Top Trending Technology News & Highlights
"AI cannot exist in a vacuum. Deep investments are being made in infrastructure development: Google executives announce the company's $15 billion commitment to an India data center powerhouse. "
Many tech companies' fortunes are directly tied to AI technology, and billions of dollars have been invested in building the AI infrastructure. However, a top Google executive has denied that artificial intelligence is in a bubble, despite growing voices in Silicon Valley and Wall Street suggesting that a bubble may be forming and could eventually burst."It cannot just be a bubble when you consider the magnitude of the money coming in from the entire ecosystem. The construction of AI infrastructure is a significant financial commitment. The process is self-fulfilling. At an event in Delhi on Tuesday, Karan Bajwa, President of Google Cloud, Asia Pacific, told IndianExpress.com, "We are developing capabilities, building infrastructure, bringing them to market, and customers are using them."Following the announcement of a $15 billion investment by the Mountain View, California-based corporation to construct data center capacity for a new AI hub in Andhra Pradesh, the CEO made these remarks. Andhra Pradesh Chief Minister N Chandrababu Naidu, Google Cloud CEO Thomas Kurian, Finance Minister Nirmala Sitharaman, and Ministers Ashwini Vaishnaw of Electronics & Information Technology, Railways, and Information & Broadcasting attended the high-profile event in Delhi.The Visakhapatnam data center will become Google's largest AI hub outside of the US after the investment is implemented over the course of the following five years.
Published 14 Oct 2025 09:14 PM
Keep music out of your ears rather than in them with SHOKZ OpenRun Pro 2.
Given how many calls we have to answer, we all spend a lot of time between earphones. We also try to relax by taking walks and running while listening to music or podcasts. Since noise-cancelling devices literally create a vacuum in the canal, our ears are not really designed to handle in-ear audio.This explains why some people, at the very least, favor open-ear headphones and earbuds that allow for natural music listening without isolating you from the outside world. The alternative strategy is used by SHOKZ, a company that produces open-ear headphones that provide sound without causing any damage to the ear canals by using bone conduction technology. The SHOKZ OpenRun Pro 2 maintains your ear canals entirely open while producing high-quality audio through the use of bone conduction and air conduction technology. You can simultaneously hear music and your surroundings thanks to this "open-ear" design, which is especially helpful for safety when running and cycling.
Published 13 Oct 2025 05:31 PM
I gave the Google Pixel 10 Pro Fold a try… I am now convinced that I don’t need multiple devices
After a month of work-related travel to four major US cities, I returned to India and realized that managing three phones, a laptop, a tablet, a handheld console, and over-ear headphones was no longer feasible for me. It could be overwhelming at times – flying from one city to another, undergoing numerous security checks, and constantly fearing that a device might be left behind. This journey prompted me to reconsider the limits of excess, particularly given that I was going to consecutive tech events in various locations. It seems that I have at last come to understand that juggling several devices is simply not for me. For tech journalists, it is now far more sensible to have a single device, such as the Google Pixel 10 Pro Fold. Though foldables are not yet mainstream (their high cost keeps them out of reach for most consumers), in my experience, the phone-tablet duo does provide a difference compared to carrying a separate phone and tablet; In addition, the user experience appears to have enhanced.While the Pixel 10 Pro Fold may appear similar to last year’s Pixel 9 Pro Fold that I reviewed, it boasts significant enhancements including a larger battery, a quicker Tensor G5 chip, upgraded cameras, improved displays, water resistance for folding phones, and enhanced integration with Google’s Gemini AI tools. It didn’t take me long to adapt to the folding Pixel 10 Pro Fold, which felt more polished and personal, but switching from my iPhone to the Google phone was still a challenge.
