Nov 08, 2024 05:18 PM IST Swiggy and Zomato are reportedly in breach of competition laws, favouring certain restaurants in the country, says a CCI report. The Competition Commission of India (CCI) said in its non-public documents that food delivery giants Swiggy and Zomato are in breach of the antitrust and competition laws of India,…
Nov 08, 2024 05:48 PM IST Zoho CEO Sridhar Vembu condemned Freshworks for its recent layoffs, accusing it of prioritising shareholder interests over employee welfare. In a veiled dig at Chennai-based Freshworks, Zoho founder Sridhar Vembu slammed the company for its “naked greed” after it laid off 660 people in shock layoffs, a day after…
Nov 08, 2024 06:33 AM IST Bill Gates took to Instagram, X, and Threads to share his congratulatory message for Donald Trump and JD Vance. Big names in the tech industry rushed to congratulate Donald Trump on his victory in the US presidential election over Kamala Harris. Bill Gates is the latest tech mogul to…
Air India has been on an expansion spree ever since the airline’s ownership shifted from the government to the Tata Group. Air India planes at the Delhi airport.(PTI file photo) The airline recently deployed its A350s to North America with daily service to New York. This along with flights to London Heathrow on the A350s,…
Donald Trump is set to reclaim the White House after securing the mandate on Wednesday. Trump, in an unexpected political comeback, defeated rival Kamala Harris in the US presidential election, leading to the stock markets across the world rallying, and bitcoin hitting a record high. Donald Trump won the popular vote in the US election…
The Indian stock market rallied after the US election result showed a victory for Republican candidate and former President Donald Trump. Former US President Donald Trump, left, and former US First Lady Melania Trump during an election night event at the Palm Beach Convention Center in West Palm Beach, Florida, US, on Wednesday, Nov. 6,…
In a first for Indian television, two power couples from the world of technology, business and philanthropy will appear on The Great Indian Kapil Show this weekend. The upcoming episode will feature NR Narayana Murthy, Sudha Murty, Zomato co-founder Deepinder Goyal and wife Grecia Munoz (Gia Goyal). Deepinder Goyal, Grecia Munoz (L) and Narayana Murthy,…
Leena Nair, the first Indian-origin CEO of French luxury brand Chanel, recently took the stage at Stanford University’s Graduate School of Business. In a conversation, the British-Indian executive opened up about her personal journey, leadership philosophy and the values that shape her approach to business. Chanel CEO Leena Nair shared her thoughts on compassionate leadership.(YouTube/@stanfordgsb)…
The Reserve Bank of India (RBI) has invited applications for the post of Deputy Governor through an official advertisement dated Monday, November 4, 2024. The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016.(Danish Siddiqui/Reuters) This is because current Deputy Governor Michael Patra’s…
NEW DELHI: State-run Government e-Marketplace (GeM), one of the world’s largest e-commerce platforms for public procurement, on Monday said it has started offering 8,000 varieties of seeds that can be bought from central and state public sector undertakings on the platform. These seeds can be procured by central/state public sector units and other bodies for…
The Amazon Great Indian Festival (AGIF) 2024 saw a strong demand for premium products across various categories, with top-selling items in TVs, smartphones, large appliances, and fashion, according to Amazon India vice president Saurabh Srivastava. Amazon Great Indian Festival 2024 sees surge in demand for premium products. He pointed towards the trend of “premiumisation,” with…
Amazon founder Jeff Bezos has sold over $3 billion in Amazon shares, according to a regulatory filing disclosed on Friday. This brings his total Amazon stock sales for 2024 to more than $13 billion. Amazon founder Jeff Bezos (Bloomberg) Bezos sold more than 16 million shares as Amazon’s stock again approached $200 per share, reaching…
Elon Musk faces a legal setback in his attempt to avoid severance payments to Twitter’s former top executives, fired during his 2022 takeover of the company. On Friday, a judge ruled that former CEO Parag Agrawal, along with other top executives, can proceed with their claims that Elon Musk terminated them right as the deal…
Google India posted a 6.1 per cent rise in net profit for the fiscal year ending March 2024, reaching ₹1,424.9 crore, up from ₹1,342.5 crore the previous year. Audience members gather at Made By Google for new product announcements at Google on Aug. 13, 2024, in Mountain View, Calif. (AP) The company’s total income stood…
Maruti Suzuki India Ltd announced on Friday it sold 2,06,434 units in October 2024, the highest number of cars it has sold in a one-month period. Corporate office of Maruti Suzuki India Limited is pictured in New Delhi, India.(Reuters) In comparison, the automaker had sold 199,217 cars in October 2023, according to its statement. This…
Muhurat Trading 2024 LIVE updates: Muhurat trading is a special one-hour trading session which takes place during an auspicious time on Laxmi Puja during Diwali Summary Muhurat Trading 2024 LIVE updates: The Muhurat Trading session is scheduled between 6 pm and 7 pm today on November 1, 2024 and it marks the commencement of the…
A businessman from Punjab named Gurdip Dev Bath gifted a Rolex watch worth a staggering ₹1 crore to his contractor Rajinder Singh Roopra for his work on Bath’s 9-acre property resembling a traditional Rajasthani fort, according to an NDTV report. The contractor’s commitment to “quality, speed of delivery, and meticulous attention” made the businessman perform…
Oct 31, 2024 05:21 PM IST Popularly known as TPG, he is the father-in-law of BJP leader and former Union Minister Rajeev Chandrasekhar. Indian electronic company BPL Group founder T P Gopalan Nambiar, died on Thursday, family sources said. TPG Nambiar had founded the popular Indian electronics company BPL. Nambiar, 94, was not keeping well…
It is the third day of the week, and another set of important Mac-centric announcements from Apple. The MacBook Pro in 14-inch and 16-inch models get the M4 chips. In case you noticed how I mentioned “M4 chips”, you are right. The M4 chip family now gets extended, with the M4 Pro and M4 Max…
Oct 30, 2024 05:12 PM IST Car sales around Diwali has fallen so low this year that dealers are staring at an all-time high inventory of 80-85 days which adds up to 7.90 lakh vehicles. Car sales around Diwali has fallen so low this year that dealers are staring at an all-time high inventory of…
Zhang Yiming, founder of TikTok owner ByteDance, is the wealthiest person in China with a personal fortune of close to $50 billion, according to the annual Hurun China Rich List. Zhang Yiming, founder of ByteDance attends the opening ceremony of the 5th World Internet Conference in Wuzhen in east China’s Zhejiang province on Nov. 7,…
The Central Board of Direct Taxes (CBDT) notified the tolerance range for assessment year (AY) 2024-25, which will provide certainty to taxpayers and reduce the risk perception associated with pricing of a transaction in transfer pricing, a finance ministry statement said on Tuesday. The tolerance ranges shall be 1% for transactions in the nature of…
BigBasket, a Tata Enterprise, has announced a partnership with Tanishq to provide customers with exclusive gold and silver coins just in time for Dhanteras. With this collaboration, consumers can now purchase Tanishq’s Lakshmi Ganesh (999.9 Purity) Silver Coin (10 g), a Tanishq 22 Karat Gold Coin (1 g), and a Tanishq 22 Karat Gold Coin…
Union commerce and industry minister Piyush Goyal will visit Saudi Arabia on Tuesday to further deepen bilateral strategic partnership and explore new avenues of trade, investment, and economic cooperation, an official statement from the ministry said on Monday. Commerce and industry minister Piyush Goyal. (AP Photo) Goyal’s two-day visit is significant because oil-rich Saudi Arabia…
(Bloomberg Opinion) – Masayoshi Son is man of extremes. His $20 million bet on Alibaba Group Holding Ltd. became the most successful of all time when it swelled to more than $70 billion after a decade. He also lost $70 billion of his net worth in the dotcom crash, but then managed to raise one…
Oct 27, 2024 02:34 PM IST Donald Trump claimed Sundar Pichai praised his McDonald’s visit after earlier alleging Google obscured search results about him US Republican presidential candidate Donald Trump claimed that Google CEO Sundar Pichai called him up to compliment his recent McDonald’s visit. “I did McDonald’s last week and I actually got a…
ICICI Bank Q2 results: ICICI Bank Ltd, India’s second-largest private sector lender has announced its second quarter financial results for the financial year 2024-25 on Saturday, October 26, 2024. A bird flies past the facade of the ICICI bank head office in Mumbai, India, April 21, 2023.(Reuters) Also Read: Germany increases visa quota for skilled…
New Delhi Imagine your electric vehicle’s charge running low. The vehicle’s on-board infotainment system repository locates a nearby charging station and navigates you there for a quick top-up. While this perfect world for electric cars, two-wheelers and commercial vehicles seems within reach, a new threat looms: compromised charging infrastructure software that could abort charging sessions….
