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Global technology firm HCLTech on Monday announced a 10.5% year-on-year (YoY) rise in net profit, reaching Rs 4,235 crore for the July-September quarter of FY25. However, on a quarter-on-quarter (QoQ) basis, the net profit dipped slightly by 0.5%. The company’s revenue from operations surged to Rs 28,862 crore, marking an 8.2% increase compared to the same period last year, according ...

Bain Capital has outbid rival KKR with a $4 billion offer to acquire Fuji Soft, a prominent Japanese software developer, setting the stage for a rare high-stakes showdown between two private equity giants. Bain’s bid, which values Fuji Soft at 9,450 yen per share, surpasses KKR’s offer by approximately 7%, igniting a fierce contest for control of the company. Bain ...

In a strategic move that underscores the intensifying competition in the artificial intelligence (AI) chip sector, Advanced Micro Devices (AMD) is set to unveil a new lineup of AI processors during an upcoming data center event in San Francisco. This announcement aims to strengthen AMD’s position as a formidable supplier of AI chips in a market that has been predominantly ...

Tata Consultancy Services (TCS), a global leader in IT services and consulting, posted a net profit of ₹11,909 crore for the second quarter of the fiscal year, reflecting a 5% year-on-year increase. Despite a modest quarter-on-quarter decline of 1.1%, TCS’s results demonstrate the company’s resilience in navigating ongoing market challenges, particularly in the face of global economic uncertainty. Revenue for ...

Bengaluru, often celebrated as India’s technology capital, is once again proving why it leads the charge in innovation. In a recent social media post, Ananya Narang, CEO of Entourage and a prominent business influencer, shared her firsthand experience of staying at a hotel managed almost entirely by virtual staff. During her stay, Narang was surprised to find no traditional front ...

BENGALURU, Oct 5, 2024: In a relatively quiet week for Indian startups, 21 companies raised nearly $93 million across 16 deals, signaling a significant drop compared to the $461 million raised by 29 startups just a week prior. This week’s tally included four growth-stage deals and 12 early-stage fundings. Agriculture supply chain startup Waycool secured Rs 100 crore (approximately $12 ...

India’s space sector is set to receive a significant boost with the government earmarking Rs 1,000 crore for a venture fund dedicated to space startups. This decision, announced by Science and Technology Minister Jitendra Singh, is a clear indication of the high priority the government gives to the space sector. The announcement was made within the first 100 days of ...

Meta has taken a major leap in artificial intelligence by announcing its latest AI model, Movie Gen. This cutting-edge tool is designed to generate realistic video and audio clips based on user prompts, putting it in direct competition with leading media generation platforms like OpenAI and ElevenLabs. Movie Gen’s features go beyond just video creation. The AI can also produce ...

Tech billionaire Elon Musk has become the first person to reach 200 million followers on X, the social media platform he acquired in October 2022 for $44 billion. Musk, the owner of X, now leads in followers ahead of former US President Barack Obama, who has 131.9 million, and football superstar Cristiano Ronaldo, with 113.2 million followers as of October ...

Cerebras Systems, a rising player in the AI hardware space, is looking to challenge Nvidia’s dominance as it gears up for a major IPO. Nvidia, whose chips are crucial for training AI models like OpenAI’s ChatGPT, has seen its market value soar nearly 600% since ChatGPT’s rise. However, Cerebras, backed by investors like Altimeter and Benchmark, aims to capitalize on ...

OpenAI has shattered records by securing a monumental $6.6 billion in funding, a move that could elevate its valuation to an eye-popping $157 billion. This latest round, fueled by a diverse group of investors, positions the AI powerhouse at the forefront of global tech innovation despite undergoing significant internal shifts. Investor Confidence Amidst Executive Changes The timing of this funding ...

Meta, the parent company of Facebook and Instagram, has removed around 8,000 “celeb bait” scam ads as part of a new collaboration with Australian banks. These scams often use images of famous personalities, many of which are created by artificial intelligence, to deceive people into investing in fake schemes. Meta acted after receiving 102 reports since April from the Australian ...

While the US House of Representatives recently passed legislation that could pave the way for a ban on TikTok, utilized by over 170 million Americans, it was India that initially took action to block the Chinese short-video platform, which boasts a global user base. On June 29, 2020, India enforced a ban on TikTok, a platform controlled by the Chinese ...

In a decisive move, the Indian government has announced the prohibition of 18 over-the-top (OTT) platforms due to their dissemination of obscene, vulgar, and in some cases, pornographic content. This action follows repeated warnings issued by the Ministry of Information and Broadcasting, as disclosed by Union Minister Anurag Thakur. Among the targeted platforms, one app alone had accrued over 10 ...

The Prime Minister, Shri Narendra Modi has greeted Amitabh Bachchan on his 80th birthday. Shri Modi has said that Amitabh Bachchan is one of India’s most remarkable film personalities who has enthralled and entertained audiences across generations. In a tweet, the Prime Minister said; “A very happy 80th birthday to Amitabh Bachchan Ji. He is one of India’s most remarkable ...

A team at the Lab has invented new technologies that could be used by future missions to analyze liquid samples from watery worlds and look for signs of alien life. Are we alone in the universe? An answer to that age-old question has seemed tantalizingly within reach since the discovery of ice-encrusted moons in our solar system with potentially habitable subsurface ...

JPL’s Venus Aerial Robotic Balloon Prototype Aces Test Flights A scaled-down version of the aerobot that could one day take to the Venusian skies successfully completed two Nevada test flights, marking a milestone for the project. The intense pressure, heat, and corrosive gases of Venus’ surface are enough to disable even the most robust spacecraft in a matter of hours. ...

In a coordinated operation at sea, Narcotics Control Bureau (NCB) and Indian Navy apprehended a suspicious vessel carrying more than 200 kgs of narcotics. The boat with its crew, has been escorted to Kochi for further investigation. This is significant not only in terms of quantity and cost but also signifies a focus on collaborative efforts for disruption of the ...

SARS-CoV-2, the virus that causes COVID-19, is an airborne disease transmitted via aerosols, which are spread from the oral and nasal cavities—the mouth and the nose. In addition to the well-known division and spread of the virus in the cells of the respiratory tract, SARS-CoV-2 is also known to infect the cells of the lining of the mouth and the ...

B-type procyanidins, made of catechin oligomers, are a class of polyphenols found abundantly in foods like cocoa, apples, grape seeds, and red wine. Several studies have established the benefits of these micronutrients in reducing the risk of cardiovascular diseases and strokes. B-type procyanidins are also successful in controlling hypertension, dyslipidemia, and glucose intolerance. Studies attest to the physiological benefits of ...