Author: News Desk

Microsoft has achieved a significant milestone in the financial realm as its stock market value surpassed $3 trillion for the first time on Wednesday. This accomplishment solidifies Microsoft’s position as the second most valuable company globally, closely trailing Apple. Microsoft and Apple have been engaged in a continuous battle for supremacy as the most capitalised stock on Wall Street throughout the year. In a noteworthy turn of events, Microsoft briefly claimed the top position earlier in January, causing fluctuations in both companies’ stock performances. Microsoft’s shares reached a record high of $405.63, marking a 1.7% increase, which propelled the company…

India stands as home to numerous billionaires who have not only amassed immense wealth but have also made substantial contributions to philanthropy. Mukesh Ambani, Ratan Tata, and Gautam Adani are among the prominent names in India’s business landscape. Today, we shine a spotlight on Azim Premji, the former chairman of Wipro Limited, who holds the esteemed title of India’s second most charitable person. A Remarkable Donation According to the EdelGive Hurun India Philanthropy List 2023, Azim Premji made a substantial contribution of Rs 1,774 crore during the fiscal year 2022-23. This noteworthy act of generosity placed him in the second…

Union Minister of State for Defence and Tourism, Ajay Bhatt, unveiled the country’s inaugural biodegradable water bottle at the National Conference on “Millets for Military Ration and Specific Nutritional Requirements” in Mysuru. Developed by the Defence Food Research Laboratory (DFRL), a DRDO lab, the eco-friendly innovation aims to combat plastic pollution resulting from littering and insufficient recycling practices. The Breakthrough Innovation DFRL’s eco-conscious initiative introduces poly lactic acid-based (PLA) water bottles designed to alleviate the pervasive issue of plastic waste. Compliant with ISO 17088-2021 and IS 17899 T: 2022 Standards, these sustainable bottles are not only compostable but also deemed…

The Indian startup ecosystem faced a substantial setback in 2023, with funding plummeting by a staggering 62% to Rs 66,908 crore, a sharp decline from the robust Rs 1,80,000 crore in 2022. This revelation, derived from the latest “Startup Deals Report 2023” by PrivateCircle Research, unveils the lowest funding figures since 2018, indicating a challenging period for emerging businesses. Funding Landscape Overview Historical Perspective: The report underlines that the highest funding peak was witnessed in 2021 at Rs 2,41,787 crore, accentuating the drastic shift in financial support within just two years. Deal Volume Downturn: Not only did funding experience a…

Sony Group of Japan has abandoned its plans for a $10 billion merger with Zee Entertainment, marking the end of a deal that could have resulted in one of India’s largest TV broadcasters. The breakdown of the merger adds uncertainty to Zee’s future amid intensifying competition, with Disney also looking to merge its Indian businesses with the media assets of Mukesh Ambani’s Reliance. Zee Entertainment informed Indian stock exchanges that Sony was seeking $90 million in termination fees, citing alleged breaches of the merger agreement and invoking arbitration for emergency interim relief. Zee, in response, denied all claims made by…

France, Russia, UK, and the US supporting India’s permanent membership in the UN Security Council has garnered global attention, with Elon Musk, CEO of Tesla and SpaceX, expressing admiration and signaling interest in India. In a recent post, Musk stated, “India being absent from the UN Security Council, despite being the world’s most populous country, is incongruent.” Musk’s acknowledgment and potential support have gained significant traction, drawing attention to India’s influence on the global stage. Musk is expected to engage in activities in India in the coming days, with reports suggesting permissions for Tesla’s gigafactory and the initiation of operations…

Union Road Transport and Highways Minister Nitin Gadkari inaugurated the two-lane Ram Setu overbridge in Balotra city, Rajasthan, at a cost of INR 102 crore. The dedication ceremony, led by Chief Minister Bhajan Lal Sharma, took place virtually on Sunday, with CM Sharma and Deputy CM Diya Kumari participating through video conference. The event, attended by Minister of State for Industry and Commerce Krishna Kumar Vishnoi, Union Minister of State for Agriculture and Farmer Welfare Kailash Choudhary, District Collector Sushil Kumar Yadav, SP Harishankar, public representatives, social activists, media, and district residents, marked a significant milestone in infrastructure development. CM…

The Ministry of Electronics and IT (Meity) is gearing up to seek cabinet approval for the India AI program, a transformative initiative set to redefine the country’s computing landscape. The program, with an estimated investment exceeding Rs 10,000 crore, is poised to bring about groundbreaking advancements in Artificial Intelligence (AI) technology. Three-Tier Compute Infrastructure Working groups convened by the government on AI have proposed the establishment of a robust three-tier compute infrastructure, encompassing 24,500 Graphics Processing Units (GPUs). Minister of Electronics and IT, Rajeev Chandrasekhar, revealed that the proposal, including the deployment of GPU-based servers, will undergo cabinet scrutiny. Public-Private…

The cybersecurity researchers have unveiled what is being labelled as the ‘Mother of all Breaches,’ exposing more than 26 billion personal records. Private information from numerous prominent websites, including X, Dropbox, and LinkedIn, has been found on an unsecured page. The breach, discovered by Bob Dyachenko of SecurityDiscovery.com alongside researchers from CyberNews, reveals that over 280 million Twitter records and 250 million LinkedIn records were compromised. Other globally popular platforms affected include MyFitnessPal, Canva, MySpace, Adobe, and Deezer. The researchers stumbled upon an unsecured database containing a massive 12 terabytes of data, including sensitive personal details. This alarming breach could…

Jawed Habib, a prominent name in the Indian hairdressing scene, has successfully expanded his empire to over 550 unisex salons across India and three internationally. As he sets his sights on a broader global reach, his business, currently valued at approximately $30 million, reflects an operational profit of $200,000 in 2015-16. A Visionary Approach to Global Expansion Habib’s aspiration for a global footprint, although deemed ambitious by Time magazine, aligns with McKinsey’s prediction of a nine percent annual growth in the personal products and services sector in India. The burgeoning middle class, rising consumer incomes, and a fashion-centric lifestyle in…