Business news
- Business
Costly imports, Ukraine crisis hit India’s paper supplies
New Delhi: The Ukraine-Russia war has put a strain on global supply chains and while transportation of various commodities have been severely impacted, India’s paper imports were hit to such an extent…
- Business
Musk dissolves Twitter’s board, is now the sole director
San Francisco: Chief Twit Elon Musk has dissolved Twitter’s board of directors after his takeover of the company, according to a US Securities and Exchange Commission (SEC) filing on Monday. Musk, according…
- Business
Now, Byju’s employees in Bengaluru allege forceful resignations
Bengaluru: Bengaluru-based Edtech giant Byju’s, after making news for massive layoffs in Kerala’s Thiruvananthapuram, is now facing similar allegations in this city of Karnataka. According to sources, the employees are being asked…
- Business
AirAsia India to commence 21 weekly direct flights
New Delhi: AirAsia India will commence 21 weekly direct flights connecting Delhi to Bhubaneswar and Bengaluru to Jaipur, from October 30 as part of its winter schedule. The launch of these routes…
- Technology
General Motors pauses paid advertising on Twitter under Musk
San Francisco: General Motors has temporarily paused paid advertising on Twitter, as the automaker wants to understand the direction the micro-blogging platform will take under Elon Musk. It’s still unclear what percentage…
- Business
Rupee declines by 14 paise to 82.47 against US dollar, forex inflows cap fall
Mumbai: The rupee declined by 14 paise to close at 82.47 against the US dollar on Friday as a stronger greenback in the overseas markets weighed on the local unit. However, a…
- Business
Flipkart losses widens to Rs 4,362 cr in FY22, up 51 pc
New Delhi: Walmart-owned Flipkart’s losses widened to Rs 4,362 crore in FY22, a 51 per cent increase from the last financial year. The e-commerce platform reported Rs 10,659 crore as revenues in…
- Technology
Intel set to lay offs employees as it cuts billions of dollars in spending
San Francisco: Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near term and $8 billion to $10…
- Business
LG Electronics Q3 profit down on weak demand
Seoul: LG Electronics on Friday reported record high sales backed by its electric vehicle (EV) components business but also experienced a big drop in net income in the third quarter on sluggish…
- Technology
iPhone revenue grows 10% to reach $42.6 bn globally, India a sweet spot
New Delhi: Apple iPhone revenue grew 10 per cent (year-over-year) to a September quarter record of $42.6 billion, the company has announced, as India market sees bumper iPhone sales led by the…
- Technology
Top Twitter execs to take home $88 mn, Parag Agrawal richer by $38.7 mn
New Delhi: Twitter’s top executives stand to make a total of $88 million between them — Parag Agrawal alone will get $38.7 million — after being ousted by Elon Musk who has…
- Technology
Parag Agrawal never put his foot down against Musk on Twitter
New Delhi: Former Indian-origin Twitter CEO Parag Agrawal, who continued to do his job to change the platform for better “despite the noise” coming from Elon Musk, never put his foot down…
- Technology
Apple sets new revenue record in India, logs double-digit growth
New Delhi: Apple CEO Tim Cook has said that the company has made a new revenue record in India in the July-September period, and continues to perform well with strong double-digit growth…
- Business
Shiprocket enables inter-city logistics for small merchants on ONDC
New Delhi: Logistics solution provider Shiprocket on Thursday said it has gone live on ONDC, enabling first ever inter-city logistics on the government-backed e-commerce network. The first successful transaction was fulfilled on…