Business
-
Amazon e-commerce business acquirer Benitago files for bankruptcy
San Francisco: Amazon e-commerce business acquirer Benitago Group has filed for bankruptcy in the US, listing both assets and liabilities ranging from $50 million to $100 million. Founded by Benedict Dohmen and…
-
Pegasystems to lay off nearly 240 employees in 2nd job cut this year
San Francisco: Global software company Pegasystems is laying off 4 per cent of its workforce, or about 240 employees, in a second job cut this year. US-based Pegasystems (Pega) said in public…
-
US economy added jobs at robust pace last month
Minneapolis: The US economy added 187,000 jobs in August, slightly more than expected, according to data released on Friday by the Bureau of Labor Statistics, a media report said. The monthly job…
-
Retail inflation expected to start coming down from this month: RBI Governor
Indore: Reserve Bank governor Shaktikanta Das on Friday said the central bank expects retail inflation to start declining from this month. He was referring to the central government’s steps to check prices…
-
CCI grants approval for merger of Vistara and Air India
New Delhi: The Competition Commission of India (CCI) granted approval on Friday for the merger between Tata Group’s airlines – Vistara and Air India. This significant development opens the door for Air…
-
Tesla cuts prices up to 19%, Model X now qualifies for US tax credit
San Francisco: Elon Musk-run Tesla on Friday reduced prices on the Model S and X electric vehicles, with price drops of up to 19 per cent in the US. People can buy…
-
Adani Group market cap jumps by Rs 12,675 crore
New Delhi: Adani Group stocks posted gains on Friday, leading to an increase in its market capitalisation by Rs 12,675 crore. The total market capitalisation of the 10 listed Adani Group companies…
-
GST revenues grow 11 pc to about Rs 1.6 lakh crore in August: Revenue secretary
New Delhi: The GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion, Revenue secretary Sanjay Malhotra said on…
-
realme C51: Democratizing fast charging innovation in C Series
New Delhi: Global technology brand realme said on Friday that it has always been at the forefront of innovation and has upped its game of fast charging by introducing technology such as…
-
Y Combinator severs ties with Indian startup Medobed over ‘irregularities’
San Francisco: Leading US-based investment firm Y Combinator has reportedly taken stern action on Indian instant medicine delivery startup Medobed after discovering “irregularities” at the platform. According to TechCrunch, citing sources, Y…
-
Investor sues Amazon for giving hefty launch contracts to Bezos’ Blue Origin
San Francisco: An institutional investor has sued e-commerce giant Amazon and its board, including founder Jeff Bezos, alleging there was no due diligence in the company’s Project Kuiper “hefty launch contracts to…
-
BGMI developer Krafton set to launch more games, further invest in India
New Delhi: South Korean video game developer Krafton, the publisher behind popular Battlegrounds Mobile India (BGMI) game, is all set to launch more games in the coming year in India, while looking…
-
UPI-based payments cross 10 bn monthly transactions for 1st time
New Delhi: The Unified Payments Interface (UPI)-based payments crossed 10 billion monthly transactions in August for the first time, according to the National Payments Corporation of India (NPCI). Monthly transaction count on…