Freight through Suez Canal almost halved after Houthi attacks
London, Jan 28 - Freight travelling through the Suez Canal has almost halved since Yemen's Houthi rebels began attacking cargo ships in the Red Sea, Sky News reported.
MacKenzie Scott sold Amazon shares worth over $10 bn over last year
New York, Jan 27 - MacKenzie Scott continues to sell billions of dollars in Amazon stock, the media reported.
Govt puts development of 68 km Ayodhya bypass on fast track
New Delhi, Jan 27 - The government has put the development of the 68 km greenfield Ayodhya bypass project on the fast track to decongest the holy city and facilitate economic, social and logistics connectivity across multiple districts in the region.
Flipkart co-founder Binny Bansal officially exits board
New Delhi, Jan 27 - Flipkart co-founder Binny Bansal has officially exited the e-commerce platform's board after more than 16 years. Sachin Bansal, the other co-founder, left the board in 2018.
Growth in banks’ credit surpassing deposits: RBI
Mumbai, Jan 27 - The gap between credit and deposit growth of banks as of the first fortnight of January 2024 has widened compared to the last fortnight of September 2023, according to the latest RBI data.
Yes Bank posts 4-fold jump in net profit for Oct-Dec quarter
Mumbai, Jan 27 - Private sector lender Yes Bank on Saturday reported an over 4-fold jump in net profit to Rs 231.6 crore for the Oct-Dec quarter of the current financial year.
Akasa Air orders 300 CFM LEAP-1B engines to power 150 Boeing 737 MAX airplanes
New Delhi, Jan 26 - In conjunction with the state visit of the French President Emmanuel Macron to India, Akasa Air and France origin company, CFM International on Friday announced an agreement to purchase CFM LEAP-1B engines to power 150 Boeing 737 MAX
Krutrim becomes India’s 1st AI unicorn with latest funding
New Delhi, Jan 26 - Homegrown AI company Krutrim on Friday became the country's fastest unicorn and also the first AI unicorn in the country, after it closed its first round of funding.
OpenAI CEO Sam Altman visits S.Korea to meet chip leaders
Seoul, Jan 26 - Sam Altman, CEO of US artificial intelligence company OpenAI, has visited South Korea to discuss ways to set up a global network for artificial intelligence (AI) chip manufacturing with key chipmakers here, industry sources said on Friday.
Tesla shares plunge to wipe out $73 billion in market value
London, Jan 26 - 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
Paytm Republic Day Festival offer: Get cashback of up to Rs 500, win an iPhone 15
New Delhi, Jan 26 - 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'.
Intel reports $15.4 bn in revenue in Q4, profit reaches $2.66 bn
New Delhi, Jan 26 - 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).
Apple announces changes to iOS, Safari, App Store ahead of EU DMA Act
San Francisco, Jan 26 - 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.
Reliance Industries celebrates India’s 75th Republic Day with employees, customers
New Delhi, Jan 25 - Reliance Retail has launched a number of special discount schemes on the occasion of India's 75th Republic Day.
Civil Aviation Minister plans pre-embarkation security check facility at key metro airports
New Delhi, Jan 25 - 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 time-saving travel experience.
Ola’s mobility business in India logs Rs 250cr profit in FY23
New Delhi, Jan 25 - Ride-hailing company Ola's mobility business in India reported a profit of Rs 250 crore in FY23 against a loss of Rs 66 crore in FY22. Bhavish Aggarwal-run company's revenue grew 58 per cent to Rs 2,135 crore in
Ola announces ex-Unilever executive Hemant Bakshi as new CEO: Report
New Delhi, Jan 25 - ANI Technologies, the parent company of Ola, has announced Hemant Bakshi, a former executive at Unilever, as the new Chief Executive Officer (CEO) of Ola, according to media reports.
Google Pixel users complaining of storage bug after installing new update
San Francisco, Jan 25 - Several Google Pixel owners are reporting issues with their devices after installing the January 2024 Google Play system update, causing them to be unable to access the internal storage.
We still have a long way to go to upgrade legacy fleet, improve consistency: Air India CEO
New Delhi, Jan 25 - Air India CEO, Campbell Wilson, on Thursday penned a letter to the airline's employees, marking the second anniversary of its return to the Tata Group.
IIT-Guwahati student makes low-cost IoT-enabled water quality monitoring device
Guwahati, Jan 25 - A student at the Indian Institute of Technology (IIT) Guwahati has developed a water quality monitoring device that is highly cost-effective and integrated with IOT (Internet of Things).