Business

Sri Lanka's newly-appointed Finance Minister Ali Sabry.

Bankrupt Sri Lanka rushes delegation to IMF seeking $4 bn bailout

The Sri Lankan government has sent a delegation to the International Monetary Fund (IMF) for discussions over ways to get the lender's loans.

Apr 18, 2022

What is the 'poison pill' measure that Twiter is adopting to stop Elon Musk's takeover

It's a corporate strategy established during the wild leverage buyout (LBO) days of the 1980s in the United States, and it's another name for the "shareholder rights plan."

Apr 16, 2022

Rapido raises $180 million in Series D; valuation surges to $800 million [details]

Rapido Rental is a first-of-its-kind multi-stop bike rental service for customers who need to perform several chores at different locations and don't want to deal with the headache of making multiple reservations and waiting for a ride.

Apr 16, 2022

Why Telcos still giving cold shoulders to slashed spectrum prices reserved by TRAI

The Telecom Regulatory Authority of India (Trai) recommended slashing the base price between 35 and 40 per cent for the auction of major 5G spectrum airwaves

Apr 14, 2022

US inflation hits 40-year high: Russia-Ukraine war has added further fuel to the blazing rate of inflation

The US inflation rate hit a 40-year high in the year to March after fuel prices soared during the first full month of the Ukraine war, BBC reported.

Apr 13, 2022

Straight out of Movie: Thieves steal 500-tonne bridge in Bihar posing as government officials

It should be noted that this is not the first time a bridge has vanished. In the Czech Republic, audacious thieves stole a bridge in broad daylight in 2012, claiming they had been hired to dismantle it.

Apr 9, 2022

Twitter brings ALT badge, improved image descriptions globally

In a bid to make it easy to add alt text to image uploads, micro-blogging site Twitter has announced that its new accessibility features, ALT badge and improved image descriptions, are now available globally.

Apr 8, 2022

Amid allegations of high fees, Competition Commission to probe Zomato, Swiggy for anti-competitive practice

Allegations of a delayed payment cycle, one-sided conditions, and high fees, according to CCI, warrant further examination.

Apr 6, 2022

Wipro will continue to invest in Telangana: Azim Premji

Telangana is progressive state, Wipro will continue to invest here: Azim Premji

Wipro will continue to invest in Telangana as the state government here is progressive, Founder-Chairman of Wipro Group, Azim Premji, said on Tuesday.

Apr 6, 2022

Why HDFC Limited will be merged with HDFC Bank: Explained

HDFC Limited, India's largest housing finance company with Rs 5.26 trillion in assets under management (AUM) and a market capitalization of Rs 4.44 trillion, will merge with HDFC Bank, India's largest private sector bank by assets with a market capitalization of Rs 8.35 trillion.

Apr 4, 2022

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