Facebook owner Meta has signed a multi-year agreement with Reuters to provide real-time answers to user questions about news and current events through its Meta AI chatbot, reported Axios. This is Meta’s first news partnership in the AI era. Meta partners with Reuters for real-time news via AI chatbot.(REUTERS) ALSO READ- Nvidia overtakes Apple to…
A major scam targeting air travellers in India has come to light, with over 450 passengers losing more than ₹9 lakhs (around $11,000) through a fraudulent Android app called “Lounge Pass.” The app posed as a service to provide airport lounge access but instead stole users’ money. Authorities warn that this scam may be larger…
Elon Musk, the world’s richest person, on Thursday added $21 billion to his net worth as Tesla’s stock witnessed a spike of 19 per cent on Wall Street. The electric vehicle company’s latest earnings report sparked a major rally. Tesla CEO and X owner Elon Musk(Reuters) Tesla’s share price spiked more than 19% by 11:30…
Oct 24, 2024 03:25 PM IST Reliance Industries Chairman Mukesh Ambani praised Meta founder and CEO Mark Zuckerberg while speaking to Nvidia CEO Jensen Huang at the Nvidia AI Summit Reliance Industries Chairman Mukesh Ambani praised Meta founder and CEO Mark Zuckerberg for making the Llama language open source. Chairman and Managing Director of Reliance…
Oct 23, 2024 08:44 PM IST This ‘Make in India’ initiative represents a new chapter in India’s aerospace sector, a state government release said Ahmedabad: Prime Minister Narendra Modi and the Prime Minister of Spain, Pedro Sánchez, will jointly inaugurate the final assembly line of the Tata Advanced Systems Ltd’s (TASL) C-295 aircraft facility in…
Oct 23, 2024 03:34 PM IST Amazon Web Services CEO Matt Garman said return-to-office is better because “innovation” and “speed of execution” becomes better when teams work in person Amazon Web Services CEO Matt Garman said the company’s return-to-office mandate for five days a week starting in January is the right decision because “innovation” and…
Gold and silver rates today: Gold rate increased on Tuesday. The rate of 24 carat gold is ₹7982.3 per gm, up by ₹240.0. The rate of 22 carat gold is ₹7318.3 per gm, up by ₹240.0. Gold silver image 24 carat gold’s rate has changed in the last one week by -2.55%, whereas in the…
Oct 21, 2024 03:10 PM IST US consumers are planning shorter winter holiday trips due to ongoing inflation. Survey shows 86% of households earning under $100,000 will alter their plan. US consumers are planning shorter winter holiday trips and booking cheaper accommodations in a sign of how years of inflation continue to hammer family budgets….
The National Stock Exchanges (NSE) has announced Diwali Muhurat Trading to be held on November 1, marking the commencement of the Hindu Calendar year Samvat 2081. Stock markets will be closed for normal trading on Diwali, but NSE will hold a one-hour Muhurat Trading session, with trade modifications ending at 7:10 pm.(Reuters) This year Diwali,…
Corrugated Metal Fence Panels Durable When you’re looking to add a semi-privacy fence to your home, corrugated metal is an affordable, durable option. The rigid sheets are easy to customize with paint, and they’re versatile enough for a variety of aesthetics. You can blend it in with your home’s exterior design or use it as…
Millions of people in Cuba were left without electricity for two days after the nation’s energy grid went down when one of the island’s major power plants failed. The widespread blackout that swept across the county was the worst in years. People walk using lights from a car during the second day of the nationwide…
Gold and silver rates today: The price of 24 carat gold has risen, currently set at ₹7959.3 per gram, marking an increase of ₹430.0. The rate for 22 carat gold is ₹7295.3 per gram, an increase of ₹370.0. Gold silver image Over the past week, the price of 24 carat gold has experienced a decline…
Sam Altman, the co-founder of OpenAI called its partnership with Microsoft, “the best bromance in tech,” but this is at risk now as Microsoft tries more and more to hedge its bets, according to a New York Times report. Kevin Scott, executive vice president of AI and chief technology officer of Microsoft Corp., right, and…
Meta Platforms must face a lawsuit by Massachusetts alleging the social media company purposely deployed features on its Instagram platform to addict young users and deceived the public about the dangers it posed to the mental health of teenagers, a judge ruled. The ruling came after a federal judge in California on Tuesday rejected a…
Ashneer Grover, the co-founder and former managing director of BharatPe has now withdrawn his plea from the National Company Law Tribunal (NCLT), in which he had alleged oppressive conduct and mismanagement by the firm’s board, according to an Economic Times report. Ashneer Grover, the co-founder and former managing director of BharatPe has now withdrawn his…
Oct 18, 2024 09:02 AM IST Gold hit a record $2,698.50 as investors sought safety due to escalating Middle East conflicts, despite mixed US economic data. Gold reached a record high as escalating Middle East conflicts saw investors flock to safety, even as mixed data on the US economy dashed hopes for large rate cuts…
Oct 17, 2024 09:20 PM IST The Co-Host Network allows users to hire vetted co-hosts directly through the Airbnb app. Airbnb has announced the launch of its Co-Host Network, a new feature designed to help homeowners more easily manage their properties on the platform by connecting them with experienced local co-hosts. The initiative comes alongside…
Oct 17, 2024 08:26 AM IST Bitcoin bulls are optimistic about reclaiming record highs as global liquidity rises and US elections approach. Bitcoin bulls are setting their sights again on the record highs reached in March with optimism building around riskier assets and the looming US elections. US Vice President Kamala Harris at the White…
The Zomato-owned quick commerce platform Blinkit has now introduced a new feature, allowing customers to return and exchange clothing and footwear within 10 minutes in select cities across India, to address issues regarding size and fit. Blinkit’s Chief Executive Officer (CEO) Albinder Dhindsa announced the feature in a post on his X (Formerly Twitter) handle….
