Friday, March 24, 2023


Realme to appoint new India biz head from China, Madhav Sheth may quit

NEW DELHI: Global technology brand realme is set to replace India business head Madhav Sheth with a top executive from its China-based headquarters, reliable sources told IANS on Thursday. Sheth may quit the company once the official statement is made soon.

Sitharaman to meet public sector banks chiefs on March 25

NEW DELHI: Amid the failure of banks in the US and the liquidity crisis being faced by Credit Suisse, Finance Minister Nirmala Sitharaman is expected to meet chiefs of public sector banks on March 25.

Now sync your air travel with Uber via email integration in India

NEW DELHI: Ride-hailing major Uber on Thursday introduced a new feature where riders in India can opt to sync their air travel plans with the platform via email integration.

Kiran Mazumdar-Shaw retires from Infosys Board, D. Sundaram appointed Lead Independent Director

BENGALURU: Indian IT major Infosys has announced the retirement of Kiran Mazumdar-Shaw as Independent Director of the Board, effective March 22, 2023, upon completion of her tenure.

Govt to seek Parliament's approval for union budget today

NEW DELHI: Amid continued disruptions in proceedings of both houses of Parliament with both ruling BJP and opposition Congress refusing to climb down from their positions, the government will try to get the budget passed in Parliament on Thursday.

Leading job portal Indeed lays off 2,200 employees, CEO 'heartbroken'

NEW DELHI: Call it ironic but leading job portal Indeed that helps thousands land their dream jobs has itself laid off 2,200 employees, or 15 per cent of its workforce.

Cash use decline as UPI to drive India's e-com market to reach $150 bn in 2026

NEW DELHI: As unified payments interface (UPI)-based transactions continue to break all records, India's e-commerce market is projected to grow from $83 billion in 2022 to $150 billion in 2026, as cash transactions decline further, a report showed on Thursday.

Mukesh Ambani 9th wealthiest in the world, Adani at 23rd rank

CHENNAI: Despite an erosion of 20 per cent or $21 billion in wealth, Reliance Industries' Chairman and Managing Director Mukesh Ambani continues to be at the top 10 wealthiest individuals in the world with a wealth of $82 billion, states the 2023 M3M Hurun Global Rich List.

India to cross $10 bn worth mobile exports in FY22-23, Apple leads at 50%

NEW DELHI: Buoyed by attractive government incentives towards local manufacturing, India is all set to reach a remarkable $10 billion (over Rs 82,000 crore) worth smartphone exports in the fiscal year ending March 31, industry data showed on Wednesday.

First Vande Bharat train of Rajasthan reaching Jaipur by March end

JAIPUR: The first Vande Bharat train of Rajasthan will leave Integral Coach Factory, Chennai for Jaipur on the night of March 24 or 25 and cover the distance in three-four days.

Will safeguard Web3 firms, crypto users with robust blockchain: Binance

NEW DELHI: Leading blockchain and cryptocurrency platform Binance on Wednesday said it will strengthen collaborations and industry efforts between Web3 organisations and law enforcement agencies to further enhance security in the industry.

Russia ready to switch to yuan in foreign trade: Putin

MOSCOW: Russia is ready to increase settlements in yuan in its foreign trade, President Vladimir Putin said during talks with his Chinese counterpart Xi Jinping.

Would have been happier if Sisodia had presented budget: Delhi Finance Minister

NEW DELHI: A day after the Union ministry of home affairs approved the budget for the national capital city, Delhi Finance Minister Kailash Gahlot presented it in the Assembly on Wednesday.

TikTok CEO warns users about ban ahead of US Congress hearing

SAN FRANCISCO: Shou Zi Chew, the CEO of Chinese short-form video platform, which faces a nationwide ban in the US, has warned users as he prepares to appear before the US Congress on March 23.

SsangYong Motor reborn as KG Mobility after takeover

SEOUL: SsangYong Motor Co on Wednesday changed its name to KG Mobility to transform itself into a future mobility solutions company.

Gorakhpur Link expressway to be ready soon

LUCKNOW: The Gorakhpur Link Expressway will soon be ready for operation, giving a major boost to roadways development in Uttar Pradesh.

Amazon deepens tech gloom as 503 firms lay off 1.5 lakh employees

NEW DELHI: As Amazon deepened the tech gloom with firing another 9,000 employees (it previously sacked 18,000), over 500 companies have laid off nearly 1.5 lakh workers to date this year.

Dixit Joshi, the Indian-origin CFO of Credit Suisse

NEW DELHI: Dixit Joshi, the Indian-origin Chief Financial Officer (CFO) of Credit Suisse, has been a Member of the Executive Board of Credit Suisse Group AG and Credit Suisse AG since 2022.

TN govt to have Coimbatore, Madurai on metro rail map at Rs 17,500 cr

CHENNAI: The Tamil Nadu government has decided to put Coimbatore and Madurai on the metro rail map at an outlay of Rs 17,500 crore funded by external agencies, said Finance Minister Palanivel Thiaga Rajan on Monday.

TN Budget: Rs 500 cr allocated for CM's breakfast scheme for schoolchildren

CHENNAI: Tamil Nadu Finance minister Dr P.T.R. Thiagarajan on Monday allocated Rs 500 crore towards the Chief Minister's breakfast scheme for government school students in the state.

