Business news
- Business
Rupee rises 3 paise to settle at 83.58 against US dollar
Mumbai: The rupee consolidated in a narrow range and settled for the day 3 paise higher at 83.58 against the US dollar on Tuesday, on firm domestic markets and sustained inflow of…
- Technology
Koo, India’s twitter alternative, shuts down as acquisition talks fail
Indian social media platform Koo is shutting down after acquisition talks with Dailyhunt fell through. Despite securing over $60 million in funding from notable backers like Tiger Global and Accel, Koo was…
- India
Rupee falls 12 paise to 83.56 against US dollar in early trade
Mumbai: The rupee depreciated 12 paise to 83.56 against the US dollar in early trade on Tuesday, weighed down by the strengthening of the American currency in the overseas markets and elevated…
- Technology
UPI transactions surge 49 per cent YoY at 13.89 billion in June
New Delhi: The Unified Payments Interface (UPI)-based transactions reached 13.89 billion in June, surging 49 per cent on a year-on-year (YoY) basis, data by the National Payments Corporation of India (NPCI) showed…
- Technology
SK Group to secure USD 58 billion for AI, chip investments by 2026
Seoul: SK Group, South Korea’s chip-to-construction conglomerate, said on Sunday that it will secure 80 trillion won ($58 billion) by 2026 for investments, mainly in artificial intelligence and semiconductors. Some 20 chief…
- Technology
Razorpay to offer international payments to Indian freelancers via export account
New Delhi: Fintech major Razorpay on Monday announced the expansion of its ‘MoneySaver Export Account’ to offer international payments for Indian freelancers. This feature will now enable freelancers to open a ‘Smart…
- Business
Binance to pay Rs 18.82 cr fine to restart India operations
New Delhi: Leading blockchain and cryptocurrency platform Binance will be required to pay Rs 18.82 crore fine to restart operations in India. The Financial Intelligence Unit (FIU) has imposed this penalty on…
- Business
Paytm cuts jobs amid restructuring exercise, disburses bonus
New Delhi: One97 Communications Limited (OCL), which owns the Paytm brand, has begun to lay off an undisclosed number of employees amid a restructuring exercise, along with facilitating outplacement assistance to those…
- Technology
Paytm shows early signs of recovery in UPI transactions
New Delhi: Payment and financial services company Paytm is witnessing early signs of recovery and strong stabilisation for its Unified Payments Interface (UPI) business, marking a strong turnaround for the company. The…
- Business
Once valued at USD 22 billion, Byju’s is now worth ‘zero’
New Delhi: In what could be a shocker to many, edtech firm Byju’s, which was once valued at $22 billion, is now worth zero, according to a research note by financial firm…
- Business
TCS launches GenAI platform for firms to adopt next-gen tech at scale
New Delhi: Tata Consultancy Services (TCS) on Friday launched ‘AI WisdomNext’, a platform that aggregates multiple Generative Artificial Intelligence (GenAI) services into a single interface and enables organisations to rapidly adopt next-gen…
- Technology
Wipro secures USD 500 million deal from US communication service provider
Mumbai: IT major Wipro on Thursday announced it has secured a $500 million deal from a leading US communication service provider over a period of five years. In a stock exchange filing,…
- Business
Apple earned over USD 1.95 trillion from iPhone sales so far: Report
New Delhi: Despite the apparent decline in the first three months of the year, iPhone lifetime sales still rose to shocking highs as the tech giant Apple grossed over $1.95 trillion from…
- News
What next for investors as stock markets remain volatile
New Delhi: Investors are concerned about the stock markets due to the unexpected outcome of the Lok Sabha results which caused a steep fall in the Indian equity benchmarks on June 4.…
- Technology
Three in four Indian B2B marketing leaders using GenAI: Report
New Delhi: Three in four Indian B2B (business-to-business) marketing leaders are already using generative artificial intelligence (GenAI) applications in their marketing activities, as it helped accelerate content creation (43 per cent), create…
