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Video mkt's revenue to hit $13 bn by 2028 with streaming industry's support

The video entertainment economy is expected to post 8 per cent annual growth through 2028, fueled by premium on-demand streaming, it said

RIL gets US nod to resume crude imports from Venezuela despite sanctions

India's largest privately owned refiner plans to start purchasing Venezuelan crude soon, said the people, who asked not to be named as the information is not public

India's economic activity expands in July, services PMI rises to 61.1

The indexes are based on preliminary survey results and are a signal of business confidence in the economy

US election: Musk confirms giving 'some' donations to pro-Trump super PAC

In tweets on his X social media platform, Musk acknowledged that he had donated to America PAC, which focuses on get-out-the-vote efforts

Hackers leak documents from US Pentagon's IT provider Leidos, probe begins

Leidos recently learned of the issue and believes the documents were stolen in a previously disclosed breach of a Diligent Corp. system it used, said the person, who asked not to be identified

Tesla's profit falls short again as Elon Musk demands investor patience

The electric vehicle giant won't unveil a highly anticipated robotaxi until Oct. 10 - and that will only be a prototype

Alphabet's revenue exceeds expectations, boosted by cloud computing

The tech giant is also providing cloud-computing services to fast-growing startups, fueling consistent profitability for that business after years of losing money

US election: Democrats finalise plan to nominate Harris before convention

President Joe Biden threw his support behind the vice president shortly after announcing he would no longer seek the nomination despite winning 99 per cent of the pledged delegates

Zuckerberg's Meta aims to rival OpenAI, Google with new Llama AI model

Meta uses its Llama models to power its AI chatbot, called Meta AI, which operates inside its apps, including Instagram and WhatsApp, and also as a separate web product

Houthi sea-drone strikes on vessels require armed-guards review: India

India's Directorate General of Shipping said in a notice on its website that the recent spate of sea-drone attacks has raised the question of how effective some private security providers are

Alphabet results to set tone for big tech on advertising, cloud: Report

Alphabet, which has gained more than 16% since its blowout first-quarter report, needs to show that spending on AI is continuing to drive revenue in its cloud and advertising businesses

Budget 2024: Govt scraps import taxes on critical minerals to aid RE sector

Duties on metals including copper, lithium and cobalt will be lifted to aid the domestic development of sectors like renewable electricity and aerospace, she said in the speech on Tuesday

Budget 2024: Bonds slip after Modi govt leaves borrowing largely unchanged

New Delhi also forecast a narrower fiscal deficit of 4.9 per cent of gross domestic product, versus 5.1 per cent in the interim spending plan

Apple, Micron leaders pay visit to China as US mulls stricter tech curbs

The executives on Monday joined a US business delegation meeting Vice-Premier He Lifeng and Foreign Minister Wang Yi

Indian banks' short-term debt increases to 12-year high on loan demand

Depositors in India have been saving less in banks as soaring equity markets and avenues such as mutual funds, insurance funds and pension funds lure them

Byju's US lawyers blame client in a bid to quit US bankruptcy case

For months, lenders have been trying to find $533 million in cash that Ravindran allegedly moved out of the US

JD Vance calls Democrats threat to democracy after Biden exits 2024 race

Vance joked that he was upset he doesn't get to debate Harris now because she will face Trump on the debate stage in September

CrowdStrike short sellers net $461 mn after stock plunges on Windows outage

The contrarian group reaped paper profits of $461 million on the cybersecurity software company's 11% drop, according to data from S3 Partners LLC

Trump risks getting tables turned on him with Harris as new 2024 adversary

59-year-old Harris, whom Biden has endorsed, or virtually every other Democrat who could end up atop the ticket would deprive Trump of the argument, and might even be able to turn the tables on him

PhonePe, Google Pay lose their UPI transactions share to new entrants

Operated by state-backed NPCI, UPI is a system that allows users to make instant money transfers by linking banks with fintech apps such as Paytm, PhonePe and Google Pay