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Mukesh Ambani`s Reliance asks India to review reach of Elon Musk`s Starlink, Amazon Billionaire Mukesh Ambani's Reliance has asked India's telecom regulator to review the potential reach of Elon Musk's Starlink and Amazon's Kuiper before awarding satellite spectrum amid concerns local players could suffer, a letter showed on Friday. Reliance's letter, which is not public, is Ambani's last-ditch effort in an ongoing face-off with Musk over how India should grant spectrum for satellite services. While Reliance has called for an auction, India has sid...
Mukesh Ambani`s Reliance asks India to review reach of Elon Musk`s Starlink, Amazon
Mukesh Ambani`s Reliance asks India to review reach of Elon Musk`s Starlink, Amazon
Source: Reuters
2024-11-16 08:59:56 am
Reliance, Walt Disney close $8.5 billion merger of Indian media assets  Reliance Industries and Walt Disney on Thursday completed the $8.5 billion merger of their Indian media assets, which have been split into three divisions, with each unit having its own CEO. The companies said the newly formed divisions are entertainment, which houses Reliance's Colours TV channels and Disney's Star; digital, home to online streaming platforms JioCinema and Hotstar, and sports. Former Google executive Kiran Mani, who leads JioCinema, will take charge of th...
Reliance, Walt Disney close $8.5 billion merger of Indian media assets
Reliance, Walt Disney close $8.5 billion merger of Indian media assets
Source: Reuters
2024-11-15 09:30:47 am
Big Tech companies gear up for major policy changes under Donald Trump US President-elect Donald Trump has strong relationships with Big Tech CEOs like Elon Musk and has talked about positive relationships with Amazon Founder Jeff Bezos and Meta Co-founder Mark Zuckerberg.  Other support from Silicon Valley comes from the disdain for Lina Khan, Biden’s strong anti-trust FTC chair who has been very hard on Big Tech, according to a report by Counterpoint Research. “With a potentially more business-friendly FTC chair during the Trump administ...
Big Tech companies gear up for major policy changes under Donald Trump
Big Tech companies gear up for major policy changes under Donald Trump
Source: IANS
2024-11-11 09:30:46 am
Flipkart`s logistics arm Ekart sees 5-fold surge in net loss at Rs 1,718 crore in FY24 E-commerce platform Flipkart's logistics arm reported a more than five times surge in its net losses to Rs 1,718.4 crore last fiscal (FY24), compared to Rs 324.6 crore in the previous fiscal (FY23).   Instakart Services, which operates Ekart Logistics, also clocked a 5 per cent revenue decline at Rs 12,115.3 crore in FY24, compared to Rs 12,787.4 crore in the year-ago period. The expenses rose by over 6 per cent to Rs 14,149.4 crore from Rs 13,325 crore. Total income narrowed b...
Flipkart`s logistics arm Ekart sees 5-fold surge in net loss at Rs 1,718 crore in FY24
Flipkart`s logistics arm Ekart sees 5-fold surge in net loss at Rs 1,718 crore in FY24
Source: IANS
2024-11-09 03:19:18 pm
From Sundar Pichai to Jeff Bezos, tech leaders look forward to working with Donald Trump Top tech industry leaders on Wednesday congratulated President-elect Donald Trump on his resounding victory in the US election.  Alphabet and Google CEO Sundar Pichai said on X social media platform that “we are in a golden age of American innovation and are committed to working with his administration to help bring the benefits to everyone”. Amazon founder Jeff Bezos posted on X: “Big congratulations to our 45th and now 47th President on an extraordinary politica...
From Sundar Pichai to Jeff Bezos, tech leaders look forward to working with Donald Trump
From Sundar Pichai to Jeff Bezos, tech leaders look forward to working with Donald Trump
Source: IANS
2024-11-07 09:53:09 am
Exclusive-Ambani`s Reliance Jio IPO set for 2025, retail debut much later, sources say  Indian billionaire Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch his retail unit's IPO much later, two people familiar with the matter told Reuters. Reliance Industries' boss Ambani hasn't updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would "move towards" a listing within five years. In recent years, Ambani, Asia's richest man, r...
