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Home  Business

Business

Apple appoints Indian-origin Kevan Parekh as its new Chief Financial Officer

Apple appoints Indian-origin Kevan Parekh as its new Chief Financial Officer

  • It’s Glowtime: Apple all set to launch iPhone 16 series on September 9

    The tech giant will launch the new line-up along with other gadgets including new AirPods 4, Watch Series 10 and software services
  • Hyderabad sees significant surge in residential property price over 5 years; Kokapet tops list with 89 pc increase

    In 2019, the average price in Kokapet was Rs 4,750 per sq. ft., which surged to Rs 9,000 per sq. ft. by the first half of 2024
  • Telegram reacts to its CEO’s arrest, says Pavel Durov has nothing to hide

    Says Telegram abides by EU laws, including the Digital Services Act — its moderation is within industry standards and constantly improving
  • Cognizant sues Infosys for stealing trade secrets related to healthcare insurance software

    Infosys denies all allegations, says it will defend its position in court
  • Amazon India cuts selling fees by up to 12% for festive season

    The fee reductions, effective from September 9, will allow sellers to expand their product range on the platform and encourage growth, Amazon India stated. "With these changes, sellers on Amazon India will see a decrease in selling fees ranging from 3% to 12% across different product categories," the company said.
  • Anil Ambani-led group stocks plummet after Sebi ban

    Stock of Reliance Home Finance Ltd falls 5.12% to Rs 4.45 on NSE and 4.90% to Rs 4.46 on BSE
  • Sebi bans Anil Ambani from securities market, slaps Rs 25 cr penalty

    Also bars 24 other entities, including former key officials of Reliance Home Finance for five years for diversion of funds from company
  • Markets trim early gains, trade lower amid weak global trend

    Market analysts are anticipating insights from US Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole Symposium. The 30-share BSE Sensex opened 37.32 points, or 0.05%, higher at 81,090.51, while the NSE Nifty rose by 18.25 points to 24,829.75.
  • Rupee appreciates 5 paise to 83.88 against USD on Friday morning

    Forex traders noted that the recent drop in oil prices, now around USD 77 per barrel, is a major boost for the rupee due to India's high oil import costs. In the interbank foreign exchange market, the rupee opened at 83.93, strengthened to 83.88, marking a 5 paise increase from its previous close.
  • Indian economy is on upswing: Finance Ministry Report

    "The month saw impressive milestones being reached, substantial growth in GST collections, and a significant rise in e-way bill generation, which points to an overall increase in economic activity. The stock market indices also reached record highs in July," the report states
  • India’s mobile phone exports hit $6.5 billion in April-July, led by iPhones

    iPhone exports exceeded $1 billion in July, maintaining a similar month-on-month performance as seen in the first quarter of FY25, driven by the production-linked incentive (PLI) scheme. According to industry data, iPhones now account for about 70% of the country's total mobile exports
  • Delhi HC refers BharatPe-Ashneer Grover dispute to arbitration

    In its plea to the Delhi High Court, BharatPe alleged that Ashneer Grover breached his employment agreement by disclosing confidential information on social media. Before the matter was brought to the Delhi HC, Grover agreed to the formation of an arbitral tribunal in response to BharatPe’s arbitration notice but contested the choice of the sole arbitrator.
  • PM Modi congratulates RBI Governor for top global rating for 2nd consecutive year

    In response to a post on X by the Reserve Bank of India, PM Modi congratulated RBI Governor Shaktikanta Das, saying, “Congratulations to RBI Governor Shri @DasShaktikanta for achieving this feat for the second time.” He added, “This recognition reflects his leadership at the RBI and his efforts to promote economic growth and stability.”
  • Rupee drops 7 paise to 83.84 against US dollar in early trade

    Forex traders noted that a weak American dollar and lower crude prices helped support the rupee, preventing a sharper decline. At the interbank foreign exchange, the rupee opened lower at 83.79 and further weakened to 83.84 against the dollar, down 7 paise from the previous day's close of 83.77.
  • Markets slip in early trade amid weak Asian trends and foreign fund outflows

    The 30-share BSE Sensex dropped 138.58 points, or 0.17%, to 80,664.28 in early trade. Meanwhile, the NSE Nifty ended its four-day rally, slipping 15.20 points to 24,683.65. Among the 30 Sensex companies, UltraTech Cement, Kotak Mahindra Bank, Tech Mahindra, ICICI Bank, HDFC Bank, IndusInd Bank, Power Grid, and Axis Bank were the major laggards.
  • Tata Group gears up for new iPhone assembly plant in TN as Apple expands India footprint

    The iPhone unit by Tata is being built in Hosur, Tamil Nadu, where, the facility is expected to employ over 50,000 workers, mostly women. The 250-acre Hosur plant will manufacture iPhones using components from a unit that Tata set up a couple of years ago
  • Sensex, Nifty climb in early trade

    In early trade, the 30-share BSE Sensex rose by 287.56 points to 80,724.40, while the NSE Nifty increased by 97.65 points to 24,638.80. The biggest gainers among the 30 Sensex companies were NTPC, Titan, Tata Steel, ITC, Reliance Industries, State Bank of India, Bajaj Finance, and JSW Steel.
  • Rupee gains 11 paise to 83.84 against US dollar in early trade

    Forex traders noted that the weakening of the American currency in global markets and falling crude oil prices boosted investor sentiment. On the interbank foreign exchange market, the rupee opened at 83.88 against the dollar, then strengthened to 83.84, marking an 11 paise gain from its previous close.
  • EMIs to get costlier as SBI hikes MCLR by 10 bps across tenors

    The benchmark one-year tenor MCLR, which is used to price most consumer loans such as auto and personal, is now pegged higher at 8.95% against the earlier rate of 8.85%
  • Sensex and Nifty surge on global rally

    Equity benchmark indices Sensex and Nifty surged in early trade on Friday, driven by a global market rally and strong buying in IT stocks and Reliance Industries. The 30-share BSE Sensex climbed 805.96 points to 79,911.84, while the NSE Nifty rose 252.05 points to 24,395.80.
  • Zerodha turns 14: CEO Nithin Kamath says it’s time to get back to playing

    "Happy Independence Day. @zerodhaonline also turns 14 today, so thank you for all the love," Kamath shared in a post on X.com. Kamath, who co-founded Zerodha with his younger brother Nikhil in 2010, also posted a video from 2018, featuring his son singing the Indian national anthem, Jana Gana Mana, while Kamath played the guitar.
  • Bengaluru: Ola Electric launches e-motorcycles, to integrate own cells in EVs by Q1 FY26

    The company launched Roadster, Roadster X and Roadster Pro electric motorcyles, with prices starting from Rs 74,999, Rs 1,04,999 and Rs 1,99,999, respectively. It also teased two upcoming motorcycles – Sportster and Arrowhead.
  • Google’s advanced AI initiatives to break down language barriers

    According to an official, the search giant is intensifying its focus on India with the introduction of advanced AI tools aimed at enhancing agricultural practices
  • Cognizant’s new campus opened in Hyderabad

    With an office space of 10 lakh sq.ft, the new campus will provide employment to around 15,000 people, making Hyderabad its largest base in the world.
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