Bitfarms (BITF) is moving its legal base from Canada to the United States and will rebrand as Keel Infrastructure as part of its pivot from bitcoin mining BTC$70,300.56 to data center development for high-performance computing (HPC) and artificial intelligence (AI) workloads. The redomiciling process, announced in a Friday press release, will be subject to shareholder,…
Foreign exchange reserves climbed sharply to a new record level in the week ended February 13, rising by $8.663 billion to $725.727 billion, the Reserve Bank of India (RBI) said on Friday, PTI reported.The latest increase follows a decline of $6.711 billion in the previous reporting week, when the reserves had slipped to $717.064 billion….
Microsoft CEO Satya Nadella emphasized cyber resilience as crucial for sovereignty, warning that isolation from global threat intelligence creates vulnerabilities. He highlighted AI’s role in evolving software development and announced significant AI partnerships in India, underscoring a new era of innovation driven by data and multi-model reasoning for enhanced decision-making. BENGALURU: Microsoft CEO Satya Nadella…
MUMBAI: Simone Tata (nee Dunoyer), a Swiss national who married into the Tatas and built India’s most enduring cosmetics brand, passed away in Mumbai Friday at 95.Lakme, a Tata venture born of an unusual request by then PM Nehru, who noticed that Indian women relied heavily on imported cosmetics, draining precious foreign exchange, was named…
NEW DELHI: French President Emmanuel Macron on Thursday concluded his three day visit to India with a “Thank You India!” message, after attending the India AI Impact Summit 2026 and holding bilateral talks with Prime Minister Narendra Modi.In a post on X, Macron shared a video of moments from his visit along with a note…
Lalit Modi (L) on Dec 16 hosted a birthday bash at his London residence at Belgrave Square for his friend Vijay Mallya NEW DELHI: India is committed to bring back all fugitives who are wanted here to face prosecution, ministry of external affairs (MEA) spokesperson Randhir Jaiswal said Friday at a media briefing.He was replying…
After nearly four years of underperformance, India’s information technology stocks are entering 2026 with expectations shaped more by realism than hype, as investors assess whether artificial intelligence can finally revive growth after a prolonged slowdown.The Nifty IT index is trading close to a four-year low, a sharp reversal from the pandemic-era boom that once made…
File photo: US treasury secretary Scott Bessent (Picture credit: AP) The Trump administration is considering lifting sanctions on around 140 million barrels of Iranian oil currently stranded on tankers in a bid to boost global supply and cool surging crude prices, as the war in the Gulf continues to hammer energy infrastructure and disrupt shipping…
HYDERABAD: I-T sleuths on Sunday launched a pan-India survey of around 70 restaurants, including some in Delhi and Mumbai, to scan alleged billing software manipulation for suppression of sales and lower tax payments.The sales concealment for the 70 outlets is around Rs 700 crore, part of a wider understatement of Rs 70,000 crore linked to…
File photo: Byju Raveendran (Picture credit: IANS) BENGALURU: The Delaware Bankruptcy Court has entered a default judgment of more than $1.07 billion against Byju Raveendran, after finding that the edtech founder repeatedly failed to comply with court-ordered discovery in the Byju’s Alpha adversary proceeding. A default judgment is a ruling issued when a party does…
