Business
-
Rupee settles at all-time low of 78.33 against US dollar
Mumbai: The rupee on Friday slipped 1 paisa to close at its all-time low of 78.33 against the US dollar amid growing concerns over aggressive monetary policy tightening by central banks and…
-
Zomato acquires 15-minute delivery platform Blinkit for Rs 4,447 cr
New Delhi: Online food delivery platform Zomato on Friday announced it had acquired quick-commerce platform Blinkit for Rs 4,447 crore (about $568 million) in an all-stock deal. Zomato already owned more than…
-
Electricity used to mine bitcoin decreased sharply as crypto crisis widens
London: The amount of electricity consumed by the largest cryptocurrency networks has decreased by up to 50 percent as the “crypto winter” continues to eat at the incomes of “miners” and financial…
-
Apple likely to release its AR/MR headset in January 2023
New Delhi: Apple will release its augmented reality (AR)-mixed reality (MR) headset in January next year, as the buzz around metaverse gains steam. According to Apple analyst Ming-Chi Kuo, the vast potential…
-
Tips you need to know about account security on KuCoin
New Delhi: In a bid to help its users identify different kinds of scams in the world of crypto, leading crypto exchange KuCoin, also known as ‘People’s exchange’, has shared some tips…
-
Indian auto ancillaries moving towards EVs, green manufacturing
Chennai: Sensing a global opportunity in the electric vehicles (EV) segment, Indian automotive ancillaries are shifting gears in sync with the trend, said a top industry sector official. Many of the players…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…