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IT hardware sales: IT hardware sales may drop as govt pares expenditure

The upcoming general elections shall impact the sales of laptops, desktops and other IT hardware in the first half of 2024 as the government will slow down IT procurement spending, industry experts told ET. In the commercial segment, IT hardware sales in the first half of the calendar year are expected to remain flattish at the year-earlier levels of about 2.9 million units which was already comparatively weak, according to data from market tracker firm International Data Corporation (IDC). When compared to the first half…

Rio Tinto Annual Net Profit Falls 19%, Pares Dividend

Rio Tinto reported a 19% decline in annual net profit and cut its payout to shareholders following a drop in aluminum and copper prices. Rio Tinto reported a 19% decline in annual net profit and cut its payout to shareholders following a drop in aluminum and copper prices. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to…

BHP Pares Midyear Payout After Net Profit Fall, Flat Earnings

BHP Group dialed back its dividend on Tuesday as the world’s biggest miner reported a steep fall in first-half net profit and flat underlying earnings. BHP Group dialed back its dividend on Tuesday as the world’s biggest miner reported a steep fall in first-half net profit and flat underlying earnings. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is…

Spotify Narrows Losses as It Pares Podcasting, Headcount Costs

The audio streamer attracted strong subscriber growth despite a price increase. The audio streamer attracted strong subscriber growth despite a price increase. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to…

FTC Pares Back Lawsuit Targeting Meta Platforms’ Bid for Virtual-Reality Company

Federal antitrust authorities on Friday pared back their lawsuit seeking to block Facebook parent Meta Platforms Inc.’s META -4.04% purchase of a company that has a leading position in the market for virtual-reality fitness apps. The move drops some claims the Federal Trade Commission made in July when it sought to stop Meta’s acquisition of Within Unlimited Inc., creator of the virtual-reality fitness game Supernatural. The FTC said…

Citroën pares its latest EV concept back to an MPV micro pickup

Trying to achieve "more with less," Citroën presents a follow-up to its concept-turned-production car Ami. The all-new Oli is a vision for a family-sized electric with SUV-like utility, MPV versatility and urban commuter size and efficiency. It packs rugged mini-Hummer looks, a tiny pickup bed, a 248-mile (400-km) all-electric powertrain, and loads of sustainably developed components and finishes. Oli looks to reverse the time-honored trend of vehicles growing larger, heavier and more expensive, looking at ways the…

Chevron Sells Global Headquarters, Pares Back in California Amid Texas Expansion

The second-largest U.S. oil company closed the sale Wednesday of its Chevron Park campus in San Ramon, Calif., its global headquarters for two decades, to Sunset Development Co. The family-run company had originally sold the 92-acre parcel to Chevron in the early 1980s. Sunset Chief Executive Alex Mehran Jr. said Chevron also signed a lease for nearly 400,000 square feet of space in a nearby office building located in Sunset’s Bishop Ranch mixed-use project in San Ramon. Chevron’s office space there could house about…

TikTok Pares Pandemic-Era Perks in Return to Office Push

TikTok is getting rid of pandemic-era perks including daily meal stipends for many employees, according to people familiar with the situation, as the company pushes staff to work more from its offices.TikTok announced its return to office policy July 11, requiring that employees come in at least two times a week but encouraging them to do so three times a week. The company gave employees a little more than a month’s notice that they would be expected back in the office, said the people familiar with the situation. The…