Business news
- Business
Adding 100 mn skilled Indians to the workforce can increase GDP by 20%: Report
New Delhi: Bringing 100 million skilled people to the Indian workforce has the potential to increase the country’s GDP by 20 per cent and propel the economy towards $4 trillion, a report…
- Business
Reliance invested over $150 bn in last 10 years, most by any corporate house in India
New Delhi: Reliance has cumulatively invested more than $150 billion in the last 10 years – higher than any other corporate house in India, and comparable to the leading businesses across the…
- Business
NCLAT extends Jalan-Kalrock’s time to repay Jet lenders Rs 350 cr
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Monday gave more time to the winning bidder Jalan-Kalrock Consortium to pay Rs 350 crore to the lenders of the bankrupt Jet…
- Business
Rupee term loan document executed for GatiShakti rail corridor project in Chhattisgarh
New Delhi: In a major development in PM GatiShakti rail corridor projects in Chhattisgarh, rupee term loan documents were executed between the Central Bank of India under sole banking and the promoters,…
- Business
Tiger Global exits Zomato, offloads remaining shares worth Rs 1,123 crore
New Delhi: US-based investment major Tiger Global, via its VC fund Internet Fund III Pte Ltd, has exited online food delivery platform Zomato by selling its entire shareholding for Rs 1,123.85 crore.…
- Technology
Apple may become world’s largest smartphone brand by early 2024
New Delhi: Apple could see a rebound in its stock price ahead of new product announcements in September and could become the world’s largest smartphone brand by 2023-2024, leading Apple analyst Ming-Chi…
- Business
Our investment in India will keep growing: IBM CEO Arvind Krishna
New Delhi: Be it Cloud or artificial intelligence (AI), IT major IBM is bullish on the innovations coming out from its research and development (R and D) centres in India and the…
- Business
Will make sure that X competitor to LinkedIn is cool: Elon Musk
San Francisco: Elon Musk on Sunday took on Microsoft-owned LinkedIn, saying he will make sure that the X (formerly Twitter) competitor to LinkedIn is cool. X has already revealed plans to take…
- Business
Rupee falls 8 paise to 82.64 against US dollar on forex outflows, stronger greenback
Mumbai: The rupee on Friday declined by 8 paise to settle at 82.64 against the US dollar, snapping its three-day rally due to forex outflows, a strong American currency and negative equity…
- Business
20 CEOs at Indian startups quit this year amid regulatory concerns, funding winter
New Delhi: Around 20 CEOs of Indian startups have quit their posts this year to date, amid the deepening funding winter and regulatory concerns, a significantly higher number than previous years, the…
- Technology
Alternate financing can capitalise on $500 bn SME credit opportunity in India
New Delhi: Digitised businesses in India have a potential credit demand of $220 billion, out of which $165 billion is serviceable today after adjusting for sick and commercially unviable businesses, a report…
- Mobile
Apple shipped 1 bn units less than Samsung in last decade, now leads the race
New Delhi: Apple shipped over 2.1 billion iPhones in the past decade, almost one billion less than its South Korean competitor Samsung, a new report showed on Monday. However, Samsung’s annual shipments…
- Business
Bank of Baroda puts actor Sunny Deol’s property on auction for Rs 56 cr loan default
Chennai: Has the central government-owned mortgage lender Bank of Baroda (BOB) put actor Sunny Deol’s Mumbai property on e-auction for failing to pay back a loan of about Rs 56 crore and…
- Technology
Software major Adobe co-founder John Warnock, passes away at 82
San Francisco: Software major Adobe‘s co-founder John Warnock has passed away at the age of 82, media reports said on Sunday. However, the cause of his death was not revealed. “It is…
- Business
Google Invests $88M in South Korean Startup Incubation
Seoul: Google has invested $87.9 million to incubate nearly 500 South Korean startups and help them go abroad, a company official said. Google’s ChangGoo Programme — launched in 2019 in cooperation with…
