Business

Mindtree and L&T Infotech announce merger; poised to become India's 5th largest IT company [details]

The combined business will overtake Tech Mahindra to become the fifth-largest IT services provider by market capitalization.

May 7, 2022

Bear wipes off ₹5 lakh crore investors' wealth on Friday; worst week at Dalaal street since Nov [details]

The stock market benchmarks sank 4% this week, registering the worst performance since November 2021.

May 6, 2022

Despite 247K vacancies, US weekly jobless claims tick up to 200,000

Initial jobless claims in the US last week ticked up to 200,000 amid continued labour market tightness, the Labour Department reported.

May 6, 2022

Stock Markets: Sensex plunges by over 1,050 pts, Nifty down by 320 pts

Indian equity benchmarks declined sharply in opening deals on Friday, in line with weakness in global markets.

May 6, 2022

US private sector adds 247,000 jobs in April

US private sector adds 247,000 vacancies in April; Nearly one person - two jobs situation

Private companies in the US added 247,000 jobs in April, indicating a slower growth in a tight labour market, payroll data company Automatic Data Processing (ADP) reported.

May 5, 2022

RBI drops the bombshell, raises the repo rate by 40 basis points to 4.40%

The RBI governor added that global oil prices are holding above USD 100 a barrel, which is seeping into local fuel prices, citing inflationary concerns.

May 4, 2022

SL Bankruptcy: DMK to contribute Rs 1 crore; Stalin appeals to people for help

Tamil Nadu Chief Minister M.K. Stalin has appealed to the people to contribute to the state government to buy food materials, and ship them to Sri Lanka to help the people of the island nation currently reeling under an economic crisis.

May 4, 2022

Twitter not to be free for business and Govts: Elon Musk

Tesla CEO Elon Musk on Wednesday said that business and government users on Twitter may need to pay a slight fee to stay on the micro-blogging platform.

May 4, 2022

India to become $ 5 trillion economy only by 2029 : IMF

It should be noted that the IMF decreased India's growth prediction for FY23 by 80 basis points to 8.2% in its latest World Economic Outlook report released last month.

May 4, 2022

Wikimedia Foundation decides to discontinue cryptocurrencies as donation

The Wikimedia Foundation (WMF) has announced to discontinue direct acceptance of cryptocurrency as donation.

May 2, 2022

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