FY24 is turning out to be the best year in terms of earnings for oil marketing companies despite the upcoming general elections. “We raise our earnings estimates by 8-50 per cent for FY24-26, with BPCL seeing the highest upgrade followed by HPCL and IOCL. Under this scenario, FY24/FY25 dividend yield would be 9-12 per cent / 5-7 per cent; although post the election season, we believe the outlook would improve,” Emkay Global Financial Services said in a report.

Automotive technology company Valeo has sued graphics chip giant Nvidia after a video call screen-sharing between the two companies showed 'stolen' data from Valeo, accusing Nvidia of having saved hundreds of millions of dollars from those “stolen trade secrets”. According to a lawsuit filed against Nvidia, the company’s senior staff member Mohammad Moniruzzaman made this error while giving an online presentation to a team from his former employer Valeo.

Cipla shares were down by more than 7 per cent on Thursday after the US FDA issued a warning letter pertaining to its Pithampur manufacturing facility. Cipla shares were trading at Rs 1,172, down 7.8 per cent. Cipla said it has received a warning letter dated November 17 from US Food and Drug Administration (FDA) for the routine current Good Manufacturing Practices (cGMP) inspection conducted at our Pithampur manufacturing facility between February 6-17, 2023.

Microsoft now lets Windows 10 users try out the AI-powered Copilot feature, which was previously only available in Windows 11. To use the feature, users with eligible devices will need to install a Release Preview build that includes access to the AI-powered Copilot. Users will need to be enrolled in the Windows Insider tester programme to install the preview build and potentially try out Copilot on Windows 10 Home or Pro.

Facebook allegedly approved several ads calling for violence against Palestinians, some even calling for the murder of Palestinian civilians and activists, a report has claimed. According to materials shared with The Intercept, the ads, in both Hebrew and Arabic, included violations of policies for Facebook and its parent company Meta.

Hyundai Motor Group's autonomous vehicle joint venture in the US plans to manufacture its self-driving electric vehicles in the group's newly launched innovation hub in Singapore, the company said on Wednesday. Motional, the joint venture established between Hyundai and U.S. mobility startup Aptiv in 2020, will produce its all-electric Ioniq 5 robotaxi units at the Hyundai Motor Group Innovation Center Singapore.

Digital transformation solutions company UST on Wednesday opened a new office here, saying it will double the headcount from 2,000 to 4,000 in the city in the next 2-3 years. The 1,18,000-square-feet facility, with the provision of more expansion in the future, will accommodate over 2,000 UST employees and act as a centre for innovative research and development in emerging technologies such as Artificial Intelligence (AI), Machine Learning (ML) and IoT.

As Elon Musk gears up to deliver first Cybertrucks to customers, a new report has claimed that workers at Tesla’s Texas gigafactory report explosions, concussions and grisly robot injuries. The Information reports that worker injuries and safety lapses are common at Tesla's giant Texas factory, where the Cybertruck is being built.

Binance Founder Changpeng Zhao (also known as CZ) on Wednesday announced that he will step down as the CEO of the world's largest cryptocurrency exchange, after pleading guilty to federal charges and agreeing to pay $4.3 billion in fines. Binance Holdings Limited (Binance), the entity that operates the world’s largest cryptocurrency exchange, Binance.com, pleaded guilty and has agreed to pay over $4 billion to resolve the US Justice Department’s investigation into violations.

Tata Power on Tuesday announced the activation of its electric vehicle (EV) charging infrastructure along the Chandigarh-Shimla highway, covering a total distance of 111 kms on the popular route. The strategically positioned EZ Charge stations at Hotel Falcon Crest on Chandigarh-Shimla Highway around Kandaghat and The Oberoi Cecil, Chaura Maidan Road near Shimla, enhance the feasibility of EV travel on the route, the company said.