Business

Petrol prices surge; crosses Rs 80 a litre in Delhi


New Delhi, Sep 8: The high cost of global crude oil and a weak rupee led the petrol price in Delhi to cross a record high level of Rs 80 per litre on Saturday.Across metro centres the key transportation fuel cost rose between 38 and 47 paise a litre. In the national capital,...

Jack Ma to step down as Alibaba chief, to pursue philanthropy


New York, Sep 8: In a surprising move, China's richest man, Jack Ma, has revealed plans to step down as the Executive Chairman of e-commerce giant Alibaba on Monday to pursue philanthropy in education, paving the way for a change of guard for the $420 billion Internet company that he co-founded.Ma will...

After smoking marijuana, Elon Musk rejigs top Tesla management


San Francisco, Sep 8: Creating a storm by smoking marijuana during a live podcast that led to Tesla stocks crashing 10 per cent to hit the lowest level since 2016, Chairman and CEO Elon Musk on Saturday announced a major shake-up in the top echelons of the electric car-making company.Tesla's shares tanked...

Trump’s China tariffs will hit our products hard: Apple


Washington, Sep 8: US President Donald Trump's proposed $200 billion tariffs on China-make products will make Apple Watch, AirPods headphones, HomePod smart speaker, Macs and key computer parts more expensive, the company has said.In a letter written to the US Trade Representative on Friday, Apple some of its popular products will get...

Dassault Systemes opens first India 3D experience lab in Pune


Pune, Sep 7: With the aim of boosting the start-up ecosystem in India, Paris-headquartered Dassault Systemes on Friday launched its first 3D experience lab in its research and development premises in Pune.The Pune lab will offer entrepreneurs and start-ups unique resources to work on disruptive innovations, leverage collective intelligence and nurture projects...

NCLAT issues notice to Walmart, enquires about business model


New Delhi/Bengaluru, Sep 7: The National Company Law Appellate Tribunal (NCLAT) has issued a notice to Walmart, enquiring about its business model under an appeal filed against the Walmart-Flipkart deal.Before going into the merit of the appeal, we intend to know the manner in which Walmart International Holdings Inc. and Flipkart Pvt....

Equity indices end in green as auto stocks surge, rupee recovers


Mumbai, Sep 7: The key Indian equity indices closed in the green on Friday supported by healthy buying activity in the auto stocks and a recovery in the rupee from its from its previous close.The rupee traded around 71.70 per dollar (3.50 p.m.), against the previous close of 71.99 per greenback. Healthy buying...

Paytm enables Visa credit card payment on its platform


New Delhi, Sep 7: Digital payments platform Paytm on Friday said it has tied up with global payment service provider Visa to enable credit card payments through its mobile app.Paytm has also integrated BHIM UPI on the app for the customer to source funds to make credit card bill payments, a statement...

Infosys forms JV with Temasek in Singapore


Bengaluru, Sep 7: Indian software major Infosys Ltd on Friday said it has formed a joint venture (JV) with global investment firm Temasek in Singapore to service it and its clients in the digital space.The JV will integrate our team with that of Temasek's Singapore subsidiary Trusted Source Pte Ltd, which delivers...