applied Materials forecasts upbeat first-quarter revenue on resilient demand
Applied Materials (AMAT.O) forecast first-quarter revenue above analysts' estimates on Thursday, but the company's shares fell more than 7% after the bell following a report that the semiconductor equipment maker was under investigation. Key Points
ReutersVehicle software maker applied Intuition raises $250 million from Porsche, others
By Gursimran Mehar and Krystal Hu (Reuters) -U.S.-based vehicle software supplier applied Intuition has raised $250 million in its latest Series E funding round, valuing it at $6 billion, the company Key Points
ThePrintExclusive: applied Materials under US criminal probe for shipments to China's SMIC-sources
Semiconductor equipment maker applied Materials (AMAT.O) is under U.S. criminal investigation for potentially evading export restrictions on China's top chipmaker SMIC, according to three people familiar with the matter. Key Points
Reuters2 dead due to jerk after Delhi-bound train uses emergency brake in Jharkhand
The train applied an emergency brake after the overhead electric wire fell on it while running at a speed of 130 kilometres per hour. Two people died due to the jerk impact. Key Points
India Todayapplied Digital shares tumble after Wolfpack Research takes short position
Shares of applied Digital (APLD.O) slumped on Thursday after Wolfpack Research disclosed a short position in the digital infrastructure company and accused it of "an embarrassing and predictable stock promotion." Key Points
ReutersDevice maker Medtronic blasts rival's 'threadbare' antitrust lawsuit
Medical technology company Medtronic PLC has asked a U.S. judge in California to dismiss as "threadbare" an antitrust lawsuit from rival device manufacturer applied Medical Resources Corp accusing it of unlawful discounts and exclusive contracting. Key Points
Reutersapplied Materials aims to boost chip factory productivity with new tech
Applied Materials (AMAT.O) on Tuesday released its first major update to some of its core semiconductor manufacturing equipment in more than decade, aiming to boost the number of chips factories can make while using less energy. Key Points
Reutersapplied Materials works to bring global suppliers to India
Applied Materials (AMAT.O) wants its suppliers from Europe, Japan and elsewhere to set up operations in India, as the semiconductor toolmaker works to expand the local supply chain, its India head told Reuters. Key Points
ReutersWe are looking to get an NBFC licence to test some new-to-credit models: PhonePe CEO Sameer Nigam
'The interchange on those applied by UPI is 1.1%, to be paid by the acquirer to the issuer.' Key Points
FinancialexpressStarlink takes another step for India foray
The US company had earlier applied to the department of telecommunications (DoT) for getting a global mobile personal communication by satellite services (GMPCS) licence. Officials aware of the details told ET that a security check from the ministry of home affairs is underway for Starlink's GMPCS licence, which is likely to be granted in a couple of months. Key Points
Economic Times‘We plan to double the pace of chip commercialization’
Applied Materials Inc. plans to compress its research, development, and trial cycles of semiconductor production technologies by halving the current 10-15 year timeframe. Key Points
mintVedanta-Foxconn JV applies again for Semicon sops
The company had earlier applied to receive incentives for making 28 nm chips. It has now modified its application to manufacture 40 nm chips and receive incentives in that category, a source said. Earlier this year in May, the IT ministry had revised the guidelines for applying for incentives and said the applicants would now be able to apply as and when they either have a production grade technology or have a partnership with such company. Key Points
Economic TimesAjay Singh, Sky One and Busy Bee file firm bids for Go First
SpiceJet promoter Ajay Singh, Sky One, and Busy Bee have submitted the bank guarantee and expression of interest for bankrupt Go First Airlines. The lenders may extend the resolution process deadline by two months. Singh applied individually, while Busy Bee is a new applicant associated with Plan IT. Safrik Investments and NS Aviation did not submit guarantees. The three entities will receive more information on Go First to develop a formal plan. Creditors may vote again to extend the resolution timeline beyond the current deadline. Key Points
Economic TimesDoctor in America applies for passport renewal, ends up losing his US citizenship after 61 years. Here's why
Siavash Sobhani, a doctor with a US passport, lost his US citizenship at the age of 61 after being told he was not an American citizen. The cancellation was due to his father's diplomatic immunity at the time of his birth. Key Points
mintXAT 2024 second mock test today on xatonline.in
Candidates who have applied for the exam before November 3 can take the mock test on xatonline.in. | Competitive Exams Key Points
Hindustan Timesapplied Digital confident on annual revenue as AI drives up data center demand
Applied Digital (APLD.O) forecast annual revenue above market estimates on Monday, as the rise of artificial intelligence drives up demand for its data center services, sending the company's shares 18% higher in early trading. Key Points
ReutersAkshay Kumar To Renounce Canadian Passport: "India Is Everything To Me"
"You feel bad when people say things without knowing anything...," said Akshay Kumar Key Points
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