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S.Korea unhappy with France over exclusion of Kia EV from subsidy list

Dec 19, 2023

Seoul, Dec 19 (IANS) South Korea expressed regret to France on Tuesday over the exclusion of a locally produced electric vehicle (EV) of Kia Corp. from the list of automobiles eligible for subsidies in France, the industry ministry said.First Vice Industry Minister Jang Young-jin delivered the concern to French Trade Minister Olivier Becht in Seoul…

India tops global remittances list for 2023 with $125 bn inflow

Dec 19, 2023

New Delhi, Dec 19 (IANS) The inward remittances to India in 2023 increased by 12.3 per cent to $125 billion from 111.22 billion in 2022, according to the latest data released by the World Bank.India's inward remittances now account for 3.4…

Business

IT stocks drag Sensex lower

Dec 19, 2023

New Delhi, Dec 19 (IANS) The market is likely to move into a consolidation phase as the Christmas holidays and the New Year approach, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.A period of consolidation…

Business

India’s growth rate to stay strong, current account deficit to dip: IMF report

Dec 19, 2023

New Delhi, Dec 19 (IANS) India’s economic growth rate is expected to remain strong, supported by macroeconomic and financial stability, according to an International Monetary Fund (IMF) assessment report released on Tuesday.“Going forward,…

Business

Adobe terminates $20 bn deal to buy rival Figma amid regulatory headwinds

Dec 19, 2023

San Francisco, Dec 19 (IANS) Software major Adobe has announced to terminate its $20 billion mega deal to buy its rival Figma after the acquisition hit the regulatory roadblock in the EU and the UK. The companies announced they have entered…

Business

Paytm offers exclusive discounts on flight tickets for Dubai Shopping Festival

Dec 19, 2023

New Delhi, Dec 19 (IANS) One97 Communications Limited (OCL) that owns leading payments and financial services company Paytm, on Tuesday announced great discounts on flight tickets for users attending the Dubai Shopping Festival, running…

Business

Apple to stop selling Watch Series 9, Ultra 2 in US over patent dispute

Dec 19, 2023

San Francisco, Dec 19 (IANS) Apple will stop selling its Watch Series 9 and Ultra 2 smartwatches in the US this week over a patent dispute.Both the newly-launched Apple Watches will no longer be available to purchase online from December…

Business

Ebix stock in record plunge after bankruptcy filing

Dec 19, 2023

New York, Dec 18 (IANS) Shares of Ebix Inc. plummeted 54.6 per cent towards a 17-year low in premarket trading on Monday, after the Georgia-based provider of on-demand software for the insurance, financial services, travel and healthcare…

Business

Industry stakeholders hail new Telecommunications Bill 2023

Dec 19, 2023

New Delhi, Dec 18 (IANS) Industry stakeholders on Monday welcomed the new Telecommunications Bill, 2023, saying its provisions will bring uniformity across states in terms of Right of Way (RoW) rules and regulations, along with rates. They…

Business

Profit booking seen after a sharp rally over last three sessions

Dec 18, 2023

Mumbai, Dec 18 (IANS) Domestic equities traded lackluster on Monday as profit booking was seen after a sharp rally over the last three sessions, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.The…

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