Monday, May 29, 2023


Google ordered to pay Sonos $32.5 mn over patent infringement

SAN FRANCISCO: A court in the US has ordered Google to pay $32.5 million to high-tech audio technology company Sonos, for infringing on the company's smart speaker patent.

Tesla Model Y becomes 1st EV to earn world's best-selling car tag

NEW DELHI: Tesla Model Y has become the first all-electric vehicle to be billed as the world's bestselling car, a report has shown.

Mumbai's JNPA celebrates 34th anniv

MUMBAI: India's biggest state-run, Jawaharlal Nehru Port Authority (JNPA), in Mumbai completes 34 years of operations on Friday (May 26) and now ranks among the World Bank report of ports that turn around box ships in just 22 hours.

Mukesh Ambani joins COP28 Advisory Committee

NEW DELHI: Mukesh Ambani, Chairman and Managing Director, Reliance Industries, has been appointed as the member of Advisory Committee to the President of the 28th Session of the Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC).

Currency management exercise, not demonetisation: RBI to Delhi HC on 2K note issue

NEW DELHI: The Reserve Bank of India (RBI) on Friday told the Delhi High Court that its decision to withdraw Rs 2,000 notes from circulation is only a "currency management exercise and not demonetisation".

Kanpur airport to get new terminal building today

KANPUR: Uttar Pradesh Chief Minister Yogi Adityanath and civil aviation Minister Jyotiraditya Scindia will inaugurate the new terminal building of Kanpur airport on Friday.

Power Minister highlights sector reforms, challenges at CII Annual Session

NEW DELHI: The Centre on Thursday said that significant improvements have been made in the power sector, and efforts made to address the viability concerns faced by power distribution companies (discoms) and the broader industry issues.

Direct Amul not to procure milk in TN: Stalin to Amit Shah

CHENNAI: Tamil Nadu Chief Minister M.K.Stalin on Thursday said the Kaira District Cooperative Milk Producers' Union or Amul is infringing on the

Yubi acquires digital credit analytics company FinFort Infotech

NEW DELHI: Unified credit marketplace digital platform Yubi on Thursday announced that it has acquired a 100 per cent stake in FinFort Infotech, a digital credit analytics company for retail segment.

Snowflake acquires search startup Neeva to leverage generative AI

NEW DELHI: Cloud data platform provider Snowflake has acquired search startup Neeva to accelerate search in the Data Cloud through generative AI.

UP to have new authority to develop waterways

LUCKNOW: Uttar Pradesh will now have a dedicated body to oversee the development of new waterways.

Govt committed to boost tourism, infrastructure development: Gadkari

NEW DELHI: Nitin Gadkari, the Union Minister of Road Transport and Highways on Wednesday said that the Centre was committed to enhancing the tourism sector and strengthening the country's infrastructure which were positively impacting job creation.

Stalin meets industrialists in Singapore, pitches TN as investment destination

CHENNAI: Tamil Nadu Chief Minister M.K. Stalin, who is on a week-long two-nation tour of Singapore and Japan, met industrialists and business groups in Singapore and pitched his state as a safe investment destination.

Indian e-commerce to grow 1000% & emissions 8-mn tons by 2030

MUMBAI: Portending an alarming situation, Indian e-commerce is expected to grow 1000 percent and emissions will shoot up by 8 million tons (80 Lakh) by 2030, as per a new research by the Clean Mobility Collective (CMC) and Research Group (SRG), released globally on Wednesday.

Sterlite Copper to source hybrid renewable power from Serentica Renewables

NEW DELHI: As part of its sustainability efforts, Sterlite Copper, a subsidiary of Vedanta Limited, has joined hands with Serentica Renewables India Private Ltd (SRIPL) to establish a special purpose vehicle (SPV) for sourcing hybrid renewable energy.

Tesla will pick new factory location this year, India a contender: Musk

SAN FRANCISCO: Elon Musk will likely pick a new location for a Tesla factory by the end of this year and according to him, India is very much part of his scheme of things if all goes well.

Public investment in agri-food systems up 22% in 2022: FAO report

ROME: Public investment in sustainable agriculture rose by more than a fifth last year, according to the 2022 Annual Review released by the UN Food and Agriculture Organisation (FAO) Investment Centre.

4 Smart Watch for Boys Who Love Technology

Smart watches have become a new fashion staple and stay on top of the trend. These have gained more prominence in the market due to innovative features and sleek designs. Smart watches are a great innovation for the tech-savvy generation. These have become a part of our lifestyle and look so cool when hanging out with friends. Usually, boys are freaky about smart watches, and you may be among them.

10 Points to Consider While Applying for Commercial Vehicle Loans

Commercial vehicle loans are essential for businesses that rely on transportation to operate effectively. These loans are designed to provide financing for purchasing, leasing or refinancing vehicles used for commercial purposes. Whether you want to purchase a fleet of trucks, vans, or any other commercial vehicle, understanding the basics of commercial vehicle loans is crucial. With various financing options available, navigating the complexities of loans can be challenging. 

1xSlots App Review

The 1xSlots Casino is an authorized Curacao-licensed gambling platform. The regulator has conducted a number of checks on us to validate our dependability and safety. The company's current license permits it to host online gambling in a number of nations, including India.

