Business news
- Business
Digital transformation spending in India to reach $85 bn by 2026
New Delhi: The digital transformation (DX) spending in India is likely to reach $85 billion by 2026 as firms in the country aim to reduce the costs by increasing efficiency, improving security/risk…
- Business
Coal production rose to 75.87 mn tonnes in Nov
New Delhi: India’s total coal production went up by 11.66 per cent to 75.87 million tonnes in November 2022 from 67.94 million tonnes recorded during the corresponding period of last year. According…
- Technology
UPI transactions see 650% rise at semi-urban, rural stores: Report
New Delhi: The unified payments interface (UPI) transactions witnessed a meteoric 650 per cent rise at the semi-urban and rural stores in India this year, a report showed on Tuesday. There was…
- Technology
Musk converts several rooms at Twitter HQ into bedrooms for employees
San Francisco: After his call to either be “extremely hardcore” at work or quit, Elon Musk has converted rooms at Twitter headquarters in San Francisco into small bedrooms, featuring unmade mattresses, drab…
- Technology
Uber Eats to pay millions for listing US restaurants without consent
San Francisco: Ride-hailing major Uber will pay millions of dollars as settlement with the City of Chicago in the US for listing local restaurants in food delivery apps Uber Eats and Postmates…
- Business
Closed down Coke factory property to be given to Kerala govt, protesters up in arms
Thiruvananthapuram: The Plachimada Struggle Solidarity Committee, which through its long drawn struggle saw to the closure of the Coca-Cola factory in Palakkad district in 2004, is getting ready for another battle with…
- Technology
After iPhones, Apple now plans to shift some iPad production to India
San Francisco: As Apple plans to shift more iPhone production away from China to India, it is now reportedly looking to also move the production of some iPads to India to keep…
- Business
Rupee falls 52 paise to close at 81.85 against US dollar on forex outflows, firm crude
Mumbai: The rupee pared its initial gains to settle down by 52 paise at a nearly two-week low of 81.85 against the US dollar on Monday weighed down by weak domestic markets,…
- Business
Air India leases 12 more aircraft to enhance operations
New Delhi: Air India on Monday announced the lease of six Airbus A320neo narrow body aircraft and six Boeing B777-300 ER widebody aircraft to further augment its existing fleet. These aircraft are…
- Business
Oil prices rise as cap set Russian crude
London: Oil prices rose on Monday following an agreement by the G7 group ofnations and its allies to cap the price of Russian oil at $60 a barrel, BBC reported. Brent crude…
- 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…
