Business news
- Business
Cryptocurrencies: why they’ve crashed and what it could mean for their future
London: If you had invested 100 (US 122) in the cryptocurrency Luna a month ago, you might have been quietly confident you’d made a sensible bet. But Luna’s value has since fallen…
- Business
Swiggy enters high-end dining market with $200 mn acquisition of Dineout
Online food delivery platform Swiggy on Friday announced it has acquired Dineout, a dining out and restaurant tech platform, for an undisclosed sum. Reliable sources told IANS that the acquisition size could…
- Business
Twitter, Tesla, Musk incur major losses; Tycoon poorer by $39 Bn
New York: Elon Musk, still the world’s richest man, is poorer by nearly $39 billion since he spoke of buying out Twitter. Irony. At $231 billion of worth on the Forbes Real Time…
- Business
Equity indices up in opening deals
New Delhi: Indian equity benchmark indices climbed in opening deals on Friday led by gains across all sectoral indices after a steep fall in the previous session and a consistent decline in…
- Business
Private investment in AI sector to exceed $135 bn in 2022
New Delhi: Total private investment in artificial intelligence (AI) more than doubled to reach $93.5 billion globally in 2021, a new report has shown. According to analysts, the AI sector’s value will…
- Business
Terra Luna cryptocurrency collapses 98%, investors lose life savings
New Delhi: The dramatic crash of Terra (Luna), ranked among the top 10 most valuable cryptocurrencies, has wreaked havoc in the lives of investors who are feared they will become homeless after…
- Business
NAND flash prices to decline in 2nd half amid sluggish demand
Seoul: NAND flash prices are expected to decline in the second half due mainly to sluggish demand and oversupply, a report showed on Wednesday, dimming the performance outlooks for major chipmakers. Industry…
- Business
Mayhem in crypto market as Bitcoin drops below $30,000-mark
New Delhi: The global cryptocurrency market entered its worst phase ever on Tuesday, with Bitcoin dropping below $30,000 per coin and leaving millions of investors in a panic mode. The overall global…
- Business
Byju’s to pump in $200 mn to expand hybrid tuition model
Kolkata: Byju’s will be pumping USD 200 million over the next two years to expand and build its hybrid tuition business, a senior company official said on Thursday. The firm valued at…
- Business
Rupee slumps 38 paise to 76.73 against US dollar in early trade
Mumbai: The rupee depreciated 38 paise to 76.73 against the US dollar in the opening trade on Friday, weighed down by unabated foreign fund outflows and firm crude oil prices. At the…
- Business
Arrest of Jack Ma erodes $27 bn from Alibaba’s share value
Beijing: The arrest of an individual with the last name ‘Ma’ in China left people in utter shock who dumped shares in Alibaba that eroded a massive $27 billion in its share…
- Business
Apple now starts selling refurbished Watch Series 7
San Francisco: Apple has started selling refurbished versions of the Watch Series 7, the newest watch model, that was released in September 2021. According to a report by MacRumors, the pricing on…
- Business
Amazon aims to log $20 bn worth exports from India by 2025
Bengaluru: E-commerce giant Amazon on Wednesday announced it now aims exports worth $20 billion from India by 2025, thus doubling its goal. In 2020, Amazon pledged to enable $10 billion in cumulative…
- Business
Apple’s global smartphone market share surges 20% in 1 year
San Francisco: Apple has registered 20 per cent growth in the global smartphone market from the first quarter of 2021 till the same period this year, a new report showed on Monday.…
- Technology
Japanese gaming giant Nintendo expects 10% fewer sales
Beijing: Hit by semiconductor shortage amid the ongoing Shanghai lockdown, Japanese gaming giant Nintendo is reportedly looking at 10 per cent fewer sales in the current fiscal year. According to Nikkei Times,…
