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Business

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Amazon reveals its first color Kindle e-reader after years of development

Business

Published on Oct 17, 2024 09:05 AM IST

Amazon launched its first color Kindle e-reader, the Kindle Colorsoft. It features a color display using LEDs and offers an eight-week battery life.

The Kindle Colorsoft, Amazon's first color e-reader, is now available for $280. It utilizes LED technology for a vibrant display and has an eight-week battery life. Amazon also introduced updated versions of the Paperwhite and Scribe e-readers.(Reuters)

Reuters |

Bitcoin eyes record highs as Kamala Harris and Donald Trump say yes to crypto

Bitcoin bulls are optimistic about reclaiming record highs as global liquidity rises and US elections approach.

US Vice President Kamala Harris at the White House, Washington and former US President Donald Trump in Bedminster, New Jersey.(Reuters)

Business

Published on Oct 17, 2024 08:26 AM IST

Bloomberg |

Apple has a new problem: Quick departure of senior executives who report to Tim

Apple's chief people officer Carol Surface is leaving after less than two years. She will be succeeded by Deirdre O’Brien, who previously held the role.

Carol Surface, Apple Inc.'s chief people officer, is departing after a short tenure. Deirdre O’Brien will resume her previous role overseeing human resources and retail. This change is part of a larger executive turnover at Apple.

Business

Published on Oct 17, 2024 07:42 AM IST

Bloomberg |

Blinkit introduces 10 min apparel return and exchange feature in select cities

Blinkit's new apparel return and exchange feature is to address issues regarding size and fit and will be available in Mumbai, Bengaluru, Hyderabad, and Pune

Blinkit's Chief Executive Officer (CEO) Albinder Dhindsa announced the feature in a post on his X (Formerly Twitter) handle.

Business

Published on Oct 16, 2024 06:28 PM IST

ByAbhyjith K. Ashokan

Eight common medicines for a variety of ailments to get costlier: Report

This comes after drug manufacturers issued applications to increase prices due to increased cost of ingredients, production, and exchange rates

Eight common medicines for treating Asthma, Glaucoma, Thalassemia, Tuberculosis, and even mental health disorders like Bipolar Disorder, will get costlier because the National Pharmaceutical Pricing Authority (NPPA) has approved a price hike for 11 scheduled formulations of these medicines by 50% of their current ceiling price(Yves Herman/Reuters)

Business

Published on Oct 16, 2024 05:14 PM IST

ByHT News Desk

Rocky vs Mayur: Rocky teams up with Swiggy, Mayur with Zomato

Rocky Singh, part of the popular foodie duo Rocky and Mayur, has been named a Swiggy ambassador while his former partner Mayur Sharma is with Zomato.

In a new twist to the Swiggy-Zomato rivalry, Rocky's old partner Mayur Sharma works for Zomato as he become a Swiggy ambassador.(X/rockyandmayur)

Trending

Updated on Oct 16, 2024 06:17 PM IST

ByMuskaan Sharma

First electric Royal Enfield to unveil on November 4, may be named ‘Flying Flea'

Royal Enfield's first electric motorcycle looks like a retro-style bobber in its teaser and may be named 'Flying Flea’ in homage to a World War II motorcycle

The new EV motorcycle which will launch on November 04, 2024, was teased by Royal Enfield, showing a motorcycle gently floating down from the sky on a parachute.(Royal Enfield)

Business

Published on Oct 16, 2024 02:59 PM IST

ByAbhyjith K. Ashokan

DA hike by 3% for all central government employees ahead of Diwali

The central government has announced a 3% DA hike for employees and pensioners, bringing it to 53% of the basic pay, compared to 50% earlier

The centre hiked the dearness allowance (DA) for all central government employees by 3%(Amit Dave/Reuters)

Business

Updated on Oct 16, 2024 05:28 PM IST

ByHT News Desk

AI human capital management venture may come by IPO-bound OfBusiness' Nitin Jain

Nitin Jain, the co-founder and chief business officer (CBO) of IPO-bound OfBusiness may launch an artificial intelligence (AI) Human Capital Management startup

Business

Published on Oct 16, 2024 12:46 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Central government employees may soon get 3% DA hike and 3 month arrears: Report

The July DA hike saw significant delay this year, with the announcement now expected to come a few days before Diwali

This means more than one crore central government employees as well as pensioners will get their October month pay with the increased DA as well as three months' worth of DA arrears.(Reuters)

