Business

57% Of All Fraud Incidents In India Now \'platform\' Frauds: Report

New Delhi, May 11 : About 57 per cent of all fraud incidents in India are now ‘platform’ fraud, a novel form of economic crime that involves fraudulent activities associated...

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Delhi Police File Fir Against Bharatpe Ex-md Ashneer Grover

New Delhi, May 11 : The Economic Offences Wing (EOW) of Delhi Police has registered an FIR against former BharatPe managing director, Ashneer Grover for cheating and fraud of Rs...

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Us Investment Firm Vanguard Slashes Ola\'s Valuation By 35%

New Delhi, May 11 : The US-based investment management company Vanguard has slashed ride-hailing firm Ola’s valuation by 35 per cent amid global macroeconomic conditions, reducing its worth to about...

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Change Of Guard At L&t, S.n. Subrahmanyan New Cmd, A.m. Naik To Be Chairman Emeritus

Mumbai, May 10 : Larsen & Toubro (L&T) on Wednesday named S.N.Subrahmanyan as its new Chairman and Managing Director while non-executive Chairman Anil M.Naik has been conferred the status of...

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Cisco Ceo Meets Pm Modi, Doubles Down On Local Manufacturing (lead)

New Delhi, May 10 : Global networking giant Cisco Chair and CEO Chuck Robbins on Wednesday met Prime Minister Narendra Modi, and discussed how the company has doubled down on...

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Sitharaman Leaves For Japan To Take Part In G7 Finance Ministers\' Meeting

New Delhi, May 10 : Finance minister Nirmala Sitharaman has embarked on an official two-day visit to Japan’s Niigata where she will participate in the “Dialogue with partner countries” at...

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Around 250 Lmt Of Wheat Procured During Current Rabi Season

New Delhi, May 10 : The government has procured 252 lakh metric tonnes (LMT) of wheat so far during the ongoing Rabi marketing season (2023-24). According to estimates released by...

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Mauritius Minister Says No Shell Companies In Country, Rejects Allegations By Hindenburg Research

New Delhi, May 10 : Mauritius Financial Services Minister Mahen Kumar Seeruttun has told the countrys Parliament that the allegations of the presence of shell companies in Mauritius are false...

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Cisco Ceo Meets Pm Modi, Doubles Down On Local Manufacturing

New Delhi, May 10 : Global networking giant Cisco Chair and CEO Chuck Robbins on Wednesday met Prime Minister Narendra Modi, and discussed how the company has doubled down on...

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Abhilash Lal

By Venkatachari JagannathanChennai, May 10 : A mechanical engineer and a postgraduate from the Indian Institute of Management, Bengaluru’s Abhilash Lal is the person who is ensured to take the...

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Distribution & Logistics Platform Ripplr Raises $40mn To Expand Footprint

New Delhi, May 10 : Tech distribution and logistics platform Ripplr on Wednesday said it has raised $40 mn in a Series B round led by Fireside Ventures. The startup...

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Aiia, Ccras Jointly Organise Interactive Meet For Research And Education In Ayush

New Delhi, May 10 : All India Institute of Ayurveda (AIIA) and Central Council for Research in Ayurvedic Sciences (CCRAS) on Wednesday jointly organised an interactive meet for research and...

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Declined Other Job Offers And Master\'s Programme: Sacked Linkedin Worker

New Delhi, May 10 : Microsoft-owned LinkedIn has laid off 716 employees as part of restructuring efforts within its Global Business Organization (GBO), and among those impacted, one woman took...

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With Bankruptcy Protection, Can Go Airlines Return To The Air In Two Weeks (lead)

By Venkatachari JagannathanChennai, May 10 : Getting bankruptcy protection, can the Wadia group’s low cost carrier Go Airlines (India) Ltd send its fleet back into the air in two weeks...

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Mineral Production Index For Mining Sector Rose 4.6% To 129 In Feb

New Delhi, May 10 : The index of mineral production for mining and quarrying sector in February 2023 stood at 129 and was 4.6 per cent higher as compared to...

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Ibm Introduces Quantum-safe Tech To Safeguard Key Enterprise, Govt Data

New Delhi, May 10 : Tech major IBM on Wednesday announced a comprehensive set of tools and capabilities to provide end-to-end quantum-safe technology for organisations, including governmental agencies, and secure...

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G20 Drrwg To Discuss Disaster Risk Financing In Mumbai Meet

Mumbai, May 10 : The second meeting of the G20 Disaster Risk Reduction Working Group (DRRWG) will explore innovative ways of managing disaster risk and financing for sustainable development, officials...

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Over 500mn Cyberattacks Blocked In India In Q1 2023: Report

New Delhi, May 10 : More than 500 million cyberattacks were blocked in India out of 1 billion global attacks, representing a sharp increase of over 29 per cent in...

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Midcap, Smallcap Outperformed Nifty 50 Index In April

New Delhi, May 10 : After a muted March, the Indian stock market rose 4.5 per cent in April, with the Nifty 50 rising 4.0 per cent while mid and...

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India Saw 25.1 Mn Wearable Unit Shipments In Q1, Boat Leads

New Delhi, May 10 : India saw the shipment of 25.1 million wearable units in the first quarter of 2023, registering a strong 80.9 per cent (year-over-year) growth but remained...

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Paytm Beats Phonepe, Googlepay As India\'s Highest Revenue Earner In Mobile Payments, Financial Services

New Delhi, May 10 : Indian fintech giant Paytm on Wednesday reported its financial performance for FY23, where its revenues swelled to Rs 7,991 crore for the fiscal year. Just...

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Cisco Eyes Over $1 Bn In Exports, Domestic Production With India Manufacturing

New Delhi, May 10 : Global networking giant Cisco on Wednesday announced it will start manufacturing in India, with an aim to drive more than $1 billion in combined domestic...

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Go Airlines: Legal Scene Now Shifts To Us Court, Meeting With Pratt & Whitney Ceo Not Productive

By Venkatachari JagannathanChennai, May 10 : After getting what it had prayed for before the National Company Law Tribunal (NCLT), the legal scene now shifts to a US court where...

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Logistics Industry Being Transformed By Drone Deliveries And Warehouse Automation: Logistics Saas-based Tech Startup Elixia

New Delhi, May 10 : As the global logistics industry goes through a transformation driven by last-mile delivery technologies, such as drone deliveries and warehouse automation, logistics SaaS-based tech startup...

