Markets

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

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

Sensex, Nifty wriggle out, show early positive trends

The benchmark indices ended lower on Wednesday with Sensex falling more than 500 points, and Nifty ending over 140 points down.

Sep 29, 2022

Recession woes grip markets, Sensex falls to 56,891.95

Recession woes grip markets, Sensex falls 56,891.95 points on Wednesday

Sep 28, 2022

Indian Rupee hits 81.93 per US dollar, bloodbath continues in Forex markets

Indian rupee and major currencies across the world from Yuan, UK's sterling, China's Yuan, Australia's dollar, are facing bloodbath in forex markets

Sep 28, 2022

Fears of Bank of England emergency interest rate hike may trigger plunging pound

The pound sterling was "absolutely hammered" in trading early Monday morning, dropping to just $1.0327 - under the grim 1985 baseline of $1.0545.

Sep 27, 2022

Interpol issues Red Notice for crypto firm Terraform founder Do Kwon

The request came after Singapore's police said that Kwon was not in the city state, where prosecutors had believed he was residing, reports Yonhap news agency.

Sep 26, 2022

BPCL inks deal with Brazil's Petrobras aimed at diversifying crude oil sourcing

The new MoU will cut down India's reliance on particular regions in terms of crude exports

Sep 25, 2022

Big Billion Days 2022: Flipkart sales peak to 1.6 mn per second, witnessing record high in 9 years

The number of Flipkart Plus customers using Early Access during the sale also saw a healthy growth as compared to last year's event, according to the company.

Sep 24, 2022

Byju's settles dues in Aakash deal, pays $234 million to Blackstone

The settlement comes at a time when Byju's is apparently facing the crisis of its lifetime