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Blue-collar worker app Apna becomes a unicorn in under two years

Apna helps bottom-of-the-pyramid job seekers with setting up simple profiles requiring only their name, age and skills.

India's lagging automobile stocks face risk of festival season fizzle

Below-normal monsoon rains that have impacted rural demand and the risk of an impending third coronavirus wave are posing a challenge for Indian vehicle makers

Fund managers sour on stocks have nowhere else to go, says BofA

The outlook for global growth and profits in September slumped to the lowest in more than a year, according to the survey conducted September 3 to September 9

Treasury Secretary Janet Yellen agenda bogs down with key posts unfilled

The staffing shortfall has left Yellen's team frustrated with over-stretched portfolios, hurting morale as work to develop and enact policies becomes more difficult

Macau's gaming stocks see $18 bn wipeout as China tightens grip

Officials in the enclave, the only place in China where gambling is legal, said they would begin a 45-day public consultation period on Sept. 15 to discuss the legal revisions

Microsoft plans $60-billion buyback; Brad Smith appointed vice chair

The company's recent resurgence has given it a market value north of $2.2 trillion, making it the second-most valuable publicly traded company after a 35% rise in its shares over 2021

Pfizer says booster shots of vaccine restore waning immunity

No new unexpected side effects were identified from safety data associated with boosters in the final-stage study

Govt seeks $109-bn valuation for LIC's mega IPO: Report

Modi govt is pushing ahead with LIC's IPO to help plug a widening budget gap as it aims to raise Rs 1.75 trillion by March through divestments

China stocks battered by economic data, Evergrande non-payment

The Hang Seng China Enterprises Index, which tracks Hong Kong-listed Chinese shares, dropped as much as 1.9%, taking declines to a third day.

Risk of future pandemics rises as thousands of Covid-like cases go untraced

An average of 400,000 such infections occur each year, most going unrecognized because they cause mild or no symptoms and aren't easily transmitted between people, researchers said

From India to US, sharpest rise in food price since 1970s challenges govts

Global food prices were up 33% in August from a year earlier with vegetable oil, grains and meat on the rise, data from the United Nations Food and Agriculture Organization show

Mobile Premier valued at $2.3 bn, becomes India's second gaming unicorn

Bangalore-based startup raised capital from investors led by Legatum Capital with participation from Accrete Capital and Gaingels LLC.

Sri Lanka's storm in a teacup may compel India to bring out its checkbook

Having just seen its $3 billion investment in Afghanistan go up in smoke, India's appetite for economic diplomacy may even be lower than usual.

Tata Sons reportedly considering creating CEO role in board revamp

Under the plan being proposed, the CEO will guide the sprawling businesses of the 153-year-old Tata empire, while the chairman will oversee the chief executive on behalf of shareholders, say sources

Afghanistan crisis: Taliban 'conundrum' is forcing strange bedfellows

Now that unlikely group of geopolitical rivals find their interests aligned once more, only this time to see those same Taliban leaders restore order in a nation of 38 million

Jair Bolsonaro emerges as a risk factor for Brazil IPO pipeline

Bolsonaro's recent confrontation with Brazil's Supreme Court amid an economic crisis has raised fears over the country's reform process and threatens to poison the environment for 25 IPOs-in-waiting

Apple fixes a security flaw exploited by Pegasus, says report

The flaw, disclosed Monday by Citizen Lab, allowed a hacker using NSO's Pegasus malware to gain access to a device owned by an unnamed Saudi activist, according to security researchers

Explained: How banks can lose $60 billion to cybercash highways

The Model 3 alternative may pose the biggest risk to the conventional money transfer business

US consumer price growth cools in August, smallest gain in seven months

Treasuries pared declines following the data, while the dollar fell and S&P 500 futures rose.

Covid: China locks down city of 4.5 mn as Delta variant surges again

The latest outbreak, which has yet to escape the Fujian province, includes 103 cases in three cities thus far.