Business
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Meta’s corporate development head to step down after 12 years
San Francisco: Meta’s top executive Amin Zoufonoun, who led Facebook’s acquisitions of Instagram, WhatsApp, and Oculus, has confirmed that he is leaving the tech giant after 12 years. In a Facebook post,…
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Uber launches its advertising division, will show video ads during rides
San Francisco: Ride-hailing platform Uber has launched its advertising division to engage consumers with brands, by showing video advertisements during the ride. The company introduced ‘Uber Journey Ads’, an entertaining method for…
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India has more centi-millionaires than UK, Russia: Report
New Delhi: With levels of poverty, inflation and hunger notwithstanding, India ranks third in the world’s first-ever global study on the rise of centi-millionaires — individuals with assets of more than Rs…
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Tesla doubles net income to $3.3 bn in Q3, automotive sales up 55%
San Francisco: Elon Musk-run Tesla has reported $3.3 billion in net income for the third quarter (Q3), more than double from a year ago, and its automotive revenue jumped 55 per cent…
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Penalties on OYO, MakeMyTrip, GoIbibo biggest win for hospitality sector: FHRAI
New Delhi: With the Competition Commission of India (CCI) on Wednesday imposing penalties of Rs 223.48 crores and Rs 168.88 crores on MMT-Go (GoIbibo and MakeMyTrip) and OYO, respectively, for anti-competitive conduct,…
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Gold falls Rs 276; silver declines Rs 487
New Delhi: Gold prices fell by Rs 276 to Rs 50,471 per 10 grams in the national capital on Wednesday due to weak global trends, according to HDFC Securities. In the previous…
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iPhone 14 Plus likely suffering from production cuts: Report
San Francisco: After only two weeks in the market, Apple has reportedly cut production of the iPhone 14 Plus. Two supply chain sources suggest that Apple is cutting production of the iPhone…
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SpaceX’s satellite internet service is coming to planes
San Francisco: Elon Musk-owned SpaceX has announced that its satellite internet service Starlink will soon be available on select airplanes with the official launch of Starlink Aviation next year. According to The…
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Builders took money for residential projects but completed commercial ones first
Noida: Many builder groups including Amrapali, Jaypee, the 3C Company and Supertech defrauded the investors by registering the booking in the name of residential projects and leaving them incomplete to finish their…
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Huge hike in airfare from Delhi, Mumbai to Patna
Patna: Ahead of the festive season, the airfare from Delhi, Mumbai and Kolkata to Patna has registered a more than three-fold rise over the off-peak season rates. The price of the Delhi…
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Netflix expands cloud gaming by opening new studio
San Francisco: Netflix has expanded cloud gaming by opening a new studio in Southern California. The company’s vice president of gaming, Mike Verdu, revealed two pieces of information concerning the streaming giant’s…
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‘We have to catch next pandemic earlier’: Oracle’s Larry Ellison
Las Vegas: At age 78, Oracle’s Larry Ellison is still on the job and this time, it is more than just Cloud, as he aims to safeguard humanity from the next pandemic…
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Rupee falls 10 paise to close at 82.40 against US dollar on forex outflows
Mumbai: The rupee pared its initial gains to close 10 paise down at 82.40 against the US dollar in a restricted trade on Tuesday. At the interbank forex market, the local unit…
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Adani Defence and Aerospace to acquire Air Works for enterprise value of Rs 400 cr
Ahmedabad: Adani Defence Systems & Technologies Ltd (ADSTL) has signed definitive agreements to acquire Air Works, Indias biggest and highly diversified independent MRO with the largest pan-India network presence across 27 cities.…
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Karnataka CM indicates an action plan for creating $ 1 trillion GDP
Bengaluru: Karnataka Chief Minister Basavaraj Bommai on Tuesday indicated to prepare an action plan for creating $1 trillion GDP for Karnataka. He was speaking after launching the report “Karnataka: A $1 Trillion…
