Business news
- Business
I work all day, then go home & play work simulator: Musk
San Francisco: Describing his daily routine, Twitter boss Elon Musk on Saturday said that he works all day, then goes home and plays the work simulator. “I work all day, then go…
- Business
BharatPe paid Rs 1.69 cr salary to Ashneer in FY22, Rs 63 lakh to his wife
New Delhi: Fintech platform BharatPe paid a salary of Rs 1.69 crore to its Co-founder and managing director Ashneer Grover in FY22, while his wife Madhuri Jain Grover who was former head…
- Business
Global smartphone shipments suffer biggest fall in holiday quarter
New Delhi: Global smartphone shipments declined 18.3 per cent (year-over-year) to 300.3 million units in the holiday quarter of 2022, the largest-ever decline in a single quarter. According to an IDC report,…
- Business
BharatPe losses swell in FY22 after change in fair value of CCPS
New Delhi: Fintech platform BharatPe suffered huge losses to the tune of Rs 5,610.7 crore in the financial year 2021-22, due to a one-time non-cash expense related to change in fair value…
- Business
Microsoft, Qcells colab to curb carbon emissions, power clean energy economy
San Francisco: Tech giant Microsoft has announced that it has partnered with global solar leader Qcells to curb carbon emissions and power the clean energy economy. The “strategic alliance” aims to enable…
- Business
US economy expands 2.9 percent in December quarter
Washington: Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022. In the third quarter, real GDP increased by 3.2 percent, according to…
- Business
Tesla sales up 51% in 2022, net income doubles amid Musk’s Twitter saga
San Francisco: Despite a rocky takeover of Twitter which saw Tesla stock tumbling by over 60 per cent, Elon Musk-in Tesla made more money than ever in 2022, as total revenue grew…
- Technology
Microsoft logs slowest quarter growth in 6 years, PC sales nosedive
New Delhi: Microsoft has recorded its slowest sales growth in more than six years in its December quarter of 2022, as it took a $1.2 billion hit after laying off 10,000 people…
- Bangalore
Bengaluru: HARMAN takes legal action against dealers selling its counterfeits
Bengaluru: HARMAN, a subsidiary of Samsung Electronics, on Tuesday said it has taken strict legal action against dealers involved in the manufacture and sale of fake JBL and Infinity Car Audio products…
- Jobs
Cut 20% jobs at Alphabet, key investor tells Sundar Pichai
New Delhi: Hedge fund billionaire and investor Sir Christopher Hohn has told Alphabet and Google CEO Sundar Pichai to reduce more jobs and bring the headcount to 150,000, that would require him…
- Business
Why Musk hates alcohol but likes red wine in a fine glass
San Francisco: Twitter CEO Elon Musk on Monday said that he doesn’t like “most” alcohol but thinks that red wine is “quite beautiful” in a “fine glass”. It all started when @NicoleBehnam…
- Business
Vistara reports net profit, crosses $1bn revenue mark in FY23
New Delhi: Vistara, a joint venture of Tata Sons and Singapore Airlines, has reported a net profit (excluding unrealized foreign currency loss and non-operating income) for the quarter that ended December 2022.…
- Technology
Waited 6 months to join Google: Sacked Indian-origin techie
New Delhi: As Google started laying off its 12,000 employees, affected employees are beginning to look for new jobs on LinkedIn, and among those affected is an Indian-origin worker who says “he…
- Business
Spotify to lay off employees amid deepening slowdown
New Delhi: Swedish music streaming giant Spotify is expected to lay off employees this week amid the deepening economic slowdown, the media reported on Monday. The number of workers to be fired…
- Business
Zomato CEO says aware of fraud at delivery agents’ end, fixing it
New Delhi: After an entrepreneur complained in a LinkedIn post that a Zomato delivery agent advised him to cheat the company by paying some money directly to him and enjoy the food,…
