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
Former Tata CLiQ CEO Vikas Purohit, who left the company in December last year, has been appointed by Meta as its Director of Global Business Group for India. In this role, he will lead the strategy and delivery of the charter that is focused on the country’s leading advertisers andContinue Reading
Telecom operation Reliance Jio announced the launch of its 5G services in 10 more cities, taking the total number of cities with Jio 5G access to 85. Jio users in these cities will be invited to the Jio Welcome Offer to experience unlimited data at up to 1 Gbps-plus speeds,Continue Reading
PTI | | Posted by Yagya Sharma R S Sodhi on Monday resigned as Managing Director of Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) that markets its products under the Amul brand. When contacted, Sodhi confirmed PTI that he has resigned from the post of MD. “I was on extension.Continue Reading
Apple Inc. has begun hiring retail store workers in India and has plans to fill other roles as the technology company prepares to open stores in the country, according to a report by the Financial Times. The company’s careers page lists several different opportunities for workers in India, including businessContinue Reading
The Union government on Sunday clarified that scribbling on a bank note does not mean it is no longer legal tender. The clarification came in response to a viral message which stated that the Reserve Bank of India (RBI) has released new guidelines, under which writing on a note rendersContinue Reading
The government may have to frame a law allowing retail users making low-value payments in the recently launched digital rupee to delete the transaction footprint as the central bank digital currency (CBDC) is equivalent to cash that must offer the same degree of anonymity to the bearer, a person withContinue Reading
Goldman Sachs Group will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it prepares for a tough economic environment. The sources could not be named as the information was not yet made public. Goldman Sachs declined to comment. The jobContinue Reading