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Small cap stocks come under selling pressure

Nov 22, 2023

New Delhi, Nov 22 (IANS) Selling is being witnessed in small cap stocks with the indices falling more than the benchmark indices on Wednesday.BSE Small Cap Select Index is down 1 per cent in trade. Among the constituents of the index, Sonata Software is down 5 per cent, Suzlon is down 5 per cent, KPIT Tech is down more than 4 per cent, JSL is down…

Tesla, Elon Musk knew of defective Autopilot system: US judge

Nov 22, 2023

San Francisco, Nov 22 (IANS) A US judge has ruled that there is "reasonable evidence" that Tesla and its CEO Elon Musk knew its electric cars had "defective Autopilot systems" but still allowed the EVs to be driven in areas "not safe for…

Business

UST to double headcount to 4,000 in Hyderabad, opens new office

Nov 22, 2023

Hyderabad, Nov 22 (IANS) Digital transformation solutions company UST on Wednesday opened a new office here, saying it will double the headcount from 2,000 to 4,000 in the city in the next 2-3 years.The 1,18,000-square-feet facility, with…

Business

Tesla workers report robot injuries, explosions at US Cybertruck factory

Nov 22, 2023

San Francisco, Nov 22 (IANS) As Elon Musk gears up to deliver first Cybertrucks to customers, a new report has claimed that workers at Tesla’s Texas gigafactory report explosions, concussions and grisly robot injuries. The Information…

Business

Binance CEO pleads guilty, steps down and agrees to pay $4.3 bn in fines

Nov 22, 2023

San Francisco, Nov 22 (IANS) Binance Founder Changpeng Zhao (also known as CZ) on Wednesday announced that he will step down as the CEO of the world's largest cryptocurrency exchange, after pleading guilty to federal charges and agreeing to…

Business

Salesforce India logs over Rs 6,000 cr revenue in FY23, to expand footprint

Nov 22, 2023

Bengaluru, Nov 22 (IANS) Enterprise software major Salesforce’s India operations saw total revenue rise over 50 per cent to over Rs 6,000.3 crore in FY23, from the previous fiscal year, the company said.Salesforce also announced an…

Business

OpenAI board again in talks with Sam Altman for his return: Report

Nov 22, 2023

San Francisco, Nov 22 (IANS) Signalling another twist in the Sam Altman-OpenAI saga, the company's board of directors is reportedly in talks with Altman to return as soon as this week. According to reports, discussions are underway between…

Business

IN-SPACe authorises OneWeb India to launch satellite broadband service

Nov 21, 2023

Chennai, Nov 21 (IANS) OneWeb India on Tuesday received the necessary authorisations from the Indian National Space Promotion and Authorisation Centre (IN-SPACe) to launch Eutelsat OneWeb’s commercial satellite broadband services in India.…

Business

36% consumers in India expecting to increase their spending, much higher than global average of 17%

Nov 21, 2023

New Delhi, Nov 21 (IANS) India is one of the most optimistic markets, compared to other global economies, with 5 out of 10 exhibiting positive sentiment with regards to both macro-economic factors such as geo-political concerns, recession…

Business

Investors will migrate to equity, index schemes as they become risk averse: Bank of Baroda

Nov 21, 2023

Chennai, Nov 21 (IANS) With people becoming risk averse and aware of alternatives and willing to take risks, the migration to equity and index schemes is the pattern that would emerge, said Bank of Baroda in a report. According to the…

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