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Us Congressional Leaders, Wh On Tenterhooks After Meeting To Resolve Debt Ceiling Crisis Fails

By TN AshokWashington, May 10 : US President Joe Biden and Congressional leaders from across the aisle will meet again on Friday as their first meeting ended in a stalemate...

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Air India Extends Deadline For Pilot Contracts Amid Union Opposition

New Delhi, May 10 : Air India has decided to extend the deadline for pilots to accept the revised compensation structure, despite facing opposition from two unions, according to sources....

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Nclt Admits Go Airlines\' Petition

Chennai, May 10 : The National Company Law Tribunal (NCLT) on Wednesday admitted the voluntary insolvency petition filed by the Wadia group’s low cost airline Go Airlines (India) Ltd and...

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Nclt Admits Go Airlines\' Petition

Chennai, May 10 : The National Company Law Tribunal (NCLT) on Wednesday admitted the voluntary insolvency petition filed by the Wadia group’s low cost airline Go Airlines (India) Ltd and...

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\'unacceptable Breach And Violation Of Privacy\': Mos It Warns Big Tech

New Delhi, May 10 : Minister of State for Electronics and IT Rajeev Chandrasekhar on Wednesday warned Big Tech like Meta-owned WhatsApp over the alleged breach of personal data privacy...

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India, Canada Agree To Enhance Cooperation For Investment Promotion, Info Exchange

New Delhi, May 10 : India and Canada have agreed to enhance cooperation for coordinated investment promotion and information exchange. This was finalised after both the countries concluded the 6th...

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Sam Bankman-fried Seeks To Dismiss 10 Out Of 13 Charges Against Him

San Francisco, May 10 : Sam Bankman-Fried, former CEO and founder of bankrupt crypto exchange FTX, has filed a pre-trial motion to dismiss 10 out of 13 charges against him....

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Us Smartphone Market Decline 17%, Apple Share Up To 53%

San Francisco, May 10 : Smartphone shipments in the US declined 17 per cent (on-year) in the first quarter but Apple increased its market share to 53 per cent from...

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India Suppliers To Help Us Export $10 Bn Worth Goods From Country By 2027: Walmart Ceo

Bengaluru, May 10 : India’s ecosystem of suppliers will help drive Walmart’s goal of exporting goods worth $10 billion annually from the country by 2027, the company’s President and CEO...

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Paramount Media Networks Slashes 25% Jobs, To Shut Down Mtv News

San Francisco, May 10 : Paramount Media Networks laying off 25 per cent of its workforce, along with shutting down MTV News, “because of “pressure from broader headwinds like many...

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Sittwe Port In Myanmar Opens To Boost Trade In Northeast, Se Asia

Guwahati, May 9 : Union Ports, Shipping and Waterways Minister Sarbananda Sonowal, along with the Deputy Prime Minister of Myanmar Admiral Tin Aung San, on Tuesday jointly inaugurated the Sittwe...

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Nclt To Decide On Go Airlines Insolvency Petition On Wednesday

New Delhi/Chennai, May 9 : The National Company Law Tribunal (NCLT) will on Wednesday decide on the admissibility of Go Airlines (India) Ltd’s voluntary insolvency petition. According to the cause...

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Gas Migration Case: Delhi Hc Upholds Arbitral Tribunal Ruling Favouring Reliance

New Delhi, May 9 : The Delhi High Court on Tuesday upheld the ruling of an arbitration tribunal favouring Reliance Industries and its foreign partners in a dispute over gas...

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Foxconn Buys Large Tract Of Land Near Bengaluru, Bjp Cheerful

Bengaluru, May 9 : Foxconn, the world’s biggest contract electronics manufacturer and assembler of iPhones, has bought a huge tract of land on the outskirts of Bengaluru. The key Apple...

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Cancel Licences Of Tax Evading Insurers: Gieaia

Chennai, May 9 : With about goods and services tax (GST) evasion amounting to about Rs 2,250 crore by some players in the general insurance industry, a major union in...

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Job Losses, Recessionary Fears To Lead To Rise In Mortgage Delinquencies In The Us

Chennai, May 9 : With job losses and a predicted recession, home mortgage delinquencies are expected to increase in the US, a senior official of mortgage servicing fintech software-as-a-service (SaaS)...

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Google To Give $100 Mn To Nyt For 3 Years To Use Its Content: Report

New York, May 9 : Google will give around $100 million to The New York Times over three years as part of a broad deal to use its content on...

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Vedanta Appoints Veteran Terry Daly As Advisor For Semiconductor Biz

New Delhi, May 9 : Global conglomerate Vedanta on Tuesday said it has appointed industry veteran Terry Daly as advisor for its semiconductor business. He will be responsible for providing...

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End Of Covid Emergency To Affect Sales Of Diagnostics Cos: Report

New Delhi, May 9 : With the World Health Organisation (WHO) declaring that Covid-19 is no longer a global emergency, medical device companies are likely to see a decrease in...

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77% Of The People Surveyed In India Have Purchased A Product Or A Service After Watching Reels: Meta Study By Factworks

New Delhi, May 9 : Meta on Tuesday announced the launch of #MadeonReels, a programme designed to take the power of Reels Ads to brands across verticals in the country....

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Mos It To Empower Semiconductor Startups, Next-gen Chip Designers

New Delhi, May 9 : India’s semiconductor market is projected to reach $64 billion by 2026 and Minister of State for Electronics & IT Rajeev Chandrasekhar will meet and encourage...

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Another Crypto Exchange Bittrex Files For Bankruptcy

San Francisco, May 9 : Crypto exchange Bittrex has filed for bankruptcy in the US, months after announcing that it will shut down operations. Bittrex, which was also sued by...

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Hiring In Startups Up In April, Despite 6% Annual Drop In E-recruitment: Report

New Delhi, May 9 : Despite economic uncertainties, the hiring activity among startups has significantly increased in April this year, while there has been a 6 per cent decline in...

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Possibility Of Rival Bids For Go Airlines? It Is A Hypothetical Question: Kaushik Khona

By Venkatachari JagannathanChennai, May 9 : Even though the Wadia group has approached the National Company Law Tribunal (NCLT) voluntarily to protect their leased planes from being repossessed, there exists...

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Overall Connected Vehicle Tech Grows 60% In India In Q1

New Delhi, May 9 : India’s overall connected vehicle (CV) technology grew more than 60 per cent (on-year) in the first quarter of this year, with the electric vehicle (EV)...

