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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E-commerce & fintech firm Bolt lays off 29% of staff
San Francisco: US-based e-commerce and fintech company Bolt has confirmed it laid off 29 per cent of its staff. According to a Bolt spokesperson, the company made the cuts to get Bolt…
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Adani Group to invest Rs 8,700 crore in Bihar
Patna: The Adani Group will invest Rs 8,700 crore in Bihar, a senior official of the company said during the Bihar Business Connect-2023, a two-day global investors summit that concluded on Thursday.…
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Lenovo invests $1bn to boost AI infrastructure solutions
New Delhi: Consumer electronics major Lenovo on Thursday announced that it has invested $1 billion to accelerate artificial intelligence (AI) infrastructure solutions and launched new hybrid cloud platforms and services. Lenovo unveiled…
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WPI inflation spikes to 8-month high of 0.26 pc in Nov on costlier veggies, onion
New Delhi: Wholesale price-based inflation rose to an eight-month high of 0.26 per cent in November, driven by a sharp jump in food prices, especially onion and vegetables. The WPI inflation was…
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Narayana Murthy’s new deepfake video promises people can earn Rs 2.5L in 1 day
New Delhi: Infosys founder Narayana Murthy’s two new deepfake videos, which are being shared on social media, purportedly promoting a so-called investing platform “Quantum AI”, claiming that the user of this new…
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Sensex zooms past 70k after US Fed’s dovish message
New Delhi: The clear dovish message from the US Federal Reserve has set the stage for a smart Santa Claus rally in the coming days, and this can even trigger a pre-election…
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Apple will need court order from govts to give phone push notifications
San Francisco: Apple will now require law enforcement agencies to obtain a court order before it hands over details of customers’ push notifications. Apple has updated its guidelines for law enforcement agencies,…
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Foxconn gets approval to invest $1 bn more in Apple India plant: Report
New Delhi: Taiwanese contract manufacturer Foxconn has received approval to invest at least $1 billion more in a plant in India that will manufacture Apple products, a significant step towards its aim…
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42% Indian firms aim to spend over Rs 50cr on AI initiatives in FY25: Report
New Delhi: As Indian enterprises are substantially increasing their investments in artificial intelligence (AI), a new report on Wednesday said that about 42 per cent of enterprises plan to spend more than…
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Zerodha CEO Nithin Kamath shares own deepfake video, warns about AI threats
New Delhi: Zerodha Co-founder and CEO Nithin Kamath on Wednesday posted a video showing his own deepfake which was convincing enough to fool users into believing it was Kamath himself. He said…
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Crypto exchange HTX loses $258mn in withdrawals
New Delhi: Leading crypto exchange HTX has witnessed a net outflow of $258 million after a $30 million hack in November, the media reported. As per DefiLlama data, crypto users withdrew assets…
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Sensex down more than 200 points as IT heavyweights lag
New Delhi: BSE Sensex is down 249 points on Wednesday morning trade as IT stocks face selling pressure. BSE Sensex is trading at 69,301 points with Infosys, TCS down more than 2…
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GST dues are pending from the Centre is misnomer; N Sitharaman
New Delhi: The Center said on Tuesday, December 12, that no GST dues from any state are pending before it and that some state governments have not submitted AG’s authenticated certificate for…
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Markets continue to rally; Nifty hits fresh record high in early trade
Mumbai: Equity benchmark indices maintained their winning run in early trade on Tuesday, with the benchmark Nifty hitting its fresh all-time high level, amid an optimistic trend in global markets, continuous foreign…
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Rupee rises 1 paisa to 83.36 against US dollar in early trade
New Delhi: The rupee rose 1 paisa to 83.36 against the US dollar in early trade on Tuesday amid foreign fund inflow and softening of the American currency against its major rivals.…
