Business news
- Middle East
Saudi Arabia gives 4% of Aramco worth $80B to sovereign fund
Dubai: Saudi Arabia said Sunday it will transfer 4% of the stock in the state-run oil giant Aramco to a sovereign wealth fund, an infusion valued at nearly 80 billion as the…
- Business
India-based startups raised $39 bn in 2021; mortality rate down to 1%
New Delhi: India-based startups raise $39 billion capital in 2021, said Grant Thornton Bharat. The report on the democratisation of India’s startup ecosystem showed a total funding of $39 billion, a rise…
- Business
CIL taking steps to increase coal supply to non-power sector
New Delhi: Coal India Limited (CIL) has sufficient buffer stock and is making efforts to increase coal supply to the non-power sector in view of the increased demand, the Ministry of Coal…
- World
US inflation jumped 7.5% in the past year, a 40-year high
Washington: Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates…
- Business
South Korean economy faces heightened external economic risks
Seoul: The South Korean economy is on a recovery track, but external economic uncertainty remains high amid soaring energy costs and monetary policy shifts by the US Federal Reserve, a state-run think…
- Business
Jio Platforms invests $15 mn in AI, VR startup Two Platforms
New Delhi: Jio Platforms announced on Friday that it has invested $15 million in Two Platforms (TWO) for a 25 per cent equity stake. The startup — Two Platforms — is an…
- Business
Google’s parent firm Alphabet logs record $257 bn revenue in 2021
San Francisco: Google’s parent company Alphabet has registered a record $257 billion in annual revenue for full year 2021 — a 41 per cent (on-year) jump from previous year, as the pandemic…
- Business
Sensex surges over 400 pts in early trade; Nifty breaches 17,650-level
Mumbai: Equity benchmark Sensex climbed over 400 points and the Nifty breached the 17,650-level in the opening session on Wednesday, a day after the Union Budget proposed higher spending on infrastructure to…
- Business
Rupee gains 11 paise to 74.71 against US dollar in early trade
Mumbai: The rupee appreciated 11 paise to 74.71 against the US dollar in the opening trade on Wednesday, supported by positive domestic equities and weak American currency. At the interbank foreign exchange,…
- Technology
After mobile phones, India eyes smartwatches, earbuds manufacturing
New Delhi: After giving an impetus to mobile phones and laptop/tablet manufacturing locally, the government on Tuesday announced a new Phased Manufacturing Programme (PMP) for producing wrist wearable devices, hearable devices and…
- Business
Rupee slips 17 paise to close at 74.82 against US dollar
Mumbai: The rupee pared its initial gains and settled 17 paise lower at 74.82 against US dollar on Tuesday as caution set in among forex market participants after the government in the…
