German economy to shrink 0.5% in 2024: IW
Berlin, Dec 14 - Following an expected recession of 0.5 per cent this year, Germany's gross domestic product (GDP) is now forecast to fall by as much in 2024, the German Economic Institute (IW) said on Wednesday.
Fashion-tech platform LehLah unveils its latest campaign featuring Athiya Shetty
Mumbai, Dec 13 - LehLah, a pioneering tech platform reshaping the online shopping experience, has proudly announced the launch of its first video campaign featuring talented Bollywood actress and fashion icon, Athiya Shetty.
Adar Poonawalla reaches deal for London’s most expensive home sale of the year
London, Dec 13 - India’s billionaire "vaccine prince" Adar Poonawalla has reached a deal for London’s most expensive home sale of the year, agreeing to pay about 138 mn pound for a 25,000 square foot Mayfair mansion, media reports said.
Musk’s X sees ad share nosediving, to generate half a billion less this year
San Francisco, Dec 13 - The X platform under Elon Musk has seen its ad share nosediving, and the company may generate $2.5 billion this year, missing the internal targets of $3 billion.
US rejects $900 mn in subsidy for Musk’s cheaper internet service Starlink
Washington, Dec 13 - The Federal Communications Commission (FCC) in the US has announced not to award Elon Musk’s Starlink nearly $900 million subsidy for expanding broadband service in rural areas, based on its failure to meet the basic programme requirements.
Cooling inflation in US might enable Fed to pause any further rate hike
Washington, Dec 12 - Inflation in the US is slowing down to 3.1 per cent, the lowest in two years, signalling continued moderation of consumer price increases. That’s a bit slower than the inflation in October’s prices, as last month the CPI was
Shiprocket aims to raise $75-$100 mn led by Tribe Capital: Report
New Delhi, Dec 12 - Homegrown logistics solution provider Shiprocket is reportedly in talks with top VC firms for a fund-raise upto $75-100 million, led by US-based investment firm Tribe Capital.
Xiaomi launches Redmi 13C Series with 50MP AI dual camera in India
New Delhi, Dec 6 - Global technology brand Xiaomi on Wednesday launched the Redmi 13C Series with a 50MP AI dual camera in India.
Nifty at record high, rises for 7th day
New Delhi, Dec 6 - Nifty ended at a record high rising for the seventh consecutive session on Wednesday.
Adani stocks outperform Nifty over past seven days
New Delhi, Dec 6 (IANS) Over the past seven days, the Adani Group of Stocks has outperformed the Nifty 50. The group companies have experienced gains of between 16 per cent and 63 per cent said Vaibhav Vidwani, Research Analyst, Bonanza Portfolio.
Paytm expands credit distribution business, extends higher ticket loans to consumers, merchants
New Delhi, Dec 6 - Paytm, India’s leading mobile payments and financial services distribution company, on Wednesday said it will expand its credit distribution business in partnership with large banks and NBFCs by offering higher ticket personal and merchant loans to lower risk
Ola Electric’s net loss surges to Rs 1,472 cr in FY23 as expenses grow
New Delhi, Dec 6 - Bhavish Aggarwal-driven Ola Electric’s net loss nearly doubled to Rs 1,472 crore in FY23, from Rs 784.1 crore in the previous fiscal year, as expenses surged significantly.
Swiggy appoints Anand Kripalu as Independent Director, Chairperson of Board
New Delhi, Dec 6 - Online food delivery platform Swiggy on Wednesday announced the appointment of Anand Kripalu as an Independent Director and the Chairperson of its Board of Directors.
Hero MotoCorp, Ather Energy join hands for 1st-ever interoperable fast-charging network
New Delhi, Dec 6 - Hero MotoCorp and electric vehicle manufacturer Ather Energy on Wednesday entered into a partnership for an interoperable fast-charging network in the country, touted as the first-ever interoperable fast-charging network for EV two-wheelers anywhere in the world.
PhonePe’s Share.Market introduces Discover section with advanced Intelligence layer
New Delhi, Dec 6 - Share.Market, a PhonePe product, on Wednesday launched the 'Discover' section on the platform, which will facilitate an enhanced investment experience through its cutting-edge Intelligence layer.
Apple informs component suppliers to source iPhone 16 batteries from India: Report
New Delhi, Dec 6 - In an effort to diversify its global supply chain and move manufacturing out of China, Apple has informed its component suppliers of its preference to source batteries for the upcoming iPhone 16 from Indian factories, media report said
Gautam Adani now 15th richest in the world
New Delhi, Dec 6 - Gautam Adani, Adani Group Chairman is now the 15th richest in the world after adding more than $ 12 billion in a massive rally in Adani Group stocks.
FedEx invests $100 mn to foster job growth, innovation in Hyderabad
New Delhi, Dec 5 - Courier delivery services giant FedEx on Tuesday inaugurated its first-ever advanced capability community (ACC) hub in Hyderabad, marking a significant investment of $100 million in the city’s tech landscape.
Adani Green accomplishes its construction financing framework at $3bn
New Delhi, Dec 5 - Adani Green Energy Ltd (AGEL), India’s largest and world’s leading renewable energy player announced follow-on funding of $1.36 billion to further boost its Construction Financing Framework to $3 billion backed by a consortium of renowned international banks.
Bike-taxi startup Rapido enters cab biz with intra-city mobility solution
New Delhi, Dec 5 - Bike-taxi startup Rapido on Tuesday announced its strategic entry into the cab business, with launching an intra-city, SaaS-based mobility solution with Rapido Cabs.