Tuesday, November 29, 2022
Business

Indian stock markets touch new heights on Monday 

CHENNAI: The Indian stock markets flared up on Monday with the Sensex of BSE and Nifty of NSE touching record highs.

5.4 mn users' data exposed online as Musk reveals Twitter 2.0

NEW DELHI: As Elon Musk goes gaga over Twitter 2.0 which will be the 'Everything App', at least 5.4 million Twitter user records, stolen via an internal bug, have been leaked online on a hacker forum.

Unstable yarn prices: Powerlooms to remain shut in Tiruppur, Coimbatore for 14 days

CHENNAI: With unstable yarn prices and high power tariffs taking a toll on their products, the Tiruppur and Coimbatore district textile and fibre manufacturers have decided to stop their production which would lead to the shutting down of the power looms for the next 14 days.

Musk fixes 'slight degradation of service' on Twitter

San Francisco:After a few users reported that they were not able to block accounts, Twitter CEO Elon Musk on Monday claimed that a "slight degradation of service" on the micro-blogging platform was caused due to an old "3rd party tool" which has now been fixed.

RBI should consider moderating its pace of monetary tightening: CII

NEW DELHI: Domestic demand is recovering well as mirrored by the performance of a host of high-frequency indicators. However, the prevailing global polycrisis is likely to impinge on our growth prospects too.

Odisha CM writes to Sitharaman for withdrawal of GST on kendu leaves

Bhubaneswar:Odisha Chief Minister Naveen Patnaik has urged Union Finance Minister Nirmala Sitharaman to withdraw 18 per cent GST imposed on kendu leaves.

FCC bans Chinese tech equipment from entering US

WASHINGTON: The US Federal Communications Commission (FCC) has prohibited communications equipment and video surveillance technology from Chinese companies like Huawei, ZTE, Hikvision, Hytera, and Dahua to reach the country.

Thanksgiving Day online sales touch $5.3 bn in US, mobile top choice

San Francisco:People spent $5.3 billion in online shopping on Thanksgiving Day in the U.S., up 2.8 per cent from last year.

Paytm Payments Services Ltd to resubmit application for authorisation to provide payment aggregator service

NEW DELHI: India's leading digital payments and financial services company Paytm on Saturday shared an update with the exchanges about its 100 per cent subsidiary, Paytm Payments Services Limited (PPSL).

Wipro 3D launches industrial grade 'make in India' 3D printer

Bengaluru:Wipro 3D, a part of Wipro's strategic initiative into the future of manufacturing, on Friday launched its first indigenously-developed, industrial grade 3D printer.

Twitter 'Verified' next week, all accounts to be manually authenticated: Musk

NEW DELHI: Elon Musk on Friday said Twitter will tentatively relaunch 'Verified' service on Friday next week and all verified accounts will be "manually authenticated before check activates".

Gujarat 1st state to get Jio True 5G across all districts 

MUMBAI: Reliance Jio on Friday said Gujarat has become the first state to get 'True 5G' in each of the 33 district headquarters.

India-Gulf Cooperation Council FTA talks to resume

NEW DELHI: India and the Gulf Cooperation Council (GCC) on Friday decided to expedite the legal and technical requirements for a formal resumption of the free trade agreement (FTA) negotiations.

Jack Dorsey has a pure heart: Elon Musk

NEW DELHI: Defending Jack Dorsey once again, his billionaire friend Elon Musk on Friday said that the former Twitter CEO has a "pure heart".

PVR Cinemas opens its first 12-screen superplex at Lulu Mall in Kerala

Thiruvananthapuram: PVR Cinemas, one of the premium cinema exhibition companies in the country, has opened its first 12-screen superplex at Lulu Mall in the state capital.

Besides tourism, Rajasthan will now be promoted as a business state too!

JAIPUR: Travellers from all across the world are keen to come to Udaipur and jodhpur due to its scenic beauty and architectural marvels exiting in the form of palaces, forts and havelis, however, now, the Rajasthan government is planning to turn these cities into business cities by promoting trade and export from here, confirmed officials.

SBI warns customers against instant loan apps

NEW DELHI:The country's largest lender, State Bank of India (SBI) has warned customers against instant loan apps and even suggested measures to safeguard against the menace.

Gadkari approves road projects in Haryana, Telangana, Andhra

NEW DELHI: Union Road Transport and Highways Minister Nitin Gadkari has approved road projects of nearly Rs 1,322 crore in Haryana and worth Rs 573.13 Crore for Telangana and Andhra Pradesh.

UP ministers ready to cross shores for Global Investors' Summit

LUCKNOW: Uttar Pradesh ministers will travel to 19 cities across 17 countries between December 9 and 19, ahead of the Global Investors' Summit (GIS) scheduled early next year.

Tax collections to cross budget estimates in current fiscal, says government

NEW DELHI: Domestic tax collections will exceed the budget estimate by nearly Rs 4 lakh crore in the current fiscal owing to higher income tax, customs duty, and GST collections, the government said on Wednesday.

