Category: Business
World’s richest lost a combined $10 trillion in 2022: Report
The world’s richest people, dubbed as ‘ultra-high net worth individuals’ (UHNWIs) have shed a cumulative wealth of $10 trillion or 10% from their net worth…
Adani Group secures $3 billion loan from sovereign wealth fund: Report
India’s Adani Group has told creditors it has secured a $3 billion loan from a sovereign wealth fund, two sources with knowledge of the matter…
Closing bell: Sensex jumps 449 points to 59,411, Nifty in green at 17,451
Stock market benchmarks ended nearly 1 per cent higher on Wednesday, halting their eight days of decline, amid gains in Asian and European equity exchanges….
Axis Bank takes over Citibank’s ops in India. How are Citi customers affected?
Mumbai-headquartered Axis Bank announced on Wednesday it has completed the acquisition of Citigroup’s India consumer business from Citibank NA, at an overall consideration of ₹11,603…
General Motors cutting hundreds of jobs to reduce costs: Report
General Motors is cutting hundreds of executive-level and salaried jobs as it looks to cut costs and streamline operations, a person briefed on the matter…
Petrol, diesel prices today, March 1: Check latest fuel rates in your city
Petrol and diesel prices continued their nine month-long trend of remaining steady in India. One litre of petrol in the national capital of Delhi is…
Domestic, commercial LPG cylinder prices hiked in Delhi. Check latest rates
Domestic LPG cylinders have become dearer by ₹50 in Delhi from Wednesday as per digital finance portal Goodreturns. Costing ₹1,053 earlier, non-subsidised (14.2 kg) cylinders…
Eventbrite Inc to slash its workforce and move 30% job roles to India, Spain
Eventbrite Inc said on Tuesday it will eliminate about 8% of the company’s workforce, as the ticketing service provider looks to cut costs amid worries…
India’s Q3 GDP growth 4.4% amid slew of revisions
The Indian economy grew at a lower-than-expected 4.4% in the October-December 2022 quarter on the back of a contraction in manufacturing and low growth in…
7% GDP forecast for current fiscal ‘very realistic’: Chief Economic Advisor
Chief Economic Advisor V Anantha Nageswaran on Tuesday said high frequency data indicate buoyant economic growth momentum and the 7 per cent GDP growth estimate…