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Dedollarisation A Gradual Journey, Likely To Face Geopolitical Challenges: Expert

By Venkatachari JagannathanChennai, May 9 : The dedollarisation is a gradual journey and has to face various challenges, including geopolitical angle, said industry officials. The reported decision of India and...

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Fitch Ratings Affirms India\'s Long Term Foreign Currency Issuer Default Rating

Chennai, May 9 : India’s robust growth outlook, resilient external finances, higher gross domestic product (GDP) growth, improving financial sector and other factors enabled Fitch Ratings to affirm the country’s...

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Yellen Calls Ceos With Warning On Us Debt Ceiling

Washington, May 9 : US Treasury Secretary Janet Yellen has been calling CEOs and business leaders to discuss the consequences of brinkmanship around the debt ceiling. The calls come on...

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Linkedin Lays Off 716 Employees, Shuts China App (lead)

New Delhi, May 9 : Microsoft-owned LinkedIn has laid off 716 employees, as the company makes changes to its Global Business Organisation (GBO), along with shutting down its InCareer app...

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Accel Unveils Atoms 3.0 With Sector-focused Thematic Cohorts For Early Stage Firms

New Delhi, May 9 : Global VC firm Accel on Tuesday unveiled the new avatar of its Atoms programme called ‘Atoms 3.0’ which will have two theme/sector-based cohorts — Artificial...

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Linkedin Lays Off 716 Employees, Exits China Market

New Delhi, May 9 : Microsoft-owned LinkedIn has laid off 716 employees, as the company makes changes to its Global Business Organisation (GBO) and exits the China market. The company’s...

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Brand Storii By Itc Hotels Continues To Grow As It Signs Three More Properties Pan-india

New Delhi, May 8 : ITC Hotels continue to expand and strengthen its presence across India with the signing of three more properties under brand Storii in Goa, Himachal Pradesh...

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Dublin-based Aircastle Seeks Insolvency Proceedings Against Spicejet (ld)

New Delhi, May 8 : The next and latest in line after Go First, SpiceJet airline is facing bankruptcy proceedings as the Ireland-based aircraft lessor Aircastle Ltd has moved the...

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Odisha Govt Approves 11 Projects Worth Rs 2,840.73 Crore

Bhubaneswar, May 8 : The Odisha government on Monday approved 11 industrial projects worth Rs 2840.73 crore that would generate employment opportunities for over 3700 persons, an official said. The...

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Dublin-based Aircastle Seeks Insolvency Proceedings Against Spicejet

New Delhi, May 8 : SpiceJet has been issued a notice by the National Company Law Tribunal (NCLT) following a petition submitted by aircraft leasing company Aircastle (Ireland) Ltd. Aircastle...

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India-uae Bilateral Trade Grew 20% In 2022-23

New Delhi, May 8 : Since the Comprehensive Economic Partnership Agreement (CEPA) came into existence, bilateral trade between India and UAE witnessed tremendous growth of 20 per cent in 2022-23...

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World Bank\'s Barjor Mehta Appointed President Of Cept University

Ahmedabad, May 8 : Architecture and planning institute CEPT University on Monday announced the appointment of Barjor Mehta, an alumnus and former director of the School of Planning, as the...

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Early Warning Signal Mechanism Needs To Be Strengthened To Insulate Economy From Global Shocks: Fm In Fsdc Meeting

New Delhi, May 8 : The Financial Stability and Development Council (FSDC) on Monday decided that a mechanism needs to be evolved to strengthen early warning signals, so that all...

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Indian Bank Logs Rs 5,281.70 Cr Net, To Raise About Rs 7,000 Cr Funds

Chennai, May 8 : Indian Bank closed FY23 with a net profit of Rs 5,281.70 crore and plans to raise about Rs 7,000 crore through equity and bond issues. The...

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Google Partners Samsung To Fix Android\'s Background App Limitations

San Francisco, May 8 : As part of the collaboration with Android device manufacturers, Google is working to prevent random app killings in the background, and Samsung is the first...

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Air India Urination Case: Sc Issues Notice On Victim\'s Plea Seeking Guidelines On Unruly Behaviour

New Delhi, May 8 : The Supreme Court on Monday agreed to examine a plea by the victim in the Air India urination case seeking direction to the Director General...

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Piyush Goyal To Co-chair India-canada Ministerial Trade Dialogue

New Delhi, May 8 : Commerce Minister Piyush Goyal will on Monday co-chair the discussions for the sixth India-Canada ministerial dialogue on trade and investment (MDTI) in Ottawa, Canada, along...

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Go Airlines Got Premium Refund For Grounded Aircrafts

By Venkatchari JagannathanChennai, May 8 : With 50 per cent of its fleet grounded due to the problems with Pratt & Whitney engines, the Wadia group’s low cost Go Airlines...

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Air India Extends Vrs Offer For Its Employees Till May 31

New Delhi, May 8 : Tata-owned Air India on Monday extended a voluntary retirement offer for its non-flying staff till May 31.This is the third such offer by the group...

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Global Tech Services Sector Hits $57 Bn In Deal Activity Despite Slowdown

New Delhi, May 8 : Despite a continuing slowdown, the global technology service sector witnessed a surge in M&A and private equity deals in 2022, reaching a total of $57...

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Baidu Set To Launch Its 1st Smartphone Amid Crowded Global Mobile Market

Beijing, May 8 : Chinese internet giant is geared up to launch its first smartphone next week, as the global mobile market faces record decline amid macro-economic conditions, the media...

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Indian Corporates Too Can Apply Brakes On \'dollar Colonialism\'

By Venkatachari JagannathanChennai, May 8 : Whether dedollarisation happens at the macro level, at the corporate levels, the ‘dollar colonialism’ can be removed subject to some compulsory exemptions, said an...

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Indian Corporates Too Can Apply Brakes On \'dollar Colonialism\'

By Venkatachari JagannathanChennai, May 8 : Whether dedollarisation happens at the macro level, at the corporate levels, the ‘dollar colonialism’ can be removed subject to some compulsory exemptions, said an...

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Soil Is The Foundation Of Our Planet\'s Ecosystems: Report

New Delhi, May 8 : Soil pollution threatens the environment and human health as seriously as air and water pollution.Until recently, however, it received very little attention.Unlike air pollution, soil...

