Business
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Swiggy, Zomato invest in restaurant management platform UrbanPiper
Bengaluru: Restaurant management platform UrbanPiper on Monday announced it has raised $24 million led by existing investors Sequoia Capital India and Tiger Global, and new investors Swiggy and Zomato. The platform aims…
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Twitter board must be concerned about other bidders not me: Musk
San Francisco: Tesla and SpaceX CEO Elon Musk on Sunday said that the Board of Twitter should be more concerned about other potential bidders than him who has made a fair offer…
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Byju’s-owned WhiteHat Jr logs huge Rs 1,690 cr loss in FY21
New Delhi: Byju’s-owned online coding platform WhiteHat Jr has posted a massive Rs 1,690 crore loss in the financial year 2021, while generating an operating revenue of Rs 484 crore in the…
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HDFC Bank’s Q4FY22 net profit up 22.8% YoY
Mumbai: Lending major HDFC Bank on Saturday reported a year-on-year rise of 22.8 percent in net profit for the fourth quarter of FY22 ended March 31. The bank’s net profit increased to…
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Mercedes-Benz EV threatens Tesla with record 1,000 KM on single charge
New York: In a strongest challenge to Elon Musk’s Tesla in the electric vehicle (EV) market, Mercedes-Benz has unveiled its long-range ‘Vision EQXX’ concept car that travelled over 1,000 kms on a…
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US judge reduces $137 mn penalty linked to racial abuse against Tesla
San Francisco: Electric vehicle company Tesla has managed to convince a judge to slash the historic $137 million award it was supposed to pay a former employee as part of a racial…
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Alliance Air becomes Centre’s independent business unit
New Delhi: Regional airline Alliance Air has become an independent business unit under the Central government’s control. Alliance Air was an esrtwhile part of Air India prior to the latter’s divestment. At…
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Maruti Suzuki launches next-gen Ertiga MPV
New Delhi: Automobile major Maruti Suzuki India on Friday launched the next-gen Ertiga MPV. As per the company, the next generation of the MPV is powered by an all-new ‘Next-Gen’ K-series 1.5L…
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IMF to downgrade forecast for over 140 economies amid Russia-Ukraine conflict
Washington: The International Monetary Fund (IMF) Chief said the organisation will revise down its global growth forecast amid the Russia-Ukraine conflict, the impact of which will contribute to downgrades for 143 economies…
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Ashneer saga has no impact on our growth: BharatPe
New Delhi: Fintech platform BharatPe on Thursday refuted reports that its financial condition was hit owing to the Ashneer Grover saga, saying that it currently has $400 million in the bank with…
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RIL weighing possible bid for Walgreens’ Boots chain
New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd. is weighing a possible bid for Walgreens Boots Alliance Inc.’s international drugstore unit, according to people familiar with the matter, Bloomberg reported. Reliance is…
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Elon Musk offers $54.20 per share in cash to buy Twitter
San Francisco: Tesla CEO Elon Musk on Thursday made his “best and final” offer of $54.20 per share in cash to buy 100 per cent of Twitter, in an updated filing with…
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Hyundai to invest $300 mn in US plant for eco-friendly cars
Seoul: Hyundai Motor said on Wednesday it will invest 370 billion won ($300 million) in its US plant to begin the production of environment-friendly vehicles there later this year. Hyundai Motor will…
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Ukraine war will slow down post-Covid recovery in South Asia: World Bank
Washington: The World Bank has said in a new report that the war in Ukraine will slow down South Asian countries recovery from economic devastation caused by the Covid-19 pandemic, though the…
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Toyota to launch 1st all-electric SUV on May 12 that starts from $42K
Tokyo: Toyota will launch its first full-electric vehicle (EV) in May that starts from $42,000 and offers superior power efficiency performance and sufficient cruising range for practical driving. Called bZ4X BEV (battery…
