Education on technology

Chinese smartphone maker Xiaomi  reported a 4 percent revenue drop in the second quarter, tracking a shrinkage in China's handset market, but said its move into making electric vehicles was running ahead of schedule. Sales dropped to CNY 67.4 billion (nearly Rs. 76,450 crore) from CNY 70.17 billion (nearly Rs. 80,650 crore) in the same quarter a year earlier, but beating analysts' estimates of CNY 65.13 billion (nearly Rs. 74,860 crore). Net income rose to CNY 5.14 billion (nearly Rs. 5,830 crore) over the period, an increase of 147 percent from CNY 2.08 billion (nearly Rs. 2,390 crore) a year earlier, also beating expectations. The company put the increase down to cost cutting and efficiency improvements, particularly in its physical stores. "Despite the macroeconomic headwinds in the global market we continue to expand our footprint," Xiaomi President Lu Weibing said on an earnings call.  "Several of our peers already exited from certain areas in this chal...

iPhone 15 series has now got an official launch date as the California-based tech giant has announced its upcoming Apple 'Wonderlust' Event. The event is all set to be take place on September 12, and will be live streamed online. The company is expected to release a number of products at the fall launch event, including the iPhone 15 series, Apple Watch Series 9, Apple Watch Ultra 2, along with the announcement for iOS 17 and watchOS 10 launch date. However, the company has not revealed the products that will launch on the Apple Event.  Apple has officially sent out invites for the fall launch event, named 'Wonderlust'. The event will take place at Apple Park on September 12, starting at 10 AM PT (10.30 PM IST). The launch will be live streamed online on apple.com  and the Apple TV app.  The upcoming launch event will witness the launch of the iPhone 15 series, which will include iPhone 15, iPhone 15 Plus, iPhone 15 Pro and iPhone 15 Pro Max. There have already bee...

Mukesh Ambani, one of the world's richest men settled in India's financial capital, is prepared to explore the Web3 arena. The 66-year-old Indian billionaire disclosed his Web3-related plans during the 46th annual general meeting of Reliance Industries (RIL) that was held on Monday. While the Reliance chief aims to keep a distance from highly volatile crypto assets for now, he does plan to explore the fields of blockchain and centralised digital currencies — including the eRupee CBDC — which is currently in advanced trials in India. Ambani's Jio Financial Services (JFS) will be the brand's point of entry into the Web3 sector. JFS is the financial investment arm of Reliance Industries that was initially named Reliance Strategic Investments and was rebranded in July this year. Through JFS, RIL will offer management services for digital assets. As part of its plan, JFS has already struck a partnership with BlackRock, which is among world's largest investment services ...