Business
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Apple grabs 62% premium market share in Q1 2022
New Delhi: Apple continued to lead the global premium market in Q1 2022, taking 62 per cent market share for the second consecutive quarter, a new report showed on Thursday. This was…
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Uber dismisses claim that it planned to exit Indian market
New Delhi: Uber on Thursday refuted a report that claimed the ride-hailing major planned to exit the Indian market and held discussions with potential buyers to sell its India business. Bloomberg reported…
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Pine Labs acquires API fintech startup Setu
New Delhi: Merchant commerce platform Pine Labs on Thursday announced it is acquiring Bengaluru-based application programming interface (API) fintech startup Setu for an undisclosed sum. Setu’s APIs are being used across industry…
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Google paying Wikimedia Foundation to access its content more efficiently
San Francisco: Wikimedia Foundation, the nonprofit group behind Wikipedia, has announced that Google is one of the first companies to buy its commercial Enterprise service. Wikimedia Enterprise is a commercial product designed…
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Ford’s present and former workers in India are on the job look out
Chennai: With the US based Ford Motor Company deciding to shutdown its Maraimalainagar car plant near here, many employees/workers of Ford group in India are on the lookout for jobs. “With Ford…
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37% of firms in India experienced a Cloud data breach in past year: Report
New Delhi: Nearly 37 per cent of Indian organizations have experienced a Cloud-based data breach or failed audit in the past 12 months, up from the previous year (33 per cent), a…
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DoT scraps 3% floor rate on 5G spectrum usage charge
New Delhi: In a big relief for telecom companies, the Department of Telecommunications (DoT) has scrapped the 3 per cent floor rate on spectrum usage charge (SUC). As the government prepares for…
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Twitter board recommends $44 bn buyout by Elon Musk
San Francisco: As Elon Musk fixes a few ‘unresolved matters’ with Twitter, the company’s board has recommended the $44 billion buyout. In a fresh regulatory filing with the US Securities and Exchange…
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Samsung to announce mass production of 3nm chip next week
Seoul: Samsung Electronics is expected to announce mass production of 3-nanometer semiconductors next week, sources said on Wednesday, beating its foundry rival TSMC in advanced chipmaking process. The next-generation 3nm chips will…
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If Tatas can’t make Air India work, no one else in India can: Emirates President
Doha: It is not easy for an airline to operate in India and if the Tata Group cannot make Air India work, no one else in the country will be able to…
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Rupee drops 15 paise to 78.13 against US dollar
Mumbai: Snapping its three-day rising streak, the rupee declined 15 paise to close at 78.13 against the US dollar on Tuesday as persistent foreign fund outflows and a jump in crude oil…
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Cryptocurrency exchange Vauld cuts workforce by 30%
New Delhi: Cryptocurrency exchange Vauld on Tuesday said it has decided to reduce its headcount by about 30 percent, as the global crypto market nosedives amid volatile market conditions. Darshan Bathija, Co-founder…
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Indian investors lost Rs 1,000 cr to fake crypto exchanges: Report
New Delhi: Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the global crypto market tanks, a new report claimed on Tuesday. Cyber-security company…
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Tesla lays off head of LGBTQ+, diversity lead
San Francisco: Amid CEO Elon Musk’s “woke mind virus” concerns, electric vehicle company Tesla has laid off both the president of its LGBTQ+ community and a lead involved in diversity and inclusivity…
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About 1,100 workers resume duty at Ford India’s Chennai plant
Chennai: About 1,100 workers have resumed work at the Ford India Private Ltd’s Maraimalainagar plant near here even though an agreement between the workers’ union and the management on severance package has…