May 2 – Medical device maker Baxter International raised its annual profit forecast and beat quarterly estimates on Thursday, banking on strong demand for its infusion pumps and dialysis products. Baxter raises annual profit forecast on strong demand for medical devices Investor expectations around the performance of medical device makersContinue Reading
Peloton Interactive Inc. shares fell to a record low after Chief Executive Officer Barry McCarthy announced plans to step down and the struggling fitness company embarked on a major restructuring that will reduce its global workforce by 15%. Peloton Tumbles to Record Low After Announcing CEO Exit, Layoffs The boardContinue Reading
The Reserve Bank of India (RBI) on Thursday said 97.76 per cent of the ₹2000 denomination banknotes have returned to the banking system, and only ₹7,961 crore worth of the withdrawn notes are still with the public. The total value of ₹2000 banknotes in circulation was ₹3.56 lakh crore atContinue Reading
Almost a year after Go First stopped flying, civil aviation regulator DGCA (Directorate General of Civil Aviation) on Wednesday de-registered most of its aircraft on orders from the Delhi high court issued last week. The defunct airline had 54 aircraft in its fleet that have been grounded since May 3Continue Reading
Dennis Woodside is the new CEO and president of Freshworks, the company said as he succeeds founder Girish Mathrubootham who will now move from CEO to executive chairman. Both will continue to be on the company’s board as directors, the firm said. Here’s all you need to know about DennisContinue Reading
India’s manufacturing sector activity moderated in April, but still recorded the second fastest improvement in operating conditions in three-and-a-half years supported by buoyant demand, a monthly survey said on Thursday. Indian manufacturers reported robust demand for their goods in April, from domestic and external clients. The seasonally adjusted HSBC IndiaContinue Reading
Google layoffs: Google cut positions of almost 200 employees from its “core team” and relocated some of the jobs overseas with the aim to cut costs as the company continues its restructuring process. At least 50 roles were eliminated from engineering team based at its headquarters in California, it wasContinue Reading
By Duncan Miriri Ethiopian Airlines sees 30% surge in NAIROBI, – Ethiopian Airlines expects to carry 30% more passengers in the year ended June from the year before, its chief executive told Reuters on Wednesday, buoyed by new routes and a rebound in global travel. HT launches Crick-it, a oneContinue Reading
The US Federal Reserve emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. With this, US Fed has held interest rates steady for a sixthContinue Reading
Google users reported that the search engine was not working for them as it faced an apparent outage across the globe. Users reported problems with Google services including Google Search as per Downdetector that tracks outages by collating status reports from several sources including users. Google logos are shown whenContinue Reading