Tag Archives: Business

[ad_1] NEW DELHI: Investors witnessed an erosion of wealth of Rs 5.82 lakh crore in companies listed on the BSE on Monday, registering a strong sell-off in the market, with the benchmark sensex falling more than 2,002 points. The BSE barometer sank 2,002.27 points or 5.94 percent to close at …

[ad_1] Amazon said Friday that the biggest impact it faced due to the Covid-19 pandemic was in India. During the company’s earnings call on Friday, Brian T. Olsavsky, Amazon’s senior vice president and chief financial officer, said the e-commerce company was only delivering essential goods, such as groceries, cutting many …

[ad_1] After increasing over the past few weeks, the country’s foreign exchange reserves decreased from $ 113 million to $ 479.45 billion in the week to April 24, due to a drop in foreign currency assets, according to the latest data from the Bank of the Reserve of India. In …

[ad_1] According to business leaders and experts, the new strategies companies are introducing will not bring life back to normal. Instead, they say the crisis could permanently change the way we work, shop, and manage our businesses. “This is the new normal,” said Alain Benichou, CEO of IBM China. “There …

[ad_1] NEW DELHI: Investor wealth rose Rs 7.68 lakh crore in four days of market recovery, with the sensex rising 997 points on Thursday. Climbing for the fourth consecutive session, the 30-share BSE sensex set 997.46 points, or 3.05 percent, highest at 33,717.62. During the holiday shortened week, the sensex …

[ad_1] BENGALURU: PhonePe, the payments unit of the Flipkart group, received a capital injection of about Rs 1.3 billion from its parent entity Flipkart, based in Singapore, according to Paper.vc, a business intelligence firm. The capital infusion, which took place in two tranches, comes at a time when most companies …

[ad_1] BENGALURU: India’s information technology services industry would see hiring frozen this year and senior staff would take a 20-25 percent pay cut due to the adverse impact of the COVID-19 pandemic, says the veteran of IT industry TV Mohandas Pai. Former Chief Financial Officer for IT services, Infosys Ltd, …

[ad_1] BENGALURU: New WhatsApp restrictions to curb the flow of highly forwarded messages have shown quick results. The new restrictions, which were implemented earlier this month, have caused a 70% drop in the number of “highly forwarded messages” sent to the platform. On April 7, the company had said that …

[ad_1] By Siddhartha Singh India is considering a proposal to guarantee up to Rs 3 trillion ($ 39 billion) of loans to small businesses as part of a plan to restart Asia’s third-largest economy, which is teetering under the impact of a 40-day blockade. , people with knowledge of the …

[ad_1] By Siddhartha Singh India is considering a proposal to guarantee up to Rs 3 trillion ($ 39 billion) of loans to small businesses as part of a plan to restart Asia’s third-largest economy, which is teetering under the impact of a 40-day blockade. , people with knowledge of the …