Business news
- Business
HealthifyMe sacks 150 employees amid lacklustre growth
New Delhi: Leading AI health and fitness platform HealthifyMe has sacked at least 150 employees as the company’s growth did not “keep pace with expectations and hiring”. The company has a physical…
- Business
FTX CEO unlikely to testify at US House Committee hearing on Dec 13
San Francisco: Sam Bankman-Fried (SBF), the CEO of now bankrupt crypto exchange FTX facing charges of swindling billions of dollars, said he is not prepared to testify before a US Congress committee…
- Business
Tamil Nadu to increase salt production
Chennai: The Tamil Nadu Salt Corporation will increase its production and commence manufacturing in an area of 3,000 acres in Ramanathapuram district. Presently the Corporation is producing salt in 5,236 acres of…
- Business
Samsung Electronics appoints its 1st female presidentSamsung Electronics appoints its 1st female presidentSamsung Electronics appoints its 1st female president
Seoul: Samsung Electronics on Monday promoted a female executive to the president of global marketing for its mobile business, in the first move to tap a female talent for the top post.…
- Middle East
UAE emerges second biggest tea importer from India after CIS block
Kolkata: The United Arab Emirates (UAE) emerged as the second largest importer of tea from India after the Commonwealth of Independent States (CIS) as a block, according to the latest data released…
- India
OYO trims 10% of its workforce, is letting go of 600 employees
New Delhi: Hospitality major and IPO-bound OYO on Saturday said it is downsizing 10 per cent of its 3,700-strong workforce, laying off 600 employees while hiring 250 fresh members in the team.…
- Business
TN power utility to float tender for installation of smart meters
Chennai: Tamil Nadu Generation and Distribution Company (Tangedco), the power utility of the state would soon be floating tenders for the installation of smart meters across the state. Sources in Tangedco told…
- Technology
Homegrown smart TV brands capture record 22% market share in India
New Delhi: Indias smart TV shipments grew 38 per cent (on-year) in the third quarter (Q3) and the share of homegrown brands showed the fastest growth to register a record 22 per…
- Business
TN allocates Rs 2,339 cr as farm insurance subsidy
Chennai: The Tamil Nadu agriculture department has allocated Rs 2,399 crore for crop insurance subsidy to the farmers in case of a natural disaster and has requested the farmers to enroll in…
- Technology
Apple CEO ignores questions on protests in China
Washington: Apple CEO Tim Cook has ignored questions on violent protests in China which have hampered iPhone production at its key suppliers’ factories in the country. Fox Business asked Cook several questions…
- Business
Yogi first UP CM to attend World Economic Forum meet in Davos
Lucknow: Uttar Pradesh Chief Minister Yogi Adityanath will be travelling to Davos city in Switzerland in January to attend the World Economic Forum (WEF) meet. Yogi Adityanath will be the first chief…
- India
Robust benchmarks critical for stability of the financial system: RBI Deputy Governor
Mumbai: RBI Deputy Governor T Rabi Sankar has talked about the reforms undertaken in financial benchmark administration in India as the country stands in the final stages of transition away from LIBOR…
- Business
NDTV scrip hits upper limit after change of guard at promoter company
Chennai: The shares of television channel company New Delhi Television Ltd (NDTV) on Wednesday hit the upper circuit at the bourses with the change of guard at the promoter’s holding company RRPR…
- Business
BJP claims better performance than UPA govt in economic domain
New Delhi: The political tussle between Congress and BJP has intensified with respect to the ‘politics of performance’. While Congress is constantly trying to put the Modi government in the dock regarding…