Business

Published on Oct 16, 2024 11:39 AM IST

ByHT News Desk

Apple launches iPad Mini in India: Check prices, AI features, availability date

Apple has launched its smallest tablet, the iPad Mini in India, with the A17 Pro chip enabling it to run Apple Intelligence

Apple has launched the new iPad Mini in India, powered by the A17 Prochip enabling it to run Apple Intelligence, the tech giant's new suite of AI features.(AFP Photo/Apple Inc./Handout)

Business

Published on Oct 16, 2024 10:55 AM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Gold Rate Today 16-10-2024: Check latest prices in your city

Gold And Silver rates Today: The price of 10 gm of 24 carat gold is Rs. 77563.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 100000.0/Kg in Delhi.

Business

Published on Oct 16, 2024 10:15 AM IST

Byhindustantimes.com

Samsung India workers end month-long strike: ‘Welfare measures agreed’

Samsung India workers ended a month-long strike after welfare measures were agreed upon. All workers are returning to work.

Samsung Electronics' month-long strike in southern India has concluded as workers agreed to welfare measures. Tamil Nadu's industry minister confirmed the resumption of work, while Samsung India reassured it would enhance conditions in its Chennai factory amid rising employee dissatisfaction.(Reuters)

Business

Published on Oct 16, 2024 09:16 AM IST

AFP |

OpenAI brings on security executive Dane Stuckey from Palantir

OpenAI appointed Dane Stuckey, former CISO at Palantir, as co-chief information security officer, sharing the role with Matt Knight.

OpenAI has hired Dane Stuckey, previously CISO at Palantir, as co-chief information security officer. He will work with Matt Knight, emphasizing the necessity of security in AI advancement after recent leadership shifts, according to CEO Sam Altman.(Reuters)

Business

Published on Oct 16, 2024 09:13 AM IST

Bloomberg |

Johnson & Johnson to pay $15 million to man who says its talc caused his cancer

Johnson & Johnson was ordered to pay $15 million to a Connecticut man who claims he developed mesothelioma from its talc powder.

Johnson & Johnson products are displayed for sale on shelves at a Target store.(AFP)

Business

Published on Oct 16, 2024 08:39 AM IST

Reuters |

Viral video: Mark Zuckerberg has a new job? Meta CEO turns nail artist for daugh

Meta CEO Mark Zuckerberg gave a glimpse of a sweet moment between him and his daughter while talking about the company’s new mixed reality headset.

The image shows Meta CEO Mark Zuckerberg carefully painting his daughter’s nails. (Instagram/@zuck)

Trending

Published on Oct 16, 2024 07:14 AM IST

ByTrisha Sengupta

‘Ratan Tata was a mentor to Akash’: Nita Ambani’s tribute to visionary leader

Nita Ambani paid homage to Ratan Tata during Reliance Industries' annual Diwali dinner, describing him as a “great son of India.”

“He was a dear friend of my father-in-law, Mukesh and our family,

Trending

Updated on Oct 16, 2024 06:14 AM IST

ByTrisha Sengupta

SBI cuts loan interest rate by 25 bps on this short-term tenure: Check details

The State Bank of India has reduced its one MCLR tenure interest rate by 25 basis points, effective October 15.

SBI's base rate is 10.40%, and the Benchmark Prime Lending Rate is 15.15% as of September 15. Home loan interest rates vary between 8.50% and 9.65%, influenced by the borrower's CIBIL score.

Business

Published on Oct 15, 2024 02:08 PM IST

ByHT News Desk

Are investors being cautious about Hyundai Motor India IPO? ‘Euphoria is over’

Hyundai India's $3.3 billion IPO excitement wanes as gray market premiums drop from ₹1,000 to ₹60. Despite being a major fundraising event, challenges loom.

Hyundai Motor India's IPO excitement is fading, with gray market premiums falling to 60 rupees. This reflects challenges in a competitive market amid declining demand. The $3.3 billion IPO is set to boost fundraising in India, starting trading on Oct. 22.(Reuters)

Business

Updated on Oct 15, 2024 02:01 PM IST

Bloomberg |

Hyundai IPO: How are investors responding to India's biggest-ever issue?

Hyundai India's IPO saw a solid start, with 10% subscribed in two hours. Retail bids stood at 17%, while non-institutional investors accounted for 7%.

