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Oil prices jump on concerns over Middle East supply disruptions

Oct 9, 2023

New Delhi, Oct 9 (IANS) Oil prices jumped by 4 per cent on Monday on concerns that the situation in Israel and Gaza could disrupt output from the Middle East.The West Texas Intermediate (WTI), the benchmark for US oil, rose to more than $86 a barrel, while the price of Brent crude also surged in early Asian trading, the BBC reported.The Israel and…

Israel-Hamas conflict introduces huge uncertainty for markets

Oct 9, 2023

New Delhi, Oct 9 (IANS) The ongoing Israel-Hamas conflict has introduced a huge uncertainty for the markets, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.“Nobody knows how this war is going to evolve. From…

Business

Insurtech startup Onsurity raises $24 mn led by IFC

Oct 9, 2023

New Delhi, Oct 9 (IANS) Insurtech startup Onsurity on Monday said it has raised $24 million in its Series B funding led by the International Finance Corporation (IFC).Additionally, existing investors Nexus Venture Partners and Quona Capital…

Business

India likely to see 70-75% growth in 5G smartphone shipments in festive season

Oct 9, 2023

New Delhi, Oct 9 (IANS) India is expected to see 70-75 per cent annual growth in the 5G smartphone shipments during the ongoing festive season, a new report has said.The country saw a 65 per cent growth in 5G handset shipments till July…

Business

DreamWorks Animation lays off 4% of employees amid rising costs, strikes

Oct 9, 2023

San Francisco, Oct 9 (IANS) DreamWorks Animation has laid off 4 per cent of its workforce -- or about 70 employees -- amid rising production costs and strikes this year.A company spokesperson told Deadline that DreamWorks Animation has…

Business

Mundra Port celebrates 25 years of stellar operations, unparalleled growth

Oct 8, 2023

Mundra, Oct 8 (IANS) Mundra Port is celebrating 25 years of path-breaking operations, highlighting its expansion and evolution as one of the largest ports globally.Since berthing its first ship, MT Alpha on 7 October, 1998, the port has…

Business

Amazon, Flipkart begin festive season war as India looks at Rs 90K cr worth sales

Oct 8, 2023

New Delhi, Oct 8 (IANS) E-commerce giants Amazon, Flipkart, Myntra and others on Sunday began the festive season sales in India which is expected to reach Rs 90,000 crore worth online gross merchandise value (GMV) in the festive month -- up…

Business

Essar’s Black Box expands footprints in India to serve local and global customers

Oct 8, 2023

Bengaluru, Oct 8 (IANS) Black Box, a key investment in the technology and retail sector by Essar, has recently set up a state-of-the-art Center of Excellence in Bangalore.This center is designed to support global clients and is equipped…

Business

N.Korea’s Lazarus Group launders $900mn in crypto: Report

Oct 8, 2023

New Delhi, Oct 8 (IANS) Over $7 billion in cryptocurrency has been illicitly laundered through cross-chain crime, with North Korea's Lazarus Group being linked to the theft of around $900 million between July 2022 and July of this year, a…

Business

Chairman and CEO Dassault Aviation arrives in Delhi on Monday to negotiate Indian Navy order for 26…

Oct 8, 2023

New Delhi, Oct 8 (IANS) Eric Trappier Chairman and CEO Dassault Aviation, manufacturer of French Rafale fighter aircraft accompanied by Richard Lavaud, head military aircraft sales, will be here on Monday and Tuesday for senior level…

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