Business news
- Business
Walmart lays off 200 corporate employees amid rising inflation
San Francisco: Retail giant Walmart has laid off at least 200 corporate employees as the economic downturn takes its toll on companies worldwide. Walmart described the layoffs as a way to “better…
- Business
Reliance Jio may launch 5G services in India on Independence Day
New Delhi: As the race to launch 5G services for millions of smartphone and internet users take steam, Reliance Jio may launch its 5G services on August 15. Earlier this week, Akash…
- Business
Factors leading to rise in inflation in India
Mumbai: India has been witnessing a sharp rise in the inflation rate since September last year due to spike in crude oil prices in the international market and increase in commodity prices…
- Business
Homegrown Polymatech to invest $1 bn in chip manufacturing in India
New Delhi: Domestic chip manufacturer Polymatech Electronics on Wednesday said it will invest $1 billion in the country towards semiconductor manufacturing by 2025. Polymatech has signed a memorandum of understanding (MoU) with…
- Business
Uber reports $2.6 bn loss in Q2, gross bookings at all-time high
San Francisco: Uber Technologies on Tuesday said that gross bookings reached an all-time high of $29.1 billion in the second quarter (Q2) this year, up 33 per cent (year-over-year), with reporting net…
- Business
Rupee rises 12 paise to 78.94 against US dollar in early trade
Mumbai: The rupee appreciated 12 paise to 78.94 against the US dollar in opening trade on Tuesday, supported by foreign fund inflows and a weak greenback against key rivals overseas. Besides, softening…
- Business
Rupee rises 13 paise to 79.11 against US dollar in early trade
Mumbai: The rupee strengthened by 13 paise to 79.11 against the US dollar in opening trade on Monday. Forex traders said the rupee opened stronger as the dollar continued to fall on…
- Business
After 37 rounds, 5G spectrum auction sees bids worth Rs 1,50,130 cr
New Delhi: Day 6 of the ongoing 5G spectrum auction on Sunday saw an incremental increase in the bidding figure after 37 rounds, with the government now receiving bids worth Rs 1,50,130…
- Business
PC shipments, chip sales growth face record slump this year: Report
New Delhi: Global semiconductor revenue is projected to slow down to 7.4 per cent this year, down from 2021 growth of 26.3 per cent, while chip sales from PCs are likely to…
- Technology
AWS now has $79 bn annual sales run rate as top Cloud provider
New Delhi: Amazon Web Services (AWS), the Cloud arm of Amazon, now represent an annualised sales run rate of nearly $79 billion that has made it the leading Cloud provider once again.…
- Technology
Qualcomm sales up 37%, mobile biz crosses $6 bn riding on Snapdragon chips
New Delhi: Chip-maker Qualcomm has reported a 37 per cent rise in its revenue in the June quarter despite challenging macro-economic environment, announcing the extension of its patent license agreement with Samsung…
- Business
Rupee falls 10 paise to 79.88 against US dollar in early trade
Mumbai: The rupee depreciated 10 paise to 79.88 against the US dollar in opening trade on Wednesday tracking the strength of the greenback in the overseas market and firm crude oil prices.…
- Business
Gold falls Rs 28; silver declines Rs 203
New Delhi: Gold in the national capital on Tuesday fell by Rs 28 to Rs 51,192 per 10 grams, according to HDFC Securities. In the previous trade, the yellow metal finished at…
- Business
Rupee rises 9 paise to 79.81 against US dollar in early trade
Mumbai: The rupee appreciated 9 paise to 79.81 against the US dollar in early trade on Monday, supported by the fall in crude oil prices. At the interbank foreign exchange, the rupee…
- Business
Rupee falls 5 paise to end at 79.90 against US dollar
Mumbai: The rupee fell by 5 paise to close at 79.90 against the US dollar on Friday as stronger American currency and elevated crude oil prices weighed on investor sentiment. However, a…
