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Apple's main supplier, Foxconn Technology Group , plans to increase its investments to more than $1.2 billion (roughly Rs. 9,877 crore) in southern India's Karnataka state and add two component factories there, expanding a steady diversification from China to mitigate the risks of US economic and technology sanctions. At least one of the factories that the Taiwanese company plans to construct in Karnataka will produce Apple parts, including for iPhones, people familiar with the matter said. A formal announcement is expected as early as this week, the people said, declining to be named as the matter isn't public. The second plant will also be in Karnataka, but their exact location has yet to be decided. Foxconn is spending $500 million (roughly Rs. 4,115 crore) on these two complexes on top of a $700 million (roughly Rs. 5,760 crore) facility it aims to build on a 300-acre site close to the airport in Bengaluru, the capital of Karnataka, Bloomberg News previously reported

X owner Elon Musk and Chief Executive Linda Yaccarino will both oversee the trust and safety team at the company formerly known as Twitter, the social media concern said on Monday. X's product and engineering team will report to Musk, while Yaccarino will oversee all other divisions, including human resources, legal, finance, sales and operations, X said. The trust and safety team, which is responsible for content moderation, has been the focus of some criticism of the platform after Musk acquired the company last October. Researchers have accused X of relaxing content guard rails, leading to a spike in harmful posts. The company has said the majority of content views are of "healthy" posts. In an email to X employees on Monday, which was shared with Reuters, Yaccarino said the company is searching for a new leader for brand safety and suitability. The previous head of brand safety, A.J. Brown, who worked on efforts to prevent advertisements from appearing next to

Walmart has paid $1.4 billion (roughly Rs. 11,520 crore) to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart , the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors. A Walmart spokesperson confirmed the transaction in an emailed response to Reuters but did not comment on financial details of the deal. The transaction will value the e-commerce firm at $35 billion (roughly Rs. 2,88,010 crore), the WSJ report said. "We remain confident in the future of Flipkart and are even more positive about the opportunity in India today than when we first invested," the Walmart spokesperson said. Tiger Global did not immediately respond to Reuters' request for comment. Earlier this year, the Economics Times reported that private equity firms Accel and Tiger Global, two early backers of Flipkart, were in talks to sell their remaining stake in the company to Walmart. Tiger Global held about 4 percent of the compan

Samsung Galaxy Z Flip 5 was launched at the company's Galaxy Unpacked held in July. The smartphone, successor to last year's Galaxy Z Flip 4, is powered by a custom Snapdragon 8 Gen 2 SoC. It is backed by a 3,700mAh battery. The South Korean tech giant hosted another Galaxy Unpacked event in February this year, where it announced the launch of the Galaxy S23 series. The lineup included Galaxy S23, Galaxy S23+, and Galaxy S23 Ultra smartphones. The top-of-the-line Galaxy S23 Ultra is also equipped with a customised version of Qualcomm's Snapdragon 8 Gen 2 SoC. Both smartphones comes with some similarities and differences, in terms of their price and specifications. Here, we have compared the Samsung Galaxy Z Flip 5 and the Samsung Galaxy S23 Ultra. Samsung Galaxy Z Flip 5 vs Samsung Galaxy S23 Ultra: Price in India The recently launched Samsung Galaxy Z Flip 5 comes in two variants. The base 8GB RAM + 256GB storage variant is priced at Rs. 99,999, whereas the 8GB RAM +

The deadline to file ITR (Income Tax Return)  without any late fee is approaching closer. The last date to file ITR for assessment year 2023-24 is July 31. So far, the Income Tax Department has not announced any extension in the last date for filing ITR. One can easily file ITR online using a few simple steps. Once the ITR is filed, all taxpayers await the tax returns to be credited into their bank accounts. If you have already filed ITR, but are awaiting the amount to be refunded, we are providing here some simple steps to check the ITR status online.  The Income Tax Department has announced July 31 to be last date to file ITR. Once the process is done, and e-verification, taxpayers will receive the refund that they are eligible for in their bank accounts. To check the status of refund status, the Income Tax Department provides on online tracking facility. To check ITR refund status for individuals, one needs PAN number and the Assessment Year. Generally, it takes around 7 to 120 d

