Global News

[ad_1] Aurionpro Solutions provides IT solutions in banking, mobility and other sectors. Aurionpro Solutions' stock has experienced a remarkable growth of 234% over the past three years while it has surged nearly 200% so far this year. Aurionpro Solutions Ltd, an IT solutions provider, is under radar these days as the stock of the company is on a gaining spree since the last few weeks. The stock is trading at a record high in the last few sessions. In 7 of the last 10 sessions till Thursday, June 22, the stock has closed with gains. Shares of the company have gained 23 percent in the last ten sessions. On Tuesday, June 22, the IT company shares were locked in a 5% upper circuit at Rs 1060.6 apiece on BSE after the company’s board approved a proposal to raise Rs 70.4 crore. Aurionpro Solutions’ stock has experienced an impressive growth of more than 1700% in the past three years, making it a highly lucrative investment. On June 12, 2020, the stock closed at Rs 56, but on June

[ad_1] Eric Adams, mayor of New York, speaks during the U.S. Conference of Mayors winter meeting in Washington, D.C., on Thursday, Jan. 20, 2022. Eric Lee | Bloomberg | Getty Images New York City banned TikTok on government-owned devices Wednesday, pointing to security concerns that have made the app a target of bipartisan scrutiny across the country. Congress already voted to ban TikTok on federal devices last year and several states have taken similar steps. The concern generally stems from TikTok's ownership by China-based tech company ByteDance, since many policymakers fear that structure could make U.S. users' information vulnerable to being accessed by the Chinese government, if forced to hand over information to comply with Chinese law . An NYC City Hall Spokesperson told WNBC in a statement that the ban was a result of the city's Cyber Command's conclusion that TikTok "posed a security threat to the city's technical networks." City agencies h

[ad_1] Varda's first manufacturing satellite and reentry vehicle attached to a Rocket Lab Photon bus. Rocket Lab Space startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing drugs in space. Varda's small W-Series 1 capsule, or W-1, has been stuck in orbit since it launched eight months ago. The company has awaited regulatory authorization to make a landing attempt in Utah, at the Air Force's Utah Test and Training Range. The FAA confirmed on Wednesday it had issued the license to Varda. The FAA's approval means Varda will try to land the W-1 mission on Feb. 21. "We are incredibly proud to have this opportunity with our government partners, and appreciate their dedication to safe innovation in the United States," Varda said in a statement. The W-1 mission is a demonstration of the company's automated in-space manufacturing process. Last year, Varda

[ad_1] SHANGHAI: Chinese search engine giant Baidu, has filed lawsuits against “relevant” app developers and Apple Inc over fake copies of its Ernie bot app available on Apple’s app store. The company’s artificial intelligence powered Ernie bot, launched last month, has been touted as China’s closest answer to the US-developed chatbot ChatGPT. Baidu said it had lodged lawsuits in Beijing Haidian People’s Court against the developers behind the counterfeit applications of its Ernie bot and the Apple company. “At present, Ernie does not have any official app,” Baidu said in a statement late on Friday posted on its official “Baidu AI” WeChat account. It also posted a photograph of its court filing. “Until our company’s official announcement, any Ernie app you see from App Store or other stores are fake,” it said. Apple did not immediately respond to a request for comment. A Reuters search on Saturday found there were still at least four apps bearing the Chinese-language nam

[ad_1] Nikola TRE FCEV2 Courtesy: Nikola Electric truck maker Nikola is still short of winning shareholder approval to issue new stock and has once again adjourned its annual meeting to try to win more support, the company said on Thursday. Nikola had adjourned its June 6 annual meeting until Thursday to try to drum up more support for the proposal. Current law in Delaware, where Nikola is incorporated, requires approval from owners of at least 50% of the company's outstanding shares to pass a share increase proposal. However, that law may change on Aug. 1. Under amendments approved by Delaware's state legislature and now awaiting signature by the state's governor, a company incorporated in the state will need only a simple majority of shares voted to approve an increase in authorized shares. Nikola's meeting is now adjourned again until 4 p.m. ET on Aug. 3, when the new rule may be in effect. Nikola said that proposal would have passed on Thursday had the new ru

[ad_1] A Tesla showroom is seen in the City Center shopping center on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts, and that's proving to be a double-edged sword for the electric carmaker and the greater automotive industry. Tesla earlier this month slashed prices of its new cars by as much as 20% , making the vehicles more affordable and likely eligible for federal tax credits . But it also tanks the resale values of cars for current owners and is sending ripple effects through the auto industry. related investing news CEO Elon Musk hasn't directly addressed the price cuts, which are counterintuitive to his claims that the company's cars will be appreciating assets — a rarity for the market aside from classics and collectible vehicles. Analysts say the price cuts suggest Tesla is prioritizing sales over profits, potentially signaling a demand problem. "There's deman

[ad_1] Podcaster and comedian Joe Rogan. Vivian Zink | SYFY | NBCUniversal Spotify has signed a new blockbuster deal with polarizing podcaster and comedian Joe Rogan, but this time, his show won't be exclusive to Spotify, the company announced Friday in a news release. The multiyear deal with Rogan, the founder of "The Joe Rogan Experience," is said to be worth about $250 million, according to The Wall Street Journal, which first reported on the deal. The show was the No. 1 podcast in the U.S. for the third quarter of last year, according to Edison Research . Spotify also said it's expanding the partnership to allow the show to be available on other platforms. Shares of the audio streaming giant rose roughly 1.5% Friday. Spotify first brought "The Joe Rogan Experience" to its platform exclusively in 2020 in a deal that was reportedly worth more than $100 million. The talk-show style podcast is known — and often criticized for — its edgy approach and g

