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Apple plans to charge developers who allow to sideload their apps in EU: Report

Jan 25, 2024

San Francisco, Jan 25 (IANS) Apple is reportedly planning to impose fees and restrictions on developers who offer the ability to sideload their apps in the European Union (EU).App sideloading will allow users to download apps from outside the App Store for the first time, but only within the EU. The change is necessitated by the EU's Digital…

US-based investment firm Fidelity cuts valuation of Pine Labs, Meesho

Jan 25, 2024

New Delhi, Jan 25 (IANS) Global investment firm Fidelity has marked down the valuation of fintech unicorn Pine Labs and e-commerce company Meesho. As per the regulatory filings with the US' Securities and Exchange Commission (SEC), Fidelity…

Business

SK hynix swings to profit on rising demand for premium chips

Jan 25, 2024

Seoul, Jan 25 (IANS) SK hynix said on Thursday it swung to a profit in the fourth quarter of last year on the back of rising demand for premium memory chip products.The world's second-largest memory chipmaker posted an operating profit of…

Business

Autonomous vehicle tech firm Aurora lays off 3% of workforce

Jan 25, 2024

San Francisco, Jan 25 (IANS) Autonomous vehicle technology company Aurora Innovation has laid off three per cent of its workforce at the starting of this year, the media reported.As per the company, Aurora employed about 1,800 employees as…

Business

Sensex down 700 points led by slump in Tech Mahindra

Jan 25, 2024

New Delhi, Jan 25 (IANS) BSE Sensex is down 700 points in morning trade on Thursday led by a slump in Tech Mahindra.BSE Sensex was trading at 70,331.85 points, down by 728.46 points or 1.03 per cent.Tech Mahindra plunged more than 5 per…

Business

Freshworks entered a red ocean market by choice: CEO Girish Mathrubootham

Jan 25, 2024

New Delhi, Jan 25 (IANS) Despite the funding winter induced by tightening global monetary environment, Indian startups saw $8.4 billion of capital pour into them in 2023. Over the last couple of years, Indian startups have embraced the new…

Business

Cloud software major SAP’s restructuring plan to affect 8,000 jobs

Jan 25, 2024

New Delhi, Jan 25 (IANS) Cloud software major SAP has announced a company-wide restructuring programme in 2024 that will affect approximately 8,000 positions.The majority of the approximately 8,000 affected positions is expected to be…

Business

Microsoft now a $3 trillion company, second after Apple

Jan 25, 2024

San Francisco, Jan 25 (IANS) Microsoft has reached the coveted $3 trillion mark and became the second company after Apple to achieve this feat.Microsoft reached a $3 trillion market cap, the first time in its 48-year history.The Satya…

Business

EV sales growth may be ‘notably lower’ in 2024: Tesla

Jan 25, 2024

San Francisco, Jan 25 (IANS) Elon Musk-run Tesla has reported $7.9 billion in net income and $25.2 billion in revenue during the fourth quarter of 2023, a 3 per cent growth from the same quarter last year. The electric car company…

Business

DIAL moves Delhi HC against Centre’s decision to permit commercial flight operations at Hindon…

Jan 25, 2024

New Delhi, Jan 24 (IANS) The Delhi International Airport Limited (DIAL) on Wednesday filed a petition before the Delhi High Court challenging the Civil Aviation Ministry's decision to permit the Airports Authority of India (AAI) to start…

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