Business
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Indian stock markets rise on Thursday
Mumbai: The Indian stock indices went up on Thursday with the BSE Sensex gaining 1,041.47 points and the NSE Nifty 287.80 points. The Sensex closed at 56,857.79 points while the broader Nifty…
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Apple ropes in Lamborghini executive to help boost EV programme
San Francisco: With an aim to boost its electric autonomous vehicle programme, tech giant Apple has onboarded a veteran Luigi Taraborrelli of car maker Lamborghini, media reports say. According to Taraborrelli’s LinkedIn…
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Samsung logs record $8.5 bn profit on server chips, warns of market uncertainties
Seoul: Samsung Electronics on Thursday reported its second-quarter net profit of $8.5 billion, up 15.2 per cent from a year earlier, on the back of robust demand for server chips. Operating profit…
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Rivian bids goodbye to nearly 800 employees: Report
San Francisco: With an aim to ramp up future versions of its electric vehicles, electric car maker Rivian has confirmed that it is laying off around 6 per cent of its 14,000…
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Qualcomm sales up 37%, mobile biz crosses $6 bn riding on Snapdragon chips
New Delhi: Chip-maker Qualcomm has reported a 37 per cent rise in its revenue in the June quarter despite challenging macro-economic environment, announcing the extension of its patent license agreement with Samsung…
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5G telecom spectrum auction enters Day 3
New Delhi: The auction for the 5G telecom spectrum has garnered bids worth Rs 1,49,454 crore at the end of the second day and the bids for the much-awaited spectrum sale are…
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Govt extends Rs 1.64 lakh cr lifeline to BSNL
New Delhi: The government on Wednesday approved a Rs 1.64 lakh crore revival package for BSNL, comprising of converting dues into equity, financial support and allocation of spectrum in a bid to…
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Google now monetising YouTube Shorts, early results encouraging
New Delhi: In the era of TikTok, Google-owned YouTube Shorts is catching up fast and the company has seen encouraging results in its early monetisating efforts on the short-video making platform. Philipp…
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Rupee falls 10 paise to 79.88 against US dollar in early trade
Mumbai: The rupee depreciated 10 paise to 79.88 against the US dollar in opening trade on Wednesday tracking the strength of the greenback in the overseas market and firm crude oil prices.…
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Audi to focus on electric vehicles from 2033: Official
Coimbatore: German luxury car maker Audi would be focusing only on electric vehicles by 2033 and would stop making cars run on international combustion engines (ICE), a top official said on Tuesday.…
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Gold falls Rs 28; silver declines Rs 203
New Delhi: Gold in the national capital on Tuesday fell by Rs 28 to Rs 51,192 per 10 grams, according to HDFC Securities. In the previous trade, the yellow metal finished at…
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Sensex, Nifty slide nearly 1 pc on losses in IT, banking shares
Mumbai: Benchmark BSE Sensex and Nifty slid by nearly 1 per cent on Tuesday due to profit booking in IT, banking and FMCG shares ahead of the expected aggressive rate hike by…
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Cloud-based travel tech platform Spotnana raises $75 mn
New Delhi: Cloud-based travel technology provider Spotnana on Tuesday said it has raised $75 million in its Series B funding round led by Durable Capital Partners LP. Founded by Sarosh Waghmar and…
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Zomato must have acquired Swiggy than Blinkit to avoid bloodbath: Ashneer Grover
New Delhi: Former BharatPe Co-founder and managing director Ashneer Grover said on Tuesday that Zomato should have acquired its arch rival Swiggy than 10-minute grocery platform Blinkit to avoid the mayhem it…
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Meta’s fact-checking programme will now include more Indian languages
New Delhi: Meta, formerly known as Facebook, on Tuesday announced that it is expanding its third-party fact-checking programme in India to include NewsMeter – a fact checker primarily focused on the southern…
