Business news
- Business
Investors likely to lose up to $545 mn worth Bitcoin in 2022
New Delhi: Bitcoin investors are likely to lose up to $545 million this year, owing to various reasons like forgetting passwords to their wallets or making a mistake in recording their “seed…
- Business
Global semiconductor sales to reach $676 bn this year: Gartner
New Delhi: Global semiconductor revenue is projected to total $676 billion in 2022, an increase of 13.6 per cent from 2021, a Gartner report said on Tuesday. Semiconductor revenue for smartphones is…
- Business
Adani acquires India’s largest marine services company
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) through its subsidiary, The Adani Harbour Services Ltd (TAHSL), has entered into a definitive agreement for acquisition of 100 per cent stake in…
- Technology
Global chip shortage set to ease despite China lockdowns
New Delhi: The global chip shortage, that plagued several industries like automotive and consumer electronics, is set to ease during the second half of the year despite lockdowns in China as demand-supply…
- Business
Tesla robots will be worth more than car business: Musk
San Francisco: Tesla CEO Elon Musk has predicted that robots will soon be worth more than the car business and even the FSD (full-self-driving) programme. At Tesla’s Texas gigafactory opening earlier this…
- Technology
Apple iPhone 13 still selling better than past cycles: Report
San Francisco: Tech giant Apple’s iPhone 13 is still selling better than past cycles, though demand for the iPhone SE is weaker than expected, says a report. According to AppleInsider, a JP…
- Technology
Top 10 global tech CEOs’ bonuses soared 400% amid pandemic
San Francisco: The bonuses of CEOs at the top 10 tech companies soared a massive 400 per cent on average during the pandemic between 2020 and 2021, a new report showed on…
- Business
BYJU’s faces litmus test as edtech bubble bursts in India
New Delhi: For Vipluv, 24, a job offer from the leading edtech company BYJU’s was like a dream come true. He, along with four-five of his friends, joined the company as Business…
- Business
Byju’s-owned WhiteHat Jr logs huge Rs 1,690 cr loss in FY21
New Delhi: Byju’s-owned online coding platform WhiteHat Jr has posted a massive Rs 1,690 crore loss in the financial year 2021, while generating an operating revenue of Rs 484 crore in the…
- Business
IMF to downgrade forecast for over 140 economies amid Russia-Ukraine conflict
Washington: The International Monetary Fund (IMF) Chief said the organisation will revise down its global growth forecast amid the Russia-Ukraine conflict, the impact of which will contribute to downgrades for 143 economies…
- Business
Ashneer saga has no impact on our growth: BharatPe
New Delhi: Fintech platform BharatPe on Thursday refuted reports that its financial condition was hit owing to the Ashneer Grover saga, saying that it currently has $400 million in the bank with…
- Business
Ukraine war will slow down post-Covid recovery in South Asia: World Bank
Washington: The World Bank has said in a new report that the war in Ukraine will slow down South Asian countries recovery from economic devastation caused by the Covid-19 pandemic, though the…
- Business
Equity indices open positive despite high inflation in March
New Delhi: Indian benchmark equity indices opened on a positive note despite inflation print for March coming more than market expectations. Retail inflation for March came at 6.95 per cent, which has…
- Business
Rupee slips 6 paise to 76.21 against US dollar in early trade
Mumbai: The rupee started on a muted note and slipped 6 paise to 76.21 against the US dollar in early trade on Wednesday, tracking the strength of the dollar in the overseas…
- Business
Top US trade body to help India become global chip manufacturing hub
New Delhi: As India doubles down on local semiconductor manufacturing, the Semiconductor Industry Association (SIA), which is the top trade association representing the US semiconductor industry, on Tuesday joined hands with the…
