: MoS IT
New Delhi, Feb 9 - The government on Friday said it is regularly monitoring the compliances of intermediaries with the IT Rules, 2021 and the direction given in the latest advisory by the IT Ministry.
MRF logs Q3 PAT of Rs 508.02 cr, declares second interim dividend
Chennai, Feb 9 - Closing the third quarter with a net profit of Rs 508.02 crore, tyre major MRF Ltd has declared second interim dividend of Rs 3 per equity share.
Samsung Galaxy Book 4 series set to launch in India this month
New Delhi, Feb 9 - Samsung is all set to launch its Galaxy Book4 series of notebooks in India this month. Sources told IANS that Samsung will likely announce pre-bookings of its Galaxy Book4 series in the middle of February, and the new
India’s foreign exchange reserves jump by $5,7 bn
Mumbai, Feb 9 - India’s foreign exchange reserves jumped by $5.7 billion to $622.5 billion for the week ended February 2, RBI data released on Friday showed.
PhonePe to launch Indus Appstore in New Delhi on Feb 21
New Delhi, Feb 9 - PhonePe is set to launch the Indus Appstore consumer app on February 21 in the capital.
Centre to sign pact with TERI for institute for energy transition: R.K. Singh
New Delhi, Feb 9 - The Union Power Ministry intends to sign a memorandum of agreement with The Energy and Resources Institute (TERI) for setting up an institute for energy transition at TERI campus in Hyderabad, Union Power and New and Renewable Energy
US dollar strengthening again as Wall Street accepts that interest rate cuts are coming later than expected
New York, Feb 9 - The US dollar greenback is strengthening again after a bumpy 2023, as Wall Street accepts that interest rate cuts are coming later than previously expected, a media report said.
Financial prosecutors raid Huawei offices in France
Paris, Feb 9 - The French offices of Chinese tech giant Huawei were searched this week, the company confirmed on Friday, saying it is fully cooperating with the authorities, a media report said.
Snapchat faces major outage globally, including India
New Delhi, Feb 9 - Popular social media platform Snapchat on Friday suffered a major outage globally, including in India, with users reporting that they were unable to send messages, including texts and snaps, to each other.
Licious lays off 3% of its workforce amid restructuring exercise
New Delhi, Feb 9 - Direct-to-consumer (D2C) foodtech platform Licious is laying off nearly 3 per cent of its workforce, around 80 employees, as part of a restructuring exercise.
Musk plans to discontinue phone number, only X for texts, calls
New Delhi, Feb 9 - Tech billionaire Elon Musk on Friday said that he plans to discontinue his phone number and use only social media platform X for messages, audio and video calls.
Pinterest announces new ad deal with Google, reaches 498 mn monthly users
San Francisco, Feb 9 - Photo-sharing social media platform Pinterest has announced its next third-party ad integration with Google, as it reached an all-time record of 498 million monthly active users globally.
Ex-PhonePe CEO’s startup Paymart to offer ‘virtual ATM’, partners 5 Indian banks
New Delhi, Feb 9 - Former PhonePe CEO Amit Narang's fintech startup Paymart on Friday said that it has partnered with five Indian banks to offer its innovative virtual, cardless, and hardware-less cash withdrawal service.