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Next victim of chip shortage will be home internet routers as supply chokes

Sharp coronavirus manufacturing shutdowns a year ago were exacerbated by a prolonged surge in demand for better home broadband equipment

GameStop shares rise over plan to replace chairman with Ryan Cohen

Kurtis Wolf resigned effective April 5, GameStop said in a filing Thursday. The company said the resignation didn't result from a disagreement over operations, policies or practices

Credit Suisse CEO Gottstein faces anger in the ranks on Archegos mess

According to people with knowledge of the call, Gottstein was grilled on the exposure and risk profile of the bank -- and why it lost so much more than rivals in the debacle

Amazon reveals scorching growth in India as Flipkart fight deepens

The US online giant said it has enabled exports of Indian-made goods worth $3 billion and created over a million local jobs since it began operating in the Asian nation about a decade ago

AstraZeneca blood clot worries complicate bid to vaccinate the world

Reviews by UK and EU regulators finding potential links to the unusual side effects are another blow for the shot, a cheaper and easier-to-deploy product that many nations are counting on

Oil price dips as record Covid-19 cases in India imperil demand revival

West Texas Intermediate slid 0.6%, though remains within the $5 range it has traded in since mid-March

Indian consumers turn more glum about future, less likely to spend: Survey

The reasons for the pessimism were deteriorating sentiments on general economic situation, income and prices, the RBI said. The current situation index had hit a record low of 49.9 in September

In a historic setback, millions are tumbling out of the global middle class

Nearly 150 million slipped down the economic ladder in 2020, the first pullback in almost three decades

Hyundai plays catch up in EV market with car that can cook dinner

It's part of a push by Hyundai to appeal to a younger audience as it plays catch-up in the EV market

Benchmark indices continue winning streak on RBI's accommodative stance

The Sensex rose 460 points, or 0.94 per cent, to close at 49,662, while the Nifty50 added 136 points, or 0.92 per cent, to end the session at 14,819

Monetary policy review: RBI changes the way it forecasts inflation rate

The amendments come just days after the RBI won approval from the government to retain its 2-6 per cent inflation target range for the next five years

ReNew Power lines up $9 billion over 4 years in India's green push

The company plans to triple capacity to 18.5 Gw by 2025

Markets gain on RBI's accommodative stance, banking stocks lead rally

Sensex gains 0.94%; Bank Nifty rises 1.5%

JPMorgan's Jamie Dimon predicts 'this boom could easily run into 2023'

Unprecedented federal rescue programs have blunted unemployment and averted further economic deterioration, according to Dimon

Toll of Archegos scandal goes higher as Credit Suisse's rivals thrive

In an era of prosperity for investment banks, Credit Suisse is careening from one crisis to another and this time, with a $4.7 bn writedown tied to billionaire investor Bill Hwang's trading blowout

With poor data on variants, India's Covid surge remains a mystery

India reported more than 115,000 new daily infections on Wednesday, taking its tally of cases to 12.8 million, behind Brazil and the US

India's E-pharmacy segment mints its first unicorn, raises $350 million

The firm is already raising its next round at a valuation of about $1.8 billion, the person said, wishing to remain anonymous as the fresh round is still underway

China's growth set to drive global economy in post-pandemic years

The U.S. and India will be the second and third-biggest contributors to global growth in the period, according to the IMF, with Japan and Germany rounding out the top five

Maldives emerges as choice holiday spot for Indians to escape Covid-19

India reached a grim milestone on April 5 when the government reported over 100,000 new cases on a single day for the first time

Cryptocurrency market value surges to all-time high of $2 trillion

Analysts said as long as bitcoin stays above $53,000, it will be able to maintain its $1 trillion market cap