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-
'Malware attacks on mobile surged in six months'
Malware attacks on mobile devices in India increased by more than nine-fold between October 2020 and March 2021 period, cyber security firm Check Point Technologies said on Wednesday. -
HDFC Bank plans to raise Rs 50k crore through bonds
HDFC Bank on Wednesday said it is planning to raise up Rs 50,000 crore during the next 12 months through issuing bonds. The bank's board of directors will take up the proposal at its meeting on April 17, it said in a regulatory filing. -
Elon Musk's SpaceX raises $1.16bn in equity financing
Billionaire Elon Musk's SpaceX has raised about $1.16 billion in equity financing over the last two months, the private rocket company said in an amended regulatory filing on Wednesday. -
Niti Aayog inks pact with Dassault Systemes Foundation to support entrepreneurs
The AIM’s Atal Tinkering Labs (ATLs) has played a pivotal role in fostering creativity and imagination amongst schoolchildren, and Dassault Systemes Foundation will contribute to ATL in three broad areas—project-based, self-paced learning content; hackathons and challenges; and inter-country academia collaborations. -
88% Indian CEOs confident on global economic improvement in a year: PWC
According to the PWC’s 24th Global CEO Survey, 88% of India CEOs are confident about global economic growth improving over the next 12 months, while 70% are confident about their revenue growth in the same period. -
'Hiring to grow by 7% in Apr-June if no lockdowns'
The intent to hire in the current quarter is likely to rise by 7 per cent over the previous three months if further lockdowns and workplace operating rules are not enforced, mainly driven by demand in healthcare, pharmaceuticals, educational services, ecommerce and technology start-ups and IT, according to a report. -
Tata Motors global wholesales rise 43% in Q4
Tata Motors on Wednesday said its group's global wholesales, including Jaguar Land Rover, increased 43 per cent to 3,30,125 units in the fourth quarter of 2020-21 fiscal. -
Fitch to wait until next year to make final Covid judgments
Credit rating agency Fitch says is it likely to wait until next year before making final judgment calls on many of the countries still on downgrade warnings due to the Covid-19 crisis. -
Coinbase soars in market debut, valued near $100 billion
Coinbase made a rousing debut on Wall Street, with the digital currency exchange's first trade of $381 giving it a market value of $100 billion. The company's listing on a public stock exchange is seen by some as an inflection point for digital currencies, as Coinbase's fortunes are closely tied to Bitcoin, the most popular cryptocurrency. -
What is a global minimum tax: Here's an explainer
US Treasury secretary Janet Yellen has thrown the weight of the US government behind a push for a global corporate minimum tax rate, possibly carving a path to a long-sought deal updating international tax rules for the first time in a generation. -
'Malware attacks on mobile devices in India surged over past six months'
Malware attacks on mobile devices in India increased by more than nine-fold between October 2020 and March 2021 period, cyber security firm Check Point Technologies said on Wednesday. -
HDFC Bank plans to raise Rs 50,000 crore through bonds
HDFC Bank on Wednesday said it is planning to raise up Rs 50,000 crore during the next 12 months through issuing bonds. The bank's board of directors will take up the proposal at its meeting on April 17, it said in a regulatory filing. -
Coinbase is here: A cryptocurrency exchange goes public
Wall Street is still waiting on the first trade for Coinbase, as the digital currency exchange makes its highly-anticipated debut on the stock market. Coinbase Global Inc is making its initial public offering of stock Wednesday with cryptocurrency chatter seemingly everywhere, even at the US Federal Reserve. -
SpiceJet, GoAir decide not to carry Vivo's shipments as smartphones caught fire at Hong Kong airport
SpiceJet and GoAir have decided not to carry any shipments of Vivo after a consignment of the Chinese company's smartphones caught fire at the Hong Kong airport's tarmac on Sunday. -
Elon Musk's SpaceX raises $1.16 billion in equity financing
Billionaire Elon Musk's SpaceX has raised about $1.16 billion in equity financing over the last two months, the private rocket company said in an amended regulatory filing on Wednesday. -
59% firms intend to give salary increments in 2021 despite COVID-19 pandemic woes: Survey
