47% of Indians to surpass Rs 10,000 in festive spending this year: ShareChat & Moj festive report

This year, the platforms said home improvement has made a strong entry into the top three product categories that Indians are likely to spend on while clothing and mobile phones continue to dominate the purchase categories.

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Caltech ends high-stakes US patent fight with Apple and Broadcom

Pasadena, California-based Caltech sued Apple and Broadcom in 2016, alleging that millions of iPhones, iPads, Apple Watches and other Apple devices using Broadcom chips infringed its wireless-communication patents.

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Fintech startup Jiraaf raises $8.7 million in funding led by Accel, Harmony Partners

“We will be using this money to mainly build our team, improve customer service across categories of business and also for originating more customers,” said cofounder Saurav Ghosh.

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Internet companies Google, Amazon and Cloudflare report biggest-ever denial of service operation

Denial of service is among the web's most basic form of attack and it works by simply overwhelming targeted servers with a firehose of bogus requests for data, making it impossible for legitimate web traffic to get through.

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Karnataka’s new procurement policy aims to give slice of government business to startups

The government has not decided on the share of procurement that should go to startups, but it’s speculated that the figure may be set at 5%.

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Rule curbing AI chip exports to China under final review

The regulation on controls on high-end chips, advanced computing integrated circuits (ICs), and supercomputing was received for review on Oct. 10, according to the Office of Management and Budget website.

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OECD publishes treaty that would replace national digital taxes

The release of the text puts pressure on the United States in particular, where a two-thirds majority in the deeply divided Senate is needed to ratify treaties. The document is the first pillar of a two pillar overhaul of rules for the cross-border taxation of multinational companies, which was agreed in 2021 by nearly 140 countries but whose implementation is proving slow and complicated.

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