NFTs, crypto are '100?sed on greater fool theory': Bill Gates

San Francisco (IANS) Tech billionaire Bill Gates has said that he holds no position in cryptocurrencies or non-fungible tokens (NFTs), as they are "100 per cent based on greater fool theory".

The theory is a financial concept that even overpriced…

Adani and Total Energies to create world's largest green hydrogen ecosystem

Ahmedabad (IANS) Adani, India's fastest-growing diversified business portfolio, and energy supermajor Total Energies of France, have entered into a new partnership to jointly create the worlds largest green hydrogen ecosystem. In this strategic…

India: A bright spot in the global economic arena

New Delhi (IANS) The World Economic Forum's Annual Meeting took place during May 22-26 at Davos, Switzerland. The WEF meet was attended by about 3,000 participants from across the world including 109 from India. In an interview on the sidelines…

Indices tumble in opening session as high inflation in US trigger selloff

New Delhi (IANS) Domestic equity indices extended their losses from the previous week and tumbled even sharply on Monday as high inflation in the US triggered possibilities of even more aggressive policy tightening by the Federal Reserve.

With…

Government IT spending in India to reach $9.5 bn this year

New Delhi (IANS) The government IT spending in India is likely to reach $9.5 billion in 2022, an increase of 12.1 per cent from last year, a new report said on Monday.

Software will continue to be the highest growing segment in India this year,…

Knives are out as edtech platforms open physical tuition centres

New Delhi (IANS) As the battered edtech platforms enter the physical tuition centre space, knives are out and the traditional coaching institutes have threatened their teachers on leaving the institutes.

As schools and colleges reopen, leading…

Centre issues new guidelines to protect consumers from misleading ads

New Delhi (IANS) The Centre on Friday said it has notified 'Guidelines for Prevention of Misleading Advertisements and Endorsements for Misleading Advertisements, 2022' with an objective to curb "misleading advertisements" and protect the…

Logistics management startup FarEye lays off 250 employees

New Delhi (IANS) End-to-end global delivery management platform FarEye has laid off nearly 250 employees amid the funding winter that has engulfed the startup ecosystem.

The company has asked some of its workforce to leave because of "strategic…

PSEs will have to scale-up, build capacities to survive in competitive market: Sitharaman

Gandhinagar (IANS) Union Finance Minister Nirmala Sitharaman on Thursday said the Public Sector Enterprises (PSE) in the strategic core sector need to scale-up their performances and if required should enter into a partnership with the private sector…

RBI raises repo rate by 50 bps, sees inflation over tolerance level till Q3FY23

New Delhi (IANS) The Reserve Bank of India has raised the repo rate by 50 basis points to 4.9 per cent, Governor Shaktikanta Das said on Wednesday, adding that inflation was likely to remain above the upper tolerance level for three quarters of this…