Business
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Tata Group likely to produce iPhones in India
Mumbai: Tata Group is close to finalising a deal to acquire a Wistron factory in Karnataka, India, and become 1st Indian brand to make iPhones. According to Business Today, the deal, valued…
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Foxconn withdraws from chip manufacturing deal worth Rs USD 19.5B
Bengaluru: In a major setback to Prime Minister Narendra Modi’s plans of making India a chip-manufacturing hub, Taiwanese chip-making giant Foxconn on Monday announced that it has withdrawn from a joint venture…
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India Inc faces steep decline in deal volumes, values amid economic challenges
New Delhi: Not just startups but India Inc overall saw only 676 deals, amounting to $23 billion in the first half of this year (January-June period), a substantial 78 per cent decline…
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No SFIO probe on edtech giant BYJU’s, say sources
New Delhi: There is no ongoing Serious Frauds Investigation Office (SFIO) investigation against edtech unicorn BYJU’S, according to sources in the Ministry of Corporate Affairs (MCA). The Registrar of Companies (ROC) Bengaluru…
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Apple iPhone 15 Pro to be available in dark blue colour: Report
San Francisco: Apple’s upcoming iPhone 15 Pro smartphone will reportedly be available in a dark blue colour that has a grey tone. The information came from Unknownz21, a source that has provided…
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Indian startup ecosystem logs lowest funding in 4 years
New Delhi: The Indian startup ecosystem reported the lowest six-month funding in the last four years, in the first half of this year at $3.8 billion across 298 deals — a decline…
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Pakistan tops as world’s best performing stock market
Karachi: The Pakistan Stock Exchange (PSX) experienced an impressive rally for the second consecutive week after Eid, earning the title of the “world’s best performing market” on a weekly basis, according to…
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New OLED iPad Pro models to enter mass production in Q1 2024
San Francisco: The new 11-inch and 13-inch iPad Pro models, the first in the Apple iPad series to use OLED displays, will go into mass production in the first quarter of 2024,…
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Coverage and affordability issues delay 5G adoption in India
New Delhi: Although 5G services were introduced in India in October, 2022, they are still not widely available across the country, resulting in patchy network coverage, a report has said. Also, a…
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OYO to add 500 new hotels in Cricket World Cup 2023 host cities
OYO is set to add 500 new hotels in cities hosting the Cricket World Cup 2023, as customer demand mounts, ahead of the fast-approaching marquee tournament. According to a PTI report, the…
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No trace of Parag Agrawal, Vijaya Gadde amid Twitter-Threads drama
New Delhi: While former Twitter Co-founder Jack Dorsey came out in support of his platform, calling Meta’s Threads a ‘Twitter clone’, there is no sight of former Indian-origin Twitter CEO Parag Agrawal…
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Pakistan assures IMF of USD 8 billion external payments: Report
Islamabad: Cash-strapped Pakistan has provided the IMF with a financing plan for external payments, in which it has informed the global lender that it will arrange USD 8 billion for the purpose instead…
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Global public cloud revenue crosses $500 bn, Microsoft leads
New Delhi: Led by Microsoft, global revenue for the public cloud services market reached $545.8 billion last year, an increase of 22.9 per cent over 2021, according to a new report. Top…
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Twitter sues top law firm that received $90 mn in Musk deal
San Francisco: Twitter has sued a law firm that represented the micro-blogging platform as Elon Musk tried to back out of his deal to buy the platform for $44 billion. Twitter’s previous…
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BSNL to monetise land parcels in Tamil Nadu, Puducherry
Chennai: Government-owned telecom player Bharat Sanchar Nigam Ltd (BSNL) has decided to monetise its land parcels located in prime localities here and in other places in Tamil Nadu and Puducherry. The BSNL…
