Business news
- Andhra Pradesh
Andhra Pradesh: Essar Ports Vizag terminal poised for strong FY23
Mumbai: Essar Vizag Terminal Limited (EVTL) operating India’s largest Ore Handling Complex in Visakhapatnam Port has recorded 1.3 MMT of cargo handling for April 2022, i.e., a run rate in excess of…
- Business
Sensex falls 407 points in early trade; Nifty tests 16,500 level
Mumbai: Benchmark indices declined on Tuesday after a three-day rally, with the Sensex falling 407 points in early trade, mainly dragged down by selling in index majors Infosys, TCS and HDFC. The…
- Business
Shareholder sues Musk for manipulating Twitter stock for personal gains
San Francisco: A Twitter shareholder has sued Elon Musk, alleging that the Tesla CEO actively manipulated the company’s stock for personal gain. The lawsuit alleged that Musk proceeded to make statements, send…
- Business
Gold jumps Rs 303; silver rallies Rs 1,023 amid firm global trends
New Delhi: Gold in the national capital on Friday jumped Rs 303 to Rs 50,939 per 10 grams in line with rally in international precious metal prices, according to HDFC Securities. The…
- Business
Rupee inches 3 paise higher to 77.58 against US dollar
Mumbai: The rupee inched 3 paise higher to close at 77.58 against US dollar on Friday, supported by positive domestic equities and weakness of the American currency overseas. Forex traders said the…
- Business
Crude oil price at USD 110/barrel not sustainable, says Hardeep Singh Puri
Davos: India’s Oil Minister Hardeep Singh Puri on Tuesday told the World Economic Forum that crude oil price of USD 110 a barrel was not sustainable, even as he courted the world’s…
- Business
Samsung to invest $355 bn in chip, bio industries for next 5 years
Seoul: Samsung Electronics said on Tuesday it will invest 450 trillion won ($355 billion) in semiconductor and biopharmaceuticals for the next five years, as South Korea’s largest company seeks to further expand…
- Business
‘Coin’ in Bitcoin name doesn’t make it money: IMF chief
Davos: IMF chief Kristalina Georgieva on Monday cautioned against confusing crypto products with currencies and said anything not backed by a sovereign guarantee can be an asset class but not a currency,…
- Business
Zomato’s consolidated loss triples to Rs 360 cr as expenses mount
New Delhi: Online food delivery platform Zomato on Monday reported net loss of Rs 360 crore during the first quarter (Q1) this year — nearly triple from Rs 134.2 crore net loss…
- Business
FDI inflow hits all-time high of USD 83.57 bn in 2021-22
New Delhi: Total foreign direct investment into India rose 2 per cent to the “highest ever” USD 83.57 billion in 2021-22 on account of various measures like policy reforms and ease of…
- Business
Bezos reminds Amazon baiters how Wall Street, Business Week pundits missed a $62bn biz
New York: Jeff Bezos – who now owns 10 per cent of the company after he and wife MacKenzie divorced in 2019 after 25 years of marriage and he transferred a quarter…
- Business
BharatPe launches investment platform for merchants after Ashneer saga
New Delhi: With an aim to leave behind the Ashneer Grover controversy and bring business on track, fintech platform BharatPe on Thursday launched an investment platform for its merchant partners. In the…
- Technology
Uber announces new features for business travellers, parties
San Francisco: In a bid to make it more convenient for users, ride-hailing company Uber has announced several new products and features for business travellers, wedding parties, and more. The company said…
- Business
$1.6 bn worth Ethereum lost forever since its ‘presale’
New Delhi: The owners of Ethereum, the second largest cryptocurrency by market cap, have lost their crypto wallets containing 532,426 Ethereum with a current market value of $1.6 billion since its “presale”…
- Business
Adani to acquire Holcim India assets for USD 10.5 bn
New Delhi: Asia’s richest man Gautam Adani’s group on Sunday said it has clinched a deal to acquire a controlling stake in Holcim Ltd’s businesses in India for USD 10.5 billion, marking…
