Business

35% Indian SMBs plan to be in Cloud in next 2-3 years: Microsoft

New Delhi: Almost 35 per cent of small and medium businesses (SMBs) in India are spending over 10 per cent of their revenue on technology (in comparison to global counterparts) and 26…
Rupee falls 16 paise to all-time low of 82.33 against US dollar in early trade

Mumbai: The rupee depreciated 16 paise to an all-time low of 82.33 against the US dollar in early trade on Friday as a firm American currency and risk-averse sentiment among investors weighed on…

Tesla to deliver first Semi Trucks to Pepsi by Dec 1: Musk

San Francisco: Tesla has started the production of its long-delayed Semi Truck that will have a 500 miles (800 km) range and will first reach Pepsi facilities, Elon Musk announced on Friday.…
TN: Firecracker units in Sivakasi anxious as Diwali business dips amid high prices

Chennai: Local firecracker units in Sivakasi in Virudhunagar district of Tamil Nadu that accounts for 90 per cent of firecracker business in the country are anxious as their business has dipped this…
World Bank cuts India’s GDP growth outlook

New Delhi: Citing the deteriorating global scenario, the World Bank on Thursday downgraded India’s GDP forecast for the current fiscal to 6.5 percent. In June 2022, it had projected that Indian economy…
Google asks supplies to produce over 8 mn Pixel 7 phones: Report

New Delhi: Anticipating an increased demand this festive season, Google has asked suppliers to produce more than 8 million units for its new Pixel 7 series, the media reported on Thursday. Nikkei…
Apple iPhone 14 Plus arrives in India, starts from Rs 89,900

New Delhi: Apple on Thursday announced the availability of iPhone 14 Plus, featuring a 6.7-inch display, an upgraded dual-camera system, Crash Detection, Emergency SOS via satellite, A15 Bionic and improved battery life,…

Stock markets rise for 2nd session, Sensex gains 156 pts

Mumbai: Benchmark BSE Sensex rose by 156 points while the Nifty closed above the 17,300 level on Thursday after gains in metal, IT and capital goods shares amid foreign capital inflows. Rising…
IRF urges withdrawal of notification making 6 airbags mandatory from Oct 1, 2023

New Delhi: Road safety body International Road Federation (IRF) has urged the Union Minister for Road Transport and Highways (MoRTH) Nitin Gadkari to withdraw the notification making six airbags mandatory in passenger…
12K Facebook employees may lose jobs amid ‘quiet layoffs’: Report

New Delhi: Meta is reportedly conducting ‘quiet layoffs’ at Facebook that may lead to thousands of job cuts — at least 12,000 or about 15 per cent of its workforce. According to…
51% of daily Bitcoin volume on crypto exchanges fake: Report

New Delhi: More than 51 per cent of the total Bitcoin trading volume on various crypto exchanges this year is fake amid volatile global economic conditions, a new report has claimed. Bitcoin…
Twitter an accelerant to fulfil my vision of a super app: Musk

New Delhi: Tesla CEO Elon Musk has said that buying Twitter is to fulfil his dream to build a super app called X.com like China’s WeChat that will be available to all…
OPEC announces big cut in oil production

London: OPEC+ said on Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the Covid-19 pandemic, media reports said. The group…
Hyundai, Kia’s US sales up 4.4% amid chip shortage

Seoul: Hyundai Motor Group said on Wednesday its vehicle sales in the United States rose 4.4 percent last month from a year earlier despite the extended chip shortage. Hyundai, its affiliate Kia…
Twitter, Musk confirm plan to close $44 bn deal, shares up 22%

San Francisco: Twitter on Wednesday said it has received a letter from Elon Musk to go ahead with their original deal of $54.20 per share (or $44 billion). Twitter shares went up…