Business
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Global EV powertrain systems market to reach $107 bn by 2029
New Delhi: As more countries adopt electric vehicles (EVs), the EV powertrain systems Market is set to reach $107 billion by 2029, according to a new industry report. The EV production will…
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OnePlus 50-inch Y1S Pro TV is affordable, impressive
New Delhi: In an effort to bring some competition to the existing TV lineups in the country, global technology brand OnePlus has unveiled the latest smart TV — Y1S Pro — as…
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Samsung will overcome slowing sales with lifestyle TVs: Top executive
Berlin: Samsung Electronics is trying to keep up the growth momentum of its TV business with its Lifestyle TVs, a senior executive has said, a lineup designed to transform traditional TV roles…
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Gautam Adani may soon become second richest person in the world
Mumbai: Adani Group’s chairman Gautam Adani is likely to become the second richest person in the world as his net worth is expected to surpass Amazon CEO Jeff Bezos’s in the next…
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Global PC, tablet shipments to fall significantly in 2022 and 2023
New Delhi: Global shipments of traditional PCs are forecast to decline 12.8 per cent in 2022 to 305.3 million units while tablet shipments will fall 6.8 per cent to 156.8 million, according…
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CBDT issues refunds of over Rs 1.14 lakh crore
New Delhi: The Central Board of Direct Taxes (CBDT) said on Saturday that it has issued refunds of over Rs 1.14 lakh crore to more than 1.97 crore taxpayers between April 1…
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TN Electricity Regulatory Commission to issue orders on power tariff revision soon
Chennai: The Tamil Nadu Electricity Regulatory Commission (TNERC) will soon be issuing orders of increase power tariff hikes proposed by the Tamil Nadu power utility, Tamil Nadu Generation and Distribution Company (Tangedco).…
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Odisha registers 17% growth in gross GST collection in Aug
Bhubaneswar: The gross GST collection in Odisha has recorded 17.11 per cent growth in August 2022 against the collection made during August last year, officials said here on Friday. According to the…
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Rupee falls 14 paise to 79.70 against US dollar in early trade
Mumbai: The rupee depreciated by 14 paise to 79.70 against the US dollar in opening trade on Friday, weighed down by strength of the American currency in the overseas market. At the interbank…
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Commanding heights of India’s economy up for grabs in battle between Adani and Ambani
New Delhi: Gautam Adani and Mukesh Ambani, both billionaires, have in recent years become the best-known faces of Indian business. To supporters, they are patriotic nation-builders, using their sway and resources to…
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Markets settle flat in choppy trade; HDFC twins shine
Mumbai: The BSE Sensex ended with mild gains after a see-saw session on Friday, capping a week of volatility amid concerns over global growth and rate tightening by central banks. A depreciating…
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Hyderabad startup Skyroot Aerospace raises $51mn to boost small satellite launches
Hyderabad: In what is being seen as the largest funding round ever in the Indian space-tech sector, Skyroot Aerospace, a Hyderabad-based startup has successfully raised US$51 million (Rs 403 crore). The company…
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Indian-born Laxman Narasimhan is new CEO of Starbucks
Washington: Global coffee chain Starbucks has named Indian-born Laxman Narasimhan its next CEO. Narasimhan, who currently heads health and hygiene company Reckitt, will join Starbucks in October and take over from its…
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Samsung logs record 1 lakh pre-booking for new foldables in India
New Delhi: Samsung received a record one lakh pre-booking orders for its newly-launched Galaxy Z Flip4 and Galaxy Z Fold4 foldable smartphones in India, the company announced on Friday. The company said…
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SBI Ecowrap revises annual GDP growth for FY23 to 6.8%
Mumbai: A report by the SBI Ecowrap has now revised its annual GDP growth for FY23 to 6.8 percent, a large part of which is a statistical adjustment with growth momentum likely…