Micron Technology Chief Sanjay Mehrotra called on Prime Minister Narendra Modi on Friday and discussed plans to bolster the semiconductor manufacturing ecosystem within India. The Micron Technology Chief met the Prime Minister in Gujarat's Gandhinagar.  He is in India to attend the three-day ' SemiconIndia 2023 ' conference, which kicked off here on Friday. The conference, its second edition, organised by India Semiconductor Mission in partnership with industry and industry associations, is aimed to make India a global hub for semiconductor design, manufacturing and technology development. SemiconIndia was held in Bengaluru last year. The theme of the Conference is ‘Catalysing India's Semiconductor Ecosystem'. Regarding the meeting between the Micron Technology CEO and PM Modi, the Prime Minister's Office tweeted , “Mr. Sanjay Mehrotra, President and CEO of @MicronTech, met PM @narendramodi in Gandhinagar. They discussed Micron Technology's plans to b

US President Joe Biden is planning to sign an executive order to limit critical US technology investments in China by mid-August, according to people familiar with the internal deliberations. The order focuses on semiconductors , artificial intelligence and quantum computing . It won't affect any existing investments and will only prohibit certain transactions. Other deals will have to be disclosed to the government. The timing for the order, slated for the second week of August, has slipped many times before, and there is no guarantee it won't be delayed again. But internal discussions have already shifted from the substance of the measures to rolling out the order and accompanying rule, said the people familiar who spoke on condition of anonymity. The restrictions won't take effect until next year, and their scope will be laid out in a rulemaking process, involving a comment period so stakeholders can weigh in on the final version. A spokeswoman for the National Sec

Elon Musk said on Friday that monthly users of social media platform X, formerly known as Twitter , reached a "new high" and shared a graph that showed the latest count as over 540 million. Musk's post on X about the user figures comes as the company goes through organisational changes and looks to boost advertising revenue which has dropped in the recent month. It is also the latest in a series of comments from X's executives claiming strong traction in usage, after Meta Platforms launched a direct competing platform called Threads on July 5. Twitter had 229 million monthly active users in May 2022, according to a statement made before Musk's purchase of the firm in October. Musk posted in November that X had 259.4 million daily active users. Since taking over, Musk has swiftly moved through a number of product and organizational changes. The company rolled out the verified blue tick as a paid service and has started sharing a cut of the ad sales with sele

From Intel to Samsung , global chipmakers are celebrating the beginning of the end of a semiconductor supply glut, but the outlook for demand from customers outside the artificial intelligence (AI) industry remains gloomy. All the major markets for chips — smartphones , PCs and data centres — have shrunk this year, as both corporate customers and consumers scale back spending amid a weak global economy, high inflation and rising interest rates. This has created an unprecedented oversupply of commodity chips, causing a record combined KRW 15.2 trillion (nearly Rs. 98,650 crore) first-half operating loss for the world's two largest memory chipmakers, Samsung and SK Hynix .  This glut, however, has started to ease largely due to production cuts and as a decline in PC shipments eased to 11 percent in the June quarter compared to a 30 percent slump in each of the previous two quarters, data from tech analysts Canalys showed. The smartphone market is also improving, with cellphon

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million (roughly Rs. 3,290 crore) in India over the next five years and will build its largest design centre in the tech hub of Bengaluru. AMD's announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi's home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the government has been courting investments into India's nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. "Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide," Papermast

iPhone 15 Pro — Apple's flagship smartphone that is expected to make its debut this year — could be equipped with a new Action button, after features related to the physical button were reportedly spotted on the latest iOS 17 beta. Previous leaks suggest that the iPhone 15 Pro and iPhone 15 Pro Max will feature a new physical button in place of the mute switch, and a new report now suggests that Apple's next Pro smartphone models could support at least nine functions that are customisable. Apple recently rolled out iOS 17 beta 4 to developers, with various bug fixes and tweaks to the interface. The latest beta also includes code that point to the existence of the rumoured Action button, according to a MacRumors report . The code also suggests that the button could support a range of features, from toggling accessibility settings to enabling and disabling Focus modes. In addition to offering the functionality of the mute switch it is expected to replace, the Action button

iPhone 15 family— including the vanilla iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max — could be unveiled sometime in September. This year, the iPhone 15 Pro and Pro Max models are anticipated to be more expensive than the previous Pro models, and a new claim by a Barclays analyst corroborates this rumour. The vanilla iPhone 15 and iPhone 15 Plus will have the same price tag as the outgoing models. The iPhone 15 Pro is said to get new cameras and a faster chipset compared to the non-Pro models.  As reported by MacRumors, Barclays analyst Tim Long mentioned in an investor note that iPhone 15 Pro models will come with a higher price tag than the ongoing iPhone 14 Pro models this year. The iPhone 15 Pro will reportedly cost up to $100 (roughly Rs. 8,000) more than the iPhone 14 Pro , whereas the iPhone 15 Pro Max could see a price hike of $100 to $200 (roughly Rs. 16,000) more than the iPhone 14 Pro Max . The analyst states that the pricing would remain similar for

