Business
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Air India puts in place transformation plan; aims 30 pc domestic mkt share in 5 years
New Delhi: Air India aims to have a domestic market share of 30 per cent and significantly strengthen its international operations in next five years, with the Tatas-owned airline putting in place a…
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GDP growth, relative to pre-Covid levels, to double to 8.0% in Q2 FY2023: ICRA
Mumbai: The gross domestic product (GDP) is expected to grow double to 8 per cent in Q2FY23, from 3.8 per cent in Q1FY23, according to the ICRA estimates. “We project the GDP…
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Indian telecom players to follow China’s 5G call route:CLSA
Chennai: Indian mobile phone service providers will follow China’s 5G and industrial internet line, said CLSA Ltd in a research report. According to the report, Reliance Jio and Bharti Airtel will consolidate…
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Cyber attacks among the biggest risks we face: Saudi Aramco CEO
Riyadh: The CEO of Saudi oil company, Aramco said at a Global Artificial Intelligence Summit in Riyadh on Tuesday that cyber attacks are one of the biggest risks facing Aramco. Amin Hassan…
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European Union proposes $140 bn windfall tax on energy companies
London: The European Union wants to raise $140 billion by tapping the windfall profits of some energy companies to help households and businesses pay eye-watering gas and electricity bills, media reports said.…
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Tesla, Musk sued for misleading consumers over Autopilot, FSD claims
San Francisco: A Tesla owner has sued the electric car maker, saying the company and its CEO Elon Musk are “deceptively and misleadingly” marketing the Autopilot and “Full Self-Driving” software. Briggs Matsko…
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India’s trade deficit widens 139% to $27.98 bn in August
New Delhi: India’s trade deficit in August widened by 139 per cent to $27.98 billion from $11.71 billion recorded during the corresponding period of last year. According to Commerce Ministry data, India’s…
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Finance Minister calls for training of tax personnel for better tech usage
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday lauded the efforts of the Central Board of Indirect Tax and Customs (CBIC) and underlined the need for training personnel for better utilisation of…
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Adani now richer than Amazon CEO Jeff Bezos, set to become second richest person
Mumbai: Adani Group’s chairman Gautam Adani is now richer than Amazon CEO Jeff Bezos. He is also set to become the second richest person in the world as his net worth increases.…
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SBI hits Rs 5 lakh crore market capitalisation
Mumbai: State-owned lender, State Bank of India (SBI) hit the Rs 5 lakh crore market capitalisation on Wednesday after its shares touched a record high of Rs 564.45. With this market capitalisation,…
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Studies find online rummy suicides in TN highly exaggerated
Chennai: As the issue around online rummy becomes a highly political issue in Tamil Nadu, two independent studies have found that suicides in the state in the last one year attributed to…
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Tesla installs record 4K EV supercharger stations globally
San Francisco: Tesla, an undisputed leader in the electric car market, has installed nearly 4,000 supercharger stations globally, growing 34 per cent year-on-year. According to data compiled by Finbold, Tesla had 3,971…
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US court allows mega antitrust case against Google to proceed
San Francisco: A US court has allowed a larger antitrust case against Google to proceed that allege that the tech giant monopolised the ad-tech market and suppressed competition by its access to…
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Amazon moves Delhi HC against Rs 1 lakh CCPA penalty in pressure cooker case
New Delhi: E-commerce giant Amazon on Tuesday moved the Delhi High Court against an order of the Central Consumer Protection Authority (CCPA) which imposed a cost of Rs 1 lakh on it…