Business news
- Business
HDFC Bank Q3 net at Rs 12,259 crore
Chennai: The HDFC Bank closed the third quarter of FY23 with a net profit of about Rs 12,259 crore, the bank said in a regulatory filing. According to the HDFC Bank, it…
- Business
US could default on its debt as soon as June
Washington: The US Treasury Department said the country could default on its debt as soon as June. The US will reach the debt limit on January 19 on January 19 and then…
- Business
Vodafone plans hundreds of job cuts, biggest in 5 years: Report
New Delhi: Telecommunication player Vodafone is reportedly planning to slash hundreds of jobs, mostly at its London-based headquarters, to cut costs in the global economic slowdown. The Financial Times reported that this…
- Business
China to top global equity market performance in 2023: Morgan Stanley
New Delhi: Morgan Stanley has raised price targets and expects China to top global equity market performance in 2023. “We see an earlier and stronger growth recovery from 1Q23 amid faster reopening,…
- Business
BMW recalls over 14K electric cars over crash risk
San Francisco: Automaker BMW has recalled over 14,000 electric vehicles for a software malfunction that may lead to a loss of power and an increased risk of a crash. The recall covers…
- Business
RBI Deputy Governor Michael Patra reappointed for one year
Delhi: The Centre on Monday reappointed Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra for a period of one year with effect from January 15. The decision was taken by…
- Business
WhatsApp working on ‘Report status update’ feature on Android beta
San Francisco: Meta-owned messaging platform WhatsApp is reportedly working on a new ‘Report status update’ feature on Android beta. The new feature will allow users to report status updates that might violate…
- Technology
Sacked Twitter workers didn’t get severance as promised, even as Musk fires more
San Francisco: Elon Musk has fired more employees at Twitter from its content moderation team while some of the employees fired in earlier job cut rounds last year did not receive severance…
- India
Govt, RBI in discussion with South Asian countries for cross-border rupee trade: Das
New Delhi: RBI Governor Shaktikanta Das on Friday said the government and the central bank are in discussion with South Asian countries to have cross-border trade in rupee. He also said the central…
- India
Gautam Adani to appear in Rajat Sharma’s ‘Aap Ki Adalat’
New Delhi: A big treat is awaiting television viewers in the New Year on Saturday to be precise when the worlds third richest person, Gautam Adani, will be sitting in the hot…
- Business
Yogi mulls power subsidy to weavers in Uttar Pradesh
Lucknow: The Uttar Pradesh government is working on a scheme to provide power subsidy to over 2.5 lakh power loom weavers in the state. According to the government spokesman, Chief Minister Yogi…
- Business
Amazon CEO Andy Jassy confirms to lay off 18,000 employees
San Francisco: Amazon on Thursday confirmed it is laying off around 18,000 employees and several teams will be impacted, especially Amazon Stores along with People, Experience and Technology (PXT) organisations. The Amazon…
- Business
Google developing free anti-terrorism moderation tool for smaller websites
San Francisco: Google is reportedly developing a free moderation tool that smaller websites can use to identify and remove terrorist material. According to the Financial Times, the software is being developed in…
- Business
Tesla fined $2.2 mn for false advertising on EV range in cold weather
Seoul: South Korean market regulator has fined Elon Musk-run Tesla $2.2 million for misleading consumers about the range of its electric vehicles via advertisements. The Korea Fair Trade Commission (KFTC) had an…
- Business
Rupee tumbles 22 paise to all-time low of 83 against US dollar
Mumbai: The rupee pared initial gains and slumped 22 paise to close at its all-time low of 83 against the US dollar on Tuesday, pressured by a strong greenback overseas and sustained…
