Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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Indian stock market multiplied 4 times compared to zero returns for China since 2010
Mumbai: The Chinese market’s underperformance has been stark for many years now, said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. In early 2010, the Shanghai composite index was around 3,000.…
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EaseMyTrip plans to build 5-star hotel in Ayodhya, triggers surge in share price
New Delhi: Travel agency EaseMyTrip has announced plans of building a luxury five-star hotel in Ayodhya near the Sri Ram Mandir which led to a surge in the company’s share price on…
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Hyundai’s accumulated sales set to reach 100 mn units in 2023
Seoul: South Korea’s top automaker Hyundai Motor is widely anticipated to reach accumulated shipments of 100 million units this year since its first sales in 1968, the company said on Monday. The…
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No Starlink terminal sold directly or indirectly to Russia: Musk
New Delhi: Tesla and SpeceX CEO Elon Musk on Monday said that no Starlink terminal has been sold directly or indirectly to Russia. He responded to reports that claimed that Russian forces…
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WhatsApp working on ‘favourite contacts filter’ feature for web
San Francisco: Meta-owned WhatsApp is reportedly working on a new ‘favourite contacts filter’ feature, allowing users to prioritise their conversations and offer greater control and efficiency in the messaging experience. The new…
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Deepfakes, GenAI amplifying romance scams in India, warn researchers
New Delhi: As Valentine’s Day approaches, cyber-security researchers on Monday said that romance scams are on the rise in India and 66 per cent of people in the country fell prey to…
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VC firm Hyderabad Angels to invest Rs 150 cr across 20 disruptive startups
New Delhi: Hyderabad Angels (HAF) on Monday launched its maiden venture capital fund, featuring an investable corpus of Rs 100 crore and an additional green-shoe option of Rs 50 crore. The Category…
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Google announces $27 mn funding to boost AI training for people in Europe
London: Google on Monday announced the 25 million euros ($26.98 million) funding from Google.org to support artificial intelligence (AI) training and skills for people across Europe, with a particular focus on vulnerable…
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Small, mid cap indices under selling pressure as markets extend losses
New Delhi: BSE Sensex is now down more than 300 points as the markets extended losses on Monday. BSE Sensex is now at 71,218.82 points, down 376.67 points or 0.53 per cent.…
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Surgical AR/VR poised for widespread adoption with Apple’s Vision Pro launch: Report
New Delhi: Surgical augmented reality and virtual reality (AR/VR) is anticipated to be a highly impactful innovation in the near term with widespread adoption, according to a report on Friday. This is…
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Meta will no longer recommend political content to users on Insta, Threads
New Delhi: Meta (formerly Facebook) has said that it will not proactively suggest political content to users by default on Instagram and Threads. Instagram boss Adam Mosseri announced the change in a…
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US announces over $5 bn investment in chip-related R&D, skill development
Washington: The Joe Biden-Kamala Harris administration has announced to invest over $5 billion in semiconductor-related research, development and workforce needs. The investment will empower the National Semiconductor Technology Center (NSTC), to advance…
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IPO-bound Ola Electric gets certification for 2nd e-scooter under govt’s PLI scheme
New Delhi: Bhavish Aggarwal-led Ola Electric has received certification for its S1 Pro (Gen-2) electric scooter under the government’s production-linked incentive (PLI) scheme for the automobile and auto component industry. Sources told…
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Cisco likely to slash thousands of jobs next week: Report
San Francisco: Global networking giant Cisco is reportedly geared up to lay off “thousands” of employees next week, as the company pivots to focus on “high-growth areas”. Cisco is expected to report…
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Fashiontech startup Blissclub lays off nearly 18% workforce to cut costs: Report
New Delhi: Direct-to-consumer (D2C) startup Blissclub has laid off nearly 21 employees, or 18 per cent of its workforce, to cut costs. However, the number of impacted employees at the fashion apparel…
