Rs. 1 Crore

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  Losses from Crypto Hacks Jumped to $2.2 Billion in 2024: Chainalysis

  The hacking amount exceeded $1 billion (roughly Rs. 8,502 crore) for the fourth straight year and the number of incidents rose to 303 from 282 in 2023, it said.

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  Retail Investors Express Interest in Crypto, Yet Market Volatility and Fraud Risks Deter Participation: IOSCO Report

  In a report, IOSCO noted that even in 2022, when the crypto sector's valuation fell below $1 trillion (roughly Rs. 1,67,09,363 crore), retail investors continued to invest in crypto assets. This trend was observed not only among retail investors in advanced economies but also among those in emerging markets.

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  Bharti Airtel Pays $1 Billion to Partly Clear 2016 Spectrum Dues

  Airtel has partly settled its outstanding spectrum fees from a 2016 auction. This is the first payment the country's second-largest telecom operator is making for the phone spectrum it acquired for $2.13 billion (roughly Rs. 17,852 crore) in 2016.

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  India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports

  Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.

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  AI Market Will Surge to Near $1 Trillion by 2027, Bain Says

  A recent report by Bain has predicted that global market for AI-related products will hit as much as $990 billion (roughly Rs. 82,75,424 crore) in 2027. Companies are moving beyond an experimentation phase and beginning to scale generative AI across their operations, Bain said.

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  Supreme Court Rejects Telcos' Plea on AGR Dues Owed to Government

  The Supreme Court has dismissed a plea from telecom companies to reassess the dues they owe the government, resulting in a decline in the stock prices of Vodafone Idea and its counterparts. Vodafone Idea and Bharti Airtel are facing a combined debt of Rs. 1 lakh crore in outstanding dues, encompassing spectrum charges and licensing fees.

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  NXP Semiconductors to Invest Over $1 Billion in India Pushing R&D Efforts

  India is getting an investment of over $1 billion (roughly Rs. 8,398 crore) from NXP Semiconductors. India expects its semiconductor market to be worth $63 billion (roughly Rs. 5,29,102 crore) by 2026.

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  Apple Loses Court Battle in EU, Ordered to Pay Over $14 Billion in Back Taxes to Ireland

  The European Court of Justice has now sided with Vestager, agreeing Apple had unduly benefited from unfair loopholes in Ireland's tax regime, and that the company must now hand Ireland EUR 13 billion roughly Rs. 1,20,903 crore) in back payments.

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  WazirX Hacker Moves Millions Worth of ETH Using Tornado Cash, Suggests Arkham Research

  Data collected by Arkham Research showed that the hacker who exploited the WazirX wallet for over $230 million (roughly Rs. 1,900 crore) is using the controversial Tornado Cash platform to do so. The exchange said it is working with law enforcement agencies and the CERT-In to identify the hacker.

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  Nvidia's Forecast Dampens AI Enthusiasm in Other Tech Stocks

  Nvidia dropped almost seven percent and lost $200 billion (roughly Rs.16,77,898 crore) in stock market value after it forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line. A handful of other AI-related companies shed around $100 billion (roughly Rs. 8,38,948 crore) in combined value. 

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  Google Antitrust Ruling Could Put $20 Billion at Risk for Apple: Report

  A US judge has recently ruled that Alphabet-owned Google was operating an illegal monopoly in the web search sector. Google pays Apple $20 billion (roughly Rs. 1,67,890 crore) annually, or about 36 percent of what it earns from search advertising made through the Safari browser. If the deal is undone, Apple could take a 4-6 percent hit to its prof...

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  Microsoft's Xbox Unit Logs 61 Percent Growth, Fuelled by Purchase of Activision-Blizzard

  Microsoft has managed to see a substantial growth in its Xbox unit, while having logged losses in Azure, which has been the software firm's main growth engine in recent years. In the fourth quarter, which ended June 30, capital expenditures for Microsoft jumped to $19 billion (roughly Rs. 1,59,091 crore) from $14 billion (roughly Rs. 1,17,225 cror...

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  WazirX Offers $23 Million to Hacker to Return Stolen Funds, Users Remain Concerned

  WazirX hatched a bounty programme worth $23 million, hoping to recover the stolen funds worth over $230 million (roughly Rs. 1,924 crore) either from third parties, or from the hacker behind the breach.

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  WazirX Hack Aftermath: North Korean Hackers Suspected of Stealing Funds From Indian Crypto Exchange

  WazirX was recently hit with a data breach and lost funds worth $230 million (roughly Rs. 1,924 crore) to hackers. Executives from India's crypto sector have identified reasons to believe that this sophisticated hack attack could have been initiated by North Korean hackers, possibly associated with the notorious Lazarus Group.

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  WazirX Data Breach: Rivals Assure Investors About Fund Safety After Crypto Firm Suffers Alleged Data Breach

  WazirX data breach has been acknowledged by the crypto exchange, which is investigating the alleged hack. India’s crypto investors have expressed apprehensions after the WazirX breach, as funds worth $234.9 million (roughly Rs. 1,965 crore) are at stake. In their posts, leaders of Indian crypto exchanges including CoinDCX, Giottus, and CoinSwitch...