Thursday, March 30, 2023
Business

Pay Rs 1,337 crore fine imposed by Competition Commission, NCLAT tells Google

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Wednesday said that Google will have to pay the fine of Rs 1,337.76 crore, imposed on it by the Competition Commission of India (CCI).

Apple contribution to 'Make in India' smartphone reaches 25% in value terms

NEW DELHI: 'Make in India' shipments from Apple grew 65 per cent (on-year) by volume and 162 per cent by value, taking the brand's value share to 25 per cent in 2022, up from 12 per cent in 2021, a new report has shown.

Centre to introduce Forest (Conservation) Amendment Bill in LS today

NEW DELHI: The Centre on Wednesday will introduce the Forest (Conservation) Amendment Bill, 2023 in the Lok Sabha.

India to become largest civil aviation market in next decade: Jyotiraditya Scindia

NEW DELHI: Union Civil Aviation Minister Jyotiraditya Scindia said on Tuesday that India will become the largest civil aviation market in the next decade.

Deadline for linking PAN with Aadhar extended till June 30

NEW DELHI: In order to provide some more time to taxpayers, the date for linking PAN with Aadhaar has been extended to June 30.

Lyft CEO, president step down as former Amazon executive takes over

San Francisco:Ride-hailing company Lyft's co-founders, CEO Logan Green and president John Zimmer will transition from their full-time roles into non-executive roles, and former Amazon and Microsoft executive David Risher will become the new CEO, the company has announced.

Disney's 1st job cut round begins this week, 7K employees to be hit: CEO

San Francisco:Disney will begin its first round of layoffs at the company this week. In total, the media and entertainment company will sack 7,000 employees in three rounds, its CEO Bob Iger has announced.

US CFTC civil complaint 'unexpected & disappointing': Binance CEO

San Francisco:Leading crypto platform Binance's CEO Changpeng Zhao (CZ) on Tuesday said the civil complaint filed by the US Commodity Futures and Trading Commission (CFTC) against them is "unexpected and disappointing".

Centre to seek LS nod for passing Competition Amendment Bill

NEW DELHI: Finance Minister Nirmala Sitharaman will Tuesday move the Competition (Amendment) Bill, 2022 in the Lok Sabha for consideration and passing.

CIRP initiated in cases of DHFL, ABG Shipyard, Bhushan Power & Steel

NEW DELHI: Corporate insolvency resolution process (CIRP) was initiated in the cases of DHFL, ABG Shipyard and Bhushan Power and Steel (BPSL), and resolution plans were approved in cases of DHFL and BPSL, with amount realisable to creditors of Rs 37,167 crore and Rs 19,895 crore, respectively.

Musk attacking us as he is stressed about AI safety: OpenAI CEO

San Francisco:OpenAI CEO Sam Altman has hit back at Twitter CEO Elon Musk for criticising his for-profit company which is now owned by Microsoft.

Indian e-grocery market to witness growth in tier 2, beyond in 2023

NEW DELHI: The Indian e -grocery market, primarily dominated by slotted delivery, is set to witness growth in tier 2 and beyond regions, with horizontal players leading the way while the adoption of quick commerce is expected to remain steady, a report has shown.

FM reviews PSBs' performance amid banking crisis in US, Europe

NEW DELHI: Union Finance Minister Nirmala Sitharaman chaired a meeting on Saturday to review the performance of Public Sector Banks (PSBs) on various financial health parameters.

Over 23,000 techies lose jobs in nearly 82 Indian startups to date

NEW DELHI: As layoffs continue to deepen amid recession fears, more than 23,000 employees have been laid off by at least 82 startups in India, and the list is only growing, the media reported.

Xiaomi India joins United Way India to upskill transgender community in India

BENGALURU:Leading smartphone and smart TV brand Xiaomi India on Friday announced a collaboration with the United Way India to upskill the transgender community in the country.

Finance Bill passed in LS amid Oppn protest

NEW DELHI: The Lok Sabha on Friday passed the Finance Bill 2023 without any discussion through voice vote, amid protests by the Congress-led opposition.

BYJU's set to close $250 mn funding round soon at flat valuation 

NEW DELHI: Edtech major BYJU's is in advanced stages to raise $250 million at a flat valuation (at $22 billion the company last announced) as it struggles to repay a $1.2 billion term loan and turn profitable in 2023, reliable sources said on Thursday.

DMRC seeks review of HC order on plea by DAMEPL in arbitral award case

NEW DELHI: The Delhi Metro Rail Corporation (DMRC) on Thursday told the Delhi High Court that attachment of its statutory expenses will result in immediate stoppage of the entire Metro network in the national capital, and urged the court to review its order passed on a plea by Delhi Airport Metro Express Pvt Ltd (DAMEPL) owned by Reliance Infrastructure.

Madhav Sheth accepts global role at realme, new India head yet to be announced

NEW DELHI: Madhav Sheth, VP realme and President, realme International Business Group, on Friday announced he is accepting a new global role at the company, after sources indicated he may quit as the tech brand is bringing a top Chinese executive to run its India business.

Now sync your air travel with Uber via email integration in India

NEW DELHI: Ride-hailing major Uber on Thursday introduced a new feature where riders in India can opt to sync their air travel plans with the platform via email integration.

