Celebrating realme’s 200 mn global shipments: A success story in smartphone industry
New Delhi, Dec 5 - realme, a rapidly growing smartphone brand in India, has recently announced a significant achievement -- its global smartphone shipments have successfully surpassed the 200 million units mark. This milestone was highlighted in Counterpoint's latest whitepaper, titled "Smartphone Democratisation
Mark Zuckerberg sells nearly $190 mn in Meta’s shares
San Francisco, Dec 4 - Meta Founder and CEO Mark Zuckerberg sold around $190 million in the company’s stock last month, the media reported.
Gen Z in India to lead key trends on Instagram in 2024
New Delhi, Dec 4 - Gen Z in India will lead the key trends on Instagram next year, from prioritising careers to being super on point with meme preferences, and exploring a variety of food flavours, the Meta-owned company said on Monday.
‘With more than 5% move in Nov, Nifty index looks to be 13% overvalued’
New Delhi, Dec 1 - The Nifty-50 index was up 5.6 per cent in November. A report by Kotak Institutional Equities said that "as per our 'Nifty fair value' model that accounts for changes in index valuation by looking at expected growth, bond
Tech Mahindra, AWS join hands to build a sports cloud platform
New Delhi, Nov 27 - Tech Mahindra on Monday announced it has collaborated with Amazon Web Services (AWS) to build a sports cloud platform.
Nvidia becomes biggest semiconductor firm in Q3, beats Intel, Samsung, TSMC
San Francisco, Nov 27 - Graphics chip giant Nvidia has become the most profitable semiconductor firm in the third quarter (Q3) of this year, surpassing Intel, Samsung, and Taiwan Semiconductor Manufacturing Company (TSMC).
FIIs not putting incremental flows into India midcap stocks since Aug
New Delhi, Nov 27 - The big deployment by foreigners into India Midcap funds peaked in the week ending September 13. They haven’t done any incremental deployment since the past two months, as per a report by Elara Securities.
Crayon launches 1st ISV incubation centre in India with AWS
New Delhi, Nov 29 - Crayon Software Experts India (Crayon) on Wednesday announced the launch of an independent software vendor (ISV) incubation centre in Bengaluru in collaboration with Amazon Web Services (AWS).
India’s equity derivatives growth in fast-lane
New Delhi, Nov 27 - India is the third-largest market in terms of cash market volumes and the largest market for equity derivatives. Surge in investor participation and sachetization of equity derivatives has lifted derivatives volumes to 20-30x that of developed markets, foreign
Americans may be forced to finally pull back on their post-Covid spending spree
New York, Nov 27 - Some experts think the combination of high housing costs, rising credit card debt and shrinking savings could mean the end of post-Covid splurges, maybe even as soon as this year’s holiday shopping season, the media reported.
TikTok parent ByteDance begins mass layoffs in gaming division
San Francisco, Nov 27 - Bytedance, TikTok parent company, has started mass layoffs in its gaming division, and several Nuverse employees were awaiting their future, the media reported.
Samsung unveils new unit to explore new business opportunities
Seoul, Nov 27 - Samsung Electronics, the world's largest maker of memory chips and smartphones, said on Monday it has established a unit tasked with exploring new business opportunities, as part of the electronics giant's annual reshuffle of its top-level executives.
Russia adds Meta spokesperson to its criminal wanted list
Moscow, Nov 27 - Russian Ministry of Internal Affairs has put Meta spokesperson Andy Stone to its wanted list under a criminal article.
Generative AI to replace 46% of time spent on accounting tasks in India
New Delhi, Nov 27 - Generative AI has the potential to automate 46 per cent of time spent on accounting tasks in India by 2032, a new report showed on Monday.
China investigates major shadow bank Zhongzhi for crimes
Singapore, Nov 27 - Chinese officials have launched an investigation into one of the country's biggest shadow banks, which has lent billions to real estate firms, the media reported.
2 crypto firms linked to Justin Sun lose $115 mn after hack: Report
San Francisco, Nov 25 - Two cryptocurrency firms associated with high-profile digital entrepreneur Justin Sun were hacked in two exploits that might have stolen up to $115 million to date, the media reported.
AIBEA defers two strike calls, retains all India call for 19-20 January 2024
Chennai, Nov 25 - The All India Bank Employees' Association (AIBEA) on Saturday said it has deferred its bank wise and state wise strike call given earlier demanding adequate recruitments by the banks.
Of the takeover of hospitals & hotels by TN hospital groups
Chennai, Nov 25 - The healthcare sector in Tamil Nadu is seeing a state of consolidation and expansion with major home grown groups on an acquisition spree.
Govt makes phased blending of compressed bio-gas with CNG, PNG mandatory
New Delhi, Nov 25 - The National Biofuels Coordination Committee chaired by the Union Petroleum Minister has announced the introduction of phase-wise mandatory blending of Compressed Bio-Gas (CBG) in CNG (transport) and PNG (domestic cooking) segments of the city gas distribution sector.
Liberal media more negative towards AI than conservative media: Study
New York, Nov 25 - Articles from liberal-leaning media have a more negative sentiment toward AI than articles from conservative media, new research has found.