Business
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Hyundai Motor targets 5,000-unit sales of Tucson
Chennai: India’s second largest car maker Hyundai Motor India Ltd targets to sell about 5,000 units of its new Tucson model this year, the company said on Wednesday. According to Hyundai Motor…
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Sensex, Nifty close almost flat; IT stocks weigh
Mumbai: Benchmark BSE Sensex and Nifty closed on a flat note on Wednesday as profit booking in IT and realty shares negated gains in metal and oil & gas stocks. The 30-share…
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Musk agrees to rebuy Tesla stock if Twitter deal doesn’t close
San Francisco: After selling its electric vehicle company shares worth nearly $7 billion, Tesla and SpaceX CEO Elon Musk on Wednesday said that he would repurchase Tesla stock if the Twitter deal…
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Singapore-based crypto lender Hodlnaut freezes withdrawals, deposits
Singapore: Cryptocurrency lender Hodlnaut has announced to freeze withdrawals, token swaps and deposits amid the harsh crypto winter. The company has also informed the Monetary Authority of Singapore (MAS) to withdraw its…
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Snapchat brings paid subscription service to India amid layoffs, poor growth
New Delhi: Photo-sharing platform Snapchat on Wednesday launched its paid subscription service in India for Rs 49 per month, as it aims to increase revenue amid slowed growth and layoffs globally. The…
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CoinSwitch’s Web3 Discovery Fund to empower up to 100 Indian startups
New Delhi: India’s largest Crypto investing app CoinSwitch has announced a Web3 Discovery Fund, which will invest in and incubate early-stage startups building blockchain solutions for the rapidly evolving Web3 landscape. The…
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Coinbase reports $1.1 bn in net loss, revenue drops 60% in Q2
New Delhi: Largest cryptocurrency exchange Coinbase has reported a massive loss in both revenue and profit in the June quarter — logging $1.1 billion in net loss as revenue declined from $2.033…
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Tractor industry sales down to 59,586 units in July 2022
Chennai: The Indian tractor industry sold 59,586 units last month down from 80,980 units sold during July 2021, said Tractor Junction, a digital marketplace for tractors and farm equipment. According to Tractor…
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Equity MF schemes experience sharp fall in July
Chennai: The month-on-month net inflows for equity mutual funds came down by 42.6 per cent to Rs 8,898.25 crore in July 2022, as per the figures released by the Association of Mutual…
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Binance ceases off-chain fund transfer with WazirX after ED raids
New Delhi: The world’s largest crypto exchange Binance, that disowned the Nischal Shetty-run crypto platform WazirX, on Monday said that it is removing the off-chain fund transfer channel between WazirX and Binance.…
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India may ban Chinese smartphones from under Rs 12K market: Report
New Delhi: The Indian government is reportedly planning to put curbs on China-based smartphone players from selling low-end smartphones (less that Rs 12,000) to give a much-needed boost to homegrown brands like…
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89% Indians wish to switch to 5G, most to change service provider to do so
New Delhi: As India gears up to usher in the 5G era, 89 percent of consumers wish to upgrade to 5G network in India while 48 percent would upgrade to 5G even…
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Ford India to sell its Gujarat plant for Rs 725.7 cr to Tatas
Chennai: In line with the earlier announcement, the Tata Passenger Electric Mobility Limited and Ford India Private Limited have inked the Unit Transfer Agreement for the acquisition of the latter’s plant in…
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Baidu bags first permits for fully driverless ‘robotaxis’ in China
Beijing: Chinese Internet giant Baidu on Monday said it will soon ply fully driverless taxis in Chongqing and Wuhan cities via its autonomous ride-hailing unit called Apollo Go, becoming the first company…
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5G roll out likely in a month: Centre
New Delhi: The country is likely to witness the roll out of the much awaited high speed 5G mobile services in about a month’s time. “In about a month, 5G mobile services…
