Gautam Adani Exits Top-10 Global Rich List: $34B Wiped Off in 3 Sessions

By Malvika Gurung -- Industrial mogul and chairperson of the ports-to-power conglomerate Adani Group, Gautam Adani no longer ranks among the top ten wealthiest billionaires in the world, his position sliding further to the 11th spot on...

Indian MSME market outlook positive despite softening global economy: Kantar’s ITOPS 2022 study

The report highlights that the pandemic had hit the MSME businesses hard, but the segment has bounced back.

Economic Survey 2023 calls for simplification of taxation, ESOPs to accelerate 'reverse-flipping' of start-ups

The survey which was released on Tuesday morning said that start-ups have been found to be “flipping” which refers to Indian companies setting up headquarters in overseas locations where ease of doing business is higher.

Busy Week Ahead: Union Budget, FOMC, ECB, BoE

The dollar index trimmed a modest weekly loss amid higher Treasury yields as traders await policy meetings next week and China’s return from a holiday break.

Samsung says Q4 profits plunge 69% to 8 year low on demand slump

Samsung Electronics profits for Q4 plunge slipped to an eight-year low. The South Korean tech giant said operating profits for the October to December period slumped to 4.3 trillion won ($3.4 billion), a 69 percent drop from a year earlier.

Budget 2023: Reduction In GST Rates, Extension Of GECL Tenure Among Key Demands of Hospitality Sector

AHEAD of the Union Budget 2023, businesses in the hospitality industry are looking for convincing announcements from Finance Minister Nirmala Sitharaman in the upcoming budget for leading a productive and successful year. The hospitality industry includes many businesses such as hotels, restaurants, bars, clubs and motels which plays a significant role in the growth of the economy. The sector was affected due to the Covid-19 pandemic as its...

When and Where to watch Union Budget speech 2023-24

With Union Finance Minister Nirmala Sitharaman set to present the Union Budget 2023-24 on Wednesday, here is when and where to watch the Budget session of Parliament.

Abdul Latif Jameel Health announces distribution agreement with iSono Health for 3D breast ultrasound scanner

According to the World Health Organization, breast cancer is the world’s most prevalent cancer; one in eight women will be diagnosed with breast cancer in their lifetime.

Facebook intentionally kills smartphone batteries, claims former employee

As per data scientist George Hayward, who used to work at Facebook, the social media company indulges in a practice called negative testing, which secretly drains the battery power of a user's cellphone.

Nifty short covering rally expected beyond 18050; Oil & Gas, Chemical look positive, Bank might witness pressure

With FIIs heavily short in the Index before the Union Budget and huge selling in the cash market, Nifty is expected to be under pressure in the short term.

5 upcoming WhatsApp features: New fonts, longer group names and more

WhatsApp is reportedly working on new features to improve users' app experience. In 2023, the messaging platform is expected to add a new text editor, new fonts, and other updates.

Apple iPhone users facing major WhatsApp privacy issue

Apple iPhone users are not able to update their WhatsApp privacy setting

Planning to Get a Credit Card? Here are Exciting Options You Should Consider in 2023

Planning to Get a Credit Card? Here are Exciting Options You Should Consider in 2023

European stocks lose ground ahead of Fed decision, Eurozone growth data

By Scott Kanowsky -- European shares inched lower in early trading on Tuesday, as investors awaited the release of fourth quarter growth figures from the Eurozone, braced for a central bank interest rate decisions this week, and...

OLX Layoffs: Company to fire over 1,500 employees globally; auto business likely to be worst hit

OLX Layoffs 2023 : A large company, like OLX Group, is expected to lay off 1,500 people worldwide. This is in the midst of the global financial crisis and economic worries. Many high-tech enterprises and other large corporations are laying off employees globally. Globally, it employs more than 10,000 people.

Higher interest rates help drive UBS to Q4 net income beat

By Scott Kanowsky -- UBS Group AG (SIX:UBSG) has reported better than expected net income in the fourth quarter, as elevated interest rates helped offset a drawdown in trading volumes, although a muted reaction from analysts weighed on...

Pfizer, Adani Transmission among 175 BSE stocks to touch 52-week lows, 69 BSE stocks hit 52-week highs

On the NSE Nifty index, the top winners are Power Grid, Adani Enterprises, SBI, Adani Ports, BPCL with Power Grid up by 3.21%.

Become recession-proof! Tools and skills to learn to be job-ready in 2023

Get recession-proof and job-ready by learning these four new-age skills and four tech tools.

