In November, 102-year-old British carmaker Jaguar unveiled its rebrand and logo ahead of the company’s reinvention as an EV maker. “This is a reimagining that recaptures the essence of Jaguar, returning it to the values that once made it so loved, but making it relevant for a contemporary audience,” said Gerry McGovern, Jaguar Land Rover’s…
Intel announced on Monday that CEO Pat Gelsinger, 63, retired effective December 1. Gelsinger also stepped down from the board of directors on the same date. He had been with Intel for over three decades including four years as CEO. The abrupt announcement further states that Intel’s Chief Financial Officer David Zinsner and Intel Products…
The CEO of the online instrument store, The Musician’s Club, fired almost all of his employees and freelancers (99 out of 110 workers) for missing an early meeting in a profanity-laden Slack message. “For those of you who did not show up to the meeting this morning, consider this your official notice: you’re all fired,”…
Shoppers skipped the lines at in-person stores in favor of virtual carts and one-click checkouts this year, as consumers spent more online during Black Friday than ever before. Adobe Analytics tracked the purchasing habits of U.S. shoppers and found that they spent $10.8 billion on online purchases on Black Friday. That’s 10% more than in…
NEW DELHI: A panel with representatives from the Reserve Bank of India (RBI), central and state governments, and academia has been formed to update the base year for calculating Gross Domestic Product (GDP) to 2022-23 from 2011-12, the government informed Parliament on Monday. Minister of state for statistics & programme implementation, Rao Inderjit Singh, said…
The three service branches have identified a significant need for Medium Altitude Long Endurance (MALE) drones. (Image: NAGASTRA loiter munition) India eyes indigenous long-range drones: The Indian armed forces, having acquired locally developed loitering munitions, are now seeking domestic production of long-range unmanned aerial vehicles for surveillance and combat operations.The three service branches have identified…
The GDP data “is a game-changer” for the RBI’s meeting on Friday. A hiccup in India’s world-beating economic growth may exacerbate near-term weakness in stocks, according to strategists. The economy expanded at the slowest pace in almost two years in the September quarter, data Friday showed. Market participants expect a pickup in growth in the…
NEW DELHI: The cost of commercial LPG and aviation fuel prices surged on Sunday following the monthly revision aimed at aligning with trends in international oil prices. State-owned oil firms raised commercial LPG rates, used in hotels and restaurants by Rs 16.5 per to Rs 1818.50 per 19 kg cylinder.Aviation turbine fuel (ATF) prices in…
Foreign investors pulled out Rs 21,612 crore ($2.56 billion) from Indian equity markets in November, primarily due to rising US bond yields, a stronger dollar and anticipated domestic economic slowdown.The outflow, whilst significant, was considerably lower than October’s substantial withdrawal of Rs 94,017 crore ( $ 11.2 billion).With the latest withdrawal, Foreign Portfolio Investors (FPIs)…
NEW DELHI: Union finance minister Nirmala Sitharaman, encouraged regional rural banks (RRBs) to bring rural customers onto digital platforms for services such as internet banking, mobile banking and UPI.While addressing a review meeting with eight RRBs from Bihar, Jharkhand, Odisha, and West Bengal held in Patna, on Friday, she highlighted the importance of digital inclusion.In…
