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BlackRock Said to Plan to Buy Shares in Circle Internet IPO
BlackRock plans to acquire about 10 percent of the shares offered in Circle. The stablecoin issuer and some of its shareholders including co-founder and Chief Executive Officer Jeremy Allaire are seeking to raise as much as $624 million (roughly Rs. 5,333 crore) in the offering.
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Stablecoin Giant Circle Targets $6.7 Billion Valuation in US IPO
New York-based Circle and some existing investors are looking to raise up to $624 million (roughly Rs. 5,339 crore) by offering 24 million shares priced between $24 (roughly Rs. 2,053) and $26 (roughly Rs. 2,225) a piece. Circle is offering 9.6 million shares in the offering.
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Housefull 5 Trailer: Akshay Kumar, 69 Billion Pounds And A Murder. What More Do You Need?
Housefull 5 will release in theatres on June 6
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Microsoft Hosts Developer Conference as Focus Grows on AI Profits
Microsoft has already spent $64 billion (roughly Rs. 5,46,718 crore) this year, much of it on data centers needed for AI-based services such as Copilot used in its popular Microsoft 365 applications. But there are signs that Microsoft is reworking its relationship with OpenAI and seeking to become a neutral arms dealer in the AI race.
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Sony Sells 18.5 Million PS5 Units in FY 2024, Analysts Say GTA 6 Delay to Impact Sales in 2025
Sony said on Wednesday that it sees a JPY 100 billion ($700 million or roughly Rs. 5,975 crore) impact from US levies in the year to March and expects an operating profit of ¥1.28 trillion (roughly Rs. 74,353 crore). Over the first three months of this year, Sony reported better-than-expected operating income of JPY 203.7 billion (roughly Rs. 11,...
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Tech Stack Behind India’s S-400 Air Defence Missile System: 5 Things to Know
India signed a $5.43 billion (roughly Rs. 46,419 crore) deal to purchase five S-400 Triumf air defence systems from Russia. The first system was delivered in 2021, and two more arrived in the next two consecutive years. Two more systems are expected to be delivered soon. At present, all three S-400 missile systems are in operation.
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Ripple Offered to Buy Stablecoin Rival Circle or Up to $5 Billion
Ripple has offered to acquire USDC-issuer Circle for $4 billion (roughly Rs. 33,843 crore) to $5 billion (roughly Rs. 42,300 crore) but the offer was deemed too low and rejected. While Ripple remains interested in Circle, it hasn’t decided whether to make another offer.
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Google Says Deep AI Investments Powering Ad Sales, Soothing Anxious Investors
Alphabet reassured jittery tech investors that its AI investments were powering returns at its crucial ad business on Thursday. The search giant's first-quarter profit and revenue beat expectations, and the company said it would buy back $70 billion (roughly Rs. 5,97,800 crore) in stock, adding $75 billion (roughly Rs. 6,40,362 crore) to its mark...
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Google Faces GBP 5 Billion UK Lawsuit for Abusing Dominance in Online Search
Google is being sued in Britain for potential damages of up to GBP 5 billion (roughly Rs. 56,536 crore). The class action, filed at the Competition Appeal Tribunal on Tuesday, argues that Google's actions enabled it to charge higher prices for the advertisements that appear in search inquiries than it otherwise could in a competitive market.
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Amazon Submits Bid to Buy TikTok, Adding 11th Hour Intrigue to Acquisition Drama
Amazon.com became the latest big name to jump into the fray, submitting a bid to the White House to buy out a business once valued at $60 billion (roughly Rs. 5,13,272 crore).
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Bharti Airtel, Unit Pay Rs. 5,985 Crore to Clear 'High-Cost' 2024 Spectrum Dues
Bharti Airtel, along with Bharti Hexacom, has prepaid Rs. 5,985 billion to the government, clearing "high-cost" liabilities from the 2024 spectrum auctions. India's second-largest telecom firm has reduced its spectrum-related debt to Rs. 52,000 crore, lowering the cost of debt to 7.22%. Airtel has been actively prepaying dues from past aggressive s...
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Alibaba Qwen 2.5 Vision Language Model Released in a Smaller Size, Packs Agentic Capabilities
Alibaba’s Qwen team released another artificial intelligence (AI) model to the Qwen 2.5 family on Monday. Dubbed Qwen 2.5-VL-32B, the AI model comes with improved performance and optimisations. It is a vision language model with 32 billion parameters, and it joins the three billion, seven billion, and 72 billion parameter size models in the Qwen ...
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Apple Losing Over $1 Billion a Year on Apple TV+ Streaming Service: Report
Apple spent more than $5 billion (roughly Rs. 43,020 crore) a year on content since launching Apple TV+ in 2019 but trimmed it by around $500 million (roughly Rs. 4302 crore) last year, the report said.
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Chandrayaan-5 Mission Approved, To Carry 250 kg Rover: ISRO Chief
The space agency aims to launch Chandrayaan 5, and 6 by the next decade -- with an aim "to achieve the milestone of a $44 billion space sector by 2035".
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Apple Refreshes Mac Studio With M4 Max and M3 Ultra Chips and Apple Intelligence: Price, Specifications
Apple refreshed its Mac Studio with new chipset options on Wednesday (March 5). When buying the small-form-factor workstation, customers can choose between either the M4 Max or the newly launched M3 Ultra SoCs. The company says it is positioned above the Mac mini and is built for Apple Intelligence — its suite of artificial intelligence (AI) feat...
