Inflation Crimps Indian Firms As Consumers Plan To Cut Spending

April saw India’s wholesale and consumer prices accelerate at their fastest in years. New Delhi: Surging inflation is forcing many poor Indians to rein in spending, threatening a slowdown for companies such as Godrej Appliances which saw bumper sales as recently as March and April after a brutal heatwave spiked demand for its cooling products. […]

Vi Launches Data Delight Offer for Hero Unlimited Prepaid Plan: Details

Vodafone Idea (Vi) has unveiled the Data Delight offer for its Hero Unlimited data recharge plans. Thanks to this offer, Vi users can gain up to 2GB of additional data every month that is provided over the daily data limit at no extra cost. This offer does not activate automatically. Vi users will have to […]

Apple Said to Delay Plan to Have Staff in Office 3 Days a Week

Apple delayed a plan to require workers to come back to the office three days a week, citing a resurgence in COVID-19 cases, marking the latest setback in its efforts to return to normal. The company informed employees Tuesday that it’s delaying the requirement, which had been slated to go into effect on May 23, […]

Big Hedge Funds Invested in Twitter Before Musk Revealed Buyout Plan

Prominent hedge funds, including Point72 Asset Management and Bridgewater Associates, invested in Twitter during the first quarter, putting them on course to reap big gains early in the second quarter when billionaire Elon Musk unveiled plans to buy the company. Point72, run by Steven A. Cohen, bought 1.5 million common shares worth $58.8 million (roughly […]

Centre Surpasses 2021-22 Target Of Monetisation Plan With Transactions Worth Rs 1 Lakh Crore

India needs to fire on all cylinders, Niti Aayog CEO Amitabh Kant said. New Delhi: The government has completed transactions worth Rs 1 lakh crore under the National Monetisation Pipeline (NMP) in 2021-22, surpassing the ambitious programme’s first-year target of Rs 88,000 crore, Niti Aayog CEO Amitabh Kant said on Tuesday. Addressing an event organised […]

Tesla Puts India Entry Plan On Hold: Report

Tesla had set itself a deadline of February1. New Delhi: Tesla Inc has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters. The decision caps more […]

Tesla Said to Put India Entry Plan on Hold After Deadlock on Tariffs

Tesla has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters. The decision caps more than a year of deadlocked talks with government representatives as Tesla […]

Twitter Co-Founder Jack Dorsey Says He Doesn’t Plan to Become CEO Again

Twitter co-founder Jack Dorsey said on Wednesday that he was not keen to retake the helm of the social media company, hinting at his limited involvement if Elon Musk manages to successfully close the takeover deal. Dorsey, who currently heads payments firm Block, owns a 2.4 percent stake in Twitter, according to Refinitiv. nah I’ll […]

Stablecoin TerraUSD Announces Recovery Plan After Sharp Plunge

TerraUSD, also known as ‘UST’, slipped below its 1:1 peg to the dollar this week. Hong Kong/London: TerraUSD, the so-called stablecoin which plunged in price this week, will be backed by reserves in future, its co-founder said in a tweet on Wednesday, in an attempt to steady the cryptocurrency by adjusting its complex pegging mechanism. […]

El Salvador President Bukele Showcases Images of His ‘Bitcoin City’ Plan

Nayib Bukele, the President of El Salvador has presented a layout of the proposed Bitcoin City, which will be constructed near the Conchagua volcano on the Gulf of Fonseca in the south-east of the Central American country. On his Twitter account, Bukele shared pictures of the city’s urbanistic layout accompanied by the caption, which read, […]

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