Tag: Business
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India’s HCLTech results beat on financial services boost; enters data center business
BENGALURU, July 13 : HCLTech, India’s third-largest software services exporter, beat profit and revenue expectations for the first quarter on Monday, buoyed by strength in its financial services and a weak rupee.The company also retained its annual revenue forecast while announcing a foray into the data cente
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Explainer-Europe’s digital euro: What it is and how it would work
MILAN, July 13 : Talks between the European Parliament, European governments and the European Commission on rules for a digital euro begin on Monday, three years after the legislation was first proposed. The negotiations aim to produce a final law by the end of the year, paving the way for the European Cen
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Global smartphone shipments in second quarter hit lowest in 13 years on memory chip crunch
July 13 : Global smartphone shipments fell 11 per cent in the second quarter to their lowest level for the period since 2013, as a prolonged memory chip shortage drove up handset prices and dampened demand, according to early estimates from Counterpoint Research. Apple bucked the trend with a 3 per cent rise
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EU imposes sanctions on Russians over human rights and cybercrime
July 13 : The European Union on Monday broadened sanctions against Russia to include individuals and entities responsible for cybercrime and human rights violations, naming popular social media app VKontakte among them.• VKontakte and its daughter company Communication Platform LLC were added to the list fo
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FAA closes Starship review ahead of SpaceX’s next test flight this week
WASHINGTON, July 13 : The U.S. Federal Aviation Administration on Monday closed its review into a SpaceX Starship booster’s return failure that occurred during a flight test in May, clearing the way for Elon Musk’s space company to launch the rocket’s next test flight from Texas as soon as this week.
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Paramount-WBD merger expected to face lawsuit from multiple states, sources say
Multiple state attorneys general are expected to file a lawsuit challenging the merger between Paramount Skydance and Warner Bros. Discovery, David Faber reports.
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Tech stocks skid, bond yields rise as Gulf conflict sends oil surging
July 13 : Tech stocks fell sharply and government bond yields rose on Monday as investors grappled with concerns over a fresh escalation in the Middle East conflict and valuations in AI-related shares.U.S. and Iranian forces renewed exchanges of heavy missile and drone assaults, with Tehran saying it had agai
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Nobel laureates among more than 200 experts urging action on AI’s economic impact
July 13 : More than 200 researchers and economists, including 15 Nobel laureates and researchers at OpenAI, Anthropic and Google, have called for governments and technology leaders to urgently create policies and institutions to address the economic impact of AI.They issued the jointly signed statement on Mon
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US-based fintech firm Payoneer opens tech hub in India, boosts hiring
July 13 : Nasdaq-listed fintech firm Payoneer Global plans to hire around 300 engineers by end of 2026 for its new global capability centre in India, joining a growing list of companies tapping into the world’s most populous country to fulfill their talent needs.Global firms including Mastercard, PayPal and R
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Intel announces $5.7 billion AI-driven capital investment in Ireland
LEIXLIP, Ireland, July 13 : Intel has begun a €5 billion ($5.7 billion) capital investment to upgrade its Irish campus and expand its European output to meet growing global demand for AI and high-performance computing, the U.S. chipmaker said on Monday.Intel said the move would upgrade and maximize capacity
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