Business news
- Business
US consumers spend $11 bn more online for domestic flights this year
San Francisco: The US consumers have spent $11 billion more online for domestic flights this year, compared to pre-pandemic levels, a report showed on Friday. Domestic flight bookings so far this year…
- Business
Musk shuts Brussels office, EU regulators raise eyebrows
San Francisco: Elon Musk-owned Twitter has shut down its office in Brussels in the European Union (EU), a move that has not gone well with the local regulators. According to The Financial…
- Business
853 tech firms lay off over 137,492 workers globally, more job cuts coming
New Delhi: As more and more companies across the spectrum sack employees amid the global meltdown, at least 853 tech companies worldwide have laid off about 137,492 employees to date, and the…
- Business
SBI warns customers against instant loan apps
New Delhi: The country’s largest lender, State Bank of India (SBI) has warned customers against instant loan apps and even suggested measures to safeguard against the menace. “Please refrain from clicking on…
- News
Milk prices hiked in Kerala by Rs 6 per litre
Thiruvananthapuram: The Kerala Co-operative Milk Marketing Federation, or Milma, on Thursday announced its decision to hike prices of milk by Rs 6 per litre which will come into effect from December 1.…
- Business
Coal production rose 18% to 448 million tonnes in Oct
New Delhi: Total coal production stood at 448 million tonnes in October this year which is 18 per cent higher than that of the corresponding period of 2021. The growth of dry…
- Technology
Amazon to shut edtech service Academy’s operations in India from Aug 2023
New Delhi: Amazon on Thursday said it is shuttering its edtech offering called Amazon Academy’s operations in India starting from August 2023, and will refund the full fee to those enrolled in…
- Business
Tata Consumer to acquire Bisleri for around Rs 7,000 crore: Report
New Delhi: Ramesh Chauhan is divesting Bisleri International to Tata Consumer Products Ltd (TCPL) for an estimated Rs 6,000-7,000 crore, The Economic Times reported. The current management will continue for two years…
- Business
State government responsible for protecting mining reserves: Prahlad Joshi
Kolkata: It is the responsibility of the state government concerned to protect the mining reserves, including coal reserves, in the state, Union coal minister Prahlad Joshi said in the industrial township of…
- Business
Former FTX CEO has no stake in Twitter as a private company: Musk
San Francisco: Elon Musk on Thursday said that Sam Bankman-Fried (SBF), former CEO of bankrupt crypto exchange FTX, does not have any share in Twitter as a private company. Semafor publication first…
- Business
UP ministers ready to cross shores for Global Investors’ Summit
Lucknow: Uttar Pradesh ministers will travel to 19 cities across 17 countries between December 9 and 19, ahead of the Global Investors’ Summit (GIS) scheduled early next year. The road shows will…
- Business
India among fastest growing economies in Asia amid global slowdown: OECD
London: India, with a growth rate of 6.6 per cent in this financial year, is among the fastest growing economies in Asia amid a global slowdown triggered by a massive energy shock…
- Business
Zomato plans to lay off three per cent of its workforce
Bengaluru: Online food delivery platform Zomato on Saturday said it is planning to lay off nearly 3 per cent of its workforce on account of cost-cutting efforts and to turn profitable. The…
- Business
India to be world’s 2nd largest economy by 2050: Gautam Adani
Mumbai: Asia’s richest man Gautam Adani on Saturday said India, which took 58 years to become a trillion-dollar economy, will add an equivalent sum to GDP every 12-18 months and will be…
- Technology
FTX bankruptcy filing reveals staggering mismanagement
San Francisco: A new court filing concerning the bankrupt Sam Bankman-Fried’s companies has revealed a crypto empire that was massively mismanaged and possibly fraudulent – a “complete failure of corporate controls”. “Never…
