NEW DELHI — Reliance Industries chairman Mukesh Ambani has resigned from the board of Reliance Jio handing over reigns to his elder son Akash Ambani, who will be Chairman of the Board of Directors. In a stock exchange filing, Reliance Jio Infocomm said the company’s board has approved the appointment of Akash M Ambani, non-executive […]
Biz-Tech
KY Hyundai Unveils ‘New Hyundai Venue’ in Pulwama
Mudasir Maqbool PULWAMA — The KY Hyundai dealership of South Kashmir on Friday unveiled “New Hyundai Venue” in Pulwama. The vehicle was unveiled by Zonal Officer J&K Bank Tasaduq Sahab, Senior Branch head Muneer Sahab CEO K.Y Hyundai Pulwama in presence of Riyaz Ahamd and General Manager Javid Ahmad, Manager Mir Shahbaz and Delegates from […]
Android apps on Windows 11 coming to 5 new countries
SAN FRANCISCO — Microsoft has confirmed that it is bringing the Windows Subsystem for Android (WSA) — which allows users to run Android apps on Windows 11 — to five new markets later this year. Currently only available in the US, WSA will launch in France, Germany, Italy, Japan and the UK before the end […]
GST collection touches record high at Rs 1.68 lakh crore in April
NEW DELHI — The Ministry of Finance on Sunday informed that the Goods and services tax (GST) collections have touched an all-time high of over Rs 1.68 lakh crore in April as the country witnessed an improvement in economic activities. The April collection is Rs 25,000 crore higher than that in March, having the second-highest […]
“Indian economy would take almost 15 years to recover Covid losses”: RBI Report
NEW DELHI — According to the Reserve Bank of India’s (RBI) report on currency and finance for FY22, it will take roughly 15 years for the Indian economy to recover from the losses experienced during the coronavirus pandemic. “Taking the actual growth rate of -6.6 percent for 2020-21, 8.9 percent for 2021-22 and assuming growth […]
Elon Musk buys social media giant Twitter for $44 billion
NEW YORK — Billionaire entrepreneur Elon Musk agreed to buy Twitter Inc. for $44 billion, using one of the biggest leveraged buyout deals in history to take private a 16-year-old social networking platform that has become a hub of public discourse and a flashpoint in the debate over online free speech. Investors will receive $54.20 […]
Telecom watchdog recommends 36% cut in base price of prime 5G spectrum
NEW DELHI — India’s telecoms watchdog on Monday recommended a 36% cut from its earlier proposed base price for the auction of a prime spectrum for 5G networks, signaling some relief to India’s cash-strapped telecom sector. The move comes as the Centre is gearing up for the next-generation 5G airwaves auction later this year, which […]
Elon Musk buys 9.2% stake in Twitter, becomes largest shareholder
SAN FRANCISCO — Tesla CEO Elon Musk has acquired a 9.2% stake in Twitter, making him the largest shareholder of the microblogging platform. The world’s richest person bought nearly 73.5 million shares, according to a document filed with the US Securities and Exchange Commission (SEC). Musk’s shareholding is more than four times the 2.25% stake […]
Android 13 will reportedly allow two carrier connections on one eSIM
SAN FRANCISCO — Android 12 has brought a lot of additional features and now a new report has claimed that Google is working on a way to allow users to have dual-SIM capabilities on handsets running on Android 13 with a single eSIM chip. According to GSM Arena, through a feature called Multiple Enabled Profiles […]
WhatsApp to increase maximum file transfer size to 2GB: Report
NEW DELHI — Meta-owned encrypted messaging service WhatsApp is reportedly working on a new feature that will allow users to share bigger-sized files and media with others over their platform. According to a WABetaInfo report, WhatsApp will soon start testing the “Media File Size” feature in Argentina which will allow users to share media files […]