NOT Financial News

Alphabet Inc. unit still hasn’t figured out how to incorporate the new, fast-growing technology without threatening its essential advertising business. The shares were down less than 1% in premarket trading Thursday.

Sporta Technologies, which operates the fantasy sports platform Dream 11, not to take any steps towards insolvency and keep the company as a going concern. The appellate tribunal said it has already stayed the Corporate Insolvency Resolution Process (CIRP) of the company. «We only clarify that IRP is directed not to take any steps in the CIRP, however, IRP being in the place shall keep the company as a going concern,» the NCLAT said in its order.

Public Provident Fund (PPF) accounts before April 5, hoping to capitalise on the additional interest accrued from early investment. Indeed, depositing a lumpsum between April 1 and April 5 annually in a PPF account, assuming a consistent interest rate of 7.1%, yields a substantial maturity amount compared to monthly deposits of ₹12,500 over the subsequent 15 years. With monthly investments of ₹12,500 in a PPF account for 15 years at a constant interest rate of 7.1%, the total amount earned is ₹40,20,301.

«There is work that is being done on the charging infrastructure. Charging infrastructure needs a lot more work to do and we are also doing some work in that area,» says Ravi Pandit, Chairman, KPIT Technologies. Can you outline for the benefit of our viewers that how has KPIT benefited because of EVs? How much of your total business is coming from EVs? And do you think EV is not just a fad, it is a real deal? We believe that EV is not a fad. EV is actually a complete structural change in the auto industry. Now, there are two-three things which are driving growth for a company like us. One is that EV by itself is a change in the powertrain. So, how do you have a new powertrain, whether it is a battery electric or a fuel cell electric and technologies relating to that, so that is one thing which is really purely related to EV as such.

startup ecosystem, the shift of investors' interest towards ESG norms— environmental, social, and governance — is seen as another major reason for the funding slowdown in the new age businesses. Investors, nowadays, are more concerned about sustainability, carbon reduction, and improved working conditions of businesses, besides financial parameters.

National Conference chief Farooq Abdullah will not contest the upcoming Lok Sabha election due to his "health condition", party vice president Omar Abdullah said on Wednesday. Farooq Abdullah, 86, a former chief minister of the erstwhile state of Jammu and Kashmir, is the sitting member of Parliament from Srinagar Lok Sabha constituency. The NC has decided to field candidates in all three LS constituencies in Kashmir and support the INDIA alliance on two seats of Jammu division.

Former Chrysler and Home Depot CEO Bob Nardelli on consumer expectations clashing with EV market results and the state of the U.S. economy.

Software Is Eating the World'. He convincingly argued that software-led companies like Apple, Amazon and Netflix were 'eating' brick-and-mortar companies, such as Blockbuster, Borders and Walmart, to become global category leaders. Andreessen's predictions did bear out, with software behemoths like Alphabet, Microsoft and Meta becoming the world's largest companies. As the age of IT and software gives way to AI, there are declarations of how AI is eating software. It seems that new emerging titans like OpenAI and their LLMs — which are built on colossal amounts of data and powered by new kinds of software algorithms called transformers — are taking over. However, it's actually hardware that is again emerging as the dominant species in the AI age. Nvidia, US-based MNC and maker of GPUs (graphics processing units), the hardware that powers most generative AI software, was at a $300 bn valuation in the pre-ChatGPT era in Nov 2022. It is $2.3 tn today, a nearly eight-fold jump.

Xi Jinping has told his US counterpart Joe Biden that the Taiwan question is the «first red line» that must not be crossed by Washington, and warned that Beijing will not «sit on its hands» if "Taiwan independence" forces step up their "separatist activities" with the help of external elements. Biden spoke on the phone with Xi on Tuesday, marking the first conversation between the two leaders since their historic in-person summit last November in San Francisco and the latest in ongoing efforts by US and Chinese officials to defuse tensions between the two countries. The White House described the one-hour-45-minute conversation as «candid and constructive» on a range of issues on which the leaders agreed and disagreed. Biden stressed the need to maintain «peace and stability» across the Taiwan Strait and he also raised his concerns over China's support for Russia's defence industry, the White House said.

Arvind Kejriwal in connection with the Delhi Excise Policy 'scam' on Wednesday. Kejriwal, the Delhi CM and Aam Aadmi Party's (AAP) national convenor, had filed a plea, challenging his arrest by the ED in the case. The financial probe agency opposed his petition, saying the probe is not over yet.

