BUSINESS
Meta's social VR platform Horizon hits 3 lakh users
According to a report in The Verge, Meta spokesperson Joe Osborne confirmed this, saying it included users of Horizon Worlds and Horizon Venues which is a separate app for attending live events in VR. Horizon Worlds was rolled out to Oculus Quest VR headset users in the US and Canada in early December. Horizon Worlds was recently featured in Meta's Super Bowl ad, and Meta CEO Mark Zuckerberg called it "core to our metaverse vision".
Is IPO-bound OYO being able to retain customers?
Ritesh Agarwal, OYO's Founder and Chairman, had revealed in a recent tweet that over a million people booked an OYO on New Year's weekend. He said that around 58 per cent of them made same-day bookings on December 31. The number is impressive, especially in comparison to the homegrown unicorns bookings back in 2016. Back then, with 102,000 bookings, the Gurugram-headquartered travel tech platform clocked about 20 per cent bookings vs what it accomplished during 2021 New Year's Eve.
No license to denigrate competitor, says HC on freedom of commercial speech
A bench of Justice Asha Menon, hearing the lawsuit by FIITJEE against the defendant Vidya Mandir Classes and others, noted that the plaintiff and the defendants are business rivals, and compete for good students so that their effort in establishing a reputation of being a good coaching institute would be fortified.
Equities trade negative in early trade, Sensex down 180 pts
India's key indices -- S&P BSE Sensex and NSE Nifty50 -- declined marginally in early trade on Friday. At 09.54 a.m., Sensex traded at 57,709 points, down 0.3 per cent or 183 points, whereas Nifty traded 17,259 points, down 0.3 per cent or 46 points.
Afghan industrialists slam Biden's move to split assets
"On behalf of 5,000 factories and hundreds of mine extracting companies, I today describe the recent decision of President Biden as unjust and stealing our national assets and we denounce it," acting chairman of the association Al-Hajj Sakhi Ahmad Paiman told reporters here on Thursday.
Virgin Galactic opens spaceflight tickets to public for $450,000
The company has pegged the tickets at a whopping $450,000 each, the Verge reported. To secure their seat, customers must pay a $150,000 deposit and then pay the remaining $300,000 before the flight. Virgin Galactic has an application that individuals can fill out on the company's website. Virgin Galactic successfully flew its founder, Branson, to space in July last year.
Loan fraud: CBI grills ABG Shipyards Chairman Rishi Kamlesh Aggarwal
Sources privy to the investigation said that Aggarwal was asked to join the investigation and record his statement. "He responded to our summons and joined the probe. Our team questioned him for hours in connection with the case," a source told IANS. In coming days, Aggarwal will be called again as he has to be confronted with others and a few documents.
Smooth Landing: IGIA's T1 to be ready by next year, expansion on-course
At the newly-constructed arrival hall for the upcoming terminal, Rao said: "After T3, we felt a need to have more capacity. The integrated Terminal 1, under phase 3A of the expansion plan, will add the needed capacity. It will be ready by next year." The newly developed Terminal will have passenger handling capacity of 40 million per annum.
'Indian banking sector in best financial health in decades'
The agency has revised the outlook on the overall banking sector to further improve in FY23. "The improving health trend that began in FY20 is likely to continue into FY23," it said. Furthermore, Ind-Ra expects financial metrics to show improvement in FY23, backed by strengthened balance sheets and an improving credit demand outlook with an expected commencement of corporate capex cycle.
India's FY22 GDP growth expected at 9.5%, FY23 at 7.5%: Acuite Ratings
The ratings agency cited that adverse impact of elevated commodity prices and the potential financial market volatility on account of monetary policy normalisation as some of the downside risks. "From growth perspective, the index contracted sequentially by 2.5 per cent MoM in Jan-22 from an expansion of 3.3 per cent in Dec' 21."
Don't Miss
Advertisement