Business
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Microsoft, Qcells colab to curb carbon emissions, power clean energy economy
San Francisco: Tech giant Microsoft has announced that it has partnered with global solar leader Qcells to curb carbon emissions and power the clean energy economy. The “strategic alliance” aims to enable…
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US economy expands 2.9 percent in December quarter
Washington: Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022. In the third quarter, real GDP increased by 3.2 percent, according to…
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Adani evaluating remedial and punitive action against Hindenburg Research
New Delhi: The maliciously mischievous, unresearched report published by Hindenburg Research on January 24 has adversely affected the Adani Group, our shareholders and investors, the Adani Group said in a statement on…
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Tesla sales up 51% in 2022, net income doubles amid Musk’s Twitter saga
San Francisco: Despite a rocky takeover of Twitter which saw Tesla stock tumbling by over 60 per cent, Elon Musk-in Tesla made more money than ever in 2022, as total revenue grew…
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‘Malafide intention’: Adani Group on Hindenburg Research’s allegations of fraud
Soon after US’s Hindenburg Research investigative report accused Adani Group of the improper wide use of businesses established in offshore tax havens and expressed worry about excessive debt levels, the conglomerate released…
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Oracle introduces new logistics capabilities to boost global supply chains
New Delhi: Cloud major Oracle is introducing new logistics capabilities within its Fusion Cloud Supply Chain and Manufacturing (SCM) offerings, that will help customers cut costs, improve accuracy and automate regulatory compliance.…
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FBI accuses N.Korean govt-backed hackers for $100 mn crypto heist
Washington: The Federal Bureau of Investigation (FBI) has accused a North Korean government-backed hacker group for a $100 million crypto heist last year. The cryptocurrencies were stolen from Harmony’s Horizon bridge, which…
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Microsoft Teams, Outlook suffer major outage in India
New Delhi: Microsoft’s Teams, Outlook and some other services went down in some parts of India on Wednesday as users reported facing several issues. As of now, 63 per cent of users…
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Microsoft logs slowest quarter growth in 6 years, PC sales nosedive
New Delhi: Microsoft has recorded its slowest sales growth in more than six years in its December quarter of 2022, as it took a $1.2 billion hit after laying off 10,000 people…
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US’s Hindenburg Research alleges fraud in Adani group’s dealings
Hindenburg Research, a well-known short seller in the United States, disclosed short positions in the Adani Group on Wednesday, accusing the conglomerate of the improperly wide use of businesses established in offshore…
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Hyderabad: Akasa Air to operate daily flights from Jan 25
Hyderabad: In view of business expansion, Akasa Air launched its 13th destination in the city and will be operating daily flights from the city beginning January 25. Its inaugural flight from Hyderabad…
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‘Pee-gate’: DGCA urged to withdraw suspension of pilot-in-command
Delhi: Air India Joint Action Forum – a group of six unions, on Tuesday appealed to aviation regulator DGCA to withdraw the suspension of the pilot-in-command of an Air India flight in…
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BharatPe appoints 3 top executives amid legal battle with Ashneer
New Delhi: IPO-bound fintech platform BharatPe on Tuesday announced three key appointments, along with hiring Ambuj Bhalla as its Chief Information Security Officer (CISO), as it fights a legal battle with former…
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Jeff Bezos to sell Washington Post to buy NFL team Commanders: Reports
New York: Amazon founder Jeff Bezos is likely to sell the American newspaper Washington Post to buy the football team Washington Commanders, according to the New York Post. The Washington Post is…
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Bengaluru: HARMAN takes legal action against dealers selling its counterfeits
Bengaluru: HARMAN, a subsidiary of Samsung Electronics, on Tuesday said it has taken strict legal action against dealers involved in the manufacture and sale of fake JBL and Infinity Car Audio products…
