Business
-
Healthtech platform mFine lays off over 50% of its workforce
New Delhi: After Healthtech platform mFine laid off over 50 per cent of its total workforce (more than 500 employees), Prime Venture Partners which is one of its existing investors said on…
-
Multi-access edge computing spend to reach $23 bn globally by 2027
New Delhi: The global spending on multi-access edge computing (MEC) is likely to reach $22.7 billion by 2027, from $8.8 billion this year, a new report said on Monday. According to Juniper…
-
Rupee rises 4 paise to 77.66 against US dollar in early trade
Mumbai, May 23 (PTI) The rupee appreciated 4 paise to 77.66 against the US dollar in the opening trade on Monday as a positive trend in domestic equities and weak American currency overseas…
-
Tesla FSD beta update brings new visuals, impresses testers
San Francisco: Electric vehicle company Tesla has released Full Self-Driving (FSD) 10.12.1 beta to its Early Access Programme that includes new visuals for open car doors and also displays turn signals on…
-
North America’s smartphone shipments reach 39 mn units in Q1
Bengaluru: North American smartphone shipments reached 39 million units in Q1 2022, up 3.7 per cent year on year, according to a new report. Apple grew 19 per cent to achieve a…
-
Paytm FY22 results: Revenue jumps 77% to Rs 4,974 cr, losses reduce 8% to Rs 1,518 cr
New Delhi: One97 Communications Limited (OCL) that owns the brand Paytm, Indias leading mobile payments and financial services company, announced its quarter-ending March 2022 and full financial year FY22 results. The company…
-
TVS Motor unveils new iQube electric scooter
Bengaluru: Two-and-three wheeler manufacturer TVS Motor has unveiled a new iQube electric scooter in three avatars that comes loaded with several interesting features. With a starting price of Rs 98,564, the new…
-
Hyundai to build $5.5 bn EV, battery plant in US
Seoul: South Korea’s Hyundai Motor Group said on Saturday that it will invest $5.54 billion to build a dedicated electric vehicle and car battery manufacturing plant in the US to further solidify…
-
FDI inflow hits all-time high of USD 83.57 bn in 2021-22
New Delhi: Total foreign direct investment into India rose 2 per cent to the “highest ever” USD 83.57 billion in 2021-22 on account of various measures like policy reforms and ease of…
-
Hyundai chief to drum up support for air mobility, robotics with Biden
Seoul: Chung Eui-sun, the chief of South Korea’s auto giant Hyundai Motor Group, was expected to ask for Washington’s support for the group’s push in burgeoning sectors that include urban air mobility…
-
Indian regulator sends notices to Ola, Uber for unfair trade practices
New Delhi: The Central Consumer Protection Authority (CCPA) issued notices to Ola and Uber for unfair trade practices and violation of consumer rights on Friday. It slammed the ride-hailing platforms over lack of…
-
Musk sees net worth shrink by $12 bn amid ESG fiasco
San Francisco: Tech billionaire Elon Musk recently saw over $12 billion wiped off his net worth following Tesla stock’s recent drop and the S&P Global Ratings’ decision to boot Tesla from its…
-
Markets rebound after heavy decline in previous trade
Mumbai: Equity benchmarks made a sharp recovery on Friday after a heavy decline in the previous trade, with the Sensex jumping 907 points in early trade, tracking positive trends from Asian markets.…
-
Vintage Mercedes sells for nearly Rs 1,100 cr, becomes world’s most expensive car
Toronto: A vintage 1955 Mercedes-Benz has been sold for $143 million (about Rs 1,100 crore), making it the most expensive car ever sold at an auction. Canada-based RM Sotheby’s announced that it…
-
Bezos reminds Amazon baiters how Wall Street, Business Week pundits missed a $62bn biz
New York: Jeff Bezos – who now owns 10 per cent of the company after he and wife MacKenzie divorced in 2019 after 25 years of marriage and he transferred a quarter…
