Business
-
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…
-
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 —…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
Dogecoin crypto investor sues Elon Musk for $258 bn in US
San Francisco: As millions of investors lose their hard-earned money in the global crypto meltdown, an American Dogecoin cryptocurrency investor has sued Elon Musk, Tesla and SpaceX for $258 billion for allegedly…
-
Majority of Ford India’s workers continue protest, some resume duty
Chennai: While the majority of Ford India Private Ltd’s about 2,600 workers at its Maraimalai Nagar plant near here are continuing their protest demanding a better severance package, a small group of…
-
Rupee recovers from record low, spurts 12 paise to 78.10 per US dollar
Mumbai: The rupee recovered from its record low to close 12 paise higher at 78.10 against the American currency on Thursday, tracking the overnight weakness of the dollar and falling crude oil…
-
Reserve Bank of India lifts restrictions on Mastercard
Mumbai: The RBI on Thursday lifted restrictions on Mastercard that it had imposed last year for failing to comply with local data storage norms. The central bank had barred the US-based payment…
-
Samsung reduces procurement orders amid inventory pressure: Report
Seoul: Samsung Electronics has reportedly halted new procurement orders for a brief period, telling suppliers to either delay or reduce shipments of components and parts owing to global macro-economic conditions like rising…
-
Higher unemployment rate looms in US as Fed fights inflation: WSJ
New York: US Federal Reserve officials are beginning to signal that their efforts to tackle scorching inflation by raising interest rates may lead to higher unemployment, said an article published Monday by…
-
Tesla FSD Beta V.11 likely to be ready for wide release soon: Musk
San Francisco: Tech billionaire Elon Musk has estimated that his electric vehicle company Tesla’s full self-driving (FSD) Beta version 11 would be ready for wide release by the summer of 2022. A…
