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01.11 / 02:37
markets COST Digital CEO Experts PAM Intel posts $16.6 billion quarterly loss, its biggest ever
Intel on Thursday posted the biggest quarterly loss in its 56-year history, as the onetime highflying chipmaker struggles to turn itself around. The Silicon Valley company said its loss for the third quarter totaled $16.6 billion, a result of $15.9 billion in charges to reflect lowered valuations of company assets and a $2.8 billion restructuring charge associated with cutting more than 15,000 workers. Pat Gelsinger, Intel's CEO, had ordered the restructuring in August in response to shrinking profit margins caused by the costs of catching rivals in manufacturing technology and little success in the booming market for artificial intelligence chips, among other factors.
01.11 / 02:37
markets UPS Digital PAM reports International Banks seek a ticket to RBI's LRS server
Reserve Bank of India (RBI) seeking integration with its Centralised Information Management System (CIMS) platform, aiming for real-time verification of limit utilisation under the Liberal Remittance Scheme (LRS), said people familiar with the development. Under the LRS, Indian citizens can remit up to $250,000 per financial year for various permissible transactions. The move can also fast-track the inclusion of international credit card spending under LRS regulations, the people said.
01.11 / 02:37
markets Digital Election Experts PAM Courts Iraqi parliament elects Sunni lawmaker al-Mashhadani as speaker, breaking deadlock
Sunni lawmaker Mahmoud al-Mashhadani as its speaker, lawmakers said, breaking a nearly year-long deadlock over the position that had remained vacant due to protracted disagreements among political factions. The stalemate followed a decision by the Federal Supreme Court last November which upended the career of former speaker Mohammed al-Halbousi, Iraq's most powerful Sunni Muslim politician and set the stage for a fight over succession. Mashhadani, who previously served as parliament speaker from 2006 to 2008, was elected to the post again with significant support from the coalition that includes influential Shi'ite parties and Iran-aligned groups along with the State of Law coalition, which is led by former Prime Minister Nuri al-Maliki.
01.11 / 02:37
markets Digital Apple Experts PAM Features Apple offers modest growth outlook after iPhone sales help beat profit expectations
Apple's AI-enhanced iPhone made a strong start, pushing quarterly sales ahead of Wall Street expectations, but a modest revenue forecast raised questions about whether that momentum will hold over the holiday sales season. A decline in China sales during the fourth quarter also concerned some analysts and investors, helping send shares down 1.4% in after-hours trade, despite surprisingly large overall profit and revenue in that period. Chief Financial Officer Luca Maestri told analysts during a conference call that Apple expects overall revenue to «grow low to mid single digits» during its fiscal first quarter, which ends in December. Analysts had expected revenue growth of 6.65% to $127.53 billion during the quarter, according to LSEG data.
01.11 / 02:37
markets CBS Experts War Courts Interviews Trump sues CBS over Kamala Harris '60 Minutes' interview; seeks $10 bn in damages
Donald Trump sued CBS on Thursday over an interview of his Democratic rival Kamala Harris aired on its «60 Minutes» news program in early October that the lawsuit alleged was misleading, according to a court filing. The complaint, filed in federal court in the Northern District of Texas, alleges the network aired two different responses from Harris responding to a question about the war between Israel and Hamas in Gaza. The version that aired during the «60 Minutes» program on Oct. 6 did not include what the lawsuit calls a «word salad» response from Harris about the Biden administration's influence on Israel's conduct of the war.
01.11 / 02:37
WhatsApp wellness electronic innovations PM Modi condoles T P G Nambiar's demise, hails his contributions
Modi condoled the demise of BPL Group founder T P Gopalan Nambiar on Thursday and said the pioneering innovator and industrialist was a strong votary of making India economically strong. Nambiar (94), the founder of Indian electronic company BPL Group, died on Thursday, family sources said.
01.11 / 02:37
WhatsApp Maharashtra polls: Nominations of 7,994 candidates across 288 assembly seats found valid
The process of filing of nominations by candidates began on October 22 and ended on October 29. The papers submitted by contestants were scrutinised on October 30, while the last date of withdrawal of candidatures is November 4. Polling for the 288-member assembly will take place on November 20 and results will be declared three days later.