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Leading Biotech Firm Twist Bioscience Lays Off 270 Employees

San Francisco, May 8 : Leading biotechnology company Twist Bioscience Corporation has announced to lay off 270 people, or about 25 per cent of its workforce, as it aims to...

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Bengaluru-based Vc Firm 3one4 Capital Raises Rs 1,600 Cr In New Fund

Bengaluru, May 8 : Bengaluru-based early stage venture capital firm, 3one4 Capital, on Monday said it has closed its fourth early-stage fund (sixth fund overall) at $200 million (about Rs...

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Coal Imports Rose 30% To 162 Million Tonnes In 2022-23: Report

New Delhi, May 8 : Domestic coal imports went up by 30 per cent to 162.46 million tonnes in 2022-23, as against 124.99 million tonnes during the corresponding period of...

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Makemytrip Introduces Microsoft Ai To Make Travel More Inclusive, Accessible

New Delhi, May 8 : Leading online travel company MakeMyTrip on Monday said it has collaborated with Microsoft to make travel planning more inclusive and accessible by introducing voice assisted...

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Pakistan Unlikely To Get Imf Loan Anytime Soon

Islamabad, May 8 : It seems that Pakistan may not get the crucial tranche from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) anytime soon, as the...

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Pakistan Unlikely To Get Imf Loan Anytime Soon

Islamabad, May 8 : It seems that Pakistan may not get the crucial tranche from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) anytime soon, as the...

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Eogepl Invests In Microbial Ecbm Technology To Boost Cbm Production

New Delhi, May 8 : Essar Oil and Gas Exploration and Production Ltd (EOGEPL), India’s pioneering unconventional hydrocarbon (Coal Bed Methane) player, Monday announced its investment in Microbial eCBM technology...

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Sugar Prices Rise As Output Likely To Be 9% Lower Than Last Year (lead, Correcting Paras 3, 4)

By Animesh SinghNew Delhi, May 7 : With sugar production expected to be 9 per cent lesser than last year, prices of the sweetener have already started rising, as they...

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Sugar Prices Rise As Output Likely To Be 9% Lower Than Last Year

By Animesh SinghNew Delhi, May 7 : With sugar production expected to be 9 per cent lesser than last year, prices of the sweetener have already started rising, as they...

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Sitharaman To Hold Fsdc Meeting On May 8 To Review Economy

New Delhi, May 7 : Finance Minister Nirmala Sitharaman on Monday is likely to hold a meeting to review the status of the economy, sources in the know of things...

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Musk Credits Father For Teaching \'physics, Engineering & Construction\'

New Delhi, May 7 : Billionaire Elon Musk on Sunday credited his father for teaching fundamentals of “physics, engineering and construction”. The world’s second richest man said that the teaching...

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Go Airlines To Evaluate Legal Options To Attach Pratt & Whitney India Assets, Insolvency Plea Not For Loan Waiver: Ceo

By Venkatachari JagannathanChennai, May 7 : The Wadia group’s low cost airline Go Airlines (India) Limited will look at all legal options, including that of freezing/attaching the Indian assets of...

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Expect Sideways Movement With Focus On Smallcap And Midcap Space

By Arun KejriwalThe week gone by had four trading sessions, but it had plenty of action and behaved on expected lines.It began positively, went sideways, gained and then crashed.At the...

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Compulsory Hallmarking Of Gold Bullion Not Mandatory From July 1, Consultations On

By Animesh SinghNew Delhi, May 7 : The compulsory hallmarking of gold bullion is not going to become mandatory from July 1 as the Centre has only begun consultations with...

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Apple, Samsung Capture 58% Of Global Tablet Market

New Delhi, May 7 : Apple, followed by Samsung, led the global tablet market in the first quarter of 2023, together making up nearly 58 per cent of the market...

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No Fema Violations Found So Far After Ed Searches At Byju\'s

New Delhi, May 7 : The initial investigation after the recent searches at BYJU’S have so far found no Foreign Exchange Management Act (FEMA) violations by the edtech firm, according...

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Lithium Reserves In Raj Raise Hopes Of Reduced Dependence On China

By Archana SharmaJaipur, May 7 : If officials in Rajasthan government are to be believed, Lithium reserves have been traced in Degana (Nagaur) of Rajasthan. The Geological Survey of India...

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Up To Tweak Policy For Beer Retailers

Lucknow, May 7 : The Uttar Pradesh government is planning to amend its excise policy to rule out confusion and doubts among beer retailers regarding revenue targets. The department has...

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Insolvency Petition A Ruse For Loan Write-offs? Major Bank Union To Oppose Go Airlines\' Write-offs

By Venkatachari JagannathanChennai, May 6 : The All India Bank Employees’ Association (AIBEA) will oppose banks writing off a part of their loans to Wadia group’s Go Airlines (India) Ltd...

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Sk Innovation Q1 Profit Drops 77%, Paints Rosy Picture For Battery Biz

Seoul, May 6 : SK Innovation reported a 77.3 per cent on-year drop in the first-quarter operating profit due mainly to falling oil prices, while forecasting improvement in profitability for...

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Microsoft Adds Animated Backgrounds In Teams Meeting

San Francisco, May 6 : Microsoft has announced that it has created a new and large collection of animated backgrounds (or virtual backgrounds) for Teams that have started rolling out...

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Go Airlines\' \'may Day\' Call Puts Lenders In A Spot

By Venkatachari JagannathanChennai, May 6 : Was the ‘May Day’ call by the Wadia group’s low cost airline on May 2 while voluntarily landing in the National Company Law Tribunal...

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Over Half Of Twitter Blue\'s Earliest Subscribers Not Paying Anymore

New Delhi, May 6 : In some shocking news for Elon Musk, more than half of the earliest subscribers of Twitter Blue who paid $8 a month are no longer...

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Air India To Get Ready To Go Pilots From Go Airlines

Chennai, May 6 : For the pilots of Go Airlines (India) Ltd, it seems their employer is a “no go airline” and the race is on as to who will...

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As Dedollarisation Picks Up Steam, It Will Have Positive Cascading Effect On Rupee

By Arun KejriwalIndia has traditionally traded with the global community in US Dollars and a basket of currencies.Against the basket we have done well and have appreciated against the British...

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Wireless Audio Solution Provider \'audio Pro\' Enters Indian Market

New Delhi, May 6 : Sweden-based wireless audio solution provider Audio Pro has announced its entry into the Indian market and said that it aims to provide outstanding quality products...

