Bharat Sanchar Nigam Ltd (BSNL) is set to revolutionize its telecommunications services with the introduction of a new over-the-air (OTA) and Universal SIM (USIM) platform. This cutting-edge platform, compatible with both 4G and 5G networks, will allow BSNL subscribers to select their mobile numbers on demand and replace SIM cards without being bound by geographical limitations.
Launched in…
Alibaba Group Holding has elevated its AI game with the introduction of Qwen2-Math, a new suite of large language models (LLMs) specifically designed to excel in mathematical problem-solving. According to the e-commerce giant, these models outperform OpenAI’s GPT-4o and other leading LLMs in mathematics.
Announced during a developer update on GitHub, the Qwen2-Math models build upon the earlier…
Cisco, the leading manufacturer of networking equipment, is set to announce another wave of layoffs as early as Wednesday, coinciding with its fourth-quarter earnings report. This latest round of job cuts follows a previous reduction in February, which saw 4,000 employees let go. The new layoffs could match or slightly exceed this number.
The decision comes as Cisco aims to refocus its business…
Suzano SA, the world’s largest wood pulp supplier based in São Paulo, reported a substantial loss of BRL 3.77 billion ($680 million) for the quarter ending June, marking the company’s largest quarterly loss since 1998. This loss starkly contrasts with the BRL 5.1 billion profit reported during the same period last year. Analysts had projected a profit of BRL 2.13 billion, according to…
Binance has announced a significant recovery of over USD 73 million in user funds stolen through external hacks as of July 31, 2024. This achievement surpasses the approximately USD 55 million the exchange managed to recover throughout 2023.
Jimmy Su, Binance’s Chief Security Officer, emphasized the role of blockchain technology in enhancing security: “Blockchain technology provides a robust…
Equity Residential has announced a significant acquisition, agreeing to purchase 11 apartment properties from Blackstone’s real estate unit for approximately $964 million. This transaction, marking the largest apartment purchase by a public REIT in seven years, includes complexes located in Atlanta, Dallas/Fort Worth, and Denver. The 3,572 units are poised to enhance Equity Residential’s…
Shares of Aadhar Housing Finance Limited, a company specializing in low-income housing finance, soared by 4.6% to ₹432 in Tuesday’s trading session. This surge follows the company’s announcement of a robust 37% year-on-year increase in net profits for Q1 FY24-25, reaching ₹200 crores.
At 10:49 AM, Aadhar Housing Finance shares were trading at ₹417.75, up 1.2% from the previous close of…
Tata Motors is banking on the upcoming FAME-III scheme and the festive season to invigorate its electric vehicle (EV) sales. Vivek Srivatsa, Chief Commercial Officer of Tata Passenger Electric Mobility Ltd, has urged for the prompt announcement of the FAME-III scheme, which he believes is crucial for reviving the current slowdown in four-wheel EV sales.
The end of the Faster Adoption and…
US Judge Rules Google an Illegal Monopolist: Future Implications and Potential Remedies
On Monday, Federal Judge Amit Mehta ruled that Google’s practices violate fair competition laws, a decision that could reshape the tech landscape. The ruling supports the US Department of Justice’s claim that Google’s exclusive default search agreements breach antitrust regulations. Mehta’s decision now…
Gentari Green Mobility India has unveiled the “Gentari Go” app, a significant advancement in the country’s clean energy landscape. The app integrates a range of sustainable solutions, including electric vehicle (EV) charging, home solar systems, and forthcoming test drive options.
Navjit Gill, Gentari’s Country Head for India, emphasized the company’s dedication to achieving net-zero…
