Business
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Factors leading to rise in inflation in India
Mumbai: India has been witnessing a sharp rise in the inflation rate since September last year due to spike in crude oil prices in the international market and increase in commodity prices…
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Homegrown Polymatech to invest $1 bn in chip manufacturing in India
New Delhi: Domestic chip manufacturer Polymatech Electronics on Wednesday said it will invest $1 billion in the country towards semiconductor manufacturing by 2025. Polymatech has signed a memorandum of understanding (MoU) with…
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Kia India to offer six airbags as standard fitment in Seltos
New Delhi: Kia India on Wednesday said it will offer six airbags as standard fitment in its mid-sized SUV Seltos. The decision to provide six airbags on all the trims of the…
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Markets rally for 6th day: Investor wealth jumps over Rs 13.53 lakh cr
New Delhi: Investors have became richer by over Rs 13.53 lakh crore in six days, with equity benchmarks on a winning run amid foreign fund inflows and supportive global cues. The 30-share…
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Average inflation rate highest in 2022, at 6.82%, since 2014
New Delhi: Amid the debate over price rise and inflation in the country, a comparison of government data since the year 2014 discloses that the all India average inflation rate is highest…
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Domestic investor holding at all time high in June 2022 quarter
New Delhi: Share of domestic institutional investors (DIIs), which includes domestic mutual funds, insurance companies, banks, financial institutions, pension funds along with retail and High Net-worth Individual (HNI) investors reached an all…
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Airtel picks Nokia, Ericsson for 5G deployment in India
New Delhi: As India completed its mega 5G spectrum auction, telecom service provider Bharti Airtel on Wednesday announced that it has awarded its 5G contract to tech giants Nokia and Ericsson in…
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Balaxi Pharmaceuticals reports continued solid growth in Q1 FY23
Hyderabad: Balaxi Pharmaceuticals Limited (Balaxi), a branded IPR-based pharmaceutical company headquartered in Hyderabad, reported its results for the first quarter of the financial year 2023 ended June 30, 2022. Financial Highlights: Quarterly…
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Solana crypto wallets worth millions drained in major hack
New Delhi: In yet another major cryptocurrency hack, the popular blockchain Solana on Wednesday reported that an unknown bad actor has drained funds from 7,767 wallets on the Solana Network. However, Blockchain…
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Apple sued by French developers over App Store fees: Report
San Francisco: Tech giant Apple is facing an antitrust lawsuit over its App Store fees that is filed by a group of French iOS app developers. The plaintiffs are accusing Apple of…
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Uber reports $2.6 bn loss in Q2, gross bookings at all-time high
San Francisco: Uber Technologies on Tuesday said that gross bookings reached an all-time high of $29.1 billion in the second quarter (Q2) this year, up 33 per cent (year-over-year), with reporting net…
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BMW recalls some of its electric cars over battery fire risk
San Francisco: BMW has issued a recall for some of its electric cars as the high voltage battery “may have internal damage”, which can result in an electrical short circuit. The recall…
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Rupee rises 12 paise to 78.94 against US dollar in early trade
Mumbai: The rupee appreciated 12 paise to 78.94 against the US dollar in opening trade on Tuesday, supported by foreign fund inflows and a weak greenback against key rivals overseas. Besides, softening…
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Hero Electric sells close to 9K EV 2-wheelers in July, tops segment
New Delhi: Hero Electric led the EV two-wheeler segment, selling 8,952 vehicles for the entire month, followed by Okinawa Autotech at 8,094 vehicles, the latest VAHAN data has revealed. Ather Energy sold…
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We’ll celebrate ‘Azadi ka Amrit Mahotsav’ with 5G rollout: Akash Ambani
Mumbai: Leading telecom operator Reliance Jio said on Monday that it has acquired spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz, and 26GHz bands in the auctions conducted by the Department of Telecommunications…
