Business
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Rupee drops 15 paise to 78.13 against US dollar
Mumbai: Snapping its three-day rising streak, the rupee declined 15 paise to close at 78.13 against the US dollar on Tuesday as persistent foreign fund outflows and a jump in crude oil…
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Cryptocurrency exchange Vauld cuts workforce by 30%
New Delhi: Cryptocurrency exchange Vauld on Tuesday said it has decided to reduce its headcount by about 30 percent, as the global crypto market nosedives amid volatile market conditions. Darshan Bathija, Co-founder…
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Indian investors lost Rs 1,000 cr to fake crypto exchanges: Report
New Delhi: Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the global crypto market tanks, a new report claimed on Tuesday. Cyber-security company…
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Tesla lays off head of LGBTQ+, diversity lead
San Francisco: Amid CEO Elon Musk’s “woke mind virus” concerns, electric vehicle company Tesla has laid off both the president of its LGBTQ+ community and a lead involved in diversity and inclusivity…
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About 1,100 workers resume duty at Ford India’s Chennai plant
Chennai: About 1,100 workers have resumed work at the Ford India Private Ltd’s Maraimalainagar plant near here even though an agreement between the workers’ union and the management on severance package has…
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Indian cyber agency warns users of multiple bugs in Cisco products
New Delhi: The Indian Computer Emergency Response Team (CERT-In) which comes under the IT Ministry on Monday issued an advisory over three serious vulnerabilities in networking major Cisco products that could help…
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Saudi stock market drops to 4.4%; index below 11,300 points
The general index of the Saudi stock market ‘TASI’ deepened its losses at the close, falling by 4.44 percent (equivalent to 525 points) at the end of trading on Sunday, the first…
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Domestic funds counter FII selling spree
New Delhi: While FIIs are on a selling spree in the Indian markets, domestic institutions, including mutual funds and insurance companies, have been acting as a buffer, driven by the large inflow…
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Bitcoin falls below $18K, Ethereum down 80% in freezing crypto winter
New Delhi: Leading cryptocurrency Bitcoin dropped below $18,000 per digital coin on Sunday — a massive over 70 per cent drop from its record high of $68,000 in November last year —…
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End of the crypto craze? Indian investors wary as mega sell-off continues
New Delhi: As foreign portfolio investors continue to pull out money from the Indian equity market, the sell-off in the crypto market and the digital asset space has also accelerated in the…
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ByteDance shuts game development studio, lays off over 100
Hong Kong: China-based ByteDance has shut down a game development studio, laying off more than 100 employees, media reports said. ByteDance, TikTok’s parent company, shut down the ‘101 Studio’ in Shanghai it…
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Reddit acquires machine learning platform Spell
San Francisco: Popular online discussion forum Reddit is acquiring machine learning (ML) platform Spell for an undisclosed sum. Founded by former Facebook engineer Serkan Piantino in 2016, Spell provides cloud computing solution…
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Sony, Honda join hands for new EV company
Tokyo: Tech giant Sony and automaker Honda have joined hands to establish a new company that will engage in the sale of high-value-added electric vehicles (EVs) and provide services for mobility. The…
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Ferrari says 60% of its lineup will be electrified by 2026
Maranello (Italy): At an investor presentation, luxury carmaker Ferrari has announced that it will be 60 per cent electrified by 2026. The carmaker said that by 2026 Ferrari targets a well-diversified product…
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Homegrown esports startup FanClash raises $40 mn to go global
New Delhi: Homegrown esports startup FanClash on Friday said it has raised $40 million in its Series B funding to expand its global footprint. Founded in mid-2020, FanClash recently expanded to the…
