Hot US inflation report stops Wall Street stocks rebound
US wholesale prices saw a larger-than-expected increase on Friday, causing concerns about the timing of interest rate cuts and halting Wall Street’s recent rebound. This […]
Day: February 16, 2024
Ethiopia to set up large data centre amid reported bitcoin mining surge
Ethiopia’s strategic investment arm, Ethiopian Investment Holdings (EIH), has signed a preliminary agreement with a subsidiary of Hong Kong-based West Data Group to develop infrastructure […]
India has great growth potential, will find another opportunity post Zee merger collapse: Sony
Sony will explore alternative options in India after the termination of its merger plans with Zee. Hiroki Totoki, President, COO & CFO of Sony, stated […]
Nike plans to cut about 2% jobs
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Sundaram Home Finance eyes doubling disbursements in Maharashtra
Sundaram Home Finance has opened its new branch in Navi Mumbai, as the subsidiary of Sundaram Finance Ltd aims to double its disbursements made in […]
Bull run in PSU shares faces earnings risk
Ruchit Jain advises caution in betting on a broad rally in India’s state-owned firms. Recent earnings of SJVN Ltd and Rail Vikas Nigam Ltd offer […]
Cognizant headcount declines by 7,600 to 3.4 lakh
Cognizant’s headcount decreased by 7,600 employees to 3.4 lakh employees in 2023. The company saw reductions in India and onsite. It expects costs due to […]
RBI governor Shaktikanta Das pitches India’s policy response as a template
RBI governor Das recommends the Indian strategy to address inflation, citing risk of sovereign indebtedness and financial instability. India’s policy response can serve as a […]
RBI flags business credit card violations by fintech companies
A day after the RBI instructed payment networks Visa and Mastercard to stop enabling business credit card issuances by fintech aggregators, the central bank stated […]