Jio Infocomm, the telecom unit of Mukesh Ambani-led Reliance Industries, has raised around $2 billion or Rs 16,640 crore in one of the country’s biggest offshore loans in FY24. HSBC was the lead arranger of the transaction that will help fund the telco’s 5G gear purchases from Nokia. Finnish credit export agency Finnvera reportedly provided a cover...
Domestic equity benchmarks Nifty 50 and Sensex on Friday, September 29, scaled higher amid advances in banks and metal companies. On the other hand, a fall in information technology stocks was seen after the IT bellwether Accenture predicted a downbeat year as spending stays weak. At close, the S&P BSE Sensex was up 320.09 points,...
Some of the first owners of Apple Inc.’s iPhone 15 Pro and Pro Max are complaining that the new devices get too hot during use or while charging, a potential setback for the company’s flagship product. The gripes have spread across Apple online forums and social media networks, including Reddit and X. Customers say that...
The availability of cheaper and feature-rich cell phones along with thepenetration of low-cost internet in rural India fuelled by the DigitalIndia campaign, has pushed service providers to transform the way servicesare delivered and as a result, the players in advertising, media, education andgaming have grown exponentially over the last few years. Considering the sizeof the...
Indian edtech major BYJU’S has decided to undergo a fresh round of layoffs over the next few weeks as part of a restructuring exercise, Business Today has learned from sources. This development comes as the edtech struggles with a severe funding crunch, battles lenders and has faced a markdown in its valuation. Sources claim that...
India’s Silicon Valley will be under a complete shutdown on Tuesday as pro-Kannada organisations and farmer unions have called for bandh to protest against the release of Cauvery river water to Tamil Nadu. The bandh has been called from 6am to 6pm on Tuesday. Bengaluru Urban District Collector KA Dayanand has announced a public holiday...
Akasa Air has chosen to fly less and give up market share in the short term to offer a more reliable network to customers, CEO Vinay Dube told employees in an internal memo on September 20, Wednesday. Refuting media reports about the airline’s likely shutdown, Dube mentioned in the note that the airline has rationalised...
Apple’s latest iPhones were flagged for a slew of design and technical problems within hours of their release on Friday. Social media posts shared by tech enthusiasts claimed that the new device performed poorly on durability tests, had uneven colouring and other ‘defects’. Despite the complaints, demand for the latest Apple offerings remained strong on...
India, Israel, the US and the UAE, the four countries which together constitute the I2U2 grouping, launched a a uniquely structured I2U2 business coalition, also termed private enterprise partnership, on the sidelines of the UN General Assembly (UNGA) on Thursday Separately, Washington DC, Tel Aviv, Delhi and Abu Dhabi also launched an official I2U2 site...
Share Market Updates: Sensex and Nifty have remained subdued with heavyweights like HDFC and RIL dragging the market and as investors choose to wait for the Fed policy decision scheduled to be announced later today. Nifty goes below 20,000 mark and Sensex is down more than a per cent. Finance, FMCG and Pvt Bank drag...