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After six days of losses, market appears to be oversold, say analysts

Oct 27, 2023

New Delhi, Oct 27 (IANS) After six continuous days of losses triggered by the elevated bond yields in the US and tensions in West Asia, the market appears to be oversold, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.Shorting in the FPI overweight segments like banking and IT have contributed significantly to the…

Reliance Jio launches India’s 1st satellite-based Internet to connect inaccessible areas

Oct 27, 2023

New Delhi, Oct 27 (IANS) Reliance Jio on Friday successfully demonstrated India’s first satellite-based giga-fibre service to provide high-speed, affordable Internet services in inaccessible areas across the country. Called JioSpaceFiber,…

Business

Ford delays $12 bn in EV spend as consumers not willing to pay premium

Oct 27, 2023

San Francisco, Oct 27 (IANS) Automaker Ford has applied brakes on $12 billion in planned investments on electric cars, that included a battery factory in the site of Kentucky in the US, saying consumers are not willing to pay a premium for…

Business

I’ll make X the centre of people’s financial lives: Musk tells staff

Oct 27, 2023

San Francisco, Oct 27 (IANS) Elon Musk has told employees they will not need a bank account in about one year's time as X will become the centre of people's financial lives, handling anything that deals with money. In the first all-hands…

Business

Drivers of app-based taxi services go on indefinite strike in Patna

Oct 27, 2023

Patna, Oct 27 (IANS) The drivers of app-based taxis like Ola and Uber in Patna went on indefinite strike on Thursday.The drivers were assembled at the ground of Millar High School located at Veerchand Patel Path adjoining the JD-U office…

Business

DHFL fraud: ED attaches assets worth Rs 70 cr of Wadhawan brothers

Oct 27, 2023

New Delhi, Oct 26 (IANS) The Enforcement Directorate (ED) has attached assets worth Rs 70.39 crore belonging to Kapil Wadhawan and Dheeraj Wadhawan in connection with the DHFL fraud case.The ED said in a statement that it has attached the…

Business

Unacademy’s Graphy slashes about 30% jobs amid restructuring (Ld)

Oct 26, 2023

New Delhi, Oct 26 (IANS) Edtech platform Unacademy-owned software-as-a-service platform Graphy has laid off about 20-30 per cent of its workforce, or nearly 50 employees, in the last few weeks, as part of a restructuring exercise, media…

Business

Indian tech sector sees 40% surge in deal values in Q3

Oct 26, 2023

New Delhi, Oct 26 (IANS) The Indian technology sector saw 87 deals valued at $1.4 billion in the third quarter this year, a 40 per cent surge in values over the previous quarter, a report showed on Thursday. The deal volumes, however, fell…

Business

Short-term trend of Nifty continues to be negative, say analysts

Oct 26, 2023

Mumbai, Oct 26 (IANS) Bears remain at the helm as Nifty on Thursday slipped below the 19,000-mark for the first time in four months, indicating a rising bearish condition, said Rupak De, Senior Technical Analyst at LKP Securities. While…

Business

Unacademy’s Graphy slashes about 30% jobs amid restructuring: Report

Oct 26, 2023

New Delhi, Oct 26 (IANS) Edtech platform Unacademy-owned software-as-a-service platform Graphy has laid off about 20 to 30 per cent of its workforce, or nearly 50 employees, in the past few weeks, as part of a restructuring exercise, media…

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