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    E-commerce giant Amazon unveils its largest campus globally in Hyderabad

    Hyderabad: US-based e-commerce giant Amazon inaugurated Wednesday its new campus here - the company's largest facility globally - that will house 15,000 of its employees in India. The campus building contains over 2.5 times more steel than the Eiffel Tower, measured by weight, and is spread over 9.5 acres of land. With 15,000 work points across 1.8 million sq ft in office...

    • 7 hrs ago
  • Business

    Paytm retains BCCI sponsorship rights for 5 more years

    New Delhi: One 97 Communications Pvt. Ltd, owners of Paytm, Wednesday retained the sponsorship rights for BCCI's International and domestic matches with a winning bid of Rs 3.80 crore per match. The Board of Control for Cricket in India (BCCI) Wednesday announced the deal with the Paytm, which had acquired the rights in 2015 for a four-year period. 'The winning bid was at a price of INR...

    • 10 hrs ago
  • Business

    Strike hits coal supply to NTPC Kaniha

    Bhubaneswar: State-run power generator NTPC's Kaniha unit in Angul district of Odisha is facing coal shortage due to a strike by villagers at the Kaniha Open Cast Project (KOCP). The coal supply to the Kaniha unit from KOCP has stopped since August 18 due to a strike by villagers at the mines end, an NTPC statement said Tuesday. NTPC has a 3,000 MW (6×500) super thermal power station at Kaniha near...

    • 10 hrs ago
  • Business

    Rupee opens 23 paise higher at 71.48 against USD in early trade

    Mumbai: The rupee rebounded from six-month low level and appreciated by 23 paise to 71.48 against the US dollar in early trade Wednesday tracking gains in Asian currencies and fresh foreign fund inflows. Tuesday, the rupee had closed at a new six-month low of 71.71 against the US dollar as economic uncertainties continued to weigh. At the interbank foreign exchange, the rupee...

    • 14 hrs ago
  • Business

    Market starts on a tepid note; Nifty slips below 11,000

    Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty started on a negative note Wednesday as investors remained risk averse due to uncertainties over economic growth. The 30-share index was trading 65.72 points, or 0.18 per cent, lower at 37,262.29. The broader Nifty dropped below the 11,000 level, falling 19 points, or 0.17 per cent, to 10,998.00 in morning trade. In the previous...

    • 15 hrs ago
  • Business

    ED lays bare IL&FS cabal modus operandi of Rs 7,400 cr loot

    New Delhi: The Enforcement Directorate charge sheet against IL&FS and the cabal which ran it gives the full scope and extent of the malfeasance and all pervasive rot. Pertinently, it refers to the closed user group individually and by name and provides details on their conduct. The conclusion is that it was pretty much a circus with Ravi Parthasarthy as the ringmaster or even King...

    • 16 hrs ago
  • Business

    Dollar falls amid declining US Treasury yields

    New York: The dollar decreased Tuesday, as long-term US Treasury yields retreated again, raising worries over potential economic slowdown. The dollar index, which measures the greenback against six major peers, decreased 0.17 per cent at 98.1849 in late trading, the Xinhua news agency reported. In late New York trading, the Euro rose to $1.1096 from $1.1081 in the previous session, and the British...

    • 16 hrs ago
  • Business

    India's entertainment, media industry to hit Rs 3 trillion by 2024

    Mumbai: Riding on the growing digital consumption via smartphones along with ultra-cheap data plans, the media and entertainment industry in India is likely to reach Rs 3.07 trillion by the financial year 2024, a new report said Tuesday. According to KPMG in India's 'India's Digital Future: Mass of niches' report, the media and entertainment industry posted a solid growth of 13...

    • yesterday
  • Business

    Shell exits city gas business, sells stake to MGL

    New Delhi: Shell India, the local arm of the Netherlands-based Royal Dutch Shell Plc, exited Tuesday the city gas business in the country after it sold its 10 per cent stake in Mahanagar Gas Ltd (MGL) for Rs 770 crore. According to stock exchange data, BG Asia Pacific Holdings (BGAPH), a wholly-owned subsidiary of Shell, sold 99.77 lakh shares in the company through block deals at Rs 780 apiece....

    • yesterday
  • Business

    Apple to spend $6 billion to take on Amazon, Netflix

    San Francisco: In a bid to give over-the-top streaming services from Netflix, HBO, Amazon and Hulu a run for their money, Apple has committed $6 billion to its original TV shows and movies budget for its upcoming Apple TV+ service, according to a new report from the Financial Times. This is a huge jump in Apple's budget for original shows as the company earlier set aside $1 billion for...

    • yesterday

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