Business
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Mukesh Ambani becomes poorer by nearly $14 billion in 20 days
New Delhi: Reliance Industries Limited (RIL) chairman Mukesh Ambani became poorer by nearly $14 billion as his net worth declined to $90.8 billion in 20 days. Although he continues to hold the…
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Quicker rate hikes likely as consumer inflation reaches 8-year high
New Delhi: Sounding a red alert on India’s CPI inflation at an 8-year high print of 7.79% YoY in April, Acuite Ratings has said it may trigger quicker rate hikes. “If inflation…
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65-yr-man suffers injuries as Ola Electric’s reverse mode fails
New Delhi: In yet another tragic incident involving Ola Electric’s controversial ‘reverse mode’, a 65-year-old man in Jodhpur suffered serious injuries after the Ola e-scooter unexpectedly went into a reverse mode at…
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Gold price falls Rs 360 on international trends, rupee appreciation
New Delhi: Gold price declined Rs 360 to Rs 50,127 per 10 grams in the national capital on Friday, reflecting an overnight slump in international precious metal prices and rupee appreciation, according…
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More heat for Indian consumers as ACs set to get 3-4% costlier
New Delhi: Hit by multiple factors such as rising fuel costs and global component shortages, Indian AC manufacturers said on Friday that they have no alternative but to pass off the burden…
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It’s Elon Musk vs Parag Agrawal at Twitter as platform suffers
New Delhi: With Elon Musk putting the $44 billion Twitter deal temporarily on hold on Friday, serious questions now linger on the future of the platform that is battling multiple issues —…
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Cloud tech empowering us to have an edge in running healthcare biz: Tata 1mg
New Delhi: The Indian online healthcare market has seen an exponential growth in the last two years of the pandemic. Valued at Rs 460 billion in 2020, it is expected to reach…
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Zoom acquires conversational AI platform Solvvy
New Delhi: Video chat app Zoom is acquiring Solvvy, a conversational AI and automation platform for customer support, for an undisclosed sum, the company said on Friday. The company, which recently launched…
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Reliance Industries is top Indian company in Forbes Global 2000 list
New Delhi: On the Forbes Global 2000 list, Reliance climbed two spots to No. 53 among all public companies worldwide and ranked first among Indian companies. Earlier this year, Forbes estimated Mukesh…
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$33mn pledged to tackle oil tanker threat off Yemen coast: UN
Sanaa: International donors have pledged $33 million to prevent a major oil spill from a decaying tanker anchored off Yemen’s western coast, the UN said. The commitments were announced at a pledging…
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Rupee rebounds from all-time low; rises 19 paise to 77.31/USD
Mumbai: After closing at an all-time low against the US dollar on Thursday, the rupee recovered some lost ground to trade at 77.31 against the US dollar in morning trade on Friday…
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Companies committed to cut emissions represent $38 tn economy: Report
New Delhi: A record number of companies are committing to and setting science-based climate targets, according to a new research by the Science-Based Targets Initiative (SBTi), the global body enabling businesses to…
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Equity indices up in opening deals
New Delhi: Indian equity benchmark indices climbed in opening deals on Friday led by gains across all sectoral indices after a steep fall in the previous session and a consistent decline in…
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Investors shed Rs 5 lakh cr as Dalal Street witnesses bloodbath
New Delhi: Equity investors lost over Rs 5 lakh crore on Thursday as indices took a deep plunge due to the persisting high inflation in the US, below expected corporate earnings, amid…
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Opinion: The what and why of stock market crimes
By Prabhakar Kaza Fraud is never accidental. Much as most fraudsters have tried to convince the Press and the Judiciary, it is invariably pre-meditated. Above all, fraudsters know that it is their…
