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Musk’s AI firm xAI raises $6 bn to boost research, development of future tech

May 27, 2024

New Delhi, May 27 (IANS) Elon Musk-run artificial intelligence (AI) company xAI said on Monday that it raised $6 billion to accelerate the research and development of future technologies. The AI firm shared the development on X, and responding to this, the tech billionaire said, "There will be more to announce in the coming weeks."In another post,…

Sensex trades higher after opening at record level

May 27, 2024

Mumbai, May 27 (IANS) India equity benchmarks opened at record levels on Monday following positive action in global peers.At the opening, Senex and Nifty hit new all-time highs of 75,679 and 23,043 respectively.At 10.20 a.m., Sensex was up…

Business

Nazara Tech promoter sells 6.3 pc equity to Plutus Wealth Management

May 27, 2024

New Delhi, May 27 (IANS) Gaming and sports media platform Nazara Technologies, on Monday, said that its promoter Mitter Infotech has sold 48.84 lakh equity shares, or 6.36 per cent of its stake in the company, to Plutus Wealth Management.…

Business

Hyundai Glovis to adopt emission reduction system for PCTCs from next year

May 27, 2024

Seoul, May 27 (IANS) Hyundai Glovis, the logistics unit of Hyundai Motor Group, said on Monday it has signed a deal with Stax Engineering to adopt an emission reduction system for its pure car and truck carriers (PCTCs) as part of efforts…

Business

Docking of largest container ship shows Mundra Port’s unmatched capabilities: Karan Adani

May 27, 2024

New Delhi, May 26 (IANS) The docking of the largest container ship ever at an Indian port highlights Mundra's unmatched capabilities and a testimony to the company’s nation-building efforts, Karan Adani, Managing Director, Adani Ports and…

Business

With last phase of voting left, market volatility would increase

May 26, 2024

New Delhi, May 26 (IANS) Markets were on a roll, and they had plenty of action and drama as well in the week gone by. The previously announced holiday on Thursday, on account of Buddha Purnima, was cancelled by the exchanges on Monday,…

Business

Musk’s X has paid over $50 million in ad sharing to 150K creators: CEO

May 26, 2024

New Delhi, May 26 (IANS) Elon Musk-run X has paid more than $50 million in ad sharing to creators on its “video-first” platform, its CEO Linda Yaccarino has announced.When Twitter was acquired by Musk in October 2022, it was basically a…

Business

Homegrown HireMee helps 7 lakh small-town youth receive talent assessment for free

May 26, 2024

Bengaluru, May 26 (IANS) Indian edtech platform HireMee has helped over 7,00,000 talented small-town youth get assessed at no cost by assessing them free of cost and connecting them with potential employers, the company said on…

Business

FII buying, Q4 results key factors for stock market next week

May 26, 2024

Mumbai, May 26 (IANS) Indian equity markets closed at an all-time high last week. The Nifty and Sensex hit new peaks on Friday, with the Nifty surpassing the 23,000 mark for the first time. Similarly, the Sensex shot up by 1,400 points to a…

Business

Google plans India manufacturing after introducing industry-leading Pixel 8a

May 26, 2024

New Delhi, May 26 (IANS) Google, which just launched its new device Pixel 8a with industry-leading features, is apparently looking at India to manufacture its smartphones via investing billions of dollars.The company is reportedly looking…

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