Business news
- Business
‘Financial creditors forego 70% of Rs 7.90 lakh cr under insolvency resolution process’
Chennai: With the debt recoverable rate going down to 30.8 per cent or Rs 243,452.5 crore (lenders foregoing 70 per cent of their admitted claims of Rs 790,626.2 crore), the number of…
- Business
Google, iHeartMedia to pay over $9 mn for running deceptive Pixel ads
New York: The US Federal Trade Commission (FTC) and state attorneys general have settled lawsuits against Google and iHeartMedia to pay $9.4 million in penalties over featuring deceptive ads promoting the Pixel…
- Business
India more conscious than ever about its data usage: Jaishankar
New Delhi: External Affairs Minister S. Jaishankar on Tuesday said that the country is now more conscious of the fact that where and who processes its data. Speaking at the 7th Global…
- Business
Indian stock markets touch new highs on Tuesday
Chennai: For the second day in succession the Indian stock markets flared up with the Sensex of BSE and Nifty of NSE touching record highs on Tuesday. The Sensex of BSE on…
- Technology
Amazon CloudWorks Internet Monitor to let users diagnose internet issues
San Francisco: Amazon Web Services (AWS), the Cloud arm of Amazon, has announced its “CloudWorks Internet Monitor”, which will allow users to reduce the time it takes to diagnose internet issues. As…
- Technology
5G with IoT to unlock Indian businesses’ potential: NTT India CEO
New Delhi: The 5G roll-out in India has generated a lot of interest among enterprises and the combination of Internet of Things (IoT) and 5G will herald a new era of domestic…
- News
AWS to return more water to communities than it uses by 2030
Las Vegas: Amazon Web Services (AWS) will return more water to communities than it uses in direct operations at its data centres and Cloud operations, its CEO Adam Selipsky has said. Addressing…
- Business
US judge stops Amazon from firing employees for unionisation
New York: A US judge has issued a cease and desist order against Amazon to stop the commerce giant from firing employees for unionisation. The order by US District Court Judge Diane…
- Business
After FTX, now crypto finance firm BlockFi files for bankruptcy
New Delhi: Crypto finance firm BlockFi has filed for bankruptcy to help “stabilise its business,” as investors are yet to recover from the fall of crypto exchange FTX. BlockFi and eight of…
- Technology
Global semiconductor revenue growth worsens, to drop 3.6% in 2023
New Delhi: Global semiconductor revenue is projected to decline 3.6 per cent in 2023 — from the previous forecast of $623 billion to reach $596 billion, a new Gartner report showed on…
- Business
5.4 mn users’ data exposed online as Musk reveals Twitter 2.0
New Delhi: As Elon Musk goes gaga over Twitter 2.0 which will be the ‘Everything App’, at least 5.4 million Twitter user records, stolen via an internal bug, have been leaked online…
- Business
Indian handicraft exports rising steadily: Piyush Goyal
New Delhi: Union Commerce and Textiles Minister Piyush Goyal on Monday said that the country’s handicraft exports have been rising steadily and were far superior than any machine-made products. Speaking at an…
- Business
Amazon now shuts wholesale distribution biz in India
New Delhi: Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India. The…
- Business
Vivo fined Rs 25 lakhs for violating GRAP rules
Greater Noida: A fine of Rs 25 lakhs has been imposed on the manufacturing unit of Vivo Mobile located in Greater Noida for violating the rules of Graded Response Action Plan (GRAP)…
- Technology
Airtel 5G Plus goes live in Patna
New Delhi: Bharti Airtel on Monday announced the launch of its cutting-edge 5G services in Patna. The Airtel 5G services are currently operational at Patna Sahib Gurudwara, Patna Railway Station, Dak Bungalow,…
