Business
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Saudi Arabia, China discuss stability of global oil market
The Saudi Arabia Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz and National Energy of the People’s Republic of China, Zhang Jianhua on Friday affirmed their readiness to cooperate in maintaining the…
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UAE: Gold prices drops to year’s low ahead of Dhanteras, Diwali
Abu Dhabi: The gold prices in the United Arab Emirates (UAE) have significantly dropped to a new one-year low on the weekend ahead of Dhanteras and Diwali celebrations. On Friday morning, 22…
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Rupee slips 9 paise to close at 82.88 against US dollar
Mumbai: The rupee slipped 9 paise to close at 82.88 against the US dollar on Friday amid a strong greenback overseas. At the interbank foreign exchange market, the local currency opened at…
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Infosys formalizes moonlighting
Bengaluru: Software giant Infosys softening its stand on moonlighting has allowed its staffers to take up external work with prior permission, sources stated on Friday. The company has intimated the employees on…
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Reliance Capital binding bids submission deadline extended to Nov 20
Mumbai: Reliance Capital Committee of Creditors (COC) has decided to extend the date of submitting the binding bids from October 31 to November 20. This extension has been granted in view of…
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Musk plans to cut 75% of Twitter staff if he takes over: Report
San Francisco: As part of his bid to acquire Twitter, tech billionaire Elon Musk is reportedly planning to lay off close to 75 per cent of the microblogging site’s workforce. Job cuts…
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Apple may launch macOS for M2 iPad Pro
San Francisco: Apple might launch a smaller version of macOS exclusive for the M2 iPad Pro. The device might still run iPad-optimised apps and not macOS versions, reports AppleInsider. To make the…
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BMW Group to invest $1.7 bn to build EVs in US
San Francisco: Leading automaker BMW Group has announced that it will invest $1.7 billion to build electric vehicles (EVs) in the US. The investment includes $1 billion to prepare for producing electric…
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Mumbai: Adani to install 1.80 mn Smart Meters for BEST power consumers
Mumbai: The Adani Group has bagged a bid to install 10.80 lakh (1.80 million) “Smart Meters” for electricity consumers of the Bombay Electric Supply & Transport (BEST), which will ’empower’ the distributor…
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Uber launches its advertising division, will show video ads during rides
San Francisco: Ride-hailing platform Uber has launched its advertising division to engage consumers with brands, by showing video advertisements during the ride. The company introduced ‘Uber Journey Ads’, an entertaining method for…
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India has more centi-millionaires than UK, Russia: Report
New Delhi: With levels of poverty, inflation and hunger notwithstanding, India ranks third in the world’s first-ever global study on the rise of centi-millionaires — individuals with assets of more than Rs…
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Tesla doubles net income to $3.3 bn in Q3, automotive sales up 55%
San Francisco: Elon Musk-run Tesla has reported $3.3 billion in net income for the third quarter (Q3), more than double from a year ago, and its automotive revenue jumped 55 per cent…
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Penalties on OYO, MakeMyTrip, GoIbibo biggest win for hospitality sector: FHRAI
New Delhi: With the Competition Commission of India (CCI) on Wednesday imposing penalties of Rs 223.48 crores and Rs 168.88 crores on MMT-Go (GoIbibo and MakeMyTrip) and OYO, respectively, for anti-competitive conduct,…
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Gold falls Rs 276; silver declines Rs 487
New Delhi: Gold prices fell by Rs 276 to Rs 50,471 per 10 grams in the national capital on Wednesday due to weak global trends, according to HDFC Securities. In the previous…