Business
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Pakistan currency at all-time low against dollar
Karachi: The Pakistani currency depreciated by Rs 0.60 to an all-time low of Rs 188.66 against the US dollar in the interbank market on Tuesday, as looming uncertainty over the resumption of…
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Sony sells over 19 mn units of PlayStation 5
Tokyo: Japanese tech giant Sony said that it has sold just 2 million PlayStation 5 (PS5) units in the fourth quarter of 2021, bringing its overall total to 19.3 million. According to…
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Videotex to invest Rs 100 cr, set up new LED TV facility in Gr Noida
New Delhi: Consumer electronics contract manufacturer Videotex International on Tuesday announced to invest over Rs 100 crore and set up a new LED TV manufacturing facility in Greater Noida that will create…
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BharatPe to ‘claw back’ Ashneer’s restricted shares, blocks vendors
New Delhi: Leading fintech platform BharatPe on Tuesday said it has initiated necessary action against the company’s former founder Ashneer Grover to “claw back his restricted shares as per the shareholders’ agreement”…
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GST Council mulling 28% tax on Bitcoin, other cryptocurrencies
New Delhi: In what could further dampen the mood of crypto investors in the country, the goods and services tax (GST) council is mulling a 28 per cent tax on cryptocurrencies, at…
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Rs 16K is now record average selling price of smartphones in India
New Delhi: The average selling prices (ASPs) of smartphones continued to rise for the fourth consecutive quarter in India, hitting an all-time high of $211 (nearly Rs 16,323) in the January-March quarter,…
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New e-com players not showing country of origin for all products in India
New Delhi: Only four in 10 consumers in India say that e-commerce platforms are displaying the country of origin information for all products, a new report revealed on Monday. While most older,…
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RBI rate hike a surprise as it came between 2 review meetings: Sitharaman
New Delhi: The Reserve Bank of India’s (RBI) move to raise the policy rate is part of a synchronised action by the central banks, Union Finance Minister Nirmala Sitharaman has said, adding…
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Toyota Group signs MoU with Karnataka for Rs 4,800 crore investment
Bengaluru: The Toyota Group of Companies, comprising Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts, on Saturday announced a Memorandum of Understanding (MOU) signed with the Karnataka government to invest Rs 4,100…
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Jeff Bezos donates nearly $120 mn to nonprofit: Report
San Francisco: Tech giant Amazon’s founder Jeff Bezos has donated $118 million to a nonprofit, but it is unclear to which nonprofit he donated, media report said. According to a Securities and…
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Bitcoin, other cryptocurrencies in free fall after interest rate hikes
New Delhi: Bitcoin on Sunday witnessed another round of free fall, slipping below $35,000 per coin, as the global crypto market went through a massive slump of over 4.5 per cent in…
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Some BMWs shipping without Android Auto, CarPlay amid chip shortage
San Francisco: Due to the current chip shortage, luxury automobile manufacturer BMW is reportedly shipping some of its cars without Android Auto and CarPlay. Starting in 2019 and expanding in 2020, nearly…
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Musk ignores govt calls as India Tesla team moves to other markets
New Delhi: While Union Ministers keep on making a beeline to Tesla CEO Elon Musk to come and manufacture electric cars in India, he is more interested in his $44 billion Twitter…
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Ford may let car owners rev engines from a phone or key fob
San Francisco: US automaker Ford is working on a new technology that will allow owners to rev the engines of their vehicles remotely. According to Ford Authority, the technology would allow vehicle…
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Mukesh Ambani’s RIL becomes first Indian company to cross $100 bn annual revenue
New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday reported a 22.5 per cent rise in net profit for the quarter ended March on the back of bumper oil refining margins,…