Published 09 Oct 2025 04:24 PM
OpenAI DevDay 2025: ChatGPT introduces apps, AgentKit for developers, and cost-effective GPT models
The third edition of the DevDay developer conference has been concluded by OpenAI. This year’s conference was a mixed bag, with some new and useful features alongside incremental upgrades, in contrast to last year when OpenAI did not conduct any major product launches. It appears that OpenAI may be working to develop ChatGPT into a fully realized AI-powered operating system. Additionally, the company launched two new, more affordable real-time voice models, a developer toolkit named AgentKit, and introduced apps within ChatGPT. Take a quick glance at all the announcements OpenAI made at DevDay 2025.OpenAI CEO Sam Altman unveiled AgentKit, a robust toolkit aimed at simplifying the creation and implementation of AI agents, in an exciting announcement at the recent Dev Day event. Altman explained, “AgentKit is a comprehensive set of resources on the open AI platform designed to assist developers in moving their agents from initial concept to full-scale production.” This effort forms part of OpenAI’s wider strategy to boost developer engagement by simplifying the process of building agents. With the introduction of AgentKit, OpenAI demonstrates its dedication to maintaining competitiveness in a fast-changing environment, where numerous AI platforms are working to offer integrated solutions for developing autonomous agents that can manage intricate tasks. A key highlight of the event was the introduction of a feature that allows users to build applications right within ChatGPT, which has recently reached an astonishing 800 million weekly active users.
Published 07 Oct 2025 09:09 PM
Technology
21st century is dedicated to the Technology and technology is dominating everywhere and every part of the world and almost all the industries are now a days is technology dependent or they need technology help to drive more scale and deliveries.
The greatest investment of 2024 was Bitcoin, despite its typical volatility.
As new exchange-traded funds brought about broader adoption and as expectations for deregulation under a new presidential administration propelled digital assets to all-time highs, Bitcoin was by far the best-performing asset class in 2024.But as this month's trade makes abundantly evident, cryptocurrency ownership also entails the same instability and wild swings. Since beginning the year at around $40,000, the price of bitcoin has more than doubled, and it is currently trading close to $94,000. Ether last traded at over $3,355, and it has gained almost 50% so far this year. The weeks after the U.S. presidential election were the year's most successful period. Anticipating that President-elect Donald Trump's victory over Vice President Kamala Harris would pave the way for more regulatory certainty and attract fresh investment, the cryptocurrency surged beyond $108,000 for the first time by mid-December. However, prices have decreased since then. The idea that the Federal Reserve's rate reduction will be implemented more slowly than expected has caused Bitcoin to decline for the month. Toward the close of the year, the market has also experienced a period of choppiness and apparent profit-taking.
Hitachi and Eros commemorate their 55-year collaboration.
Over the past 55 years, EROS and Hitachi have established an impressive legacy of innovation, reliability, and quality. Their collaboration started while EROS was just getting started, and it was the start of a journey that would influence household appliances and electronics in the UAE and worldwide.EROS was founded in the early 1960s with the intention of providing premium electronics to satisfy the expanding needs of the Middle East. Its first significant partner was the Japanese multinational corporation Hitachi, which opened the door to a fruitful and long-lasting partnership. The region's electronics sector was only getting started at the time, and Hitachi's inventive, dependable technology soon became well-known. The collaboration between EROS and Hitachi grew along with the region's need for contemporary electronics and home appliances. As a significant distributor, EROS brought Hitachi's appliances and home solutions to local customers.A common dedication to quality and innovation has been one of the pillars of the EROS-Hitachi collaboration. Customers of EROS have responded favorably to Hitachi's energy-efficient, long-lasting, and user-friendly products, which have continuously introduced new technology to the market.With its state-of-the-art technology and unparalleled dependability in household appliances, Hitachi continues to be a crucial brand in EROS' lineup. Customers around the region may readily access Hitachi's products thanks to EROS' extensive physical and online retail network. Hitachi sets the standard for home solutions that blend outstanding performance, contemporary design, and great value because to its constant innovation. Rajat Asthana, COO of EROS Group, states, "Our partnership with Hitachi is a testament to the power of collaboration, trust, and innovation." "We have been dedicated to providing our clients with quality, cutting-edge technology, and outstanding value for the past 55 years. Our shared commitment to the UAE's dynamic economy is reflected in the legacy we have created. We're excited to carry on with this journey and launch even more innovative products.
