Business news
- Technology
Tech billionaire Austin Russell acquires 82 per cent stake in Forbes
San Francisco: Austin Russell, 28-year-old Chairman and CEO of automotive technology company Luminar Technologies, has acquired 82 per cent stake in Forbes Global Media Holdings, that published the Forbes magazine, in a…
- Technology
Stack Overflow lays off 10 per cent of its workforce
New Delhi: Stack Overflow, a question and answer website for programmers, has laid off 10 per cent of its workforce, or 58 employees, amid global macroeconomic pressures and focus on profitability. Prashanth…
- Technology
India accounts for over 75% of Truecaller’s net sales in Q1
New Delhi: India accounted for 75.5 per cent of the total net sales of Truecaller across revenue streams — Truecaller for Business, Premium subscriptions and Ads — in the first quarter of…
- Technology
OpenAI’s losses swell to USD 540 million, likely to keep rising
San Francisco: The losses of Microsoft-backed OpenAI, the developer behind highly-successful AI chatbot ChatGPT, reportedly swelled to nearly $540 million last year and are likely to only keep rising. According to The…
- Tollywood News
Rajamouli reacts after Anand Mahindra asks him to make film on Indus Valley Civilisation
Mumbai: Filmmaker SS Rajamouli has shared a response after Mahindra Group chairman Anand Mahindra asked him to do a film based on Indus Valley Civilisation. Anand took to Twitter, where he re-shared…
- Business
Microsoft to stop making its mice, keyboards, webcams
San Francisco: Microsoft has said that it will no longer manufacture mice, keyboards, and webcams under the Microsoft brand, instead, it will develop Surface-branded PC accessories, which include mice, keyboards, pens, and…
- Business
Nearly 80 per cent of iPhone users now own an Apple Watch
San Francisco: Nearly 80 per cent of smartwatch users who own an iPhone own an Apple Watch, the highest share of any brand, a report has revealed. Google Pixel users come in…
- Technology
British chip giant to raise USD 10 billion in biggest stock market listing this year
London: British microchip designing giant Arm has filed to sell its shares in the US, setting the stage for what could be the biggest stock market listing this year. The Cambridge-based firm…
- Business
Rising tide of interest in doing business with India
Hong Kong: When Tim Cook arrived in India earlier this month to open Apple’s first physical store in the country, he was welcomed like a hero, media reports said.Cook’s visit, the latest…
- Business
Samsung likely headed for first quarterly loss in 15 years: Analysts
Seoul: Samsung Electronics is likely to post an operating loss in the second quarter on a chip downturn and decline in mobile demand, in what will be the first quarterly loss for…
- Business
Lenovo begins laying off employees as PC biz takes a beating
New Delhi: Global technology brand Lenovo has reportedly started laying off employees, as its PC business suffers significantly amid economic downturn. According to a report in CRN, the job cuts at Levono…
- Business
Rupee gains 1 paise to close at 82.11 against US dollar
New Delhi: The rupee consolidated in a narrow range and settled for the day 1 paise higher at 82.11 against the US dollar on Wednesday, as participants remained on the sidelines ahead…
- World
Fortune of world’s richest person Bernard Arnault crosses $200 bn for first time
London: The fortune of Bernard Arnault, the world’s richest person, has topped $200 billion for the first time as shares in his French LVMH luxury goods empire hit a record high, a…
- India
Govt sanctions Rs 800 cr for installing 7,432 EV fast charging stations
New Delhi: The Ministry of Heavy Industries on Tuesday said Rs 800 crore under FAME India Scheme Phase II has been sanctioned to three PSU oil marketing companies (OMC) for setting up…
- Business
Retail inflation dips marginally to 6.44 pc in Feb
New Delhi: Retail inflation dipped marginally to 6.44 per cent in February, mainly on account of a slight easing in prices of food and fuel items, as per government data released on…
