BUSINESS
Crypto criminals steal over $10bn to date, despite crypto crime slowing down
According to data presented by AltIndex.com, crypto scammers and hackers stole more than $3.5 billion of cryptos in 2022.
Nifty snaps two-day losing streak to close at 19,306
The Nifty snapped a two-day fall to close with gains of 40 points at 19,306 levels. The broader market outperformed with the Nifty midcap 100 up 0.5 per cent while the Nifty smallcap 100 was up 0.7 per cent. The Sensex too broke a two-day losing streak as to rose 110 points or 0.17 per cent to close at 64,996.60.
Regulate bad AI use cases, not whole tech: IBM CEO Arvind Krishna
A strong proponent of AI and its future impact on certain repetitive and mundane human tasks, Krishna told IANS that some of the fears associated with AI are well-founded.
RIL Board recommends appointment of Isha Ambani, Akash Ambani and Anant Ambani on Board of Directors
Their appointment will take effect from the date they assume office after approval by the shareholders.
Brightcom Group CMD, CFO quit after SEBI order
The resignations came after the SEBI order, which barred the company’s CMD and CFO from holding directorial positions.
August has been weak for global equity markets
This weakness has impacted all other markets including the Indian market where Nifty is down by around 2 per cent so far in August, he said.
OPPO pays 23% of its India sales to Nokia as per court order
According to sources, the Chinese company deposited 23 per cent as to Nokia from the sale of around 77 million devices in India since 2019, before the court-set deadline of August 25.
Hybrid work surges 29% as firms embrace flexibility: Report
Hybrid working roles, which enable employees to balance their work hours between the office and their homes, are experiencing a growth as the world opens up, reveals GlobalData, a leading data and analytics company.
Railway stocks surge in trade
Texmaco was up more than 11 per cent at Rs 145.80 on the BSE, while Railtel was up almost 11 per cent at Rs 184.50.
Indian electronics sector to tap $7 bn untapped revenue via circular economy by 2035
Current commitments and targets set the projected market size for these circular models at $13 billion in 2035.
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