Wiley's Jarrett on how ethical AI can revolutionize the publishing business
The way researchers interact with their readers is being profoundly altered by artificial intelligence (AI), which is also making the scholarly publishing industry more technologically oriented. While human input is still crucial for publication authorship, AI's contribution is constantly growing, according to Josh Jarrett, Senior Vice-President of AI Growth at Wiley, a multinational research and publishing company with a strong presence in India, who spoke with TechCircle. He described how Wiley is prioritizing ethical considerations while improving the publishing experience through the proper use of AI/ML (Machine Learning). Edited passages:How can scholars effectively use AI for scholarly publishing? For a long time, Wiley has strategically chosen to use AI to enhance research procedures. According to recent surveys, scientists are struggling with fundamental issues with AI's capacity to improve language, analyze intricate data, and produce novel theories. We are especially excited about AI's potential to improve authorship, create simulations, find undiscovered gaps, help with literature reviews, and expedite research workflows. But we also acknowledge the difference between cautious experts and eager early adopters. By creating strong standards, policies, procedures, and instruments that uphold integrity, we hope to close this gap and guarantee that Wiley and its collaborators influence the direction of AI research in the future.
The iPhone's evolution: How Apple has altered its design over the past 16 years
Apple's newest device, the iPhone 15, will be available in stores nationwide in less than a day. Since everyone carries a smartphone these days, it's easy to overlook how revolutionary the original iPhone was and how much it's changed over time. This shows the evolution of the iPhone from 2007 until 2023.On January 9, 2007, Apple CEO Steve Jobs finally revealed the original iPhone after months of conjecture. The 4GB model of the smartphone, which didn't actually go on sale until June, cost $499, while the 8GB model (with a two-year commitment) cost $599. It had a 2-megapixel camera, a 3.5-inch screen, and was praised for its then-novel multitouch capabilities. However, some claimed that the phone was too costly to succeed in the market. (See the narrative of the iPhone launch.)Apple released the iPhone 3G, its replacement, on June 9, 2008, one year after the original iPhone went on sale. The new model was more affordable, had more capacity, a built-in GPS, and the ability to connect to quicker 3G networks. The iPhone 3G, which went on sale on July 11 for $199 for the 8GB model and $299 for the 16GB model, featured a feature known as location services. Steve Jobs, the CEO of the iPhone, predicted that location services would be a major feature. "That's going to blow up." (Refer to the launch narrative.)
The 'final chance' for social media to address unlawful posts
As the Online Safety Act (OSA) goes into effect, online platforms will have to start evaluating whether their services expose users to unlawful content by March 16, 2025, or risk financial penalties. The UK's internet safety regulator, Ofcom, released its final codes of practice on Monday that outline how businesses should handle unlawful online content.Platforms may be fined up to 10% of their worldwide turnover if they don't do risk assessments within three months of discovering possible harms to their services. Dame Melanie Dawes, the director of Ofcom, told BBC News that this was the industry's "last chance" to reform."If they don't start to seriously change the way they operate their services, then I think those demands for things like bans for children on social media are going to get more and more vigorous," she stated. "I'm asking the industry now to get moving, and if they don't they will be hearing from us with enforcement action from March." Platforms must determine when, where, and how illegal content may appear on their services as well as how they will prevent it from reaching users in accordance with Ofcom's regulations. According to the OSA, this includes anything that promotes or facilitates suicide, self-harm, extreme sexual violence, controlling or coercive behavior, or child sexual abuse material (CSAM).However, detractors claim that the Act ignores a variety of ills that children face. The OSA has "deep structural issues," according to the Molly Rose Foundation, which was established in honor of adolescent Molly Russell, who committed herself in 2017 after seeing pictures of herself harming herself on social media. Its chief executive, Andy Burrows, stated that the organization was "astonished and disappointed" that Ofcom's guidelines did not include explicit, targeted steps for platforms on handling suicide and self-harm content. "Robust regulation remains the best way to tackle illegal content, but it simply isn't acceptable for the regulator to take a gradualist approach to immediate threats to life," he stated.
