Business
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853 tech firms lay off over 137,492 workers globally, more job cuts coming
New Delhi: As more and more companies across the spectrum sack employees amid the global meltdown, at least 853 tech companies worldwide have laid off about 137,492 employees to date, and the…
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Ultraviolette launches electric bike F77, starts at Rs 3.8 lakh
Bangalore: Automotive company Ultraviolette on Thursday commercially launched its first high-performance electric motorcycle F77, starting at an ex-showroom price of Rs 3.8 lakh. Available for customers in three forms — Airstrike, Shadow,…
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SBI warns customers against instant loan apps
New Delhi: The country’s largest lender, State Bank of India (SBI) has warned customers against instant loan apps and even suggested measures to safeguard against the menace. “Please refrain from clicking on…
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Samsung nurtures 426 tech startups via C-Lab programme
Seoul: Samsung has helped nurture a total of 426 startups — 182 in-house firms and 244 outside ones — through its Creative Lab (C-Lab) Outside programme since 2018, and the 244 outside…
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Coal production rose 18% to 448 million tonnes in Oct
New Delhi: Total coal production stood at 448 million tonnes in October this year which is 18 per cent higher than that of the corresponding period of 2021. The growth of dry…
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Amazon to shut edtech service Academy’s operations in India from Aug 2023
New Delhi: Amazon on Thursday said it is shuttering its edtech offering called Amazon Academy’s operations in India starting from August 2023, and will refund the full fee to those enrolled in…
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Tata Consumer to acquire Bisleri for around Rs 7,000 crore: Report
New Delhi: Ramesh Chauhan is divesting Bisleri International to Tata Consumer Products Ltd (TCPL) for an estimated Rs 6,000-7,000 crore, The Economic Times reported. The current management will continue for two years…
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State government responsible for protecting mining reserves: Prahlad Joshi
Kolkata: It is the responsibility of the state government concerned to protect the mining reserves, including coal reserves, in the state, Union coal minister Prahlad Joshi said in the industrial township of…
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Former FTX CEO has no stake in Twitter as a private company: Musk
San Francisco: Elon Musk on Thursday said that Sam Bankman-Fried (SBF), former CEO of bankrupt crypto exchange FTX, does not have any share in Twitter as a private company. Semafor publication first…
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Tax collections to cross budget estimates in current fiscal, says government
Delhi: Domestic tax collections will exceed the budget estimate by nearly Rs 4 lakh crore in the current fiscal owing to higher income tax, customs duty, and GST collections, the government said…
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UP ministers ready to cross shores for Global Investors’ Summit
Lucknow: Uttar Pradesh ministers will travel to 19 cities across 17 countries between December 9 and 19, ahead of the Global Investors’ Summit (GIS) scheduled early next year. The road shows will…
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Rupee falls 26 paise to 81.93 against USD on forex outflows
Mumbai: The rupee depreciated 26 paise to close at 81.93 against the US currency on Wednesday due to dollar buying by banks on behalf of importers and rising crude oil prices in…
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Sitharaman inaugurates 400th birth anniversary celebration of Lachit Borphukan
New Delhi: Union Finance Minister Nirmala Sitharaman on Wednesday inaugurated the 3-day celebrations of the 400th birth anniversary of the 17th century Ahom Army General Lachit Borphukan at Vigyan Bhawan in Delhi.…
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FTX collateral crashed down to $8 bn from $60 bn as CEO ‘froze up in face of pressure’
San Francisco: Sam Bankman-Fried (SBF), founder of bankrupt crypto exchange FTX and trading house Alameda Research, “froze up in the face of pressure” as his company collapsed, bringing its collateral down to…
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Wasn’t Twitter supposed to die by now or something, asks Elon Musk
New Delhi: Elon Musk on Wednesday shrugged off the #RIPTwitter hashtag again, saying that the micro-blogging platform under him is actually growing and is not going to die as projected. Despite too…