6 central banks to boost flow of US dollars through global financial system

LONDON: Central banks have moved globally to keep credit flowing after an unsettled period in the US banking sector and the Credit Suisse merger.

India 1st in South Asia on govt requests for user data from Big Tech firms

NEW DELHI: India has been ranked first in South Asia based on government requests for user data from Big Tech companies, a report showed on Monday.

Asia Pacific markets edge lower after UBS rescue of Credit Suisse

HONG KONG: Asia Pacific markets edged slightly lower on Monday as investors reacted to news of a Credit Suisse bailout by its bigger rival UBS.

UBS to buy Credit Suisse: Swiss govt

GENEVA: Credit Suisse will be taken over by Swiss banking giant UBS, the Swiss federal government has announced.

'Wi-Fi Labs' appear in Google Home app for some users: Report

SAN FRANCISCO: Some Google Home application users are seeing a new 'Wi-Fi Labs' option for their Nest Wifi router.

FedEx soars maximum in 9 months under Raj Subramaniam: Report

NEW DELHI: The shares of FedEx Corp, led by Indian-origin CEO Raj Subramaniam, jumped the most in nine months beating Wall Street's earnings estimate in the third quarter.

Online boom, or bane? Customer gripes also pile up against delivery boys

NEW DELHI: "I miss you lot, nice your beauty, wonderful behaviour," a Delhi woman received these messages on her WhatsApp from a Swiggy agent, who had delivered groceries at her doorstep in June last year.

First Republic Bank's financial woes deepen despite cash infusion

NEW YORK: First Republic Bank's financial woes appeared to be deepening despite an industry-led emergency cash infusion, CNN reported.

Number of air-passengers benefitting from RCS-UDAN falls in 2022-23

NEW DELHI: Number of air-passengers benefitting from the government's Regional Connectivity Scheme (RCS) has come down in 2022-23.

Wipro lays off 120 employees in US due to 'realignment of business needs'

SAN FRANCISCO: IT major Wipro has laid off at least 120 employees in the state of Florida, the US, due to a "realignment of business needs".

US investors in Credit Suisse file legal action

LONDON: US investors in Credit Suisse have hit the beleaguered Swiss bank with legal action, claiming that it overstated its prospects before this week's shares crash, The Guardian reported.

Eyeing to develop as 'green state', Himachal budget focuses on rural economy, job creation

SHIMLA: In the first budget after the election, the Congress government in Himachal Pradesh led by Chief Minister Sukhvinder Sukhu on Friday presented a budget of Rs 53,413 crore for 2023-24 with the focus on tapping renewable energy, strengthening state's mainstay agriculture and horticulture sectors, women's empowerment and, with a promise to create 90,000 jobs.

Delhi HC seeks Centre, RBI & SEBI response on Subramanian Swamy's plea on Yes Bank

NEW DELHI: The Delhi High Court on Friday sought response of the Centre, Reserve Bank of India (RBI) and Securities Exchange Board of India (SEBI) on former Rajya Sabha MP Subramanian Swamy's plea seeking investigation by experts' committee into the transfer of Yes Bank's stressed assets to J.C. Flowers Asset Reconstruction Company.

India's smart home security camera market grows 44%

NEW DELHI: India's smart home security camera market shipments experienced 44 per cent (on-year) growth in 2022, a report has said.

US banks launch $30bn rescue of First Republic to stem crisis

NEW YORK: Wall Street giants have moved to end the USs spiraling banking crisis by agreeing to prop up troubled First Republic, a mid-sized bank whose shares have been pummeled amid a wider banking turmoil.

Vipin Vijay Nair from JIBS conferred with best Ph.D. dissertation award by IOSAC

SONIPAT: The International Association for the Study of Organized Crime (IASOC) has awarded Dr. Vipin Vijay Nair, Assistant Professor at Jindal Institute of Behavioural Sciences (JIBS), with the Best Ph.D. Dissertation Award for his work entitled 'Exploring coping mechanism of vulnerable & victims of commercial sexual exploitation: A participatory action research in rehabilitation & protective homes in India'.

Understanding Green Marketing Strategy: The Simplest Explanation

There are various marketing and promotional strategies that a company can use to attract potential buyers and partners. One of the newest techniques is through green marketing.

European markets up after Credit Suisse takes loan from Swiss Central Bank

LONDON: Europe's main markets have opened higher after moves from the Swiss Central Bank reassured investors over the financial health of Credit Suisse, the media reported.

Automotive platform myTVS picks Oracle Fusion Cloud to boost business efficiency

MUMBAI: Automotive aftermarket digital platform myTVS, part of the $2 billion TVS Mobility group on Thursday said it has selected Oracle Fusion Cloud Applications to unify operations and improve business efficiency.

Himachal likely to post 6.4 pc growth, shrink by 1.2%

SHIMLA: Himachal Pradesh has an estimated per capita income of Rs 201,271 for financial year 2021-22 (first revised) compared to Rs 150,007 at the national level, an income gap of Rs 51,264, Chief Minister Sukhvinder Singh Sukhu said on Thursday, with the economic growth expected to be 6.4 per cent, shrinking by 1.2 per cent this fiscal.