01.11 / 02:37
UPS Align Bill performer Olympics Sporting athletics Finally on the road to a sporting chance
GoI is finally focusing its attention to ensure national sports federations serve to promote their sport and athletes rather than become a hindrance. The draft National Sports Governance Bill 2024 focuses on building institutional capacity and governance standards for national sports federations. The aim is to build a modern, flexible and empowered sports administration aligned with Olympic and Paralympic charters. This was a much-needed regulatory intervention, considering the controversies over sexual harassment, favouritism, opaqueness and misgovernance that have dogged a range of federations.
01.11 / 02:19
Provident Williams security performer testing shock cricket India vs New Zealand Live Score, 3rd Test Day 1: All eyes on Virat - Rohit as IND aim to avoid whitewash at Wankhede
India vs New Zealand Live Score, 3rd Test Day 1: Rohit Sharma-led Team India will aim to avoid a whitewash at the Wankhede Stadium in Mumbai as they take on New Zealand in the third and final match of the series. Notably, the Kiwis ended India's 4,331-day unbeaten home series run by securing victories in Pune and Bengaluru.After a string of changes to the playing XI following the defeat in Bengaluru, it will be interesting to see if Gautam Gambhir and Rohit Sharma make further adjustments for the final Test or stick with the same XI that played in Pune.
01.11 / 02:19
UPS Citizens Celebrity 2020 Updates Delhi, NCR AQI Live Updates: Thin smog layer post-Diwali; AQI in THESE places inches close to ‘severe’
Delhi, NCR AQI Live Updates: The air quality in the national capital, Delhi, continues to be a concern as it remains in the ‘very poor’ category a day after the Diwali festivities.
01.11 / 02:19
Booking Dreams Adventure film show travelers gatherings How this family turned reward points into a 'Game of Thrones' adventure
Subscribe to enjoy similar stories. For Dhaval Gandhi, a devoted Game of Thrones fan, visiting Croatia to see the show's filming locations had long been on his bucket list. When his six-year-old’s summer break arrived, he seized the chance to make the dream trip a reality.
01.11 / 01:39
Citizens economy War Celebrity country Investigations International Lebanon's detained former central bank governor faces new corruption charge
A Lebanese judge has charged the country’s detained former central bank governor with illicit enrichment and issued an arrest warrant
01.11 / 01:25
markets UPS Digital Platform Strategy performer Cognizant Q3 profit up 2.8% sequentially; full year guidance revised up
financial services, US-headquartered IT firm Cognizant posted a net profit of $582 million in the third quarter, up 2.8% sequentially and 10.8% on-year. The Nasdaq-listed technology major saw its third quarter revenue growing by 4% sequentially at $5 billion. On a year-on-year (YoY) basis, the revenue was up 3%. Buoyed by its healthy deal pipelines and strong performance in its top two large verticals — Health Sciences and Financial Services, Cognizant revised its FY24 annual revenue guidance up to 1.4-1.9% in constant currency (this assumes approximately 200 basis points of inorganic contribution), from its earlier guidance of -0.5-1%. “Investments in AI-driven platforms, like our Neuro suite and Flowsource, are resonating with our clients and supporting our large deals success. In the third quarter, we signed six deals with a total contract value of more than $100 million each, bringing our year-to-date count to nineteen, which is more than we signed in the full-year 2023,” said Ravi Kumar S, chief executive officer of Cognizant.
01.11 / 01:25
markets Digital Google Platform Experts reports Tech, e-commerce giants rake in Rs 60,000 crore in FY24 ad revenue
e-commerce giants Google, Meta, Amazon, and Flipkart collectively generated over Rs 60,000 crore in advertising revenue in FY24, a 9% increase from Rs 55,053 crore in FY23, according to Registrar of Companies (RoC) filings. For the first time, the Indian arms of Google and Meta surpassed Rs 50,000 crore in combined gross revenue. The marketplace arms of Flipkart and Amazon garnered over Rs 10,000 crore in cumulative ad revenue, with Flipkart Internet alone raking in close to Rs 5,000 crore. Amazon Seller Services, which generated Rs 5,380 crore in ad revenue in FY23, has yet to publish its annual report. However, sources indicate that the company is likely to report strong ad revenue earnings in line with industry trends.
