Edtech company Simplilearn rejigs top leadership with 2 appointments
Bengaluru, Jan 12 - Digital upskilling platform Simplilearn on Friday appointed Mark Moran as Chief Marketing Officer (CMO) and Veerasundar V as Chief Financial Officer (CFO), in a bid to expand its future growth.
OpenAI-backed 1X raises $100 mn to build next-gen humanoid robots
San Francisco, Jan 12 - Norwegian robotics startup 1X Technologies, backed by OpenAI, has raised $100 million in its series B funding round led by EQT Ventures.
BlackRock reduces Byju’s valuation to mere $1 billion
New Delhi, Jan 12 - US-based investment firm BlackRock has once again cut the value of its holding in Byju's, reducing the edtech major's valuation to a mere $1 billion from $22 billion in early 2022.
Discord laying off 170 employees due to ‘over-hiring’
New Delhi, Jan 12 - Popular teenage chat platform Discord is laying off 17 per cent of its workforce, or about 170 employees, across various departments.
Amazon-owned Audible lays off over 100 employees
San Francisco, Jan 12 - Amazon-owned audiobook and podcast division Audible is laying off 5 per cent of its staff, more than 100 employees, as part of overall job cuts at the e-commerce giant.
Micron CEO Sanjay Mehrotra meets Telangana CM
Hyderabad, Jan 11 - Micron Technology President and CEO Sanjay Mehrotra met Telangana Chief Minister A. Revanth Reddy at the latter’s residence in Hyderabad on Thursday and discussed investment prospects in the state.
Microsoft overtakes Apple to become world’s most valuable company
London, Jan 11 - Microsoft has upstaged Apple to become the world’s biggest company by market value, as the boom in artificial intelligence brought a new twist to the decades-long rivalry between the two Big Tech groups, media reports said.
Google eliminates hundreds of jobs across hardware, engineering teams
San Francisco, Jan 11 - Google on Thursday confirmed it has cut several hundred jobs across hardware, core engineering and Google Assistant teams.
LIC receives Income Tax demand order of Rs 3,528 crore
New Delhi, Jan 11 - Life Insurance Corporation of India has received orders for Rs 3,528 crore from Income Tax authorities regarding Income Tax demand issued by Assistant Commissioner of Income Tax, Mumbai.
Oil prices rise following oil tanker hijacking in Gulf of Oman
New Delhi, Jan 11 - Tensions in the Middle Eastern shipping lanes continued to run high on Thursday amid reports of a hijacked oil tanker in the Gulf of Oman, which was boarded by masked individuals and forced to alter course toward Iran,
Polycab shares crash 21% amid tax row
Mumbai, Jan 11 - Shares of Polycab India crashed by 21 per cent on Thursday after the Income Tax Department’s statement that about Rs 1,000 crore in undisclosed sales had been detected in the recent raid on the wire and cables manufacturing company.
Rupee edges up against US dollar
Mumbai, Jan 11 - The rupee edged up by 2 paise vis-a-vis the US dollar to close at 83.01 on Thursday, making it the seventh consecutive day of gain for the Indian currency.
Vaishnaw confirms Tata Group’s semiconductor project in Gujarat
Ahmedabad, Jan 11 - Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, announced on Thursday that the Tata Group's upcoming investment in semiconductor fabrication in Gujarat is set to be substantial.
Haryana CM interacts with representatives of 10 companies from Japan, US
Gandhinagar, Jan 11 - Haryana Chief Minister Manohar Lal Khattar on Thursday held one-on-one discussions with representatives of about 10 major companies from Japan and the US, inviting them to invest in the state.
US aviation watchdog to probe Boeing’s quality control
Washington, Jan 12 - The US Federal Aviation Administration (FAA) has formally notified Boeing in a letter that it is conducting an investigation into the American aircraft maker's quality control after the January 5 Alaska Airlines in-flight blowout incident.
Govt cracking down on firms making false eco-friendly claims on products
New Delhi, Jan 11 - The Department of Consumer Affairs is preparing new guidelines to protect consumers from ads making fake environmental claims about products by using terms such as "eco-friendly", "green", "eco-consciousness", "good for the planet" without providing verifiable evidence.
US inflation climbs faster than expected in December
New York, Jan 11 - Inflation in the US rose more than expected in December thanks to a jump in energy and housing costs, underscoring the challenge of taming price pressures within the economy, reports said.
Netflix’s ad tier crosses over 23 mn monthly active users: Report
San Francisco, Jan 11 - Streaming giant Netflix is witnessing strong growth of its advertising-based plan, as the president of advertising, Amy Reinhard, said that the platform has recently crossed more than 23 million global monthly active users, the media reported.
GIFT city has emerged as financial powerhouse: Sitharaman at Vibrant Gujarat Summit
Ahmedabad, Jan 11 - During the second day of the ‘Vibrant Gujarat Global Summit’, Finance Minister Nirmala Sitharaman delivered an overview of Gujarat International Finance Tec-City's (GIFT City) financial ecosystem.
Spot Bitcoin ETFs may follow the footstep of gold ETFs in long run: Experts
New Delhi, Jan 11 - The approval of spot Bitcoin exchange-traded funds (ETFs) in the US not only symbolises a maturing market but also signifies support from regulatory authorities, industry experts said on Thursday.