Business news
- Business
35% Indian SMBs plan to be in Cloud in next 2-3 years: Microsoft
New Delhi: Almost 35 per cent of small and medium businesses (SMBs) in India are spending over 10 per cent of their revenue on technology (in comparison to global counterparts) and 26…
- India
Rupee falls 16 paise to all-time low of 82.33 against US dollar in early trade
Mumbai: The rupee depreciated 16 paise to an all-time low of 82.33 against the US dollar in early trade on Friday as a firm American currency and risk-averse sentiment among investors weighed on…
- Technology
Tesla to deliver first Semi Trucks to Pepsi by Dec 1: Musk
San Francisco: Tesla has started the production of its long-delayed Semi Truck that will have a 500 miles (800 km) range and will first reach Pepsi facilities, Elon Musk announced on Friday.…
- Business
TN: Firecracker units in Sivakasi anxious as Diwali business dips amid high prices
Chennai: Local firecracker units in Sivakasi in Virudhunagar district of Tamil Nadu that accounts for 90 per cent of firecracker business in the country are anxious as their business has dipped this…
- Business
12K Facebook employees may lose jobs amid ‘quiet layoffs’: Report
New Delhi: Meta is reportedly conducting ‘quiet layoffs’ at Facebook that may lead to thousands of job cuts — at least 12,000 or about 15 per cent of its workforce. According to…
- Technology
51% of daily Bitcoin volume on crypto exchanges fake: Report
New Delhi: More than 51 per cent of the total Bitcoin trading volume on various crypto exchanges this year is fake amid volatile global economic conditions, a new report has claimed. Bitcoin…
- Business
Twitter an accelerant to fulfil my vision of a super app: Musk
New Delhi: Tesla CEO Elon Musk has said that buying Twitter is to fulfil his dream to build a super app called X.com like China’s WeChat that will be available to all…
- World
OPEC announces big cut in oil production
London: OPEC+ said on Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the Covid-19 pandemic, media reports said. The group…
- Technology
Crypto losses reach $428 mn in Q3 globally, hacks top concern
New Delhi: The world saw crypto losses up to $428 million in the third quarter (Q3), down 36 per cent from Q2, from hacks and frauds, a new report has shown. An…
- Business
Twitter, Musk confirm plan to close $44 bn deal, shares up 22%
San Francisco: Twitter on Wednesday said it has received a letter from Elon Musk to go ahead with their original deal of $54.20 per share (or $44 billion). Twitter shares went up…
- Business
Rupee trade paves the way to Russia
New Delhi: The efforts of the Indian central bank to promote trade in rupees are bringing results, with state-run UCO Bank receiving necessary RBI approvals to open a special rupee vostro account…
- World
Report: Elon Musk proposes to proceed with Twitter takeover
New York: Trading in shares of Twitter were halted after the stock spiked on reports that Elon Musk would proceed with his 44 billion deal to buy the company after months of…
- Business
Rupee rises 29 paise to close at 81.53 against US dollar
Mumbai: The rupee appreciated by 29 paise to end at 81.53 (provisional) against the US dollar on Tuesday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment.…
- Business
Apple supplier Foxconn logs strong growth, says cautiously optimistic on Q4
New Delhi: Major Apple supplier Foxconn on Tuesday announced its consolidated revenue for the month of September and the third quarter, saying it is “cautiously optimistic” about the outlook for the festive…
- Business
With 950 billionaires, Asia outnumbers all other regions
Tokyo: When it comes to the number of billionaires by region, Asia now has 951 outnumbering all other regions. North America has 777 billionaires and Europe, 536. A region-by-region analysis of assets…
