Latest News, Updates & Breaking Headlines
Representative image (Picture credit: ANI) India’s data centre industry is on track for a major expansion, with total capacity projected to jump five times to 8GW by 2030, according to a sectoral report by Jefferies. The growth is expected to be driven by the surge in data consumption, rapid cloud adoption, regulatory data localisation rules,…
Mark Zuckerberg’s Meta has reiterated the Big investment it is committing to make in the US. It is the same number that Facebook founder Zuckerberg had told President Donald Trump, along with an apology, during Big Tech CEOs dinner in September. In a blog post, Meta has said that it is investing $600 billion in…
NEW DELHI/BENGALURU: India on Friday inked an over $1 billion (Rs 8,900 crore) deal with US major General Electric (GE) for another 113 jet engines to power the much-delayed indigenous Tejas Mark-1A fighters. This may to some extent assuage the Donald Trump administration amid tariff tensions. The delivery of the 113 new GE-F404 engines to…
NEW DELHI: Indian state-owned firm Hindustan Aeronautics Limited (HAL) on Friday announced a $1 billion deal with US-based General Electric (GE) to supply 113 jet engines and a support package for India’s 97 LCA Mk1A fighter aircraft program.Sharing a post on X, HAL said, “The Hindustan Aeronautics Limited (HAL) has entered into an agreement with…
MUMBAI: From a YouTube channel once to a public listing later this month, PhysicsWallah is set to launch India’s first IPO by a major ed-tech company in years. With low-priced courses and a strong social media community built over the years-thanks in parts to wide internet penetration and cheap data packs, the startup founded by…
Bitcoin has slipped below the $100,000 mark for the first time since June, marking a fresh downturn driven by long-term holders cashing out rather than leveraged traders. The world’s largest cryptocurrency dropped as much as 7.4% on Tuesday, extending losses to over 20% from its record high a month ago. By Wednesday morning in New…
Tesla’s board of directors has reportedly sent a message to shareholders: approve a compensation package for CEO Elon Musk that could reach $878 billion in company stock, framing the decision as a choice between paying unprecedented sums or risking Musk’s departure and a potential stock collapse.Shareholders will vote on Thursday (November 6) on the proposal,…
The Japanese conglomerate, with its extensive AI investment portfolio spanning various sectors, saw a substantial $32 billion reduction in market capitalisation. (AI image) SoftBank Group’s shares saw a dramatic 14% decline on Wednesday, accompanied by broader falls across Asian AI-related companies, reflecting similar drops in their US counterparts. Investors displayed increasing caution towards the high…
Billionaire philanthropist and Jeff Bezos’ ex-wife, MacKenzie Scott, has donated $80 million to Howard University, marking one of the largest single donations in the school’s 158-year history and continuing her recent surge of major contributions to diversity and equity causes. The donation, announced over the weekend by Howard University, comes as Scott – estimated to…
Saudi Aramco reported a net profit of $26.9 billion for the third quarter, slightly lower than last year, as subdued global crude prices weighed on earnings even as the company outperformed analyst forecasts.The world’s largest oil producer said total revenue stood at $111 billion in the July–September quarter, down from $123 billion in the same…
