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One dollar equals 146 Rupees: How Pakistani currency is at its crumbling worst

One dollar equals 146 Rupees: How Pakistani currency is at its crumbling worst

The Pakistani government has maintained there is no need to panic because an IMF bailout package, it says, will normalise the situation.

May 15, 2019, 18:14 PM IST
Facebook raising minimum wage of contractors, content moderators

Facebook raising minimum wage of contractors, content moderators

The US-based company had drawn flak after reports of contract workers facing tough work conditions and getting low compensation came out. These reports suggested that some workers also suffered from

May 14, 2019, 16:19 PM IST
Emission fiasco: No coercive action against Volkswagen, says SC

Emission fiasco: No coercive action against Volkswagen, says SC

The apex green tribunal had on March 7 slapped a fine of Rs 500 crore on Volkswagen and directed the car maker to deposit the amount within two months.

May 06, 2019, 12:15 PM IST
Boeing did not disclose 737 MAX alert issue to FAA for 13 months

Boeing did not disclose 737 MAX alert issue to FAA for 13 months

The US planemaker has been trying for weeks to dispel suggestions that it made airlines pay for safety features after it emerged that an alert designed to show discrepancies in Angle of Attack

May 06, 2019, 09:33 AM IST
SAS pilots go on strike, stranding thousands of passengers

SAS pilots go on strike, stranding thousands of passengers

A strike across the three Scandinavian countries could affect some 170,000 passengers during the weekend, SAS has said.

Apr 26, 2019, 11:46 AM IST
Oil eases from four-month high on global growth worries

Oil eases from four-month high on global growth worries

Oil prices edged lower on Thursday, retreating from a four-month peak, as fears of a slowing global economy weighed on market sentiment.

Mar 21, 2019, 07:47 AM IST
China announces plans to stabilise growth amid trade war with US

China announces plans to stabilise growth amid trade war with US

China is targeting a GDP growth range of 6 to 6.5 per cent this year, down from 6.6 per cent in 2018 - the slowest pace in 28 years.

Mar 15, 2019, 18:03 PM IST
Qualcomm to pay Apple $1bn in rebate: US court

Qualcomm to pay Apple $1bn in rebate: US court

Even though the ruling is not final, it gives Apple a win over Qualcomm before they face-off in court.

Mar 15, 2019, 15:35 PM IST
Facebook chief product officer and WhatsApp Vice President quit

Facebook chief product officer and WhatsApp Vice President quit

Cox`s departure removes a layer of management, bringing Zuckerberg closer to a family of apps that he wants to make compatible.

Mar 15, 2019, 11:15 AM IST
China industrial output growth falls to 17-year low, but investment picks up

China industrial output growth falls to 17-year low, but investment picks up

China is ramping up support for the economy this year as growth looks set to plumb 29-year lows.

Mar 14, 2019, 10:09 AM IST
Google paid $105 mn to 2 executives accused of sexual harassment

Google paid $105 mn to 2 executives accused of sexual harassment

According to CEO Sundar Pichai, Google has so far terminated 48 people for sexual harassment.

Mar 12, 2019, 11:06 AM IST
Qantas CEO responds to 10-year old boy's letter seeking his advice, wins hearts on internet

Qantas CEO responds to 10-year old boy's letter seeking his advice, wins hearts on internet

The letter and the response was shared by Qantas on twitter.

Mar 11, 2019, 17:58 PM IST
Apple fires 190 employees from self-driving car project: Report

Apple fires 190 employees from self-driving car project: Report

The layoffs in Santa Clara and Sunnyvale would take effect from April 16.

Feb 28, 2019, 12:34 PM IST
Pakistan stock market crashes nearly 1300 points after IAF air strikes

Pakistan stock market crashes nearly 1300 points after IAF air strikes

It was the largest decrease in the last 55 trading days.

Feb 27, 2019, 11:28 AM IST
Asian shares fall from five-month highs, pound jumps on Brexit delay hopes

Asian shares fall from five-month highs, pound jumps on Brexit delay hopes

Overnight, the S&P 500 rose to a near four-month peak while the Dow and the Nasdaq also gained.

Feb 26, 2019, 09:33 AM IST
US public debt at record high above $22 trillion

US public debt at record high above $22 trillion

The amount of the debt as of February 11 was quoted in a daily statement by the department on Tuesday.

Feb 13, 2019, 09:20 AM IST
Under pressure of $1.14 billion in debt, Jet grounds 4 aircraft

Under pressure of $1.14 billion in debt, Jet grounds 4 aircraft

Saddled with debt of about $1.14 billion, Jet Airways has been hit by price competition, rupee depreciation and high oil costs.

Feb 08, 2019, 09:22 AM IST
Twitter revenue hits $909 million in Q4

Twitter revenue hits $909 million in Q4

The 2018 revenue rose 25 percent year on year to exceed $3 billion, while its net income was $1.2 billion, compared with a net loss of $108 million in the previous year.

Feb 08, 2019, 09:14 AM IST
Cognizant reports net income of $648 million in Q4, appoints new CEO

Cognizant reports net income of $648 million in Q4, appoints new CEO

Brian Humphries will take charge from April 1.

Feb 06, 2019, 18:23 PM IST
Crypto CEO, the only person with password to access millions in cryptocurrencies, dies in India

Crypto CEO, the only person with password to access millions in cryptocurrencies, dies in India

Gerald Cotten died aged 30 from complications with Crohn`s disease while volunteering at an orphanage in India.

Feb 06, 2019, 12:40 PM IST