Business
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Rupee falls 52 paise to close at 81.85 against US dollar on forex outflows, firm crude
Mumbai: The rupee pared its initial gains to settle down by 52 paise at a nearly two-week low of 81.85 against the US dollar on Monday weighed down by weak domestic markets,…
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Foodtech platform HealthKart raises $135 mn from Temasek, A91 Partners
New Delhi: Foodtech platform HealthKart on Monday said it has raised $135 million in a funding round led by Temasek, with participation from A91 Partners and Kae Capital. The omni-channel nutrition retailer…
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Air India leases 12 more aircraft to enhance operations
New Delhi: Air India on Monday announced the lease of six Airbus A320neo narrow body aircraft and six Boeing B777-300 ER widebody aircraft to further augment its existing fleet. These aircraft are…
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Oil prices rise as cap set Russian crude
London: Oil prices rose on Monday following an agreement by the G7 group ofnations and its allies to cap the price of Russian oil at $60 a barrel, BBC reported. Brent crude…
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HealthifyMe sacks 150 employees amid lacklustre growth
New Delhi: Leading AI health and fitness platform HealthifyMe has sacked at least 150 employees as the company’s growth did not “keep pace with expectations and hiring”. The company has a physical…
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FTX CEO unlikely to testify at US House Committee hearing on Dec 13
San Francisco: Sam Bankman-Fried (SBF), the CEO of now bankrupt crypto exchange FTX facing charges of swindling billions of dollars, said he is not prepared to testify before a US Congress committee…
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Tamil Nadu to increase salt production
Chennai: The Tamil Nadu Salt Corporation will increase its production and commence manufacturing in an area of 3,000 acres in Ramanathapuram district. Presently the Corporation is producing salt in 5,236 acres of…
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Samsung Electronics appoints its 1st female presidentSamsung Electronics appoints its 1st female presidentSamsung Electronics appoints its 1st female president
Seoul: Samsung Electronics on Monday promoted a female executive to the president of global marketing for its mobile business, in the first move to tap a female talent for the top post.…
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Takeaways from RBI’s MPC meeting can be more than repo rate hike
Chennai: Apart from the decision on the repo rate hike by the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) at its upcoming meeting, one can also expect few more things…
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UAE emerges second biggest tea importer from India after CIS block
Kolkata: The United Arab Emirates (UAE) emerged as the second largest importer of tea from India after the Commonwealth of Independent States (CIS) as a block, according to the latest data released…
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OYO trims 10% of its workforce, is letting go of 600 employees
New Delhi: Hospitality major and IPO-bound OYO on Saturday said it is downsizing 10 per cent of its 3,700-strong workforce, laying off 600 employees while hiring 250 fresh members in the team.…
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RITES presents Chandigarh mobility plan
Chandigarh: Chandigarh’s mobility plan is divided in short, medium and long-term transport improvement proposals that highlighted the components of parkings, junction improvements, pedestrian infrastructure improvement plan, road infrastructure, city bus system, inter-modal…
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TN power utility to float tender for installation of smart meters
Chennai: Tamil Nadu Generation and Distribution Company (Tangedco), the power utility of the state would soon be floating tenders for the installation of smart meters across the state. Sources in Tangedco told…
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Flipkart joins Polygon to launch metaverse use cases in e-commerce space
Bengaluru: Flipkart on Friday partnered Ethereum-based Blockchain platform Polygon to set up a centre of excellence (CoE) that will work on research and development of Web3 and metaverse commerce use-cases in India.…
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Homegrown smart TV brands capture record 22% market share in India
New Delhi: Indias smart TV shipments grew 38 per cent (on-year) in the third quarter (Q3) and the share of homegrown brands showed the fastest growth to register a record 22 per…
