Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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Nothing to integrate ChatGPT into all of its audio products
New Delhi: London-based consumer tech brand, Nothing, on Tuesday announced that it will be integrating OpenAI’s Artificial Intelligence (AI) chatbot ChatGPT into all of its audio products. The company initially announced the…
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Indian smartphone market up 11 pc to 34 mn units, Apple logs record Q1 shipments
New Delhi: India’s smartphone market saw shipment of 34 million smartphones in the first quarter (Q1) this year, with 11.5 per cent growth (year-over-year), as Apple had a record first-quarter shipment, growing…
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Uber to acquire Delivery Hero’s foodpanda business in Taiwan for $950 mn
San Francisco: Uber Technologies will acquire Delivery Hero’s owned foodpanda business in Taiwan for $950 million in cash, as the online food ordering company focuses on other markets. The acquisition is subject…
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Zomato stock slumps after ESOP announcement
Mumbai: Online food delivery company Zomato’s shares extended its morning session loss on Tuesday up to 5-6 percent, as the company is expecting an increase in cost due to the employee stock…
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Liquor sales in Kerala for FY 23-24 cross Rs 19,088 crore
Thiruvananthapuram: Sales of liquor and beer in Kerala during FY 2023-24 have touched Rs 19,088.68 crore, up from Rs 18,510.98 crore in FY 2022-23. The state-run Kerala State Beverages Corporation is the…
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Sensex up by 110 points after a positive opening
Mumbai: The Indian stock indices are up on Tuesday, following the positive trend in the broader market. At 9:50 a.m., Sensex was up by 110 points or 0.14 per cent at 72,887…
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Zomato to surrender RBI licence to operate as online payment aggregator
New Delhi: Food tech major Zomato on Monday said its subsidiary Zomato Payment Pvt Ltd (ZPPL) has decided to voluntarily surrender the certificate of authorisation it obtained from the Reserve Bank to…
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India signs 10-year pact to operate Chabahar Port in Iran
New Delhi: India on Monday signed a 10-year contract with Iran to develop and operate the Shahid Beheshti terminal at Chabahar port on Iran’s south-eastern coast. The contract was signed in Tehran…
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India’s debt: GDP ratio is much lower than US, Japan, France, UK: Sitharaman
New Delhi: Finance Minister Nirmala Sitharman said on Monday that India has fared relatively well compared with other countries as far as the government debt to GDP ratio is concerned and the…
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Govt plans to mandate anti-fake review rules for e-commerce firms
New Delhi: The government is considering to make it mandatory for e-commerce companies to comply with quality norms for consumer reviews after a voluntary push failed to effectively curb fake reviews, a…
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Paytm focuses on UPI Lite Wallet for low-value daily payments
New Delhi: One97 Communications Limited (OCL), which owns leading payments and financial services company Paytm, on Monday, said that it is now focusing on UPI Lite wallet to move the users who…
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Zomato’s Blinkit turns adjusted EBITDA positive, aims 1,000 stores in FY25
New Delhi: Zomato on Monday said that its quick commerce business Blinkit turned adjusted EBITDA positive in March, as the online food delivery platform clocked Rs 194 crore in adjusted EBITDA for…
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Proptech platform Square Yards’ expenses surge to over Rs 1,220 crore in FY24
New Delhi: Gurugram-based proptech company Square Yards saw its expenses grow over 25 per cent to Rs 1,220.25 crore in FY24, from Rs 926.68 crore in FY23. Employee benefits remained the biggest…
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Manufacturing, retail sectors join tech hiring wave in India: Report
Bengaluru: Driven by various government initiatives like ‘Make in India’ and production-linked incentive (PLI) schemes, the manufacturing sector, along with retail, have joined the tech hiring wave in the country, a report…
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Airtel, Google Cloud join hands to deploy GenAI solutions in India
New Delhi: Bharti Airtel and Google Cloud on Monday entered into a long-term partnership to accelerate cloud adoption and deploy generative artificial intelligence (GenAI) solutions in India. This alliance will provide Airtel…
