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Elon Musk plans to eliminate 3,700 jobs at Twitter to cut costs: Reports

Musk also intends to reverse the company's existing work-from-anywhere policy, asking remaining employees to report to offices -- though some exceptions could be made, the people said

Elon Musk plans to eliminate 3,700 jobs at Twitter to cut costs: Reports
Updated On : 03 Nov 2022 | 11:35 PM IST

Iphone supply chain hit by Xi Jinping's stringent Coronavirus curbs

The abrupt move is expected to disrupt a factory already grappling with an outcry over an on-site coronavirus outbreak, worker exodus and enforced quarantine

Iphone supply chain hit by Xi Jinping's stringent Coronavirus curbs
Updated On : 03 Nov 2022 | 7:52 AM IST

Elon Musk aims to start charging for Twitter verification from next week

The badges will be part of an $8-a-month subscription that could go live as early as Monday, according to people familiar with the plans.

Elon Musk aims to start charging for Twitter verification from next week
Updated On : 03 Nov 2022 | 7:35 AM IST

Bankers take to streets with megaphones, enlist grocers to lure customers

Rising loan demand from companies and consumers has pushed annual credit growth to a decade high of 17.95% as of October, compared to a five-year average of 9.7%

Bankers take to streets with megaphones, enlist grocers to lure customers
Updated On : 03 Nov 2022 | 7:31 AM IST

How a mysterious screenshot spurred $450-billion rally in China

The screenshot claimed that China's No. 4 official, Wang Huning, held a meeting on Sunday of Covid-19 experts at the request of President Xi Jinping

How a mysterious screenshot spurred $450-billion rally in China
Updated On : 03 Nov 2022 | 1:30 AM IST

India considers capital infusion, merger of loss-making lender IFCI

IFCI has reported annual losses for at least four straight years to March 31, 2022 and has lost more than 17% of market capitalization in the past year

India considers capital infusion, merger of loss-making lender IFCI
Updated On : 03 Nov 2022 | 12:17 AM IST

Fed hikes rate again by 75 basis points, hints at entering end phase

On Wednesday, US Fedral Bank increased repo rate by 75 basis points, taking the key repo rate to 4 per cent

Fed hikes rate again by 75 basis points, hints at entering end phase
Updated On : 02 Nov 2022 | 11:45 PM IST

China orders seven-day lockdown in area around world's largest iPhone plant

The abrupt action reflects Beijing's Covid Zero approach to stamping out outbreaks, and is likely to further disrupt Foxconn's main operations base.

China orders seven-day lockdown in area around world's largest iPhone plant
Updated On : 02 Nov 2022 | 10:56 PM IST

Rohan Murty wants to use data to make white-collar workers more efficient

The startup, based both in Boston and Bangalore, gets a real-time view of how people in teams get work done by using machine learning

Rohan Murty wants to use data to make white-collar workers more efficient
Updated On : 02 Nov 2022 | 9:58 AM IST

America's best restaurant Chai Pani pays homage to India's fave snack food

Very few Indians know their favorite snack has an American connection, and it's a safe bet that even fewer Americans know their country's contribution to Indian street food

America's best restaurant Chai Pani pays homage to India's fave snack food
Updated On : 02 Nov 2022 | 9:40 AM IST

Twitter global sales VP leaves company after Elon Musk's takeover

Musk, who acquired the company for $44 billion last week, is moving swiftly to thin the executive ranks as he looks to reshape the company to conform with his own vision.

Twitter global sales VP leaves company after Elon Musk's takeover
Updated On : 02 Nov 2022 | 8:21 AM IST

As China-US ties worsen, Hong Kong bankers fear for their careers

The defiant tone President Xi Jinping took toward the US got those hardworking financiers scared.

As China-US ties worsen, Hong Kong bankers fear for their careers
Updated On : 02 Nov 2022 | 8:03 AM IST

Genetically modified mustard seeds may fix India's cooking oil imbalance

New Delhi has given environmental clearance to a genetically modified mustard crop, which promises to boost yields by as much as 28%

Genetically modified mustard seeds may fix India's cooking oil imbalance
Updated On : 02 Nov 2022 | 7:49 AM IST

Credit Suisse is not for the sale, says chairman Axel Lehmann

With its share price slumping by more than half this year, the 166-year-old institution has been vulnerable to rumors of takeover bids and concerns over its stability

Credit Suisse is not for the sale, says chairman Axel Lehmann
Updated On : 02 Nov 2022 | 12:59 AM IST

'It is unacceptable': Investors react to 40-minute Toronto Exchange Outage

A 40-minute outage across three stock exchanges stalled equity trading in Canada, leaving some investors frustrated and others refusing to place orders even after it reopened.

'It is unacceptable': Investors react to 40-minute Toronto Exchange Outage
Updated On : 01 Nov 2022 | 11:36 PM IST

Tata Group plans to add up to 45,000 workers at iPhone parts plant

The plant in the industrial town of Hosur, in Tamil Nadu state, will hire as many as 45,000 women workers within 18 to 24 months as it sets up new production lines

Tata Group plans to add up to 45,000 workers at iPhone parts plant
Updated On : 01 Nov 2022 | 11:14 PM IST

A chapter ends: Penguin merger with Simon & Schuster stalled

The win in the book publisher case comes after DoJ's antitrust lawyers lost three challenges in a row, though some of those cases are now being appealed

A chapter ends: Penguin merger with Simon & Schuster stalled
Updated On : 01 Nov 2022 | 11:08 PM IST

China stocks roar back on reopening 'rumours'; oil price rises 1%

A gauge of Chinese stocks listed in Hong Kong surged almost 7 per cent intraday, rebounding from its lowest close since late 2005

China stocks roar back on reopening 'rumours'; oil price rises 1%
Updated On : 01 Nov 2022 | 10:48 PM IST

Reserve Bank starts pilot digital currency program for select banks

Banks traded Rs 275 crore ($33.3 million) of bonds on the first day using the new form of currency, data showed

Reserve Bank starts pilot digital currency program for select banks
Updated On : 01 Nov 2022 | 6:17 PM IST

China's property debt crisis enters new phase as bond havens crumble

China's property debt crisis is entering a new phase as even developers that had long been considered safer rapidly tumble into distress

China's property debt crisis enters new phase as bond havens crumble
Updated On : 01 Nov 2022 | 4:57 PM IST