Business
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Tractor industry sales down to 59,586 units in July 2022
Chennai: The Indian tractor industry sold 59,586 units last month down from 80,980 units sold during July 2021, said Tractor Junction, a digital marketplace for tractors and farm equipment. According to Tractor…
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Equity MF schemes experience sharp fall in July
Chennai: The month-on-month net inflows for equity mutual funds came down by 42.6 per cent to Rs 8,898.25 crore in July 2022, as per the figures released by the Association of Mutual…
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Binance ceases off-chain fund transfer with WazirX after ED raids
New Delhi: The world’s largest crypto exchange Binance, that disowned the Nischal Shetty-run crypto platform WazirX, on Monday said that it is removing the off-chain fund transfer channel between WazirX and Binance.…
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India may ban Chinese smartphones from under Rs 12K market: Report
New Delhi: The Indian government is reportedly planning to put curbs on China-based smartphone players from selling low-end smartphones (less that Rs 12,000) to give a much-needed boost to homegrown brands like…
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89% Indians wish to switch to 5G, most to change service provider to do so
New Delhi: As India gears up to usher in the 5G era, 89 percent of consumers wish to upgrade to 5G network in India while 48 percent would upgrade to 5G even…
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Ford India to sell its Gujarat plant for Rs 725.7 cr to Tatas
Chennai: In line with the earlier announcement, the Tata Passenger Electric Mobility Limited and Ford India Private Limited have inked the Unit Transfer Agreement for the acquisition of the latter’s plant in…
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Baidu bags first permits for fully driverless ‘robotaxis’ in China
Beijing: Chinese Internet giant Baidu on Monday said it will soon ply fully driverless taxis in Chongqing and Wuhan cities via its autonomous ride-hailing unit called Apollo Go, becoming the first company…
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5G roll out likely in a month: Centre
New Delhi: The country is likely to witness the roll out of the much awaited high speed 5G mobile services in about a month’s time. “In about a month, 5G mobile services…
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AWS, Intel empower govtech and edtech startups in India
Hyderabad: Amazon Web Services (AWS) and chip-maker Intel recently hosted the ‘CXO Mixer’ event here to empower govtech and edtech startups, enabling them in their cloud journey to scale, transform and excel.…
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SoftBank posts massive $23.4 bn net loss, 2nd straight quarter in red
Tokyo: Japanese investment major SoftBank Group on Monday posted a huge $23.4 billion loss in the April-June quarter, as tech stocks continued to get hammered in the economic downturn. The Masayoshi Son-led…
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89% Indians wish to switch to 5G, most to change service provider to do so
New Delhi: As India gears up to usher in the 5G era, 89 per cent of consumers wish to upgrade to 5G network in India while 48 per cent would upgrade to…
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Ordinary computers can match Google’s quantum computer performance: Researchers
San Francisco: After Google said they had achieved what quantum computing researchers had sought for years, a team of Chinese researchers now claim to have replicated the performance of Google’s Sycamore quantum…
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Rupee falls 22 paise to 79.46 against US dollar in early trade
Mumbai: The rupee depreciated 22 paise to 79.46 against the US dollar in early trade on Monday, tracking subdued sentiment in the domestic equities. However, persistent foreign fund inflows into the capital…
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Sensex gains 110 pts in early trade; Nifty above 17,400
Mumbai: Equity benchmark Sensex advanced over 110 points in opening trade on Monday, tracking gains in index majors M&M, Reliance Industries and HDFC twins amid a mixed trend in global markets. After…
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Tesla robotaxi will be combination of Uber, Airbnb: Elon Musk
San Francisco: Electric vehicle company Tesla’s CEO Elon Musk has predicted that the company’s robotaxi will be like Uber and Airbnb combined. During the company’s annual shareholders meeting, Musk stated that the…