New York: GM is recalling 7 million pickups and SUVs worldwide with airbags made by the same manufacturer whose airbags are linked to at least 17 deaths in the United States. The National Highway Traffic Safety Administration ordered a US recall on Monday, rejecting GM's argument that this version of the airbags didn't need to be replaced. The...
San Francisco: Tesla chief Elon Musk has surpassed Microsoft co-founder Bill Gates to become the second-richest person in the world. The Bloomberg Billionaires Index on Monday put the Tesla chief executive -- with a $127.9 billion fortune -- above Gates -- at $127.7 billion -- for the first time. The 49-year-old entrepreneur has added more than...
San Francisco: As Amazon braces for the busy holiday shopping season, the e-commerce giant is giving shoppers in the US more location options to get their packages delivered. So instead of getting their packages delivered to their houses, shoppers can get the orders shipped to a nearby Amazon physical retail store or an Amazon Hub...
Mumbai: Futures of gold, which were soaring well above the Rs 50,000 mark till sometime back amid the weak economic scenario, have now started to ease and have fallen below the Rs 49,000-mark amid optimism regarding vaccines for the novel Coronavirus. The December contract of gold on the Multi Commodity Exchange (MCX) is currently trading...
New Delhi: Import of gold increased nearly 36 per cent in October on a year-on-year basis to $2.50 billion, showed the data released by the Ministry of Commerce and Industry. The overall imports of gold during the ongoing financial year, however, continued to be significantly lower than the last fiscal due to the pandemic. India had...
New Delhi: The auspicious occasion of 'Dhanteras' and Diwali in India brought some relief to the jewelry market, which has largely been subdued amid the pandemic with poor demand. Although demand witnessed a spike on Thursday and Friday post the recent subdued trend, the sales trend across the country varied with some places witnessing year-on-year...
San Francisco: Amazon has introduced new pharmacy offerings to help customers in the US conveniently purchase their prescription medications, giving drug retailers such as Walmart and Walgreens new competition. The e-commerce giant said that Amazon Pharmacy, a new store on Amazon, allows customers to complete an entire pharmacy transaction on their desktop or mobile device through...
New Delhi: Emphasising on the transformation of urban landscapes in the post-Covid era, Prime Minister Narendra Modi invited global investors to invest in India's urbanisation plans, mobility among other sustainable solutions. Speaking at the Bloomberg New Economic Forum, Modi said that the pandemic has brought about a need to redesign the urban centres and make them...
New Delhi: The Federal Aviation Administration (FAA) of the US has cleared Boeing's 737 Max aircraft to resume flying, nearly two years after it was banned post two fatal crashes. The move comes as a relief for the aircraft major. "The design and certification of this aircraft included an unprecedented level of collaborative and independent reviews...
