Google ‘offered’ Netflix special deal to pay only 10% on Google Play
San Francisco, Nov 10 - Not just Spotify, Google also offered streaming giant Netflix a special discounted rate of 10 per cent of its in-app payments on Android so that Netflix could keep 90 per cent of the money, the media reported.
Sundar Pichai to testify in Epic Games vs Google case next week
San Francisco, Nov 10 - Alphabet and Google CEO Sundar Pichai is likely to testify in Epic Games’s lawsuit against Google in a US court next week.
ICICI Bank gets RBI nod for making ICICI Securities its wholly-owned subsidiary
Mumbai, Nov 9 - ICICI Bank said on Thursday that it has received the Reserve Bank of India’s (RBI) clearance for making ICICI Securities its wholly-owned subsidiary.
Apple, US govt reach $25 mn settlement over job bias allegations
New York, Nov 10 - Apple Inc reached an agreement with the US Department of Justice (DOJ) to resolve allegations that the tech giant illegally discriminated in hiring and recruitment against American citizens and certain non-US citizens whose permission to live in and
GMM Pfaudler declared interim dividend despite lower Q2 PAT
Chennai, Nov 9 - Glass-lined equipment major GMM Pfaudler Ltd closed the second quarter with a lower net profit of Rs 15.78 crore.
Wipro may not give hike to top performers with higher compensation: Report
New Delhi, Nov 9 - Leading technology services and consulting company Wipro might not give salary hikes to "top performers with higher compensation", media reports said on Thursday.
Hindustan Zinc partners with GreenLine for deployment of LNG-powered trucks for logistics
Debari (Rajasthan) Nov 9 -GreenLine Mobility Solutions Ltd (GreenLine), India's premier LNG-powered heavy trucking logistics company, marked a historic milestone as it officially deployed its LNG-powered trucks at Hindustan Zinc, a Vedanta Group company involved in zinc, lead and silver business.
Air India enters into intermodal interline agreement with Deutsche Bahn
New Delhi, Nov 9 - Tata owned Air India has entered an inter-modal interline agreement with WorldTicket, the exclusive distributor for Europe’s largest railway operator, Deutsche Bahn.
Immature hardware changes will badly hit Indian mobile manufacturing industry: ICEA
New Delhi, Nov 9 - The India Cellular and Electronics Association (ICEA) on Thursday said that any forced mandate to implement "immature" hardware changes will make the Indian mobile industry a “costly experimental ground” and will adversely impact the country’s mobile manufacturing efforts.
Adani Ports posts Rs 1,748cr net profit in Q2
Mumbai, Nov 9 - Adani Ports and Special Economic Zone on Thursday reported a 4.19 per cent increase in consolidated net profit to Rs 1,747.85 crore for the July-September compared to the same period of the previous year.
Business sale profit boosts Bosch’s Q2 profit to Rs.998 crore, to divest stakes in Hinduja Renewables
Chennai, Nov 9 - Automotive and consumer products maker Bosch Ltd on Thursday said it closed the second quarter of FY24 with a net profit of Rs.998.9 crore.
EV maker Lohia Auto to launch high speed scooters, new three-wheeler
Chennai, Nov 9 - Launching high speed scooters and a new passenger carrying three-wheelers, expanding dealer network are what electric two- and three-wheeler maker Lohia Auto Industries Ltd is planning, said a top company official.
Apple co-founder Steve Wozniak hospitalised after possible ‘stroke’
New Delhi, Nov 9 - Apple co-founder Steve Wozniak was hospitalized in Mexico City after reporting "feeling strange" during the delivery of a speech at an event, media reports said on Thursday.
Indian Sellers Collective launches ‘Desi Wali Mithai’ campaign; exhorts citizens to shun foreign food items
New Delhi, Nov 9 - Diwali is synonymous with sumptuous sweets and delicacies and keeping with this emotion, Indian Sellers Collective, an umbrella body of trade associations and sellers across the country has launched the 'Desi Wali Mithai' campaign.
India’s economy to outperform, G20 growth to moderate: Moody’s
New Delhi, Nov 9 - Moody’s expects global G20 growth to moderate in 2024 to 2.1 per cent from 2.8 percent 2023 and accelerate in 2025 to 2.6 per cent, the firm said in its Global Macroeconomic Outlook 2024-25 report.
Sugar prices in global market soar to 12-year high
New Delhi, Nov 9 - The prices of sugar have surged past 28 cents per pound in the international market to touch a 12-year high as the sweetener is seen in short supply due to a sharp decline in Indian exports and logistics
India, Japan can collaborate in chips, rare-earth & AI, says RBI chief
New Delhi, Nov 9 - There are many collaboration opportunities between India and Japan in semiconductors and resilient supply chains, rare-earths extraction, space technology, artificial intelligence, quantum computing, said RBI Governor Shaktikanta Das in Tokyo on Thursday.
EID Parry logs marginal increase in Q2 PAT, declares interim dividend of Rs 4
Chennai, Nov 8 - Sugar major EID Parry (India) Ltd closed the second quarter of FY24 with a marginal increase in its net profit over the previous year's corresponding period.
Spinny’s losses swell to Rs 820 cr in FY23, revenue surges 30X
New Delhi, Nov 8 - Used car retailing platform Spinny’s losses swelled 67.3 per cent to Rs 820 crore in FY23 from Rs 490 crore in FY23.
Gold returned 11% CAGR in last 20 years
New Delhi, Nov 8 - A study shows that on an average, gold has returned 11 per cent CAGR in the last 20 years.