According to staffing company Genius Consultants '10th Hiring, Attrition and Compensation Trend 2021-22', with this impressive growth rate, the market is expected to be stable, and the companies will also relook at their business continuity strategy along with strengthening the workforce. -
What is a global minimum tax and how could it affect companies, countries: Here's an explainer
US Treasury secretary Janet Yellen has thrown the weight of the US government behind a push for a global corporate minimum tax rate, possibly carving a path to a long-sought deal updating international tax rules for the first time in a generation. -
'Hiring to grow by 7% in Apr-June if further lockdowns not imposed'
The intent to hire in the current quarter is likely to rise by 7 per cent over the previous three months if further lockdowns and workplace operating rules are not enforced, mainly driven by demand in healthcare, pharmaceuticals, educational services, ecommerce and technology start-ups and IT, according to a report. -
Airtel rejigs corp structure to sharpen focus on digital
Bharti Airtel on Wednesday announced a new corporate structure to sharpen the company's focus on driving the rapidly-unfolding digital opportunities while enabling it to unlock value. -
Ma’s double-whammy marks end of China tech’s golden age
The full implications of Beijing’s rapid-fire moves against Jack Ma’s internet empire in recent days won’t be apparent for weeks, but one lesson is already clear: The glory days for China’s technology giants are over. -
Infosys announces Rs 9,200 crore share buyback
India's software services company Infosys posted a 17.5% jump in quarterly net profit on Wednesday, lifted by large contract wins as the Covid-19 pandemic drove digitisation efforts in multiple sectors. -
Hiring to grow by 7% in April-June if further lockdowns not imposed: Report
The intent to hire in the current quarter is likely to rise by 7 per cent over the previous three months if further lockdowns and workplace operating rules are not enforced, mainly driven by demand in healthcare, pharmaceuticals, educational services, ecommerce and technology start-ups and IT, according to a report. -
Cos in India look to fill open roles internally: Report
The country's competitive talent market is fuelling a significant internal shifts within the organisation as 93 per cent of the companies polled in India said they are looking to fill open roles internally in the post-Covid-19 era, according to a report. -
Most companies in India look to fill open roles internally: Report
The country's competitive talent market is fuelling a significant internal shifts within the organisation as 93 per cent of the companies polled in India said they are looking to fill open roles internally in the post-Covid-19 era, according to a report. -
Infosys Q4 profit rises 17.5%; announces Rs 9,200 crore share buyback
India's software services company Infosys posted a 17.5% jump in quarterly net profit on Wednesday, lifted by large contract wins as the Covid-19 pandemic drove digitisation efforts in multiple sectors. -
Infosys net profit rises 17.5 pc to Rs 5,076 crore in March quarter
The company announced up to Rs 9,200 crore buyback offer at a maximum price of Rs 1,750 per share. -
Infosys profit rises 17.5% in Q4; announces Rs 9,200 crore share buyback
India's software services company Infosys posted a 17.5% jump in quarterly net profit on Wednesday, lifted by large contract wins as the Covid-19 pandemic drove digitisation efforts in multiple sectors. -
TikTok’s founder net worth soars to $60 billion, becomes one of the richest men in the world
Overall, the revenue of ByteDance grew 2x last year after the company expanded its play into areas such as ecommerce and online gaming. -
'Toshiba CEO faced board ouster before $20bn buyout offer'
Toshiba board members planned to oust CEO Nobuaki Kurumatani before CVC Capital Partners launched a $20 billion buyout bid last week, telling him the day before the offer was announced they would replace him, people familiar with the matter said. -
Jack Ma’s double-whammy marks end of China tech’s golden age
The full implications of Beijing’s rapid-fire moves against Jack Ma’s internet empire in recent days won’t be apparent for weeks, but one lesson is already clear: The glory days for China’s technology giants are over. -
Amazon moves SC against order restraining Future-RIL deal
Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi high court order which stayed a single judge's order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business. -
Walmart-owned e-tailer Flipkart set to acquire Cleartrip in distress sale
Walmart-owned e-tailer Flipkart set to acquire Cleartrip in distress sale -
