Business news
- Business
Rupee falls 14 paise to 82.35 against US dollar in early trade
Mumbai: The rupee depreciated 14 paise to 82.35 against the US dollar in the morning trade on Wednesday amid the strengthening of the American currency and sustained foreign fund outflows. Moreover, risk…
- World
Ukraine war has affected Asian economy; risk of fragmentation worrisome: IMF
Washington: The war in Ukraine has affected the Asian economy broadly in terms of trade and financial market uncertainties and inflation, a top IMF official said on Tuesday, warning that going forward…
- Business
Rupee darts up 19 paise to 82.21 against US dollar
Mumbai: The rupee rebounded from its all-time low to close 19 paise higher at 82.21 against the US dollar on Tuesday amid softening crude oil prices. At the interbank forex market, the…
- Business
Markets extend losses for third day as global risks weigh; Nifty ends below 17k
Mumbai: Market benchmarks closed deep in the red on Tuesday, mirroring a negative trend overseas as tightening monetary policy globally and escalation of the war in Ukraine continued to weigh on sentiment.…
- Business
Reliance Jio touches 600 Mbps 5G speed in Delhi
New Delhi: Reliance Jio recorded almost 600 Mbps median download speed on its 5G network in Delhi while India’s overall 5G speed hit 500 Mbps as the country rolled out 5G services,…
- Business
Amazon to invest over 1 bn euros to electrify delivery fleet in Europe
San Francisco: E-commerce giant Amazon has announced that it will invest more than one billion euros to further electrify its transportation fleet across Europe over the next five years. The company said…
- Business
8 crore creators in India but only 1.5 lakh able to monetise
New Delhi With a spurt in short-form video consumption and growth in the overall creator economy, India now has at least 8 crore creators and knowledge professionals but only 1.5 lakh professional…
- Business
TCS Q2 net up 8.4 pc to Rs 10,431 cr; flags challenging environment
Mumbai: Largest IT services exporter TCS on Monday reported an 8.4 per cent growth in its September quarter net profit at Rs 10,431 crore, crimped by a dent on margins. The Tata…
- Business
Gold drops Rs 543; silver tumbles Rs 2,121
New Delhi: Gold prices in the national capital dropped Rs 543 to Rs 51,625 per 10 grams on Monday amid a decline in the prices of precious metal in the international market,…
- Business
Rupee drops 10 paise to close at all-time low of 82.40 per USD
Mumbai: The rupee slipped 10 paise to finish at a fresh lifetime low of 82.40 against the US dollar on Monday, weighed down by risk-averse sentiment among investors. Moreover, a negative trend…
- Business
Livspace earmarks $100 mn to invest in D2C brands in home segment
New Delhi: Home interiors and renovation platform Livspace on Monday said it has earmarked $100 million to invest and incubate new offerings and brands in the direct-to-consumer (D2C) market in the home…
- India
This CEO wants people to be happy that he laid off 500 employees
San Francisco: US exercise and fitness equipment company Peloton CEO Barry McCarthy has announced to cut 12 per cent of the workforce (nearly 500 employees) in a latest lay-off round, and he…
- Business
Apple A16 Bionic costs more than twice to manufacture compared to A15
Tokyo: The A16 Bionic chip in iPhone 14 Pro models costs $110 to manufacture, which is 2.4 times more than A15 chip in iPhone 14 models. A Nikkei teardown of Apple’s iPhone…
- Technology
Elon Musk’s revived Twitter bid is another twist in this tale, but may not be the last
Conventry (UK), Oct 8 (The Conversation) With only about two weeks to go before a court case over his attempts to withdraw his USD 44 billion (39 pound billion) offer to buy…
- Business
Elon Musk calls Trump’s ‘Truth Social’ app a ‘Trumpet’ and ‘right-wing echo chamber’
Washington: Tesla and SpaceX billionaire Elon Musk called former US President Donald Trump’s “Truth Social” app as a “Trumpet” of “right-wing echo chamber”. The world’s richest man with a net worth of…