Get ready for the cyberwar, CW EMEA
Cyber security experts and prominent government and business organizations prepared for a probable online conflict when the conflict between Israel and Hamas broke out in October. We discuss cyberwar, threat activity trends, and what security teams can do to safeguard their organizations in this issue of CW EMEA. We also examine the developments in quantum computing in Finland, the technology developed by Belgian researchers to speed up datacenter processing, and the keys to KPN's successful economic transformation. Go ahead and read the issue.Later, a senior minister will warn that Russia is prepared to launch cyberattacks against the UK and other allies in an effort to erode support for Ukraine. At a NATO summit, Pat McFadden, the chancellor of the Duchy of Lancaster, who is also in charge of national security, is expected to warn that the Kremlin might attack British companies and deprive millions of people of their electricity. McFadden is to describe Russia's cyberwarfare capabilities as a "hidden war" being fought against Ukraine, and this is the most recent in a string of warnings about them. Additionally, he is anticipated to specifically target Russia's Unit 29155, which the government claims has conducted several strikes in Europe and the United Kingdom. The cabinet minister will warn that "cyber war can be destabilizing and debilitating" and characterize the Kremlin as "exceptionally aggressive and reckless" in this regard during a lecture to the NATO Cyber Defense Conference at Lancaster House in London. The potential for Russia to "turn the lights off for millions of people" by shutting down power grids and its readiness to target British companies "in pursuit of its malign goals" will be the main topics of McFadden's discussion. "My message to members today is clear: nobody should undervalue the Russian cyber threat to NATO, especially considering the intensity of that antagonism. He will inform the assembled NATO members, "The threat is real." He will assert that hacker collectives supporting the Russian government are accountable for at least
The Canada division of TikTok is requesting a court review of the shutdown orders.
Dec. 10 (Reuters): According to a statement released on Tuesday, TikTok's Canada division filed an emergency action with the Federal Court of Canada, requesting a judicial review of an order that the firm shut down its activities in the nation due to national security concerns.In a filing dated December 5, the Chinese-owned social media app asked the court to overturn a government order for TikTok to shut down its operations in Canada.The court might, instead, revoke the order and send it back to the administration for review and direction, according to the brief. Last year, TikTok's ambition to invest and grow its business in Canada was the subject of an investigation by Ottawa. Due to national security concerns, the government issued an order last month requiring the company to cease operations in Canada as a result of the review. In its statement on the legal action, TikTok claimed that closing its Canadian operation would result in the loss of hundreds of jobs."We believe it's in the best interest of Canadians to find a meaningful solution and ensure that a local team remains in place, alongside the TikTok platform," added the statement. The government can evaluate any national security threats from foreign investments, like the TikTok proposal, in accordance with Canadian legislation. The government is prohibited by law from disclosing the specifics of these investments. The decision from last month did not completely prohibit Canadians from using the well-known social media site. According to the corporation, TikTok has over 14 million monthly users in Canada.A request for comment from Reuters outside of usual business hours was not immediately answered by Canada's Ministry of Innovation, Science, and Industry. The Canadian ruling came after a similar measure was taken in the United States, when President Joe Biden signed a law in April mandating that Bytedance, the company that controls TikTok, sell its U.S. assets by January 19, 2025, or risk a statewide ban. Separately, TikTok and Bytedance requested on Monday that an appeals court temporarily halt the law until the Supreme Court reviews it.
Brussels is looking for further details on covert Google-Meta ad targeting of teenagers.
Dec. 10 (Reuters): The Financial Times said on Tuesday that Google has been questioned by European regulators on its now-canceled covert advertising deal with Instagram parent company Meta Platforms, which disregarded the search engine giant's guidelines regarding the treatment of minors online.disclosed in August how Google assisted Meta in a covert marketing campaign aimed at 13–17-year-old YouTube users, controlled by Alphabet (GOOGL.O), with the goal of promoting Meta's (META.O) According to FT, the relationship has subsequently been canceled. It was originally set to expand to the U.S. and then to other countries. According to the most recent FT story, which cited persons familiar with the situation, European Commission officials have been investigating the collaboration and have forwarded the data to regulators who are considering taking action. According to the article, the executives gave Alphabet's attorneys instructions in October to compile and examine information, presentations, internal conversations, and emails pertaining to the advertising initiatives.
In order to surpass the success of the Galaxy S24, Samsung plans to ship more Galaxy S25 series phones next year.