Paytm Payments Bank supports UPI market cap, maintains leadership as PSP & Issuer Bank

NEW DELHI:Homegrown Paytm Payments Bank Limited (PPBL) on Wednesday said it supports and welcomes the proposed implementation of National Payments Council of India's (NPCI) UPI market cap.

Air India announces new flights to six destinations in USA, Europe

NEW DELHI: Air India on Wednesday announced the strengthening and expansion of its global footprint with the launch of new flights connecting Mumbai with New York, Paris and Frankfurt, and the resumption of non-stop flights connecting Delhi with Copenhagen, Milan and Vienna.

HP Inc to reduce global headcount by up to 6K employees

Palo Alto (California): PC and printer major HP Inc is joining the ongoing tech layoff season and will lay off nearly 4,000-6,000 employees.

Meta denies Mark Zuckerberg is set to resign next year

San Francisco:Meta (formerly Facebook) has denied reports that its founder and CEO Mark Zuckerberg is resigning next year amid slow growth and massive layoffs at the social network.

Union Labour Ministry summons Amazon over layoffs

BENGALURU: The Union Labour Ministry has summoned Amazon India to appear before the Deputy Chief Labour Commissioner in Bengaluru on Wednesday in connection with the alleged forced terminations by the company.

UP supplementary budget on Dec 5, oppn wants postponement

LUCKNOW: The Uttar Pradesh government will present its first supplementary budget for 2022-2023 in the state Assembly on the first day of the three-day winter session, commencing here on December 5.

Spotify expands audiobooks to countries beyond U.S.

San Francisco:Leading music streaming platform Spotify has announced that it has expanded its audiobooks in more countries.

Elon Musk cuts Twitter's employee perks

San Francisco:Twitter boss Elon Musk has cut company perks for employees, including wellness, productivity, home internet, training and development, outschools, daycare and quarterly team activities, according to an internal memo seen by The Verge.

Automotive firm Ultraviolette raises $24 mn led by Qualcomm Ventures, Lingotto

Bengaluru: Ultraviolette Automotive Pvt Ltd on Tuesday expanded its ongoing Series D round led by Qualcomm Ventures and Lingotto. According to sources, the company raised $24 million in the expanded round, taking the total funding in Series D to $34 million to date.

realme will continue its journey as a socially responsible brand

NEW DELHI: The concept of giving back to society is an age-old concept in India which has got prominence globally amid the rise of 'woke' culture.

CCI order in Google case may have financial implications for local developers

NEW DELHI: The recent order by the Competition Commission of India (CCI) in the Google case may appear developer friendly but in practice, it may have a practical and financial impact on the developers, especially the startups, legal experts said on Monday.

India can't be just seen as a land for making and taking profits out of its geographic boundaries: Gautam Adani

NEW DELHI: India cannot be just seen as a land for "making and taking" profits out of its geographic boundaries, Gautam Adani, Chairman of the Adani Group, said.

DMRC achieves milestone in phase IV metro construction

NEW DELHI: The Delhi Metro Rail Corporation (DMRC) on Saturday achieved a major construction milestone in Phase IV of the project with the completion of tunneling work between Krishna Park Extension and Keshopur on the Janakpuri West - RK Ashram Marg corridor.

Crunching Numbers: 12 PSBs end Sept quarter notching up Rs 25K+ cr net profit

NEW DELHI: It looks like sunshine days for the Indian banking sector after having struggled with a seemingly never-ending gloom of rising non-performing assets (NPAs) and the Covid-19 pandemic, which hit their profits hard.

IT sleuths raid MG Motor's office in Gurugram

NEW DELHI: The Income Tax Department on Friday conducted a search operation at the office of MG Motor India in Gurugram. The firm has chinese connections.

SJM objects to Food Regulator's HSR rating proposal

NEW DELHI: Swadeshi Jagran Manch (SJM), the RSS' economic wing, has urged the food regulator FSSAI to take steps to revise the regulation on the issue of Front of Pack Label (FOPL) in such a way that it would provide health related risk warning caused by high sugar, salt of saturated fats.

realme to set a benchmark in tech industry with new care service system

NEW DELHI: Customer satisfaction is the key driver for a successful business. How can you make your consumer happy? Naturally, you have to deliver a product that lives up to or surpasses their expectations. But is that all?

ITC Hotels launch Welcomhotel Jim Corbett

NEW DELHI:With dreamy landscapes and the charm of the wilderness, Jim Corbett makes for a perfect bleisure destination. Far away from the hustle bustle of city life, located on a hill-top, spread over 3.5 acres of woodland forests, Welcomhotel by ITC Hotels, Jim Corbett is about 45 minutes away from India's premier National Park, home to over 600 different varieties of flora and fauna.

Amazon confirms layoffs, employees say 'horrendous way to treat people'

San Francisco:As Big Tech goes through the layoff season, e-commerce giant Amazon has confirmed job losses at the company, saying that in the current macroeconomic environment, some teams are "making adjustments" amid "consolidation of some teams and programmes".

I don't want to be CEO of Twitter or any company: Elon Musk

San Francisco:Elon Musk has said that he does not want to be the CEO of any company, be it Tesla or Twitter.

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