Business

Hyundai Motor's sales up 6 pc in US due to hybrids, EVs

Hyundai Motor's sales up 6 pc in US due to hybrids, EVs

South Korea's top automaker Hyundai Motor said on Saturday that it recorded a 6 percent increase in its sales in the United States last month. It sold a total of 60,341 units in the world's largest auto market last month, compared with sales of 57,044 units a year earlier.

Banks propel markets to new highs

Banks propel markets to new highs

Bank Nifty surged more than 2.5 per cent on Friday as against the 1.6 per cent rise of Nifty. Friday's market performance was dominated mainly by largecaps. ICICI Bank Ltd. contributed the most to the index gain, increasing 3.3 per cent, while Tata Steel had the largest increase, rising 6.5 per cent, said Devarsh Vakil, Deputy Head of Retail Research at HDFC Securities.

97.62 pc of Rs 2000 banknotes returned to banking system: RBI

97.62 pc of Rs 2000 banknotes returned to banking system: RBI

The Reserve Bank of India (RBI) said on Friday that nearly 97.62 per cent of the Rs 2000 banknotes in circulation have been returned to the banking system. According to RBI, the total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore on May 19, 2023, when the withdrawal was announced, has declined to Rs 8,470 crore at the close of business on February 29.

Meta removes Facebook News, to stop paying news publishers

Meta removes Facebook News, to stop paying news publishers

Meta has announced not to enter into new commercial deals for traditional news content in Australia, France and Germany, and will not offer new Facebook products specifically for news publishers in the future. In early April, the company will kill Facebook News, a dedicated tab for news content, in the US and Australia.

Google begins to enforce Play Store policies in India, to remove non-compliant apps

Google begins to enforce Play Store policies in India, to remove non-compliant apps

Google on Friday said that after giving developers in India more than three years to prepare, including three weeks after the Supreme Court’s order, it is taking necessary “ensure our policies are applied consistently across the ecosystem, as we do for any form of policy violation globally”.

Paytm, PPBL discontinue inter-company agreements before RBI deadline

Paytm, PPBL discontinue inter-company agreements before RBI deadline

One 97 Communications Ltd, the parent company of Paytm, and Paytm Payments Bank Limited (PPBL) on Friday announced to discontinue various inter-company agreements, as the Reserve Bank of India (RBI) ban on the bank’s operations inches closer. In a BSE filing, the company said that as part of the process to “reduce dependencies”, Paytm and PPBL have “mutually agreed to discontinue various inter-company agreements with Paytm and its group entities.”

Double-digit growth estimated in two-wheelers for Feb

Double-digit growth estimated in two-wheelers for Feb

Strong double-digit year on year growth in February 2024 is likely for two-wheeler wholesale volumes due to good demand with retails up 10 per cent and a favourable base, Anand Rathi Research said in a note. Passenger vehicle volumes are likely to have grown at a healthy pace led by positive retail trends with retails up 4 per cent and inventory build. Commercial vehicles, though, are likely to have slid in single digits due to weak LCV volumes and a high base.

HP introduces new range of printers for SMBs in India

HP introduces new range of printers for SMBs in India

PC and printer major HP on Thursday introduced a new range of 'OfficeJet Pro' printers, tailored to meet the printing needs of SMBs in India. The new range includes -- OfficeJet Pro 9720 and 9730 Wide Format All-in-One series, OfficeJet Pro 9130 All-in-One series, and OfficeJet Pro 8120 All-in-One series. The HP OfficeJet Pro series comes available at a starting price of Rs 21,562.

Over 36 mn AI, gaming credentials compromised by infostealers in 3 yrs: Report

Over 36 mn AI, gaming credentials compromised by infostealers in 3 yrs: Report

Investigating the dark web market for credential theft from popular AI and gaming websites, the researchers on Thursday said that more than 36 million credentials (logins and passwords) were compromised by infostealers in the past three years. According to the cybersecurity company Kaspersky, 34,000,000 Roblox users’ credentials were compromised with malware and leaked on the dark web over the past three years. This figure rose by 231 per cent from roughly 4,700,000 in 2021 to 15,500,000 in 2023.

Samsung Semiconductor India expands R&D footprint

Samsung Semiconductor India expands R&D footprint

Samsung Semiconductor India Research (SSIR) on Thursday announced the opening of its new research and development (R&D) facility in the country. This is SSIR's second office in Bengaluru, with a capacity to accommodate close to 1,600 professionals.

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