Fitbit Agrees to Pay $12 Million for Not Quickly Reporting Burn Risk With Watches
Reports that Fitbit’s Ionic smartwatch was overheating began in 2018 and continued into 2020. But according to U.S. officials, the company did not quickly report, as the law requires, that the battery inside the watch was creating an unreasonable risk of serious injury or death to consumers. On Thursday, the
Existing-Home Sales in 2024 Were Slowest in Decades Amid High Mortgage Rates
High interest rates kept U.S. home sales in a deep freeze for much of last year. It could be a while before the market experiences much of a thaw. Americans bought just over four million previously owned homes last year, the National Association of Realtors said on Friday. That was
TikTok Ban and Trump Executive Order Lead to Tech Company Dilemma
For more than six years, Amazon Web Services, the world’s largest cloud computing company, provided technical support to deliver TikTok videos to tens of millions of Americans. But over the weekend, Amazon faced a dilemma. A new law was taking effect banning TikTok, owned by the Chinese company ByteDance, in
Everstone buys majority stake in SaaS co Wingify for $200 million
BENGALURU: Private equity firm Everstone has finalised an agreement to acquire a majority stake in Wingify, one of India’s earliest bootstrapped software-as-a-service (SaaS) success stories, in a deal valued at about $200 million, according to sources familiar with the matter. Founded in 2010 by Paras Chopra and Sparsh Gupta, New
IPO-bound Infra.Market raises $121 million
MUMBAI: B2B player Infra.Market, which has joined a rush of startups planning list this year in a hot IPO market, has raised $121 million (Rs 1,050 crore) at a valuation of $2.8 billion. Investors include Tiger Global, Evolvence and Foundamental, regulatory filings made with the registrar of companies showed. The
Musk Plan for Retooling Government Takes Shape, but Big Questions Loom
The initial plan for retooling the federal government under President Trump started with three loyal billionaires: the banker Howard Lutnick, the tech leader Elon Musk and the entrepreneur Vivek Ramaswamy. Now, it’s down to one. Mr. Lutnick emerged as Mr. Trump’s pick to run the Commerce Department. Mr. Ramaswamy decided
Stock market today: BSE Sensex ends over 300 points down; Nifty50 above 23,050
Continuous foreign fund withdrawals also affected market sentiment. (AI image) Stock market today: Stock market indices Sensex and Nifty ended lower after initial gains in a volatile trading session on Friday, breaking their two-day positive momentum as investors reduced positions in realty, oil & gas and healthcare sectors amidst mixed
HPCL shares jump nearly 5% as net profit more than triples in Q3
NEW DELHI: Shares of Hindustan Petroleum Corporation Ltd (HPCL) on Friday climbed nearly 5 per cent after the firm reported more than tripling of its December quarter net profit as marketing margins soared. The stock jumped 4.91 per cent to Rs 380 on the BSE. At the NSE, it surged
Meta to Increase Spending to $65 Billion This Year in A.I. Push
Mark Zuckerberg spent all of 2024 telling investors that artificial intelligence would be key to the future of his company, Meta. In 2025, he plans to put his money where his mouth is. On Friday, Mr. Zuckerberg said the company expected its capital expenditures in 2025 to come in at
LTIMindtree appoints Venu Lambu as CEO designate
BENGALURU: LTIMindtree has named its former president, Venugopal (Venu) Lambu, as CEO designate and director effective Friday, with a five-year tenure. Operating from London, Lambu represents a rare instance of a senior executive returning to assume the CEO position at his former company. He has joined the board of directors