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Page 419 - Bloomberg

In an open letter to Pichai, Google staff asks for better handling of cuts

In an open letter addressed to Chief Executive Officer Sundar Pichai, employees made a series of demands of the company, including freezing new hires, seeking voluntary redundancies

In an open letter to Pichai, Google staff asks for better handling of cuts
Updated On : 23 Mar 2023 | 11:53 PM IST

Tata Group planning to inject $2 billion into its super-app Tata Neu

Tata Neu allows users to buy groceries and gadgets as well as reserve airplane tickets and restaurants from brands under Tata

Tata Group planning to inject $2 billion into its super-app Tata Neu
Updated On : 23 Mar 2023 | 11:14 PM IST

Stepping up its ambitions, Apple eyes English football streaming rights

Such a move would build on Apple's recent expansion into live sports in the US, where it forged a $2.5 billion 10-year deal with Major League Soccer to show games on its TV+ platform

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Updated On : 23 Mar 2023 | 4:51 PM IST

Anil Agarwal weighing Vedanta stake sale as last resort, says report

Agarwal is evaluating the possibility of divesting a less than 5% stake in the Mumbai-listed company, said the people, who asked not to be identified as the information is private

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Updated On : 23 Mar 2023 | 11:50 AM IST

TikTok CEO Shou Chew set to enter a Washington fight he can't win

The mobile app's 150 million users in the US and the strength of its content-recommendation engine mean any infraction is viewed as a potential societal threat

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Updated On : 23 Mar 2023 | 8:59 AM IST

US not considering 'blanket' bank deposit insurance: Treasury Secy Yellen

Yellen has earlier said that the US is prepared to take further actions to protect depositors if smaller lenders are threatened

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Updated On : 23 Mar 2023 | 8:45 AM IST

Venture capitalists ask startups to keep money with new SVB amid crisis

High-profile investors have voiced their support for Silicon Valley Bank. In an interview with Bloomberg Television, investor Vinod Khosla said he was encouraging companies to keep funds with the bank

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Updated On : 23 Mar 2023 | 8:27 AM IST

First Republic Bank's rating downgraded to 'B' by Fitch amid cash crunch

The bank is currently operating at a loss and that is not sustainable over the longer term absent a balance sheet restructuring, they said

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Updated On : 23 Mar 2023 | 7:59 AM IST

China Evergrande's EV unit likely to shut down without new funding

The company said it is seeking to cut costs by reducing staff numbers and improving management efficiency. However, "in face of the inability to obtain additional liquidity

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Updated On : 23 Mar 2023 | 7:44 AM IST

Another report coming soon, says US short-seller Hindenburg Research

The latest tweet by the New York-based research firm didn't provide any specifics on the timing of the next report's release, or what it intends to say

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Updated On : 23 Mar 2023 | 7:33 AM IST

PM Modi's green dream at risk as Indian renewables hit by headwinds

Energy transition investments in India already lag behind other major nations, and now the cost of capital is increasing as global interest rates rise

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Updated On : 23 Mar 2023 | 7:33 AM IST

Starbucks Union to greet its new CEO Laxman Narasimhan with 100-cafe strike

The work stoppage comes one day before Starbucks's annual shareholder meeting, the first for new CEO Laxman Narasimhan, who officially took the reins from Howard Schultz this week

Starbucks Union to greet its new CEO Laxman Narasimhan with 100-cafe strike
Updated On : 23 Mar 2023 | 12:42 AM IST

Spotify has spent less than 10% of its $100 million diversity fund

The initiative got off to a slow start hiring staff and has suffered from shifting priorities, according to people familiar with the effort

Spotify has spent less than 10% of its $100 million diversity fund
Updated On : 22 Mar 2023 | 10:14 PM IST

UBS is buying Credit Suisse's greenhouse emissions burden too: Report

Just as UBS is sorting through Credit Suisse's assets, properties and personnel, it's also taking on its former rival's carbon emissions

UBS is buying Credit Suisse's greenhouse emissions burden too: Report
Updated On : 22 Mar 2023 | 9:33 PM IST

Hindustan Zinc's $1.3 bn dividend plan raises concerns over cash use

The Rajasthan-based miner will pay an interim dividend of 26 rupees per share totaling 109.9 billion rupees, according to an exchange filing Tuesday

Hindustan Zinc's $1.3 bn dividend plan raises concerns over cash use
Updated On : 22 Mar 2023 | 12:56 PM IST

Who are the owners of the risky, worthless Credit Suisse's AT1 bonds?

Big money managers such as Pacific Investment Management Co. and Invesco Ltd. are among the largest holders, owning around $807 million and $370 million, respectively

Who are the owners of the risky, worthless Credit Suisse's AT1 bonds?
Updated On : 22 Mar 2023 | 12:48 PM IST

China's Xi aligns with Putin against US, but hesitates on big gas deal

Xi saw an opportunity to push back at the US and buttress his image as a global statesman after helping to broker a Saudi-Iran deal, while Putin can show he has the support

China's Xi aligns with Putin against US, but hesitates on big gas deal
Updated On : 22 Mar 2023 | 12:29 PM IST

Bitcoin set to extend its 70% surge this year if key charts are right

Some analysts argue the token is being viewed as a hedge against the woes in the US and European banking sectors and benefiting from expectations of looser monetary policy

Bitcoin set to extend its 70% surge this year if key charts are right
Updated On : 22 Mar 2023 | 11:00 AM IST

How Vartika Shukla, the first female leader at EIL, is plotting change

Shukla, who's worked for the company for more than three decades, is attempting to change its profile, branching out from construction of fossil-fuel plants into new areas

How Vartika Shukla, the first female leader at EIL, is plotting change
Updated On : 22 Mar 2023 | 8:34 AM IST

Ukraine clinches $15.6 billion IMF loan, a first for nation at war

The program will be divided into two phases. In the first, lasting 12-18 months, Ukraine will take measures to strengthen fiscal, external, price and financial stability

Ukraine clinches $15.6 billion IMF loan, a first for nation at war
Updated On : 22 Mar 2023 | 8:33 AM IST