Exclusive-Ambani`s Reliance Jio IPO set for 2025, retail debut much later, sources say
Exclusive-Ambani`s Reliance Jio IPO set for 2025, retail debut much later, sources say
Source: Reuters
2024-11-04 03:09:31 pm
Renaissance Global surges on launching new fashion Jewellery brand ‘Renaei’ Renaissance Global is currently trading at Rs. 173.10, up by 6.10 points or 3.65% from its previous closing of Rs. 167.00 on the BSE. The scrip opened at Rs. 164.80 and has touched a high and low of Rs. 176.25 and Rs. 164.75 respectively. So far 29810 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 188.50 on 21-Oct-2024 and a 52 week low of Rs. 87.70 on 07-Aug-2024. Last one week high and low of the scrip stood ...
Renaissance Global surges on launching new fashion Jewellery brand ‘Renaei’
Renaissance Global surges on launching new fashion Jewellery brand ‘Renaei’
Source: Accord Fintech
2024-10-30 12:25:22 pm
Billionaire Mukesh Ambani`s Reliance plays catch-up to ride India quick commerce wave Asia's richest man Mukesh Ambani is mimicking the strategy of popular Indian grocery startups to drastically change how his retail empire operates: from home deliveries that can take a day or two, his business is now targeting a 10-30 minute service. Quick commerce has reshaped how Indians shop as Zomato, SoftBank-backed Swiggy and Zepto now promise deliveries from their neighbourhood warehouses within 10 minutes, even beating Amazon. These multi-billion-dollar quick commerce businesse...
Billionaire Mukesh Ambani`s Reliance plays catch-up to ride India quick commerce wave
Billionaire Mukesh Ambani`s Reliance plays catch-up to ride India quick commerce wave
Source: Reuters
2024-10-30 09:15:29 am
Asia shares stumble on China headwinds; gold and bitcoin buoyant Asia shares eased on Wednesday on the back of weakness in China, as investors brace for a tightly contested U.S. election that could have huge ramifications for the world's second-largest economy, even as Beijing tries to shore up growth. Gold rose to an all-time high as jitters over the close U.S. presidential race supported the yellow metal, while bitcoin also flirted with a record peak as markets weigh the prospect of a victory by Republican candidate Donald Trump. MSCI's bro...
Asia shares stumble on China headwinds; gold and bitcoin buoyant
Asia shares stumble on China headwinds; gold and bitcoin buoyant
Source: Reuters
2024-10-30 08:47:38 am
Asian stocks mixed, dollar drifts before megacap earnings, jobs data Asian stocks were mixed in volatile trading on Tuesday as investors girded for three days of tech megacap earnings reports on Wall Street, kicking off with Google parent Alphabet later in the day. The dollar drifted not far from a three-month high with one of the Federal Reserve's preferred employment gauges - the JOLTS job openings report - due on Tuesday, ahead of highly anticipated monthly non-farm payrolls data on Friday. U.S. Treasury yields eased from three-month peaks. The ye...
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Source: Reuters
2024-10-29 09:15:48 am
Dollar droops with US yields, stocks mixed amid rates, election risks The dollar was on the defensive on Friday following its biggest drop in a month against major peers, as it tracked a retreat in U.S. yields from nearly three-month highs after depressed Treasury prices drew buyers. Asian stocks were mixed, with some markets tracking Wall Street gains from overnight, while Japan's Nikkei struggled after the yen rebounded strongly from a three-week trough to the dollar. Hong Kong's Hang Seng rose while mainland blue chips were flat. For the wee...
Dollar droops with US yields, stocks mixed amid rates, election risks
Dollar droops with US yields, stocks mixed amid rates, election risks
Source: Reuters
2024-10-25 09:27:49 am
Elon Musk reacts to Mukesh Ambani lobbying, calls any India move to auction satellite spectrum `unprecedented` Starlink boss Elon Musk said a move by India to auction satellite broadband spectrum, and not allocate it, would be "unprecedented", reacting to a Reuters story that rival billionaire Mukesh Ambani was lobbying for the auction route. In what is seen as a battle between the two billionaires, Starlink argues administrative allotment of licences is in line with a global trend, while Ambani's Reliance says an auction is needed for a level playing field as foreign players could of...
