Business news
- 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…
- Technology
Boat raises Rs 500 cr to expand market share in smartwatches
New Delhi: Imagine Marketing Limited, the parent company of consumer electronics brand boAt, is raising Rs 500 crore from its existing shareholder, an affiliate of Warburg Pincus, a leading global private equity…
- 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…
- Business
Delhi-bound Akasa Air flight hit by bird
New Delhi: A Delhi-bound Akasa Air flight was hit by a bird during the climb on Thursday, due to which the aircraft suffered a radome damage. In a statement, the Directorate General…
- Business
JioMart on WhatsApp a big opportunity for us: Zuckerberg
New Delhi: As Meta doubles down on its monetisation drive across its family of apps, its Founder and CEO Mark Zuckerberg has said that JioMart on WhatsApp in India is going to…
- Business
Musk says won’t fire 75% of Twitter staff as he finalises deal
San Francisco: Tesla CEO Elon Musk has told Twitter employees that he is not going to lay off 75 per cent of the workforce when he takes over the micro-blogging platform. Reports…
- Business
LG Energy swings to profit on strong EV battery demand
Seoul: LG Energy Solution Ltd (LGES) said on Wednesday it shifted to the black in the third quarter from a year earlier on the back of robust demand in electric vehicle (EV)…
- Technology
Meta logs another revenue decline amid concerns over metaverse plans
San Francisco: Meta (formerly Facebook) has posted another quarterly revenue decline as investors begin to lose faith in its loss-making, billion-dollars metaverse dream. In the third quarter (Q3), Meta’s revenue declined 4…
- Business
Finance Minister says India’s growth resilient despite exogenous threats
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said that despite exogenous threats, India’s well-targeted policy mix, accompanied by major structural reforms and sound external balance sheet, have aided its growth to…
