BUSINESS
Apple to shift AirPods, Beats headphone production to India: Report
Nikkei Asia reported on Wednesday that Apple has asked its suppliers to move some AirPods and Beats headphone production to India for the first time. iPhone assembler Foxconn is preparing to make Beats headphones in the country, and plans to produce AirPods there as well, the report mentioned.
23% of SMBs remain closed in India as pandemic wanes: Meta
Meta's 'Global State of Small Business Report' found that 19 per cent of small businesses remain closed globally -- a 1 per cent improvement compared to January this year. "The highest closure rates were in North Africa and the Middle East, where 33 per cent of SMBs were closed. The lowest closure rate was in North America, where 18 per cent of SMBs were closed," the report mentioned.
Sundaram Home Finance forays into business loan segment
The business loan will be extended to these people against their residential property for business growth and working capital needs. The company on Wednesday opened an exclusive Small Business Loan branch in Madurai and one more such branch will be opened in Tenkasi on Friday.
Crypto losses reach $428 mn in Q3 globally, hacks top concern
An analysis of the crypto losses by bug bounty platform Immunefi found that fraud accounts for only 7 per cent of the total losses in the Q3 2022, while hacks account for 93 per cent. "The global Web3 space was valued at $3 trillion in 2021, and with billions locked across different smart contracts, this capital represents an unparalleled and attractive opportunity for blackhat hackers," the report mentioned.
EU adopts law requiring USB Type-C in iPhones by end of 2024
The Parliament said that the new law is part of a broader EU effort to reduce e-waste and empower consumers to make more sustainable choices. "Following Parliament's approval, EU consumers will soon be able to use a single charging solution for their electronic devices.
US labour agency files complaint against Apple over discrimination
The NLRB's complaint was filed after the Communications Workers of America, the union working with organisers at Apple retail stores in New York, Atlanta, and Oklahoma, charged the tech giant of discrimination, reports The Verge.
Twitter, Elon Musk confirm plan to close $44 bn deal, shares up 22%
In a new filing with the US Securities and Exchange Commission (SEC), Musk's legal team has also asked the court to adjourn the trial and all other proceedings. "We received the letter from the Musk parties which they have filed with the SEC (Securities and Exchange Commission). The intention of the Company is to close the transaction at $54.20 per share," Twitter said in a statement.
Naver to acquire online US fashion marketplace for $1.6 bn
According to its filing, Naver has agreed to buy a 100 percent stake, or 1.3 million shares, in Poshmark worth a total of 2.3 trillion won. Founded in 2011, California-based Poshmark is one of the biggest online shopping platforms stateside, where users can buy and sell new and secondhand clothing, and other home goods. It has over 80 million users.
Reduction in sown acreage to feed inflation: BoB report
The overall sown acreage for the Kharif season has declined by 0.8 per cent at the end of September 30, 2022 as compared to last year, the report notes. Bank of Baroda said sowing area of rice and pulses continue to remain deficient, down by 4.8 per cent and four per cent, respectively.
Construction of runway, terminal & ATC tower in full swing at Noida International airport
Yamuna International Airport Private Limited (YIAPL) has selected Tata Projects Ltd. to undertake the engineering, procurement, and construction (EPC) of Noida International Airport. The company has been selected from three shortlisted teams with demonstrated experience in the design, procurement, and construction of large infrastructure projects.
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