Samsung India cuts 80-100 jobs as chip prices more than double and smartphone volumes fall 11-12%; another round may come after Diwali, up to 25% of electronics sales and marketing staff at risk

Those affected include director-level officials and team leads at the company’s headquarters. (Image for representative purpose only) Samsung India Electronics has started laying off its workforce in phases as its core smartphone business faces pressure on sales and margins following a more than twofold increase in memory chip prices. Around 80-100 executives in the television … Read more

Stock Market Today Live Updates: Gift Nifty signals weak start as crude stays above $97; Where are NSE Nifty50 and BSE Sensex headed?

Asian markets were mixed, with South Korea and Taiwan among the markets showing gains, while Hong Kong and Australia traded lower. The Hang Seng Index fell 141.87 points, or 0.56%, to 25,271.25. South Korea’s Kospi gained 133.69 points, or 1.91%, to 7,129.08, while Taiwan’s index rose 184.81 points, or 0.39%, to 47,511.08. Japan’s Nikkei was … Read more

Alternate fuels overtake petrol in passenger car sales

CNG biggest alternative to petrol NEW DELHI: India’s passenger vehicle market appears to be moving beyond the phase where alternative powertrains were a niche choice. In Aug, CNG, hybrid and electric vehicles together overtook petrol-powered cars for the first time, pointing to a broader change in how buyers are weighing fuel costs, technology and long-term … Read more

India joins US, 24 nations in push for next-generation 6G networks

Union minister of state for commerce and industry Jitin Prasada met US Commerce Secretary Howard Lutnick on the sidelines of the G20 Summit NEW DELHI: India has joined the United States and 24 other countries in an initiative aimed at shaping the development of next-generation 6G networks, the US department of commerce said.Union minister of … Read more

We’ll make Air India great again: Gebremariam

We’ll make Air India great again: Gebremariam NEW DELHI: “Focus on safety, financial stability, winning trust of passengers and offer a consistent customer experience.” Tata Sons and Air India chairman N Chandrasekaran Monday set the objectives for the airline and its new boss in a town hall with the carrier’s outgoing and incoming MDs and … Read more