Business News

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RBI monetary policy: What to expect from feb 8 decisions

The RBI's Monetary Policy Committee has kept the key repo rate unchanged at 6.5% for the last five consecutive meetings through December 2023. ...

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Why did Paytm CEO met FM Nirmala Sitharaman amid crisis?

Paytm CEO Vijay Shekhar Sharma assured that the company is looking for all the options to ensure that stakeholders are protected from unwarranted and speculative stories....

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HDFC Bank Group receives RBI approval to acquire up to 9.5% stake in six banks

Although HDFC Bank does not have intentions to directly invest in these banks, it anticipated that the "aggregate holding" of HDFC Bank group might exceed the prescribed limit of 5%....

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Snap Inc to cut 10% of Snapchat workforce following revenue decline

Snapchat's parent Snap is the most recent technology company to reveal workforce reductions of 10% amid consecutive revenue drops, contributing to over 232,000 industry layoffs in 2023 that are forecast to continue into 2024....

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Jio financial denies reports of acquiring Paytm's Wallet Business

A spokesperson for Jio Financial emphasized that the company has consistently abided by and will continue to adhere to all disclosure requirements mandated by regulators....

PMI

India’s January services PMI: A 6-month high and the surge in new business

In the realm of Purchasing Managers’ Index (PMI), a score above 50 signifies expansion, while below 50 denotes contraction. The recent rise to 61.8 ...

Elon Musk

Elon Musk criticizes US immigration policy, sheds light on mother's struggles

Musk pointed out that illegal immigrants in America can access bank loans, mortgages, insurance, driver's licenses, free healthcare (in California and...

Billionaire Mukesh Ambani receives death threat! Details here

Could Mukesh Ambani buy Paytm's wallet? Jio Financial shares soar 13% on rumors

Paytm has been facing a severe threat to its future operations and viability since the Reserve Bank of India prohibited the payment bank from taking a...

Ola, Uber

Karnataka introduces uniform fare for Ola, Uber, and Taxi Services

Surge pricing has been a contentious issue among commuters, with complaints about inflated fares during peak hours. The move aims to provide transpare...

What about SBI Bank?

SBI quarterly profits drop 35.5% burdened by pension costs

Speaking about credit growth, Khara noted that it has been widespread across sectors. He said SBI is witnessing healthy trends in credit expansion and...

Morgan Stanley

Morgan Stanley acquires Paytm stake worth Rs 244 crore

The purchase by Morgan Stanley has come amid a decline in One 97 Communications' stock price, which had fallen by 20% for the two consecutive days aft...

Layoffs

FIRED: Google, Microsoft, Meta and others; Coming months can be worse

Sources claim that this year could be worse after tens of thousands of employees were laid off last year....

Paytm

Will Paytm app keep working beyond Feb 29? Here's what Paytm founder says

The Paytm app will keep working beyond February 29, the RBI action will only impact the Paytm Payments Bank operations, the company's founder Vijay Sh...

tesla

Tesla to recall nearly all its US vehicles in largest-ever recall

This isn't Tesla's first encounter with massive recalls. Just recently, the company made headlines with its largest-ever recall to install new safegua...

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