Bitcoin and the broader crypto market headed into Friday on the back foot, with most major tokens posting losses over the last 24 hours as traders continued to de-risk alongside equities following Nvidia’s earnings-driven pullback. Bitcoin was trading around $67,766 at the time of writing, down 1.5% on the day but still clinging to a…
NEW DELHI: Information and broadcasting minister Ashwini Vaishnaw said Thursday social media platforms should compensate creators of the content they use for earning billions in profit.“Social media platforms must also share revenue in a fair way with the people who are creating content, whether it is news persons, conventional media, creators in far-flung areas, influencers,…
BENGALURU: Uber’s India business posted total sales of Rs 3,849.2 crore in FY25, up 2.3% y-o-y, reflecting a sharp slowdown in growth even as losses widened significantly, according to consolidated financials accessed via Tofler.Operating loss surged to Rs 1,052.3 crore from Rs 84.8 crore in FY24, with operating margin deteriorating to -27.3% from -2.2%. Net…
Check out the companies making the biggest moves in the premarket: J.M. Smucker — The food stock popped 7% on better-than-expected fiscal third-quarter results. Smucker earned $2.38 per share, excluding certain items, on revenue of $2.34 billion. Analysts polled by FactSet expected a profit of $2.27 per share on revenue of $2.32 billion. Qnity —…
NEW DELHI: Auto component companies are stepping up investments in India, scouting for new acquisitions and expanding capacities as free trade agreements (FTAs) open up fresh export opportunities for them.Executives across companies told TOI that India is fast emerging as a manufacturing and export base, especially for US and European markets, with recent trade deals…
NEW DELHI : SC asked the environment ministry and other stakeholders on Thursday to suggest names of domain experts for the committee to be tasked with defining the Aravali hills and ranges, and observed that only lawful mining would be allowed in the region.The top court, on Dec 29, had taken note of the outcry…
Meet the 11 Indian Americans Who Just Made Forbes’ Most Powerful Innovators List In a striking testament to the evolving face of American ingenuity, 11 Indian Americans have been honoured among Forbes’ 250 America’s Greatest Innovators, a list released as part of the United States’ 250th anniversary celebrations, spotlighting those whose ideas and leadership have…
MARA Holdings shares jumped 17% after the bitcoin mining firm announced Thursday a partnership with Starwood Capital Group to build large data centers across its existing U.S. sites. The agreement will convert select MARA locations, many of which were originally developed for Bitcoin mining, into facilities serving enterprise cloud and artificial intelligence customers. Starwood, which…
NEW DELHI: PM Modi Thursday became the first world leader and politician to cross 100 million followers on Instagram, marking a new milestone in his global digital footprint and online political communication.Modi, who joined the platform in 2014, has steadily built one of the world’s most-followed political accounts. His follower count is now more than…
MP Materials 10X Magnet Manufacturing Facility, Northlake TX. Source: MP Materials MP Materials has chosen Northlake, Texas, for its new $1.25 billion rare earth magnet manufacturing campus, the company announced Thursday, amid a rush to shore up domestic supplies of metals critical for everything from data centers and defense to personal electronics. The facility, dubbed…
