Business
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Equity mutual funds record significant net inflows in Sep
New Delhi: In September, the equity markets experienced a notable shift towards a risk-off sentiment, following the all-time high of 20,200 points. Despite this shift, equity mutual funds continued to exhibit resilience,…
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RBI bans Bank of Baroda from onboarding new customers on its mobile app
Mumbai: The Reserve Bank of India on Tuesday barred state-owned Bank of Baroda from onboarding new customers on its mobile app ‘bob World’ following material supervisory concerns. Responding to the RBI’s directions,…
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Mukesh Ambani reclaims richest Indian tag, Ratan Tata has most followers on X
Chennai: Billionaire Mukesh Ambani, Chairman, Reliance Industries Ltd, has reclaimed the top spot as the richest Indian after a year, as per the ‘360 One Wealth Hurun India Rich List 2023’. Ambani…
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ChatGPT’s revenue growth slows down as mobile app downloads grow
New Delhi: OpenAI’s ChatGPT is seeing a slow down in its revenue growth, an indication that the AI chatbot is nearing saturation in terms of how many users are willing to pay…
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Maintain mental wellbeing with these new features on Apple devices
New Delhi: As people the world over continue to raise awareness about mental health issues with mental health being a “universal right”, here are some new features to maintain your mental wellbeing…
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Razorpay launches AI-powered payments routing system ‘Optimizer’
New Delhi: Full-stack fintech platform Razorpay on Tuesday launched a payment infrastructure — ‘Optimizer’, an AI-powered payments routing system, that will protect businesses from annual losses of over 7,000 crore due to…
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Adani Group condemns Financial Times’ ‘malicious’ campaign
New Delhi: Adani Group said on Monday that there is a renewed attempt by the ‘Financial Times’ and its collaborators to rehash old and baseless allegations to tarnish the name and standing…
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Web Werks, Iron Mountain to build 2 data centres with Rs 1,800 cr investment in India
Chennai: IT company Web Werks and Iron Mountain Data Centers on Monday announced to build two new data centres here with over Rs 1,800 crore investment. The two data centres (CHE-1 and…
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India’s norms against dark patterns may hurt ease of doing business: Big Tech coalition
New Delhi: The Asia Internet Coalition (AIC), that has Meta, Amazon, Twitter, Google and other Big Tech companies as its members, has opposed the draft dark pattern guidelines by the Indian government,…
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Global airline shares fall as markets react to Hamas-Israel war
London: Oil prices rose on Monday while airline shares fell as markets reacted to the surprise attack on Israel by the militant group Hamas, according to a media report. Investors on Monday…
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Markets tumble in early trade amid tensions in Middle East
Mumbai: Benchmark equity indices tumbled in early trade on Monday as escalating tensions in Middle East triggered a risk-off in the market. Market analysts said investors preferred to remain on the sidelines…
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India likely to see 70-75% growth in 5G smartphone shipments in festive season
New Delhi: India is expected to see 70-75 per cent annual growth in the 5G smartphone shipments during the ongoing festive season, a new report has said. The country saw a 65…
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Amazon, Flipkart begin festive season war as India looks at Rs 90K cr worth sales
New Delhi: E-commerce giants Amazon, Flipkart, Myntra and others on Sunday began the festive season sales in India which is expected to reach Rs 90,000 crore worth online gross merchandise value (GMV)…
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N.Korea’s Lazarus Group launders $900mn in crypto: Report
New Delhi: Over $7 billion in cryptocurrency has been illicitly laundered through cross-chain crime, with North Korea’s Lazarus Group being linked to the theft of around $900 million between July 2022 and…
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China’s smartphone market sees decline in 1st 8-month of 2023: Report
New Delhi: The smartphone market in China has witnessed a decline in the first eight months of this year, manufacturing only 679 million devices from January to August, down 7.5 per cent…
