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Business
Out of 220, just 4 hit Malayalam films in 2023; estimated loss of Rs 300 crore
21 Dec 2023 11:08 AM IST
Thiruvananthapuram, Dec 21: If Covid took a heavy toll on Malayalam film industry in 2022, 2023 appears to be worse with just four films released in theatres that turned hit, while another 12 films managed to break even, thanks to the OTT release. As 2023 comes to a close, there will be around...
Business
ONDC, Meta kick-off partnership to support small businesses in India
20 Dec 2023 12:24 PM IST
New Delhi, Dec 19: ONDC and Meta on Tuesday partnered to enable small businesses in India build seamless conversational buyer and seller experiences on WhatsApp through an ecosystem of Meta’s business and technical solution providers. Meanwhile, ONDC will help these business solution providers...
Business
Finance Ministry allows states to borrow additional Rs 60,877 crore for pension...
20 Dec 2023 12:22 PM IST
New Delhi, Dec 19: The Finance Ministry on Tuesday approved an additional borrowing of Rs 60,876.8 crore to 22 States in 2023-24 for contribution to the National Pension Scheme (NPS). This will be over and above the net borrowing ceiling for 2023-24. The normal ceiling for net borrowing by...
Business
Ola Electric, FirstCry set to file draft IPO papers next week: Report
20 Dec 2023 12:21 PM IST
New Delhi, Dec 19: Homegrown electric two-wheeler company Ola Electric and e-commerce firm FirstCry, both backed by SoftBank, are set to file their draft IPO (Initial Public Offering) papers by next week, a media report said on Tuesday. According to Moneycontrol, citing sources, FirstCry is...
Business
India's largest SNZ for rough diamond trade to soon open at Surat Diamond Bourse
20 Dec 2023 12:18 PM IST
Surat, Dec 19: The Gems and Jewellery Export Promotion Council (GJEPC) on Tuesday announced plans to launch the country's largest Special Notified Zone (SNZ) for the import and trading of rough diamonds at the Surat Diamond Bourse (SDB). GJEPC's Gujarat Regional Chairman Vijay Mangukiya...
Business
Air India Express to commence flights from Ayodhya airport starting Dec 30
20 Dec 2023 12:16 PM IST
New Delhi, Dec 19: Air India Express on Wednesday announced the commencement of services from the Ayodhya International Airport from December 30. “The inaugural flight IX 2789 on December 30, 2023, is scheduled to depart from Delhi at 11 a.m. and land in Ayodhya at 12.20 p.m. From Ayodhya, IX...
Business
India’s growth rate to stay strong, current account deficit to dip: IMF report
19 Dec 2023 11:38 AM IST
New Delhi, Dec 19: India’s economic growth rate is expected to remain strong, supported by macroeconomic and financial stability, according to an International Monetary Fund (IMF) assessment report released on Tuesday. “Going forward, the country’s foundational digital public infrastructure and a...
Business
Paytm offers exclusive discounts on flight tickets for Dubai Shopping Festival
19 Dec 2023 11:36 AM IST
New Delhi, Dec 19: One97 Communications Limited (OCL) that owns leading payments and financial services company Paytm, on Tuesday announced great discounts on flight tickets for users attending the Dubai Shopping Festival, running from December 8 and to January 14, 2024. The month-long festival...
Business
Apple to stop selling Watch Series 9, Ultra 2 in US over patent dispute
19 Dec 2023 11:35 AM IST
San Francisco, Dec 19: Apple will stop selling its Watch Series 9 and Ultra 2 smartwatches in the US this week over a patent dispute. Both the newly-launched Apple Watches will no longer be available to purchase online from December 21, reports 9to5Mac. In-store inventory will no longer be...
Business
EV truck firm Nikola founder sentenced to 4 yrs for securities fraud
19 Dec 2023 11:33 AM IST
New York, Dec 19: Trevor Milton, former founder and CEO of electric truck startup Nikola, has been sentenced to four years in prison over securities fraud. In the ruling, Judge Edgardo Ramos in the US District Court in Manhattan said he would impose a sentence of 48 months on each count, served...
Business
Only 45% job seekers employable in Indian IT-tech sector amid skill crunch
19 Dec 2023 11:32 AM IST
New Delhi, Dec 19: With the widening skill gap in the Indian IT industry, only 45 per cent of job-seeking graduates seem employable and 1.55 lakh freshers are likely to be recruited in the IT/tech sector in FY24 versus 2.3 lakh in FY23, a report showed on Tuesday. With approximately 1.5 million...
Business
Musk assured bankers they won't lose money on loans for Twitter acquisition:...
18 Dec 2023 11:42 AM IST
San Francisco, Dec 17: Tesla and SpaceX CEO Elon Musk reportedly told bankers after taking $13 billion in loan to fund his Twitter acquisition last year that they will not lose any money on the deal. Despite his assurances, reports the Financial Times, seven banks that lent money to Musk — Morgan...
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