BUSINESS
Musk's Boring Company gets nod to expand Loop under Las Vegas Strip
Called the Vegas Loop, the system will allow passengers to hitch rides in Teslas to and from places like the hotel casinos on the Las Vegas Strip, the city's new football stadium, the Las Vegas Convention Center, and McCarran International Airport, reports The Verge.
India smartphone market falls 5% in Q3, Xiaomi maintains: Report
Xiaomi at 24% (which was 2% lower from the year-ago quarter) led the market once again, followed by Samsung at 19% (1% lower from the year-ago quarter) and VIVO at 17% (also down by 1%), the data published by the market research firm stated. The year-on-year comparison between Q3, 2021 and Q2, 2021 was tough, because the consumer demand started to rise this year after the control of covid-19 , while last year in the same quarter the consumer demand dipped due to the surge in covid-19.
Indices open in green as value buying, global cues buoy sentiments
The key two indices -- S&P BSE Sensex and NSE Nifty50 -- had a gap-up opening. The 30-scrip sensitive index opened at 61,557.94 points from its previous close of 61,259.96 points. Besides, the NSE Nifty50 opened at 18,382.70 points from its previous close of 18,266.60 points.
US growth slows amid supply chain disruptions, labour shortages, Delta surge
The Federal Reserve in its latest survey on economic conditions said that the outlook for near-term economic activity has remained overall positive. However, it added that some districts have noted the increased uncertainty and more and more cautious optimism than in the last months. The Federal survey, also known as the Beige Book, is based on information collected from its 12 regional reserve banks
Vodafone Idea lost subscribers in August; Jio, Airtel gained: TRAI
Reliance Jio and Bharti Airtel gained subscribers in the month under review. The data showed that Reliance Jio added over 6.49 lakh subscribers in August, taking its overall tally to 44.38 crore. Bharti Airtel gained over 1.38 lakh subscribers to take its overall subscriber base to 35.41 crore users.
Elon Musk will become trillionaire through SpaceX: Report
His space exploration company SpaceX is valued at $100 billion dollars, as second-round fundings, earlier this month showed. However, Musk is calculated to own about half of SpaceX, so the rocket company still has ways to go before it can single-handedly lift its founder into four-commas orbit.
UK watchdog fines Facebook $70 mn over enforcement order breach
The Competition and Markets Authority (CMA) also fined Facebook 500,000 pounds for changing its Chief Compliance Officer on two separate occasions without seeking consent first. This is the first time a company has been found by the CMA to have breached an initial enforcement order (IEO) by consciously refusing to report all the required information.
Samsung is our most important partner on Android: Sundar Pichai
In an interview with The Verge, Pichai said that Samsung is a big partner for Google's devices and services team as well. Under the hood, the smartphones are powered by a Tensor chipset, which has been developed in-house by Google. The Tensor chip houses the Titan M2 security chip that Google says has the most layers of security.
India to see salary hike at 9.3% in 2022: Report
This is an increase of 8 per cent compared to 2021, revealed the latest report by advisory, broking and solutions company Willis Towers Watson. India is followed by Sri Lanka (5.5 per cent), China (6 per cent), Indonesia (6.9 per cent), and Singapore (3.9 per cent) for the highest salary increase for 2021 in the Asia Pacific region.
Inflationary concerns subdue market; metal stocks fall
Accordingly, rising crude oil prices along with mixed Asian markets had dented investors' sentiments. However, the key two indices -- S&P BSE Sensex and NSE Nifty50 -- had a gap-up opening but fell thereafter. Globally, Asian markets were largely down following inflation worries due to surging energy prices.
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