Business

New York: E-commerce company Wayfair CEO Niraj Shah has fired 870 people, or 5 per cent of the company’s global workforce, as the growth he anticipated has not materialised this year. In a memo, Shah said that the US-based company was “seeing the tailwinds of the pandemic accelerate the adoption of ecommerce shopping, and I personally […]

Hyderabad: E-commerce marketplace Flipkart signed a memorandum of understanding (MoU) with the Indian Institute of Millets Research (IIMR) to enable market access for Farmer Producer Organizations (FPOs) and Self-Help Groups (SHGs). Through this partnership, Flipkart will provide pan-India market access. It will engage with these communities through virtual and on-ground training and capacity-building initiatives to […]

Hyderabad: The consumer court has penalised Ola Cabs for charging a customer an exorbitant amount and not providing air conditioning. Following a petition filed by Jabez Samuel stating that he and his wife were left stranded for four hours after the cab driver asked them to get down after covering 5 kilometers in October last […]

New Delhi: India’s gold imports, which have a bearing on the country’s Current Account Deficit (CAD), rose 6.4 per cent to USD 12.9 billion during April-July this fiscal due to healthy demand, according to government data. The imports stood at USD 12 billion during the same period a year ago. In July 2022, however, imports […]

Mumbai: Equity benchmarks started the trade on a positive note on Friday, with the Sensex climbing over 113 points in early trade, amid mixed trends from global equities. The 30-share BSE index advanced 113.2 points to 60,411.20 in early deals. The broader NSE Nifty climbed 35.7 points to 17,992.20. Later, both the benchmark indices turned […]

Mumbai: The rupee depreciated 12 paise to 79.76 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 79.75 against the US dollar, then fell to 79.76, registering a decline of 12 paise over the last […]

Hyderabad: Artificial intelligence solutions provider Kore.ai announced plans to widen the availability of its solution- Kore.ai Experience Optimization XO platform- to companies of all sizes. Small and medium businesses, startups, entrepreneurs and developer community will benefit from the platform’s do-it-yourself (DIY) functionalities for driving AI adoption without a big initial investment. “Kore.ai’s platform technology, which […]

Hyderabad: WE HUB launched its second cohort of the ‘GIRLS IN STE(A)M (Science, technology, engineering, arts and mathematics)’ programme. The eight-week module enables girls aged 13-17 to explore entrepreneurship. They get hands-on learning in robotics, 3D designs and printing, Ham radio, automation, aeromodelling, and data science. About 600 students from 20 schools are part of […]

Hyderabad: Consumer electronics brand Samsung on Thursday launched its Galaxy Z Flip4 and Galaxy Z Fold4 premium smartphones in Hyderabad. They are now open for booking online and across retail stores. Galaxy Z Flip4 is priced at Rs 89,999 for 8GB 128GB variant and Rs 94,999 for 8GB 256GB variants. Its bespoke edition that offers […]

Hyderabad: Hyderabad-based game development company 7Seas Entertainment announced the launch of Gamer Shorts, a mobile app for gamers to offer short games, gaming news, analyst perspectives, views on new investments, and innovations. It already has 25 short and easy mobile games in racing, puzzles, and arcade sports genres. “These games typically do not need a […]

Hyderabad: Many do not mind going out without carrying any cash on person. They believe they can just scan and pay through the UPI for all purchases they make. UPI is a convenience and is free. But that might change soon and there might be a fee to pay on UPI transactions. The RBI on […]

New Delhi: The Central government is looking at the possibility of adopting a universal charger model for all electronic devices like mobile phones, laptops, electric watches, and will set up a panel seeking views on the proposal, informed sources said. The sources said the Centre will set up three expert groups which will submit their […]

Mumbai: The Reserve Bank of India (RBI) has invited feedback from the public on the various changes proposed in the payments system, including the possibility of imposing tiered charges on transactions done through the Unified Payments Interface (UPI). As announced in the Statement on Developmental and Regulatory Policies dated December 08, 2021, the Reserve Bank […]

Mumbai: Equity benchmarks halted their rally on Thursday, with the Sensex falling over 214 points in early trade, tracking weak global market trends. The 30-share BSE index declined 214.11 points to 60,046.02 in early deals. The broader NSE Nifty went lower by 61.85 points to 17,882.40. From the Sensex pack, Dr Reddy’s Laboratories, Sun Pharma, […]

Mumbai: The rupee depreciated 23 paise to 79.68 against the US dollar in opening trade on Thursday, tracking the strength of the American currency in the overseas market and a muted trend in domestic equities. At the interbank foreign exchange, the rupee opened at 79.60 against the US dollar, then fell to 79.68, registering a […]

New Delhi: Gold in the national capital has slipped Rs 53 to Rs 52,340 per 10 grams amid a decline in international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 52,393 per 10 grams. Silver also declined Rs 256 to Rs 57,957 […]

San Francisco: Tech giant Apple is set to hold its iPhone 14 event in early September that will unveil next-generation iPhones, Watch Series 8 and other products and services. According to reports, the iPhone 14 launch date can be September 7. Apple generally organises its annual mega event around those dates. The company was yet to […]

New Delhi: The Central Consumer Protection Authority (CCPA) on Wednesday said it has imposed a penalty of Rs 1,00,000 on e-commerce player Flipkart for allowing the sale of substandard domestic pressure cookers on its platform. Speaking to PTI, CCPA Chief Commissioner Nidhi Khare said a penalty of Rs 1,00,000 has been imposed on Flipkart for […]

New Delhi: Indian EV startup Exponent Energy, which claims to have developed a battery that gets powered from zero to 100 per cent in just 15-minutes, on Wednesday raised $13 million funds led by top VC firm Lightspeed. Bengaluru-based Exponent has developed the epump and epack, its proprietary charger and battery pack, that together unlock a […]

Mumbai: The stocks in Rakesh Jhunjhunwala’s portfolio which saw a downfall on Tuesday, has rebounded on Wednesday, but few stocks still trading in red. Stocks such as CRISIL trading 2.03 per cent down, Federal Bank was down 1.09 per cent, Karur Vyasa Bank was down 0.92 per cent, Escorts Kubota was down 0.39 per cent […]

Hyderabad: The demise of billionaire trader Rakesh Jhunjhunwala, also known as a ‘big bull’ of the Indian stock market, has been a major setback for the country.  Dairy brand Amul paid a heartfelt tribute to Jhunjhunwala through its evergreen doodle series. Amul posted a doodle of Jhunjhunwala sitting on a chair. Right next to him […]

San Francisco: Tech giant Apple has laid off about 100 contract-based recruiters in the past week in an effort to slow hiring and spending, media reports say. The recruiters, who are responsible for hiring new employees at the company, were told that the layoffs reflect changes to Apple’s business needs, citing Bloomberg, CNBC reported. As per […]

New Delhi: Bharti Airtel on Wednesday said it has paid Rs 8,312.4 crore to the Department of Telecom (DoT) towards dues for spectrum acquired in the recently concluded 5G auctions. Airtel said it has paid four years of 2022 5G spectrum dues upfront. “This upfront payment of 4 years allows us to drive 5G rollout in […]

New Delhi: Seven in 10 Indian consumers believe that mobile devices have different charging cables because it allows the manufacturers to maximise sale of accessories amid lack of government standards, a new report said on Wednesday. While five in 10 respondents say different charging cables are there due to lack of government standards, nine in […]