Business
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L&T shares slump over 4% on lower than expected margins
New Delhi: Larsen & Toubro shares slumped over 4 percent on Wednesday after the company missed profit estimates due to lower than expected margins. L&T shares were down 4.4 percent at Rs…
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‘Made in India’ Samsung Galaxy S24 series goes on sale
New Delhi: Samsung on Wednesday announced that its recently launched flagship smartphone series — Galaxy S24, is now available to buy in India. The ’Made in India’ Galaxy S24 series comes with…
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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…
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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…
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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…
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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…
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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…
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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…
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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,…
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Fidelity further marks down Meesho valuation to $3.5 bn
New Delhi: Global investment firm Fidelity has further marked down the value of its holding in social commerce platform Meesho, to $3.5 billion. Fidelity had recently cut the valuation of Meesho to…
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Fever FM to shut down due to ‘evolving trends’ in media, may come in new avatar
New Delhi: HT Media Group-owned radio station Fever FM on Tuesday announced to shut down its operations due to “evolving trends” in the media industry. According to sources, this appears to be…
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Apple’s upcoming iOS 18 tipped to be ‘biggest’ update in iPhone history
New Delhi: Apple’s upcoming iOS 18 software update, which is expected to be announced at the company’s annual WWDC event in June, might be “the biggest” update in the company’s history, according…
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HP to introduce new AI-enabled Spectre laptops in India
New Delhi: PC and printer major HP is set to introduce its latest premium Spectre laptops in India, targeting the contemporary and modern users. According to sources, the price of the new…
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US authority fines Infosys $225 for violating short payment of tax
Bengaluru: The Nevada Department of Taxation in the US has been slapped a fine of $225 for alleged violation of short payment of modified business tax for two quarters. However, the company…
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1.14 lakh startups generate more than 12 lakh jobs in India: FinMin
New Delhi: More than 1.14 lakh startups in India have created over 12 lakh jobs so far, the Finance Ministry said in its latest review of the Indian economy. In the report…
