SAN FRANCISCO: Ride-hailing major Uber will pay millions of dollars as settlement with the City of Chicago in the US for listing local restaurants in food delivery apps Uber Eats and Postmates food delivery apps without consent along with charging excess commission fees.

CHENNAI: With the government announcing its intention to almost rewrite the insurance laws by proposing far-reaching amendments, the amendment Bill should be first sent to the Standing Committee of Finance in Parliament, demands the General Insurance Employees' All India Association (GIEAIA).

SAN FRANCISCO: CEO and co-founder of enterprise messaging platform Slack, Stewart Butterfield announced that he is leaving Salesforce in January 2023.

SAN FRANCISCO: As Apple plans to shift more iPhone production away from China to India, it is now reportedly looking to also move the production of some iPads to India to keep its supply chain healthy amid Covid-related disruptions.

LONDON: Airline passengers in the European Union (EU) will soon be able to use 5G technology in their phones to full effect in the sky, the media reported.

NEW DELHI: In a bid to support the growth of India's digital ecosystem, Bharti Airtel and Meta (formerly Facebook) on Monday announced a key collaboration.

NEW DELHI: Vodafone Group on Monday announced that its CEO Nick Read will step down by the end of the year after four years in the key role.

NEW DELHI: Investment advisory firm Morgan Stanley has raised Asia and emerging market (EM) index targets in its latest report titled "Asia Emerging Markets Strategy: New Bill Run Market Continues", which was released on Monday.

MUMBAI: The Unified Payments Interface (UPI), debit and credit cards, prepaid payment instruments like mobile wallets, and prepaid cards logged 23.06 billion transactions amounting Rs 38.3 lakh crore in the third quarter this year, a new report showed on Monday.

BENGALURU: Fintech platform Razorpay on Monday announced an industry-first move to enable merchants to accept credit card transactions on unified payments interface (UPI), as the digital payments landscape witnesses a stupendous growth.

NEW DELHI: This has obviously made things lopsided when it comes to governance of Indian banks. For instance the Reserve Bank of India (RBI) can issue guidelines to private banks or foreign banks, but not to the PSBs. This anomalous duality may well be under review now with a course correction on the anvil. Can the Standing Committee on Finance provide answers to this conundrum?

CHENNAI: The proposal to shift the legislative powers and vest them with insurance regulator and several other amendments proposed to the two insurance laws have raised many an eyebrow in the insurance sector.

NEW DELHI: Air India on Monday announced the lease of six Airbus A320neo narrow body aircraft and six Boeing B777-300 ER widebody aircraft to further augment its existing fleet.

NEW DELHI: The key industry stakeholders led by industry body Nasscom, during a meeting with IT Minister Ashwini Vaishnaw, have emphasised that the draft Digital Personal Data Protection Bill 2022 will bolster India's narrative as a trusted global partner for all invested in digital transformation.

LONDON: Oil prices rose on Monday following an agreement by the G7 group of nations and its allies to cap the price of Russian oil at $60 a barrel, BBC reported.

NEW DELHI: Leading AI health and fitness platform HealthifyMe has sacked about 150 employees, or 7 per cent of its total workforce, as the company's growth did not "keep pace with expectations and hiring".

CHENNAI: The Tamil Nadu Salt Corporation will increase its production and commence manufacturing in an area of 3,000 acres in Ramanathapuram district.

SAN FRANCISCO: Sam Bankman-Fried (SBF), the CEO of now bankrupt crypto exchange FTX facing charges of swindling billions of dollars, said he is not prepared to testify before a US Congress committee hearing on December 13.

CHANDIGARH: The department of Industries & Commerce, Punjab in collaboration with SIDBI organized an Awareness Programme about SIDBI schemes for MSMSEs, TReDS Scheme and Solar power ,on 2nd December 2022 at Mohali Industries Association Bhawan. Principal Secretary, Department of Industries and Commerce, Punjab Dilip Kumar presided over the event as chief Guest.

NEW DELHI: Out of the 141 coal blocks which the Centre has put up for commercial auction, 62 mines are old which had gone unsold during previous attempts. Therefore to make them more attractive to the bidders, these reserves have been modified.

NEW DELHI: Consumer-to-consumer (C2C) e-commerce platform Carousell has laid off about 110 employees, or 10 per cent of its total workforce, in an effort to reduce costs.

SAN FRANCISCO: Jeff Blackburn, head of Amazon's media and entertainment businesses, is retiring from the company for a second time, Amazon CEO Andy Jassy has announced.

NEW DELHI: India taking over the G20 Presidency will be an amazing opportunity to build consensus on strengthening the global economy by advancing an internet that is open, connected, secure and works for everyone, Alphabet and Google CEO Sundar Pichai has said.

CHENNAI: Global banks will rake in solid profits in 2023 shielded from an increase in delinquent loans, rising interest rates and solid reserves, said Moody's Investors Service on Friday.

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NEW DELHI: The Delhi Metro Rail Corporation (DMRC) on Friday took a major step towards operationalising its Phase 4 corridors for passenger operations by signing the contract for procuring 312 Metro coaches (52 trains) for Phase IV priority corridors.

NEW DELHI: The Centre on Friday received Rs 1,791 crore and Rs 276 crore from the Power Grid and Oil India Limited (OIL) respectively as dividend tranches.

NEW DELHI: Homegrown social media company ShareChat (Mohalla Tech Pvt Ltd) has laid off less than 5 per cent of its employees after it shut down its fantasy sports platform called Jeet11, the company confirmed on Friday.

NEW DELHI: Leading fintech platform KreditBee on Friday said it has raised $80 million as part of its ongoing Series-D investment round, as it aims to cross asset under management (AUM) of more than $1 billion over the next 6-9 months.

NEW DELHI: Air India on Friday announced that its maiden batch of cabin crew trainees and significant batch of new pilots since privatisation have graduated.

NOIDA: Uttar Pradesh's first structural audit policy has been implemented in Noida, under which builders would have to submit a structural audit report to obtain a partial or full Completion Certificate (CC).

BENGALURU: Flipkart on Friday partnered Ethereum-based Blockchain platform Polygon to set up a centre of excellence (CoE) that will work on research and development of Web3 and metaverse commerce use-cases in India.

NEW DELHI: Elon Musk on Friday said Twitter will again lock rapper Kanye West, who goes by Rapper Ye handle on the platform, for violating rules against incitement.

NEW DELHI: Indias smart TV shipments grew 38 per cent (on-year) in the third quarter (Q3) and the share of homegrown brands showed the fastest growth to register a record 22 per cent share of the overall shipments, a new report showed on Friday.

CHENNAI: The Tamil Nadu agriculture department has allocated Rs 2,399 crore for crop insurance subsidy to the farmers in case of a natural disaster and has requested the farmers to enroll in the scheme before December 31.