Hyundai Motor India mobilized <span class='webrupee'>₹</span>8,315.3 crore from 225 anchor investors ahead of its IPO. Notable global investors included Baillie Gifford, Vanguard, and Goldman Sachs. Various mutual funds also participated in the anchor round, including ICICI Prudential and HDFC.

Business

Updated on Oct 15, 2024 01:12 PM IST

ByHT News Desk

India-Canada diplomatic ties at new low, but air connectivity soars to new high

This winter, Air India is offering 21 weekly flights to Canada, all from Delhi with twice daily service to Toronto.

An IndiGo aircraft and an Air India aircraft on the tarmac at Indira Gandhi International Airport in New Delhi.(Bloomberg)

Business

Updated on Oct 15, 2024 02:05 PM IST

ByAmeya Joshi

At Blinkit, there is no 'zero notice period' policy anymore. Goal: Retain talent

Blinkit increased notice period to two months to retain talent amid competition from firms like Zepto and Swiggy. This move aims to prevent poaching by rivals.

To combat talent poaching by competitors, Blinkit has revised its employment contracts, increasing notice periods to two months. The decision reflects the competitive landscape, as companies like Zepto and Swiggy aggressively recruit employees from e-commerce giants.(Reuters)

Business

Published on Oct 15, 2024 12:18 PM IST

ByHT News Desk

Reliance misses profit estimate on poor show by energy units

Reliance Industries Ltd. reported a 4.8% drop in net income to 165.6 billion rupees, missing analysts' estimates for the sixth consecutive quarter.

Mukesh Ambani's Reliance Industries posted a 4.8% decline in net income, totaling 165.6 billion rupees, below analyst expectations for the sixth quarter in a row. Revenue reached 2.35 trillion rupees, reflecting challenges in the oil-to-chemicals sector.(PTI)

Business

Published on Oct 15, 2024 12:07 PM IST

Bloomberg |

Tokyo Metro’s IPO to raise $2.3 billion in Japan’s biggest listing in six years

Tokyo Metro is raising ¥348.6 billion ($2.3 billion) after the company priced shares at the top of the marketed range.

Business

Published on Oct 15, 2024 10:53 AM IST

Bloomberg |

Boom and crash: How have India's biggest IPOs performed?

Hyundai Motor India's IPO worth ₹27,870.16 crore opens today, becoming India's largest IPO ever, surpassing LIC's record.

Notable past IPOs include Paytm, Reliance Power, and GIC, which suffered losses, while Coal India, Zomato, and HDFC Life Insurance yielded positive returns.(Reuters)

Business

Updated on Oct 15, 2024 10:55 AM IST

ByHT News Desk

Gold Rate Today 15-10-2024: Check latest prices in your city

Gold And Silver rates Today: The price of 10 gm of 24 carat gold is Rs. 77783.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 100000.0/Kg in Delhi.

Business

Published on Oct 15, 2024 10:15 AM IST

Byhindustantimes.com

Jensen Huang is all praises for Elon Musk’s xAI supercomputer: ‘Superhuman’ feat

Nvidia CEO Jensen Huang praised Elon Musk's AI firm xAI for its extraordinary achievements, particularly in constructing the Colossus supercomputer.

Jensen Huang of Nvidia commended xAI and Elon Musk for their exceptional work on the Colossus supercomputer, made from 100,000 GPUs, completed in just 122 days. Nvidia's stock has increased by 14% this month, driven by positive investor sentiment.(AP)

Business

Published on Oct 15, 2024 10:03 AM IST

ByHT News Desk

China's ‘largest’ plan to boost economic growth is coming soon

China plans to raise 6 trillion yuan through ultra-long special government bonds to stimulate its economy, with funds aimed at alleviating local governments.

China could raise 6 trillion yuan in ultra-long bonds to support its economy and assist local governments with off-balance-sheet debt, addressing substantial financing risks amid declining land and tax income.(Reuters)

Business

Published on Oct 15, 2024 09:55 AM IST

Bloomberg |

Meta's Facebook, Instagram back up for most users in US after brief outage

Facebook and Instagram were mostly restored after a US outage affecting thousands. Peak reports reached over 12,000 for Facebook and 5,000 for Instagram.

After a major outage affecting Facebook and Instagram, services were largely restored for US users. Peak reports reached over 12,000 for Facebook and 5,000 for Instagram.(AFP)

Business

Updated on Oct 15, 2024 09:08 AM IST

Reuters |

Hyundai IPO opens today. Here's what you need to know before investing

Hyundai Motor IPO allotment is expected on October 18, with a tentative stock listing on BSE and NSE set for October 22.

