‘Mounting national debt at $34 trillion a boiling frog situation for US economy’
New York, Jan 7 - The US government's growing national debt at $34 trillion debt is a "boiling frog" for the US economy, as government expenditure bills will exceed its revenues by the early 2030s, according to a Congressional Budget Office estimate.
United Airlines temporarily suspends Boeing 737 MAX 9 aircraft
Chicago, Jan 7 - Chicago-based United Airlines (UA) has announced that it has temporarily grounded all of its Boeing 737 MAX 9 aircraft as required by the Federal Aviation Administration (FAA).
Netflix may introduce in-app purchases, ads to games
San Francisco, Jan 6 - Streaming giant Netflix is reportedly planning to generate revenue from its gaming business by adding in-app purchases and advertisements.
Alaska Airlines grounds all Boeing 737-9 aircraft after emergency landing
Washington, Jan 6 - Alaska Airlines has grounded all of its Boeing 737-9 aircraft after one such plane had to make an emergency landing in Portland, Oregon, with a window and a part of the fuselage missing.
Uber expands flexible pricing service to more tier 2, 3 cities in India
New Delhi, Jan 6 - Ride-hailing major Uber is now testing its flexible pricing service in several tier 2 and 3 cities in India to expand its user base, allowing commuters to bid a particular fare for their ride.
US preparing to file antitrust charges against Apple: Report
San Francisco, Jan 6 - The US Justice Department is reportedly preparing to file a federal antitrust case against Apple for keeping customers locked into its ecosystem.
SEBI tightens short selling rules
Mumbai, Jan 4 - Institutional investors will have to disclose upfront at the time of placement of an order whether the transaction is a short sale, according to a new circular issued by markets regulator SEBI on Friday.
Govt ups GDP growth forecast to 7.3% for 2023-24
New Delhi, Dec 5 - India's gross domestic product (GDP) is estimated to grow by 7.3 per cent in 2023-24, up from 7.2 per cent in 2022-23, according to the advance estimate released by the Ministry of Statistics on Friday.
Eurozone inflation rebounded in Dec 2023
Brussels, Jan 6 - The eurozone's yearly inflation rate rebounded in December 2023 after a steady decline in recent months, reaching 2.9 per cent compared to 2.4 per cent in November, according to a flash estimate published by Eurostat.
Tesla recalls 1.6 mn cars in China, lowers Model Y, S and X range
San Francisco, Jan 5 - Elon Musk-run Tesla is recalling 1.6 million vehicles in China, its largest-ever recall in the country, to fix its autopilot system, the media reported on Friday.
redRail by redBus reveals India’s most punctual trains in 2023
New Delhi, Jan 5 - Indian Railways operates one of the world's busiest and most extensive rail networks, with over 24 million passengers commuting daily. With over 13,000 daily passenger trains covering approximately 68,000 route kilometers and connecting more than 7,325 stations nationwide,
Design company InVision, once valued at $2 bn, to wind up by 2024 end
San Francisco, Jan 5 - Design company InVision, once valued at $2 billion, has announced to wind up operations by the end of 2024.
GAIL inks 10-year deal with Vitol for import of LNG
Singapore, Jan 5 - GAIL (India) Limited and Vitol Asia Pte Ltd on Friday announced the signing of a Long Term liquefied natural gas (LNG) deal into India for a supply of approximately one million metric tonNEs of LNG per annum for a
Shree Cement shares crash amid reports of Rs 4,000 crore tax demand
Mumbai, Jan 5 - The shares of Shree Cement crashed on Friday amid reports that the Income Tax (I-T) Department has firmed up a Rs 4,000 crore tax demand against the company.
Fintech unicorn MobiKwik again files for IPO to raise Rs 700 cr
New Delhi, Jan 5 - Fintech unicorn MobiKwik on Friday filed its draft red herring prospectus (DRHP) with the markets regulator SEBI in its second attempt, to raise Rs 700 crore this time via fresh issues of shares.
Spirit Aeronautical, Garuda Aerospace ink collaborative agreement
Chennai, Jan 5 - Weaponized drone maker -- rotary and fixed wing drones -- Spirit Aeronautical Systems S.A., of Greece and India’s Garuda Aerospace S.A., makers of drones for civil use have inked an agreement for business collaboration.
US private sector added 164,000 jobs in Dec 2023 amid slow growth
Washington, Jan 5 - Private companies in the US added 164,000 jobs in December 2023 amid slowing job growth, payroll data company Automatic Data Processing (ADP) said.
PhonePe appoints Ritesh Pai as CEO of its global payments biz
New Delhi, Jan 5 - Digital payments major PhonePe on Friday announced the appointment of Ritesh Pai as CEO of its International Payments business.
Google begins blocking data tracking cookies in Chrome for select users
New Delhi, Jan 5 - Google has started testing a new feature that limits cross-site tracking by restricting website access to third-party cookies by default.
Services sector records robust growth in Dec 2023
Mumbai, Jan 5 - India’s services sector posted a robust growth in December 2023 on the back of strong demand and a positive outlook ahead, according to an HSBC survey.