Business

• Adani Group Delivers Record-breaking Performance across Portfolios; EBITDA Grows at 36% to RS 57,219 CR
  
  New Delhi, June 7 (IANS) Adani Group, Indias largest critical infrastructure developer, has released the Adani portfolio results snapshot compendium for FY23. The group, which has interests ranging from ports to airports, from electricity generation to transmission and...
• Apple Acquires Augmented Reality Headset Startup Mira
  
  Cupertino (California), June 7 (IANS) Apple has acquired augmented reality (AR) headset startup Mira for an undisclosed amount, as the company launched its $3,499 Vision Pro AR headset. According to The Verge, Apple has hired at least 11 of Mira's employees as part of the...
• Reddit Lays off Nearly 90 Employees, Reduces Fresh Hiring
  
  San Francisco, June 7 (IANS) Social discussion platform Reddit is laying off at least 90 employees and reducing fresh hiring as part of restructuring plans to cut costs, a media outlet reported. According to The Wall Street Journal, the layoffs will impact 5 per cent of the...
• India Rising in World Order with Significant Positive Macro and Market Implications
  
  New Delhi, June 5 (IANS) India has experienced many changes in less than a decade, Morgan Stanley said in a research report. These include supply-side policy reforms such as a build up in infrastructure, formalisation of the economy via GST and IndiaStack, massive change in...
• Apple's Vision Pro Headset Helps Gaming Company Unity's Stock Surge
  
  San Francisco, June 6 (IANS) Gaming company Unity's shares surged more than 17 per cent after Apple said it is working with the game-development software maker for its Vision Pro headset. Apple stock, however, dipped 0.76 per cent. Unity saw its second largest single-day...
• Realme Democratizes Curved Displays, Breaks Barriers for Accessible Premium Phones
  
  New Delhi, June 6 (IANS) In the ever-evolving world of smartphones, aesthetics plays a crucial role in attracting consumers. While there are many factors' users look for, curved displays in smartphones have gained popularity among users due to their unique style and...
• Odisha Train Disaster: Disabled Passengers/legal Heirs/nominees Can Claim RS 10 Lakh Insurance, Insurers Silent
  
  Chennai, June 5 (IANS) While the government-owned Life Insurance Corporation of India (LIC) has announced relaxation in the documents to be filed by the nominee/legal heirs of train accident victims, no such public announcements have been made by the two private general...
• Apple's Mixed Reality Headset 'single Biggest Thing' to Boost AR-VR Industry
  
  Cupertino (California), June 5 (IANS) All eyes are set on Apple's most ambitious hardware launch since 2015 -- a Mixed Reality (MR) headset to redefine the era of augmented reality/virtual reality -- for the industry that is yet to taste success despite players like Mark...
• Linda Yaccarino to Take over as New Twitter CEO on Monday, Hires Key Aide
  
  San Francisco, June 5 (IANS) Linda Yaccarino is set to take over as the new Twitter CEO from Monday, as Elon Musk aims to focus more on Tesla and SpaceX, the media reported. Yaccarino, former Chairman of Global Advertising and Partnerships at NBC Universal, has also hired...
• Not a Merger, Only Acquisition of Life Insurance Assets/liabilities of Sahara India Life: SBI Life
  
  Chennai, June 3 (IANS) It is not a merger of two life insurance companies but only the transfer of life insurance business and policyholder assets and liabilities of Sahara India Life Insurance to it, SBI Life Insurance said on Friday. In a statement, SBI Life said: "The...
• Manohar International Airport to Handle Cargo Operations
  
  Panaji, June 3 (IANS) Goa Chief Minister Pramod Sawant on Friday assured that cargo operations would start soon at the Manohar International Airport at Mopa in the state. "We will soon start handling cargo operations at Manohar International Airport at Mopa. This will help...
• Wall Street Cashing in on the Ultra-wealthy
  
  New York, June 3 (IANS) Concerns of a possible global recession are deepening as heightened inflation and interest rates act as a brake on spending, while geopolitical strife adds to a sense of profound economic uncertainty, the media reported. But that's not the case for...
• Delhi High Court Orders SpiceJet to Pay RS 380 Crore to Kalanithi Maran of KAL Airways
  
