Business
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Twitter an accelerant to fulfil my vision of a super app: Musk
New Delhi: Tesla CEO Elon Musk has said that buying Twitter is to fulfil his dream to build a super app called X.com like China’s WeChat that will be available to all…
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OPEC announces big cut in oil production
London: OPEC+ said on Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the Covid-19 pandemic, media reports said. The group…
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Hyundai, Kia’s US sales up 4.4% amid chip shortage
Seoul: Hyundai Motor Group said on Wednesday its vehicle sales in the United States rose 4.4 percent last month from a year earlier despite the extended chip shortage. Hyundai, its affiliate Kia…
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Twitter, Musk confirm plan to close $44 bn deal, shares up 22%
San Francisco: Twitter on Wednesday said it has received a letter from Elon Musk to go ahead with their original deal of $54.20 per share (or $44 billion). Twitter shares went up…
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Rupee trade paves the way to Russia
New Delhi: The efforts of the Indian central bank to promote trade in rupees are bringing results, with state-run UCO Bank receiving necessary RBI approvals to open a special rupee vostro account…
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5G launch in India to scale up tech; to help other developing economies: Qualcomm CEO
New Delhi: The launch of 5G services in India will be a “catalytic event” in terms of scaling up the technology and enabling its proliferation in other developing economies across Latin America,…
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Rupee rises 29 paise to close at 81.53 against US dollar
Mumbai: The rupee appreciated by 29 paise to end at 81.53 (provisional) against the US dollar on Tuesday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment.…
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Apple supplier Foxconn logs strong growth, says cautiously optimistic on Q4
New Delhi: Major Apple supplier Foxconn on Tuesday announced its consolidated revenue for the month of September and the third quarter, saying it is “cautiously optimistic” about the outlook for the festive…
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With 950 billionaires, Asia outnumbers all other regions
Tokyo: When it comes to the number of billionaires by region, Asia now has 951 outnumbering all other regions. North America has 777 billionaires and Europe, 536. A region-by-region analysis of assets…
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Sensex, Nifty rebound over 2 pc amid relief rally in global markets
Mumbai: Benchmark indices Sensex and Nifty bounced back on Tuesday to close over 2 per cent higher amid positive trends in global equity markets. The 30-share BSE Sensex spurted 1,276.66 points or…
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Slow recovery of low income households slowed down India’s economic recovery
Chennai: The slow economic recovery of the low income households post Covid-19 pandemic has resulted in the overall economic recovery of the country, said Kotak Securities Ltd. In a research report, Kotak…
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Bajaj Electronics IPO to remain open till October 7
Mumbai: The Initial Public Offering (IPO) of Electronic Mart India Limited (EMIL), (Bajaj Electronics) will remain open till October 7. The price band for a share of EMIL has been fixed at…
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Samsung may unveil affordable Galaxy A54 next year
Seoul: South Korean tech giant Samsung is reportedly working on a new affordable Galaxy A-series smartphone that will likely sport a 50MP primary camera sensor. According to GizmoChina, the device is currently…