Business News LIVE Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on October 16, 2024: Samsung Electronics’ month-long strike in southern India has concluded as workers agreed to welfare measures. Tamil Nadu’s industry minister confirmed the resumption of work, while Samsung India reassured…
Oct 15, 2024 02:08 PM IST The State Bank of India has reduced its one MCLR tenure interest rate by 25 basis points, effective October 15. The State Bank of India (SBI) announced its latest marginal cost of funds-based lending rate (MCLR) on loans. With this, SBI has reduced the interest rate of one MCLR…
Oct 15, 2024 09:08 AM IST Facebook and Instagram were mostly restored after a US outage affecting thousands. Peak reports reached over 12,000 for Facebook and 5,000 for Instagram. Meta Platforms’ Facebook and Instagram were largely restored for most users after an outage that impacted thousands in the U.S. on Monday, according to outage tracking…
Oct 14, 2024 08:34 PM IST Former corporate lobbyist Niira Radia revealed that she remained ‘good friends’ with Ratan Tata. Niira Radia, the former corporate lobbyist whose leaked telephone calls with politicians, journalists and business tycoons brought the 2G spectrum scam to light nearly 15 years ago, said she remained in touch with industrialist and…
Business News LIVE Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on October 14, 2024: Goldman Sachs cautions that despite the growth forecast upgrades, China’s long-term structural issues, including demographics and debt, remain unchanged and will continue to pose challenges beyond 2026. Business…
The average prices of airline tickets have fallen 20-25% this Diwali season compared to prices a year back, according to a PTI report which cited an Ixigo analysis and added that this is because of increased passenger-carrying capacity and a recent fall in oil prices. The average prices of airline tickets have fallen 20-25% this…
Oct 12, 2024 04:18 PM IST Google with more than 179,000 employees remains one of the most sought-after places to work, with Sundar Pichai revealing 90% of people offered a role accept it Sundar Pichai, the CEO of Google’s parent company Alphabet, recently talked about what it takes to join the search engine giant’s 179,000-strong…
Chandan Raj, the founder and CEO of Bihar’s first semiconductor company called Suresh Chips and Semiconductor Pvt Ltd wrote in a post on X (Formerly Twitter) that it was the “worst decision” of his life to start a company in Bihar. Chandan Raj set up Suresh Chips and Semiconductor in Muzaffarpur, Bihar, in December 2020.(SChipSemi/Facebook)…
Tesla’s highly anticipated “We, Robot” event has finally concluded and the highlight of the event has been the Cybercab – a fully autonomous vehicle featuring no pedals and no steering wheel. With the electric car market having witnessed a slowdown both globally and in the US markets, Tesla is banking on its advancements in the…
The European Union’s (EU) deforestation regulation and carbon tax are unfair and would impact Indian industries, Commerce and Industry Minister Piyush Goyal said on Friday. The European Union’s (EU) deforestation regulation and carbon tax are unfair and would impact Indian industries, Commerce and Industry Minister Piyush Goyal said on Friday.(PTI) He also said the EU’s…
The Internet Archive, an online repository of web pages, was offline Thursday after its founder confirmed a major cyberattack that exposed the data of millions of users and left the site defaced. The Internet Archive suffered a significant cyberattack, compromising 31 million user accounts. A pro-Palestinian hacker group claimed responsibility, raising concerns about cybersecurity ahead…
Oct 10, 2024 07:17 PM IST Elon Musk is set to reveal the new Tesla Robotaxi, a Level 5 autonomous vehicle, part of his “cybercab” vision to compete with companies like Waymo Elon Musk will be unveiling Tesla’s new Robotaxi, a fully autonomous vehicle which has been in the making for nearly a decade. Tesla…
Oct 10, 2024 01:53 AM IST Ratan Tata, who ran the conglomerate Tata Sons for over twenty years, died at the age of 86. His demise has left India heartbroken. Ratan Tata, one of India’s most beloved industrialists and philanthropists, died at 86. Chairman of Tata Sons N Chandrasekaran shared a statement confirming the business…
Banks across India will be closed on varying days depending on the state due to the occasion of Dussehra, also known as Vijaya Dashami, Dasara, or Dashain, an important Hindu festival which gets a designated public holiday country-wide. Banks across India will be closed on varying days depending on the state due to the occasion…
RBI MPC Live Updates: What will Shaktikanta Das say on RBI’s policy stance? Stay tuned to our RBI policy live blog for the latest updates. RBI MPC Live Updates: Reserve Bank of India (RBI) Governor Shaktikanta Das delivers the Monetary Policy Statement, in Mumbai. RBI MPC LIVE Updates: The Reserve Bank of India (RBI)’s fourth…
“You can think of this as a nutrition label for digital content, just the way people should be able to look at a package of food, see what’s in it and make up their own minds about whether it’s a purchaser or not. We feel the same as through add digital content” — this is…
The inauguration of a new runaway in the Maldives built under an airport redevelopment project assisted by India and the official launch of the RuPay card in the island nation on Monday are aimed at boosting economic ties and tourism cooperation between the two countries. Maldives’ President Mohamed Muizzu shakes hands with Prime Minister Narendra…
Oct 07, 2024 04:47 PM IST A video showed Zomato CEO Deepinder Goyal being denied entry to Ambience Mall in Gurgaon while he delivered food. Now, its owner has responded to the video. A day after Deepinder Goyal shared a video where he was stopped from entering a Gurgaon mall while delivering food as a…
파트타임 직업은 무엇이 있나요 일반적인 정규직은 주당 약 40시간이 필요한데, 어떤 사람들에게는 너무 과도할 수 있습니다. 이것이 많은 여성이 파트타임 일자리를 선택하는 이유입니다. 파트타임 일자리는 직장과 가정 생활의 균형을 맞추는 데 도움이 되고, 직장에서의 경험을 제공하거나, 가족을 위해 추가 수입을 제공할 수 있습니다. 파트타임 일자리는 또한 유연성을 제공하며, 집에서 또는 하루 중 다른 시간에 일할…
Ola founder and CEO Bhavish Aggarwal engaged in a verbal spat with comedian Kunal Kamra on X (Formerly Twitter) regarding the service situation of Ola Electric’s S1 series of EV scooters. Bhavish Aggarwal, CEO of Ola Cabs and founder of Ola Electric attends Ola Electric’s listing ceremony at the National Stock Exchange (NSE) in Mumbai.(Reuters)…
Oct 06, 2024 03:59 PM IST The fraudsters use WhatsApp to send fake forms to the pensioners and then claim that unless those forms are filled, their pension payments will get stopped Pensioners in India are increasingly being targeted by fraudsters who claim to be from the Central Pension Accounting Office (CPAO) in New Delhi,…
Oct 05, 2024 09:01 PM IST Harsh Goenka took to X to share the top three lessons for success he learnt from his interactions with Mukesh Ambani, India’s wealthiest person Harsh Goenka, the billionaire chairman of RPG Enterprises recently took to X (Formerly Twitter), expressing his admiration and showing the top three things he learnt…
Google’s AI podcasting tool called Audio Overview could become a surprisingly viral hit, according to an MIT Technology Review report. Google’s AI podcasting tool called Audio Overview was launched in this year’s mid-September as a part of NotebookLM, a one year-old AI-powered research assistant, powered by the Google Gemini 1.5 AI model.(Representational Image/Unsplash) The tool…
Oct 04, 2024 08:59 PM IST EaseMyTrip resumes Maldives bookings as bilateral ties improve between both the governments and with President Muizzu scheduled to visit India next week EaseMyTrip has resumed bookings to the Maldives on October 04, 2024 after it was halted since January this year due to the India-Maldives diplomatic row, Moneycontrol reported….
