Business
Samsung apologises for disappointing profit as it struggles in AI chips
SAMSUNG Electronics estimated on Tuesday (Oct 8) that its third-quarter operating profit jumped nearly four-fold but missed analysts’…
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Business
Business
Saudi Arabia’s PIF to take 40% share in Selfridges stores
SAUDI Arabia’s Public Investment Fund (PIF) is set to become a minority partner in department store chain Selfridges after buying out the…
Business
FTX clear to repay customers as firms seek slice of US$1 billion
CRYPTOCURRENCY firm FTX won court approval to fully repay customers whose digital assets were locked on the platform when it imploded…
Business
Singtel must show results from NCS, Optus divisions to drive further share price growth: analysts
They are also looking for potential expansion that emanates from big ticket deals, such as the data centre agreements announced earlier…
Business
Singtel must show results from NCS, Optus divisions to help fuel share price uptrend
Analysts are also looking for potential expansion from big ticket deals, such as the data centre agreements announced earlier this year…
Business
FPIs' holdings in Indian securities surpass $1 trillion for the first time
2 min read Last Updated : Oct 08 2024 | 12:06 AM IST Foreign portfolio investors (FPIs) have, for the first time, amassed holdings in…
Business
Bringing the momentum back to India, says Cognizant CEO Ravi Kumar S
Ravi Kumar S will complete two years as chief executive officer of Nasdaq-listed Cognizant at the turn of this year. The company grabbed…
Business
India's reformist attitude not seen in many countries: OECD Chief Economist
Premium Alvaro Santos Pereira, Chief Economist of Organisation for Economic Co-operation and Development (OECD) 4 min read Last Updated :…
Business
Northern Arc aims to raise Rs 1,000 cr through alternate investment fund
The AIF is targeting to invest in 45-55 entities across its four-year cycle. | Representative Picture 2 min read Last Updated : Oct 07…
Business
US antitrust case accusing Amazon of stifling competition to move forward
Amazon has said in court papers it stopped using the program in 2019. | Photo: Shutterstock 2 min read Last Updated : Oct 07 2024 | 11:40…
Business
Amazon India launches safety, wellness initiatives for delivery associates
1 min read Last Updated : Oct 07 2024 | 10:40 PM IST Amazon India has launched ambulance services for delivery associates in partnership…
Business
Should aim to become clean energy exporter by 2030: Former NITI CEO Kant
Kant called for improvements in India's energy infrastructure, including smart grids. | File Photo: Kamlesh Pednekar 3 min read Last…
Business
High Ulip share to weigh on life insurance companies' margins in Q2
High share of low-margin unit-linked products (Ulips) and increased investments in distribution channels are likely to weigh on listed…
Business
Goldman Sachs sees high bar for IPOs easing as market broadens
THE spreading of the rally across equity markets into more than just a handful of stocks is making room for more initial public offerings,…
Business
Meesho records 40% increase in total orders during annual festival sales
Meesho's flagship sale held from September 27 to October 6, 2024. 2 min read Last Updated : Oct 07 2024 | 7:50 PM IST SoftBank-backed…
Business
Japan’s Nissan to invest in auto tech firm ChargeScape
JAPAN’S Nissan Motor said on Monday (Oct 7) it would invest an undisclosed amount in ChargeScape and roll out the battery charging…
Business
US: Wall Street opens lower as changing rate expectations boost yields
Wall Street’s main indexes fell at the open on Monday (Oct 7), pressured by a rally in Treasury yields as investors dialled back bets on…
Business
Rajasthan traders flag land, transportation issues ahead of investor summit
2 min read Last Updated : Oct 07 2024 | 6:40 PM IST The Rajasthan government is gearing up for a three-day investment summit in December.…
Business
Saudi Arabia tees up multibillion-dollar bet on hydrogen
SAUDI Arabia has been preparing to make a multibillion-dollar bet on hydrogen, and will launch a new company to produce the low-carbon…
Business
US dollar close to 7-week high after strongest week since 2022
THE US dollar was just off its highest level in seven weeks on Monday (Oct 7) after a rally sparked by Friday’s strong US jobs data and an…
Business
Airbus will increase sourcing of components from India: CEO Guillaume Faury
The company has more than 100 suppliers in India. | Photo: Reuters 2 min read Last Updated : Oct 07 2024 | 4:46 PM IST Airbus will…
Business
AstraZeneca signs US$1.92 billion licensing deal with HK-listed CSPC
Hong Kong-based CSPC will also get an upfront payment of US$100 million as part of the deal AstraZeneca said on Monday (Oct 7) it would…
Business
HDFC Bank raises MCLR by 5 bps for select tenures, effective October 7
2 min read Last Updated : Oct 07 2024 | 3:47 PM IST HDFC Bank has raised its marginal cost of funds based lending rate (MCLR) by 5 basis…
Business
Samsung Electronics not interested in spinning off foundry business
Samsung Electronics is not interested in spinning off its contract chip manufacturing business as well as its logic chip designing…