Business
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Rupee declines by 14 paise to 82.47 against US dollar, forex inflows cap fall
Mumbai: The rupee declined by 14 paise to close at 82.47 against the US dollar on Friday as a stronger greenback in the overseas markets weighed on the local unit. However, a…
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Gold falls Rs 105; silver gains Rs 21
New Delhi: Gold price in the national capital fell by Rs 105 to Rs 50,889 per 10 grams on Friday amid weak global trends, according to HDFC Securities. In the previous trade,…
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Flipkart losses widens to Rs 4,362 cr in FY22, up 51 pc
New Delhi: Walmart-owned Flipkart’s losses widened to Rs 4,362 crore in FY22, a 51 per cent increase from the last financial year. The e-commerce platform reported Rs 10,659 crore as revenues in…
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Maruti Suzuki’s small car sales to go down, to launch CNG models and SUVs
New Delhi: With the petrol-powered small car/hatchbacks buyers affected and others opting for sport utility vehicle (SUV), Maruti Suzuki India Ltd will increase its CNG powered models as well as SUVs, Maruti-Suzuki…
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Intel set to lay offs employees as it cuts billions of dollars in spending
San Francisco: Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near term and $8 billion to $10…
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LG Electronics Q3 profit down on weak demand
Seoul: LG Electronics on Friday reported record high sales backed by its electric vehicle (EV) components business but also experienced a big drop in net income in the third quarter on sluggish…
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iPhone revenue grows 10% to reach $42.6 bn globally, India a sweet spot
New Delhi: Apple iPhone revenue grew 10 per cent (year-over-year) to a September quarter record of $42.6 billion, the company has announced, as India market sees bumper iPhone sales led by the…
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Top Twitter execs to take home $88 mn, Parag Agrawal richer by $38.7 mn
New Delhi: Twitter’s top executives stand to make a total of $88 million between them — Parag Agrawal alone will get $38.7 million — after being ousted by Elon Musk who has…
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Parag Agrawal never put his foot down against Musk on Twitter
New Delhi: Former Indian-origin Twitter CEO Parag Agrawal, who continued to do his job to change the platform for better “despite the noise” coming from Elon Musk, never put his foot down…
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Apple sets new revenue record in India, logs double-digit growth
New Delhi: Apple CEO Tim Cook has said that the company has made a new revenue record in India in the July-September period, and continues to perform well with strong double-digit growth…
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Boat raises Rs 500 cr to expand market share in smartwatches
New Delhi: Imagine Marketing Limited, the parent company of consumer electronics brand boAt, is raising Rs 500 crore from its existing shareholder, an affiliate of Warburg Pincus, a leading global private equity…
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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…
