Author: TI Editor
Apple Inc. became the latest company in the list of tech giants who have pledged hundreds of billions of dollars in US investments, which President Donald Trump claims credit for.The iPhone maker said that it will spend $500 billion in the US over the next four years, hire 20,000 new employees and produce AI serves domestically.An hour after Apple’s announcement, Donald Trump said that the company was spending in the US because it has “faith in what we are doing.”However, Apple didn’t directly attribute its investments to the Trump administration. According to Bloomberg, the plan itself isn’t far off from…
Master Buds aren’t just another TWS offering from Noise. After securing an investment from Bose, one of the biggest names in the premium audio market, these buds mark a new chapter for the brand. But this collaboration isn’t just about funding, Bose has fine-tuned the audio profile to deliver a richer, more refined sound. The earbuds also feature adaptive ANC, LHDC 5.0 and a long-lasting battery. They are priced at ₹7,999 and are available in three colours, they promise a flagship experience. But can they live up to the hype? Let’s find out.Noise Master Buds specificationsFeatureDetailsAudio TechnologySound by Bose, 12.4mm PEEK…
Mumbai, Feb 26 (PTI) New India Cooperative Bank’s Prabhadevi branch here had a capacity to keep ₹10 crore at a time, but the cash in hand book showed there was ₹122.028 crore in the safe on the day of RBI inspection, police have said. The Mumbai Police’s Economic Offences Wing (EOW) is conducting a probing into the embezzlement of ₹122 crore at the New India Cooperative Bank and has so far arrested three persons, including two former top executives of the lender. The Reserve Bank of India’s (RBI) inspection team visited the corporate office branch of the bank at Prabhadevi…
Billionaire Jeff Bezos’ space company Blue Origin on February 25 (local time) launched its 10th space tourism mission, sending six passengers, including Indian-origin Tushar Mehta, to the suborbital space.The suborbital New Shepard vehicle of Blue Origin took off from its West Texas facility on Tuesday at 10:50 a.m. EST (15:50 GMT and 9:50 a.m. local Texas time), after a slight delay because of a hold.The six crew members on the New Shepherd (NS) spacecraft named themselves “Perfect 10”, according to launch commentator Seyffert. “Well, that makes perfect sense to me, considering the fact that this is, in fact, our 10th human…
Bank holiday today: Public and private sector banks across several areas in the country will stay closed on Wednesday, February 26, on the occasion of the Mahashivratri festival, a sacred day for Hindus. According to the Reserve Bank of India (RBI) bank holiday calendar, there is a bank holiday across 22 cities in India today.The Mahashivratri bank holiday will be observed under the ‘Holiday under Negotiable Instruments Act’ section of the RBI.However, not all cities will see a bank holiday today as Mahashivratri is not a bank holiday. Banks will be closed in a select few cities.Bank holiday on Mahashivratri:…
Mumbai: Parts of rural Karnataka have started showing initial signs of distress for microlenders, following the notification of the new ordinance that aims to protect borrowers from harassment by microfinance institutions (MFIs).According to field reports, the collection efficiency of microfinance-focused non-bank financial companies (NBFC-MFIs) has fallen below 90% in northern districts of Karnataka, said two bankers on the condition of anonymity.“There is confusion and chaos at the ground level. In some districts, borrowers are misbehaving or are being told not to repay,” said the first banker cited earlier. “Districts like Gulbarga and Belgaum are worst affected.”Banks and NBFC-MFIs like CreditAccess…
Further, the two people added that a planned public listing of Axis Finance has been set aside in favour of a private selloff because of potential higher valuations. Axis Bank, India’s third largest private lender, is looking at a valuation of around $1 billion for its wholly owned NBFC (non-banking finance company) subsidiary, the people said. Investment bank Morgan Stanley has been tasked to find a buyer for Axis Finance, these people added. The bank may sell off 80-100% of its ownership in the non-bank lender if a suitor offers a premium for acquisition of control, said the first person.…
Chennai-based electric air taxi startup The ePlane Co is looking to raise another $30-50 million as it prepares to manufacture three prototypes by 2026 and set the stage for its first launch. The startup has been conservative in tapping investors so far, securing $20 million since it was founded in 2019. That includes the $14 million it raised in November from venture capital firm Speciale Invest and others. ePlane’s proposed series C funding round will likely be followed by another fundraise next year, founder and chief executive Satyanarayan Chakravarthy said, without disclosing a potential valuation. “We are open to receiving up…
On Monday, Nasscom said the IT industry should end with $283 billion in revenue in FY25, which would mean a 5.1% growth from the year-ago period. Surprisingly, for the first time in a quarter of a century, it revised its FY24 revenue estimate from the $253.9 billion set in September to $268.8 billion. Nasscom also restated numbers for the people employed in the sector, from 5.43 million to 5.67 million. These revised numbers imply that in March 2024, the IT industry grew from $244.6 billion a year earlier to $268.8 billion– a steep 9.9% growth — and added 300,000 people.…
(Bloomberg) — Contractors owed tens of millions of dollars by USAID are warning they may have to shut down and risk lawsuits across the developing world, with one large firm even saying US banks won’t lend it more money over concerns the US government won’t honor its funding commitments. The allegations, which include threats of physical harm to overseas employees over unpaid debts, were made in new court filings Monday regarding one of several cases intended to undo the Trump administration’s 90-day freeze on foreign aid funding and work, which has thrown the global aid sector into turmoil. The case…