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Tesla shares plunge to wipe out $73 billion in market value

Jan 26, 2024

London, Jan 26 (IANS) Shares in Tesla plunged as much as 11 per cent after the market opened, wiping $73 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an existential threat from Chinese rivals, CNN reported.In an earnings presentation Wednesday, the world’s most valuable automaker said its…

Paytm Republic Day Festival offer: Get cashback of up to Rs 500, win an iPhone 15

Jan 26, 2024

New Delhi, Jan 26 (IANS) One97 Communications Limited (OCL), that owns the leading payments and financial services company Paytm, on Friday announced an offer with the theme, titled 'Paytm Republic Day Festival'.With this, users can make…

Business

Intel reports $15.4 bn in revenue in Q4, profit reaches $2.66 bn

Jan 26, 2024

New Delhi, Jan 26 (IANS) Chip-maker Intel has registered $15.4 billion in revenue in its fourth quarter (Q4) of 2023, up 10 per cent year-over-year (YoY).The full-year revenue was $54.2 billion, down 14 per cent YoY from $63.1 billion a…

Business

Lina Khan-led FTC probing Microsoft, Google investments into GenAI companies

Jan 26, 2024

San Francisco, Jan 26 (IANS) The US Federal Trade Commission (FTC) has issued orders to five Big Tech companies, including Microsoft and Google, requiring them to provide information regarding recent investments and partnerships involving…

Business

Apple announces changes to iOS, Safari, App Store ahead of EU DMA Act

Jan 26, 2024

San Francisco, Jan 26 (IANS) Apple has announced changes to iOS, Safari, and the App Store in the European Union in response to the Digital Markets Act (DMA) coming into force in March. For users, the changes include new controls and…

Business

Microsoft lays off 1,900 employees from Activision Blizzard, Xbox

Jan 26, 2024

San Francisco, Jan 25 (IANS) Microsoft is laying off at least 1,900 employees at gaming company Activision Blizzard it acquired recently, as well as at Xbox.The job cuts will affect around 8 per cent of the overall Microsoft gaming division…

Business

LIC gets RBI approval to acquire 9.99% stake in HDFC Bank

Jan 26, 2024

New Delhi, Jan 25 (IANS) The Reserve Bank of India (RBI) has accorded its approval to LIC for acquiring aggregate holding up to 9.99 per cent of the paid-up share capital or voting rights of HDFC Bank Limited. The approval has been…

Business

Reliance Industries celebrates India’s 75th Republic Day with employees, customers

Jan 26, 2024

New Delhi, Jan 25 (IANS) Reliance Retail has launched a number of special discount schemes on the occasion of India's 75th Republic Day.Reliance Digital has launched Digital India Sale with best deals on popular electronics.The customers…

Business

Civil Aviation Minister plans pre-embarkation security check facility at key metro airports

Jan 26, 2024

New Delhi, Jan 25 (IANS) Civil Aviation Minister Jyotiraditya M Scindia on Thursday held a meeting with airport operators where he urged them to adopt new ways for further adoption of DigiYatra at airports to provide a hassle-free and…

Business

Term loan lenders initiate corporate insolvency proceedings against Byju’s in India

Jan 26, 2024

New York/New Delhi, Jan 25 (IANS) Overseas lenders of Byju’s $1.2 billion term loans on Thursday said they have filed a petition before the Bengaluru Bench of the National Company Law Tribunal (NCLT) to initiate corporate insolvency…

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