Elon Musk reacts to Mukesh Ambani lobbying, calls any India move to auction satellite spectrum `unprecedented`
Elon Musk reacts to Mukesh Ambani lobbying, calls any India move to auction satellite spectrum `unprecedented`
Source: Reuters
2024-10-15 02:13:03 pm
Zypp Electric`s losses surge 2.2 times to Rs 91 crore in FY24  Tech-enabled electric vehicle (EV) company Zypp Electric saw its losses increase 2.2 times to Rs 91 crore in FY24, up from Rs 40 crore in the previous fiscal.  The EV-as-a-service platform saw its EBITDA margin stood at 19.47 per cent in negative, as per its FY24 financials. Zypp Electric’s total expenditure went up 2.6 times to Rs 394 crore in FY24, compared to Rs 152 crore in FY23. The EV firm reported operational revenue at Rs 293 crore in the last fiscal, up from...
Zypp Electric`s losses surge 2.2 times to Rs 91 crore in FY24
Zypp Electric`s losses surge 2.2 times to Rs 91 crore in FY24
Source: IANS
2024-10-13 11:43:20 am
Smartphone sales grow 11 pc in India festive season`s 1st wave, Samsung leads Smartphone sales grew 11 per cent (year-over-year) in the first wave of the festive season sales in India between September 26-October 6, a report said on Tuesday.  According to latest estimates from TechInsights, South Korean electronics major Samsung led the smartphone sales volume with a 20 per cent market share. This was led by top-selling models such as Galaxy M35, Galaxy S23, Galaxy A14 and Galaxy S23 FE, etc., according to the report. The first wave of the festive season ...
Smartphone sales grow 11 pc in India festive season`s 1st wave, Samsung leads
Smartphone sales grow 11 pc in India festive season`s 1st wave, Samsung leads
Source: IANS
2024-10-09 09:57:06 am
Andrew Ng`s fund makes first India investment with AI healthcare firm Jivi  Computer scientist Andrew Ng-led AI Fund said on Tuesday it has invested in an Indian artificial intelligence healthcare firm named Jivi, the fund's first such investment in the country. India's booming AI segment is expected to grow more than double to up to $22 billion by 2027, according to a Nasscom-BCG report released earlier this year. The products and startups category is expected to account for 15-17% of the market, tying for the highest share along with financial serv...
Andrew Ng`s fund makes first India investment with AI healthcare firm Jivi
Andrew Ng`s fund makes first India investment with AI healthcare firm Jivi
Source: Reuters
2024-10-08 08:53:46 am
Nestle nominates former Amazon exec Manish Tiwary as India MD Nestle SA has nominated former Amazon India exec Manish Tiwary to replace Suresh Narayanan as the managing director of its Indian unit when he retires next year. The proposal to appoint Tiwary is subject to the board's nod, and if approved, will be effective from Aug. 1, 2025, a day after current Chairman and Managing Director Narayanan retires, Nestle India said on Monday. In August, Tiwary resigned from his role at Amazon.com, heading the e-commerce giant's India operations. P...
Nestle nominates former Amazon exec Manish Tiwary as India MD
Nestle nominates former Amazon exec Manish Tiwary as India MD
Source: Reuters
2024-10-07 03:34:10 pm
Department of Posts, Amazon to leverage postal network for faster parcel delivery  The Department of Posts and e-commerce major Amazon on Friday signed an MoU to leverage the extensive postal network for the transmission and delivery of parcels across the country.  Amazon will gain increased access to the Department’s extensive infrastructure, which includes over 1.6 lakh post offices, making it possible to reach customers even in the most remote regions. The collaboration aims to jointly explore opportunities in logistics and business expansion, enab...
Department of Posts, Amazon to leverage postal network for faster parcel delivery
Department of Posts, Amazon to leverage postal network for faster parcel delivery
Source: IANS
2024-10-04 04:26:18 pm
Small cities lead India festive season sales across e-commerce platforms Driven by rising disposable incomes, especially in the small cities and towns amid growing digital payments, the India festive season has kicked off to a roaring start, ecommerce platforms said on Monday.  Amazons said it witnessed a record 11 crore customer visits in the first 48 hours, with 80 per cent coming from tier 2 and smaller towns, during the “The Amazon Great Indian Festival 2024”. According to the company, more than three lakh unique products including appar...