The allotment for the Hyundai Motor IPO is expected to be finalised on October 18, while the stock will list on BSE, NSE with tentative listing date fixed as October 22, 2024.
(Reuters)

Business

Updated on Oct 15, 2024 09:03 AM IST

ByHT News Desk

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News / Business

Business

Amazon launched its first color Kindle e-reader, the Kindle Colorsoft. It features a color display using LEDs and offers an eight-week battery life.

Bitcoin bulls are optimistic about reclaiming record highs as global liquidity rises and US elections approach.

Apple's chief people officer Carol Surface is leaving after less than two years. She will be succeeded by Deirdre O’Brien, who previously held the role.

Blinkit's new apparel return and exchange feature is to address issues regarding size and fit and will be available in Mumbai, Bengaluru, Hyderabad, and Pune

This comes after drug manufacturers issued applications to increase prices due to increased cost of ingredients, production, and exchange rates

Rocky Singh, part of the popular foodie duo Rocky and Mayur, has been named a Swiggy ambassador while his former partner Mayur Sharma is with Zomato.

Royal Enfield's first electric motorcycle looks like a retro-style bobber in its teaser and may be named 'Flying Flea’ in homage to a World War II motorcycle

The central government has announced a 3% DA hike for employees and pensioners, bringing it to 53% of the basic pay, compared to 50% earlier

Nitin Jain, the co-founder and chief business officer (CBO) of IPO-bound OfBusiness may launch an artificial intelligence (AI) Human Capital Management startup

The July DA hike saw significant delay this year, with the announcement now expected to come a few days before Diwali

Apple has launched its smallest tablet, the iPad Mini in India, with the A17 Pro chip enabling it to run Apple Intelligence

Gold And Silver rates Today: The price of 10 gm of 24 carat gold is Rs. 77563.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 100000.0/Kg in Delhi.

Samsung India workers ended a month-long strike after welfare measures were agreed upon. All workers are returning to work.

OpenAI appointed Dane Stuckey, former CISO at Palantir, as co-chief information security officer, sharing the role with Matt Knight.

Johnson & Johnson was ordered to pay $15 million to a Connecticut man who claims he developed mesothelioma from its talc powder.

Meta CEO Mark Zuckerberg gave a glimpse of a sweet moment between him and his daughter while talking about the company’s new mixed reality headset.

Nita Ambani paid homage to Ratan Tata during Reliance Industries' annual Diwali dinner, describing him as a “great son of India.”

The State Bank of India has reduced its one MCLR tenure interest rate by 25 basis points, effective October 15.

Hyundai India's $3.3 billion IPO excitement wanes as gray market premiums drop from ₹1,000 to ₹60. Despite being a major fundraising event, challenges loom.

Hyundai India's IPO saw a solid start, with 10% subscribed in two hours. Retail bids stood at 17%, while non-institutional investors accounted for 7%.

This winter, Air India is offering 21 weekly flights to Canada, all from Delhi with twice daily service to Toronto.

Blinkit increased notice period to two months to retain talent amid competition from firms like Zepto and Swiggy. This move aims to prevent poaching by rivals.

Reliance Industries Ltd. reported a 4.8% drop in net income to 165.6 billion rupees, missing analysts' estimates for the sixth consecutive quarter.

Tokyo Metro is raising ¥348.6 billion ($2.3 billion) after the company priced shares at the top of the marketed range.

Hyundai Motor India's IPO worth ₹27,870.16 crore opens today, becoming India's largest IPO ever, surpassing LIC's record.

Gold And Silver rates Today: The price of 10 gm of 24 carat gold is Rs. 77783.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 100000.0/Kg in Delhi.

Nvidia CEO Jensen Huang praised Elon Musk's AI firm xAI for its extraordinary achievements, particularly in constructing the Colossus supercomputer.

China plans to raise 6 trillion yuan through ultra-long special government bonds to stimulate its economy, with funds aimed at alleviating local governments.

Facebook and Instagram were mostly restored after a US outage affecting thousands. Peak reports reached over 12,000 for Facebook and 5,000 for Instagram.

Hyundai Motor IPO allotment is expected on October 18, with a tentative stock listing on BSE and NSE set for October 22.

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