Business
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Markets in free fall; Sensex, Nifty tumble nearly 2%
Mumbai: Benchmark indices fell sharply on Monday, with the Sensex and Nifty tumbling nearly 2 percent each amid weak global market trends and foreign fund outflows. Falling for the fourth straight day, the…
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Apple likely to shun ‘Pro Max’ branding for ‘Ultra’ with iPhone 15
New Delhi: More reports have now surfaced that Apple may replace the current “Pro Max” branding next year with the top-end iPhone 15 series, calling it “Ultra”. The “Pro Max” branding appeared…
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Indian workforce to get average salary hike of 10.4% in 2023
New Delhi: Despite global macroeconomic conditions and rising inflation, salaries in India are likely to increase by 10.4 per cent on average in 2023, compared to an actual increase of 10.6 per…
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Samsung launches credit card in India with 10% cashback on its products 24/7
New Delhi: Samsung India on Monday announced its first-ever credit card in India in partnership with Axis Bank and Visa, that will give customers 10 per cent cashback across all Samsung products…
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Rupee hits new record low of 81.55 against USD
Mumbai: The Indian rupee fell to a new record low of 81.55 against the US dollar on Monday after a sharp uptick in dollar index, dealers said. At the interbank foreign exchange…
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Interpol issues red notice for crypto firm Terraform founder Do Kwon
Seoul: Do Kwon, founder and CEO of Terraform Labs that wiped out investors’ money worth $40 billion, is now wanted by Interpol which has issued a red notice for him. South Korean…
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Musk set to depose before Twitter lawyers ahead of Oct trial
San Francisco: Tesla and SpaceX CEO Elon Musk is set to depose before the Twitter lawyers earlier this week in the $44 billion takeover deal that he has terminated. The deposition is…
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Apple begins manufacturing iPhone 14 at Foxconn plant in India
New Delhi: In a fillip to India’s thrust on local manufacturing, Apple on Monday confirmed it has kicked off the production of new iPhone 14 in India, a first for the tech…
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No let-up in Rupee depreciation; touches another lifetime low
New Delhi : Continuing with the depreciation, Rupee slipped further from the past week’s low and hit another lifetime low on Monday morning. This consistent depreciation follows the ongoing strengthening of the…
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NFT startups shun Apple App Store due to high commission, tough rules
San Francisco: Non-fungible token (NFT) trading startups do not want to sell their offerings through Apple App Store because 30 per cent commission on in-app purchases, and other tough rules, will bleed…
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At 264%, India logs fastest growth in global IoT module market
New Delhi: India was the fastest growing Internet of Things (IoT) module market with more than 264 per cent growth in the second quarter this year, a report showed. Although growing on…
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More than 1 in 2 senior business executives see recession looming: Report
New Delhi: More than one in two senior business executives globally (59 per cent) believe there will be a recession in the coming year, according to an IDC survey. Moreover, nearly 30…
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Tesla countersues US civil rights agency that accused it of racial bias
San Francisco: Elon Musk-run Tesla has countersued California Civil Rights Department (CRD), that alleged racial bias at the electric car-maker’s US factory in a lawsuit. Tesla alleged in its countersuit, filed in…
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Will PM Modi launch 5G services in India on Oct 1?
New Delhi: The National Broadband Mission (NBM) under the Ministry of Communications on Saturday tweeted that Prime Minister Narendra Modi will roll out 5G services in India on October 1, as the…
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CGST Mumbai Zone busts case of non-payment of GST, fraud ITC availment
Mumbai : The Bhiwandi Commissionerate of Central Goods and Service Tax (CGST) on Saturday busted a case of non payment of GST and fraudulent availment of ITC that amounted to Rs 78…
