BUSINESS
iPhone revenue grows 10% to reach $42.6 bn globally, India a sweet spot
Apple CEO Tim Cook said that the customer demand was strong and better than we anticipated that it would be. "Customers are loving our iPhone 14 lineup. Loaded with camera upgrades for sharper photos, Action Mode for smoother videos and new safety features like Crash Detection and Emergency SOS via Satellite, iPhone is even more indispensable to our daily lives," Cook told analysts during the company's quarterly earnings call late on Thursday.
NHAI InvIT Non-Convertible Debentures listed on BSE
Union Minister of Road Transport and Highway Nitin Gadkari on Friday said, "Today is a historic day and I feel very happy that we could finally give the Retail Investors (retired citizens, salaried individuals, small and medium business owners) an opportunity to participate in the Nation-Building activity. The minimum investment slab is just Rs 10,000." Gadkari informed that 25 per cent of NCDs has been reserved for Retail Investors.
Top Twitter execs to take home $88 mn, Parag Agrawal richer by $38.7 mn
According to Insider, the former Indian-origin CEO is set to receive the largest payout of $38.7 million, largely due "to the entirety of his shares vesting upon his firing". Twitter's chief financial officer Ned Segal, is set to receive $25.4 million and Vijaya Gadde, the chief legal officer, will be richer by $12.5 million after firing. Sarah Personette, the chief customer officer, would get $11.2 million. Musk is expected to reorganise Twitter and cut the workforce by a massive margin.
Elon Musk is now Twitter boss, fires Indian-origin CEO Agrawal, other top execs
According to a CNBC report citing sources on Friday, Agrawal and Segal have left the company's San Francisco headquarters and will not be returning. Gadde, the head of legal policy, trust, and safety was also fired, The Washington Post reported.
boAt raises Rs 500 cr to expand market share in smartwatches
The investment, said the company, will enable it to accelerate its plans to attain leadership in the smartwatches category, scale up its business both within and outside India and further strengthen its R&D and design capabilities.
Thai Airways to resume operations in Telangana from Oct 30
The Federation of Telangana Chambers of Commerce and Industry (FTCCI) had represented to the Thai government in the month of April to resume passenger and cargo operations which were suspended during Covid .
Apple sets new revenue record in India, logs double-digit growth
Apple posted a September quarter record revenue of $90.1 billion globally, up 8 per cent year over year. Annual revenue was $394.3 billion, also up 8 per cent year over year.
Lufthansa revenues almost doubles year-on-year
Adjusted earnings before interest and taxes (EBIT) rose to 1.1 billion euros and were more than four times as high as in the same period last year,reports Xinhua news agency citing the carrier as saying on Thursday. In the previous quarter, Lufthansa had made a profit for the first time since the start of the Covid-19 pandemic.
RBI's monetary policy committee to meet on Nov 3 over inflationary concerns
The MPC's off-cycle meeting has been convened as the central bank has failed to curb inflation, which has remained beyond its tolerance limit of 2 to 6 per cent for the past nine months. Consumer Price Index (CPI) based retail inflation rose to 7.41 percent in September. Retail inflation has remained beyond RBI's tolerance limit for the last three quarters.
Russia makes veiled threat against Elon Musk's Starlink satellites
Speaking at a space event at the UN on Wednesday, Russian representative Konstantin Vorontsov expressed concern about the "extremely dangerous" trend that "came to the forefront during the conflict in Ukraine." The US and its allies have been using "elements of the civilian space infrastructure, including commercial, for military purposes."
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