Do you know what the worth of the top 10 richest people in India is? Do you know the net increase in their wealth this year? While 2023 may look like recession to many in the world, as per the International Monetary Fund, the wealthiest people in India have hadContinue Reading
Amazon.com Inc. will wind down parts of its Indian operations, showing that even the crucial growth market with 1.4 billion consumers isn’t immune to Chief Executive Officer Andy Jassy’s cost-reduction campaign. Also Read| Jet Airways may not get out of bankruptcy anytime soon. Here’s why The company said it isContinue Reading
VerSe, the parent firm of news aggregator Dailyhunt and video platform Josh has laid off 150 employees, i.e five per cent of its 3,000-strong workforce in a move described as effortas to streamline costs and teams. Umang Bedi, the company’s co-founder said the company has evaluated its strategic priorities inContinue Reading
Reuters | | Posted by Lingamgunta Nirmitha Rao New Delhi Television Ltd (NDTV) said on Monday an entity backed by its founders had issued shares to a unit of Adani Group, taking the billionaire Gautam Adani-led conglomerate a step closer to taking over the media firm. The transfer of sharesContinue Reading
PTI | | Posted by Singh Rahul Sunilkumar Bank credit growth improved to 17.2 per cent in the September quarter 2022 from 7 per cent in the year-ago period, reflecting pick-up in economic activities. “Credit growth remained broad-based: all population groups and bank groups recorded double digit annual growth,” theContinue Reading
Benchmark indices ended at fresh lifetime highs on Monday amid foreign fund inflows, a decline in crude oil prices and buying in index major Reliance Industries. Rallying for the fifth day in a row, the 30-share BSE Sensex climbed 211.16 points or 0.34 per cent to settle at 62,504.80, itsContinue Reading
Sri Lanka’s Central bank governor Nandalal Weerasinghe expects that the country’s inflation will substantially decrease in the coming months with gradual relaxation in currency band as inflows improve. This positive prediction comes after the nation saw inflation rising to massive 70% earlier in the year. Consumer price gains “will continueContinue Reading
Published on Nov 28, 2022 09:18 AM IST In opening session, Sensex drops by 137.53 pts to begin day at 62,156; Nifty at 18,464. People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI file photo) Opening bell: Sensex begins day in red at 62,156;Continue Reading
Retail prices of wheat flour (atta) have jumped 17% in the past one year due to a shortage of the staple in open markets, millers have said, urging the government to release grains from its own reserves. Lower supplies have led wheat flour price — at an all-India daily averageContinue Reading
Bloomberg | | Posted by Singh Rahul Sunilkumar Profits at industrial firms in China continued to decline in the first 10 months of the year, weighed down by Covid restrictions and falling factory-gate prices. Industrial profits in the January-to-October period fell 3.0% from a year earlier, data from the NationalContinue Reading