Business
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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…
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Reckitt Benckiser CEO Laxman Narasimhan steps down abruptly
London: Laxman Narasimhan, the CEO of Dettol disinfectant maker Reckitt Benckiser, has abruptly announced his resignation in order to take up a new job in the US, surprising investors after a relatively…
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Govt received Rs 7,85,914 crore till July, incurred Rs 11,26,745 crore as expenses
New Delhi: The Union government received Rs 7,85,914 crore till July 2022, consisting of Rs 6,66,212 crore in terms of tax revenue, Rs 89,583 crore of non-tax revenue, and Rs 30,119 crore…
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Hyundai, Kia global sales rise in August despite chip shortage
Seoul: Hyundai Motor, South Korea’s biggest carmaker, said on Thursday that its sales rose 12 percent in August from a year earlier despite an extended chip shortage. Its subsidiary Kia’s sales also…
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Premium smartphone ASP reaches record high at $780, Apple leads
New Delhi: The average selling price in global premium smartphone market ($400 and above) grew 8 per cent (year-on-year) to reach a record $780 in the June quarter this year, a new…
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GST collections stood at Rs 1,43,612 cr in Aug
New Delhi: The gross GST revenue collections in August witnessed a 28 per cent jump year-on-year basis, as they stood at Rs 1,43,612 crore during the month. According to figures released by…
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Apple may use hybrid OLED tech for future iPads
San Francisco: Tech giant Apple may use “hybrid” OLED technology, which incorporates rigid and flexible OLED panel materials, as part of its rumoured plans to switch to OLED technology for upcoming iPad…
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This Samsung gaming monitor doesn’t need a PC or console
Seoul: Ahead of IFA 2022 in Berlin, Samsung Electronics has announced the new gaming monitor — Odyssey OLED G8 (G85SB) — that doesn’t need a PC or console. The company said that…
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Homegrown Twitter rival Koo lays off 40 employees in ‘realignment’ move
New Delhi: Homegrown Twitter rival Koo has laid off at least 40 people, mostly from its operations and backend teams, and the micro-blogging platform said on Thursday that it is realigning its…
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Moody’s slashes India’s economic growth forecast to 7.7% for 2022
New Delhi: Moody’s Investors Service on Thursday slashed India’s economic growth projection for 2022 to 7.7 per cent, citing dampening of economic momentum in coming quarters on rising interest rates, uneven monsoon,…
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SpiceJet CFO resigns as airline reports net loss of Rs 789 crore
New Delhi: As SpiceJet recorded a net loss of Rs 789 crore, the airline’s Chief Financial Officer Sanjeev Taneja resigned on Wednesday. SpiceJet said in a regulatory filing, said that its Chief…
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Tata Steel to implode obsolete unit at Jamshedpur
Chennai: Steel major Tata Steel Ltd on Wednesday said it will carry out a planned implosion, on September 4, of an obsolete unit at a coke oven that is not in operation in…
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India’s Q1 GDP logs 13.5% growth, experts say lower than expected (Lead)
New Delhi/Chennai: India’s economic growth rose to 13.5 per cent in the first quarter of the current fiscal (2022-23), a huge jump from 4.1 per cent growth recorded in the final quarter…
