Category: Business

Credit Suisse signage on the floor of the New York Stock Exchange (NYSE) in New York, US.(Bloomberg)
Posted in Business

Credit Suisse rescue sends relief, but First Republic shares slump continues

Shares of U.S. lender First Republic tumbled nearly 50% on Monday on fears it will need a second rescue to stay afloat, bucking a broader…

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One gram of 24k gold is priced at <span class=
Posted in Business

Gold price declines ₹500, silver slumps ₹1: Check latest prices

Gold prices in India witnessed a decline of ₹50 with a gram of 22 carat gold costing ₹5,480 compared to ₹5,530 on Monday, according to…

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Laxman Narasimhan
Posted in Business

Indian-origin Laxman Narasimhan takes over as Starbucks CEO

Indian-origin executive Laxman Narasimhan on Monday officially assumed the role of Chief Executive Officer of global coffee giant Starbucks, joining the growing cohort of business…

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A fall in international crude prices has come at an opportune time with India’s retail inflation above the central bank’s upper tolerance limit of 6% for two consecutive months – January (6.52%) and February (6.44%).(AP)
Posted in Business

Oil companies breathe easy as global prices dip

The average international diesel price – used as the benchmark for domestic pump prices – has fallen sharply by 41% from a peak of $170.92…

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Google CEO Sundar Pichai. (Reuters)
Posted in Business

What Google employees told Sundar Pichai after mass layoffs

Google employees, miffed with the way the company handled its recent mass layoffs, have penned an open letter to CEO Sundar Pichai chalking out five…

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Reserve Bank of India (RBI) said the penalty on RBL Bank has been imposed for non-compliance with certain provisions. (File)
Posted in Business

RBI slaps ₹2.27 crore fine on RBL Bank for rule violations

The Reserve Bank of India on Monday said it has imposed a penalty of ₹2.27 crore on RBL Bank Ltd for non-compliance with norms related…

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Amazon CEO Andy Jassy. (AP)
Posted in Business

Amazon to cut 9,000 more jobs in fresh layoff round: Report

Reuters | | Posted by Ritu Maria Johny Amazon.com Inc said on Monday it would cut 9,000 jobs, making it the latest Big Tech company…

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Penalties range from Rs.1,000 to Rs.10,000 if their returns are filed after the due date. (Representative Image)
Posted in Business

Income tax return: You should avoid these errors while filing ITR

Income Tax Returns (ITRs), are forms used to declare net tax liability, claim tax deductions, and report gross taxable income. Individuals and entities whose income…

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British Prime Minister Rishi Sunak.(REUTERS)
Posted in Business

UK PM Sunak trusts UK Banking system safe despite Credit Suisse collapse

Prime Minister Rishi Sunak believes the UK’s banking system remains safe from contagion in the wake of the collapse of Swiss giant Credit Suisse. British…

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The move comes after the UIDAI implemented the scheme of assigning Aadhaar numbers along with birth certificates. (HT Photo)
Posted in Business

Aadhaar deactivation for a deceased person soon: Report

The Unique Identification Authority of India (UIDAI) and the Registrar General of India will soon roll out a mechanism to deactivate a deceased person’s Aadhaar…

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