Business news
- Technology
You must be X Premium subscriber to get ad revenue share: Musk
New Delhi: Elon Musk on Saturday said that one has to be X Premium (Blue) subscriber to be eligible for ad revenue share from the company. X Corp (Twitter) has halted paying…
- Business
Vanguard slashes Ola’s valuation by 52 per cent: Report
New Delhi: Leading US asset manager Vanguard has further slashed its holding in ride-hailing major Ola by more than half, which takes Bhavish Aggarwal-run company’s valuation down to nearly $3.5 billion from…
- Business
GST evasion cases rose 23.5% in 2 years, 166% rise in detection
New Delhi: There has been a rise of 23.5 per cent in cases of GST detection between 2020-21 and 2022-23, while in terms of detection of GST evaded, there is a huge…
- Automobile
Maruti Suzuki to buy Suzuki Motor Corp share in Gujarat plant
Chennai: Automobile major Maruti Suzuki India Ltd has decided to acquire Suzuki Motor Gujarat Pvt Ltd (SMG) from its Suzuki Motor Corporation (SMC) for a sum to be arrived at later, a…
- Automobile
Insufficient infrastructure hampers EV adoption in urban areas
New Delhi: Researchers have found that the lack of public infrastructure is severely limiting EV (electric vehicle) adoption in urban environments, a new study said on Monday. In particular, as flat and…
- Business
M&M acquires 3.5 per cent stake in RBL Bank as an investment
New Delhi: Mahindra & Mahindra announced on Wednesday that it has acquired a 3.53 per cent stake in RBL Bank as an investment at a cost of Rs 417 crore. “We may…
- Business
India’s growth trend expected to soften from Sept quarter
New Delhi: While a favourable base effect should help accelerate India’s real GDP growth to around 7.5-8 per cent YoY in the June quarter, the growth trend is expected to soften over…
- Business
Indian startup ecosystem logs lowest funding in 4 years
New Delhi: The Indian startup ecosystem reported the lowest six-month funding in the last four years, in the first half of this year at $3.8 billion across 298 deals — a decline…
- Business
Pakistan tops as world’s best performing stock market
Karachi: The Pakistan Stock Exchange (PSX) experienced an impressive rally for the second consecutive week after Eid, earning the title of the “world’s best performing market” on a weekly basis, according to…
- Technology
New OLED iPad Pro models to enter mass production in Q1 2024
San Francisco: The new 11-inch and 13-inch iPad Pro models, the first in the Apple iPad series to use OLED displays, will go into mass production in the first quarter of 2024,…
- India
Coverage and affordability issues delay 5G adoption in India
New Delhi: Although 5G services were introduced in India in October, 2022, they are still not widely available across the country, resulting in patchy network coverage, a report has said. Also, a…
- Chennai
BSNL to monetise land parcels in Tamil Nadu, Puducherry
Chennai: Government-owned telecom player Bharat Sanchar Nigam Ltd (BSNL) has decided to monetise its land parcels located in prime localities here and in other places in Tamil Nadu and Puducherry. The BSNL…
- Business
Forex reserves rise by USD 1.85 billion to USD 595.05 billion
Mumbai: India’s foreign exchange reserves rose by USD 1.853 billion to USD 595.051 billion in the week ended on June 30, the Reserve Bank of India said on Friday. The overall reserve…
- Business
Apple only company ever to reach USD 3 trillion in market cap
New Delhi: Apple is once again worth $3 trillion, the only company ever to reach the milestone, a media report said. Its shares rose 1 per cent on Friday to hit a…
- Technology
Microsoft announces AI-powered shopping tools in Bing, Edge
San Francisco: Tech giant Microsoft has announced new artificial intelligence (AI)-based shopping tools in Bing and Edge, that will help users to shop and save “with confidence.” The new tools help users…
