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Info Edge lost Rs 532 cr from its investment in Rahul Yadav’s 4B Networks: Report

Nov 8, 2023

New Delhi, Nov 8 (IANS) Tech and Internet company Info Edge lost around Rs 532 crore after writing off its investment in Rahul Bhoopsingh Yadav’s Broker Network (4B Networks Private Limited), according to reports.While Info Edge’s cash infusion in Broker Network was Rs 288 crore, the rest is the notional loss from a higher valuation that the…

IBM launches $500 mn venture fund to invest in range of AI firms

Nov 8, 2023

New Delhi, Nov 8 (IANS) IT major IBM on Wednesday announced that it is launching a $500 million venture fund to invest in a range of artificial intelligence (AI) companies -- from early-stage to hyper-growth startups -- focused on…

Business

OP Jindal Global University collaborates with 15 leading universities of the world in 10 countries

Nov 8, 2023

Sonipat, Nov 8 (IANS) O.P. Jindal Global University (JGU), Sonipat has established comprehensive and substantive international collaborations with 15 prestigious universities in 10 countries across the globe.These are highlighted below:1.…

Business

No selling pressure in broader market since FII selling confined to large-caps

Nov 8, 2023

New Delhi, Nov 8 (IANS) The tug of war between the FIIs and DIIs continues with sustained selling by the FIIs and sustained buying by the DIIs, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.Since the buy on…

Business

HONOR 90 UI: Redefining elegance with bloatware-free experience

Nov 8, 2023

New Delhi, Nov 8 (IANS) HONOR 90 runs on Magic OS 7.1, the latest iteration of HONOR’s UI. HONOR 90's MagicOS 7.1 provides a clean and clutter-free user interface, ensuring that users can navigate their smartphones without unnecessary…

Business

Uber logs 11% growth in sales at $9.3 bn in Q3, 27 mn trips per day

Nov 8, 2023

San Francisco, Nov 8 (IANS) Ride-hailing service Uber registered 11 per cent growth in revenue at $9.3 billion for the third quarter (Q3) this year, with a net income of $221 million. Gross bookings grew 21 per cent year-over-year to…

Business

WhatsApp could introduce ads in Status and Channels: Report

Nov 8, 2023

San Francisco, Nov 8 (IANS) Meta-owned WhatsApp head Will Cathcart has reportedly said that the popular messaging platform could show ads in Status, the platform’s Stories-like feature, and channels but not in the main inbox.In an interview…

Business

Microsoft using Oracle Cloud infrastructure to help with Bing chat

Nov 8, 2023

San Francisco, Nov 8 (IANS) Cloud major Oracle has announced a multi-year agreement with tech giant Microsoft to support the growth of AI services, especially AI chatbot Bing.Microsoft is using Oracle Cloud Infrastructure (OCI) AI…

Business

IndiGo anticipates increased groundings in Q4 due to Pratt & Whitney’s powder metal issue

Nov 8, 2023

New Delhi, Nov 7 (IANS) IndiGo on Thursday said that following additional information on powder metal issue from Pratt & Whitney and based on the airline's preliminary assessment, it is anticipated that Aircraft on Ground (AOG) to be in…

Business

Malaysia Airlines to fly to Thiruvananthapuram

Nov 7, 2023

Thiruvananthapuram, Nov 7 ( IANS) The Thiruvananthapuram International Airport is all set to receive its first direct flight from Kuala Lumpur, the capital city of Malaysia on Thursday.The flight will be operated by Malaysia’s flag carrier…

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