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Jack Dorsey’s Tidal lays off over 10% of workforce

Dec 7, 2023

San Francisco, Dec 7 (IANS) Music streaming platform Tidal has laid off more than 10 per cent of its workforce, or about 40 employees.The majority of the company is owned by tech billionaire Jack Dorsey-led digital payments company Block.Tidal's layoffs are part of Block's declared goal of limiting its entire employment count to 12,000. Block,…

SpiceJet mulling equity raise amidst financial turbulence, board meeting on Dec 11

Dec 7, 2023

New Delhi, Dec 7 (IANS) SpiceJet will deliberate on raising fresh capital through the issue of equity shares in its Board meeting on December 11, according to a stock exchange filing."This is to inform you that the Board of Directors of the…

Business

Profit booking expected at higher levels

Dec 7, 2023

New Delhi, Dec 7 (IANS) In spite of favourable factors, there will be dips in the market triggered by profit booking at higher levels, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.There are three factors…

Business

Apple joins AI race with releasing model framework for its silicon chips

Dec 7, 2023

New Delhi, Dec 7 (IANS) As artificial intelligence (AI) takes centre-stage across companies, Apple’s machine learning research team has released frameworks and model libraries designed to run on its silicon chips.The company released MLX, a…

Business

Post election results, ensuing rally has steam to continue

Dec 7, 2023

New Delhi, Dec 7 (IANS) The results of five state elections have provided a major booster dose to the markets and saw them building on the rally which was already underway. The BSESENSEX in the three days post the results has rallied…

Business

Former Twitter security head sues Musk, X over unlawful sacking

Dec 7, 2023

San Francisco, Dec 7 (IANS) Former Twitter IT security head Alan Rosa has filed a lawsuit against X, its owner Elon Musk and company adviser Steve Davis, alleging that he was sacked for protesting cost-cutting measures at the company that…

Business

NFRA debars two CAs for lapses in DHFL audit

Dec 7, 2023

Mumbai, Dec 6 (IANS) The National Financial Reporting Authority (NFRA) has debarred two statutory auditors of erstwhile Dewan Housing Finance Corporation Ltd (DHFL) for 10 years and five years respectively, and imposed fines on them for…

Business

US firm Waters Corporation opens Global Capability Center in Bengaluru with $16 mn investment

Dec 7, 2023

Bengaluru, Dec 6 (IANS) US firm Waters Corporation, an analytical laboratory instrument and software company, inaugurated its new Global Capability Center (GCC) in Bengaluru’s RMZ Ecoworld technology park on Wednesday.The new $16 million…

Business

K’taka govt invites startups to provide tech solutions

Dec 7, 2023

Bengaluru, Dec 6 (IANS) The Karnataka government on Wednesday invited startups to provide tech products and solutions for the government departments. “In tune with its policy to create innovation and collaboration opportunities for…

Business

Xiaomi launches Redmi 13C Series with 50MP AI dual camera in India

Dec 6, 2023

New Delhi, Dec 6 (IANS) Global technology brand Xiaomi on Wednesday launched the Redmi 13C Series with a 50MP AI dual camera in India. Available in three colour options -- Startrail Silver, Startrail Green, and Starlight Black, the Redmi…

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