Business
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Adani loses spot on world’s top five billionaire list as net worth dips
India’s richest person Gautam Adani lost a spot on the list of the world’s top five billionaires after his net worth dipped by USD 20.1 billion today. On Friday, Adani group stocks…
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Spotify back after brief outage
San Francisco: Music streaming platform Spotify on Friday said that it has fixed the issue that affected its website and application. Spotify tweeted: “Everything’s looking much better now! Get in touch with…
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Global smartphone shipments suffer biggest fall in holiday quarter
New Delhi: Global smartphone shipments declined 18.3 per cent (year-over-year) to 300.3 million units in the holiday quarter of 2022, the largest-ever decline in a single quarter. According to an IDC report,…
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BharatPe losses swell in FY22 after change in fair value of CCPS
New Delhi: Fintech platform BharatPe suffered huge losses to the tune of Rs 5,610.7 crore in the financial year 2021-22, due to a one-time non-cash expense related to change in fair value…
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Microsoft, Qcells colab to curb carbon emissions, power clean energy economy
San Francisco: Tech giant Microsoft has announced that it has partnered with global solar leader Qcells to curb carbon emissions and power the clean energy economy. The “strategic alliance” aims to enable…
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US economy expands 2.9 percent in December quarter
Washington: Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022. In the third quarter, real GDP increased by 3.2 percent, according to…
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Tesla sales up 51% in 2022, net income doubles amid Musk’s Twitter saga
San Francisco: Despite a rocky takeover of Twitter which saw Tesla stock tumbling by over 60 per cent, Elon Musk-in Tesla made more money than ever in 2022, as total revenue grew…
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Oracle introduces new logistics capabilities to boost global supply chains
New Delhi: Cloud major Oracle is introducing new logistics capabilities within its Fusion Cloud Supply Chain and Manufacturing (SCM) offerings, that will help customers cut costs, improve accuracy and automate regulatory compliance.…
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FBI accuses N.Korean govt-backed hackers for $100 mn crypto heist
Washington: The Federal Bureau of Investigation (FBI) has accused a North Korean government-backed hacker group for a $100 million crypto heist last year. The cryptocurrencies were stolen from Harmony’s Horizon bridge, which…
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Microsoft Teams, Outlook suffer major outage in India
New Delhi: Microsoft’s Teams, Outlook and some other services went down in some parts of India on Wednesday as users reported facing several issues. As of now, 63 per cent of users…
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Microsoft logs slowest quarter growth in 6 years, PC sales nosedive
New Delhi: Microsoft has recorded its slowest sales growth in more than six years in its December quarter of 2022, as it took a $1.2 billion hit after laying off 10,000 people…
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US’s Hindenburg Research alleges fraud in Adani group’s dealings
Hindenburg Research, a well-known short seller in the United States, disclosed short positions in the Adani Group on Wednesday, accusing the conglomerate of the improperly wide use of businesses established in offshore…
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Hyderabad: Akasa Air to operate daily flights from Jan 25
Hyderabad: In view of business expansion, Akasa Air launched its 13th destination in the city and will be operating daily flights from the city beginning January 25. Its inaugural flight from Hyderabad…