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Business

Samsung grapples with labour dispute, semiconductor setbacks

Seoul, May 30 (IANS) Samsung is grappling with internal and external challenges at a critical time when it should be focusing on enhancing its competitiveness in the key semiconductor business amid a rapidly changing business environment.Earlier this week, the National Samsung Electronics Union (NSEU) announced plans to go on a strike in protest…
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Business

Sensex sheds 617 points, IT and metal stocks drag

Mumbai, May 30 (IANS) Indian equity indices closed in deep red on Thursday due to profit booking before the Lok Sabha election results. Sensex was down 617 points or 0.83 per cent, at 73,885, and Nifty was down 216 points or 0.95 per cent,…
Business

Truecaller crosses 400 million monthly active users

New Delhi, May 30 (IANS) Leading caller identification app Truecaller on Thursday announced that it has reached a significant milestone of 400 million users monthly.The company said that it continues to grow rapidly in many different…
Business

RBI sees CPI inflation easing to 4.5 pc in 2024-25

Mumbai, May 30 (IANS) The RBI has projected the country’s inflation rate, based on the Consumer Price Index (CPI), at 4.5 per cent for 2024-25 in the backdrop of an above-average monsoon expected this year and easing of supply chain…