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Amara Raja Begins Work On Li-ion Giga Plant In Telangana

Hyderabad, May 6 : Amara Raja Batteries Limited, one of India’s leading industrial and automotive battery majors, on Saturday commenced work on lithium ion battery manufacturing Giga plant in Telangana...

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Shoot And Scoot Policy By Go Airlines And Pratt & Whitney

By Venkatachari JagannathanChennai, May 6 : Shoot and scoot seems to be the communication policy being adopted by the two warring groups in the aviation sector – Indias Go Airlines...

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Rapid Continues Downsizing Efforts, Lays Off Additional 70 Workers

San Francisco, May 6 : The US-based startup Rapid (previously known as RapidAPI), which built out an API (Application Programming Interface) marketplace, has laid off another 70 employees less than...

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Freezing Of Russian Central Bank Assets A Turning Point For Dollar\'s Dominance

New Delhi, May 6 : Following the invasion in Ukraine, many argued that the freezing of Russian Central Banks assets was a turning point for the dollars dominance, says Maria...

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Buoyant Ruble-yuan Trade Between China, Russia Drives Dedollarisation

New Delhi, May 6 : Against the backdrop of Russia cutting its usage of the US dollar, the Chinese yuan and Russian ruble are now the most used currencies in...

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Us Sees Dollar Bruised Around The World, But Not Beaten

By Yashwant RajWashington, May 6 : Just days after US Secretary of Treasury Janet Yellen acknowledged that the use of sanctions ran the risk of undermining the “hegemony” of the...

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Dollar\'s Rule Facing Many Mutinies, A Likely Credible One From Brics

By Arul LouisUnited Nations, May 6 : The dollar that has ruled the world at least since the end of World War II is now facing mutinies because of the...

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Experts Pitch For Brics Sovereign Ratings Agency To Counter West\'s Big 3

By Venkatachari JagannathanChennai, May 6 : The sovereign rating by a global credit rating agency has a say in currency transactions, and a downgrade will affect the nation’s currency, said...

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Paytm Boosts Merchant Payments Leadership With 71 Lakh Devices, Gmv Grows 34% In April

New Delhi, May 6 : India’s leading payments and financial services company Paytm on Saturday said it has achieved a new milestone in offline payments with 71 lakh devices deployed,...

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Stocks Selected By Chatgpt Far Outperform Uk Fund Managers

London, May 6 : A basket of stocks selected by ChatGPT, a chatbot powered by Artificial Intelligence (AI), has far outperformed some of the most popular investment funds in the...

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Vietnam\'s Seafood Exports Feel The Pinch Of Global Slowdown

Hanoi, May 6 : The value of Vietnamese seafood exports slumped 28 per cent in April from a year earlier to $810 million due to weakening demand from key markets,...

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Vietnam\'s Central Bank Buys $6 Bn To Shore Up Reserves

Hanoi, May 6 : Vietnam’s central bank has bought around $6 billion since the beginning of the year to boost its foreign exchange reserves, the Vietnam Banks Association’s newspaper reported...

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Us Adds 253,000 Jobs In April, Surpasses Expectations

Washington, May 6 : The US added 253,000 new jobs for the month of April, according to data published by the Bureau of Labor Statistics. US wages grew considerably, a...

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Gujarat Chamber Urges Sitharaman To Waive Off Pending Igst Interest

Ahmedabad, May 5 : The Gujarat Chamber of Commerce & Industry (GCCI) on Friday requested Union Finance Nirmala Sitharaman to waive off interest and penalty for Integrated Goods and Services...

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Paytm Logs Rs 7,990 Cr Revenue In Fy23, Becomes India\'s Highest Earning New-age Firm

New Delhi, May 5 : Leading payments and financial services company Paytm on Friday announced an impressive growth in its fourth quarter of FY23, ending the financial year on a...

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India\'s Foreign Exchange Reserves Rise To $588.78 Billion

New Delhi, May 5 : India’s foreign exchange reserves increased marginally by $4.53 billion to $588.78 billion during the week ending April 28, according to Reserve Bank of India data...

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Coal Ministry Aims To Complete 67 First Mile Projects By 2027

New Delhi, May 5 : As many as 67 first mile connectivity (FMC) – for transportation of coal from pitheads to dispatch points – projects have been taken by the...

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Lupin Announces Acquisition Of French Pharma Company Medisol

New Delhi, May 5 : Global pharma major Lupin Limited on Friday announced that it has entered into a definitive agreement to acquire the entire share capital of French pharmaceutical...

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Microsoft Updates Photos App In Windows 11 With New Features

San Francisco, May 5 : Microsoft has started rolling out an update to the Photos app in Windows 11 which includes a broad set of new features, improvements, and fixes...

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Homegrown Edtech Startup Teachmint Lays Off Over 70 Employees

New Delhi, May 5 : Another homegrown edtech startup Teachmint has laid off over 70 employees, its second round of job cuts after sacking about 45 workers some five months...

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Us Regional Bank Shares Rally In Pre-market Trade

London, May 5 : Shares in US regional banks are rising in pre-market trading, amid calls for a ban on short-selling to calm the crisis gripping the sector, media reports...

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Indian Art Market Makes Turnover Of $144.3 Mn In Fy 2023: Report

New Delhi, May 5 : The Indian art market has clocking in a mammoth turnover of $144.3 million through the sale of 3,833 works in FY23, according to a report...

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Discord Updates Its Username System, Removes 4-digit Suffix

San Francisco, May 5 : Popular chatting platform Discord has updated its username system to make it easier for users to connect with their friends and to give them more...

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Cloud, Big Data & Ai Sectors Continue Hiring Trend In Q1 2023: Report

New Delhi, May 5 : Amid a continuous decline in job postings, hiring trends remain upbeat in the sectors related to Cloud, Artificial Intelligence (AI), and Big Data, according to...

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5g Smartphone Shipments Grow 14% In India In Q1 2023: Report

New Delhi, May 5 : The 5G smartphone shipments grew 14 per cent (year-on-year) in India in the first quarter (Q1) 2023, with 5G smartphone shipment share increased to 41...

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5g Smartphone Shipments Grow 14% In India In Q1 2023: Report

New Delhi, May 5 : The 5G smartphone shipments grew 14 per cent (year-on-year) in India in the first quarter (Q1) 2023, with 5G smartphone shipment share increased to 41...

