Business and financial news
California: Meta Platforms Inc., which is the owner of popular social media platforms Facebook and Instagram, is planning another round of layoffs and will slash thousands of employees in the current week, media reports said on Tuesday.
Popular chocolate brand Toblerone can no longer be called Swiss-made as its American owners are shifting some of its production outside Switzerland.
Kolkata: Matter, an innovation-led tech start-up, on Monday named its EV motorbike as "AERA", which is priced between Rs. 1,43,999 and Rs. 1,53,999.
Kolkata: Bandhan Bank announced the opening of its Mega Currency Chest in Kolkata.
Kolkata: Saini Group inaugurated a new Mahindra Showroom and Service Centre at Maheshtala, a town located close to West Bengal capital Kolkata, on Friday.
New Delhi: Telecom major Bharti Airtel on Monday announced the launch of its ultra-fast 5G services in 125 cities.
California: Video conferencing platform Zoom has removed its President Greg Tomb.
New Delhi: The per capita income in India has doubled to Rs 172,000 over the past nine years, according to the latest figures released by the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation.
New Delhi/IBNS: India's crude oil shipments from Russia in February reached an unprecedented 1.6 million barrels per day, surpassing the combined imports from traditional suppliers Iraq and Saudi Arabia.
New Delhi: Prominent lawyer Harish Salve has called for a detailed probe into US short-seller Hindenburg Research’s negative report on Adani Group that caused market turbulence last month as listed Adani group company stocks lost billions of dollars in a short span.
Former Australian PM Tony Abbott has rubbished the allegations of grave irregularities against Adani Group by US-based short seller Hindenburg Research and said it is "easy to make allegations, but just because something has been alleged, doesn't make it true."
Kolkata: Automaker Nissan Motor India on Saturday showcased its recently unveiled SUVs X-Trail and Qashqai at The Tollygunge Club in south Kolkata in the presence of Olympic gold medalist shooter Abhinav Bindra.
Ratings agency ICRA has changed the outlook for two Adani group companies, namely Adani Ports and Adani Total Gas, from "stable" to "negative".
Mumbai: India’s foreign exchange reserves decreased by $325 million, bringing the total down to $560.94 billion for the week ended February 24th.
Mumbai: Food delivery platform Swiggy announced on Thursday that it has completed a share-swap agreement with Kitchens@ to sell its cloud kitchen business, Swiggy Access. This decision was made as part of the company's cost-cutting measures, which included laying off 380 employees due to a lack of funding opportunities, The Financial Express reported.
Itanagar: Arunachal Pradesh-based entrepreneur Rita Tage has established herself as a major name in the wine industry by creating her brand “Naara Aaba Kiwi Wines.”
Mumbai: The Sensex surged by 900 points on Friday and the Nifty came close to reaching the 17,600 mark, following positive global and domestic cues. This boost in the stock market resulted in investors gaining approximately Rs 3.4 lakh crore, ET reported.
New Delhi: India is exploring potential partnerships with global aircraft makers, such as Embraer SA and Russia’s Sukhoi, to start domestic production of small aircraft, Bloomberg reported citing sources.
Apple’s partner Foxconn Technology Group intends to invest approx. $700 million to set up a new manufacturing facility in India to increase local production, highlighting the increasing trend of shifting manufacturing away from China due to escalating tensions between Washington and Beijing, Bloomberg reported.
Adani Group is set to conduct fixed-income road shows in various cities of the United States, Dubai, and London this month, Reuters reported.
Mumbai: The Reserve Bank of India Friday said it has fined Amazon Pay (India) Private Ltd more than Rs 3.06 crore for not adhering to certain rules regarding Prepaid Payment Instruments (PPIs) and the Know Your Customer (KYC) directive.
New Delhi/Bengaluru: Union Minister of State for Electronics and IT, Rajeev Chandrasekhar on Friday said Apple smartphones will soon be built in a 300-acre factory in India tech hub Karnataka.
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Mumbai/IBNS: Business tycoon Gautam Adani has welcomed the Supreme Court’s order to form a panel to probe the accusations of business malpractices by US short-seller Hindenburg Research on Adani Group companies.
Mumbai/IBNS: Axis Bank, India's fourth largest private sector bank, has acquired Citibank India's consumer business at Rs 11,603 crore.
New Delhi/IBNS: Moody's Investors, on Wednesday, Service increased its prediction for India's economic growth in 2023 from 4.8% to 5.5%.
Mumbai/UNI: The BSE Sensex dropped 324 points at 59,086.73 in opening trade as selling was seen in IT and Telecommunications stocks.
Mumbai: Tata Group’s attempt to buy a majority stake in Bisleri, one of India’s largest bottled water enterprises, hit a roadblock after the two parties failed to reach a consensus on valuation, Bloomberg reported.
Mumbai/IBNS: Akasa Air has said it will be expanding its fleet with aircraft purchases in the three digits by the end of the year, media reports said.
New Delhi/IBNS: Developed and developing countries must have different goals and timelines while being sensitive to each other's needs, potential goals and roadmap towards sustainability, Commerce & Industry Minister Piyush Goyal said on Wednesday.
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