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The initial public offering (IPO) of Aditya Infotech Ltd. closed with a robust subscription on Thursday. The mainboard IPO was overall subscribed 100.69 times on the last day. The IPO received bids for more than 113 crore shares against 1.12 crore shares on offer. As per the NSE data, retail investors booked their quota 50.87…
Apple has been the target of a fair amount of criticism over the past year, from its AI missteps to a strong distaste for its new design ethos. But the numbers don’t lie, and if Apple knows how to do anything it’s sell iPhones. Specifically, three billion of them, as CEO Tim Cook announced on…
Hello, and welcome to Decoder! This is Alex Heath, your Thursday episode guest host and deputy editor at The Verge. Today, I’m joined by Hayden Field, The Verge’s senior AI reporter. We’re talking about the AI talent wars and why some researchers are suddenly getting traded like they’re NBA superstars. If you’ve been paying attention…
Mark Zuckerberg’s AI hiring spree is costing a lot of money. His investors don’t care. Meta’s stock price shot up over 10 percent on Wednesday after the company reported better-than-expected earnings. Revenue generated in the second quarter was $47.5 billion, up 22 percent from a year ago. Daily users across Facebook, Instagram, Threads, and WhatsApp…
Ziff Davis, the media conglomerate that owns outlets like CNET, ZDNET, PCMag, and Mashable is laying off 15 percent of the unionized workforce, or 23 total people. The majority of layoffs are coming from CNET, where 19 people will lose their jobs — even as Ziff Davis goes on a shopping spree. The layoffs will…
Jayanth Challa, president of American Telugu Association (ATA) with Laura Williams, the incoming U.S. Consul General in Hyderabad. Jayanth Challa, president of the American Telugu Association (ATA), met Laura Williams, the incoming U.S. Consul General of the US Consulate Hyderabad, in the USA, and discussed issues related to students’ concerns and enhancing business-to-business connections between…
The company’s revenue from operations rose 11% YoY to Rs 875 crore in Q1FY26 from Rs 790 crore in Q1FY25. Ebitda increased 19% YoY to Rs 224 crore in Q1FY26 while the Ebitda margin stood at 25%, compared to 23% in the year-ago period. Profit after tax surged 59% YoY to Rs 87 crore in…
The Federal Communications Commission (FCC) has approved Skydance’s $8 billion purchase of CBS-owner Paramount after the companies agreed to end diversity, equity, and inclusion (DEI) programs but feature a “diversity of viewpoints from across the political and ideological spectrum.” In light of the Trump administration’s critiques of CBS’s alleged anti-conservative bias — including collecting a…
Tom Conrad took over as interim CEO in January. Sonos has officially appointed Tom Conrad as CEO, the company announced on Wednesday. Conrad took over as interim chief executive in January following the company’s disastrous app launch in May 2024, which led to the resignation of former CEO Patrick Spence. Now, Conrad says he’s ready…
President Donald Trump plans to impose a 25 percent tariff on goods imported from South Korea and Japan. The levy will go into effect on August 1st, which is when the Trump administration will begin enforcing sweeping tariffs on a wider swath of countries that fail to reach a trade agreement with the US. The…