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Hyundai Leapfrogs In Customer Safety By Standardising 3-point Seatbelt, Safety Reminder For All Seats Across Lineup

Gurugram, May 5 : Hyundai Motor India Limited (HMIL), Indias first smart mobility solutions provider and largest exporter since inception, announced the standardisation of 3-point seatbelt and seat belt reminder...

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Apple, Samsung Capture 96% Of Global Smartphone Operating Profits

New Delhi, May 5 : Apple and Samsung remain the most profitable brands, together capturing 96 per cent of global smartphone operating profits, a report showed on Friday. Samsung replaced...

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3 Out Of 4 Smartphone Users In India Suffering From Nomophobia: Study

New Delhi, May 5 : Three out of four people in India have Nomophobia, the fear of being detached from their smartphone, a report by global smart device brand OPPO...

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Icra Downgrades Ratings Of Shapoorji Pallonji

New Delhi, May 5 : ICRA has downgraded the ratings of Shapoorji Pallonji and Company to BBB+ from A- and placed it on rating watch with developing implications. The downgrade...

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Iphone Sales Set New March Quarter Record At $51.3 Bn: Tim Cook

New Delhi, May 5 : Apple sold iPhones worth $51.3 billion in its March quarter, a record for the company, and iPhone 14 and 14 plus continued to delight users...

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Meesho Lays Off 251 Employees To \'achieve Sustained Profitability\'

New Delhi, May 5 : Homegrown social commerce platform Meesho on Friday said it has laid off 251 employees, constituting 15 per cent of the workforce, in order to “achieve...

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Big Tech Has Moral, Legal Responsibility To Develop Ethical Ai: Kamala Harris

San Francisco, May 5 : US Vice President Kamala Harris has told top Big Tech CEOs, including Microsoft Chairman and CEO Satya Nadella, Alphabet and Google CEO Sundar Pichai and...

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Accenture Rejigs Top India Leadership, Chairperson Rekha Menon To Retire

New Delhi, May 5 : Accenture on Friday announced new appointments to its leadership team in India, saying that Rekha M.Menon, Senior Managing Director and Chairperson for Accenture in India,...

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Shopify Lays Off 20% Of Its Workforce, Sells Logistics Biz

New Delhi, May 5 : E-commerce platform Shopify has announced to lay off 20 per cent of its workforce which will impact more than 2,000 people. The company also announced...

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Apple Set Quarterly Record In India, Country At A Tipping Point: Tim Cook

New Delhi, May 5 : Apple set a quarterly record in the January-March period in India and grew very strong, in double digits year-over-year, said Tim Cook, the company’s CEO...

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Lufthansa Grounds Subsidiary\'s Airbus Fleet Due To Supply Challenges

Berlin, May 5 : Global aviation major Lufthansa has said that it has grounded one-third of Swiss’ Airbus A220 fleet amid supply-side challenges, which it saw as having more of...

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Land Port In Meghalaya Along India-b\'desh Border To Boost Trade, Tourism

Shillong, May 4 : Union Minister of State for Home Affairs, Nityanand Rai, on Thursday inaugurated a land port at Dawki in Meghalaya along the Bangladesh border to boost trade...

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National Medical Devices Policy Should Benefit Consumers: Aimed

Chennai, May 4 : The National Medical Devices Policy should benefit the ultimate consumer in terms of lower prices by capping the maximum retail prices (MRP) of the devices, a...

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Decide By June 1 On Maintenance Of The Sterlite Copper Plant, Sc To Tn

New Delhi, May 4 : The Supreme Court on Thursday asked Tamil Nadu to take appropriate steps before June 1, to ensure implementation of its earlier order in connection with...

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Major Jump In Indian Investments In Us, Says Report

Yashwant RajWashington, May 4 : Investments by Indian companies in the US have almost doubled since 2020, says a seventh edition of an annual report put together by the Confederation...

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Another Us Regional Bank First Horizon\'s Stock Tumbles After Merger Collapses

New York, May 4 : First Horizon and TD Bank have called off a $13 billion deal that would have formed Americas sixth-largest bank, adding to the turmoil sweeping the...

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Govt Asks Edible Oil Industry To Pass On Benefits Of Reduced Prices To Consumers

New Delhi, May 4 : The government on Thursday directed the edible oil industry to pass on to consumers, the benefits of low prices, with immediate effect. In a meeting...

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Tata Electronics To Become A Key Apple Player After Wistron\'s Iphone Plant Acquisition

New Delhi, May 4 : As Apple doubles down on local manufacturing in India, Taiwan-based iPhone manufacturer Wistron is reportedly winding up its operations in the country and Tata Electronics...

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Adb Plenary Meeting Discusses Lending-related Issues

New Delhi, May 4 : Indian Finance Minister Nirmala Sitharaman on Thursday sought guidance on issues like risk appetite, hybrid capital and shareholder guarantees, which the ADB has been examining...

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Nclt Reserves Order On Go First\'s Insolvency Plea, Crew Stranded At Various Locations As Flights Suspended

New Delhi, May 4 : The National Company Law Tribunal (NCLT) on Thursday reserved its order on the cash-strapped airline Go First’s plea seeking voluntary insolvency resolution proceedings. A two-member...

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Supreme Court Stays Fir Proceedings Against Indiabulls Housing

Chennai, May 4 : In a major relief to housing finance company Indiabulls Housing Finance Ltd, the Supreme Court has stayed the proceedings in the three first information reports (FIR)...

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Passengers Left In Lurch In Jaipur After Cancellation Of Go First Flights

Jaipur, May 4 : Like all other airports in the country, the Jaipur airport is also facing the impact after Wadia group-owned Go First airline suspended all its flights for...

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Sitharaman Meets S Korean Deputy Pm, Seeks Investment In Manufacturing, Re Sectors

New Delhi, May 4 : Finance Minister Nirmala Sitharaman on Thursday exhorted South Korea to invest in India as she highlighted the country’s enabling policy framework for electric vehicles and...

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Zoho Introduces \'ulaa\' Web Browser With Focus On Users\' Privacy

New Delhi, May 4 : Zoho Corporation on Thursday launched Ulaa, a privacy-centered browser with pre-built capabilities that universally block tracking and website surveillance to safeguard users’ personal data. The...

