News

European Central Bank President Christine Lagarde called cryptocurrency ‘worthless’ during an interview. Lagarde who’s consistently had a negative stance on cryptocurrencies reiterated her view claiming they are “based on nothing” and should be strictly regulated. Lagarde further argued that investing in Bitcoin and the altcoins could leave people “terribly disappointed” since the industry lacks proper
0 Comments
Broadcom said on Thursday it will buy cloud service provider VMware in a $61 billion (roughly Rs. 4,73,223 crore) cash-and-stock deal to further diversify the chipmaker’s business into enterprise software. Broadcom’s shares were up 1.6 percent, while those of VMWare were down nearly one percent in premarket trading. The acquisition is the second biggest announced
0 Comments
Samsung Group will invest KRW 450 trillion (roughly Rs. 27,60,920 crore) in the next five years to accelerate growth in semiconductors, biopharmaceutical, and other next-generation technologies, Samsung Electronics said. South Korea’s top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive long-term growth in strategic areas such as the chip sector, while
0 Comments
India’s Mahindra and Mahindra will explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio, its chief executive told Reuters. Anish Shah said Mahindra had over time focussed on developing EV components in-house, but now changed tack to forge partnerships to achieve faster growth in the segment. Mahindra last week signed
0 Comments
NASA will soon be scaling up its documentation of environmental and societal changes on Earth. The space agency will achieve this by working in collaboration with its partners in Europe and Japan, namely ESA (European Space Agency) and JAXA (Japan Aerospace Exploration Agency). The collaboration will include utilising all the Earth-observing satellite data available so
0 Comments
Scientists have long tried to create new allotropes (forms) of carbon because of their versatility and usefulness for the industry. But only limited success was achieved so far. That is set to change now. In a major breakthrough, researchers at the University of Colorado Boulder, US, have successfully synthesised the long-hypothesised “next-generation wonder material” graphyne.
0 Comments