Matthias Balk | Picture Alliance | Getty Images Five years ago, venture capitalists were pouring money into American startups selling everything from lingerie subscriptions to scheduling software, anointing them with billion-dollar valuations before most even turned a profit. It was a frothy era for startups, fueled by a combination of cheap money and pandemic-boosted demand….
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Cardano’s flagship Summit will not take place in 2026 after the Cardano Foundation’s treasury proposal narrowly failed to secure the supermajority needed for approval, marking one of the clearest tests yet of the blockchain’s new governance system. Governance requires not only participation, but also a commitment to accept collective decisions. The Cardano community has spoken…
NEW DELHI: Former Tamil Nadu BJP president K Annamalai on Monday added fresh fuel to speculation about his political future after he left for Delhi from Chennai and declined to dismiss reports that he could be preparing to launch a new political outfit.When asked about the growing buzz surrounding a possible new party, Annamalai said,…
India and the United States are inching closer to signing the first tranche of the proposed bilateral trade agreement, with most of the key details already settled, commerce and industry minister Piyush Goyal said on Monday. His remarks came as a high-level US delegation arrived in New Delhi for a fresh round of negotiations. Speaking…
MUMBAI: The income tax appellate tribunal’s (ITAT) Mumbai bench has held that the absence of a formal gift deed cannot, by itself, justify treating a property purchase as an ‘unexplained investment’ when the source of funds is clearly identifiable. Under I-T laws, if income or an asset is treated as unexplained, it is subjected to…
India’s digital payments network continued its rapid expansion in May, with Unified Payments Interface (UPI) transactions climbing to their highest-ever monthly levels in both value and volume, latest data from the National Payments Corporation of India (NPCI) showed.During the month, UPI handled 23.2 billion transactions worth Rs 29.90 lakh crore, surpassing the previous month’s figures…
(L to R) Jensen Huang, President and CEO of Nvidia Corporation, Google CEO Sundar Pichai and Mark Zuckerberg, CEO of Meta, arrive for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the US Capitol in Washington, D.C., on Sept. 13, 2023. Andrew Caballero-reynolds | Afp | Getty Images Seemingly every company is obsessed with…
India’s manufacturing sector expanded at its fastest pace in three months in May, supported by strong domestic demand, infrastructure-led activity and rising new business orders, even as higher costs linked to the Middle East conflict continued to weigh on manufacturers, a monthly survey showed on Monday.The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI)…