[ad_1] NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City.  Michael M. Santiago | Getty Images It's the most wonderful time of the year! It's the third annual anonymous media and entertainment executive predictions list! In honor of the 12 days of Christmas, I asked 12 past and current executives at the world's biggest media and entertainment companies for one industry-shaking prediction for 2024. And then I asked one more because this is the holiday season, and I was feeling generous. A baker's dozen! Actually, I asked a few more, but some overlapped. Quite a few of last year's predictions were accurate . Disney Chief Executive Bob Iger did extend his contract . Christine McCarthy stepped down as Disney's chief financial officer. Paramount Global hasn't sold, but controlling shareholder Shari Redstone is now in talks to sell Natio

[ad_1] Win Mcnamee | Getty Images News | Getty Images Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla Inc called the lawsuit by Dogecoin investors a "fanciful work of fiction" over Musk's "innocuous and often silly tweets" about Dogecoin. The lawyers said the investors never explained how Musk intended to defraud anyone or what risks he concealed, and that his statements such as "Dogecoin Rulz" and "no highs, no lows, only Doge" were too vague to support a fraud claim. "There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion," Musk's lawyers said. "This court should put a stop to plain

[ad_1] A Science employee at work in the lab. Courtesy: Science Corporation Biotechnology startup and Neuralink competitor Science on Monday launched a new platform that aims to make it easier for other companies to quickly develop and produce medical devices.  The platform, called Science Foundry, allows companies to utilize and build upon Science's internal infrastructure by offering access to more than 80 of its tools and services, like the company's thin-film electrode technologies. The cost of the technology required to develop medical devices is often "prohibitive" for early-stage startups, Science Co-Founder and CEO Max Hodak told CNBC in an interview. Individual tools can cost anywhere from $200,000 to $2 million, and Hodak said companies could easily spend hundreds of millions building a manufacturing line.  For many startups, that cost is too much to bear, but Hodak is hoping Science Foundry can help. "Hopefully, we bring down the barriers to innov

[ad_1] Social network Twitter, recently rebranded as X, has commandeered the handle "@music" from open-source software developer Jeremy Vaught, who told CNBC he created the account in 2007, and had built a community of around half a million followers there. While Elon Musk-led X gave Vaught no choice but to surrender the desirable username on its platform, he was offered the option to choose from a list of other handles related to the topic of music. His X-assigned account, which is "@musicfan," is not to his liking but he's settling for it for now. X ported his followers over to the new account at least, he said. The move on the part of the social media company raises questions about the worth of a handle on its platform. X terms of service , last updated in May, say, "We may also remove or refuse to distribute any Content on the Services, limit distribution or visibility of any Content on the service, suspend or terminate users, and reclaim username

[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. Don't sell Meta Look past Eli Lilly's tough quarter Chance to buy Estee Lauder 1. Don't sell Meta Shares of Meta Platforms (META) soared more than 25% Thursday morning, to $192.50 apiece, after the tech giant reported a fourth-quarter earnings beat Wednesday evening and announced a $40 billion stock buyback plan. The quarter was exactly what we had been waiting for, as the company demonstrated it's serious about controlling costs. CEO Mark Zuckerberg on Wednesday called 2023 "the year of efficiency," while lowering Meta's 2023 expenses outlook by $5 billion. We're holding onto our shares of Meta and expect the stock to move even higher, if Zuckerberg follows through on his promise to rein in spending. 2. Look past Eli Lilly's tough quarter Eli Lilly (LLY) stock was down

[ad_1] China is restricting the exports of gallium and germanium, two metals key to the manufacturing of semiconductors, its commerce ministry said in a statement late on July 3, escalating a technological trade war over access to microchips with Europe and the United States. Nurphoto | Nurphoto | Getty Images China is restricting the exports of two metals key to the manufacturing of semiconductors, its commerce ministry said late Monday , escalating a technological trade war with Europe and the United States over access to microchips. These new regulations — imposed on grounds of national security — will require exporters to seek a license to ship some gallium and germanium compounds starting Aug. 1, China's commerce ministry said . Applications for these export licenses must identify importers and end users and stipulate how these metals will be used. This move is part of an intensifying global battle for technological supremacy — with China as the world's largest sourc

[ad_1] A rendering of Telesat's low earth orbit broadband constellation Telesat Shares of Canadian telecommunications satellite operator Telesat surged on Friday after the company announced it would swap suppliers for its planned Lightspeed global internet network. Canadian space company MDA will now build the Lightspeed satellites, taking the place of French-Italian manufacturer Thales Alenia Space and resulting in "total capital cost savings" of about $2 billion, Telesat announced. The company expects to begin launching the first Lightspeed satellites in mid-2026, with global service beginning once the first 156 satellites are in orbit. The full network is planned to consist of 198 satellites. Telesat stock surged as much as much as 64% with heavy volume in early trading from its previous close at $8.45 a share, before slipping slightly to closer to 50%. "I'm incredibly proud of the Telesat team for their innovative work to further optimize ... resulting

[ad_1] Microsoft has pulled a computer-generated travel article on Ottawa, Canada, that included an eyebrow-raising recommendation. Along with popular tourist spots like Parliament Hill, the piece endorsed visiting the Ottawa Food Bank.  The now-deleted article , published this week on Microsoft's MSN website, is the latest in a long list of flubs from various news sites online that employ technology using algorithms and AI for creating content. The MSN article included the food bank as one of Ottawa's "cannot miss" tourist destinations, prompting a backlash from some readers on X, the social media site formerly known as Twitter.  "Microsoft is really hitting it out of the park with its AI-generated travel stories," one X user  said in a post. "If you visit Ottawa, it highly recommends the Ottawa Food Bank and provides a great tip for tourists: 'Consider going into it on an empty stomach.'" The tou