- Business
IPO-bound Swiggy’s losses widen to Rs 4,179 cr in FY23, revenue up 45%
New Delhi: Online food delivery platform Swiggy’s net losses expanded to reach Rs 4,179 crore in the financial year ended March 31, 2023. The IPO-bound Swiggy’s operating revenue jumped around 45 per…
- Bangalore
Tipu Sultan’s statue garlanded with slippers; Karnataka town tense
Raichur: Karnataka’s Sirwar town in Raichur District is tense following the violation of the statue of the erstwhile ruler of Mysuru, Tipu Sultan on Wednesday. Some miscreants garlanded the statue of Tipu…
- India
SC upholds conviction of ex-army man in contempt case
New Delhi: The Supreme Court has upheld the conviction of an advocate and a former army personnel who was handed over a three-month civil imprisonment and Rs 2000 fine by the Delhi…
- Business
Kore.ai raises $150 mn to drive AI-powered experiences for customers
New Delhi: Enterprise conversational and generative AI technology provider Kore.ai on Tuesday announced $150 million in funding led by FTV Capital, a sector-focused growth equity investor. The round also saw participation from…
- Business
Google posts $307 bn revenue in 2023, spent billions of dollars to lay people off
San Francisco: Google, which spent $2.1 billion on severance and other expenses as it laid off more than 12,000 employees last year, will spend another $700 million on employee severance charges for…
- Business
PayPal laying off about 2,500 employees to ‘right-size’ the company
New Delhi: Online payment gateway PayPal has kicked off layoffs that will affect at least 9 per cent of its workforce — about 2,500 employees. According to verified PayPal professionals on anonymous…
- Business
Centre slashes import duty on mobile phone parts to 10%
New Delhi: In a bid to further boost mobile manufacturing in the country, the government has slashed import duty on parts used for manufacturing of mobile phones to 10 per cent from…
- News
Jack Dorsey’s fintech firm Block lays off nearly 1,000 employees
San Francisco: Jack Dorsey’s financial services company Block is laying off close to 1,000 employees, which will affect staff in the Cash App, Afterpay and Square subsidiaries of the company. About 1,000…
- Business
Microsoft posts 33% increase in net income, gaming bet pays off
San Francisco: Microsoft posted $62 billion in revenue and a net income of $21.9 billion during the quarter that ended December 31. Revenue was up 18 per cent and net income increased…
- Business
Elon Musk’s $56 bn pay package is unfair, deeply flawed: US judge
San Francisco: A US judge has ruled that Elon Musk’s $56 billion pay package is unfair and the Tesla board will need to come up with a new pay proposal. The decision,…
- India
Zoom airline returns to Indian skies, launches services to Ayodhya
New Delhi: Reviving its operations, the domestic carrier Zoom airline started its operations with flight services from Delhi to Ayodhya on Wednesday. The airline deployed its fleet of Bombardier CRJ200ER aircraft for…
- World
Indian national sentenced for nearly $2.8mn healthcare fraud in US
New York: A 43-year-old Indian national in the US state of Michigan has been sentenced to nine years in prison for orchestrating a nearly $2.8 million healthcare fraud. Yogesh K Pancholi from…
- Middle East
Hezbollah could attack Israeli city of Haifa, says Yoav Gallant
Tel Aviv: Israel Defence Minister Yoav Gallant, widely considered a hawk in the Israeli war cabinet, has said that terror group Hezbollah could attack the northern Israel city of Haifa. In a…
- World
Sweden suspends funding to UN agency for Palestinian refugees
Stockholm: Sweden has said it has temporarily halted funding for the United Nations agency for Palestinian refugees following Israel’s allegations that its staff participated in the Hamas’s attack on southern Israel on…
- Middle East
UN launches Rs 13,296 crore humanitarian plan for Somalia
United Nations: The UN has launched the 2024 Humanitarian Needs and Response Plan, seeking 1.6 billion dollars (Rs 1,32,96,40,00,000) to aid 5.2 million Somalians in need, a spokesman said. The world body…
