Business

Mumbai: The rupee depreciated 9 paise to 79.71 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market and rising crude oil prices. At the interbank foreign exchange, the rupee opened at 79.67 against the US dollar and lost further ground to 79.71, registering a […]

New Delhi: The Broadband India Forum (BIF) on Thursday questioned the government’s decision to ask enterprises to submit demand studies in order to assess direct assignment of spectrum for them to set up private captive 5G networks. The government on Wednesday announced to undertake demand studies for the direct assignment of spectrum to enterprises with net […]

Mumbai: Equity benchmark Sensex rallied 580 points in early trade on Thursday, buoyed by intense buying in IT, financial and banking stocks amid a firm trend in global markets. The 30-share BSE index was trading 581.26 points or 0.99 per cent higher at 59,398.55 in initial deals. Similarly, the broader NSE Nifty advanced 159.80 points […]

Mumbai: The rupee was trading in a narrow range against the US dollar in opening trade on Thursday amid a rally in the equity markets. At the interbank foreign exchange, the rupee witnessed range-bound trading in early deals. It opened at 79.22 against the US dollar, then fell to 79.31, registering a decline of 6 […]

New Delhi: Leading digital payments platform PhonePe on Wednesday announced that its users can now purchase Apples App Store codes to pay for digital content such as apps, games, music and more. The company said that the codes are available in various denominations on PhonePe, starting from Rs 100 and going up to Rs 10,000. “PhonePe […]

San Francisco: As Apple is prepping up to launch its next-generation iPhones, a new report said that the supply chain of the tech giant’s upcoming iPhone 14 series will remain unaffected by current geopolitical tensions. On Twitter, prominent analyst Ming-Chi Kuo said his survey showed “no impact on the supply chain of the iPhone 14 models”. […]

Mumbai: Equity benchmark Sensex dropped over 130 points in early trade on Wednesday amid a subdued trend in global markets. After opening on a positive note, the market turned choppy in early deals. The 30-share BSE index was trading 131.71 points or 0.22 per cent lower at 58,721.36 points. Similarly, the broader NSE Nifty fell […]

Mumbai: The rupee appreciated by 11 paise to 79.52 against the US dollar in opening trade on Wednesday, tracking easing crude oil prices and foreign fund inflows. Forex traders said sideways USD/INR trades are likely ahead of crucial US inflation data. At the interbank foreign exchange, the rupee opened at 79.59 against the US dollar […]

San Francisco: Electric vehicle company Tesla CEO Elon Musk has sold 7.92 million shares of the company worth around $6.88 billion, media reports say. Musk’s transactions occurred between August 5 and August 9, the US Securities and Exchange Commission (SEC) filings revealed, following Tesla’s 2022 annual shareholder meeting on August 4 in Austin, Texas, reports […]

Hyderabad: Pactera EDGE, a global digital and technology services company headquartered in Redmond, said it has plans to double its headcount by adding about 1,500 employees in 18 months. Currently, it operating from Raheja Mindspace in Hyderabad and already has 1,500 people. This apart, it also has plans to start a new campus in a […]

Hyderabad: Hyderabad-based Aritificial intelligence player DPhi said it raised seed funding of €300,000 (Rs 2.4 Cr) from Selçuk Boydak, a serial AI entrepreneur and investor. Selçuk has been building companies primarily in Switzerland and is currently focusing on the global roll-out of AI ecosystem. DPhi will use this fund to grow its community and expand […]

New Delhi: Gold prices on Monday increased by Rs 120 to Rs 51,994 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for October delivery traded higher by Rs 120 or 0.23 per cent at Rs 51,994 per 10 gram in […]

New Delhi: LG Electronic on Monday announced two new sets of ‘TONE Free’ wireless earbuds, and the flagship device comes with the world’s first ‘Dolby Head Tracking’ feature across all content and devices. The ‘Dolby Head Tracking’ feature in TONE Free T90 model recalibrates the sound as users move their heads for a more natural sound […]

Mumbai: Equity benchmark Sensex advanced over 110 points in opening trade on Monday, tracking gains in index majors M&M, Reliance Industries and HDFC twins amid a mixed trend in global markets. After opening on a weak note, the 30-share BSE benchmark rose 111.88 points or 0.19 per cent to 58,499.81 in morning deals. The broader […]

Mumbai: The rupee depreciated 22 paise to 79.46 against the US dollar in early trade on Monday, tracking subdued sentiment in the domestic equities. However, persistent foreign fund inflows into the capital market restricted the rupee’s fall, forex traders said. At the interbank foreign exchange, the rupee opened weak at 79.50 against the US dollar […]

New Delhi: Meta is shutting down Quest 1 virtual reality (VR) headset support for ‘Population: One’, its popular battle-royale game set in VR. Quest 1 owners will no longer be able to launch or play the game starting October 31, its developer BigBox VR has announced. Quest 1 players can still play the game if they […]

Beijing: As Apple is gearing to launch its next-generation series of iPhones, a new report said that the upcoming iPhone 14 is likely to be delayed due to growing tension between China and Taiwan, media reports say. According to GSMArena, Apple is TSMC’s top customer, and the company ships chips to Pegatron in China, where iPhones […]

New Delhi: Civil Aviation Minister Jyotiraditya Scindia will on Sunday inaugurate Akasa Air’s first commercial flight that will operate on the Mumbai-Ahmedabad route. Earlier, on July 22, India’s newest airline Akasa Air on Friday opened ticket bookings for its first commercial flights with an initial network in Ahmedabad, Bengaluru, Mumbai, and Kochi. Initially, Akasa Air, whose […]

Mumbai: India’s foreign exchange (forex) reserves rose by $2.315 billion to $573.875 billion for the week ended July 29 on the back of robust capital inflows in the equities markets and strengthening of rupee from the record low, the Reserve Bank of India (RBI) data showed. The country’s forex reserves have risen for the first […]

Mumbai: India’s largest state-owned bank, State Bank of India (SBI) reported a marginal fall in net profit of 6.70 per cent year-on-year to Rs 6,068 crore on back of fall in operating profit. On sequential basis, the net profit fell 33.42 per cent. In the similar period last year, the bank had reported a net profit […]

Beijing, Aug 6 (IANS) Chinese tech conglomerate Alibaba has bid goodbye to nearly 10,000 employees in an effort to cut expenses amid sluggish sales and slowing economy in the country, the media reported on Saturday. According to South China Morning Post, more than 9,241 employees left Hangzhou-based Alibaba during the June quarter, as the company […]

Mumbai: The Reserve Bank on Friday decided to expand the scope of Internal Ombudsman framework by including Credit Information Companies (CICs) with a view to strengthening grievance redressal system. The Reserve Bank-Integrated Ombudsman Scheme (RB-IOS) has improved the customer grievance redressal mechanism. The turnaround time of grievance redressal under RB-IOS has declined considerably, RBI said […]

Mumbai: The Indian rupee appreciated 26 paise during the afternoon trade at 79.20 against the US dollar by 12.37 p.m. on Friday, as against 79.46 close on the previous trading session. In the morning trade, the rupee had appreciated more than 50 paise, but as soon as crude oil prices rises the gains has reduced. […]

San Francisco: Tech giant Apple’s upcoming iPhone 14 base model is rumoured to cost $799, which is the same price as the iPhone 13. The move is aimed at boosting sales for the model. The global smartphone market has experienced a squeeze and the tipster said Apple is adjusting to coping with the reality, GizmoChina quoted […]