Business

As Cyberattacks Surge, Security Start-Ups Reap the Rewards

On a Friday evening in October, Mr. Chandna, the Greylock venture capitalist, introduced the chief executive of an email security company he had invested in, Abnormal Security, to another investor, he said. That investor, Venky Ganesan of Menlo Ventures, who had been pursuing a meeting with the chief executive, Evan Reiser, for months, immediately emailed […]

Business

Big part of Rs 3.4 lakh crore petroleum cess used for free vaccine, poor: Hardeep Puri

NEW DELHI: The government earned Rs 3.4 lakh crore in financial year 2020-21 from central excise duty and cess on petroleum products, petroleum minister Hardeep Puri informed the Lok Sabha on Monday, adding that it used a large part of the money to provide free vaccines and relief to the poor through the PM Garib […]

Business

Inflation Has Arrived, but Washington Isn’t Racing to Limit Price Pops

Prices have risen by more than Fed officials expected, based on both their public statements and their economic projections this year. Why the big jump? Some of it owes to temporary data quirks, which were expected to push inflation higher this year. Part of it has come as prices for airline tickets, hotel rooms and […]

Business

American Ballet Theater’s Executive Director Announces Her Departure

American Ballet Theater was already looking for new leadership, with Kevin McKenzie, its artistic director of nearly three decades, planning to leave in 2022. Now, it must find new administrative leadership as well: Kara Medoff Barnett, its executive director, announced on Monday that she would be stepping down later this year. Barnett will be leaving […]

Business

Tesla is expected to report a big jump in profit.

Tesla is expected on Monday to report a big increase in profit for the three months ending in June because it sold more than twice as many cars in the period than it did a year earlier. The company sold more than 200,000 electric cars in the quarter, up from about 91,000 a year earlier […]

Business

TMC govt proactively sought investments: Vedanta’s Anil Agarwal

KOLKATA: Vedanta chairman Anil Agarwal on Monday said the Mamata Banerjee government had contacted him within a fortnight of her party’s return to power seeking investments from his industrial group in West Bengal. Agarwal, speaking at an open virtual discussion with Indian Chamber of Commerce, appreciated the change of mindset of governments at the Centre […]

Business

Is Jeff Bezos Really an Astronaut?

Blue Origin pinned custom astronaut wings to his flight suit. The Federal Aviation Administration may disagree. Or it may not even matter. Source link

Business

ONGC, Coast Guard avert shipwreck in Mumbai offshore

NEW DELHI: State-run explorer ONGC and the Coast Guard on Monday averted a mishap on the high sea after an empty LPG tanker went adrift near the company’s installations in the Arabian Sea. On May 19, a total of 75 people had died as an accommodation barge Papaa 305 deployed under ONGC contract and carrying […]

Business

Universal Pictures Spends Big for New ‘Exorcist’ Trilogy

LOS ANGELES — Heads are spinning in Hollywood: Universal Pictures and its streaming-service cousin have closed a $400 million-plus megadeal to buy a new “Exorcist” trilogy, signaling a sudden willingness to compete head-on with the technology giants that are upending entertainment industry economics. Donna Langley, the film studio’s chairwoman, teamed with Peacock, NBCUniversal’s fledgling streaming […]

Business

Paytm looking to launch Rs 16,600 crore IPO by October

NEW DELHI: Digital payments and financial services firm Paytm wants to hit the market with its Rs 16,600 crore IPO at the earliest and very likely by October, sources said on Monday. The company had filed draft papers for its initial share sale with the market regulator SEBI on July 15. It expects a response […]