BUSINESS

EMIs to rise as RBI hikes interest rate again

Mumbai: Home, auto and other loan EMIs are set to rise further after the RBI on Friday raised the key interest rate by 50 basis points, the fourth straight increase since May, with more hikes expected to rein in inflation. The monetary policy committee (MPC), comprising three members from the RBI and three external experts, raised the key lending rate or the repo rate to 5.90 per cent – the highest since April 2019 – with five out of the six members voting in favour of the hike. Since the first unscheduled mid-meeting hike in May, the cumulative increase in interest rate now stands at 190 basis points and mirrors similar aggressive monetary tightening in major economies around the globe to…

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Amazon brings live shopping via content creators to India

Bengaluru: Amazon on Friday rolled out its live commerce feature ‘Amazon Live’ in India where customers can directly interact with content creators and social media influencers and buy products from links provided during their livestreams. With Amazon Live, Amazon.in will run 15 live streams every day from 10 a.m. to 1 a.m. More than 150 content creators are livestreaming during the ongoing Amazon Great Indian Festival, informed the company. “Through Amazon Live, Amazon India aims to connect the influencers with customers at scale, enabling them to make informed purchases,” said Kishore Thota, Director, Customer Experience & Marketing, Amazon India. The influencers should have an account with platforms like YouTube or Instagram to do livestreaming on Amazon Live. Amazon Live is currently…

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Akash Ambani is the only Indian in Time’s 100 emerging leaders’ list

Akash Ambani, son of Reliance Industries chairman Mukesh Ambani and head of India’s largest telecom firm Jio, has been named in the Time100 Next — the magazine’s list of world’s rising stars. He is the only Indian on the list. “The scion of Indian industrialist royalty, Akash Ambani was always expected to rise in business. But he has been putting in hard work,” Time said about him. Born on 23 October, 1991, Akash Ambani is the eldest son of Mukesh Ambani and Nita Ambani. He did his schooling at the Dhirubhai Ambani International School and then graduated from Brown University with a major in economics. He is married to Shloka Mehta, the daughter of a Mumbai-based diamond trader and jeweller,…

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Users may be at risk as developers are abandoning Android apps: Report

San Francisco: Android apps have been abandoned without an update in more volume than iOS or iPad apps, and that lack of attention can endanger users, says a new report. According to AppleInsider, apps that have not been updated in a while may pose a security risk to users, and a report from Pixalate shows that Android app abandonment has increased in recent years. A lack of a privacy policy is also a common feature of these apps, with 23 per cent of abandoned apps not having one, the report said. The analysis from Pixalate defines abandonment as an app that has not been updated in at least two years. As per the report, there are various levels of neglect, and…

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realme brings tech x trendy lifestyle to consumers with realme Design Studio

New Delhi: As India undergoes a not-so-quiet smartphone revolution — as an explosion in feature smartphones is shaking up the market providing multiple options to users — global smartphone brand realme has brought one-of-its-kind realme Design Studio to the country. Design and innovation have always been part of realme’s DNA and the brand recently launched its Design Studio in Gurugram. The idea is simple: Today, users not only seek cutting-edge features, but seek smartphones that are sleek, and stylish with amazing designs. Hence, the market environment calls for smartphone designs that customers find attractive, and to this end, a brand needs to develop designs that embody customer values on the basis of customer preferences. With the help of a strong young…

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Apple India Diwali sale starts on September 26: Check free gifts, offers and more

Apple has finally announced that a Diwali sale will be held on its official website. The company has confirmed that the sale offers will be available on September 26, which is next week. While the company has not revealed the specifics of the deals, it has stated that there will be some limited-time offers. It will almost certainly offer free gifts with the purchase of iPhones. Apple is expected to include AirPods with the iPhone 13 and iPhone 13 mini for free. Last year, Apple gave away free AirPods with the iPhone 12 and its mini version. Apple announced the same festive offer with the iPhone 11 series in 2020. As a result, a similar offer is likely this year…

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Flipkart Big Billion Days sale 2022: Can you book Apple iPhone 13 deal on Flipkart, know details

Flipkart Big Billion Days sale 2022 will begin today (September 22) for Flipkart Plus members and for all other users the annual festive sale will begin on September 23. Just like last year, Flipkart will also offer the former flagship Apple smartphone, the Apple iPhone 13 at the lowest price ever in this sale. As per the teaser images, Apple iPhone 13 will be available under Rs 49,999 in the Flipkart Big Billion Days sale 2022. This is the lowest price at which anyone can buy a new Apple iPhone 13 which has the same design, specs and camera as the newly launched Apple iPhone 14. As the Apple iPhone 13 will be available at such low price in the…

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Wipro Fires 300 Employees for Moonlighting, Rishad Premji Calls it ‘Act of Integrity Violation’

Wipro chairperson Rishad Premji said on Wednesday that the company had found 300 people to be moonlighting and working for competitors in the last few months, and iterated that there was no place for such people in Wipro. He later said that those employees were terminated by the company. The chief of the IT giant had earlier come under fire for comparing moonlighting to ‘cheating’, but said on the day that he would stand by his views on the matter. Speaking at an AIMA event, Premji who has been a vocal critic of moonlighting, said that the tweet may have received a lot of flak but he meant it sincerely. “If you actually look at the definition of Moonlighting, it…

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Here’s what the writers of Disney+ Hotstar’s Dahan have to say about the universe that they have created in the series

Amid the ongoing age-old superstitions and myths one IAS officer sets out on a quest to find the truth in the face of doom that’s what collates the journey of Disney+ Hotstar’s upcoming supernatural thriller series, Dahan – Raakan ka Rahasya. While the nine-episode series is directed by Vikranth Pawar the writers Nisarg Mehta, Shiva Bajpai, and Nikhil Nair have very subtly put forward the idea of paranormal occurrences in a quaint, rustic village of Shilaspura, also known as the ‘The Land of The Dead. While the audience is still wondering about the unique element that they will have in the series, the writers are here to enclose them with their dark tale of myths and superstition. While speaking about…

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Jeff Bezos loses spot as second-richest person

Indian billionaire Gautam Adani is now the world’s second-richest person, dethroning Amazon founder Jeff Bezos in the title he was demoted to last year after Elon Musk overtook him as the wealthiest person in the world. The 60-year-old Indian chairman of the Adani Group, which includes businesses in coal production, infrastructure and thermal power generation, has a real-time net worth of $155.5bn, according to the Forbes Real Time Billionaire’s List. Along with becoming one of the first Asian businesspeople to rank among the top three billionaires globally, the Indian tycoon’s company impressively climbed the ranks this year at a breakneck speed having only started the year at No 14 on the Bloomberg Billionaire’s Index. He is also reported to have the country’s largest private port operator with plans to expand their…

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