Business
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Indian auto ancillaries moving towards EVs, green manufacturing
Chennai: Sensing a global opportunity in the electric vehicles (EV) segment, Indian automotive ancillaries are shifting gears in sync with the trend, said a top industry sector official. Many of the players…
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Apple grabs 62% premium market share in Q1 2022
New Delhi: Apple continued to lead the global premium market in Q1 2022, taking 62 per cent market share for the second consecutive quarter, a new report showed on Thursday. This was…
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Uber dismisses claim that it planned to exit Indian market
New Delhi: Uber on Thursday refuted a report that claimed the ride-hailing major planned to exit the Indian market and held discussions with potential buyers to sell its India business. Bloomberg reported…
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Pine Labs acquires API fintech startup Setu
New Delhi: Merchant commerce platform Pine Labs on Thursday announced it is acquiring Bengaluru-based application programming interface (API) fintech startup Setu for an undisclosed sum. Setu’s APIs are being used across industry…
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Google paying Wikimedia Foundation to access its content more efficiently
San Francisco: Wikimedia Foundation, the nonprofit group behind Wikipedia, has announced that Google is one of the first companies to buy its commercial Enterprise service. Wikimedia Enterprise is a commercial product designed…
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Ford’s present and former workers in India are on the job look out
Chennai: With the US based Ford Motor Company deciding to shutdown its Maraimalainagar car plant near here, many employees/workers of Ford group in India are on the lookout for jobs. “With Ford…
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37% of firms in India experienced a Cloud data breach in past year: Report
New Delhi: Nearly 37 per cent of Indian organizations have experienced a Cloud-based data breach or failed audit in the past 12 months, up from the previous year (33 per cent), a…
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DoT scraps 3% floor rate on 5G spectrum usage charge
New Delhi: In a big relief for telecom companies, the Department of Telecommunications (DoT) has scrapped the 3 per cent floor rate on spectrum usage charge (SUC). As the government prepares for…
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Twitter board recommends $44 bn buyout by Elon Musk
San Francisco: As Elon Musk fixes a few ‘unresolved matters’ with Twitter, the company’s board has recommended the $44 billion buyout. In a fresh regulatory filing with the US Securities and Exchange…
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Samsung to announce mass production of 3nm chip next week
Seoul: Samsung Electronics is expected to announce mass production of 3-nanometer semiconductors next week, sources said on Wednesday, beating its foundry rival TSMC in advanced chipmaking process. The next-generation 3nm chips will…
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If Tatas can’t make Air India work, no one else in India can: Emirates President
Doha: It is not easy for an airline to operate in India and if the Tata Group cannot make Air India work, no one else in the country will be able to…
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Rupee drops 15 paise to 78.13 against US dollar
Mumbai: Snapping its three-day rising streak, the rupee declined 15 paise to close at 78.13 against the US dollar on Tuesday as persistent foreign fund outflows and a jump in crude oil…
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Cryptocurrency exchange Vauld cuts workforce by 30%
New Delhi: Cryptocurrency exchange Vauld on Tuesday said it has decided to reduce its headcount by about 30 percent, as the global crypto market nosedives amid volatile market conditions. Darshan Bathija, Co-founder…
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Indian investors lost Rs 1,000 cr to fake crypto exchanges: Report
New Delhi: Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the global crypto market tanks, a new report claimed on Tuesday. Cyber-security company…
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Tesla lays off head of LGBTQ+, diversity lead
San Francisco: Amid CEO Elon Musk’s “woke mind virus” concerns, electric vehicle company Tesla has laid off both the president of its LGBTQ+ community and a lead involved in diversity and inclusivity…