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Youtube Most Popular Platform For Indian Language News Consumers: Report

New Delhi, May 4 : Google-owned YouTube is the most popular platform for Indian language digital news consumers, with a whopping 93 per cent using it to access news, a...

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81% Firms Facing Shortage In \'power\' Tech Skills Globally In Ai Era

New Delhi, May 4 : About 81 per cent organizations globally are encountering a shortage in “power user or developer” tech skills, a report showed on Thursday, as the enterprises...

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Hiring For More Than Rs 50 Lakh Per Annum Jobs In Indian Startups Down By 80%

New Delhi, May 4 : Hiring in senior roles at Indian startups (CTC greater than 50 lakh per annum) went down by around 80 per cent across new-age tech platforms...

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Indian Bourses End On A Positive Note On Thursday

Chennai, May 4 : The two Indian stock markets – the BSE and the NSE – ended on higher note on Thursday and the trend is expected to continue, experts...

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Indian Startups Must Boost Corporate Governance, Set Norms For G20 Nations: Amitabh Kant

New Delhi, May 4 : Indian startups must give priority to good governance and financial management and create new benchmarks not only for India but also for other G20 nations,...

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Goods Vehicles With National Permits Not To Provide Intrastate Services In Bengal

Kolkata, May 4 : Good vehicles with national permits will no longer be allowed to provide intrastate services in West Bengal in the coming days, the state transport department has...

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5g Smartphone Share Up 45% In India As High-end 4g Devices Vacate Space

New Delhi, May 4 : 5G smartphone share increased to 45 per cent in India in the March quarter, up from 31 per cent in the same period last year,...

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Gold At Record High, To Give Investors 10-15% Returns In Fy24: Experts

Chennai, May 4 : Gold on Thursday hit record high of Rs.61,498/10 grams and is expected to go up further to give 10-15 per cent returns in FY24 for investors,...

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Moderna Ceo Criticised For Making 12,000x Of A Minimum Wage Worker In 2022

New York, May 4 : Moderna CEO has drawn criticism for making more than 12,000 times of what a minimum wage worker made in 2022. In 2022, CEO Stephane Bancel...

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Samsung Aims 2x Growth In Qled Tv Biz In India, Launches Ultra-premium Lineup

New Delhi, May 4 : Samsung on Thursday said that it expects its QLED TV business to grow by two times in India this year, as the company launched ultra-premium...

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Unknown Indian Company Shipping Millions Of Barrels Of Russian Oil

London, May 4 : From the rundown Neptune Magnet Mall in Mumbai, a giant of international oil shipping has emerged over the past 18 months, seemingly from nowhere.Since Russia invaded...

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India To Become 50% Non-cash Economy In Consumption In 3 Years

New Delhi, May 4 : India is expected to become a 50 per cent non-cash economy in consumption in the next three years, with person-to-merchant digital transactions reaching over $1.5...

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Cybersecurity Firm Bishop Fox Lays Off 13% Of Workforce

San Francisco, May 4 : US-based cybersecurity firm Bishop Fox has laid off 13 per cent of its workforce, or around 50 employees, the media reported. The job cuts come...

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Nirmala Sitharaman Underlines Need For Robust Adb

New Delhi, May 4 : Finance minister Nirmala Sitharaman on Thursdaystressed on the need for a robust Asian Development Bank (ADB) that adopts a transformational rather than incremental approach for...

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Credit Suisse Asks Reliance Capital Administrator Not To Proceed With Resolution Till Adjudication Of Claim

New Delhi, May 4 : Credit Suisse AG has written to the administrator of Reliance Capital, Nageswara Rao Y not to proceed with discussion on the resolution plan till the...

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Asian Investors Sue Switzerland Over Credit Suisse Collapse

Singapore, May 4 : Asian investors have joined a series of landmark international lawsuits being filed against the Swiss government over its handling of the takeover of troubled bank Credit...

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Rolling Out 5g Fwa Across India With Reliance Jio: Qualcomm Ceo

New Delhi, May 4 : Qualcomm is rolling out 5G fixed wireless access (FWA) in collaboration with Reliance Jio to serve millions of residents in India, the chip-maker’s President and...

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Sitharaman Congratulates Ajay Banga On Becoming World Bank President

New Delhi, May 4 : Union Finance Minister Nirmala Sitharaman on Thursday congratulated Ajay Banga, the former Indian-American head of Mastercard, on becoming the World Bank president. “Hearty congratulations Ajay...

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It Major Cognizant To Lay Off 3,500 Employees, Reduce Office Spaces

New Delhi, May 4 : IT major Cognizant on Thursday said it will lay off 3,500 employees, or approximately 1 per cent of its workforce (mainly non-billable), as it sees...

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Video Game Company Unity Software To Lay Off 600 Employees

San Francisco, May 4 : The video game software developer Unity Software has announced to lay off nearly 600 employees, or 8 per cent of its workforce, in order to...

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Blusmart Mobility Raises $42 Mn To Boost Its Ev Operations In India

New Delhi, May 4 : Leading EV ride-hailing and charging provider BluSmart Mobility on Thursday said it has raised $42 million in the recent round and will continue to build...

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\'border Haats\' In Tripura Along India-b\'desh Border To Reopen After 3 Yrs

By Sujit ChakrabortyAgartala, May 3 : After three years of closure, one of the two ‘Border Haats’ (markets) in Tripura along India-Bangladesh border will resume trading from May 9, officials...

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Indian-origin Ajay Banga Becomes 14th President Of World Bank

By Yashwant RajWashington, May 3 : Ajay Banga, an Indian-origin American, was on Wednesday selected as the President of the World Bank by its executive directors for a five-year term...

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Google Rolls Out Passkeys To Sign In To Apps, Websites

New Delhi, May 3 : Google on Wednesday announced it has started rolling out support for passkeys across Google accounts on all major platforms, marking the beginning of the end...

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Is Us Heading For A Monetary Crisis That Could Rattle Global Financial Markets?

By T.N.AshokWashington, May 3 : As Democrats worry if any default on interest payments by the US government on its securities would lead to a global monetary crisis plus a...

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Nclt To Hear Go First\'s Insolvency Plea On Thursday

New Delhi, May 3 : The National Company Law Tribunal (NCLT) will hear cash-strapped carrier Go First’s insolvency plea on Thursday (May 4). On Tuesday, the airline had said that...

