Business
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GST collections stood at Rs 1,43,612 cr in Aug
New Delhi: The gross GST revenue collections in August witnessed a 28 per cent jump year-on-year basis, as they stood at Rs 1,43,612 crore during the month. According to figures released by…
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Apple may use hybrid OLED tech for future iPads
San Francisco: Tech giant Apple may use “hybrid” OLED technology, which incorporates rigid and flexible OLED panel materials, as part of its rumoured plans to switch to OLED technology for upcoming iPad…
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This Samsung gaming monitor doesn’t need a PC or console
Seoul: Ahead of IFA 2022 in Berlin, Samsung Electronics has announced the new gaming monitor — Odyssey OLED G8 (G85SB) — that doesn’t need a PC or console. The company said that…
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Homegrown Twitter rival Koo lays off 40 employees in ‘realignment’ move
New Delhi: Homegrown Twitter rival Koo has laid off at least 40 people, mostly from its operations and backend teams, and the micro-blogging platform said on Thursday that it is realigning its…
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Moody’s slashes India’s economic growth forecast to 7.7% for 2022
New Delhi: Moody’s Investors Service on Thursday slashed India’s economic growth projection for 2022 to 7.7 per cent, citing dampening of economic momentum in coming quarters on rising interest rates, uneven monsoon,…
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SpiceJet CFO resigns as airline reports net loss of Rs 789 crore
New Delhi: As SpiceJet recorded a net loss of Rs 789 crore, the airline’s Chief Financial Officer Sanjeev Taneja resigned on Wednesday. SpiceJet said in a regulatory filing, said that its Chief…
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Tata Steel to implode obsolete unit at Jamshedpur
Chennai: Steel major Tata Steel Ltd on Wednesday said it will carry out a planned implosion, on September 4, of an obsolete unit at a coke oven that is not in operation in…
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India’s Q1 GDP logs 13.5% growth, experts say lower than expected (Lead)
New Delhi/Chennai: India’s economic growth rose to 13.5 per cent in the first quarter of the current fiscal (2022-23), a huge jump from 4.1 per cent growth recorded in the final quarter…
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No cap on airfare from now, air ticket prices may go up during festive season
New Delhi: There will be no cap on air ticket prices from August 31, and airlines will have flexibility in fixing the airfares. However, experts said that high competition among the airlines…
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Union Labour Ministry extends public utility service status for three industries
New Delhi: Ministry of Labour and Employment has extended the public utility service status of three industries: industries engaged in the manufacture or production of mineral oil (crude oil), motor and aviation…
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Twitter planned to make money via monetising porn on its platform
New Delhi: Twitter reportedly planned to monetise adult content on its platform this year, by allowing adult creators to sell subscriptions on the micro-blogging platform, and become profitable in a jiffy. According…
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Amazon India’s growth has come at a high cost while profitability remains elusive
New Delhi: Nearly a decade later, Amazon India’s report card is decidedly mixed, foreign brokerage Bernstein said in a report. India is often the dream prized market of many global internet companies,…
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RIL announces plan to move into $100bn FMCG market
New Delhi: Reliance Industries Limited has announced its plan to move into the $100 billion FMCG market in FY2023, providing high-quality products at affordable prices. Morgan Stanley said in a report that…
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Flipkart strengtens kirana deliveries with 2L new partners
Hyderabad: Ahead of festive seasons, Flipkart, India’s Homegrown e-commerce marketplace announced the strengthening of its kirana delivery with an onboard partner count of two lakhs. This will enable customers across the country…
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Tesla quietly develops virtual power plant in Japan
Tokyo: Electric car maker Tesla is quietly developing a virtual power plant in Japan as it has revealed that since 2021, it has been quietly installing its Powerwall batteries at residences on…