Small cities lead India festive season sales across e-commerce platforms
Small cities lead India festive season sales across e-commerce platforms
Source: IANS
2024-10-01 09:08:49 am
Pluckk acquires D2C nutrition brand Upnourish Pluckk, a first-of-its-kind digital lifestyle-oriented fresh food brand, announces the acquisition of Upnourish, one of India’s fastest-growing nutrition brands.  The deal, valued at $1.4 million, marks a significant milestone for both companies, now enabling the growth of a new vertical focused on nutrition. Founded in 2021 by Aayushi and Kuonal Lakhapati, Upnourish, a venture by 23BMI Life Sciences Pvt Ltd, is revolutionising the nutrition industry with its award-winning me...
Pluckk acquires D2C nutrition brand Upnourish
Pluckk acquires D2C nutrition brand Upnourish
Source: IANS
2024-09-30 05:19:45 pm
Initiative to help Indian MSMEs start exporting in just 8 weeks launched To further enable Indian micro, small and medium enterprises (MSMEs) access global markets, the India SME Forum (ISF) on Saturday launched a new initiative to help them export in just eight weeks.  The programme, titled ‘Start Exporting in Eight Weeks’, will work with e-commerce export leaders like Amazon towards promoting ‘Make in India’ products. Shobha Karandlaje, Union Minister of State for Labour and Employment and MSMEs, said that MSMEs play a crucial ...
Initiative to help Indian MSMEs start exporting in just 8 weeks launched
Initiative to help Indian MSMEs start exporting in just 8 weeks launched
Source: IANS
2024-09-29 09:03:49 am
Labour Ministry partners with Amazon to boost job accessibility in India  The Ministry of Labour and Employment on Thursday signed a Memorandum of Understanding (MoU) with e-commerce giant Amazon in a significant step toward enhancing employment accessibility in India.  The MoU, initially set for a period of two years, makes a joint commitment to leverage the National Career Service (NCS) portal for boosting job opportunities in the country. It will, in particular, promote job opportunities for women and divyang candidates. “With our partn...
Labour Ministry partners with Amazon to boost job accessibility in India
Labour Ministry partners with Amazon to boost job accessibility in India
Source: IANS
2024-09-27 09:30:35 am
Onboard gig workers on e-Shram portal in 3 months: Centre tells platform aggregators The Centre on Wednesday asked the platform aggregators like Zomato and Ola to onboard gig workers on the e-Shram portal within the next three months to help them access social security benefits.  In a meeting with platform aggregators such as Urban Company, Swiggy and Instamart, Zomato and Blinkit, Porter, Amazon, Uber and Ola as well as organisations such as FICCI, CII and Employer’s Federation of India, Minister of Labour and Employment Dr Mansukh Mandaviya emphasised the need...
Onboard gig workers on e-Shram portal in 3 months: Centre tells platform aggregators
Onboard gig workers on e-Shram portal in 3 months: Centre tells platform aggregators
Source: IANS
2024-09-18 06:21:07 pm
Amazon appoints Samir Kumar as India operations head  E-commerce giant Amazon on Wednesday appointed Samir Kumar as the country manager for India after the abrupt exit of Manish Tiwary.  Kumar, an Amazon veteran since 1999, is expected to assume operational responsibilities for India starting October 1, according to a company update today. "Amazon's 25-year veteran Samir Kumar will oversee Amazon's India consumer business as Manish Tiwary, current Country Manager for Amazon India, has decided to explore an opportuni...
Amazon appoints Samir Kumar as India operations head
Amazon appoints Samir Kumar as India operations head
Source: IANS
2024-09-18 11:21:07 am
Amazon to enable over $13 billion in e-commerce exports from India by 2024 end Global e-commerce major Amazon on Thursday said it is on track to enable Indian businesses surpass $13 billion in cumulative e-commerce exports from India by the end of year.  The company said that as part of its ‘Amazon Global Selling’ programme launched in 2015, 1.5 lakh exporters have cumulatively sold over 40 crore ‘Made in India’ products to customers across the world. The total seller base on the programme has grown 20 per cent in the past year. Jay...
