Business

Intel replaces CEO in just two years


San Francisco: Intel has confirmed that technology industry leader and CEO of enterprise software major VMware Pat Gelsinger will take over as the new CEO as Bob Swan moved on, amid the chip maker registering poor business last year. Gelsinger will step into the Intel CEO's role from February 15, and will also join the...

Sensex near 50K as auto, telecom stocks rise

Post Date: January 14, 2021

Mumbai: The Indian equity indices scaled new highs this week with the BSE Sensex trading above the 49,700 mark. The Nifty50 on the National Stock Exchange also was above the 14,600 level. Healthy buying was witnessed in auto, telecom and oil and gas stocks. It has touched a record high of 49,795.19 points during the day so...

Musk breaks silence, says coming to India ‘as promised’


New Delhi: Breaking his silence after the news broke that Tesla has finally entered India by registering it as a company in Bengaluru, its CEO Elon Musk said that he is on the way to fulfil his promise to let electric cars run on the roads of the country. According to the details available on...

Budget 2021: Cess likely to fund vaccine rollout


New Delhi: There is growing discussion around the introduction of a “vaccine cess” in the Union Budget to fund the rollout of the Covid-19 vaccine at a time when revenues are under strain and there is growing demand for funds, including for higher defence allocation. With the economy showing signs of returning to normalcy, things...

How Big Tech helped millions traverse the year


Intro: Despite a growing antitrust scrutiny that poses a big existential threat to technology companies, Big Tech helped millions of workers and children navigate the pandemic with digital tools, virtual meetings, video games and content streaming in 2020 1. Big Tech Technology emerged a winner during the pandemic as cloud and connectivity services thrived in a stay-at-home...

5 businesses that bore the maximum brunt in 2020


Intro: The Covid-19 pandemic rattles industries after industries as it surged across the world. Here’s a look at the biggest losers in 2020 and a preview of what 2021 may bring 1. Travel and hospitality Going on vacation wasn't an option for most during the pandemic. The cruise industry was battered as Carnival (CCL), Royal Caribbean (RCL)...

US sues Walmart for ‘fueling’ opioid crisis in the country


Washington: The US Justice Department has sued Walmart, accusing the retail behemoth of allegedly fueling the opioid crisis in the country. In a lawsuit filed on Tuesday, prosecutors from the Justice Department said “Walmart's pharmacies violated the law by filling thousands of prescriptions for controlled substances that Walmart’s pharmacists knew were invalid”. The Justice Department is...

India suspends all flights from UK till Dec 31


New Delhi: India has suspended all flights to and from the United Kingdom till December 31 in the wake of the new mutant strain of novel coronavirus. The suspension went into effect from December 22 midnight. All flights from India to the UK shall also stand temporarily suspended during the period, said a Ministry tweet. At present,...

Decoding recovery path of the Indian economy


By Dr Niranjan Hiranandani No one ever thought of the scale and magnitude of disruption that was caused by the Covid-19 pandemic. In the aftermath, the resurgence would be equally trying especially in a country like ours with a complex economic framework.  However, we need to applaud the government for paving the way for an impressive...