Thursday, April 24
Chinese officials are evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to people familiar with the matter.Beijing officials strongly prefer that TikTok remains under the ownership of parent ByteDance Ltd., the people say, and the company is contesting the impending ban with an appeal to the US Supreme Court. But the justices signaled during arguments on Jan. 10 that they are likely to uphold the law. Senior Chinese officials had already begun to debate contingency plans for TikTok as part of an expansive discussion on how to work with Donald Trump’s administration, one of which involves Musk, said the people, asking not to be identified revealing confidential
HCL Technologies shares will remain in focus on Tuesday, January 14, after the IT services company reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024. The same stood at Rs 4,350 crore a year ago.Revenue from operations in the third quarter rose 5% to Rs 29,890 crore, compared with Rs 28,446 crore in the same quarter of last year.The company has reported an operating EBIT (earnings before interest and tax) of Rs 5,821 crore for the third quarter, which was up 4% YoY and nearly 9% QoQ (quarter-on-quarter).In constant currency (CC) terms, revenue growth for the quarter stood at 4% YoY. Meanwhile, the USD revenues during the reporting period rose 3.5% YoY to $3.53 billion.HCL Tech said the growth during the quarter is powered by broad-based
What was being seen as the next big frontier for consumers may be turning out to be a dud. Samsung’s flagship mobiles in 2024 centred around offering fresh, new AI-based features across photo editing, text generation, and interactive search while Apple’s latest iPhones came with Apple Intelligence, a spread of GenAI features being introduced in a staggered manner till mid-2025. For others, such as Xiaomi and Vivo, AI-based features were there in most recent launches.Cutting the hype, only around 10% of the estimated 154 million smartphones shipped in 2024 in India are actually capable of running on-device generative AI, said Counterpoint Research. A poll conducted in November by Canalys revealed 31% of retailers do not plan to sell AI PCs in 2025 due to poor adoption. Even more so, onl