Amazon to enable over $13 billion in e-commerce exports from India by 2024 end
Amazon to enable over $13 billion in e-commerce exports from India by 2024 end
Source: IANS
2024-09-06 09:25:32 am
Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger Walt Disney Co and Reliance Industries have won approval for an $8.5 billion merger of their Indian media assets subject to some modifications, India's antitrust watchdog said on Wednesday, after the deal sparked concerns over control of cricket broadcasts. Reliance-Disney aims to create India's biggest entertainment player to compete with Sony, Netflix and Amazon with 120 TV channels and two streaming services. The Competition Commission of India (CCI) sent a warning notice to ...
Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger
Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger
Source: Reuters
2024-08-28 05:40:09 pm
Analysis-To seal India merger, Disney-Reliance may need to dilute cricket dominance The Indian antitrust body's opposition to a proposed $8.5 billion merger of the Indian media assets of Walt Disney and Reliance may force the companies to sell some lucrative cricket broadcast rights or commit to advertising price caps. Reuters reported earlier this week that the Competition Commission of India (CCI) has sent a warning notice to the companies expressing concern that the merged entity will effectively have a monopoly on cricket broadcast rights worth billions of dollars...
Analysis-To seal India merger, Disney-Reliance may need to dilute cricket dominance
Analysis-To seal India merger, Disney-Reliance may need to dilute cricket dominance
Source: Reuters
2024-08-22 03:48:27 pm
Rs 31,500 crore investment deal concluded during Telangana CM’s US visit Rs 31,500 crore investment deal was signed during Telangana Chief Minister A. Revanth Reddy’s visit to the US, which concluded Sunday. The state government termed the visit of the Chief Minister as a highly successful business tour. As per Chief Minister’s Office (CMO), during the visit 19 investment deals/MOUs, totalling an investment of 31,500 crore, were concluded. This is expected to create 30,750 new jobs in the state. The delegation, comprising IT and Industries Min...
Rs 31,500 crore investment deal concluded during Telangana CM’s US visit
Rs 31,500 crore investment deal concluded during Telangana CM’s US visit
Source: IANS
2024-08-12 08:57:37 am
Telangana CM begins US visit to attract investment Telangana Chief Minister A. Revanth Reddy began his official visit to the US to attract new investments to the state.   Accompanied by Minister for Industry and Information Technology D. Sridhar Babu and some senior officials, he landed in New York. According to the Chief Minister’s Office, the visit is aimed at bringing investments and making strategic partnerships that will contribute to economic development and employment generation in Telangana. The Chief Minister&#...
Telangana CM begins US visit to attract investment
Telangana CM begins US visit to attract investment
Source: IANS
2024-08-04 04:55:53 pm
Indian retailer DMart posts 17.5% rise in Q1 profit  India's Avenue Supermarts, the operator of the DMart retail store chain, posted a 17.5% rise in first-quarter net profit on Saturday. It reported a consolidated net profit of 7.74 billion Indian rupees ($92.68 million) for the three months ended June 30 versus 6.59 billion a year earlier. Its revenue grew 18.5% to 140.69 billion rupees. DMart has more than 350 stores in India. Its supermarkets offer a wide range of items from food to footwear and home appliances. It comp...
Indian retailer DMart posts 17.5% rise in Q1 profit
Indian retailer DMart posts 17.5% rise in Q1 profit
Source: Reuters
2024-07-14 08:39:10 am
European Commission asks Amazon to furnish details over recommender algorithms, ads transparency The European Commission on Friday sent e-commerce giant Amazon a request for information (RFI) under the Digital Services Act (DSA).It has asked the Jeff Bezos-founded behemoth to provide more information on the measures the platform has taken to comply with the DSA obligations related to the transparency of recommender systems and their parameters, as well as to the provisions on maintaining an ad repository and its risk assessment report.In particular, the tech giant is asked to provide det...