Oct 04, 2024 05:04 PM IST Austrian privacy activist Max Schrems claimed Facebook peppered him with targeted ads after he disclosed his sexual orientation at a public panel Meta Platforms Inc.’s Facebook shouldn’t exploit public information on a users’ sexual orientation for targeted advertising, the bloc’s top court has ruled. A logo of US tech…
GANDHINAGAR: Credit rating agency CareEdge on Thursday launched a report on sovereign ratings of global economies for 39 countries, the first agency in the country to enter the global ratings space through its subsidiary, CareEdge Global IFSC Ltd, the company said in a statement. Sanjeev Sanyal said this was the first time that an Indian…
Oct 03, 2024 05:49 PM IST The Adani Group’s hybrid solar-wind project which will power Google’s cloud services is expected to start commercial operations in the third quarter of 2025 The Adani Group will be supplying clean energy to Google from a new solar-wind hybrid project at its renewable energy plant in Khavda, Gujarat, the…
Business News highlights Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on October 2, 2024: The RBI finally launched the Mahatma Gandhi Series in 1996, etching his face permanently on all Indian currency notes since. Business News highlights Today: Follow for stories on Bill…
Anjali Merchant Majithia, sister of Radhika Merchant, captured the internet’s attention during the grand Ambani pre-wedding and wedding celebrations with her elegant fashion choices as she stood by the bride. The 30-something recently said that getting into her family’s pharmaceutical business was not difficult for her as she had grown up in that environment. Anjali…
Business News LIVE Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on October 2, 2024: Israeli police and border police take cover during sirens, after Iran fired a salvo of ballistic missiles at Israel, and near the site of a fatal shooting attack…
Oct 01, 2024 03:50 PM IST Elon Musk’s X, formerly Twitter, is now valued at $9.4 billion, just 25% of the $44 billion he paid. Fidelity’s holdings in X have dropped to $5.5 million. Elon Musk bought X when it was called Twitter but what must worry him is that the social media platform’s value…
Sep 30, 2024 10:03 PM IST Sebi launched the Mutual Funds Lite framework for passive funds, easing regulatory requirements to attract more entities into the mutual fund market. The Securities and Exchange Board of India (Sebi) held its board meeting today (September 30)- the first since US short seller Hindenburg Research raised allegations against Chairperson…
₹4.36 lakh crore- 27% of full-year target§ion=Business&subSection=&impression=true” width=”100%” height=”0px” style=”display:block” frameborder=”0″ scrolling=”no”> Sep 30, 2024 04:27 PM IST India’s fiscal deficit for April-August reached 4.35 trillion rupees, accounting for 27% of the annual estimate. India’s fiscal deficit for April-August was 4.35 trillion rupees ($51.93 billion), or 27% of the estimate for the financial year, government…
Tesla has been visiting the homes of as many as 30 German employees who called in sick, according to a report from the Telegraph, which added that the EV maker even defending such visits, citing Elon Musk’s investigation into the high rates of absenteeism within the company. The manager of Tesla’s gigafactory, André Thierig, said…
Sep 29, 2024 04:19 PM IST A public benefit Corp is a corporate structure under Delaware law which allows a for-profit entity to also commit to pursuing goals of bettering society OpenAI’s managers are weighing on turning the AI giant into a public benefit Corp (PBC) in contrast to the nonprofit entity it is currently,…
The Anil Ambani-led Reliance Power Ltd. is considering to raise funds again, after a previous preferential issue, according to the company’s exchange filing on Friday, September 27, 2024. In this Dec. 26, 2017 file photo, Anil Ambani, Chairman of Reliance Power, addresses a press conference in Mumbai.(PTI) The company may raise funds this time through…
Sep 28, 2024 04:24 PM IST Nvidia’s Jensen Huang promoted nuclear power use as in some parts of the world, electricity generation is insufficient to support building new data centers Nvidia Corp. Chief Executive Officer Jensen Huang, who helped create the technology at the heart of the explosion in artificial intelligence computing, said nuclear power…
NEW DELHI: India and Uzbekistan on Friday signed a Bilateral Investment Treaty (BIT) to assure appropriate protection to investors of the two countries. The treaty was signed by Indian finance minister Nirmala Sitharaman and Uzbekistan’s deputy prime minister Khodjayev Jamshid Abdukhakimovich at Tashkent (X/FinMinIndia) The treaty was signed by Indian finance minister Nirmala Sitharaman and…
Sep 27, 2024 04:07 PM IST Traqcheck uses artificial intelligence (AI) and machine learning (ML) for fast and comprehensive background checks for businesses to make hiring decisions Delhi-based enterprise hiring software startup TraqCheck has gotten a new round of funding from investors including Alok Oberoi, the former head of Goldman Sachs’ international wealth management business,…
Coldplay’s announcement of a Mumbai concert in January 2025 sent Indian fans into a frenzy. As tickets went on sale, eager fans flocked to online booking platforms, leading to a surge in demand. Many were disappointed after failing to secure a seat, with some trying to get tickets from those reselling them. Harsh Goenka has…
The PC market is undergoing a definitive transition, the kind not seen in a number of years. The generational change from Intel’s Pentium to Core “i” chips, comes to mind. As perhaps the period of uncertainty that defined Windows Vista and Windows 8, before the relative stability of Windows 10. Laptops, desktops and convertibles are…
Fintech company CRED’s head of design has been criticised online for his “morbid” advice to product designers, where he asked them to give their best work like “they were to die the next day.” CRED’s head of design harish Sivaramakrishnan said product designers work quickly not efficiently. (LinkedIn/@monapgandhi) A video showing Harish Sivaramakrishnan, who had…
Sep 25, 2024 03:40 PM IST HDFC Bank’s loyalty program for select credit cards will change on October 1. Redemption of reward points for Apple products will be limited to one per quarter. The loyalty program for certain credit cards at HDFC Bank has been modified and the new rules will come into effect on…
Sep 25, 2024 04:23 AM IST STARBUCKS-CEO/LABOR (PIX):Starbucks CEO Niccol says committed to “engage constructively” with workers union Sept 24 – Starbucks’ new CEO Brian Niccol said on a letter on Tuesday that he “deeply respects” the right of the coffee chain’s workers to choose to be represented by a union, and that he was…
Sep 24, 2024 03:30 PM IST OpenAI CEO Sam Altman predicts superintelligence may be achieved in a few thousand days, enhancing human capabilities and driving scientific breakthroughs. OpenAI CEO Sam Altman said that we may achieve superintelligence within just a few thousand days in a blog post titled ‘The Intelligence Age’. Talking about the time…
Sep 23, 2024 08:35 PM IST Nirmala Sitharaman will attend the ninth annual meeting of Board of Governors of AIIB, where she will attend as the Indian Governor to the AIIB NEW DELHI: Union finance minister Nirmala Sitharaman on Tuesday embarks on an official visit to Uzbekistan to attend the Asian Infrastructure Investment Bank’s (AIIB)…