Nature 4 Nature onboards AnyMind Group for brand awareness and establishment

AnyMind Group has stepped in for making the brand achieve its brand target and customer flow for the brand, the company said

Economic Survey 2023 | Digital investments are India's growth magnet for coming decade

The government of India in its annual Economic Survey 2022 presented on Tuesday underscored the importance of the use of technology as the country marches forward. From industrial use cases to the disbursement of social welfare schemes, the survey highlighted the role that the technology has played and added that digital technology-based economic reforms are the growth magnets for the coming decade. Further, the survey projected that the...

Economic Survey | India's credit initiatives boost agri growth — A look at key schemes

The Economic Survey 2022-23, tabled in the Parliament by the Union Minister of Finance and Corporate Affairs Nirmala Sitharaman a day before Budget 2023 is announced, noted that India’s agriculture sector had been witnessing a robust average annual growth rate of 4.6 percent over the last six years. This has enabled the agriculture and allied activities sector to contribute significantly towards the country’s overall growth, development and food...

FTX sues Voyager Digital to claw back $446 million in 2022 loan payments

After Voyager filed in July, it demanded repayment of all outstanding loans to FTX and its affiliate hedge fund Alameda Research

US stops granting export licenses for China's Huawei: Sources

Chinese foreign ministry spokesperson Mao Ning said that China opposes the United States abusing an overly broad notion of national security to suppress Chinese firms unreasonably.

Poco X5 Pro 5G to launch in India on February 6; Poco X5 5G launching globally on same day

Xiaomi spin-off brand Poco will launch the Poco X5 Pro in India on February 6, 2023.

India's largest insurer and state-run banks are reassessing their Adani exposure

US-based Hindenburg Research’s allegations of fraud against India’s Adani group have sparked panic among investors since Jan. 25. Since the publication of the damning report, the conglomerate’s seven listed companies have lost $68.3 billion, nearly a third of their market value. Read more...

Share market holidays February 2023: BSE Sensex, NSE Nifty to remain closed for 8 days this month

In the month of February, there is only one holiday and that too is falling on the weekend. In total, the domestic stock market will stay closed for 8 days on Saturdays and Sundays in February 2023.

NSE Bulk deals, January 30: CLOUD, TRU, ARISTO and other major deals that took place on Monday

On Monday, Neighbourhood Investment Pvt Ltd sold 81,000 shares of Varanium Cloud Ltd (CLOUD) at Rs 1249.30 per share.

Indian Oil Q3 Results: OMC's net profit at Rs 448 crore, revenue exceeds analysts' expectations

The state-run oil marketing company (OMC) had reported a net loss of Rs 272 crore for the corresponding period a year ago.

Adani FPO subscribed 40% on day 3, as stocks drop below offer's price band

The Hindenburg report alleging fraud by the Adani Group hit the conglomerate at a crucial time when it was looking forward to raise Rs 20,000 crore from a follow-on public offer. So far family offices have expressed interest and Abu Dhabi's Investment Holding Company (IHC) has bought shares worth $400 million through the FPO. With the offer set to...

Twitter Layoffs: Did Elon Musk gift thousands of laptops to fired employees?

Some former Twitter employees who were fired in the past couple of months have claimed that they still have the company laptops issued to them at the time of joining.

Budget 2023 Glossary: All Key Terms You Need to Know

Union Budget 2023: We have simplified some of the key financial terms for the readers to understand Budget 2023-24, which is set to be presented by Finance Minister Sitharaman on Wednesday.

Economic Survey 2023: India aims 45% reduction in emission intensity of its GDP by 2030 from 2005 levels

The economic survey has highlighted the increasing reliance on renewable energy for power production. The share of renewable energy as part of installed power capacity grew to 29 percent in 2021-22 from 12 percent in 2014-15. As on September 30, 2022, the government had sanctioned the entire target capacity of 40 Giga Watts (GW) to develop 59 solar parks in 16 states. The total electricity generated in FY 22 was 17.2 lakh GWh compared to 15.9...

ChatGPT is not an author: Science journals ban listing AI as co-author on papers

The academic community has strongly come out against the AI tool, with several science journals banning it from being listed as co-author.

Gupshup onboards Vartika Verma as senior director global marketing

Verma will lead the company's overall marketing strategy and help drive strategic growth, innovation, and value for shareholders and customers worldwide

Federal Bank allots 1,57,710 equity shares to employees as stock option

Federal Bank Limited has announced the allotment of equity shares on the exercise of stock options pursuant to the Employee Stock Option Scheme, via an exchange filing. The issue is as approved by the Nomination, Remuneration, Ethics and Compensation Committee, and the following allotments have been made after payment of money by the allottees: 1. ...

