Ramesh “Sunny” Balwani, a former executive of US health technology company Theranos, has been sentenced to 12 years and 11 months in federal prison for fraud, announced United States Attorney Stephanie Hinds on Wednesday. In a statement, the U.S. Attorney’s Office said Balwani risked patient health by misrepresenting the accuracyContinue Reading
Published on Dec 08, 2022 03:34 PM IST Markets end in green: Sensex at 62,570, Nifty above 18,610. BSE Sensex (MINT_PRINT) Markets end in green: Sensex at 62,570, Nifty above 18,610. ABOUT THE AUTHOR Follow the latest breaking news and developments from India and around the world with Hindustan Times’Continue Reading
Published on Dec 08, 2022 09:20 AM IST Market opening bell: Sensex opens at 62,504, Nifty at 18,570. BSE Sensex(REUTERS) Market opening bell: Sensex opens at 62,504, Nifty at 18,570. ABOUT THE AUTHOR Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk.Continue Reading
Loans and mortgages will get more expensive with the Reserve Bank of India’s Monetary Policy Committee (MPC) announcing a fifth consecutive interest rate hike on Wednesday, of 0.35 percentage points, taking the policy rate to 6.25%, the highest since March 2019. RBI has taken up the policy rate by 2.25Continue Reading
Professional investors are loading up on bets that an economic recession can be avoided despite all the warnings to the contrary. It’s a dangerous bet — for a variety of reasons. Money managers have been favoring economically sensitive equities, such as industrial companies and commodity producers, according to a studyContinue Reading
Published on Dec 07, 2022 03:41 PM IST Closing bell: After RBI’s latest lending rates out, Sensex falls 215 points, Nifty ends at 18,560. Of the Sensex constituents, 19 shares clocked gains and 11 suffered losses. Follow Us Read this news in brief form Closing bell: After RBI’s latest lendingContinue Reading
Amazon is planning to size down its workforce by laying off 20,000 employees in the coming months reportedly after over-hiring during the pandemic. A report published in Computer world claimed that the e-commerce giant’s employees are ranked from level 1 to level 7, and the decision is going to affectContinue Reading
The RBI on Wednesday said it has decided to add a feature in the UPI platform to aid payments where delivery of goods and services happens later, like e-commerce purchases, hotel bookings or investments in securities. Through the ‘single-block-and-multiple debits’ feature on the Unified Payment Interface (UPI) platform, customers willContinue Reading
India’s central bank reiterated its resolve to fight inflation, while slowing the pace of increase in borrowing costs in a signal it’s nearing the peak rate. The Reserve Bank of India’s six-member Monetary Policy Committee voted 5-1 to raise the benchmark repurchase rate by 35 basis points to 6.25%, asContinue Reading
Markets opening: Sensex at 62,615, Nifty at 18,638. ABOUT THE AUTHOR Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we’ve got youContinue Reading