Business
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Hyundai to invest $13 bn in mobility software development
Seoul: Hyundai Motor Group said it will invest 18 trillion won ($13 billion) to apply an advanced software programme to all of its vehicles and offer its customers regular software updating services.…
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Only 2 Indian startups turned unicorns in Q3 amid funding winter
New Delhi: Only two startups in India, Shiprocket and OneCard, attained the unicorn status (valuation $1 billion and above) in the July-September period, mirroring a global trend in decline in the number…
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This is how OYO became profitable at operating level in Q1FY23, reveals Jefferies
New Delhi: As hospitality major OYO firms up plans for its initial public offering (IPO), financial services company Jefferies says that while the company saw one of the strongest first quarters in…
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Netflix signs up with BARB to reveal streaming viewership numbers
New Delhi: Netflix has collaborated with the UK TV rating agency BARB to reveal how many people are watching its streaming shows and movies. From the second week of November, BARB will…
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Toyota admits 300,000 customers’ data was leaked for 5 years
Tokyo: Automaker Toyota has revealed that personal information of nearly 300,000 customers may have been exposed since July 2017. In a statement, the car maker said that e-mail addresses and customer management…
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Dragonfly Energy completes SPAC listing to boost solid state battery biz
San Francisco: Battery technology company Dragonfly Energy has completed a listing through a merger with a special purpose acquisition company (SPAC). Dragonfly Energy, an industry leader in energy storage and producer of…
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RBI to tell govt why it failed to check inflation since Jan
New Delhi: With inflation staying above the upper tolerance limit for nine straight months, the Reserve Bank will now have to submit a report to the central government detailing reasons for the…
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India’s debt ratio projected to be 84 per cent of its GDP: IMF
Washington: India’s debt ratio is projected to be 84 per cent of its GDP by the end of 2022, which is higher than many emerging economies, but its debt is a little…
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Gold falls Rs 20; silver declines Rs 473
New Delhi: Gold prices in the national capital fell by Rs 20 to Rs 51,155 per 10 grams on Wednesday, according to HDFC Securities. In the previous trade, the precious metal had…
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Retail inflation rises to 7.41 pc in September on costlier food items
New Delhi: Retail inflation spiked to 7.41 per cent in September, mainly due to costlier food items. For the ninth month in a row, retail inflation has remained above the Reserve Bank…
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SBI, HDFC offer home loans at 8.40% as part of festive sales
Mumbai: Despite rising interest rates, leading home loan players SBI and HDFC have announced discounted interest rates beginning at 8.40 percent as part of their festive offerings. SBI in a statement said…
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BYJU’s consolidates India business, 5% workforce to be ‘rationalised’ across teams
New Delhi: Edtech major BYJU’S on Wednesday announced several measures to bolster its India business, saying that its K-10 business, which includes Toppr, Meritnation, TutorVista, Scholar, and HashLearn platforms, will now be…
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Hyundai Motor to update vehicle software on the go, to launch 2 EV platforms in 2025
Chennai: South Korea’s Hyundai Motor Group on Wednesday said it would transform all its models to software-defined vehicles by 2025. The group will also introduce vehicles in 2025 based on its two…
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Microsoft, Meta partner to deliver immersive experiences in VR
New Delhi: Microsoft and Meta have partnered to deliver immersive experiences in VR. This collaboration will bring Teams and Microsoft’s other productive tools to VR headset, and Meta gets a partner in…
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Several Facebook users, including Zuckerberg, loose many followers
San Francisco: A number of Meta-owned Facebook users, including the company’s CEO Mark Zuckerberg, have lost most of their following for unknown reasons, media reports said. Zuckerberg’s follower count is below 10,000…
