Wayfair to slash 1,650 jobs from its global workforce
San Francisco, Jan 20 - E-commerce company Wayfair has announced to lay off 1,650 employees, or 13 per cent of its workforce globally, to reduce costs.
Stock markets to observe trading holiday on Jan 22
Mumbai, Jan 19 - Stock exchanges will observe trading holiday on January 22 in Equity, Equity Derivatives, SLB Segment.
Tata Steel to shut blast furnaces at UK plant; 2,800 jobs likely to go
London, Jan 19 - Tata Steel said on Friday that it will be shutting down the two blast furnaces in its plant in the UK by the end of this year, which would result in the loss of up to 2,800 jobs at
Zee says not aware of any Sony board meeting
New Delhi, Jan 19 - Zee Entertainment has said that the company is not aware of, and cannot comment on, any board meeting held or proposed to be held by Culver Max Entertainment Private Ltd (formerly Sony Pictures Networks India Private Ltd), given
Moody’s expects Fed to cut rates in May as inflation slows
New Delhi, Jan 19 - Moody's expects the inflation rate to return to central bank targets by 2025 and the US Federal Reserve to start cutting rates in May.
Akasa Air signs MoU with Noida International Airport for strategic collaboration
New Delhi, Jan 19 - Akasa Air has entered a strategic collaboration with the Noida International Airport to support each other in their growth journeys and will base its aircraft at the airport to operate domestic and international flights and support the growing
Zuckerberg’s firms fined $2.8bn for wrongful user data processing in last 4 yrs: Report
New Delhi, Jan 19 - Mark Zuckerberg's Meta and its affiliated subsidiaries have incurred fines totalling $2.8 billion in the last four years due to multiple GDPR (General Data Protection Regulation) violations, a new report has revealed.
Reliance Retail delivers gross revenue of Rs 83,063cr for 3Q FY24
New Delhi, Jan 19 - Reliance Retail delivered gross revenue of Rs 83,063 crore for 3Q FY24, a growth of 22.8 per cent Y-o-Y led by Grocery, Fashion & Lifestyle and Consumer Electronics businesses.
Reliance Industries gross revenue at Rs 2.48 lakh crore in Dec quarter on momentum in consumer businesses
New Delhi, Jan 19 - Reliance Industries Limited (RIL) declared the consolidated results for quarter ended December 31, 2023.
PLI 2.0 for IT hardware: Make global giants feel safe to manufacture in India, say experts
New Delhi, Jan 19 - The IT hardware sector in India is still in a nascent stage and a key factor will be to make global giants like Dell, HP, ASUS, Lenovo, and Acer feel safe to make the country their manufacturing hub,
JetSetGo signs $1.3 billion deal for 280 hybrid-electric aircraft
Hyderabad, Jan 18 - Air service operator JetSetGo on Friday signed a deal with three global aviation tech firms for 280 hybrid-electric aircraft worth over $1.3 billion.
Boeing estimates India will need 2,500 new aircraft by 2042
Hyderabad, Jan 19 - Boeing estimates India will need more than 2,500 new aircraft by 2042 to cater to the needs of its growing civil aviation market.
Money markets to remain shut on Jan 22: RBI
New Delhi, Jan 19 - Reserve Bank of India (RBI) on Friday said that the money markets will remain closed on January 22.
UK retail sales in 2023 lowest since 2018
London, Jan 20 - Retail sales volumes in the UK fell by 2.8 per cent in 2023 compared to a year earlier, marking the lowest level since 2018, the Office for National Statistics (ONS) said in its latest survey.
Japan’s 2023 core inflation hits 41-year high
Tokyo, Jan 19 - Japan's core consumer prices rose 3.1 per cent in 2023 from the previous year, marking the fastest growth in 41 years, the government said in a report on Friday.
PM Modi inaugurates in Bengaluru Boeing’s largest campus outside US
Bengaluru, Jan 19 - Prime Minister Narendra Modi said on Friday that India has been aiming to reduce its offshore dependence on aircraft leasing and financing in the coming years.
Paytm registers bumper operating revenue uptick of 38% YoY, PAT improves by Rs 170cr YoY
New Delhi, Jan 19 - India’s leading payments and financial services company Paytm has shown yet another impressive quarterly growth, registering a bumper operating revenue uptick of 38 per cent YoY, taking the revenue to Rs 2,850 crore in Q3FY24.
Hindustan Unilever logs lower sales, marginal growth in PAT at Rs 2,519 crore
Chennai, Jan 19 - Fast moving consumer goods (FMCG) major Hindustan Unilever Ltd (HUL) closed the third quarter of FY24 with marginally higher profit of Rs 2,519 crore, largely boosted by other income and other operational revenue on a reduced sales.
Central Bank of India logs Rs.717.86 cr profit for Q3
Chennai, Jan 19 - Public sector mortgage lender, Central Bank of India closed the third quarter of FY24 with higher net profit of Rs.717.86 crore.
Airbus, Heligo sign services contract for H145 choppers
Hyderabad, Jan 19 - Airbus on Friday signed a services contract with Heligo Charter Private Limited for six Airbus H145 helicopters deployed for offshore and onshore operations in India.