European Commission asks Amazon to furnish details over recommender algorithms, ads transparency
European Commission asks Amazon to furnish details over recommender algorithms, ads transparency
Source: IANS
2024-07-06 09:50:28 am
SK Group chairman meets with CEOs of Amazon, Intel SK Group Chairman Chey Tae-won has met with leaders of global tech giants, including Amazon and Intel, to discuss ways to broaden business cooperation in artificial intelligence (AI) semiconductors, his company said on Monday. Chey, who has been on a US trip since June 22, held talks with Amazon CEO Andy Jassy at the headquarters of the US multinational technology company in Washington, last week, to explore ways to enhance cooperation in the AI chip sector, according to SK Group. Amazo...
SK Group chairman meets with CEOs of Amazon, Intel
SK Group chairman meets with CEOs of Amazon, Intel
Source: IANS
2024-07-01 03:05:52 pm
Samsung Chairman meets with Meta, Amazon and Qualcomm CEOs in US Samsung Electronics Chairman Lee Jae-yong has met with the heads of Meta, Amazon and Qualcomm in the US this week to discuss future technologies and business collaborations, the company said on Thursday.  Lee, who has been on a two-week business trip in the US, was invited to Mark Zuckerberg's home in Palo Alto, California, on Tuesday (US time) where he had talks with Meta's founder and CEO, according to Samsung Electronics. It is their second meeting in 2024 after Zuckerbe...
Samsung Chairman meets with Meta, Amazon and Qualcomm CEOs in US
Samsung Chairman meets with Meta, Amazon and Qualcomm CEOs in US
Source: IANS
2024-06-13 02:59:04 pm
Amazon acquires some assets of MX Player E-commerce giant Amazon which also runs video streaming platforms like Prime Video and Mini TV has acquired some assets of Times Internet-owned MX Player.  "We are always looking for ways to introduce new products and services that help improve customers' lives. We're excited to continue to entertain India with the great local originals and exclusive content available across our Prime Video and miniTV services in India," said an Amazon spokesperson. The company ha...
Amazon acquires some assets of MX Player
Amazon acquires some assets of MX Player
Source: IANS
2024-06-07 09:30:00 am
Garmin launches new range of smartwatches in India Garmin on Wednesday launched a new range of smartwatches under its Forerunner 165 series in India.  Priced at Rs 33,490, the Forerunner 165 series comes in four colour options including Turquoise/Aqua, Black/Slate grey, Mist grey/Whitestone, and Berry/Lilac. Consumers can purchase this smartwatch at select premium brand stores. "Garmin’s Forerunner 165 Series has been specifically designed for professional runners and athletes who need to improve their performance every ...
Garmin launches new range of smartwatches in India
Garmin launches new range of smartwatches in India
Source: IANS
2024-06-05 02:19:39 pm
Lava launches new 5G smartphone in two storage variants Domestic smartphone brand Lava, on Thursday, launched its new smartphone Yuva 5G in two storage variants. Priced at Rs 9,499 for the 64 GB variant and Rs 9,999 for the 128 GB variant, Yuva 5G will be available for sale on Amazon, Lava e-store and Lava retail outlets from June 5. It comes in two colours -- Mystic Blue and Mystic Green. "Yuva 5G is designed for the youth, suited to their consumption patterns and preferences. The power-packed features provide a seamless experience wit...
Lava launches new 5G smartphone in two storage variants
Lava launches new 5G smartphone in two storage variants
Source: IANS
2024-05-30 04:12:49 pm
Kothari Industrial Corporation touches roof on inking pact with Redford footwear Kothari Industrial Corporation is locked its upper circuit limit at Rs. 5.34, up by 0.10 points or 1.91% from its previous closing of Rs. 5.24 on the BSE. The scrip opened at Rs. 5.34 and has touched a high and low of Rs. 5.34 and Rs. 5.34 respectively.  The BSE group 'XT' stock of face value Rs. 5 has touched a 52 week high of Rs. 5.34 on 23-May-2024 and a 52 week low of Rs. 1.80 on 02-Apr-2024. Last one week high and low of the scrip stood at Rs. 5.34 and Rs. 5.14 resp...
