Bloomberg | | Posted by Lingamgunta Nirmitha Rao Walt Disney Co. is asking its workers to return to the company’s offices four days a week starting on March 1, according to an internal memo seen by Bloomberg. “Employees currently working in a hybrid fashion will be asked to spend fourContinue Reading
The deadline to file income tax returns (ITRs) for financial year 2021-22 was July 31, 2022. For those who missed the due date, December 31 was the last date to submit belated returns. It was also the deadline for taxpayers to file revised ITRs, after rectifying the errors (if any)Continue Reading
Tesla and SpaceX CEO Elon Musk, the world’s second-wealthiest person, is now the official record holder for the largest loss of personal fortune in history, according to Guinness World Records, which cited Forbes’ estimation of the drop in Musk’s net worth. The previous record holder was Korean-Japanese billionaire and SoftbankContinue Reading
The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warned on Tuesday. In an annual report, the World Bank, which lends money to poorer countries forContinue Reading
Innocean India, part of the Seoul-based INNOCEAN Global Network, on Tuesday announced the appointment of its new Chief Operating Officer (COO) Santosh Kumar who, the company said, has a successful track record in large corporates, and also as an entrepreneur. “He brings to the company a wide range of capabilitiesContinue Reading
Equity benchmarks Sensex and Nifty ended 1 per cent lower on Tuesday, dragged down by Reliance Industries and banking stocks along with a weak trend in European markets. Unabated foreign fund outflows also negatively impacted the domestic equity market. The 30-share BSE Sensex tanked 631.83 points or 1.04 per centContinue Reading
Recently, Sam Altman, co-founder and CEO of San Francisco-based OpenAI, tweeted a photo from the first day of the company. Reacting to the picture, Indian-American businessman Vinod Khosla remarked he felt extremely fortunate that his venture capital (VC) firm (Khosla Ventures) was the first such firm to invest in OpenAI.Continue Reading
Equity benchmarks declined in initial trade on Tuesday, dragged down by IT and banking stocks amid a mixed trend in global markets. Unabated foreign fund outflows also negatively impacted the domestic equity market. The 30-share BSE Sensex declined 243 points to 60,504.30 points. The broader NSE Nifty fell 61.75 pointsContinue Reading
India’s largest IT services company TCS reported an 11 per cent rise in December quarter net profit to ₹10,846 crore, restricted by a narrowing of profit margins, but sounded sanguine about the deal pipeline. In a multi-year first, the company reported a marginal decline in its employee base, which hadContinue Reading
In trying to strike balance between risk and gamble, often confidence plays a pivotal role. We are barely into 2023, and Xiaomi seems resolute on making up for lost time with the hope to regain market supremacy, at least to an extent it had at one point. No surprise thenContinue Reading