IN-SPACe director Vinod Kumar NEW DELHI: Space promoter and regulator IN-SPACe on Wednesday announced an AI inspired seed fund scheme of Rs 6 crore for startups or people interested in developing AI applications in the space sector.The seed fund initiative is aimed at accelerating AI-driven innovation across India’s private space ecosystem through targeted financial and…
Igor Runets, who founded Russia’s largest crypto mining firm BitRiver, is under house arrest on tax evasion charges, Bloomberg reported on Monday. Runets was detained on Friday and is facing three charges for allegedly concealing assets to evade taxes. Runets’ legal team now has a small window to appeal the house arrest before it becomes…
The combined market capitalisation of seven of India’s 10 most valued companies fell by Rs 3,63,412.18 crore last week, with Reliance Industries emerging as the biggest laggard amid a broader sell-off in equities, PTI reported.The benchmark BSE Sensex declined 2,185.77 points, or 2.54 per cent, during the week, reflecting weak investor sentiment.“Indian equity markets ended…
Crypto exchange Binance has transferred roughly $100 million worth of bitcoin from one of its hot wallets into its Secure Asset Fund for Users (SAFU), marking an early on-chain step in the exchange’s plan to reframe its user protection reserve around bitcoin. Blockchain data shows about 1,315 BTC moved in a single transaction from a…
T’puram/ Kochi: CPM on Sunday announced it will contest 86 assembly seats in Kerala and named 81 candidates, including six CPM-backed Independents and 10 women. Soon after, many CPM candidates took to the streets, organised rallies, and began campaigning on Sunday itself. CPM state secretary, M V Govindan, said that of the 86 candidates, 75…
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NEW DELHI: CBI Friday questioned Jai Anmol Ambani in connection with their ongoing investigation into an alleged Rs 228 crore bank fraud involving Reliance Home Finance Ltd. (RHFL). The son of industrialist Anil Ambani appeared at the CBI head office in Delhi, where he was examined by investigating officers for around six hours. Following the…
IREN’s (IREN) latest earnings offered a snapshot of a company mid-transition, with shares currently paying the price for that transition. The firm reported weaker-than-expected revenue and earnings as bitcoin BTC$69,614.17 mining took a back seat to its rapidly expanding AI cloud ambitions. Crushed by record-low margins after the 2024 halving, bitcoin miners are recasting themselves…
In 2024-25, the US maintained its position as India’s principal trading partner for the fourth year running. (AI image) India-US trade deal: Commerce and Industry minister Piyush Goyal on Wednesday shared an important update on the ongoing India-US trade deal talks. The US team is in Delhi this week for another round of discussions on…
