Business
-
World dangerously close to recession, warns World Bank President
Washington: World Bank President David Malpass on Thursday warned that the global economy is “dangerously close” to a recession and called for targeted support for the poor. “The growth rate, we’ve lowered…
-
Forex reserves rise USD 204 mn to USD 532.868 bn
Mumbai: India’s forex reserves rose by USD 204 million to USD 532.868 billion for the week ended October 7 on an increase in the value of gold holdings, the Reserve Bank said…
-
Bharat Biotech evinces interest to invest in Karnataka
Bengaluru: Covaxin maker Dr. Krishna M. Ella has evinced interest in investing in Karnataka. Ella, Chairman and MD of Bharat Biotech, which produces Covaxin, met state Minister for Large and Medium Industries…
-
Microsoft introduces 4 tools to empower creators
San Francisco: As the content creators’ economy grows, Microsoft has launched four new practical tools for content creators to unleash their creativity. The new tools are called Microsoft Designer, Microsoft Clipchamp, Microsoft…
-
PhonePe enables Online Dispute Resolution (ODR) platform for UPI
Bengaluru: India’s leading FinTech platform PhonePe on Friday announced the enablement of the UPI Unified Dispute and Issue Resolution (UDIR) system. This has led to a significant improvement in the dispute resolution…
-
Markets rebound sharply amid heavy buying in IT stocks, firm global trends
Mumbai: Equity benchmark Sensex jumped 1,087 points in early trade on Friday helped by heavy buying in IT counters and rally in global stock markets. The 30-share BSE index was trading 1,087.14…
-
Global economy faces confluence of challenges: Nirmala Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman said that the global economy today faces a confluence of challenges and it is everybody’s collective responsibility to prevent the risks from aggravating. While addressing…
-
Rupee falls 5 paise to close at 82.38 against US dollar
Mumbai: The rupee traded in a narrow range and settled 5 paise lower at 82.38 against the US dollar on Thursday, tracking a muted trend in domestic equities amid weak domestic macroeconomic…
-
Sensex, Nifty decline as rate hike worries hit banking, realty shares
Mumbai: Key stock indices Sensex and Nifty declined over half a per cent on Thursday due to selling in financials, auto and realty shares after five-month high inflation fanned rate hike fears.…
-
Gold gains Rs 42; silver drops Rs 493
New Delhi: Gold prices in the national capital rose by Rs 42 to Rs 51,255 per 10 grams on Thursday amid a rise in the prices of the precious metal in the…
-
Hyundai to invest $13 bn in mobility software development
Seoul: Hyundai Motor Group said it will invest 18 trillion won ($13 billion) to apply an advanced software programme to all of its vehicles and offer its customers regular software updating services.…
-
Only 2 Indian startups turned unicorns in Q3 amid funding winter
New Delhi: Only two startups in India, Shiprocket and OneCard, attained the unicorn status (valuation $1 billion and above) in the July-September period, mirroring a global trend in decline in the number…
-
This is how OYO became profitable at operating level in Q1FY23, reveals Jefferies
New Delhi: As hospitality major OYO firms up plans for its initial public offering (IPO), financial services company Jefferies says that while the company saw one of the strongest first quarters in…
-
Netflix signs up with BARB to reveal streaming viewership numbers
New Delhi: Netflix has collaborated with the UK TV rating agency BARB to reveal how many people are watching its streaming shows and movies. From the second week of November, BARB will…
-
Toyota admits 300,000 customers’ data was leaked for 5 years
Tokyo: Automaker Toyota has revealed that personal information of nearly 300,000 customers may have been exposed since July 2017. In a statement, the car maker said that e-mail addresses and customer management…
