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$173 mn lost in crypto so far in November: Report

Nov 20, 2023

New Delhi, Nov 20 (IANS) The month of November has witnessed a loss of $173 million in cryptocurrency so far, with two incidents making up 91 per cent of the losses.According to the blockchain and smart contract security company CertiK, November has already registered the fourth-highest monthly losses in 2023.This surge was driven by the recent…

Retail investor exuberance pushing up broader market

Nov 20, 2023

New Delhi, Nov 20 (IANS) Retail investor exuberance is pushing up the broader market. Investors should not be blinded by the recency bias and chase small caps running away without fundamental support, says V.K. Vijayakumar, Chief Investment…

Business

Apple 24‑inch iMac with M3 chip a huge leap in performance for all tasks

Nov 20, 2023

New Delhi, Nov 20 (IANS) Millions of users love Apple iMac which is the beast of a machine across daily tasks — from creativity to productivity and some high-end gaming and streaming in between. The world’s best all-in-one desktop computer…

Business

OpenAI board must tell why they sacked Sam Altman, says a ‘worried’ Musk

Nov 20, 2023

New Delhi, Nov 20 (IANS) Elon Musk on Monday said that it is very important for the public to know why OpenAI's board felt so strongly to sack Sam Altman as CEO before it aims to reinstate him after heavy backlash. The X owner and earlier…

Business

Mitigating contamination in India’s agricultural supply chain demands nuanced strategy: Deep…

Nov 20, 2023

New Delhi, Nov 20 (IANS) In a recent research report by Environment Management and Policy Research Institute (EMPRI), it was revealed that the use of wastewater for cultivating vegetables has led to a heightened concentration of heavy…

Business

GM subsidiary Cruise’s Co-founder & CEO Kyle Vogt quits

Nov 20, 2023

San Francisco, Nov 20 (IANS) Kyle Vogt, co-founder and CEO of GM’s self-driving car subsidiary Cruise, has resigned, in less than a month after the California Department of Motor Vehicles (DMV) suspended Cruise’s deployment and driverless…

Business

Talks between Sam Altman, OpenAI in final stage for his return as CEO

Nov 20, 2023

San Francisco, Nov 20 (IANS) The suspense over Sam Altman’s return as the CEO of OpenAI continued on Monday as OpenAI leaders and investors sought to reinstate Altman at the company which unceremoniously sacked him on November 17.The final…

Business

Edtech unicorn PhysicsWallah lays off over 100 employees (Lead)

Nov 20, 2023

New Delhi, Nov 19 (IANS) Edtech company PhysicsWallah (PW) on Sunday said it is laying off 70 to 120 employees, a first job cut at the company which turned unicorn last year.In a statement, the company said it regularly assesses performance…

Business

Primary market splurge – Five issues on offer, choose wisely

Nov 19, 2023

New Delhi, Nov 19 (IANS) The Diwali week continued bringing good tidings for investors and Dalal Street even after ‘Muhurat’ trading on Sunday the 12th of November. The week saw gains on two of the four trading sessions but the weekly gains…

Business

S.Korean EV battery makers’ R&D investment up 12.5% this year

Nov 19, 2023

Seoul, Nov 19 (IANS) South Korean battery makers' combined research and development (R&D) investment this year has climbed over 12 per cent on-year despite a slowdown in global demand for electrified vehicles, industry data showed on…

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