It is anticipated that Samsung will release the Galaxy S25, Galaxy S25+, and Galaxy S25 Ultra sometime in early 2025. In the midst of online speculation over the flagship phones' features, a recent Korean rumor reveals Samsung's production schedule for the Galaxy S25 series. According to reports, the South Korean smartphone manufacturer plans to sell 37 million Galaxy S25 series phones in the upcoming year, which would be more than the number of Galaxy S24 series phones shipped this year. This shows how confident Samsung is in the demand for the next generation of phones.Samsung plans to sell about 37 million Galaxy S25 series phones next year, which is a little higher than the 35 million units of Galaxy S24 series phones that are anticipated, according to a report by The Elec. This implies that the business has high hopes for the next assortment of the Galaxy S series. According to the estimate, Samsung plans to produce 229.4 million handsets the following year. Compared to the October prediction of 237 million units, this is a 7–8 million unit decrease. According to reports, the company intends to manufacture over 7 million foldable phones in the upcoming year.Following Samsung's announcement that the Galaxy S24 series shipped more units than the Galaxy S23 range, the firm released the most recent update regarding its production schedule. The Galaxy S24 series phones with Galaxy AI features saw double-digit increases in shipments and revenue over their predecessors, according to the company's Q2 earnings report this year. The Galaxy S24 was among the ten best-selling phones in Q3 2024, according to market research firm Counterpoint Research.
Review of the Google Pixel 9 Pro: Hi, tiny phone
I have a well-established affinity with little phones, and I am the biggest lover of the iPhone 13 mini. But as the gadget has begun to age, I think it's time to upgrade, so I recently done so with the iPhone 16 Pro (I also use the Pixel 9 Pro Fold a lot, and it's really beautiful). I still have a strong need for a little phone, though, and I don't believe Apple intends to bring back the iPhone Mini series anytime soon. For the time being, the Google Pixel 9 Pro has become my new friend (it was my backup smartphone for a few days). It was long overdue for a flagship-level tiny phone, and the Pixel 9 Pro is an intriguing and
Future of lightweight materials Fibre Coat bags will target the space and defense areas with €20 million.
FibreCoat, a materials technology business based in Germany, has raised €20 million in Series B funding. NewSpace Capital, Goose Capital, Otto Krahn New Business, 212 NexT, Nova Saint-Gobain, Convergent Ventures, and TiE made the investment.Along with the investment, the business has partnered strategically with NewSpace Capital. With the financing, the company will be able to address the demand for materials that are resistant to heat, radiation, and electromagnetic interference (EMI), expand its presence in the rapidly expanding commercial space ecosystem, and spur innovation in the industry. FibreCoat was founded in 2020 in Germany by Robert Brüll, Richard Haas, and Alexander Lüking, who have a wealth of materials research and engineering experience. The creators of the company started working on their coated fiber technology at the Institute for Textile Technology at RWTH Aachen University in 2014. FibreCoat's creative approach to materials technology has been greatly influenced by their academic background.The necessity to reconsider the usage of fibers in materials science is where FibreCoat got its start. They combined the greatest qualities of each material by spinning traditional fibers with coatings of metal and plastic. Years of intense research and development, together with a goal to provide materials that were not only strong, conductive, and recyclable, but also lightweight, led to this achievement.
Businesses can now use Google's first video generative AI model, Veo.
Google revealed on Wednesday that its two new generative AI models, Veo and Imagen 3, are now available to companies through Vertex AI, the company's cloud platform that offers a range of AI tools for business applications.Veo is an image-to-video model created by Google DeepMind that can produce high-quality, HD videos with realistic-looking people and animals. On Veo, users can either use a text prompt alone or upload an image along with a text prompt to create films. Vertex AI will offer a private peek of it.Warren Barkley, senior director of product management at Google Cloud, claims that "generative AI is driving real business transformation and growth." Eighty-six percent of commercial businesses who use Gen AI report higher revenue, with an anticipated 6% gain. With new models like Veo, our most sophisticated video creation model, and Imagen 3, our highest quality image generation model, Google is investing in its AI technologies for this reason.Google's most recent image-generation model, Imagen 3, can produce realistic, high-quality images in response to straightforward text cues. Beginning next week, Imagen 3 will also be accessible to all Vertex AI clients.In a similar vein, Google's most recent image-generation model, Imagen 3, is hailed as the best quality AI model for creating photos, with the resultant images seeming "photorealistic and lifelike. " Additionally, Imagen 3 has the ability to alter images, adding, removing, and extending them. Companies like Cadbury, Oreo, and Milka are already using these strategies. In order to assist avoid disinformation and misattribution, all of the photos and films produced by Veo and Imagen 3 will be digitally watermarked. This includes Google DeepMind's SynthID, an invisible watermark.
