Business
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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…
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Indian cyber agency warns users of multiple bugs in Cisco products
New Delhi: The Indian Computer Emergency Response Team (CERT-In) which comes under the IT Ministry on Monday issued an advisory over three serious vulnerabilities in networking major Cisco products that could help…
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Saudi stock market drops to 4.4%; index below 11,300 points
The general index of the Saudi stock market ‘TASI’ deepened its losses at the close, falling by 4.44 percent (equivalent to 525 points) at the end of trading on Sunday, the first…
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Domestic funds counter FII selling spree
New Delhi: While FIIs are on a selling spree in the Indian markets, domestic institutions, including mutual funds and insurance companies, have been acting as a buffer, driven by the large inflow…
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Bitcoin falls below $18K, Ethereum down 80% in freezing crypto winter
New Delhi: Leading cryptocurrency Bitcoin dropped below $18,000 per digital coin on Sunday — a massive over 70 per cent drop from its record high of $68,000 in November last year —…