Growth-oriented investors will get the best long term return in India, highlighted a report by Jefferies. Jefferies reports that Indian equities offer strong long-term returns for growth-focused investors, despite high valuations. Resilience to tax hikes and rising mutual fund assets, particularly through Systematic Investment Plans, underscore India’s potential as a promising market for long-term investments.(Reuters)…
Sep 22, 2024 04:59 PM IST Adani Airport Holdings said passengers at airports across the country experienced disruptions in lounge access, since Dreamfolks abruptly suspended services Adani Group’s subsidiary Adani Airport Holdings Ltd (AAHL) on Sunday said passengers at airports across the country have been experiencing disruptions in airport lounge access, owing to the abrupt…
The new iPhones no longer have a white sticker in the box. End of an era. Quite how will we overcome this setback, an unknown. Now on to the important matters at hand. This year’s iPhone 16 Pro and iPhone 16 Pro Max are still work in progress. Uncharacteristic of Apple with little choice dictated…
Google has monopolized the technology used to buy and sell online display ads by restricting or eliminating the choices of its customers — both website publishers and advertisers — the US Justice Department alleged at a federal antitrust trial. A sign is displayed on a Google building at their campus in Mountain View, California, on…
The cases where SEBI chairperson Madhabi Puri Buch recused herself due to potential conflict of interest is not “readily” available and collating them would “disproportionately divert” its resources, the securities market regulator said in an RTI response on Friday. Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch speaks during the Annual Capital…
Sep 20, 2024 07:50 PM IST Disney CFO Hugh Johnston said most of the media and entertainment company’s businesses would stop using Slack as a workplace collaboration tool later this year Walt Disney plans to transition away from its use of Slack as a companywide workplace collaboration system, after a hacking entity leaked online more…
The Economic Offences Wing (EOW) of Delhi Police arrested Deepak Gupta, a family member of BharatPe co-founder and former MD Ashneer Grover, over alleged misappropriation of company funds, CNBC-TV18 reported. BharatPe accused Ashneer Grover and his family members of allegedly siphoning funds using various fraudulent schemes between 2019 and 2021. Deepak Gupta, who is married…
The centre has launched a fast-track program at Delhi’s Indira Gandhi International Airport to reduce the airport’s immigration processing time to just a few seconds from thirty minutes earlier, NDTV reported, adding that there are plans to expand the programme to 20 other cities. The expanded Terminal-1 of Delhi’s Indira Gandhi International Airport(Arvind Yadav/HT) The…
Thailand’s new tourism minister, Sorawong Thienthong, has said that he is considering to restart the collection of the 300 baht ( ₹750) tourism tax, according to a Business Standard report, which added that this was kept on hold by the previous administration of Prime Minister Srettha Thavisin, despite being approved by the Thai cabinet in…
NEW DELHI: Union finance minister Nirmala Sitharaman on Wednesday said the old-age financial security scheme, National Pension System (NPS) is a “very attractive proposition” for private sector employees as their assets have grown at the compound annual growth rate of 43% as compared to 27% for government employees. Union finance minister Nirmala Sitharaman with a…
Sep 18, 2024 02:52 PM IST Southern Indian states surged ahead of northern states in general when it comes to GDP contribution as well as having higher-than-average per capita incomes Southern Indian states have surged ahead of northern states after liberalisation, in terms of contribution to India’s GDP as well as having higher-than-average per capita…
By Anna Peverieri and Alessandro Parodi EVs could reach 24% EU car market share by 2025, T Sept 17 – Battery-electric cars sold in the European Union are set to reach a total market share of between 20% and 24% by 2025, mostly because of cheaper selling prices, campaign group Transport & Environment said on…
-Universal Music Group said on Tuesday it expects annual core profit growth of more than 10% through to 2028 on higher subscription revenue, expanded partnerships and boosted by the superfans of its artists such as Taylor Swift, BTS and Drake. UMG, Taylor Swift’s music label, sees higher profit, helped by superfans The world’s biggest music…
كيف أبدأ التداول إن تعلم كيفية البدء في تداول الأسهم يمكن أن يكون وسيلة ممتازة لتنمية ثروتك بمرور الوقت. ومع ذلك، يجب أن يكون لديك خطة واضحة واستثمار ما يمكنك تحمل خسارته فقط. التداول هو المضاربة على ما إذا كان سعر السوق الأساسي سيرتفع أو ينخفض دون امتلاك الأصل. يمكنك تداول مئات الأسواق المالية، بما…
Sep 16, 2024 07:35 PM IST Oil rose following its first weekly gain in a month as traders weighed a drop in Libyan exports against signs that an economic slowdown in China is deepening. Oil rose following its first weekly gain in a month as traders weighed a drop in Libyan exports against signs that…
Bajaj Housing Finance Ltd.’s shares more than doubled in their trading debut after India’s biggest new listing of the year. Shares of the home-loan unit of India’s largest shadow lender climbed as much as 136% to 165 rupees versus an offer price of 70 rupees, set for the best ever first-day gains for IPOs that…
It may now become possible to make a single transaction up to ₹5 lakh using the Unified Payments Interface (UPI) for a few specific purposes, according to an Economic Times report which added that the limit per transaction is ₹1 lakh generally and for ones related to capital markets, collections, insurance, and foreign inward remittances,…
It is an unwritten rule. Annual, often even lesser timespan, smartphone upgrades tend to translate into heavier price tags. Be ready to pay more? Examples aplenty, in recent memory too. The Samsung Galaxy S24 Ultra launched at ₹1,29,999 onwards, compared with ₹1,24,999 for the Galaxy S23 Ultra, a year before. Another perspective with Google’s Pixel…
By Dawn Chmielewski Disney, DirecTV reach deal that restores programming to 11 million satellite TV subscribers Sept 14 – Walt Disney and DirecTV announced they have reached an agreement in principle on Saturday, restoring college football and other programming to the satellite TV provider’s more than 11 million subscribers. The deal affords satellite TV subscribers…
It has been clear for a while now that text to video as a method will be the next significant chapter for generative artificial intelligence (AI), and while still most are in limited access stage, the pace at which tools are adopting realism makes these developments intriguing. Earlier in the year, OpenAI gave the world…
Workers at Samsung Electronics’ southern India plant will remain on strike until their demands for better wages and working conditions are met, union leaders said, as output at the consumer appliances unit was disrupted for a third straight day. Security personnel stand guard at Samsung India’s plant in Sriperumbudur, near Chennai on September 11, 2024,…
Sep 13, 2024 02:03 PM IST China’s finance ministry imposed a six-month business suspension on PwC’s auditing unit in mainland China over the Evergrande auditing, Chinese state media said China’s finance ministry on Friday imposed a six-month business suspension on PwC’s auditing unit in mainland China over the auditing of Evergrande, Chinese state media said….
