Browsing: Business

VerSe Innovation Pvt. Ltd, the parent company of news aggregator Dailyhunt and short-video platform Josh, announced a 5% layoff of its employees as part of its mid-year performance review, as part of a cost-cutting effort to streamline operations and reduce

A pilot program for the retail digital rupee will be launched by the Reserve Bank of India on December 1, 2022. Eight banks have been identified for phase-wise participation in this pilot. State Bank of India, ICICI Bank, Yes Bank

After reaching record levels, the head of the European Central Bank believes inflation has not peaked. ECB President Christine Lagarde also said the bank would continue raising interest rates to combat those price spikes. In October, inflation in the 19

On Thursday, Ford Motor Co announced that it was recalling 634,000 sport utility vehicles (SUVs) worldwide over the possibility that their fuel injectors may be cracked and that owners should have their cars inspected. A recall has been issued by

In the wake of Tesla Inc.’s rapid selloff, most Wall Street analysts’ price targets have become obsolete. Tesla shares must rally 80% to reach the median analyst target price, the second-biggest gap on the Nasdaq 100 Index behind Baidu Inc.

Reserve Bank of India (RBI) said in its monthly bulletin that high frequency indicators and economic prediction models predict 6.1%-6.23% growth in the second quarter of the current financial year. “In 2022-23, India will grow at about 7% if this

There will be a Pacific-Rim summit taking place in the capital of Thailand this week that will focus on competition between great powers in Asia, inflation, food and energy shortages. Two closed-door sessions will be held Friday and Saturday between

In a landmark report released by Masdar and Abu Dhabi Sustainability Week (ADSW) on the sidelines of the UN Climate Change Conference (COP27) in 2022, the continent could capture as much as ten percent of the global green hydrogen market,

As forecasters warned of many months of contraction ahead, the British economy shrank in the three months to September, official statistics showed on Friday. Despite a smaller-than-expected contraction, gross domestic product fell by 0.2% between July and September, signaling the

Binance canceled its acquisition plans for FTX on Wednesday. Binance said in a tweet that it couldn’t help with the problems. FTX, which was valued at $32 billion earlier this year, is now at risk. Sam Bankman-Fried’s crypto empire is