Business
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Rupee rises 48 paise to close at 82.33 against US dollar
Mumbai: The rupee appreciated 48 paise to close at 82.33 against the US dollar on Thursday as the greenback retreated from its elevated levels. Fresh foreign fund inflows and a positive trend…
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Gold falls Rs 101; silver declines Rs 334
New Delhi: Gold price fell by Rs 101 to Rs 51,024 per 10 gram on Thursday amid weak global trends and appreciation in rupee, according to HDFC Securities. In the previous trade,…
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Ford, Volkswagen-backed driverless startup Argo AI to shut down
San Francisco: Ford and Volkswagen-backed self-driving startup Argo AI, which came into the scene in 2017 with a $1 billion investment, is reportedly shutting down. As reported by TechCrunch, Argo AI employees…
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Shiprocket enables inter-city logistics for small merchants on ONDC
New Delhi: Logistics solution provider Shiprocket on Thursday said it has gone live on ONDC, enabling first ever inter-city logistics on the government-backed e-commerce network. The first successful transaction was fulfilled on…
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Delhi-bound Akasa Air flight hit by bird
New Delhi: A Delhi-bound Akasa Air flight was hit by a bird during the climb on Thursday, due to which the aircraft suffered a radome damage. In a statement, the Directorate General…
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JioMart on WhatsApp a big opportunity for us: Zuckerberg
New Delhi: As Meta doubles down on its monetisation drive across its family of apps, its Founder and CEO Mark Zuckerberg has said that JioMart on WhatsApp in India is going to…
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Musk says won’t fire 75% of Twitter staff as he finalises deal
San Francisco: Tesla CEO Elon Musk has told Twitter employees that he is not going to lay off 75 per cent of the workforce when he takes over the micro-blogging platform. Reports…
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LG Energy swings to profit on strong EV battery demand
Seoul: LG Energy Solution Ltd (LGES) said on Wednesday it shifted to the black in the third quarter from a year earlier on the back of robust demand in electric vehicle (EV)…
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Meta logs another revenue decline amid concerns over metaverse plans
San Francisco: Meta (formerly Facebook) has posted another quarterly revenue decline as investors begin to lose faith in its loss-making, billion-dollars metaverse dream. In the third quarter (Q3), Meta’s revenue declined 4…
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Finance Minister says India’s growth resilient despite exogenous threats
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said that despite exogenous threats, India’s well-targeted policy mix, accompanied by major structural reforms and sound external balance sheet, have aided its growth to…
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Ethereum’s dominance in crypto market up 20% after the ‘Merge’
New Delhi: The dominance of Ethereum, the second largest cryptocurrency after Bitcoin, is up 20 per cent in the global crypto market following the ‘Merge’, a report shpowed on Wednesday. The historic…
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Walmart reportedly raising up to $3 bn for Flipkart to expand India biz
New Delhi: Retail giant Walmart is reportedly raising up to $3 billion for its e-commerce giant Flipkart to further expand its operations in the country. With new funds, Flipkart’s valuation is set…
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Govt receives dividends worth Rs 361 cr from PSUs
New Delhi: The government has received Rs 129 crore, Rs 76 crore and Rs 33 crore from SJVN, Antariksh Corporation of India and Manganese Ore (India) Ltd, respectively, as dividend tranches. Secretary…
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Apple gives Meta another jolt, puts 30% tax on ‘post boosting’ on App Store
San Francisco: Apple-Meta war over App Store has intensified with new updates that require iOS developers to give Apple 30 per cent cut on the sales of ‘boosts’ for posts in a…
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Spotify says Apple is destroying its audiobook store by ‘choking competition’
San Francisco: Leading music streaming platform Spotify has said that Apple is ruining its audiobook store by “choking competition”. Apple’s limitations are harmful to both creators and users, as it continues to…
