Business news
- Technology
Uber, Lyft to pay USD 328 million to drivers in wage-theft settlement
New York: In a significant development, Uber and Lyft on Thursday agreed to pay a combined $328 million to settle charges that the ride-hailing platforms “unlawfully withheld wages from drivers”, and failed…
- Technology
X’s value sinks below half of Musk’s USD 19 billion acquisition
San Francisco: X Corp has seen its valuation drop to $19 billion — less than half of which Elon Musk bought the social media platform for $44 billion last year. Employees at…
- Business
Indian Rupee ends flat against US dollar
Mumbai: The rupee paused its three-day downward move to settle flat at 83.25 against the US dollar on Friday as the support from positive domestic equities was negated by surging crude oil…
- Technology
‘Youngsters should work 70 hours a week’: Narayana Murthy
New Delhi: Infosys founder NR Narayana Murthy, in a conversation with Padma Shri Awardee and Chairman of Aarin Capital, T.V. Mohandas Pai on the first episode of 3one4 Capital’s podcast ‘The Record’,…
- Business
Indian Rupee falls 8 paise against US dollar
Mumbai: The rupee continued its downward trend for the third consecutive session to close 8 paise lower at 83.25 against the US dollar on Thursday, dragged down by massive selling in equity…
- Stock Market
Market mayhem: Investors’ wealth plunges Rs 7.59 lakh crore
New Delhi: Investors’ wealth eroded by Rs 7.59 lakh crore on Monday as the equity market took a heavy drubbing amid escalating tensions in the Middle East. The 30-share BSE Sensex plunged…
- Business
US oil giant Chevron seals deal to buy Hess for USD 53 billion
New Delhi: American oil giant Chevron Corporation announced on Monday that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an…
- Business
Paytm narrows loss to Rs 292 crore in Jul-Sept quarter
New Delhi: Fintech company One97 Communications, which operates under the Paytm brand, on Friday reported a narrowing of consolidated loss to Rs 291.7 crore in the second quarter ended September 30, 2023.…
- Business
US-based Invesco raises Swiggy’s valuation to USD 7.8 billion
New Delhi: In some cheers for Swiggy that is facing tough competition from Zomato, US-based investment company Invesco has increased the food delivery platform’s valuation to about $7.85 billion, the media reported…
- Business
Petrol, diesel sales fall ahead of start of festive season
New Delhi: Petrol and diesel sales fell in the first half of October ahead of the start of festival season that is expected to boost consumption, preliminary data of state-owned firms showed.…
- Technology
OpenAI looking to develop own AI chips, considering acquisition
San Francisco: OpenAI, the maker of Artificial Intelligence chatbot ChatGPT, is looking to develop its own AI chips and has even considered acquiring another company for this purpose, a media report said…
- World
Musk tops Forbes’ 400 richest people in US, Bezos ranks second
San Francisco: Tesla and SpaceX CEO Elon Musk has topped Forbes’ 400 richest people in America in 2023 list for the second year in a row, with an estimated fortune of $251…
- Business
Apple to scale up production over 5 times in India to USD 40 bn in 5 years
New Delhi: iPhone maker Apple has plans to scale up production in India by over five-fold to around USD 40 billion (about 3.32 lakh crore) in the next 4-5 years, according to…
- Technology
Billionaire investor Mark Cuban loses USD 870K in crypto scam
San Francisco: Mark Cuban, an American businessman, investor, film producer, and television personality, lost about $8,70,000 to a crypto scam late on September 15. On-chain sleuth Wazz first noticed the unusual transactions…
- Business
Crypto market saw illicit transactions of USD 70 billion in 5 years: Report
New Delhi: The cryptocurrency market witnessed nearly $70 billion worth of illicit transactions in the last five years, a new report said on Tuesday. According to data presented by AltIndex.com, illicit crypto…
