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Did not defraud anyone or take customers’ funds: FTX’s Sam Bankman-Fried

Oct 28, 2023

San Francisco, Oct 28 (IANS) Sam Bankman-Fried, former CEO of the collapsed crypto exchange FTX, has testified in a US court that he didn’t defraud the customers or take their funds.Bankman-Fried sat on the stand, this time in front of a jury, in the Manhattan federal court late on Friday.He is facing trial for seven charges related to fraud and…

Google paid $26.3 bn in 2021 to be default search engine across platforms: Report

Oct 28, 2023

San Francisco, Oct 28 (IANS) Google spent around $26.3 billion in 2021 to remain the default search engine in multiple browsers, phones and platforms, testimony in the US vs. Google antitrust trial has revealed.The figure came out during…

Business

Reliance Retail delivers strong performance with Rs 77,148 cr gross revenue for Q2 FY24

Oct 28, 2023

Mumbai, Oct 27 (IANS) Reliance Retail delivered strong performance with gross revenue recorded at Rs 77,148 crore for Q2 FY24, a growth of 18.8 per cent Y-o-Y led by well-rounded growth across consumption baskets.Grocery and Fashion &…

Business

RIL posts consolidated revenue of Rs 2.55L cr for Q2 FY24

Oct 28, 2023

Mumbai, Oct 27 (IANS) Reliance Industries Limited's (RIL) gross revenue for Q2 FY24 stood at Rs 2.55 lakh crore ($30.8 billion), up 1.2 per cent Y-o-Y, supported by continuing growth momentum in consumer businesses.Revenue for JPL increased…

Business

Air India deploys newly inducted Boeing 777 aircraft to all three US destinations

Oct 27, 2023

New Delhi, Oct 27 (IANS) Tata owned Air India has deployed its newly inducted Boeing 777 aircraft to all three US destinations it serves non-stop -- Mumbai-New York JFK Airport, Newark Liberty Airport (New Jersey), and San Francisco. The…

Business

Murthy’s 70-hr-a-week work call to youth trigger sharp reactions from founders

Oct 27, 2023

New Delhi, Oct 27 (IANS) Infosys founder Narayana Murthy's advice to youngsters in India, urging them to work 70 hours a week, has sparked sharp reactions from founders and leaders who said that while extended working hours can boost…

Business

Dr Reddy’s, Cipla log higher PAT for Q2 but with slight difference

Oct 27, 2023

Chennai, Oct 27 (IANS) Two pharmaceutical companies – Dr Reddy’s Laboratories Ltd and Cipla Ltd – on Friday said they had logged higher after tax profits for the second quarter of FY24. In a regulatory filing, the Hyderabad-based Dr.Reddy’s…

Business

Tatas set to write new India iPhone manufacturing story post Wistron plant acquisition

Oct 27, 2023

New Delhi, Oct 27 (IANS) With Taiwanese electronics manufacturer Wistron selling its India operations to Tata Group for $125 million, Tata Electronics is going to become the first Indian company to manufacture new Apple iPhones in the…

Business

Nifty snaps six-day losing streak

Oct 27, 2023

Mumbai, Oct 27 (IANS) Nifty snapped a six-day losing streak on Friday and ended higher aided by positive global cues, said Deepak Jasani, Head of Retail Research at HDFC Securities.At close, Nifty was up 1.01 per cent or 190 points at…

Business

Punjab signs pact with HPCL for 10 compressed biogas plants

Oct 27, 2023

Chandigarh, Oct 27 (IANS) Punjab Energy Development Agency (PEDA) on Friday signed a memorandum of understanding (MoU) with Hindustan Petroleum Corporation Ltd (HPCL) for setting up ten compressed biogas (CBG) projects and other new and…

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