112,000 PCs worldwide infected by crypto mining malware
Fri, Sep 2, 2022 2:30 PM

112,000 PCs worldwide infected by crypto mining malware

Thousands of computers worldwide have been infected by the cryptocurrency mining virus. The malware has been active since 2019. The spyware has been mining the Monero (XMR), a privacy coin on infected computers. PCs that use fake desktop versions of leading apps like YouTube Music, Microsoft Translate, and Google Translate are the ones that get infected by this virus.

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💵 This Adani stock becomes the 10th-largest listed firm by market value
Fri, Sep 2, 2022 2:24 PM

💵 This Adani stock becomes the 10th-largest listed firm by market value

Adani Transmission Ltd surpasses corporate giants like India's LIC, Bharti, and ITC, to become India’s 10th-largest listed firm by market value🎯. The stock has soared nearly 125% this year, improving its market capitalization to 4.4 trillion rupees on Friday📊. The New Delhi-based power utility firm is trading more than 300 times which makes it the most expensive stock in the global sector.

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Infosys acquires BASE life sciences
Fri, Sep 2, 2022 2:15 PM

Infosys acquires BASE life sciences

BASE Life Science, top technology and consulting company in the European life sciences market has been fully acquired by Infosys. The acquisition confirms Infosys' dedication to assisting international firms in gaining economic value from cloud-first platforms and data in order to accelerate clinical trials and scale medication development, improving lives and resulting in better health outcomes.

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Snap’s Web3 team among 20% workforce reduction
Fri, Sep 2, 2022 2:14 PM

Snap’s Web3 team among 20% workforce reduction

Social media giant, Snap appears to have cut down its Web3 team as part of the social media company’s decision to restructure and cut its headcount by about 20%. CEO Evan Spiegel acknowledged that executives were concerned about company's underperformance after the release of the company's second-quarter earnings in July.

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Bharat Electronics soar as Dinesh Kumar Batra takes charge as CMD
Fri, Sep 2, 2022 2:06 PM

Bharat Electronics soar as Dinesh Kumar Batra takes charge as CMD

The CFO of aerospace and defence electronics manufacturer Bharat Electronics, Dinesh Kumar Batra, has been given additional charge as chairman and managing director. On that note, the shares of Bharat Electronics soared in Friday’s trading session. On September 1, brokerage firm JM Financial came up with a Buy rating with a target price of Rs 350.

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Meta & Qualcomm shook hands to build future VR headsets
Fri, Sep 2, 2022 1:57 PM

Meta & Qualcomm shook hands to build future VR headsets

The parent companies of Facebook, Meta and Qualcomm, are continuing to invest more in the metaverse. The most recent action is a new multi-year deal under which Meta will power its VR and AR devices for the foreseeable future using Qualcomm's Snapdragon XR platform. Meta Quest 2 is already powered by Qualcomm's Snapdragon XR2 platform, while the first Quest was powered by the Snapdragon 835.

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Japan's Nikkei has logged its worst weekly loss in 3 months on rate angst
Fri, Sep 2, 2022 1:50 PM

Japan's Nikkei has logged its worst weekly loss in 3 months on rate angst

Japan's Nikkei share average recorded its worst week in nearly three months on Friday. The benchmark closed the day on a flat note. It was dragged down by concerns over aggressive interest rate hikes globally, with a weaker yen providing only a shred of relief. The Nikkei ended 0.04% lower at 27,650.84 and recorded a 3.4% weekly dip, its worst loss since mid-June.

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Australia fines Mercedes $8.5 million for being slow to recall airbags
Fri, Sep 2, 2022 1:49 PM

Australia fines Mercedes $8.5 million for being slow to recall airbags

Mercedes Benz was fined A$12.5 million ($8.49 million) by the Federal Court of Australia for neglecting to inform customers that its "possibly fatal" airbags needed to be recalled immediately. The German manufacturer admits to breaking Australian consumer law by failing to make clear to customers the importance of the recall, according to the Australian Competition & Consumer Commission (ACCC).

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Google has launched user choice billing pilot in India
Fri, Sep 2, 2022 1:35 PM

Google has launched user choice billing pilot in India

Google is set on a course to roll out the next phase of its user choice billing pilot project, with India being among the markets where users can avail of the service. Countries like Australia, Indonesia, Japan, and the European Economic Area, along with India, are getting the service, the tech giant said on Friday, September 2.

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Adani Enterprises tops new peak on Nifty50 inclusion announcement
Fri, Sep 2, 2022 1:29 PM

Adani Enterprises tops new peak on Nifty50 inclusion announcement

Following the announcement that it would be included in the Nifty50 index during the impending rejig, the shares of the parent company of the Adani Group, Adani Enterprises, reached a new high on Friday. Shree Cement, a well-known manufacturer of cement, will be replaced by Adani Enterprises in the bourse' Nifty50 Index. The share of Adani enterprises is trading at 3338.5 (up 3.26%) at 01:25 PM.

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GMR Infra spikes after Rs 1,330 crore divestment in Mactan Cebu
Fri, Sep 2, 2022 1:15 PM

GMR Infra spikes after Rs 1,330 crore divestment in Mactan Cebu

The shares of GMR Infra logged a spike in Friday’s trade after the company’s subsidiary GMR Airports inked a deal with Aboitiz InfraCapital for divestment of its stake in Mactan Cebu International Airport. GMR Airports International BV (GAIBV), a step-down subsidiary of GMR Infrastructure has signed definitive agreements with Aboitiz InfraCapital Inc (AIC), for AIC to acquire shares in GMCAC.

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Russian gas link to resume as traders consider additional halts
Fri, Sep 2, 2022 1:11 PM

Russian gas link to resume as traders consider additional halts

Markets will be relieved to see gas supplies from Russia return through their main pipeline to Europe, despite ongoing concerns about additional halts this winter. Grid data indicate flows will start back up on Saturday at 20% of capacity as intended. Policymakers in Europe were worried that the Nord Stream pipeline may not be able to restart when Russia shut it down for essential repair.

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Deadline for public comments on consultation paper extended by SEBI
Fri, Sep 2, 2022 12:55 PM

Deadline for public comments on consultation paper extended by SEBI

The deadline for public comments on the consultation paper on blue bonds as a sustainable mode of finance has been extended till the end of September by the capital markets regulator Sebi. Blue bonds can be used for several blue economy-related activities, including oceanic resource mining and sustainable fishing.

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$50M to be returned by crypto lender Celsius to locked out users
Fri, Sep 2, 2022 12:55 PM

$50M to be returned by crypto lender Celsius to locked out users

Crypto lender Celsius has motioned for $50M worth of the total $225 M held in the Custody Program and Withhold Accounts to be released to owners. These funds are not part of the bankruptcy estate, unlike funds from Earn and Borrow clients. Only customers of Custody and Withold Accounts and for custodied assets worth $7,575 or less in value will be eligible for the return.

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ETH is currently trading at $1,586, up by 2.18% in the last 24h
Fri, Sep 2, 2022 12:40 PM

ETH is currently trading at $1,586, up by 2.18% in the last 24h

Ethereum currently trades at $1,586. In the last 24 hours, the coin has moved 2.18% to the upside and decreased by 4.66% in the last 7 days. The second-largest cryptocurrency by market cap is in green, like the rest of the market. The 24-hour trading volume stands at 16.5 Billion, which is a 12.81% decrease in the last 24 hours.

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