Business
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Reliance Jio may launch 5G services in India on Independence Day
New Delhi: As the race to launch 5G services for millions of smartphone and internet users take steam, Reliance Jio may launch its 5G services on August 15. Earlier this week, Akash…
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Factors leading to rise in inflation in India
Mumbai: India has been witnessing a sharp rise in the inflation rate since September last year due to spike in crude oil prices in the international market and increase in commodity prices…
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Homegrown Polymatech to invest $1 bn in chip manufacturing in India
New Delhi: Domestic chip manufacturer Polymatech Electronics on Wednesday said it will invest $1 billion in the country towards semiconductor manufacturing by 2025. Polymatech has signed a memorandum of understanding (MoU) with…
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Kia India to offer six airbags as standard fitment in Seltos
New Delhi: Kia India on Wednesday said it will offer six airbags as standard fitment in its mid-sized SUV Seltos. The decision to provide six airbags on all the trims of the…
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Markets rally for 6th day: Investor wealth jumps over Rs 13.53 lakh cr
New Delhi: Investors have became richer by over Rs 13.53 lakh crore in six days, with equity benchmarks on a winning run amid foreign fund inflows and supportive global cues. The 30-share…
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Average inflation rate highest in 2022, at 6.82%, since 2014
New Delhi: Amid the debate over price rise and inflation in the country, a comparison of government data since the year 2014 discloses that the all India average inflation rate is highest…
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Domestic investor holding at all time high in June 2022 quarter
New Delhi: Share of domestic institutional investors (DIIs), which includes domestic mutual funds, insurance companies, banks, financial institutions, pension funds along with retail and High Net-worth Individual (HNI) investors reached an all…
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Airtel picks Nokia, Ericsson for 5G deployment in India
New Delhi: As India completed its mega 5G spectrum auction, telecom service provider Bharti Airtel on Wednesday announced that it has awarded its 5G contract to tech giants Nokia and Ericsson in…
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Balaxi Pharmaceuticals reports continued solid growth in Q1 FY23
Hyderabad: Balaxi Pharmaceuticals Limited (Balaxi), a branded IPR-based pharmaceutical company headquartered in Hyderabad, reported its results for the first quarter of the financial year 2023 ended June 30, 2022. Financial Highlights: Quarterly…
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Solana crypto wallets worth millions drained in major hack
New Delhi: In yet another major cryptocurrency hack, the popular blockchain Solana on Wednesday reported that an unknown bad actor has drained funds from 7,767 wallets on the Solana Network. However, Blockchain…
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Apple sued by French developers over App Store fees: Report
San Francisco: Tech giant Apple is facing an antitrust lawsuit over its App Store fees that is filed by a group of French iOS app developers. The plaintiffs are accusing Apple of…
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Uber reports $2.6 bn loss in Q2, gross bookings at all-time high
San Francisco: Uber Technologies on Tuesday said that gross bookings reached an all-time high of $29.1 billion in the second quarter (Q2) this year, up 33 per cent (year-over-year), with reporting net…
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BMW recalls some of its electric cars over battery fire risk
San Francisco: BMW has issued a recall for some of its electric cars as the high voltage battery “may have internal damage”, which can result in an electrical short circuit. The recall…
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Rupee rises 12 paise to 78.94 against US dollar in early trade
Mumbai: The rupee appreciated 12 paise to 78.94 against the US dollar in opening trade on Tuesday, supported by foreign fund inflows and a weak greenback against key rivals overseas. Besides, softening…
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Hero Electric sells close to 9K EV 2-wheelers in July, tops segment
New Delhi: Hero Electric led the EV two-wheeler segment, selling 8,952 vehicles for the entire month, followed by Okinawa Autotech at 8,094 vehicles, the latest VAHAN data has revealed. Ather Energy sold…
