BUSINESS
iQOO Introduces Latest Smartphone in India Featuring Snapdragon 8 Gen 3 Chip
Equipped with Extended RAM, the iQOO 12 adds up to 16GB of extended virtual memory, supporting up to 36 apps running in the background. The smartphone runs on the all-new Android 14 based on Funtouch OS and offers 3+4 years of Android and security updates.
Sensex Witnesses Over 200-Point Drop as IT Heavyweights Lag Behind: Market Update
The IIP growth of 11.7 percent in October indicates continued economic growth. The decline in Brent crude below $74 is strengthening India's macros. Leading banks, capital goods, cement, oil marketing companies, and the leading airline company are performing well.
US Declines $900 Million Subsidy Proposal for Musk's Starlink: Government Rejects Funding for Cheaper Internet Service
The FCC determined that funding Starlink's proposed networks would not be the best use of limited Universal Service Fund dollars for bringing broadband to unserved areas in the US. Starlink's technology was deemed "still developing" last summer, requiring users to purchase a $600 dish.
X Corporation, Led by Musk, Anticipates Steep Decline in Ad Revenue, Projections Show Half a Billion Shortfall This Year
The company, purchased by Musk for $44 billion, is grappling with the departure of major advertisers, including Disney, Apple, and Walmart, after Musk endorsed an antisemitic post. Musk has warned that an advertiser boycott could lead to the platform's failure.
Cooling inflation in US might enable Fed to pause any further rate hike
The US government said that prices for consumers inched higher in November, but the pace of inflation continued to slow down from last year, media reports said.
SpiceJet Board Approves Capital Infusion of Rs 2,250 Crore
SpiceJet's Chairman and Managing Director, Ajay Singh, sees this capital raise as significant for strengthening the airline's financial position, enhancing operational capabilities, resolving outstanding issues, and positioning the airline for sustained growth in the aviation sector. Singh expresses confidence in achieving the goal of building a world-class airline in India through this capital infusion.
Cooling inflation in US might enable Fed to pause any further rate hike
The US government said that prices for consumers inched higher in November, but the pace of inflation continued to slow down from last year, media reports said.
Gadkari Highlights India's Construction Sector as Third Largest in Ranking
Additionally, Gadkari endorsed precast concrete as a sustainable substitute and encouraged industry collaboration for the use of sustainable materials and alternative fuels. The 5-day CII EXCON 2023, South Asia's largest construction equipment trade fair, includes over 1,000 exhibitors and attracts global participation.
Ashneer Lodges Allegations of Oppression and Mismanagement at BharatPe, Initiates NCLT Action Against the Company
BharatPe, in response to an FIR filed by Delhi Police's Economic Offences Wing, accused Grover of tweeting defamatory statements, adding to an ongoing defamation suit seeking damages of Rs 88.67 crore.
Adar Poonawalla Seals London's Priciest Home Sale of the Year in Deal
Serum Life Sciences, a UK offshoot of Poonawalla's Serum Institute of India, orchestrated the acquisition.
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