Kothari Industrial Corporation touches roof on inking pact with Redford footwear
Kothari Industrial Corporation touches roof on inking pact with Redford footwear
Source: Accord Fintech
2024-05-23 10:45:01 am
Google`s parent company Alphabet earned over Rs 2.5 lakh per second in Q1 After seeing its net profit drop by almost 35 per cent in 2022 due to inflation and advertisers' pullbacks, Google's parent, Alphabet, has been on a trajectory of growth for the past year and a half, earning $3,042 (nearly Rs 2,53,444) per second in the year's first quarter (Q1), or 43 per cent more than in 2023, as per a report on Tuesday. According to data presented by AltIndex.com, Google's parent firm net income soared by 615 per cent in a decade, 8 times more than Appl...
Google`s parent company Alphabet earned over Rs 2.5 lakh per second in Q1
Google`s parent company Alphabet earned over Rs 2.5 lakh per second in Q1
Source: IANS
2024-05-22 09:35:42 am
AWS, Microsoft Azure, Google Cloud now dominate 66 per cent of global Cloud spending As artificial intelligence (AI) becomes a key demand driver for cloud investment, Amazon Web Services (AWS), Microsoft Azure and Google Cloud collectively grew by 24 per cent, accounting for 66 per cent of total spending in the first quarter (January-March) period. Tech giant Microsoft outpaced both AWS and Google Cloud, with sales rising by 31 per cent (year-on-year), nearly double the AWS’s growth rate of 17 per cent, while Google Cloud grew 28 per cent YoY, according to global mar...
AWS, Microsoft Azure, Google Cloud now dominate 66 per cent of global Cloud spending
AWS, Microsoft Azure, Google Cloud now dominate 66 per cent of global Cloud spending
Source: IANS
2024-05-19 09:10:50 am
Amazon pumps Rs 1,600 crore into its India arm as e-commerce battle intensifies E-commerce giant Amazon has pumped Rs 1,600 crore into its India arm, Amazon Seller Services, a regulatory filing by the company has shown. The investment comes as India’s e-commerce growth is expected to reach $200-230 billion by 2030, a steady 20-22 per cent rise. According to Amazon’s filing in the US, “The Board is hereby accorded for allotment of 1,66,00,00,000 (One hundred sixty six crore) equity shares of Rs 10 each aggregating to Rs 16,60,00,00,000 (One thousan...
Amazon pumps Rs 1,600 crore into its India arm as e-commerce battle intensifies
Amazon pumps Rs 1,600 crore into its India arm as e-commerce battle intensifies
Source: IANS
2024-05-14 05:03:10 pm
Stocks in Asia rise, yen wobbles after volatile start to week  Asian stocks inched higher on Tuesday as investors awaited a slew of economic data, corporate earnings and the U.S. Federal Reserve's policy meeting, while the yen was slightly weaker a day after suspected intervention rescued it from 34-year lows. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.36% higher, set to clock in a nearly 1% gain for the month, its third straight month of gains. Nikkei rose 1% as Japan reopened after a holiday on Monday. China st...
Stocks in Asia rise, yen wobbles after volatile start to week
Stocks in Asia rise, yen wobbles after volatile start to week
Source: Reuters
2024-04-30 08:57:35 am
Dell launches new Alienware gaming laptop in India  Dell Technologies on Thursday launched a new gaming laptop -- Alienware x16 R2, in India, powered by the latest Intel Core Ultra processor. The new laptop will be available for purchase from April 25 across Dell Exclusive Stores (DES), Dell.com, Amazon.in, larger format retail, and multi-brand outlets at a starting price of Rs 286,990. "Packed with a myriad of upgrades and AI capabilities, it joins the revered X Series lineup, renowned for delivering unparalleled gaming perfo...
Dell launches new Alienware gaming laptop in India
Dell launches new Alienware gaming laptop in India
Source: IANS
2024-04-25 01:56:55 pm
UK begins probe into AI partnerships by Microsoft, Amazon The UK's Competition and Markets Authority (CMA) on Wednesday launched a preliminary probe into partnerships between tech giants over artificial intelligence (AI), like Microsoft and Mistral AI, and Amazon and Anthropic. The anti-trust regulator has asked interested third parties to give their views on whether these AI partnerships (including Microsoft’s hiring of former employees and related arrangements with Inflection AI) fall within UK merger rules and the impact that these a...
