Business
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PC shipments, chip sales growth face record slump this year: Report
New Delhi: Global semiconductor revenue is projected to slow down to 7.4 per cent this year, down from 2021 growth of 26.3 per cent, while chip sales from PCs are likely to…
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Indian Bank Q1 net profit at Rs 1,213 crore
Chennai: Public sector Indian Bank closed the first quarter of FY23 with net profit of Rs 1,213.44 crore, higher than what it had logged during Q1FY22. According to Indian Bank, it had…
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Ather Energy, Ola Electric see sharpest drop in EV 2-wheeler sales in July
New Delhi: Hero Electric has piped Okinawa Autotech, Ola Electric and Ather Energy in selling maximum number of EV two-wheelers in the month of July, with Ather Energy and Ola Electric suffering…
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India’s 5G auction hits Rs 1.5 lakh cr, bids to continue: Union IT minister
New Delhi: The 5G spectrum auction has crossed Rs 1.5 lakh crore after 30 rounds and the auction will continue for a few more days, Union IT Minister Ashwini Vaishnaw said on…
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RBI may hike repo rate at monetary policy meeting next week
Mumbai: The Reserve Bank of India’s (RBI) rate-setting committee is likely to hike 25-50 basis points in repo rate in the monetary policy meeting to be held between August 3-5, according to…
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Global smartphone shipments down 9% in Q2: Canalys report
New Delhi: Global smartphone shipments fell to 287 million units in the second quarter (Q2), a massive 9 per cent drop, as component orders are being cut rapidly and suppliers have started…
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AWS now has $79 bn annual sales run rate as top Cloud provider
New Delhi: Amazon Web Services (AWS), the Cloud arm of Amazon, now represent an annualised sales run rate of nearly $79 billion that has made it the leading Cloud provider once again.…
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ZEE Entertainment-Culver Max merger proposal gets BSE, NSE nod
Chennai: ZEE Entertainment Enterprises Ltd (ZEEL) on Friday said it has got the approval from the two Indian stock exchanges for its proposed merger with Culver Max Entertainment Private Ltd. In a…
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Ola may lay off 1,000 employees to ramp up EV plans
New Delhi: As Bhavish Aggarwal-led Ola aims to ramp up its electric vehicle (EV) business, media reports have claimed that the ride-hailing platform is laying off around 1,000 employees from across verticals.…
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HDFC Q1 net profit rises to Rs 3,669 crore
Mumbai: Home finance major Housing Development Finance Corporation Ltd (HDFC) closed the first quarter of FY23 with 22 percent growth in its net profit. According to the company, it had posted an…
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Hyundai Motor names new CEO for US operations
Seoul: Hyundai Motor, South Korea’s biggest carmaker, said on Friday it has named a new chief executive for its US operations amid the prolonged chip shortage. Hyundai has promoted Randy Parker to…
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PhonePe reaches amicable settlement with Affle Global to acquire OSLabs
Singapore: PhonePe Pte.Ltd., India’s leading digital payments platform announced the acquisition of OSLabs, a mobile platform that enables content and app discovery for users and app developers. PhonePe, AGPL Pte. Ltd. and…
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Apple now has over 860 mn paid subscriptions across services
San Francisco: Tech giant Apple has announced that it now has over 860 million paid subscribers across all of its services, which includes Apple Music, Apple TV+, Apple News, iCloud, and more.…
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iPhone revenue reaches $40.7 bn despite headwinds in June quarter
New Delhi: Riding on the iPhone 13 series, Apple saw its iPhone revenue jump 3 per cent to a record $40.7 billion in its June quarter. The iPhone growth was achieved “despite…
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Rupee rises 15 paise to close at 79.76 against US dollar
Mumbai: The Indian rupee appreciated 15 paise to close at 79.76 against the US dollar on Thursday on hopes of a slower pace of rate hike by the US Fed in the…