McDonald’s is extending its $5 value meal until December at most U.S. stores, a move that rivals are likely to follow. McDonald’s extends $5 deal through December to keep customers coming McDonald’s introduced the deal in June after a disappointing first quarter that saw fewer U.S. visits and lower spending per order, particularly from customers…
Sep 12, 2024 02:28 PM IST Mark Zuckerberg’s net worth surged by $51 billion this year, reaching $179 billion, making him the fourth richest person globally. Mark Zuckerberg could become the world’s richest people as the CEO of Meta Platforms — Facebook, Instagram, Threads, and WhatsApp’s parent company- saw a major surge in his net…
Sep 11, 2024 11:02 PM IST Business News highlights Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on September 11, 2024: Airbnb is also providing additional funds for Polaris to update their data capabilities to bolster their anti-human trafficking efforts. Business News highlights Today:…
Sep 11, 2024 02:43 PM IST The UK government will confirm a £500 million support package for Tata Steel’s Port Talbot plant, a key test of Labour’s industrial policy. The UK government is set to confirm a £500 million ($654 million) support package for Tata Steel’s plant in Port Talbot, one of the first major…
By Ernest Scheyder SLB launches lithium filtration system after Nevada tests HOUSTON – SLB on Tuesday said it will commercially launch its version of a direct lithium extraction system after years of tests in a Nevada desert and could be producing the electric vehicle battery metal for clients by 2027. The Houston-based oilfield services giant,…
Sep 10, 2024 01:45 PM IST Apple unveiled four new models: iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max, at its ‘It’s Glowtime’ event, while discontinuing older models. Apple introduced four new iPhone models- iPhone 16, iPhone 16 Plus, iPhone 16 Pro and iPhone 16 Pro Max- at the company’s…
Latest news on September 10, 2024: Tim Cook, chief executive officer of Apple Inc., during an event at Apple Park campus in Cupertino, California, US, on Monday, Sept. 9, 2024. Apple Inc. unveiled a new version of its smartwatch with a bigger screen and the ability to detect sleep apnea, part of an event Monday…
Sep 09, 2024 01:41 PM IST Ather Energy, competitor to Ola Electric, files for a ₹3,100 crore IPO Two-wheeler EV maker Ather Energy has filed for its Initial Public Offering (IPO) worth ₹3,100 crore, the company wrote in its draft red herring prospectus (DRHP) on Monday, September 9, 2024. Ather 450 e-scooter (Image used only…
China will fully open its manufacturing sector to foreign investments and is also allowing more room for overseas capital in its health sector, adding to efforts to revive the world’s second-largest economy. The Chinese flag flies outside a commercial building in Shenzhen, China, on Tuesday, July 2, 2024. (Raul Ariano/Bloomberg) Also Read: Jeff Bezos’ Project…
Adani Group has formed a subsidiary in China to carry out business of providing supply chain solutions and project management services, according to a regulatory filing. The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. (Amit Dave/reuters) Adani Enterprises, the…
Brazil’s ban of X amid a fight with Elon Musk over disinformation on his prized social-media site offers a cautionary message for other democracies trying to balance freedom of expression with the integrity of information ahead of elections. While governments worldwide are waging similar battles against fake news and hateful content on X, Europe and…
Sep 07, 2024 11:16 AM IST OnlyFans paid owner Leonid Radvinsky $472 million in dividends last fiscal year, bringing his takings from the site to more than $1 billion in three years. OnlyFans Ltd. paid owner Leonid Radvinsky $472 million in dividends last fiscal year, bringing his takings from the site to more than $1…
Sep 06, 2024 10:15 PM IST SpiceJet on Friday said it will convert about $97 million of its dues to the commercial aviation investment and servicing arm of Carlyle Group. India’s SpiceJet on Friday said it will convert about $97 million of its dues to the commercial aviation investment and servicing arm of Carlyle Group…
Benchmark equity indices declined in early trade on Friday tracking a weak trend in global markets and fresh foreign fund outflows. Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters) Falling for the third day running, the 30-share BSE…
Sep 05, 2024 09:20 PM IST The wealth of ultra-rich families will likely swell to $9.5 trillion by 2030, as family offices grow and morph to rival hedge funds The wealth of ultra-rich families will likely swell to $9.5 trillion by 2030, according to estimates from consultancy Deloitte, as family offices grow and morph to…
Sep 05, 2024 12:35 PM IST India’s demat accounts exceed 17 crore for the first time as 42.3 lakh new accounts were opened in August 2023. India’s total dematerialised- demat accounts – which hold shares and securities in electronic form – surpassed the 17 crore mark for the first time in August, as per latest…
Volkswagen AG defended plans to consider unprecedented factory closures in Germany, saying flagging car sales have left the company with about two plants too many. Demand in Europe hasn’t recovered since the pandemic (AFP) Demand in Europe hasn’t recovered since the pandemic, with industrywide auto deliveries in the region around 2 million short of its…
Sep 04, 2024 12:23 PM IST Nvidia CEO Jensen Huang’s net worth dropped $10 billion to $94.9 billion after decline in chip stocks and an antitrust probe by US Justice Department. Nvidia CEO Jensen Huang’s wealth plunged the most ever after a rout in chip stocks and a report that the US Justice Department sent…
Sep 03, 2024 03:47 PM IST IIM-Ahmedabad’s MBA for executives saw increased placements in healthcare, pharmaceuticals, and energy sectors. Graduates of IIM-Ahmedabad’s one-year MBA programme for executives (PGPX) faced challenges this year as the highest maximum earning potential (MEP), offered at ₹54.8 lakh per annum, was at a six-year low. The highest-ever MEP of ₹1.08…
Sep 03, 2024 12:52 PM IST World Bank noted that global growth is projected to remain muted compared to pre-pandemic levels. World Bank upgraded its estimate of India’s growth from earlier 6.6% to 7% for Fy25. World Bank country director India Auguste Tano Kouame said, ” Indian economy growing at a good pace, building in…
Sep 02, 2024 03:36 PM IST Mahindra & Mahindra reported a 9% increase in total wholesales to 76,755 units in August. Domestic passenger vehicle sales rose 16%, while exports are up 26%. Mahindra & Mahindra on Monday said its total wholesales increased 9 per cent year-on-year to 76,755 units in August. Mahindra & Mahindra share…
India’s manufacturing activity growth eased to a three-month low in August as demand softened significantly, a private-sector survey showed on Monday, casting another shadow over the otherwise robust economic outlook. India’s manufacturing growth slowed in August due to softened demand, with the HSBC final India Manufacturing PMI dropping to 57.5 from July’s 58.1. Growth in…
Elon Musk’s X started to go dark on in Brazil at the order of the top court as Latin America’s largest nation became the latest front in a global fight over the regulation of free speech on the internet. The logo of social media platform X is seen on a mobile phone next to a…
The blocking of social media platform X in Brazil divided users and politicians over the legitimacy of the ban, and many Brazilians on Saturday had difficulty and doubts over navigating other social media in its absence. A Brazilian user of the social network X, formerly Twitter, browses posts on a cell phone in Brasilia on…
State Bank of India (SBI) has launched a new FASTag design to crack down on smaller vehicle tags being used on larger vehicles to reduce toll charges, the Economic Times reported, adding that this is specifically for Vehicle Class-4 (VC-04), which includes car, jeep, and van categories. Faridabad toll plaza with FASTag lanes demarcated at…
Fallout from the clash between Elon Musk and a justice on Brazil’s top court spread across the billionaire’s companies as the judge vowed to shut down X and blocked Starlink bank accounts in Latin America’s largest economy. Tesla and SpaceX chief executive officer Elon Musk listens to a question as he speaks at the SATELLITE…
In an era where gender equality and innovation are becoming increasingly intertwined, Salesforce continues to lead the charge with initiatives that champion both. The second edition of the Trailblazing Women Summit, held in Hyderabad on August 23rd, 2024, is a testament to Salesforce’s commitment to driving meaningful change in the tech industry. Under the theme…
Aug 30, 2024 11:52 AM IST Ola Electric CEO Bhavish Aggarwal announced that anyone with a shop can now sell Ola Electric products, following their debut on ONDC network. Ola Electric CEO Bhavish Aggarwal said that anyone with a shop can now sell an Ola Electric product. This comes after the company announced its debut…
Aug 29, 2024 05:26 PM IST Reliance Industries announced that its Board of Directors will be meeting on September 5, 2024, to consider a 1:1 bonus issue for its equity shareholder. Reliance Industries announced that its Board of Directors will be meeting on September 5, 2024, to consider a 1:1 bonus issue for its equity…
The Telecom Regulatory Authority of India (TRAI) on Wednesday issued a consultation paper seeking feedback on regulations and measures to proactively detect spam messages and calls, and how to stop proliferation of identified spam through the system. The office of the Telecom Regulatory Authority of India. (Mint File Photo) The regulator has also asked if…
The third edition of the Regional Industry Conclave was successfully held today at the Rajmata Vijayaraje Scindia Agricultural University in Gwalior. The event, which aimed to promote balanced and equitable development across Madhya Pradesh through industrial growth, saw participation from over 4,000 attendees, including 15 international delegates from countries such as Canada, the Netherlands, Togo,…
Aug 28, 2024 10:25 AM IST Apple cut around 100 jobs in its digital services group, mainly affecting the Apple Books app and Apple Bookstore teams. Apple eliminated about 100 jobs in its digital services group, with the biggest cuts affecting the team responsible for its Apple Books app and Apple Bookstore, Bloomberg News reported….
