Microsoft unveils 2 custom-designed chips to drive AI innovations
San Francisco, Nov 16 - Heating up the AI race, Microsoft has unveiled two in-house, custom-designed chips and integrated systems that can be used to train large language models.
BSE posts 4-fold jump in Q2 net profit
Mumbai, Nov 11 - BSE, the country’s leading stock exchange, has posted a four-fold jump in net profit at Rs 118.4 crore for the July-September quarter of the current financial year.
US one step closer to losing last AAA credit rating
New York, Nov 11 - The US is one step closer to losing its last perfect credit rating after Moody’s Investors Service changed the outlook of the nation’s debt to negative.
Pakistan stock market hits all-time high
Karachi, Nov 11 - The Pakistan Stock Exchange (PSX) had jumped past the 55,000 barrier, setting a new milestone.
Tech firms & startups sack about 2.5 lakh employees so far in 2023
New Delhi, Nov 11 - Nearly 2.5 lakh employees have been laid off so far this year in the global technology and startup sector, as the tech layoffs continue unabated for the past two years.
Warren Buffett privately traded in stocks that Berkshire was buying & selling: ProPublica probe
San Francisco, Nov 11 - Ace billionaire investor Warren Buffett traded stocks in his personal account on at least three occasions before his company Berkshire Hathaway bought or sold the same stocks, a ProPublica investigation has claimed.
FPI selling which started in Sep showing no signs of reversing in Nov
New Delhi, Nov 11 - The FPI selling trend which started in September continued in October and is showing no signs of reversing in November even though the intensity of selling has come down this month, says V.K. Vijayakumar, Chief Investment Strategist at
Direct tax collections record 17.6% rise to Rs 12.37 lakh cr
New Delhi, Nov 10 - The country’s gross direct tax collections have risen to Rs 12.37 lakh crore mark as of November 9 during the current financial tear which represents a 17.59 per cent increase over the same period of the previous year,
IndiGo announces codeshare extension with Qantas
New Delhi, Nov 10 - IndiGo on Friday announced extension of its codeshare agreement with Australian flag carrier Qantas.
Users can shop on Pincode using ONDC Gift Cards this Diwali
New Delhi, Nov 10 - Pincode, a local shopping app developed on the ONDC (Open Network for Digital Commerce) Network, on Friday announced that customers can elevate their festive shopping experience by using the newly launched ONDC Gift Cards on the app.
M&M drives with Q2 PAT of Rs 3,451.88 cr
Chennai, Nov 10 - Automobile major Mahindra & Mahindra (M&M) Ltd closed the second quarter of FY24 with a higher net profit of Rs 3,451.88 crore.
ED attaches properties worth Rs 67.23 cr of Kunal Gupta in fake call centre fraud by Met Technologies
New Delhi, Nov 10 - The Enforcement Directorate (ED) on Friday said that it has attached movable and immovable assets to the tune of Rs 67.23 crore belonging to Kunal Gupta, his family members, companies and his associates in the case of fake
Black Box EBITDA for the quarter doubles on year on year basis to Rs 101 cr
New Delhi, Nov 10 - Black Box Limited announced its unaudited financial results for the quarter and half year ended September 30, 2023.
ED attaches three properties of Hero Motocorp CMD & Chairman Pawan Munjal
New Delhi, Nov 10 - In a massive action against the Hero Moto Corp CMD and Chairman, Pawan Munjal, the Enforcement Directorate (ED) on Friday said that it has attached three immovable properties located in Delhi worth Rs 24.95 crore.
NASA worked with Mphasis company Blink UX to revamp user experience
Bengaluru, Nov 10 - NASA collaborated with Blink UX, an Mphasis company, to release its updated website after two years of rigorous user experience research, strategy and design.
Black Box strengthens India presence with new Center of Excellence
New Delhi, Nov 10 - Black Box Limited (formerly AGC Networks Limited), a trusted IT solutions provider announced the inauguration of its new Center of Excellence in Bengaluru.
Private promoter holding slumps to 4-yr low
New Delhi, Nov 10 - The share of private promoters in companies listed on NSE declined to a 4-year low of 41.55 per cent as on September 30, 2023, according to Primeinfobase, an initiative of Prime Database Group.
Investors should exercise caution in small & mid-cap stocks, say analysts
New Delhi, Nov 10 - The mid and small-cap rally is partly driven by retail exuberance and since the valuations in this broader market are high, investors have to exercise some caution, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Amagi acquires Tellyo’s biz to boost live sports, news broadcast
Bengaluru, Nov 10 - Cloud-based SaaS technology platform Amagi will acquire the business of Tellyo, a leading real-time live cloud remote production, clipping/editing and social sharing platform, for an undisclosed sum.
Gaming company Unity likely to layoff employees to cut costs
San Francisco, Nov 10 - Game development software company Unity has announced that it will “likely” go for layoffs as part of cost-saving measures.