UK begins probe into AI partnerships by Microsoft, Amazon
UK begins probe into AI partnerships by Microsoft, Amazon
Source: IANS
2024-04-25 09:02:18 am
Asus`s new dual-screen laptop `Zenbook DUO`now available in India Taiwanese tech giant Asus on Tuesday said that its newly launched dual-screen laptop 'Zenbook DUO' is now available in India. Starting at Rs 1,59,990, the Zenbook DUO is now available for purchase on the e-commerce platforms, Amazon and Flipkart. "With its revolutionary dual-screen OLED displays, detachable Bluetooth keyboard, and versatile kickstand, the Zenbook DUO redefines the boundaries of productivity and creativity," Arnold Su, VP, Consumer and Gaming PC, System...
Asus`s new dual-screen laptop `Zenbook DUO`now available in India
Asus`s new dual-screen laptop `Zenbook DUO`now available in India
Source: IANS
2024-04-16 02:19:14 pm
This is best time to invest in India for entrepreneurs worldwide: Zoho`s Sridhar Vembu Sridhar Vembu, Founder and CEO of leading cloud software provider Zoho, said on Monday that this is the best time to invest in India for young entrepreneurs from all across the world. The sense of optimism is real and India is the most dynamic large economy in the world, "poised for decades of solid growth", Vembu posted on X (formerly Twitter). “I have been speaking at industry bodies, large company meets, colleges and various other forums in many parts of India,”...
This is best time to invest in India for entrepreneurs worldwide: Zoho`s Sridhar Vembu
This is best time to invest in India for entrepreneurs worldwide: Zoho`s Sridhar Vembu
Source: IANS
2024-04-01 10:37:31 am
Amazon India`s revised seller fee next month may up prices for certain products  The consumers may end up paying more for shopping online on Amazon India for certain products as the company is set to revise its seller fee structure from April 7. In a recent notification, the e-commerce behemoth has informed sellers about revised structure that is likely to result in price increase for several items. The last fee revision was in May 2023. The revised structure “does not include the 18 per cent GST that will be levied on the seller fee”, according to...
Amazon India`s revised seller fee next month may up prices for certain products
Amazon India`s revised seller fee next month may up prices for certain products
Source: IANS
2024-03-23 04:42:05 pm
Government ropes in logistics giant DHL to push MSME exports The Commerce and Industry Ministry's Directorate General of Foreign Trade (DGFT) on Thursday signed an MoU with global logistics service provider DHL to conduct capacity-building sessions, training, and workshops for making Indian MSMEs export-ready. The initiative aimed at boosting e-commerce exports from the country, through the leveraging of 'District as Export Hubs' will cover 76 districts in three phases. The goal is to promote and enable micro, small and medium enterpr...
Government ropes in logistics giant DHL to push MSME exports
Government ropes in logistics giant DHL to push MSME exports
Source: IANS
2024-03-15 09:25:18 am
A new era in photography: How low-light tech is redefining smartphone cameras The landscape of smartphone technology is ever-evolving, with continuous innovations reshaping every facet of these omnipresent devices. Amid this evolution, numerous smartphones tout their camera capabilities as superior. However, the definition of "the best" remains a topic worth deliberating. What truly constitutes the best camera, and where should consumers direct their attention amidst this claim-heavy market? This is a debate worth exploring, according to realme. From si...
A new era in photography: How low-light tech is redefining smartphone cameras
A new era in photography: How low-light tech is redefining smartphone cameras
Source: IANS
2024-03-13 10:37:06 am
Reliance-Disney India merger draws Nita Ambani back to business spotlight The Reliance-Disney India merger has attracted Nita Ambani, wife of Reliance boss Mukesh Ambani, back into mainstream business as the new company's chair, where her experience in arts and sports, and ties with Bollywood could come in handy. Reliance and Disney said on Wednesday they would create a $8.5 billion TV and streaming juggernaut in India, setting the stage for fierce rivalry with likes of Japan's Sony, Netflix, and Amazon's Prime Video. Nita Ambani's appointment...
Reliance-Disney India merger draws Nita Ambani back to business spotlight
Reliance-Disney India merger draws Nita Ambani back to business spotlight
Source: Reuters
2024-02-29 09:40:30 am