Business news
- 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…
- Business
LG Electronics’ Q3 profit estimated to have risen 25% on-year
Seoul: LG Electronics said on Friday that its preliminary third-quarter operating profit jumped around 25 per cent from a year earlier. The tech company said its profit for the July-September period was…