Indian economy projected to grow between 6-6.8% in FY24; private capex necessary for job creation: Economic Survey 2023

The pre-budget Economic Survey 2023 released on Tuesday projects India’s gross domestic product (GDP) will grow 6-6.8% in the financial year 2023-24, the slowest since 2021-2022. In its first advance estimate, the Survey has projected a GDP growth of 7% for FY23, ahead of the Reserve Bank of India’s projection of 6.8%. “The optimistic growth forecasts stem from a number of positives like the rebound of private consumption giving a boost to...

Zerodha founder Nikhil Kamath is unhappy with Microsoft Teams; here's why

Remote work practices are here to stay for many companies, both big and small. The demand for video conferencing platforms like Microsoft Teams has only increased in the past three years

7 life lessons that LAYOFFS taught us

One thing that has continued into 2023 is layoffs. Over the past few months, companies worldwide have laid off thousands of employees as part of cost-cutting measures. While some are taking to social media to share their ordeals, others are busy hunting for jobs and forwarding their CVs. Dealing with such a difficult time is hard. But, just as any ...

makeO appoints Japan Doshi as its chief product and technology officer

Doshi is expected to better the company's tech platform and execute its vision while being a natural organisational fit

Shark Tank India-2 fame Snitch partner BharatX for BNPL services

As part of this partnership, the ‘SnitchPay’ feature will enable the customers to pay for their purchases in three installments, thereby eliminating the need to pay the entire amount at once.

Nothing Phone (2) Could First Debut In US And Then Global Market; Here's Why

In an interview, Carl Pei, the Chief Executive Officer of Nothing, a British technology business, stated that the brand will be focused more on the US audience than other nations, hinting that the Nothing Phone 2 would be launched first in the US and then in the global markets. The Nothing Phone 2 could reportedly make an entry in late 2023 as the successor of the company's first phone, the Nothing 1 which gained a tremendous response in the...

US Fed Rate Hike – Meeting date, timings and latest update for investors

The Fed is anticipated to maintain rates until inflation is under control and falls within the target range of 2%.

Union Budget 2023-24: How Can Android, iOS Users Download Union Budget Mobile App From| Step By Step Guide Here

The budget documents will be available on the "Union Budget Mobile App" on both the Android and iOS platforms after the completion of the budget speech by Sitharaman.

Tax Brackets frozen in 2013 means you’re paying excess taxes today – Here’s how much

The highest marginal rate of income tax is 30% with applicable surcharge and cess. But since tax brackets are frozen in 2013, anyone in the 30% bracket is essentially paying a 42% to 50% slab rate.

Jio announces True 5G roll-out in 34 more cities, check the list of cities here

Reliance Jio, today, announced the launch of its True 5G services across 34 additional cities, via an exchange filing. With this, Jio users across 225 cities are now enjoying Jio True 5G services. Reliance Jio has become the first and the only operator to launch 5G services in most of these cities. Jio users in these cities will be invited to the J...

Boeing bids farewell to an icon, delivers last 747 jumbo jet

Boeing bid farewell to the giant yet graceful 747 jet. Atlas Air ordered four 747-8 freighters early last year, with the final one leaving the factory Tuesday.

G20 Presidency is India's opportunity to prep for sustainable and climate finance

Key enablers that India needs to showcase are our MSME, our experience in democratisation of digitalisation, scalability of IT-enabled platforms, where we can play a lead role in the sustainability transitions for the developing world.

Boeing to add new 737 Max production line; details here

Boing has announced that it is planning to add a fourth 737 Max production line in the second half of 2024. The move is in line with the aircraft manufacturer’s aims to achieve higher output of its best-selling plane, as told by an executive to CNBC. Boeing will set up the new line in its Everett factory in Washington. The company has been reworkin...

Adani Enterprises FPO Fully Subscribed On Final Day, QIB Portion Booked 97%

However, the retail investors have bid only 11 per cent of the shares set aside for them as the stock price slid below the FPO price band.

Budget 2023: What Changes Do Logistics & Supply Chain Industries Expect? Softlink Global Founder Responds

We will see more cloud-based systems & integrations among Indian logistics suppliers. More SMEs will move towards this, pushing the industry altogether to cloud-based systems & integration: Amit Maheshwari, Founder, and MD of Softlink Global.