Arif Chaudhry, a prominent leader of the Joint Awami Action Committee's Mirpur chapter, held a press conference at the Mirpur Press Club on Tuesday, addressing the Pakistan aministration's disregard for the people of Pakistan-occupied Kashmir (POK). Chaudhry emphasised the lack of fulfilment of promised rights and resources for PoK residents, highlighting Mirpur's repeated sacrifices for Pakistan's benefit despite ongoing neglect and suppression.

additional fees to renew driving licence and to issue registration certificate for motorcycles beyond the prescribed time limit was not a penalty or deterrent. A division bench of the HC on Tuesday upheld the rules framed under the Central Motor Vehicles Act which provided for levy of additional fees for renewal of driving license for which an application is made after the grace period, renewal of registration certificate for motorcycles and for delay in submission of a no objection certificate (NOC) for transfer of ownership of vehicles. The bench of Chief Justice D K Upadhyaya and Justice Arif Doctor dismissed petitions filed by two transport sector related trusts — K Savakash Autorickshaw Sangha and Mumbai Bus Malak Sangathana — challenging the validity of the rules. «We have no hesitation to hold that the levy of additional fee in this case, is in no manner a penalty, either directly or in disguise,» the HC noted. The petitioners claimed the provisions levying additional charges are, in fact, a penalty in the guise of fee and that no additional service is being provided. The bench, in its order, noted that as per provision of the Act, the government was empowered to levy additional fees.

Goldman Sachs chief investment officer Sharmin Mossavar-Rahmani, said in an interview with the Wall Street Journal, Bitcoin is not considered an investment asset class, adding “we’re not believers in crypto.”

Aam Aadmi Party's Atishi a legal notice for saying that she was warned to join the BJP or go to jail on Wednesday. «We've given a legal notice to (Delhi Minister and AAP leader Atishi ) to provide evidence, We will not let her escape. This time she has to answer,» said Delhi BJP chief Virendra Sachdeva. «She is lying and her allegations are baseless and it is in AAP's nature to lie. We had given her time to apologise, but she didn't apologize. So we have sent a defamation notice,» he said.

₹542 to ₹570 apiece of the face value of ₹5. On Tuesday, the Bharti Aitel's arm, garnered ₹1,924 crore from the anchor investors.

Israel-Hamas war has led to destruction of infrastructure worth $18.5 billion On Monday, an Israeli military strike resulted in the tragic deaths of seven aid workers from the non-profit organisation World Central Kitchen as they were delivering food to starving civilians in Gaza. The workers were traveling in two armoured cars marked with the charity's logo and another vehicle.

Pep Guardiola insists Manchester City's experience of thriving under the pressure of a title race will not be the decisive factor in who wins the Premier League. Guardiola's men are aiming to become the first side to ever win four consecutive English top-flight titles and claim their sixth Premier League crown in seven seasons. However, City will have to come from behind in the final nine games of the campaign after a 0-0 draw at home to Arsenal on Sunday left them still in third.

Ukrainian drone struck Russia's third largest oil refinery on Tuesday about 1,300 km (800 miles) from the front lines, hitting a unit that processes about 155,000 barrels of crude per day though an industry source said the damage was not significant. Russian officials said its jamming devices locked onto a Ukrainian drone near Tatneft's Taneco refinery, which has an annual production capacity of more than 17 million tons (340,000 barrels per day). Pictures from the scene indicated the drone hit the primary refining unit, CDU-7, at the refinery, though the drone appears to have not done serious damage.

Salaar and Kalki 2898 AD have found it tough to find buyers in the OTT industry, which had splurged on acquiring such movies post theatrical release. Streaming services want the acquisition prices of films featuring top stars to be linked to their box office performance, trade experts said, just as in the case of smaller movies. Overall, OTT rates for big-budget movies have fallen by 20-30%, and platforms are no longer keen to buy titles for perpetuity either, they said.

South Korea’s president has vowed not to back down in the face of vehement protests by doctors seeking to derail his plan to drastically increase medical school admissions

Bhavish Aggarwal, has revealed the company's new electric scooter. Named Ola Solo, it is touted to be the world's first autonomous electric scooter. «Promised you a new product and here it is! Presenting ‘Ola Solo — India's first autonomous electric scooter.’ Solo is fully autonomous, AI-enabled, and a traffic-smart scooter. Hail a ride or drive your own Solo. We will disrupt ride-hailing and local commerce!» Bhavish said in a post on X.