Uber introduces a boat hailing service on the picturesque Dal Lake in Kashmir
Srinagar: The charming Dal Lake in J&K is now home to Asia's first water transport service, "Uber Shikara." With shikara reservations on its app, Uber launched the first water transportation service in Asia. 'Uber Shikara', Uber's first water transport service, has been launched, making travel to Dal Lake hassle-free for tourists. By combining technology and tradition, this creative project enables travelers to reserve shikara rides in advance via the well-known ride-hailing app.Seven local Shikara owners have collaborated with Uber, and the company expects to grow its fleet in response to user demand. Government-regulated prices will apply to rides, guaranteeing tourists fair pricing. Nehru Park, an island park in the center of Dal Lake, is where the seven shikaras are stationed. Crucially, Uber will not impose any fees on its shikara partners, guaranteeing that the entire fare is paid to the boat operators directly."Anyone who visits Srinagar must take a shikara ride, which is a classic activity on every traveler's bucket list," stated Ruchika Tomar, Director of Communications at Uber. Our service offers travelers a seamless experience by fusing Kashmir's ancient beauty with the enchantment of technology. Up to four people can travel in each Uber Shikara, which is available for one-hour reservations every day between 10 a.m. and 5 p.m. It is possible to book rides 12 hours to 15 days in advance.
Byju's bankruptcy: Riju Raveendran petitions the NCLT to be included in the case
On Monday, Riju Raveendran, the brother of Byju Raveendran, the founder of the insolvent edtech company, and its largest stakeholder, went to the Bengaluru insolvency tribunal to request inclusion in the case. The tribunal, however, voiced concerns over his involvement in the proceedings.Before the tribunal, Riju's attorney begged for permission to defend himself against claims made by Byju's lenders—specifically, Glas Trust, a US-based lender—about where the Rs 158 crore that was first given to the Board of Control for Cricket in India (BCCI) to pay its debts came from.Byju's US-based lenders had resisted the settlement, arguing that the funds utilized to reimburse BCCI were corrupted because they were included in the $533 million that was purportedly "missing." The tribunal, however, stated that determining the source of funds falls under the jurisdiction of the income tax authorities and the Enforcement Directorate. It directed the lenders to file objections to Raveendran’s plea and adjourned the hearing.However, the panel declared that the Enforcement Directorate and the income tax authorities had the authority to ascertain the source of funds. It postponed the hearing and instructed the lenders to oppose to Raveendran's plea.The appeal panel was earlier informed by Riju Raveendran, a board member of the business, that the funds paid to the BCCI were "clean." His attorney had maintained that the $533 million that the lenders said was "missing" did not include the payment to the BCCI. The US lenders and Byju's parent business, Think & Learn, are at odds over the missing funds.
To encourage technological innovation, Rajasthan will host an IT and startup summit.
OVERVIEW To establish the state as a center for innovation and technology, the Rajasthani government will hold the "Information Technology & Startup Pre-Summit" on November 12. The "Rising Rajasthan Global Investment Summit 2024," which intends to double the state's GDP and exports by 2030, will be preceded by the pre-summit. The state government will sign Memorandums of Understanding to promote partnerships and strengthen Rajasthan's tech sector at the pre-event.Rajasthan is positioned as a vibrant center for innovation and entrepreneurship and is about to undergo a technological revolution. The 2018 Information Technology & Startup Pre-Summit, with the theme "Building a Resilient Future – Lessons from Leading Innovators," is expected to be a crucial event in the state's efforts to develop a strong startup ecosystem. The Confederation of Indian Industry (CII) and iStart Rajasthan are collaborating to arrange this summit, which is set for November 12, 2024, in Jaipur from 9 am to 5 pm. The Potential of AI and Technology Artificial intelligence (AI) and technology are key forces behind change in today's rapidly changing world. The importance of using AI and technology breakthroughs to enhance Rajasthan's sectors and provide opportunities for innovation and economic resilience will be emphasized at this summit. Rajasthan's potential as a tech-driven state can be strengthened by utilizing AI to not only expedite procedures but also develop innovative answers to challenging problems in a variety of industries.
