Business news
- Business
Rising tide of interest in doing business with India
Hong Kong: When Tim Cook arrived in India earlier this month to open Apple’s first physical store in the country, he was welcomed like a hero, media reports said.Cook’s visit, the latest…
- Business
Samsung likely headed for first quarterly loss in 15 years: Analysts
Seoul: Samsung Electronics is likely to post an operating loss in the second quarter on a chip downturn and decline in mobile demand, in what will be the first quarterly loss for…
- Business
Lenovo begins laying off employees as PC biz takes a beating
New Delhi: Global technology brand Lenovo has reportedly started laying off employees, as its PC business suffers significantly amid economic downturn. According to a report in CRN, the job cuts at Levono…
- Business
Rupee gains 1 paise to close at 82.11 against US dollar
New Delhi: The rupee consolidated in a narrow range and settled for the day 1 paise higher at 82.11 against the US dollar on Wednesday, as participants remained on the sidelines ahead…
- World
Fortune of world’s richest person Bernard Arnault crosses $200 bn for first time
London: The fortune of Bernard Arnault, the world’s richest person, has topped $200 billion for the first time as shares in his French LVMH luxury goods empire hit a record high, a…
- India
Govt sanctions Rs 800 cr for installing 7,432 EV fast charging stations
New Delhi: The Ministry of Heavy Industries on Tuesday said Rs 800 crore under FAME India Scheme Phase II has been sanctioned to three PSU oil marketing companies (OMC) for setting up…
- Business
Retail inflation dips marginally to 6.44 pc in Feb
New Delhi: Retail inflation dipped marginally to 6.44 per cent in February, mainly on account of a slight easing in prices of food and fuel items, as per government data released on…
- Business
Sensex, Nifty extend winning run to 3rd day as financial, energy shares advance
Mumbai: Benchmark Sensex and Nifty closed higher for a third session in a row on Wednesday as fag-end buying in banking, financial and oil stocks helped the indices rebound from early lows…
- Business
RBI imposes Rs 3.06 cr penalty on Amazon Pay (India) for violation of norms
Mumbai: The Reserve Bank of India on Friday said it has imposed a penalty of over Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to…
- Business
Rupee falls 11 paise to close at 82.75 against US dollar
Mumbai: The rupee depreciated 11 paise to close at 82.75 against the US currency on Friday, as the strength of the American currency in the overseas market and a muted trend in…
- Business
Indian banks to issue bonds to maintain capital levels: CARE Ratings
Chennai: With credit off-take increasing, Indian banks are expected to issue bonds to maintain their capital levels and support their advances while cost of funds — deposits and borrowings are likely to…
- Business
SBI allows Bhim-based real-time payment with Singapore
Mumbai: A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced a partnership with PayNow, the online…
- Business
McKinsey to slash 2,000 jobs in one of biggest layoffs
San Francisco: Global consulting firm McKinsey & Co is reportedly planning to slash about 2,000 jobs in one of the largest layoffs, the media reported. The job cut is likely to focus…
- Technology
Musk continues to sack Twitter employees despite promise not to do so
New Delhi: Elon Musk is still laying off Twitter employees as dozens of workers across sales and engineering departments were laid off last week, including one of Musk’s direct reporting executive who…
- Business
Newark-Delhi Air India flight diverted to Stockholm after oil leak
New Delhi: A Delhi-bound Air India flight from the Newark airport in New Jersey with nearly 300 passengers on board, was diverted to Stockholm following an oil leak. Flight AAI106, a Boeing…