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After car design leak, Xiaomi seeks economic compensation from supplier

After a supplier leaked early design drafts of an upcoming car model, China's Xiaomi has imposed a 1 million yuan ($149,000) penalty on it. ...

From February 9 Twitter to discontinue free access to its API

Social media platform, Twitter has announced that from February 9 it will stop offering free access to its API (Application Programming Interface) and instead launch a paid version....

RailTel receives Rs 253 crore order from SBI for 4G LTE connectivity to ATMs

RailTel Corporation of India has received a work order from the State Bank of India (SBI) for providing 4G LTE connectivity to 15,000 offsite ATMs spread across the country. The work order, valid for five years, is valued at Rs 253.35 crore (excluding taxes), providing last mile connectivity on 4G LTE technology in India. The project has been acquired through a competitive bidding process....

SBI provided loans worth $2.6 billion to Adani Group of companies: Report

According to a media report, State Bank of India (SBI) provided loans worth as much as $2.6 billion to the Adani Group of companies, said a person familiar with the matter. The person also said that the loans given by SBI to Adani Group of companies are about half of what is allowed under the rules. SBI’s exposure includes $200 million from its overseas units, the person said....

Mavenir collaborates with AMD Technology to help CSPs in transition to cloud-native telecommunication networks

Mavenir announced new initiatives in collaboration with AMD to help Communication Service Providers (CSPs) in their transition to cloud-native telecommunication networks....

OpenText acquires Micro Focus

OpenText has completed the purchase of Micro Focus. We are excited to provide expanded offerings to support our customer’s growing needs to digitize and work smarter. With 25,000 ...

AMD CEO finds the company in a 'good position' for data center gains

Advanced Micro Devices’ Chief Executive Lisa Su said that strategies aimed at the data center and embedded systems markets should help the chipmaker or more weakness to come from the PC sector this year. The Data Center business is AMD's largest source of revenue. Su said that AMD is "in a good position to gain share" in the embedded data center market. ...

₹1.56 lakh cr GST collection in January stands second-highest ever

As per the finance ministry, India collected Rs 1.56 lakh crore as Goods and Services Tax (GST) in January. After April 2022, the GST collections for January are second only at Rs 1.56 lakh crore. It is up 10.6 percent from the first month of 2022 and 4.3 percent higher from December 2022. This means GST collections have now exceeded the Rs 1.4-lakh crore mark for 11 months in a row. ...

DPI may contribute around 60-100 bps to India’s GDP growth rate: Economic Survey of 2023

Economic Advisor, V Anantha Nageswaran while presenting the Economic Survey of 2023 said that India's digital public infrastructure (DPI) may contribute around 60-100 basis points (bps) to the country’s potential GDP growth rate and there is a lot of justified optimism around it....

Baidu plans to come up with AI chatbot similar to ChatGPT

These days OpenAI’s ChatGPT has been a hot topic of conversation on the internet. The new application has made Google worried due to its efficiency. On the other hand Microsoft is ready for a multi-billion investment in the company for its language model and is also now integrating it within its suite of services. Whereas, the Chinese search giant, Baidu is planning to bring its own ChatGPT-like AI chatbot....