AI software platform raises over $250 mn led by QIA

NEW DELHI: AI-powered software platform on Tuesday announced it has raised over $250 million in its Series D funding led by Qatar Investment Authority (QIA).

Digital India Act to curb high-risk AI, enable startup innovation: Centre

MUMBAI: The Centre on Tuesday said that the upcoming Digital India Act (DIA) will strictly deal with misinformation and 'high-risk AI' to prevent user harm, and the first draft of the Bill is expected by the first week of June.

TN industrialist Karumattu T. Kannan passes away

CHENNAI: Well-known industrialist and owner of Thiagaraja mills, Karumattu T. Kannan passed away at his residence in Madurai on Tuesday. He was 70.

'Default off the table', says Biden after debt ceiling talks

WASHINGTON: US President Joe Biden and Republican House Speaker Kevin McCarthy have called their latest talks on the debt ceiling productive, but no deal has yet been reached.

UP Power consumer can claim compensation for service faults

LUCKNOW: Electricity consumers in Uttar Pradesh will now be able to legally claim compensation for a default in the delivery of services by the UP Power Corporation Ltd (UPPCL).

Meta fined record $1.3 bn for violating EU data transfer rules

LONDON: The Irish Data Protection Commission on Monday fined Meta (formerly Facebook) a record $1.3 billion fine over violating data transfer rules in the European Union (EU).

Ex-SoftBank veteran Manoj Kohli joins WeWork India as independent Board Director

NEW DELHI: Flexible workspace provider WeWork India on Monday announced the appointment of Manoj Kohli, former Country Head of Softbank India, Softbank Group International, as an independent Director to its Board.

TCS-led consortium bags Rs 15,000 crore 4G deployment order from BSNL

CHENNAI: The Indian government-owned telecom major Bharat Sanchar Nigam Ltd (BSNL) has awarded the order for deployment of 4G network across the country to a Tata Consultancy Services Ltd (TCS)-led consortium.

Most Rs 2K notes will come back from circulation by Sep 30: RBI Gov

CHENNAI: The Reserve Bank of India expects most of the outstanding Rs 2,000 denomination banknotes to come back to the banks by September 30, the last date for deposit/exchange of such notes, Shaktikanta Das, the RBI Governor said.

China hits back at Biden, bans US-based Micron over 'national security risks'

BEIJING: In a tit-for-tat move against the US, China has banned the sale of US-based Micron Technology's chips in the country, citing "national security risks", the media reported on Monday.

Epstein threatened Bill Gates over his affair with Russian bridge player: Report

SAN FRANCISCO: Late convicted sex offender Jeffrey Epstein once threatened Bill Gates via an email over the Microsoft cofounder's affair with a Russian bridge player, the media reported.

F5 opens its 2nd engineering centre in India, to generate 250 jobs

BENGALURU: F5, a global leader in multi-cloud application security and delivery, on Monday opened its new engineering centre here that will help drive research, development and product innovation.

Happy at Centre's decision on Rs 2000 note: Chidambaram

CHENNAI: Senior leader of the Congress party and former Union Minister for Finance P. Chidambaram said that he was happy at the Union government's decision to withdraw the Rs 2000 currency note from circulation.

Indian airline sector on to a smooth flight despite air pocketsr

CHENNAI: Taking off with much fanfare and crash landing has been the regular feature one sees in the Indian aviation sector ever since it was opened up.

2 lakh tech employees lose jobs in 2023 to date, more in the offing

NEW DELHI: The year 2023 has become the worst year for tech employees as nearly 2 lakh tech employees -- from Big Tech firms to startups -- have been sacked to date globally, as companies like Meta, BT, Vodafone and many others announced further plans to lay off more employees in coming months.

UP govt announces concessions for 8 mega projects

LUCKNOW: The Uttar Pradesh government has announced allocation of more than Rs 146 crore for reimbursement of the first installment of concessions to eight mega projects under the Uttar Pradesh Industrial Investment Policy.

10 Rs 2,000 notes can be exchanged per account holder at a time: RBI

NEW DELHI: Announcing the decision to withdraw Rs 2,000 denomination notes from circulation, the Reserve Bank of India (RBI) has asked banks not to issue such notes with immediate effect.

RBI to withdraw Rs 2,000 currency notes; to continue as legal tender 

NEW DELHI: The Reserve Bank of India (RBI) on Friday said that it will withdraw the Rs 2,000 denomination banknote from circulation but it will continue as legal tender.

Combination of measures made Thomas Cook to save about Rs 3.7 bn costs

CHENNAI: A combination of measures like reducing branch network, integrating backend work, downsizing and digitalisation has resulted in travel major Thomas Cook (India) Ltd to log a cost savings of about Rs 3.71 billion in FY23, said a senior official.

BGMI game on 3-month trial, closely watching user harm, addiction: MoS IT

NEW DELHI: Minister of State for Electronics and IT, Rajeev Chandrasekhar on Friday clarified that the final decision to allow video game Battlegrounds Mobile India (BGMI) to return to the country will only be taken after three months of a strict trial of the game.