Category: Business

  • Chinese Chipmaker Yangtze Memory Technologies Files Patent Infringement Lawsuit Against Micron Technology

    CHINA: In a bold move, Chinese semiconductor manufacturer Yangtze Memory Technologies Co (YMTC) has fired the latest salvo in the ongoing chip industry battle by filing a lawsuit against U.S. rival Micron Technology. The lawsuit, lodged on November 9 at the U.S. District Court for the Northern District of California, accuses Micron of infringing on eight…

  • Diwali Muhurat Trading: Stock Market Witnesses Buoyancy

    INDIA. Mumbai: The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) http://National Stock Exchange (NSE)witnessed a positive start to “Samvat 2080” as the benchmark equity indices surged 0.9% during the customary one-hour special ‘ Diwali Muhurat Trading.’ The trading session, held between 6.15 pm to 7.15 pm at the BSE in South Mumbai, marked…

  • Lockheed Martin Secures $33.7 Million Contract for Nuclear-Powered Spacecraft Tech

    UNITED STATES: In a significant leap forward for space exploration, Lockheed Martin has been awarded a $33.7 million contract by the U.S. Air Force Research Laboratory (AFRL) to spearhead advancements in nuclear-powered spacecraft technologies. This initiative, named the Joint Emergent Technology Supplying On-Orbit Nuclear (JETSON) effort, aims to mature high-power nuclear electric power and propulsion…

  • Popular Video Chat Platform Omegle Shuts Down after 14 years 

    PHILIPPINES: Omegle, the beloved platform for random and anonymous video chatting, is bidding farewell to its millions of users worldwide. The announcement comes from the platform’s founder, Leif K-Brooks, who cites the relentless struggle against misuse and a recent surge in attacks on communication platforms as the reasons behind this decision. Omegle, initially launched from…

  • Ford Unveils Mustang GT4, Ready to Roar in SRO GT4 Category from 2024

    UNITED STATES: Ford has unveiled the latest addition to its Mustang race car family, the Mustang GT4. Coming hot on the heels of the Mustang GT3’s debut just a month ago, this remarkable racing machine is all set to roar into the SRO GT4 category, poised to take on competitors starting in 2024. The Mustang GT4,…

  • WhatsApp Bans over 71 Lakh Accounts in India in September as per IT Rules 2021 Compliance

    INDIA: Meta-owned messaging giant WhatsApp made headlines in September by taking strict action against over 71 lakh problematic accounts in India, all in compliance with the new IT Rules 2021. The move came as part of WhatsApp’s commitment to maintaining user safety and ensuring that its platform remains free from abuse and misuse. Between September…

  • Thomson Reuters Pours $100 Million into Generative AI, Unleashing New Era for Professionals

    UNITED STATES: Thomson Reuters Corp., a global leader in information services, has announced a game-changing initiative to invest over US$100 million annually in generative artificial intelligence (AI).  The company is poised to revolutionize the professional landscape by integrating cutting-edge AI capabilities into its suite of products. One such advancement is set to debut on November 15…

  • Threads Software Gives Meta 30 Days to Rebrand Social Platform Amid Trademark Dispute

    UNITED KINGDOM: Threads Software Limited, a U.K.-based company, has issued a 30-day ultimatum to Meta, demanding that the tech giant cease using the name ‘Threads’ for its latest social media venture in the United Kingdom. The software company asserts that it secured the trademark for ‘Threads,’ referred to as an “intelligent message hub,” back in 2012…

  • Vodafone Will Struggle to Get Clean Exit in Spain

    UNITED KINGDOM: Vodafone’s CEO, Margherita Della Valle, faces the challenging task of streamlining the £21 billion telecom group, but it’s a tough task. A potentially chaotic departure in Spain illustrates the point. Della Valle lacks an obvious partner in the nation: the local giant Telefónica is too large, while rivals Orange and MásMóvil are combining with…

  • Microsoft Takes a Stance: Blocks Unauthorised Accessories for Xbox Consoles

    UNITED STATES: In a move to uphold quality and security standards, Microsoft has announced the blocking of unauthorised accessories for Xbox consoles, leaving third-party manufacturers scrambling for solutions. Microsoft has recently confirmed its decision to prevent the use of unauthorised accessories with Xbox consoles, citing concerns about compromised gaming experiences.  The company emphasized that licensed…