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BlackRock Said to Plan to Buy Shares in Circle Internet IPO
BlackRock plans to acquire about 10 percent of the shares offered in Circle. The stablecoin issuer and some of its shareholders including co-founder and Chief Executive Officer Jeremy Allaire are seeking to raise as much as $624 million (roughly Rs. 5,333 crore) in the offering.
-
Stablecoin Giant Circle Targets $6.7 Billion Valuation in US IPO
New York-based Circle and some existing investors are looking to raise up to $624 million (roughly Rs. 5,339 crore) by offering 24 million shares priced between $24 (roughly Rs. 2,053) and $26 (roughly Rs. 2,225) a piece. Circle is offering 9.6 million shares in the offering.
-
Housefull 5 Trailer: Akshay Kumar, 69 Billion Pounds And A Murder. What More Do You Need?
Housefull 5 will release in theatres on June 6
-
Microsoft Hosts Developer Conference as Focus Grows on AI Profits
Microsoft has already spent $64 billion (roughly Rs. 5,46,718 crore) this year, much of it on data centers needed for AI-based services such as Copilot used in its popular Microsoft 365 applications. But there are signs that Microsoft is reworking its relationship with OpenAI and seeking to become a neutral arms dealer in the AI race.
-
Sony Sells 18.5 Million PS5 Units in FY 2024, Analysts Say GTA 6 Delay to Impact Sales in 2025
Sony said on Wednesday that it sees a JPY 100 billion ($700 million or roughly Rs. 5,975 crore) impact from US levies in the year to March and expects an operating profit of ¥1.28 trillion (roughly Rs. 74,353 crore). Over the first three months of this year, Sony reported better-than-expected operating income of JPY 203.7 billion (roughly Rs. 11,...
-
Tech Stack Behind India’s S-400 Air Defence Missile System: 5 Things to Know
India signed a $5.43 billion (roughly Rs. 46,419 crore) deal to purchase five S-400 Triumf air defence systems from Russia. The first system was delivered in 2021, and two more arrived in the next two consecutive years. Two more systems are expected to be delivered soon. At present, all three S-400 missile systems are in operation.
-
Ripple Offered to Buy Stablecoin Rival Circle or Up to $5 Billion
Ripple has offered to acquire USDC-issuer Circle for $4 billion (roughly Rs. 33,843 crore) to $5 billion (roughly Rs. 42,300 crore) but the offer was deemed too low and rejected. While Ripple remains interested in Circle, it hasn’t decided whether to make another offer.
-
Google Says Deep AI Investments Powering Ad Sales, Soothing Anxious Investors
Alphabet reassured jittery tech investors that its AI investments were powering returns at its crucial ad business on Thursday. The search giant's first-quarter profit and revenue beat expectations, and the company said it would buy back $70 billion (roughly Rs. 5,97,800 crore) in stock, adding $75 billion (roughly Rs. 6,40,362 crore) to its mark...
-
Google Faces GBP 5 Billion UK Lawsuit for Abusing Dominance in Online Search
Google is being sued in Britain for potential damages of up to GBP 5 billion (roughly Rs. 56,536 crore). The class action, filed at the Competition Appeal Tribunal on Tuesday, argues that Google's actions enabled it to charge higher prices for the advertisements that appear in search inquiries than it otherwise could in a competitive market.
-
Amazon Submits Bid to Buy TikTok, Adding 11th Hour Intrigue to Acquisition Drama
Amazon.com became the latest big name to jump into the fray, submitting a bid to the White House to buy out a business once valued at $60 billion (roughly Rs. 5,13,272 crore).
-
Bharti Airtel, Unit Pay Rs. 5,985 Crore to Clear 'High-Cost' 2024 Spectrum Dues
Bharti Airtel, along with Bharti Hexacom, has prepaid Rs. 5,985 billion to the government, clearing "high-cost" liabilities from the 2024 spectrum auctions. India's second-largest telecom firm has reduced its spectrum-related debt to Rs. 52,000 crore, lowering the cost of debt to 7.22%. Airtel has been actively prepaying dues from past aggressive s...
-
Alibaba Qwen 2.5 Vision Language Model Released in a Smaller Size, Packs Agentic Capabilities
Alibaba’s Qwen team released another artificial intelligence (AI) model to the Qwen 2.5 family on Monday. Dubbed Qwen 2.5-VL-32B, the AI model comes with improved performance and optimisations. It is a vision language model with 32 billion parameters, and it joins the three billion, seven billion, and 72 billion parameter size models in the Qwen ...
-
Apple Losing Over $1 Billion a Year on Apple TV+ Streaming Service: Report
Apple spent more than $5 billion (roughly Rs. 43,020 crore) a year on content since launching Apple TV+ in 2019 but trimmed it by around $500 million (roughly Rs. 4302 crore) last year, the report said.
-
Chandrayaan-5 Mission Approved, To Carry 250 kg Rover: ISRO Chief
The space agency aims to launch Chandrayaan 5, and 6 by the next decade -- with an aim "to achieve the milestone of a $44 billion space sector by 2035".
-
Apple Refreshes Mac Studio With M4 Max and M3 Ultra Chips and Apple Intelligence: Price, Specifications
Apple refreshed its Mac Studio with new chipset options on Wednesday (March 5). When buying the small-form-factor workstation, customers can choose between either the M4 Max or the newly launched M3 Ultra SoCs. The company says it is positioned above the Mac mini and is built for Apple Intelligence — its suite of artificial intelligence (AI) feat...