Aug 27, 2024 04:04 PM IST Auto majors will likely offer 1.5-3.5% discounts for buyers scrapping old vehicles to buy new ones, advancing Circular Economy efforts. Nitin Gadkari, minister of Road Transport & Highways, said that several commercial and passenger vehicle manufacturers will offer discounts for buying new vehicles against the scrapping of older vehicles…
Employees of Nvidia Corp led by its billionaire co-founder and CEO Jensen Huang, have a high-stress and gruelling work environment that leaves them with little time to enjoy the high pay that the graphics chip maker pays them, according to a report. Jensen Huang, CEO of Nvidia, co-founded the company in 1993. (AP) A former…
BENGALURU, – India’s markets regulator has issued show-cause notices to Paytm founder Vijay Shekhar Sharma and other board members who held roles during the firm’s November 2021 IPO over alleged misrepresentation of facts, Moneycontrol reported on Monday. India markets regulator pull up Paytm founder, director on IPO breaches, Moneycontrol reports The issue revolves around whether…
Gold and silver rates today: Gold rate increased on Monday. The rate of 24 carat gold is ₹7278.1 per gm, up by ₹315.0. The rate of 22 carat gold is ₹6666.7 per gm, up by ₹288.0. Gold silver image 24 carat gold’s rate has changed in the last one week by 1.02%, whereas in the…
It usually takes an average of 15-45 days from the e-verification date of income tax returns (ITRs) for the income tax department to start processing it, according to an Economic Times report, which added that it must get processed within nine months of the end of the fiscal year. If the ITR is not successfully…
Apple Inc. is planning to hold its biggest product launch event of the year on Sept. 10, when the company will unveil the latest iPhones, watches and AirPods, according to people familiar with the situation. The Apple logo is illuminated at a store in the city center in Munich, Germany, on Dec. 16, 2020. (Matthias…
The central government on Saturday approved the Unified Pension Scheme (UPS), which guarantees an “Assured Pension and Assured Family Pension.” Announcing the Cabinet’s decisions, Information and Broadcasting Minister Ashwini Vaishnaw said that under the UPS, government employees will receive 50 per cent of their average basic pay from the last 12 months before retirement as…
Aug 24, 2024 10:15 AM IST Business News LIVE Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on August 24, 2024: Gold silver image Business News LIVE Updates Today: Follow for stories on Bill Gates, Elon Musk, Mukesh Ambani, Gautam Adani as we…
The largest diamond found in more than a century has been unearthed at a mine in Botswana, and the country’s president showed off the fist-sized stone to the world at a viewing ceremony Thursday. Botswana’s President Mokgweetsi Masisi looks at the 2492 carat diamond discovered in the Karowe mine in Gaborone on August 22, 2024…
Gold and silver rates today: Gold rate decreased on Friday. The rate of 24 carat gold is ₹7288.8 per gm, down by ₹481.0. The rate of 22 carat gold is ₹6676.6 per gm, down by ₹440.0. Gold silver image 24 carat gold’s rate has changed in the last one week by -2.15%, whereas in the…
Aug 22, 2024 08:59 PM IST Its important to rectify a defective ITR as not doing is treated as not filing at all, necessitating a belated ITR or an updated ITR (ITR-U) The number of defective income tax return (ITR) notices has been increasing lately, according to an Economic Times report, which added that the…
Gold and silver rates today: Gold rate increased on Thursday. The rate of 24 carat gold is ₹7336.9 per gm, up by ₹57.0. The rate of 22 carat gold is ₹6720.6 per gm, up by ₹52.0. Gold silver image 24 carat gold’s rate has changed in the last one week by -1.12%, whereas in the…
Aug 21, 2024 03:54 PM IST Explaining his goal at Ola, Bhavish Aggarwal said, “Tesla is for the West, Ola is for the rest.” Ola founder and CEO Bhavish Aggarwal said that Elon Musk should stop doing the businesses that he is doing. When asked about comparisons people make between Bhavish Aggarwal and Tesla CEO,…
Aug 21, 2024 09:04 AM IST RBI Governor Shaktikanta Das has been placed at the top of the list of three central bank governors, who have been rated A . Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally for the second consecutive year by US-based Global Finance…
Aug 20, 2024 04:06 PM IST Competition Commission of India has privately told Disney and Reliance its view and asked the companies to explain. India’s antitrust body reached an initial assessment that the $8.5 billion merger of Reliance and Walt Disney media harms competition due to their power over cricket broadcast rights. News agency Reuters…
Aug 20, 2024 09:23 AM IST Infosys’ entry-level fresher pay packages are between ₹3-3.5 lakh which makes the new programme different. Infosys launched a ‘power programme’ for colleges with differential hiring under which the IT major is offering packages of up to ₹9 lakh per annum, it was reported. Citing two people in the know,…
A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be skewed against some issuers. A man walks in a flooded street as Hurricane Beryl hits the southern coast of the island, in Kingston, Jamaica, July 3, 2024. (Marco Bello/Reuters) Catastrophe bonds, which are issued by…
There was a wave of concern earlier this month when the latest shipments data suggested India’s wearables market declined in the second quarter of the year. The International Data Corporation’s (IDC) India Monthly Wearable Device Tracker suggested that true wireless earbuds (TWS), smartwatches and fitness band shipments were down to the tune of 10%, compared…
Aug 18, 2024 07:58 PM IST The FSSAI tested 4,054 spice blend samples after Hong Kong suspended sales of some MDH and Everest blends due to high levels of a pesticide Close to 12% of all tested spice samples in India, the world’s largest exporter, producer and consumer of spices, failed to meet quality and…
Markets regulator Sebi has proposed expansion of the sustainable finance framework in the securities market by introducing a new category of financial instruments. SEBI Bhavan at BKC Bandra in Mumbai (PTI) This category will include Social Bonds, Sustainable Bonds, and Sustainability-linked Bonds in addition to the current green debt securities. It aims to provide issuers…
By Praveen Paramasivam Foxconn chief defends hiring practices after report married women rejected in India SRIPERUMBUDUR, India, – Foxconn’s chairman on Saturday defended its hiring practices after New Delhi ordered investigations following a Reuters report that the Apple supplier rejects married women from iPhone assembly jobs. “Foxconn hires regardless of gender, but women make up…
Aug 16, 2024 07:23 PM IST India’s forex reserves fell by $4.8 billion to $670.119 billion for the week ended on August 9 India’s forex reserves dropped by USD 4.8 billion to USD 670.119 billion for the week ended August 9, the Reserve Bank of India said on Friday. India’s forex reserves dropped by USD…
Gold prices rose to an all-time high on Friday as a cocktail of factors ranging from a weaker dollar, growing expectations for a U.S. interest-rate cut in September to geopolitical tensions in the Middle East bolstered demand for bullion. Spot gold was up 1.3% to $2,487.66 per ounce by 09:30 a.m. EDT (1330 GMT) (Representational…
The number of Americans applying for unemployment benefits fell last week, another sign that the job market remains resilient in the face of high interest rates. A hiring sign in the Soho neighborhood of New York, US.(Bloomberg) Jobless claims dropped by 7,000 to 227,000 last week, the Labor Department reported Thursday. The four-week average of…
Elon Musk’s absolutist version of free speech has thrown the world’s richest man and his X social-media platform into the crosshairs of governments worldwide. Elon Musk, who has increasingly aligned himself with conservative figures, last month endorsed Trump for president and is supporting a super-PAC backing the Republican nominee. (Michael Ciaglo / Getty Images), (Gonzalo…
Aug 15, 2024 08:48 AM IST Cognizant offered hikes are as low as 1% and the highest is said to be 5%, it was reported. Cognizant Technology Solutions is said to have handed out annual salary hikes as low as 1% to some of its employees, it was reported amid controversy over the company offering…
