Business news
- Business
Slow recovery of low income households slowed down India’s economic recovery
Chennai: The slow economic recovery of the low income households post Covid-19 pandemic has resulted in the overall economic recovery of the country, said Kotak Securities Ltd. In a research report, Kotak…
- Business
Samsung may unveil affordable Galaxy A54 next year
Seoul: South Korean tech giant Samsung is reportedly working on a new affordable Galaxy A-series smartphone that will likely sport a 50MP primary camera sensor. According to GizmoChina, the device is currently…
- Technology
Meta settles lawsuits with 2 firms engaged in scraping its data
San Francisco: Meta (formerly Facebook) has settled a lawsuit for “significant sum” against two companies that were engaged in data scraping operations on its platforms. Israel-based BrandTotal and US-incorporated Unimania, agreed to…
- Business
Rupee falls 49 paise against US dollar
Mumbai: Increasing crude prices and demand for dollars resulted in Indian rupee falling by 49 paise to touch Rs 81.89 against the greenback. The crude prices increased with oil producers indicating lowering…
- Business
CNG price shoots up by Rs 6 to Rs 86/kg; PNG up by Rs 4 to Rs 52.50/SCM
Mumbai: City gas utility Mahanagar Gas has increased the retail price of compressed natural gas (CNG) and piped natural gas (PNG) by Rs 6/kg and by Rs 4/ SCM respectively in and…
- Business
Rupee declines by 42 paise to 81.82 against dollar on spike in crude oil
Mumbai: The rupee fell by 42 paise to close at 81.82 against the US dollar on Monday, snapping its two-session gaining streak as heavy selling in domestic equities and a spike in…
- Business
India’s GDP growth to decline to 5.7 pc in 2022: UNCTAD
United Nations: India’s economic growth is expected to decline to 5.7 per cent this year from 8.2 per cent in 2021, a top UN agency projected on Monday, citing higher financing cost…
- Business
PayU calls off $4.7 bn acquisition of Indian fintech major BillDesk
New Delhi: In a significant move, PayU (owned by Prosus) on Monday called off the $4.7 billion acquisition of Indian digital payments provider BillDesk, saying that “certain conditions precedent were not fulfilled”…
- Business
Protest intensifies in TN’s Kancheepuram against airport project at Parandur
Chennai: Protests against the proposed airport at Parandur have intensified in Tamil Nadu’s Kancheepuram district with the grama sabha meeting passing a resolution against it. The resolution was passed by Ekanpuram villagers…
- Technology
Tesla delivers record 343,830 vehicles in Q3, Musk elated
San Francisco: Electric car-maker Tesla delivered a record 343,830 vehicles in the third quarter (Q3), after a weak performance in the second quarter owing to Covid shutdowns especially in China. The company…
- Business
Rupee falls 38 paise to 81.78 against US dollar
Mumbai: The rupee depreciated 38 paise to 81.78 against the US dollar in early trade on Monday, tracking a muted trend in domestic equities and risk-off sentiment among investors. Besides, surging crude prices…
- Business
RBI rate hike on expected line, says Kerala Inc
Kochi: Leading industrialists and bankers in Kerala have welcomed the rate hike decision taken by the Reserve Bank of India’s Monetary Policy Committee (MPC), as they say these measures are timely and…
- Business
SoftBank to trim 30% of workforce at loss-making Vision Fund: Report
Tokyo: Battered by heavy losses, Masayoshi Son-run SoftBank is laying off at least 30 per cent of employees at its loss-making Vision Fund, a media report said on Thursday. Bloomberg reported that…
- Business
Global app stores sales drop to $31.6 bn in Q3, TikTok breaks record
New Delhi: Global consumer spending on in-app purchases, premium apps, and subscriptions on Apple App Store and Google Play declined by 4.8 per cent (year-over-year) to $31.6 billion in the third quarter…
- Business
Akasa Air uses AI-powered product to make travel affordable
New Delhi: Akasa Air, India’s newest airline, has selected an Artificial Intelligence (AI)-powered product to make air travel affordable by leveraging accurate and real-time airfare data. AirGain by RateGain allows access and…