01.11 / 01:25
markets Strategy BTS awards Experts PAM stars European Commission clears Reliance-Disney merger deal
European Commission has approved the creation of a joint venture, Star India, by Reliance Industries Ltd (RIL), The Walt Disney Co. (TWDC), and BTS Investment 1, the latter owned by James Murdoch and Uday Shankar. The commission concluded that the transaction would not raise competition concerns, given the joint venture's negligible activities within the European Economic Area and the limited combined market share of the involved companies. The merger between RIL's Viacom18 and Disney's Star India is expected to conclude in early November, following approvals from the Competition Commission of India, the National Company Law Tribunal and the Ministry of Information and Broadcasting. A senior official had earlier told ET that some international clearances were awaited.
01.11 / 01:25
markets Citi Digital RAI reports Diwali firecrackers smother Delhi in smog as air quality plummets: AQI soars above 900
stubble burning, and local pollution to push the Air Quality Index (AQI) into the “very poor” category. At 10 p.m., the overall AQI for Delhi stood at 330, and certain key areas even recorded “severe” pollution levels.
01.11 / 01:25
markets UPS Provident CEO Strategy IBM innovations Silver lining amid funding winter: IT firms acquiring Indian startups, smaller firms
IT firms are increasingly snapping up Indian startups at a time when the startup ecosystem is amid a funding crunch. Several of the acquired firms are working in the segments of AI, semiconductor, data and analytics and spacetech among others. Most of them are making acquisitions to strengthen their capabilities so that they do not miss out when technology spending, especially in discretionary spends, returns, say analysts. Big IT firms such as Accenture, Infosys and IBM along with many midcaps like Persistent, Cyient, Global Logic and others have recently acquired smaller Indian firms working in cutting-edge technologies. This month, IBM acquired a Bengaluru-headquartered software-as-a-service (SaaS) startup Prescinto for an undisclosed amount. Later in the month Hyderabad IT engineering service provider Cyient acquired 27.3% in US based Indian startup Azimuth AI for $7.25 million. The acquisition will expand Cyient’s capabilities across the semiconductor industry.
01.11 / 01:25
markets Digital wellness testing cricket bowling India vs New Zealand: Team India brace for another spin trial
India could be treading a thin line between bravado and desperation while going for the jugular on a rank turner in the final game of the series, starting Friday. After losing their first home series in 12 years, India need to win the Wankhede Test to remain in contention for a slot in the World Test Championship final at Lord's in June.
01.11 / 01:25
markets UPS Provident Google information Features OpenAI releases ChatGPT search engine, taking on Google
OpenAI on Thursday beefed up its ChatGPT generative AI chatbot with search engine capabilities, as the startup takes on Google's decades-long dominance of web search. The upgrade enables users to receive «fast, timely answers» with links to relevant web sources — information that previously required using a traditional search engine, the company said. The significant upgrade to ChatGPT enables the AI chatbot to provide real-time information from across the web.
01.11 / 01:25
markets Digital President Celebrity band beautiful Videos Diwali celebration: 'Om Jai Jagdeesh Hare' played at White House festivities, IMF's Gita Gopinath praises
Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), shared a video on Thursday featuring the White House military band playing the prayer "Om Jai Jagdeesh Hare" as part of Diwali celebrations. In the video posted by Gopinath on X, the White House was beautifully adorned with marigold flowers, and many guests were seen wearing traditional Indian attire. «Wonderful to hear the White House military band play Om Jai Jagdeesh Hare for Diwali. Happy Diwali,» she wrote in her post.
01.11 / 01:25
markets Citi Digital Career Mercury beautiful Schools Mario Balotelli looking for a fairy-tale swansong at Genoa
Mario Balotelli is looking for a fairy-tale swansong to a nomadic — and often controversial — career. He will have the spotlight on Monday in Parma, where the mercurial forward could make his debut for his latest Serie A club Genoa. Balotelli joined beleaguered Genoa this week, marking his return to Serie A after more than four years. «Mario has arrived with really great motivation. I've spoken a lot with him,» Genoa coach Alberto Gilardino said.

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