Palm oil imports rise 57% in March, says trade body
India's palm oil imports in March jumped 57% year on year as refiners increased purchases of the tropical oil to reduce expensive sunflower oil imports, a trade body said on Wednesday. -
Oberoi Group ties up with EESL to cut carbon footprint
The Oberoi Group has tied up with Energy Efficiency Services Limited (EESL), a JV of Union power ministry’s four PSUs, to implement initiatives including clean energy systems across its properties. -
2021 Skoda Kodiaq facelift unveiled, boasts of refreshed interiors and exteriors
The 2021 Kodiaq comes in multiple variants, including Style, Ambition, Sportline, L&K and RS. Buyers will get the option of selecting petrol or diesel variants on most of the models. -
Fundraising via public issues more than doubled in FY21
The finance ministry on Wednesday said fundraising through public and rights issues surged 115 per cent and 15 per cent, respectively, in 2020-21 despite the uncertainty due to the Covid-19 pandemic. -
Lockdowns to shave $1.25bn a week off economy
Amid surging pandemic cases forcing many states to curb mobility and businesses, a report has said these localised lockdowns in key economic hubs can cost the economy an average of $1.25 billion each week and may shave off 140 bps from the Q1 nominal GDP. -
TikTok founder's fortune places him among world's richest
Just last year, the world’s most valuable startup, ByteDance Ltd, was being squeezed from all sides. The Donald Trump administration wanted the Chinese firm, which owns the ubiquitous TikTok video-sharing platform, to get rid of assets. -
Mandatory gold hallmarking from June 1: Five quick points on what it means for you
India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. In volume terms, the country imports 700-800 tonne of gold annually. -
Good news! Uber Pledges free rides to amp up Covid-19 vaccination drive in Delhi NCR
A user needs to enter a redeemable promo code '10M21V' to get a free ride to the vaccination hub in a safer and easier way. -
7th Pay Commission latest updates on DA, DR hike: DA to increase from 17% to 28%, also check fitment factor
According to the All India Consumer Price Index (AICPI) data release, between January and June 2021, at least DA can be increased by 4 percent. -
Egypt 'seizes' Suez megaship, demands $1bn compensation
The megaship which blocked Egypt's Suez Canal and crippled world trade for nearly a week has been "seized" on court orders until the vessel's owners pay $900 million, canal authorities said on Tuesday. -
Gold Price Today, 14 April 2021: Gold and silver prices getting expensive, check rates in your city
Gold futures for June delivery on MCX on Tuesday closed at Rs 46,964, logging a gain of Rs 545 per 10 grams. -
Flipkart set to acquire Cleartrip for USD 40 million in distress sale: Reports
As per several financial daily reports, Flipkart-Cleartrip deal may be sealed in the next 10 days. -
TCS to pay Rs 5,550 crore dividend in FY22
Tata Consultancy Services (TCS) will dole out a Rs 5,550-crore dividend, of which more than 70% will go to its largest shareholder Tata Sons. The dividend income from TCS will add to the kitty of the parent Tata Sons, which is preparing to submit a financial bid for the divestment-bound Air India and building new digital businesses in the wake of coronavirus. -
Flipkart set to acquire Cleartrip in a distress sale: Reports
As per several financial daily reports, Flipkart-Cleartrip deal may be sealed in the next 10 days. -
BSE, NSE to remain closed today on account of Babasaheb Ambedkar Jayanti
Stock markets regained footing on Tuesday after the previous session's massive selloff, tracking renewed buying interest in financial, bank and auto counters amid firm global cues. -
Amid second Covid-19 wave, Indian airlines seek financial package from Centre
In an important meeting of airline companies with the Secretary of the Ministry of Civil Aviation (MoCA) on Monday, most flight operators demanded financial assistance package from the government to deal with the second Covid wave." -
Air India sale: Govt begins process for inviting financial bids, deal to conclude by September
Salt-to-software conglomerate Tata Group was among the "multiple" entities that had put in preliminary bids for buying loss-making Air India in December last year. -
E-tailers fret over Maha’s ‘essential’ products rule
It’s deja vu for ecommerce platforms in Maharashtra. The state’s decision to allow e-commerce deliveries only for essential products has triggered concerns among e-tailers over challenges of following the guidelines.
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