A 90% loss in earnings is caused by Twitter India's declining ad income.
For the most recent fiscal year, Twitter Communications India, now a division of X Corp (previously known as Twitter), reported a sharp drop in both net profit and sales. According to an Economic Times investigation, this decline is mostly due to a sharp decline in advertising revenue when Elon Musk's new leadership fired the worldwide ad sales team.The company's net profit fell 90% to Rs 3 crore from Rs 30 crore the year before, according to regulatory records. In a similar vein, revenue dropped sharply by 90%, from Rs 208 crore to Rs 21 crore. In India, Twitter's primary revenue source is still advertising. The company responded to these difficulties by cutting employee benefit costs by 95%, from Rs 130 crore to Rs 6 crore, after firing almost all of its staff in India, which once had more than 200 workers. Consequently, overall costs decreased by 89%, from Rs 168 crore to Rs 19 crore.This dramatic drop in revenue has been caused in part by the removal of the ad sales staff and the withdrawal of international businesses from the platform, which is partly the result of continuous conflicts with Musk. Under Musk's direction, X Corp has even taken big marketers like Mars and Unilever to court over their boycott of the platform. According to Kantar research, 26% of marketers intend to reduce their X advertising budgets in 2025, which is the biggest decrease ever seen from any major international ad platform.
Gharda Chemicals will create a new foundation to support entrepreneurs.
The foundation, which was established in collaboration with the Anjani Mashelkar Foundation, will support business owners who are committed to producing healthcare and core engineering innovations with a social conscience.The Mumbai-based company Gharda Chemicals, which produces polymers, veterinary medications, and insecticides, announced in a statement that it has established the KHG Innovation Foundation to support innovators developing technology that may close gaps and improve societal results.The foundation, which was established in collaboration with the Anjani Mashelkar Foundation, will support business owners who are committed to manufacturing healthcare and core engineering innovations with a social conscience.According to Nilesh Kulkarni, director of Gharda Chemicals, "the foundation is funded by Gharda's (founding chairman and managing director Keki Hormusji Gharda) personal wealth and the profits from the holding company." Gharda Medical and Advanced Technologies is the holding corporation.The non-profit foundation would have an initial endowment of about ₹30 crore, which will be refilled annually. The foundation has two options: it can invest or give grants to business owners. It will first concentrate on medical technology.mentoring and direction In addition to funding, the foundation will give the entrepreneurs access to mentorship, direction, and strategic counsel from thought leaders and industry professionals. Additionally, the announcement stated that KHGIF would "have tailored programs that support both for-profit and not-for-profit enterprises alike and drive pilot projects to help innovators scale for impact." India has set out to become a global leader in manufacturing and has started the process of becoming a developed nation in the near future. We think that attaining such status will require a strong emphasis on entrepreneurship together with innovation. Gharda, who turned 95 on Wednesday, stated in the statement that "establishing KHGIF is one among several such efforts that would be required as we proceed towards developing that capability."
Samvardhana Motherson, an Indian auto parts manufacturer, surpasses quarterly profit projections.
Aug. 13, BENGALURU (Reuters) - Samvardhana Motherson International (SAMD.NS), an Indian manufacturer of auto parts, revealed on Tuesday that its first-quarter profit above forecasts, aided by a shift in consumer preferences toward luxury cars and an increase in income from recent acquisitions. The company claimed that its consolidated net profit increased by 65.5% to 9.94 billion rupees ($118.42 million) in the three months ended June 30. The company distributes parts to automakers such as Maruti Suzuki (MRTI.NS), opens new tab, Mercedes Benz, and Audi.LSEG data shows that analysts had projected a profit of 9.51 billion rupees. Beating projections of 283.74 billion rupees, the total revenue from operations increased by 28.5% to 288.68 billion rupees. Click here to view additional earnings highlights.Important Context Manufacturers of auto parts, like Samvardhana Motherson, are reaping the rewards of a persistent change in consumer choice toward expensive cars like SUVs, which need more auxiliary equipment.