China’s steel industry is facing a crisis more serious than the downturns of 2008 and 2015, the world’s biggest producer warned, highlighting a need to preserve cash and likening conditions to a “severe winter.” An employee works next to molten iron at a steel mill of Dongbei Special Steel in Dalian, Liaoning province, China. (Stringer/REUTERS)…
Aug 14, 2024 09:16 AM IST Intel would have raised about $146.7 million from the sale, based on the average price of Arm’s stock between April and June. Intel, which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm…
Aug 13, 2024 06:41 PM IST The job hiring for the 2024 graduating batch was based on an information technology job and offered ₹252,000 per annum. Many people have trolled the company. IT giant Cognizant was trolled on social media after one of their job postings for freshers went viral. The job hiring for the…
It is a mission, as Robin Rombach, who is CEO of German artificial intelligence (AI) company Black Forest Labs calls it. Little could Rombach or Black Forest Labs may have realised as they pressed the trigger, about the seismic shift the company’s FLUX.1 models would bring to the generative AI space. Or perhaps they did,…
Hydrogen’s potential as a carbon-free fuel has provoked no end of excitement. From the deserts of Australia and Namibia to the wind-blasted straits of Patagonia, companies and governments worldwide plan to build almost 1,600 plants to make it. The gas can be produced cleanly by using wind- or solar-powered electricity in a process that splits…
The United States accounts for the highest share of Foreign Portfolio Investors (FPIs) investing in India during the fiscal year 2023-24, highlights a report by the Securities and Exchange Board of India. (SEBI) SEBI Bhavan at BKC Bandra in Mumbai.(PTI) The report also added that as of March 31, 2024, the total number of registered…
Stock exchanges and brokers, catering to retail traders, could be hit hard by the regulator Sebi’s proposed measures for Futures & Options (F&O) trading regulations, with market volumes slumping 30-40 per cent, according to reports. SEBI Bhavan at BKC Bandra in Mumbai. (PTI) If these measures are implemented, the number of investors could decrease, it…
Aug 10, 2024 11:08 PM IST Hindenburg Research alleged SEBI chief Madhabi Puri Buch and her husband Dhaval Buch held stakes in an offshore fund linked to Adani scandal US-based short-seller Hindenburg Research on Saturday alleged that market regulator Securities Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and her husband Dhaval Buch held…
Mobile phones priced in the range of ₹10,000-20,000 dominate the country’s smartphone industry, constituting over 40 per cent of the total market size, according to Infinix India CEO Anish Kapoor. Infinix 4G mobile phones: These android-powered smartphones are efficient and cost effective. Kapoor said the demand for 5G-enabled handset has increased in the recent past…
Aug 09, 2024 03:32 PM IST Monthly gross systematic investment plan (SIP) inflows hit a fresh record high of ₹23,332 crore during July. Open-ended equity mutual fund inflows fell 8.61 per cent to ₹37,113.39 crore during July owing to a fall in investments in large-cap and mid-cap funds, as per the data released by the…
This parliament session has seen renewed interest by parliamentarians in both houses towards rising airfares. Questions ranging from higher airfares to the gulf as well as domestic routes were a routine across party lines in both houses of the parliament. Since the time dynamic pricing has come into play, the widely believed methodology has been…
Aug 09, 2024 08:13 AM IST The Mac Mini will shrink to a size comparable to an Apple TV set-top box. The update will mark Apple’s first major design change since Steve Jobs’ era in 2010. Apple may give its biggest ever overhaul to Mac Mini as the tech giant is reportedly readying a new…
Aug 08, 2024 06:27 PM IST The Anil Agarwal-led Vedanta had been working with advisors to sell its steel business to raise around $2.5 billion for reducing the company’s debt load Vedanta Ltd has put plans to sell its steel business on hold because a $1 billion share sale gave the company increased breathing room…
For US chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different. OpenAI logo is seen in this illustration.(Reuters) About seven years ago, the company had the chance to buy a stake in OpenAI, then a fledgling non-profit research organization…
Aug 07, 2024 06:25 PM IST The Indian-origin man joined Sam Altman’s OpenAI, maker of ChatGPT, a month ago. An Indian-origin man, who recently joined Sam Altman’s OpenAI, took to X to share his note on how he felt working at the artificial intelligence (AI) start-up. The employee, who is into product marketing, was in…
RBI MPC Meet 2024 Expectations Live: The six-member committee chaired by Shaktikanta Das has kept repo rate unchanged in the previous eight policy reviews. Summary RBI MPC Meet 2024 Expectations Live: If the RBI decides to keep rates steady, it will mark the ninth consecutive time the benchmark rate remains unchanged. RBI MPC Meet 2024…
Investors’ wealth eroded by a whopping ₹22 lakh crore in three days of market slump with the BSE benchmark Sensex tanking 4 per cent. People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters) In three days, the Sensex tumbled 3,274.48 points or…
Aug 06, 2024 08:27 AM IST John Schulman joined OpenAI almost 9 years ago after he graduated. He said, “It’s the first and only company where I’ve ever worked, other than an internship.” John Schulman, one of the co-founders of artificial intelligence (AI) company OpenAI, has left the ChatGPT maker for rival Anthropic, he said…
Capital markets regulator Sebi has amended mutual fund norms requiring Asset Management Companies (AMCs) to put in place an institutional mechanism to identify and deter front-running and insider trading in securities. SEBI Bhavan at BKC Bandra in Mumbai. (PTI) This mechanism will consist of enhanced surveillance systems, internal control procedures, and escalation processes such that…
Aug 05, 2024 08:23 AM IST Elon Musk gave details about the second patient saying that the person had a spinal cord injury similar to the first patient. Neuralink has successfully implanted its device in a second patient, Elon Musk informed. The device is designed to give paralyzed patients the ability to use digital devices…
Tax defaults in India have skyrocketed by 1000% in the last ten years and litigation associated with it has also consequently risen, according to a Moneycontrol report, which cited data compiled from various Union Budgets. Tax defaults in India skyrocketed by 1000% in the last ten years and associated litigation has also consequently risen (Representational…
Latest business News, Live Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on August 3, 2024: Warren Buffett, chairman and CEO of Berkshire Hathaway, cut more than 10 per cent of Berkshire’s stake in Apple in the first three months of this year…
Adani Group-owned Ambuja Cement Ltd (ACL) on Saturday announced an investment of around ₹1,600 crore in Bihar to set up a cement grinding unit at Warisaliganj in Nawada district. The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. (Amit…
Aug 2 – AMC Entertainment Holdings posted a loss for the second quarter compared to a profit in the same period last year hurt by the lingering impact of last year’s dual Hollywood strikes, which led to a limited number of major theatrical releases. AMC Entertainment swings to loss in the second-quarter hurt by weak…
Aug 02, 2024 03:52 PM IST FASTag KYC rules: All FASTags issued between three to five years ago must complete updated KYC procedures. Check all details here The National Payments Corporation of India (NPCI) announced new guidelines with focus on FASTag KYC (Know Your Customer) standards. The rules come into effect from August 1 and…
Latest business News, Live Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on August 2, 2024: Warren Buffett, chairman and CEO of Berkshire Hathaway, is seen. Follow for stories on Bill Gates, Elon Musk, Mukesh Ambani, Gautam Adani as we bring you everything…
Aug 01, 2024 04:23 PM IST With this, Zomato is challenging BookMyShow which currently dominates the growing online movie ticket booking market in India with a 60% share. Zomato announced launch of ‘District,’ a new app consolidating “going-out” business, including dining and ticketing for movies and events. This move marks marks Zomato’s entry into a…
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