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Reddit plans to issue shares to 'most active' users
Reddit is considering selling a portion of its IPO shares directly to approximately 75,000 of its most active users. Sources familiar...
Feb 23, 20242 min read


Wipro partners with Intel Foundry to ramp up semiconductor operations
Wipro Limited on Friday announced an expanded collaboration with Intel Foundry to expedite chip design innovation amid increased demand...
Feb 21, 20241 min read


Indian tech sector growth set to halve this fiscal: Nasscom
India's technology sector anticipates a decelerated growth trajectory this fiscal year, with clients exercising caution in spending and...
Feb 17, 20242 min read


OpenAI valued at $80 billion after deal
OpenAI has finalized a deal that appraises its market value at $80 billion or higher, as disclosed by three individuals familiar with the...
Feb 17, 20241 min read


Israeli firm to set up $8 billion chip factory in India
Tower Semiconductor, an Israeli chip manufacturing company, has proposed an $8 billion investment to construct a chip manufacturing...
Feb 12, 20241 min read


Excess scrutiny of Chinese firms driving away suppliers: Xiaomi to India
China's Xiaomi has in a letter told Indian government that its scrutiny of Chinese companies is driving away suppliers. According to...
Feb 11, 20241 min read


TSMC 2023's biggest chipmaker, leaves behind Intel, Samsung in revenue
Source: Taiwan Semiconductor Manufacturing Co., Ltd Taiwan Semiconductor Manufacturing Company (TSMC) in 2023 surpassed both Intel and...
Feb 7, 20242 min read


Dutch firm Yandex divests Russian businesses in $5.2 billion deal
Dutch company Yandex NV has agreed to sell its Russian businesses in a Kremlin-brokered 475-billion-rouble, or $5.21 billion, deal to a...
Feb 5, 20242 min read


Paytm market value down by $2.5 billion since RBI crackdown; traders warned against app use
Beleaguered fintech firm, Paytm witnessed a 10 per cent decline in its shares on Monday, nearing an all-time low. The fall is a...
Feb 5, 20242 min read


Chinese carmaker Geely deploys 11 satellites for precise vehicle navigation
Chinese automaker Geely Holding Group has deployed its second set of low-Earth orbit satellites, launching 11 of them in space from the...
Feb 4, 20241 min read


Paytm loses fifth of market value post RBI directive
Indian digital payments firm Paytm saw a 20 per cent drop in market value on Thursday as the central bank instructed its payment bank...
Feb 2, 20242 min read


Reliance builds 'Jio Brain' to bring power of AI to telecom
Jio Platforms, a subsidiary of Reliance Industries, has built an AI-powered platform named 'Jio Brain,' which integrates machine learning...
Jan 31, 20241 min read
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