Business news

A veteran-turned-entrepreneur, this Flipkart seller proves age is no barrier to success

Battlefield to business; Flipkart helps veteran succeed as entrepreneur - an inspiring tale [read now]

Ikramullah Khan, a veteran of the Indian Air Force, saw retirement as the ideal time to realise his dream of starting a business. Here's how he overcame his obstacles and realised his entrepreneurial goals by becoming a Flipkart seller.

Mar 25, 2023

Twitter co-founder Jack Dorsey to take home nearly $1 bn once Elon Musk closes deal

After Adani, Hindenburg targets Twitter former CEO Jack Dorsey, makes him poorer by $526 million

Dorsey is now worth $4.4 billion, according to Bloomberg Billionaires Index. His firm Block's shares nosedived as much as 22 per cent on Thursday, before closing down 15 per cent late on Thursday.

Mar 24, 2023

Accenture slashes 19K jobs; tech mayhem deepens amid global economic crisis [details]

Global IT services firm Accenture, which has a large presence in India, on Thursday announced to lay off nearly 19,000 employees amid the challenging global macro-economic conditions and slow revenue growth

Mar 23, 2023

Hindenburg to come out with one more report, details not given

The US short seller said another report is in pipeline, in a tweet a few hours ago without giving further details.

Mar 23, 2023

Last time hike? US Fed raises interest rates again, defends move

The US Federal Reserve on Wednesday raised interest rate by 25 basis points, which is modest compared to previous hikes aimed at curbing inflation

Mar 23, 2023

Sensex up 370 points high, IT, FMCG under pressure

US stocks jumped on Monday after a deal to rescue Credit Suisse and central bank efforts brought confidence levels back in the financial system.

Mar 21, 2023

Tamil Nadu finance minister P.T.R. Palanivel Thiagarajan

TN Budget: Rs 500 cr allocated for CM's breakfast scheme for schoolchildren

Tamil Nadu Finance minister Dr P.T.R. Thiagarajan on Monday allocated Rs 500 crore towards the Chief Minister's breakfast scheme for government school students in the state.

Mar 20, 2023

Banks drag down Wall Street stocks; Indian banks strong, says RBI Governor

What we have in India today is a well-regulated and well-supervised banking sector and even the NBFCs sector and other financial entities come under the RBI's domain, says RBI Governor

Mar 18, 2023

TCS CEO Rajesh Gopinathan resigns to pursue other interests

TCS CEO Rajesh Gopinathan resigns; K. Krithivasan is CEO Designate [details]

Rajesh Gopinathan, Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS) has tendered his resignation, which will be effective from September 15, 2023.

Mar 16, 2023

Confused with US's SV Bank crisis, besieged SVC Bank threatens legal action

Deju Vu 2008? Dow opens 600 points down, Credit Suisse down 20%, banking fears spread rapidly across global markets

The US' Dow opened the day with a decline of more than 600 points Wednesday as banking fears spread across global markets, reports said.

Mar 16, 2023

Stock Market Today: Hopes of rebound linger as US returns to positive sentiment

Asian markets are poised to rebound on Wednesday as investors re-enter after the worst of the global fallout from the American banking sector has passed.

Mar 15, 2023

SVB Bank collapse: Indian startups have millions stuck in SVB; Indian govt to the rescue

Many Indian startups choose to be incorporated in the US. The money raised from access to global VC is deposited in SVB.

Mar 14, 2023

SVB Collapse Update: Germany halts operations, US bank shares tumble

In London, Standard Chartered is down 6 per cent with Barclays losing 5 per cent. The market is sending a consistent message that a US recession is about to start,

Mar 14, 2023

HSBC acquires 'Silicon Valley Bank UK' for 1 pound

HSBC UK Bank plc is acquiring Silicon Valley Bank UK Limited (SVB UK) for 1 pound, after a weekend of frantic negotiations by UK officials.

Mar 13, 2023

SVB collapse explained: What happens to your deposits in worst-case scenario [details]

Silicon Valley Bank crisis has snowballed into a major concern for investors, startups and VCs. Here's an explainer of the whole issue, what led to the SVB collapse and what comes next.

Mar 12, 2023

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Business news

Battlefield to business; Flipkart helps veteran succeed as entrepreneur - an inspiring tale [read now]

After Adani, Hindenburg targets Twitter former CEO Jack Dorsey, makes him poorer by $526 million

Accenture slashes 19K jobs; tech mayhem deepens amid global economic crisis [details]

Hindenburg to come out with one more report, details not given

Last time hike? US Fed raises interest rates again, defends move

Sensex up 370 points high, IT, FMCG under pressure

TN Budget: Rs 500 cr allocated for CM's breakfast scheme for schoolchildren

Banks drag down Wall Street stocks; Indian banks strong, says RBI Governor

TCS CEO Rajesh Gopinathan resigns; K. Krithivasan is CEO Designate [details]

Deju Vu 2008? Dow opens 600 points down, Credit Suisse down 20%, banking fears spread rapidly across global markets

Stock Market Today: Hopes of rebound linger as US returns to positive sentiment

SVB Bank collapse: Indian startups have millions stuck in SVB; Indian govt to the rescue

SVB Collapse Update: Germany halts operations, US bank shares tumble

HSBC acquires 'Silicon Valley Bank UK' for 1 pound

SVB collapse explained: What happens to your deposits in worst-case scenario [details]

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]