1. Business & Economy

Business & Economy

Business & Economy

The Irony: India’s import dependence on China increasing

This is an irony that hurts. As India’s journey towards economic recovery has begun, its heavy dependence on China for imports has once again been exposed. In the last financial year (2021-22 or FY 22)…

Zomato acquires 15-minute delivery platform Blinkit for Rs 4,447 cr

New Delhi: Online food delivery platform Zomato on Friday announced it had acquired quick-commerce platform Blinkit for Rs 4,447 crore (about $568 million) in an all-stock deal. Zomato already owned more than 9 per cent…

Tesla lays off head of LGBTQ+, diversity lead

 San Francisco: Amid CEO Elon Musk’s “woke mind virus” concerns, electric vehicle company Tesla has laid off both the president of its LGBTQ+ community and a lead involved in diversity and inclusivity programmes at the…

Shock-absorbing capabilities of Indian retail investors is the silver lining

 New Delhi: On June 7, Finance Minister Nirmala Sitharaman, while speaking at an event of the Corporate Affairs Ministry as part of the ‘Azadi ka Amrit Mahotsav’, had said that retail investors seemed to act…

Business and Economy

With share market witnessing sharp fall, gloom pervades

Just a few months ago, in mid-January, the BSE index crossed 61,000 mark for the first time. What an irony, six months later it has slipped down to 51,360 (17th June)! With that the last…

States must recognise strength & define targets for India to become $5 trillion economy: PM Modi

 New Delhi: Every state must recognise its strength, define its targets and develop a roadmap to achieve the same as this is essential for India to become a $5 trillion economy, Prime Minister Narenda Modi…

Dogecoin crypto investor sues Elon Musk for $258 bn in US

San Francisco: As millions of investors lose their hard-earned money in the global crypto meltdown, an American Dogecoin cryptocurrency investor has sued Elon Musk, Tesla and SpaceX for $258 billion for allegedly operating an illegal…

NFTs, crypto are ‘100% based on greater fool theory’: Bill Gates

San Francisco: Tech billionaire Bill Gates has said that he holds no position in cryptocurrencies or non-fungible tokens (NFTs), as they are “100 per cent based on greater fool theory”. The theory is a financial…

Business & Economy

Commercial banks should hike interest rate proportionately for the depositors

High rate of inflation, at least above 6 per cent, is likely to continue for the rest of the year, according to the RBI. And to fight it, the central bank has hiked the repo…

88% drop in Google searches for ‘buying NFTs’ as crypto market crashes

New Delhi: As mayhem continues across the crypto market, be it cryptocurrencies or Blockchain-based Decentralised finance (DeFi), there has also been a massive 88 per cent drop in Google searches for “buying NFTs”, a new…

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