Chinese internet major Baidu reported a fall in quarterly revenue on Wednesday, hit by sluggish domestic consumption even as the company ramped up its artificial intelligence drive and overseas robotaxi ambitions.Baidu posted revenue of 32.7 billion yuan ($4.56 billion) in the April-June quarter, a 4% year-on-year decline, according to its filing with the Hong Kong…
Michael Fiddelke, the company’s chief operating officer, will step into the role in February. Source link
Infosys bonus distribution covered employees at levels 4, 5 and 6, comprising the majority of the organisation’s 323,000 workforce. Infosys, India’s second largest IT services firm, has distributed performance bonus letters to qualifying staff members for the April-June (Q1FY2025-26) quarter. The IT giant is paying out a significantly higher average bonus compared to the previous…
A battle is heating up in the streaming world as millions of Americans sign up for multiple services through a single provider instead of separate apps. Source link
China’s exports of rare earth magnets bounced back strongly in July, climbing to a six-month high and signalling that trade flows of the critical minerals essential for electric vehicles have returned to levels seen before Beijing tightened export controls.Data released by the General Administration of Customs on Wednesday showed that exports from the world’s largest…
The grinning plush elves drove record revenue for the Chinese retailer in the first half of the year, and soon fans will have something new to lust after. Source link
NEW DELHI: Chandigarh Police’s Cyber Crime unit arrested a 34-year-old man from Mumbai for allegedly defrauding a city resident of Rs1.3 crore through an elaborate WhatsApp impersonation scam. The accused, identified as Joshua Oscar Nevis, allegedly posed as the victim’s employer and tricked him into transferring the money. Fraud via WhatsApp Impersonation According to officials,…
Online Gaming Bill tabled in Lok Sabha The Online Gaming Bill was tabled in the Lok Sabha, after being cleared by cabinet, on Wednesday, with the government describing it as a move that “strikes a balanced path—encouraging innovation and youth engagement through safe and positive online gaming, while firmly prohibiting harmful online money games.”Titled the…
Uday Kotak emphasised that the Indian government needs to provide “direct fiscal support” to enhance small businesses. Uday Kotak, the billionaire Indian banking figure, has urged Prime Minister Narendra Modi’s government to enhance fiscal assistance for small and medium enterprises, highlighting concerns about the impact of Donald Trump administration’s tariffs on the Indian economy.The founder…
Gold demand in India improved slightly last week as a price pullback lifted buying interest among consumers. (AI image) Gold price prediction today:Gold rates are stuck in a range, feel analysts, Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers shares his views and recommendations for gold investors:Gold prices which rose…
