News
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Seven percent Indians stop buying tomatoes due to skyrocketing prices: Report
According to a survey by LocalCircles, 75 percent respondents said they have significantly reduced tomato consumption; it may take several months for the prices to come back to normal
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Apple unveils clean energy initiative in India with impact VC firm Acumen
Applications are open through July 24 for social entrepreneurs to join Acumen's Energy for Livelihoods Accelerator
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Explained: The unbelievably complex process of making semiconductor chips
The news of Foxconn-Vedanta's $19.5 billion semiconductor deal falling apart may be a temporary setback for India, striving to achieve its vision of becoming a major global hub in semiconductor manufacturing over the next decade. However, catching up with the global majors and setting up infrastructure may need more than a robust ecosystem, especially since it comes in the face of deteriorating demand for chips, particularly high-end, as the global economy contracts. Making the chips is an unbelievably complex and specialised process
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Morning Buzz: Tesla in talks to manufacture cars in India; retail inflation jumps to 4.8 percent, and more
The American carmaker is looking to use the plant as an export base; consumer price index is up primarily on account of increases in prices of vegetables and cereals
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More budget, more time, more international—how Indians will travel in 2023
With the pandemic putting travel plans on hold, Indians are now willing to make up for lost time and spend more for the experience, says a survey
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The number of scams per brand soared by 211 percent in APAC region last year
As per the latest findings from Group-IB, scammers show the highest interest in brands from the APAC and MEA regions
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Multiplex vs OTT: How one trip to a multiplex can cost more than a year's OTT subscription
With the release of highly anticipated movies like Mission: Impossible—Dead Reckoning Part One, ticket prices in multiplexes, especially in metros, have surged. Additionally, the cost of snacks can add up significantly, despite the reduced GST for cinema food and beverages. We compare it with OTT prices
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RBI aims for 1 mln digital rupee transactions daily by end-2023: Deputy governor
T Rabi Sankar reiterated the need for CBDCs to promote cross-border trade and improve efficiencies. The number of banks adopting CBDCs is expected to double to 25 soon
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Morning Buzz: 28 percent tax on online gaming, soaring veggie prices may limit rate cuts, and more
Here are the top business headlines this morning, to get your day started
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Explained: How a digital rupee can revolutionise cross-border payments
International transactions in the rupee will reduce the risk of currency volatility for Indian businesses, while making the rupee globally acceptable for payments
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Monsoon fury wreaks havoc over northern India
Intense rainfall over the weekend has created havoc in north India, with rivers in spate, landslides in the mountains, water logging in the plains, and many deaths in rain-related incidents. The nationwide monsoon deficit may have been wiped out. Still, extreme rainfall events like these—an alarming annual regularity in India in the last decade—are the kind that climate scientists have been warning us for years now