Business
-
RBI slaps fines of Rs 10.34 cr on Citibank, BoB, IOB for breach of norms
Mumbai: The RBI on Friday slapped penalties totalling Rs 10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for the breach of banking norms. A fine of Rs 5 crore…
-
Kakao Mobility to expand ride-hailing service to 5 more countries
Seoul: Kakao Mobility, the operator of the ride hailing platform Kakao T, said on Friday it will launch its service in five more countries next week as part of efforts to expand…
-
Uber rolls out ‘Pro’ rewards programme for drivers in 12 cities
New Delhi: Ride-hailing platform Uber on Friday launched ‘Uber Pro’, a rewards programme inspired by drivers and designed to help them reach their goals both on and off the road, in 12…
-
Nifty depressed by poor performance of banks
New Delhi: The dominant trend in the market this year is the huge outperformance of the mid and small caps, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. While Nifty…
-
Banks, RBI keeping close watch to tackle cyber fraud: Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman on Thursday said that while government institutions, banks and insurance companies were building greater awareness over cyber fraud, there was a need for people also…
-
Bankrupt crypto platform Genesis sues crypto exchange Gemini to recover $689 mn
San Francisco: Bankrupt crypto lending platform Genesis has sued cryptocurrency exchange Gemini to recover $689 million. Genesis alleges that Gemini, owned by the Winklevoss twins, made “significant withdrawals” before Genesis filed for…
-
Uber to run buses in Kolkata jointly with Bengal transport dept
Kolkata: Uber will now run buses in Kolkata jointly with the West Bengal transport department. A memorandum of understanding (MoU) in this regard was signed between Uber and the transport department here…
-
Hyundai’s US JV to produce autonomous taxi at Singapore innovation hub
Seoul: Hyundai Motor Group’s autonomous vehicle joint venture in the US plans to manufacture its self-driving electric vehicles in the group’s newly launched innovation hub in Singapore, the company said on Wednesday.…
-
Zomato, Swiggy slapped with Rs 500 crore GST notice each: Report
New Delhi: Online food delivery platforms Zomato and Swiggy have received GST notices worth Rs 500 crore each on delivery charges, media reports said on Wednesday. Both online food delivery platforms charge…
-
Global smartphone market back to YoY growth in Oct, breaks 27 months streak
New Delhi: The global monthly smartphone sell-through volumes grew 5 per cent (year-on-year), making October the first month to record year-on-year growth since June 2021 and breaking the streak of 27 consecutive…
-
AMD extends PyTorch Support to Radeon RX 7900 XT GPUs for AI developers
New Delhi: Chip-maker AMD on Wednesday extended PyTorch (a machine learning framework) and ROCm (open software platform) support to Radeon RX 7900 XT GPUs to bring even more options for artificial intelligence…
-
Epack Prefab commissions facility in Andhra Pradesh at investment of Rs 200 cr
New Delhi: Epack Prefab, a manufacturer of pre-engineered structures, on Wednesday announced commissioning of its new facility in Andhra Pradesh set up with an investment of around Rs 200 crore. Spread over…
-
Small cap stocks come under selling pressure
New Delhi: Selling is being witnessed in small cap stocks with the indices falling more than the benchmark indices on Wednesday. BSE Small Cap Select Index is down 1 per cent in…
-
Karnataka govt signs MoU with TKM for Rs 3,300cr investment
Bengaluru: The Karnataka government on Tuesday signed a memorandum of understanding (MoU) with automobile major Toyota Kirloskar Motor (TKM), an Indian subsidiary of Japan’s Toyota Motor Corporation for further expansion of its…
-
Microsoft offers OpenAI employees to match their compensation
San Francisco: Microsoft on Tuesday said it will match OpenAI’s compensation to employees who want to join Sam Altman’s new advanced AI research lab at Satya Nadella-run tech giant. Microsoft Chief Technology…
