Month: July 2024

This photo combo of images shows logos for Apple, Meta, Google and Amazon (AP)
Posted in Business

Here’s how much Big Tech giants like Google, Microsoft, Apple, and Amazon spent on AI

Global investments in artificial intelligence (AI) are estimated to hit $1 trillion in the coming years, with tech giants such as Google, Microsoft, Apple, and…

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Adani group chairman Gautam Adani.(ANI)
Posted in Business

Gautam Adani considers investing in Vietnam’s airports: What we know so far

Jul 31, 2024 02:32 PM IST The statement comes after a meeting in Delhi on the same day between Vietnamese Prime Minister Pham Minh Chinh…

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Last-minute ITR filers face glitches galore on income tax portal: ‘Infosys got ₹4,200 crore for this?’ | Trending
Posted in Business

Last-minute ITR filers face glitches galore on income tax portal: ‘Infosys got ₹4,200 crore for this?’ | Trending

Jul 31, 2024 02:53 PM IST ITR filing last date: The income tax return filing season for 2024-25 ends on July 31 for all categories…

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Ola Electric CMD Bhavish Aggarwal addresses the media during the announcement of the company's forthcoming initial public offering (IPO), in Mumbai.(PTI)
Posted in Business

Ola ‘copied’ MapMyIndia’s data? Bhavish Aggarwal says ‘very opportunistic’

Jul 31, 2024 02:27 PM IST CE Info Systems, the parent company of MapMyIndia alleged that Bhavish Aggarwal’s Ola ‘copied’ its data for creating Ola…

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UK Islamist preacher Anjem Choudary handed life sentence
Posted in UK News

UK Islamist preacher Anjem Choudary handed life sentence

A British court sentenced radical Islamist preacher Anjem Choudary to life in prison on Tuesday for directing a terrorist organisation. It comes after Choudary was…

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Microsoft outage: A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France.(Reuters)
Posted in Business

Microsoft suffers new outage, says cyberattack triggered it: What we know so far

Jul 31, 2024 02:04 PM IST Microsoft outage: The outage lasted almost 10 hours and caused thousands of users to report issues with Microsoft services….

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The power and industrial equipment manufacturer reported a net loss of 2.13 billion rupees ($25.44 million) for the quarter ended June 30 from a net loss of 2.12 billion rupees a year ago.
Posted in Business

BHEL posts slightly bigger quarterly loss as expenses spike

Jul 31, 2024 01:53 PM IST BHEL reported a net loss of 2.13 billion rupees ($25.44 million) for the quarter ended June 30 from a…

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Ambuja Cements recorded a 30.54% fall in net profit (Reuters)
Posted in Business

Ambuja Cements Q1 2024-25 results: Net profit falls 30.45%, revenue down 4.6%

Ambuja Cements Ltd has released its first quarter results for the financial year 2024-25 on Wednesday, July 31, 2024. Ambuja Cements recorded a 30.54% fall…

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India GDP: Ind-Ra ups FY25 GDP growth forecast to 7.5%
Posted in Economy

India GDP: Ind-Ra ups FY25 GDP growth forecast to 7.5%

India Ratings & Research (Ind-Ra) on Wednesday upped India’s GDP growth forecast for the current fiscal to 7.5 per cent from 7.1 per cent projected…

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Intel layoffs: Intel logo is seen near computer motherboard.(Reuters)
Posted in Business

Intel plans to cut thousands of jobs. Will layoffs take place in Bengaluru and Hyderabad as well?

Jul 31, 2024 12:22 PM IST Intel layoffs: The company has not officially announced the layoffs and may do so as early as this week,…

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