Business

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

Oct 1 deadline for compulsory e-invoice generation nearing

Businesses having aggregate annual turnover of Rs 10 crore and more will have to compulsorily generate e-invoices for business-to-business (B2B) transactions from October 1 onwards, according to the Finance Ministry

Sep 27, 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

Oct 1 deadline for compulsory e-invoice generation nears for firms with Rs 10 cr turnover

As of now, businesses with turnover of Rs 20 crore and more are required to generate e-invoices for all B2B transactions.

Sep 26, 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

Dow tumbles, Fed hikes interest rate, recession fears grip US economy

The Dow was down 289 points, or 1 per cent, at the market open. The S&P 500 fell 1.1 per cent and The Nasdaq composite was 1.1 per cent lower, CNN reported.

Sep 24, 2022

SC sends former promoters of Fortis Healthcare, Ranbaxy to six months jail

A bench, headed by Chief Justice U.U. Lalit, declined to lift its stay on the open offer by IHH Healthcare Berhad for a 26 percent stake in Fortis Healthcare.

Sep 23, 2022

RBI asks Mahindra Financial services to cease immediately from using recovery agents

In other words, the company was directed not to use services of any outside agency for loan recovery purpos

Sep 23, 2022

For non-profits wanting to get listed on Social Stock Exchange, there should be no I-T notice or scrutiny: SEBI

The SEBI on Monday proposed a new framework for the Social Stock Exchange (SSE). This new framework would allow the listing of non-profit organisations (NPO).

Sep 21, 2022

I2U2 diplomats meet to review projects, discuss cooperation

The participants expressed their countries' "commitment to deepening the economic partnership among the four countries", according to the State Department.

Sep 21, 2022

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