Business
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Rupee tumbles 22 paise to all-time low of 83 against US dollar
Mumbai: The rupee pared initial gains and slumped 22 paise to close at its all-time low of 83 against the US dollar on Tuesday, pressured by a strong greenback overseas and sustained…
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Samsung may showcase foldable plus slidable display at CES 2023
San Francisco: Samsung will reportedly showcase the world’s first foldable plus slidable OLED panel at the Consumer Electronics Show (CES) 2023. The tech giant is likely to call it a hybrid panel,…
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iPhone 15 Pro models may feature solid-state buttons, increased RAM
San Francisco: Apple’s next-generation iPhone 15 Pro and iPhone 15 Pro Max will reportedly include new features such as solid-state buttons with haptic feedback, titanium frame, and increased RAM. According to Hong…
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Apple marks 3rd-gen iPad Mini as obsolete product
San Francisco: Apple has officially marked the third-generation iPad mini as an obsolete product, meaning it will no longer be eligible for repairs as service providers cannot order parts for the device.…
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BMW Group India sold 19,263 vehicles in 2022
Chennai: High end cars and motorcycle maker BMW Group India closed 2022 selling 19,263 vehicles. According to a statement issued by BMW India, a total of 11,981 cars (BMW and MINI) and…
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IPO fundraising in India halves in 2022
New Delhi: Forty Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilised by 63 IPOs in 2021, according…
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Tesla falls short of 50% growth goal in 2022 amid Musk’s growth goaldistraction
San Francisco: Elon Musk-run Tesla has missed its target of 50 per cent growth in production and deliveries for 2022, as its stock plummeted around 65 per cent amid Musk’s $44 billion…
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Online gaming companies can’t bet on outcome of games: MoS IT
New Delhi: Betting on the outcome of games won’t be allowed by online gaming companies under the draft rules, Minister of State for Electronics and IT, Rajeev Chandrasekhar, said on Monday. “As…
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Indian economy poised for further growth in 2023 despite global headwinds
New Delhi: The Indian economy recovered from the COVID-induced downturn during 2022 and is poised for further improvement in the coming quarters though downside risks emanating from geopolitical tensions, strengthening dollar and…
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Zomato co-founder Gunjan Patidar quits in another high-profile exit
New Delhi: Online food delivery platform Zomato’s co-founder and CTO Gunjan Patidar quit after more than 10 years, the company announced on Monday. This is the second high-profile exit at the company.…
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Kia logged 47.7% growth in 2022
Chennai: Car maker Kia India on Monday said it had closed 2022, clocking 47.7 percent growth over 2021 with sale of 336,619 units. The company had dispatched 254,556 units for the Indian…
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Apple to increase battery replacement cost for out-of-warranty iPhones
San Francisco: Apple has announced that it is increasing the cost of out-of-warranty iPhone battery replacements for all models older than the iPhone 14 later this year. “The current out-of-warranty battery service…
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International regulation needed for crypto activities, says RBI
New Delhi: Noting that there is turmoil in crypto assets market, the Reserve Bank of India (RBI) has suggested a framework for international regulation of such crypto activities. In it’s financial stability…
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Swiggy’s losses jump 2X to Rs 3,629 cr in FY22, layoffs coming
New Delhi: Online food delivery platform Swiggy’s losses doubled to Rs 3,629 crore in FY22 compared to Rs 1,617 crore in the last fiscal year. Total expenses went up 131 per cent…
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Crucial meeting of Reliance Capital COC to be held on Tuesday
Mumbai: The Committee of Creditors (COC) of Reliance Capital is scheduled to meet on Tuesday to discuss the Resolution plans of the Torrent Group and Hinduja Group. The legal Advisors to the…
