Business
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Elon Musk had affair with Google co-founder Sergey Brin’s wife?
Washington: Tesla CEO Elon Musk landed in another controversy after a report in a newspaper alleged that he had an extramarital affair with Nicole Shanahan, the wife of billionaire Google co-founder Sergey…
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Multi bagger Dhruva Capital gains 205% in a month
New Delhi: Dhruva Capital stock has given 205 percent returns in the last month. The stock which was trading at Rs 7.54 on June 22 jumped by 205 percent in a month…
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IIT-K to aid startups engaged in health, agriculture domains
Kanpur: Startup Incubation and Innovation Centre, the technology business incubator at IIT Kanpur, is launching the NIRMAN Accelerator Programme, supported by the Department of Science and Technology, Government of India. According to a…
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Tata Group warns Port Talbot steelworks could close without subsidy deal
London: The owner of the UK’s biggest steelworks, Tata Group, has warned its sites could be shut without subsidies for reducing carbon emissions, reports claim, according to BBC. Tata Group wants to…
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Rumour mills agog as Spicejet sits over March-end results
New Delhi: Budget carrier SpiceJet with a fleet size of 95 planes reported a net profit of Rs 23.28 crore in the quarter ended December in FY2022. But industry sources said that…
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Indian short-video apps to reach 600 mn users by 2025
New Delhi: Indian short-form apps are expected to double their monthly active user base to 600 million (67 per cent of all smartphone users) by 2025 and have a monetisation opportunity of…
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ICICI Bank Q1 profit zooms 50% to Rs 6,905 cr
New Delhi: ICICI Bank on Saturday reported a 50 percent jump in net profit to Rs 6,905 crore in the first quarter of the current fiscal aided by a decline in bad…
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Top crypto exchange Blockchain.com cuts 25% of its workforce
New Delhi: Leading cryptocurrency exchange Blockchain.com has laid off 25 percent of its workforce, nearly 150 employees, amid the global economic meltdown. The digital assets trading firm said it will shut its…
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Snapchat loses $10 bn as stock hits new 52-week low
San Francisco: Snap, the parent company of Snapchat, suffered nearly $10 billion loss after its shares hit a new 52-week low over disappointing quarterly results (Q2) amid poor future forecast. The company’s…
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T-Mobile agrees to pay $350 mn in data breach affecting 77 mn users
San Francisco: Telecommunications company T-Mobile has agreed to pay $500 million to settle a class-action lawsuit in a 2021 data breach that impacted nearly 76.6 million users’ data in the US. T-Mobile…
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FIIs turning positive boosts stock markets
New Delhi: FIIs turning positive after a very long time, along with strong results, kept the momentum strong for domestic stock markets during the week. Domestic equities continued its northbound journey on…
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Sensex extends gains for 6th day to reclaim 56k mark; bank, finance stocks shine
Mumbai: Equity benchmark Sensex stretched its winning run to the sixth straight session on Friday to reclaim the 56,000-level due to robust gains in banking and financial stocks amid a largely positive…
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Kia reports 40% jump in Q2 profit riding on high-end SUVs
Seoul: Automaker Kia said on Friday that its second-quarter net profit jumped 40 per cent from a year earlier on an improved product mix and a weak won. Net profit for the…
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Foreign exchange reserves fall USD 7.541 bn to USD 572.712 bn
Mumbai: The country’s foreign exchange reserves declined by USD 7.541 billion to USD 572.712 billion in the week ended July 15 as the Reserve Bank continued to intervene in the market to…
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Reliance Jio posts robust set of numbers for Q1 FY23
Mumbai: Reliance Jio posted a robust set of numbers for Q1 FY 23 results announced on Friday. As per the results, Reliance Jio revenue from operations jumped 21.6 percent to Rs 21,873…