Business
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Saudi Aramco profit surges 90% in Q2 amid rise in oil prices
Riyadh: The Saudi oil company, Aramco announced on Sunday that it achieved a record profit of 181.16 billion riyals (48.4 billion dollars) in the second quarter (Q2) of 2022, an increase of…
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ED freeze on Rs 370 cr bank assets ‘unfortunate’: Crypto firm Vauld
New Delhi: A day after the Enforcement Directorate (ED) froze crypto lending platform Vauld’s bank assets worth Rs 370 crore over its “predatory lending practices”, the company on Saturday termed the action…
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Researcher hacks Musk’s Starlink system with $25 homemade device
New Delhi: A cyber-security researcher has hacked the Elon Musk-run Starlink satellite-based internet system by using a $25 homemade device. Belgian security researcher Lennert Wouters revealed the first-ever hacking of Starlink’s user…
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Apple, Meta once planned to build businesses together: Report
San Francisco: Apple and Meta (formerly Facebook), at the loggerheads over privacy changes in iOS and App Store, once planned to “build businesses together” where Apple was in discussions with Mark Zuckerberg-run…
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Samsung boss expected to solidify leadership after receiving pardon
Seoul: Samsung’s Vice Chairman Lee Jae-yong was given a presidential pardon on Friday, in a move widely expected to help him consolidate his leadership and speed up business decision-making in the country’s…
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International Business Summit 2022 begins; to help Muslims understand the market better
Hyderabad: A concerted effort is on to provide a platform to minority-led businesses to grow and prosper in the country. A paradigm shift is sought to be brought about in the Muslim…
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Focus on customers, solve their problems immediately: Vaishnaw tells BSNL staff
New Delhi: Telecom minister Ashwani Vaishnaw on Friday asked BSNL staff to focus on customers and solve their problem immediately in order to help in turning around the fortunes of the loss-making…
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783.46% higher penalty collected from ticketless rly passengers in NE
Guwahati: The Northeast Frontier Railway (NFR) has collected 783.46 percent higher penalty from ticketless passengers or travellers with irregular tickets in January to July this year compared to the same period of…
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India’s seafood exports rise 15pc to USD 1.99 billion in June quarter: Official
Kolkata: India’s seafood exports rose 15 per cent on-year to USD 1.99 billion in the first quarter ended June 2022, a senior official said on Friday. “In 2021-22, total exports were 7.76…
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Exports up 2.14pc to USD 36.27 bn in July; trade deficit at record USD 30 bn
New Delhi: India’s exports rose by 2.14 per cent to USD 36.27 billion in July while the trade deficit almost tripled to USD 30 billion during the month due to over 70…
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Hyundai to spend $424 mn to build AI research centre in US
Seoul: Hyundai Motor said on Friday it will spend $424 million to build an artificial intelligence (AI) research centre in the US to bolster its edge in robotics technology, an area it…
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Huawei’s revenue loss slows down amid Cloud push
Shenzhen: Chinese conglomerate Huawei on Friday posted nearly 6 per cent loss in revenue for the first six months of the year and its device business, which includes smartphones, fell 25.4 per…
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Samsung likely to sell 9 mn Galaxy Fold 4, Flip 4 foldables this year
New Delhi: The new Galaxy Fold 4 and Flip 4 foldable smartphone may see sales close to 9 million units this year, helping Samsung’s foldables market share to jump to 80 per…
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4.2 mn EVs sold in first half of 2022 globally, China leads
New Delhi: The world saw sales of 4.2 million electric vehicles in the first half of this year, a 63 per cent growth from the same period last year, a new report…
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Rupee falls 9 paise to 79.71 against US dollar in early trade
Mumbai: The rupee depreciated 9 paise to 79.71 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market and rising crude oil…