Reels , Meta Platforms' answer to viral short-form video app TikTok, elicited eyerolls when it launched in 2020 and was regarded as yet another example of Meta copying a popular rival. But on Wednesday, Meta revealed numbers that show Reels videos are growing rapidly among both users and advertisers and are quickly catching up to the ByteDance-owned TikTok app that is beloved by young users and has reshaped the social media landscape. Meta says the rags-to-riches growth of Reels, which are viewable on both Facebook and Instagram , speaks in part to the company's improving recommendation software, long the Chinese-owned rival's strong point. "We can show Reels that we think you're interested in based on our discovery engines," Justin Osofsky, Meta's head of online sales, operations and partnerships, said in an interview on Thursday. The number of Reels video plays on Facebook and Instagram now top 200 billion per day, up from 140 billion last fall. T

Amazon India on Thursday announced its first-ever floating store on Dal Lake in Srinagar, Kashmir, as part of its last-mile delivery programme "I Have Space".  Murtaza Khan Kashi, owner of houseboat Selec Town, will deliver packages every day to customers at the doorstep of their houseboats as part of the onboarding. Amazon Logistics, India, Director Karuna Shankar Pande said this will provide faster and reliable deliveries to customers across Srinagar, opportunities for small businesses and strengthen Amazon's delivery network. Launched in 2015, the 'I Have Space' programme has 28,000 neighbourhood and kirana partners in about 420 towns and cities in India. It partners with local stores and small businesses for delivering products within a 2 to 4 kilometres radius. Amazon's flagship programme ‘I Have Space' facilitates the delivery of parcels and couriers. Once enrolled, the IHS partner receives packages on store location, which they need to deliver t

A parliamentary panel on Thursday expressed concern over mushrooming of cyber crimes and increasing data vulnerability, and suggested that the government should come out with a framework to deal with such risks.  The Standing Committee on Finance recommended setting up of Cyber Protection Authority (CPA) and advocated that the CPA engage ethical hackers to test ecosystem participants. To enhance the prevention and detection of fraud in the banking sector, the committee headed by Jayant Sinha strongly suggested the establishment of a Central Negative Registry and that the CPA should maintain this registry. Noting that current compensatory mechanism for victims of cybercrime in the financial sector has limited scope and coverage, the panel said financial institutions must play a supportive role as there is a fiduciary relationship between financial institutions and their customers. The process of filing a compensation claim is complex and time-consuming, placing the burden of proof

Vivo V29 5G, which is expected to debut alongside the Vivo V29 Pro, has reportedly been spotted on the Google Play Console. The listing reveals the rear as well as the front design of the phone alongside a few other key details of the handset. Vivo is yet to announce a launch date for its upcoming smartphones. Recently, a video teasing the purported smartphone was shared by Vivo Turkiye, but detailed specifications of the handset have not been revealed by the company. According to a report by MySmartPrice, the purported Vivo V29 5G has been spotted on a Google Play Console listing with the model number V2250. The listing not only reveals the design of the smartphone but also lists a few key specifications. The handset has been shown in a light blue colour option and it has a display with curved edges. It could sport a rectangular camera module that houses two circular camera cutouts and an LED flash on the back. On the front, the handset will have a centrally positioned hole-punch c

Bitcoin showed a gain of 0.72 percent to trade at the price point of $29,370 (roughly Rs. 24 lakh) on Thursday. After days of being down on the crypto price chart, Bitcoin — the most expensive cryptocurrency — is beginning to show small gains. In the last 24 hours, the price point of BTC rose by $219 (roughly Rs. 17,946). The development comes just hours after the US hiked interest rates by 0.25 percent, taking its value to a 22-year high. Ether recorded profits on Thursday, just like Bitcoin . With a gain of 1.07 percent, the value of ETH stands at $1,873 (roughly Rs. 1.53 lakh). In recent days, Ether has held firm ground in terms of keeping its price close to the mark of $2,000 (roughly Rs. 1.63 lakh) but has not been able to breach it. A plethora of cryptocurrencies registered gains on Thursday. These include Tether , Ripple , Binance Coin , USD Coin , and Cardano . Furthermore, Solana , Tron , Polygon , Litecoin , and Polkadot also managed to rope in profits. The overall cryp

