Business news
- World
US inflation jumped 7.5% in the past year, a 40-year high
Washington: Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates…
- Business
South Korean economy faces heightened external economic risks
Seoul: The South Korean economy is on a recovery track, but external economic uncertainty remains high amid soaring energy costs and monetary policy shifts by the US Federal Reserve, a state-run think…
- Business
Jio Platforms invests $15 mn in AI, VR startup Two Platforms
New Delhi: Jio Platforms announced on Friday that it has invested $15 million in Two Platforms (TWO) for a 25 per cent equity stake. The startup — Two Platforms — is an…
- Business
Google’s parent firm Alphabet logs record $257 bn revenue in 2021
San Francisco: Google’s parent company Alphabet has registered a record $257 billion in annual revenue for full year 2021 — a 41 per cent (on-year) jump from previous year, as the pandemic…
- Business
Sensex surges over 400 pts in early trade; Nifty breaches 17,650-level
Mumbai: Equity benchmark Sensex climbed over 400 points and the Nifty breached the 17,650-level in the opening session on Wednesday, a day after the Union Budget proposed higher spending on infrastructure to…
- Business
Rupee gains 11 paise to 74.71 against US dollar in early trade
Mumbai: The rupee appreciated 11 paise to 74.71 against the US dollar in the opening trade on Wednesday, supported by positive domestic equities and weak American currency. At the interbank foreign exchange,…
- Technology
After mobile phones, India eyes smartwatches, earbuds manufacturing
New Delhi: After giving an impetus to mobile phones and laptop/tablet manufacturing locally, the government on Tuesday announced a new Phased Manufacturing Programme (PMP) for producing wrist wearable devices, hearable devices and…
- Business
Rupee slips 17 paise to close at 74.82 against US dollar
Mumbai: The rupee pared its initial gains and settled 17 paise lower at 74.82 against US dollar on Tuesday as caution set in among forex market participants after the government in the…
- Technology
Global chip sales cross $500 bn for 1st time: Gartner
New Delhi: Worldwide semiconductor revenue increased 25.1 per cent in 2021 to total $583.5 billion, crossing the $500 billion threshold for the first time, a Gartner report showed on Monday. Samsung Electronics…
- Business
Rupee gains 15 paise to 74.92 against US dollar in early trade
Mumbai: The rupee appreciated 15 paise to 74.92 against the US dollar in opening trade on Monday, supported by the recovery in domestic equities. However, the surge in the rupee was restricted…
- Technology
Apple’s holiday iPhone sales surge despite supply shortages
San Ramon: Apple shook off supply shortages that have curtailed production of iPhones and other popular devices to deliver its most profitable holiday season yet. The results posted Thursday for the final…
- Technology
6 mn electric cars likely to be shipped in 2022: Gartner
New Delhi: Six million electric cars (battery electric and plug-in hybrid) are likely to be shipped globally in 2022, up from 4 million in 2021, a Gartner report showed on Thursday. The…
- Business
Rupee falls 41 paise to 75.19 against US dollar in early trade
Mumbai: The rupee declined 41 paise to 75.19 against the US dollar in opening trade on Thursday, tracking the strength of the American currency after hawkish US Fed policy stance. Forex traders…
- World
EXPLAINER: Why are oil prices high, and any relief in sight?
New York: Anyone who’s bought food, paid rent or looked for a used car recently has come up against the billowing inflation that has engulfed the U.S. economy. And, with surging oil…
- Business
Swiggy raises $700 mn to boost quick grocery delivery business
New Delhi: Food delivery platform Swiggy on Monday said it has raised $700 million led by Invesco, which will be utilised to double down efforts on its quick-commerce grocery service Instamart. With…
