Business news

Moody's: UK's economic outlook now rated 'Negative'

The UK's economic outlook has been lowered to "negative" by ratings agency Moody's due to the ongoing political instability and high inflation.

Oct 22, 2022

Netflix rebounds after recent subscriber loss in Q3 [details]

Netflix's shares jumped 14 percent after the massive rise of customers in the third quarter

Oct 19, 2022

Air India eyes tripling its fleet of 113 jets in five years

Air India's CEO said that the carrier will become a world-class airline within the next five years

Oct 19, 2022

Modi to open PM Kisan Samman Sammelan on Oct 17; to release funds worth Rs 16,000cr [details]

Prime Minister Narendra Modi will inaugurate "PM Kisan Samman Sammelan 2022" on October 17 at Indian Agricultural Research Institute in the national capital.

Oct 15, 2022

No legal bar in making same-sex partners insurance policy bank account nominees [details]

There is no legal bar for anyone in making their same-sex partner as a nominee in insurance policies in the name of that person, the Life Insurance Corporation of India (LIC) has confirmed in a reply to an RTI application by a Kolkata-based queer couple, Suchandra Das and Sree Mukherjee.

Oct 15, 2022

2,500 people to lose jobs in Byju's as firm eyes ensuring profitability

Divya Gokulnath, co-founder of Byju's said that the company will start focussing on building brand awareness overseas through new partnerships

Oct 13, 2022

British pound. (File: Xinhua/Then Chih Wey/IANS)

British Pound falls sharply after Bank of England gives bond-buying end date

The British pound has fallen sharply against the dollar after Bank of England Governer Andrew Bailey warned that it would not extend its emergency intervention in financial markets beyond this week, after the turmoil sparked by the governments mini-budget.

Oct 12, 2022

Adani Group eyes to buy Jaiprakash's Cement unit for $606 Million: Bloomberg

Adani Group is planning to expand its cement business further to attain an annual production capacity of 140 million tons

Oct 11, 2022

Morgan Stanley eyes expanding its workforce in India [details]

The move from Morgan Stanley comes at a time when several companies are hesitant to expand workforce due to adverse economic conditions

Oct 10, 2022

Rupee's downfall peaks to 82.20 today

Rupee slips down against dollar on oil price increase, crossing the expected barrier of 82 per US dollar on Friday

Oct 7, 2022

Twitter, Musk confirm plan to close $44 billion deal, shares shoot up by 22%

In a new filing with the US Securities and Exchange Commission (SEC), Musk's legal team has also asked the court to adjourn the trial and all other proceedings.

Oct 5, 2022

Major IT giants revoke offer letters in India as recession scare looms

In August, India's inflation hit 7 percent, continuing an eight-month streak exceeding the central bank's tolerance targets

Oct 5, 2022

Shaktikanta Das, Governor, Reserve Bank of India

RBI not to stop repo rate hike, next expected to be 35 bps to reach 6.25%: Kotak report

RBI is expected to hike the repo rate by another 35 basis points (bps) to 6.25 per cent in December 2022, says Kotak report

Oct 4, 2022

Indian corporate credit quality remains strong

Indian corporate credit quality robust, says CRISIL Ratings

The credit ratio is in line with the positive credit quality outlook CRISIL Ratings had articulated earlier -- that upgrades will far outnumber downgrades through this fiscal.

Oct 3, 2022

After Alibaba fiasco, SoftBank plans to cut 30% of Vision Fund staff: Report

Bloomberg reported that the company has started briefing some employees -- around 150 -- about being laid off. The SoftBank Vision Fund unit had about 500 employees as last reported.

Sep 30, 2022