Business
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LG Electronics Q3 profit down on weak demand
Seoul: LG Electronics on Friday reported record high sales backed by its electric vehicle (EV) components business but also experienced a big drop in net income in the third quarter on sluggish…
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iPhone revenue grows 10% to reach $42.6 bn globally, India a sweet spot
New Delhi: Apple iPhone revenue grew 10 per cent (year-over-year) to a September quarter record of $42.6 billion, the company has announced, as India market sees bumper iPhone sales led by the…
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Top Twitter execs to take home $88 mn, Parag Agrawal richer by $38.7 mn
New Delhi: Twitter’s top executives stand to make a total of $88 million between them — Parag Agrawal alone will get $38.7 million — after being ousted by Elon Musk who has…
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Parag Agrawal never put his foot down against Musk on Twitter
New Delhi: Former Indian-origin Twitter CEO Parag Agrawal, who continued to do his job to change the platform for better “despite the noise” coming from Elon Musk, never put his foot down…
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Apple sets new revenue record in India, logs double-digit growth
New Delhi: Apple CEO Tim Cook has said that the company has made a new revenue record in India in the July-September period, and continues to perform well with strong double-digit growth…
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Boat raises Rs 500 cr to expand market share in smartwatches
New Delhi: Imagine Marketing Limited, the parent company of consumer electronics brand boAt, is raising Rs 500 crore from its existing shareholder, an affiliate of Warburg Pincus, a leading global private equity…
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Rupee rises 48 paise to close at 82.33 against US dollar
Mumbai: The rupee appreciated 48 paise to close at 82.33 against the US dollar on Thursday as the greenback retreated from its elevated levels. Fresh foreign fund inflows and a positive trend…
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Gold falls Rs 101; silver declines Rs 334
New Delhi: Gold price fell by Rs 101 to Rs 51,024 per 10 gram on Thursday amid weak global trends and appreciation in rupee, according to HDFC Securities. In the previous trade,…
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Ford, Volkswagen-backed driverless startup Argo AI to shut down
San Francisco: Ford and Volkswagen-backed self-driving startup Argo AI, which came into the scene in 2017 with a $1 billion investment, is reportedly shutting down. As reported by TechCrunch, Argo AI employees…
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Shiprocket enables inter-city logistics for small merchants on ONDC
New Delhi: Logistics solution provider Shiprocket on Thursday said it has gone live on ONDC, enabling first ever inter-city logistics on the government-backed e-commerce network. The first successful transaction was fulfilled on…
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Delhi-bound Akasa Air flight hit by bird
New Delhi: A Delhi-bound Akasa Air flight was hit by a bird during the climb on Thursday, due to which the aircraft suffered a radome damage. In a statement, the Directorate General…
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JioMart on WhatsApp a big opportunity for us: Zuckerberg
New Delhi: As Meta doubles down on its monetisation drive across its family of apps, its Founder and CEO Mark Zuckerberg has said that JioMart on WhatsApp in India is going to…
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Musk says won’t fire 75% of Twitter staff as he finalises deal
San Francisco: Tesla CEO Elon Musk has told Twitter employees that he is not going to lay off 75 per cent of the workforce when he takes over the micro-blogging platform. Reports…
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LG Energy swings to profit on strong EV battery demand
Seoul: LG Energy Solution Ltd (LGES) said on Wednesday it shifted to the black in the third quarter from a year earlier on the back of robust demand in electric vehicle (EV)…
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Meta logs another revenue decline amid concerns over metaverse plans
San Francisco: Meta (formerly Facebook) has posted another quarterly revenue decline as investors begin to lose faith in its loss-making, billion-dollars metaverse dream. In the third quarter (Q3), Meta’s revenue declined 4…
