Amazon ran a secret pricing algorithm, codenamed "Project Nessie", that may have generated the e-commerce platform more than $1 billion in extra profits, according to new details that emerged from the US Federal Trade Commission’s (FTC) antitrust case against the company....
Netweb Technologies, a leading high-end computing solutions (HCS) provider in India, has achieved strong growth in the quarter ended September 30, where its total income increased by 100.4 per cent year-over-year, reaching Rs 1,480 million. ...
The RBI said on Wednesday that the total value of Rs 2,000 banknotes in circulation has come down to Rs 0.10 lakh crore at the close of business on October 31, 2023 from Rs 3.56 lakh crore at the close of business on May 19, 2023 when the withdrawal of these banknotes was announced....
The Competition Appeal Tribunal here has denied Apple’s request to block a UK class action lawsuit that accused the tech giant of intentionally slowing down the performance of older iPhones to encourage customers to buy newer models....
As generative AI begins to disrupt businesses of all sizes globally and in India, Cloud solutions major SAP on Thursday launched new AI capabilities and advancements for developers to build generative AI-based apps and solutions. ...
Tata Steel reported a consolidated net loss of Rs 6,511 crore in the second quarter of 2023-24 as the company was hit by impairment charges and shrinking margins in its operations in Europe....
Kotak Mahindra Bank Limited, Kotak Mahindra General Insurance Company Limited and Zurich Insurance Company Limited have entered into definitive agreements for a transaction whereby Zurich will invest approximately Rs 4,051 crore to acquire a 51 per cent stake in Kotak General Insurance through a combination of fres...
Even though the pause decision of the US Federal Reserve was on expected lines, the commentary was not hawkish as the market feared, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services....
US-based cybersecurity company Splunk has announced to lay off about 7 per cent of its global workforce, just months ahead of its acquisition by global networking giant Cisco. ...
The gross GST revenue in October rose by 5.7 per cent to Rs 1,72,003 crore from Rs 1,62,712 crore in September. Of the Rs 1,72,003 crore GST collections, Rs 30,062 crore was CGST, Rs 38,171 crore was SGST, Rs 91,315 crore (including Rs 42,127 crore ...