Mukesh Ambani 9th wealthiest in the world, Adani at 23rd rank

CHENNAI: Despite an erosion of 20 per cent or $21 billion in wealth, Reliance Industries' Chairman and Managing Director Mukesh Ambani continues to be at the top 10 wealthiest individuals in the world with a wealth of $82 billion, states the 2023 M3M Hurun Global Rich List.

Adobe launches new generative AI to transform customer experiences

NEW DELHI: Software major Adobe has announced new generative AI innovations across its Experience Cloud that aims to redefine how businesses deliver customer experiences.

SsangYong Motor reborn as KG Mobility after takeover

Seoul:SsangYong Motor Co on Wednesday changed its name to KG Mobility to transform itself into a future mobility solutions company.

Foxconn investment proposal cleared by Karnataka high-level committee

Bengaluru: The Karnataka State High-Level Clearance Committee (SHLCC) has approved Foxconn's investment proposal to manufacture mobile devices at facilities expected to come up in Doddaballapur and Devanahalli, an official statement said on Tuesday

25,119 projects sanctioned by AIF, Rs 11,722 crore disbursed

NEW DELHI: A total 25,119 projects of Rs 17,624 crore have been sanctioned from the Agriculture Infrastructure Fund (AIF) in the country and Madhya Pradesh has a maximum 5,567 projects worth Rs 4,275 crore, the Parliament was told on Tuesday.

17 scheduled airlines operating in the country, DGCA issued 718 Air Operator Certificate

NEW DELHI: There are 17 scheduled airlines operating in India while the number of aircrafts endorsed by the aviation regulator DGCA (Directorate General of Civil Aviation) on the Air Operator Certificate (AOC) is 718.

Gold is bankable, shines more than some western banks

CHENNAI: Gold has turned into a more bankable asset and its prices going up as several American banks are going down, say experts.

Mega textile park to be set up near Lucknow

LUCKNOW: A mega textile park will soon come up on 1,161 acres in Attari village under Malihabad tehsil in Lucknow district.

First Republic Bank's financial woes deepen despite cash infusion

NEW YOK: First Republic Bank's financial woes appeared to be deepening despite an industry-led emergency cash infusion, CNN reported.

Cabinet approves exemption to NTPC to invest in NTPC Green Energy

NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) on Friday granted exemption to NTPC Ltd for making investment in NTPC Green Energy Ltd (NGEL), it's wholly-owned subsidiary.

Japan egg prices surge amid record 16 million bird flu cullings

Tokyo:Egg prices are soaring in Japan as the current avian flu season sees a record 16 million birds marked for culling, local media reported on Saturday.

DMRC vs DAMEPL: Court directs Delhi Metro to deposit dues on receipt of funds from govt

NEW DELHI: The Delhi High Court on Friday directed the Delhi Metro Rail Corporation (DMRC) to deposit all funds payable as per an arbitral award to Reliance Infrastructure-owned Delhi Airport Metro Express Private Limited (DAMEPL), on receipt of funds from the Central and Delhi governments.

Vipin Vijay Nair from JIBS conferred with best Ph.D. dissertation award by IOSAC

SONIPAT: The International Association for the Study of Organized Crime (IASOC) has awarded Dr. Vipin Vijay Nair, Assistant Professor at Jindal Institute of Behavioural Sciences (JIBS), with the Best Ph.D. Dissertation Award for his work entitled 'Exploring coping mechanism of vulnerable & victims of commercial sexual exploitation: A participatory action research in rehabilitation & protective homes in India'.

Power men begin strike in UP, govt warns of action if sabotage reported

LUCKNOW:The Uttar Pradesh government has warned that it will deal with the striking power employees sternly and anyone found sabotaging the power system would be booked under the National Security Act (NSA), even as power employees in the state began a 72-hour strike from Thursday night.

Ayush Ministry signs MoU with Ministry of Rural Development to empower rural youth

NEW DELHI: The Ministry of Ayush and the Ministry of Rural Development on Thursday signed an MoU to transform the rural youth into economically independent and globally relevant workforce.

Delhi: CNG prices rise 38%, LPG cylinder gets 22% costlier in last 1 yr

NEW DELHI: The price of CNG has shot up by nearly 38 per cent while the price of an LPG cylinder increased by about 22 per cent in Delhi during the period of last one year.

Stock markets across Asia fall as global banking fears widen

Hong Kong:Stock markets across Asia fell on Thursday as troubles at international banking giant Credit Suisse intensified fears of a wider bank crisis.

Slump in Credit Suisse's shares hits European bank stocks

London:Shares in Switzerland's Credit Suisse have hit a record low on Wednesday morning, after its biggest shareholder said it cannot put up more money to support the bank, the media reported.

Paytm UPI LITE crosses 2 mn users with over half a million daily transactions

NEW DELHI:Homegrown Paytm Payments Bank on Wednesday announced it now has over 2 million users on Paytm UPI LITE.

CCI okays acquisition of METRO Cash, Carry by Reliance Retail Ventures

NEW DELHI: The Competition Commission of India (CCI) has approved the acquisition of METRO Cash and Carry India Private Limited by Reliance Retail Ventures Limited.

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