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Meta levied charges for free Internet in developing countries

As per reports, Meta has charged its Internet users in developing countries like Pakistan, Indonesia and the Philippines, in the name of offering them free access to the Web....

IISc Bangalore installs India's most powerful supercomputers

Indian Institute of Science has installed one of India’s most powerful supercomputers, Param Pravega, one of the largest supercomputers ever installed at an Indian academic institution under the National Supercomputing Mission (NSM). ...

Co-branded credit card launched by PNB with Patanjali in partnership with RuPay

Punjab National Bank (PNB) and Patanjali Ayurved Limited (PAL) have launched co-branded credit cards in partnership with the National Payments Corporation of India (NPCI). ...

Digital Rupee may encourage crypto-related operators to provide more jobs in India

Following the announcement of India’s Finance Minister Nirmala Sitharaman in the Union Budget 2022 that Reserve Bank of India (RBI) will issue digital currency based on blockchain technology in 2022-2023; ...

Shopee's India website faces trouble for violating Competition Act

The Confederation of All India Traders (CAIT) has moved to the Competition Commission of India (CCI) in opposition to ‘Chinese’ e-commerce agency Shopee, claiming that the agency allegedly indulged in predatory pricing and deep discounting ways and violated the Competition Act. ...

FTX raises $400Mn at $32Bn valuation

Crypto bandwagon FTX Trading Ltd. has raised $400 million as part of its latest Series-C funding round, valuing the company at $32 billion. FTX has become one of the world’s largest crypto exchanges since its launch about three years ago, in part through marketing. ...

Polytrade announces the launch of its Mainnet to provide working capital to SMEs using crypto liquidity

Polytrade finance, a DeFi lending platform providing working capital to Small and Medium Enterprises (SMEs) in the real-world using crypto liquidity has announced the launch of its much-awaited Mainnet. The launch of the Polytrade mainnet is a significant step in history as it would harness huge liquidity in the crypto world to directly support small businesses across the globe, making a real-world use of the digital currency. ...

Cabinet to take up FDI proposal for LIC next week

The union Cabinet is expected to take up a proposal to allow foreign investment in Life Insurance Corporation as soon as next week, to help facilitate the initial public offering of the state-owned insurer. The final proposal would be moved for Cabinet's consideration soon and the approval is expected by February....

BEL to supply IoT devices to the US as part of $73 Mn deal with Hyperion Global Group

Bharat Electronics Limited (BEL) and Hyperion Global Group, LLC, an US infrastructure telecommunication distribution company, have entered into a contract to develop, manufacture and supply Internet of Things (IoT) devices for the US market....

Worldwide Semiconductor Revenue Grew 25.1% in 2021, Exceeding $500 Billion For the First Time

STAMFORD, Conn. — Worldwide semiconductor revenue increased 25.1% in 2021 to total $583.5 billion, crossing the $500 billion threshold for the first time, according to preliminary results by Gartner, Inc. ...