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Odisha Cm Launches Selling Of Air Tickets For Singapore, Bangkok

Bhubaneswar, May 3 : Odisha Chief Minister Naveen Patnaik on Wednesday opened air ticketing to Singapore and Bangkok, facilitating the state’s residents to travel to these south-east Asian cities at...

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Go First Passengers Create Ruckus At Patna Airport Over Suspension Of Flights

Patna, May 3 : Passengers of Go First created a ruckus at the Patna airport on Wednesday after the Wadia group-owned airline suspended all its flight for three days from...

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\'won\'t Allow Oil & Gas Exploration In Nagaland\', Says Nscn-im

Kohima, May 3 : Naga outfit NSCN-IM on Wednesday said that it would not allow any exploration of oil and natural gas in Naga territories until “honourable political settlement” of...

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London-based Firm Nothing To Release Its Phone (2)

New Delhi, May 3 : London-based consumer electronics company Nothing on Wednesday announced that the company will be releasing the Phone (2) this British summer. The company said that the...

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Infra, Investment, Innovation & Inclusivity Key Elements For Long-term Growth: Sitharaman

New Delhi, May 3 : Finance Minister Nirmala Sitharaman on Wednesday said that infrastructure, investment, innovation and inclusivity are essential for long-term sustainable growth for both advanced and developing economies....

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Achieving Net Zero Target By 2070 Would Need Reduction In Energy Intensity: Rbi Report

New Delhi, May 3 : India’s goal of achieving the net zero target by 2070 would require an accelerated reduction in the energy intensity of GDP by around 5 per...

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Mrf Rolls In A Net Profit Of Rs 768.96cr In Fy23

Chennai, May 3 : Automobile tyre major MRF Ltd closed FY23 with a total income of Rs 23,261.17 crore, a consolidated net profit of Rs 768.96 crore. The company said...

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Global Edtech Firms\' Shares Tumble After Chegg\'s Warning Over Chatgpt

New Delhi, May 3 : The global edtech sector went through a mayhem after US-based online education service Chegg admitted AI chatbot ChatGPT has affected its finances, sounding a warning...

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Axis Bank Says No Exposure To Go Airlines; Other Lenders To Be Affected

Chennai, May 3 : The voluntary bankruptcy petition filed by the Wadia gorups low cost airline Go Airlines (India) Ltd will be impacting its lenders, i.e., banks. However, private lender...

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Postal Department Derecognises 2 Employees Unions, Denies Move To Privatise Post Offices

New Delhi, May 3 : Department of Posts has withdrawn the recognition of All India Postal Employees Union Group ‘C’ and National Federation of Postal Employees (NFPE) with effect from...

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Postal Department Derecognises 2 Employees Unions, Denies Move To Privatise Post Offices

New Delhi, May 3 : Department of Posts has withdrawn the recognition of All India Postal Employees Union Group ‘C’ and National Federation of Postal Employees (NFPE) with effect from...

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Mobikwik\'s Revenue Grows To Rs 560 Cr In Fy23, Gears Up For 2x Growth

New Delhi, May 3 : Digital banking platform MobiKwik on Wednesday said it clocked Rs 560 crore in revenue in the financial year 2022-23 and became profitable from the fourth...

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Auditor Acting In A Fraudulent Manner Very Serious Misconduct: Sc

By Sumit SaxenaNew Delhi, May 3 : In a setback to international auditors firms Deloitte and KPMG-affiliate BSR Associates, the Supreme Court on Wednesday set aside a Bombay High Court...

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Australia\'s Ai Radiology Company Annalise.ai Enters India

Chennai, May 3 : Australia’s Annalise.ai, an artificial intelligence (AI) radiology company has entered India with its first centre here, the company said. Annalise.ai combines imaging data with the best...

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Coal Ministry Aims To Produce 1,012 Million Tonnes Of Dry Fuel In 2023-24

New Delhi, May 3 : Coal ministry aims to produce 1,012 million tonnes of dry fuel in the current financial year. According to the action plan prepared by the ministry,...

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Promising Startups Still Have Reason To Cheer Amid Funding Winter

New Delhi, May 3 : As global VC deals took a major hit in the first quarter of this year, investors are still willing to place big bets on promising...

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India\'s Coal Production Rises 15% To 893 Mn Tonnes In 2022-23

New Delhi, May 3 : India’s overall coal production stood at 893.08 million tonnes in 2022-23 as compared to 778.19 in 2021-22, showing a growth of 14.78 per cent. Government...

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Marketing Hype By E-cigarette, Alcohol Industries Top Factor In Mainstreaming Intoxication As Cool & Socially Acceptable: Experts

New Delhi, May 3 : National experts from the fields of policy, psychology, social sciences and medical fraternity have raised the issue of drug abuse as a problem waiting to...

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Paytm Travel Carnival Offers Exciting Discounts On Flights, Buses, Trains

New Delhi, May 3 : One97 Communications Limited (OCL), that owns India’s leading payments and financial services company Paytm, on Wednesday announced ‘Paytm Travel Carnival’ from May 1-5. With this...

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Disbursed Over Rs 31 Cr In Claims To Delivery Partners In Fy22-23: Swiggy

New Delhi, May 3 : Online food delivery platform Swiggy on Wednesday said it disbursed more than Rs 31 crore in claim amounts to its delivery partners in the fiscal...

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48% Of Businesses In India At Low Levels Of Digital Maturity: Report

New Delhi, May 3 : Nearly half (48 per cent) of businesses in India are at low levels of digital maturity, a new report said on Wednesday. According to global...

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Bitcoin Trading Volume Tanked Nearly $700 Bn In April

New Delhi, May 3 : Bitcoin trading volume sank by almost $700 billion in April, historically seen as one of the strongest months for Bitcoin and other cryptocurrencies, bringing the...

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Wall Street Bank Morgan Stanley Plans To Cut Another 3,000 Jobs

New York, May 3 : Morgan Stanley is planning another round of layoffs that would wipe out approximately 3,000 jobs,. The job cuts would mark the second round of layoffs...

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While Most Global Equity Markets Are Rising 5-20% In 2023, India Is Flat

New Delhi, May 3 : The Nifty, after a weak run in the last four months, bounced back in April with 4.1 per cent MoM gain, Motilal Oswal Financial Services...

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Twitter Lets Emergency, Transport Agencies To Access Its Api For Free

New Delhi, May 3 : Twitter on Wednesday backtracked on its decision to put its application programming interface (API) behind a paywall, and will allow emergency and transportation service providers...

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