Samsung Galaxy Z Fold 5 and Samsung Galaxy Z Flip 5 were launched alongside the Galaxy Watch 6 series and the Galaxy Tab S9 series on Wednesday. The Watch 6 series includes a base and a Classic model. The tablet lineup came with a base, a plus and an ultra model. All the devices were introduced during the Galaxy Unpacked event held in Seoul. The Galaxy Z Fold 5 and Galaxy Z Flip 5 succeed the Galaxy Z Fold 4 and Galaxy Z Flip 4 , respectively. Both the recently launched handsets are powered by an octa-core Qualcomm Snapdragon 8 Gen 2 SoC and run Android 13-based OneUI 5.1.1 The Galaxy Z Fold 5 and the Galaxy Z Flip 5 share some similarities and also have a few differences. Here we compare the price, specifications and features of the two newly-launched Samsung foldable smartphones. Samsung Galaxy Z Fold 5, Samsung Galaxy Z Flip 5 price in India The Galaxy Z Fold 5 price starts at Rs. 1,54,999 for the 12GB + 256GB variant. The 12GB + 512GB and 12GB + 1TB variants are listed at Rs.

A Foxconn subsidiary is in talks with India's Tamil Nadu state to invest up to $200 million (roughly Rs. 1,638 crore) to build a new plant for electronic components in the southern region, two sources with direct knowledge told Reuters on Wednesday. Brand Cheng, CEO of Foxconn Industrial Internet (FII), and other company representatives  last week met Tamil Nadu officials including its chief minister to discuss investments in the state, the government said in a statement after the meeting, without elaborating. FII, which makes communication, mobile network and cloud computing equipment, has shared a plan with state officials to initially invest $180 million (roughly Rs. 1,475 crore) to $200 million in the facility, said one of the sources. Foxconn, the world's largest contract electronics manufacturer, and a spokesperson for Tamil Nadu's industries department declined to comment. Foxconn already has a sprawling campus near Chennai city in Tamil Nadu where it assembles

Samsung Galaxy Watch 6 series was launched in Seoul on July 26 at the Galaxy Unpacked event. The lineup includes the Galaxy Watch 6 and the Galaxy Watch 6 Classic . The wearables are available in different colours and sizes, and can be pre-ordered on Samsung's official website, or Samsung offline stores. Both the smartwatches — the Galaxy Watch 6 and Galaxy Watch 6 Classic — can be connected with devices running Android 10 or higher. A day after the wearable's official launch, the South Korean giant has now revealed the Indian prices for the Galaxy Watch 6 series. Samsung Galaxy Watch 6, Samsung Galaxy Watch 6 Classic price, availability in India In India, the Galaxy Watch 6 comes at a starting price of Rs. 19,999 for the 40mm dial with Bluetooth/WiFi connectivity. Meanwhile the 40mm Galaxy Watch 6 with LTE connectivity costs Rs. 33,999. On the other hand, the 44m Galaxy Watch 6 with Bluetooth/WiFi support is marked at Rs. 32,999, whereas the LTE variant in 44mm will be ava

Samsung Galaxy Z Fold 5 and Galaxy Z Flip 5 were launched on Wednesday during the Galaxy Unpacked event in Seoul, South Korea. The foldable smartphones were unveiled alongside the Galaxy Watch 6 series and the Galaxy Tab S9 series. The phones are powered by the Snapdragon 8 Gen 2 for Galaxy custom SoC that offers overclocked CPU and GPU cores. The Galaxy Z Flip 5 is backed by a 3,700mAh battery, while the book-style Galaxy Z Fold 5 packs a 4,400mAh battery. At an event held at Samsung's, Gangnam store in Seoul, South Korea, the company has now confirmed the prices and availability of the phones in India. Samsung Galaxy Z Fold 5, Samsung Galaxy Z Flip 5 price in India, availability The Galaxy Z Fold 5 comes with 12GB of RAM. Offered in Cream, Icy Blue and Phantom Black colourways, the 256GB variant is priced in India at Rs. 1,54,999, while the 512GB and 1TB variants are marked at Rs. 1,64,999 and Rs. 1,84,999 respectively. The phone is exclusively available in Icy Blue, Phantom