  New Delhi, June 2 (IANS) In a setback for SpiceJet, the Delhi High Court has ordered the airline to pay Rs 380 crore to Kalanithi Maran of KAL Airways and also asked it to submit an affidavit of assets within four weeks. A single judge bench of Justice Yogesh Khanna said:...
• US Senate Passes Debt Ceiling Bill, Averts Default
  
  Washington, June 2 (IANS) The US Senate has passed the bill to suspend the country's debt limit through January 1, 2025, averting a catastrophic default. Late Thursday night, the bill was passed in a 63-36 vote, a day after the 149 Republicans and 165 Democrats in the House...
• Online Food Delivery Platforms Log Just 7% Spike in Orders During IPL 2023
  
  New Delhi, June 2 (IANS) Online food delivery platforms saw a modest 7 per cent spike in orders during the just-concluded Indian Premier League (IPL) season, a report showed on Friday. In comparison, the online food delivery platforms dominated by the likes of Zomato and...
• Karvy Stock Broking Pledged Securities of Clients, Diverted Funds to Group Companies
  
  New Delhi, June 1 (IANS) Market regulator, the Securities and Exchange Board of India (SEBI) has cancelled the Certificate of Registration of Karvy Stock Broking (KSBL). SEBI had received a preliminary report dated November 22, 2019, from NSE, containing its observations of...
• US House Overwhelmingly Passes Debt Ceiling Bill
  
  Washington, June 1 (IANS) As US lawmakers raced to prevent a catastrophic default, the House of Representatives has overwhelmingly passed a bill to suspend the country's debt limit through January 1, 2025. The debt ceiling is a spending limit set by US Congress which...
• Toyota Admits Another Data Leak Affecting 2.6 Lakh Car Owners
  
  New Delhi, June 1 (IANS) Japanese automotive giant Toyota has admitted another incident in which data of around 260,000 car owners was exposed to the internet for a decade. Last month, the company issued an apology after it discovered that nearly 2.15 million customers'...
• Amazon Fined $25 MN for Violating Children's Privacy Law, Deceiving Parents
  
  San Francisco, June 1 (IANS) E-commerce giant Amazon will pay $25 million penalty to the US Federal Trade Commission (FTC) over violating the children's privacy law by keeping their Alexa voice recordings and deceiving parents and users of the Alexa voice assistant service...
• Adani Ports Revenue and EBITDA Jumps over 20% in FY23
  
  New Delhi, May 31 (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced its results for the fourth quarter and year ended March 31, 2023. "FY23 has been a stellar year for APSEZ in operational as well as financial performance. The company has...
• Uber to Offer Cashback as It Drops Ride Discounts for Subscribers
  
  San Francisco, May 31 (IANS) Ride-hailing platform Uber has discontinued the 5 per cent discounts on eligible rides that it previously provided to Uber One subscribers. According to an email sent out to customers, beginning with the next billing cycle, subscribers will earn...
• Nearly 2K Amazon Employees Set for Walkout against Return-to-work, Layoffs
  
  San Francisco, May 31 (IANS) Around 2,000 Amazon employees were set to participate in a walk-out in front of Amazon's Spheres building in the heart of its headquarters in Seattle protesting against layoffs and return-to-work mandate. Amazon mandated its return-to-office...
• Twitter's Worth Down to Just $15 BN under Musk: Report
  
  New Delhi, May 31 (IANS) Twitter is now worth only about $15 billion, a massive 33 per cent lower than $44 billion Elon Musk and his co-investors paid to acquire the platform, the media reported on Wednesday. Twitter has struggled financially since Musk took over. The...
• ONGC Plans to Invest up to RS 1L CR to Scale up Green Energy Capacity
  
  New Delhi, May 30 (IANS) State-run explorer ONGC plans to invest Rs 1 lakh crore to scale up its renewable energy capacity to 10 gigawatts (GW) by 2030. It was 189 megawatts in 2022-23, company's chairman Arun Kumar Singh told reporters in a virtual press conference on...
• UP Govt Holds Training Programme for 'Udyami Mitras'
  
  Lucknow, May 30 (IANS) The Uttar Pradesh government has launched a 14-day basic orientation programme for 'Udyami Mitras' (friends of entrepreneurs) selected under the Mukhymantri Udyami Mitra Yojana. Arvind Kumar, advisor to the chief minister, and CEO, Invest UP, Abhishek...

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