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Bloomberg

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Animal spirits stir: Economic indicators hint at slow recovery for India

Any rebound in the economy might be slow, with economists in a Bloomberg survey predicting a milder contraction of 5.3% in the quarter to September

Animal spirits stir: Economic indicators hint at slow recovery for India
Updated On : 28 Aug 2020 | 10:28 AM IST

Theatrics aside, Kamala Harris may help build on Trump's India policy

"Indians love drama, which explains President Trump's popularity in India," said Harris's maternal uncle, Gopalan Balachandran, an academic based in New Delhi

Theatrics aside, Kamala Harris may help build on Trump's India policy
Updated On : 28 Aug 2020 | 7:39 AM IST

This founder is giving his first 50 employees $233 million of his stock

Nikola said the grant of options for shares of common stock won't dilute shareholders and there will be no compensation by the company to the founder

This founder is giving his first 50 employees $233 million of his stock
Updated On : 28 Aug 2020 | 3:00 AM IST

Salesforce plans to cut 1,000 jobs after banner quarter, stock gains

Sales and customer-support roles are among those being eliminated, said two of the people, who asked not to be identified discussing private information

Salesforce plans to cut 1,000 jobs after banner quarter, stock gains
Updated On : 28 Aug 2020 | 2:37 AM IST

TikTok CEO Kevin Mayer gets out of Donald Trump's firing line, resigns

Former Disney executive quits just 4 months after appointment by Chinese video platform

TikTok CEO Kevin Mayer gets out of Donald Trump's firing line, resigns
Updated On : 28 Aug 2020 | 2:11 AM IST

In warning to US, China fires 'aircraft-carrier killer' missiles

In response to US aerial activities in a 'no-fly zone' in South China Sea

In warning to US, China fires 'aircraft-carrier killer' missiles
Updated On : 28 Aug 2020 | 2:09 AM IST

Singapore expat jobs come under threat amid push for local hirings

Employment pass holders - in executive, managerial or specialised roles - must earn a minimum monthly salary of S$4,500 ($3,295), versus a previous threshold of S$3,900

Singapore expat jobs come under threat amid push for local hirings
Updated On : 28 Aug 2020 | 2:00 AM IST

Amazon's Jeff Bezos becomes the first person ever worth $200 billion

Musk extends an extraordinary stretch of wealth gains to become a centibillionaire

Amazon's Jeff Bezos becomes the first person ever worth $200 billion
Updated On : 28 Aug 2020 | 1:52 AM IST

IKEA offers digital versions of old catalogues on its museum website

The early catalogues are comparatively utilitarian affairs; things don't get really interesting until the late 1960s and '70s

IKEA offers digital versions of old catalogues on its museum website
Updated On : 27 Aug 2020 | 11:09 PM IST

TikTok's American makeover takes a hit after CEO Kevin Mayer steps down

Beyond losing a CEO, Mayer's departure bruises TikTok's makeover into an American company that's not beholden to the Chinese government

TikTok's American makeover takes a hit after CEO Kevin Mayer steps down
Updated On : 27 Aug 2020 | 10:39 PM IST

No sales but stock price of Indian firm rises 4,300% amid penny stock boom

The prospect of risky investments turning sour raises concerns that any sudden withdrawals by small traders could wind up hurting the broader market as well

No sales but stock price of Indian firm rises 4,300% amid penny stock boom
Updated On : 27 Aug 2020 | 10:14 PM IST

Nifty likely to reclaim record high by March, says ICICI Securities

The benchmark index has bou­nced more than 50% from its March low, but is still about 7% below its January record close

Nifty likely to reclaim record high by March, says ICICI Securities
Updated On : 27 Aug 2020 | 9:56 PM IST

India fuel demand headed for 5-year low as truck operators idle vehicles

India's truckers are facing multiple headwinds that are crimping diesel consumption and overall oil demand

India fuel demand headed for 5-year low as truck operators idle vehicles
Updated On : 27 Aug 2020 | 6:59 PM IST

Slow pace of pay growth adds to hurdles in way of India's economic recovery

A survey by Deloitte Touche Tohmatsu India LLP showed average salaries gained 3.6 per cent in the fiscal year that started in April, down from 8.6 per cent a year ago

Slow pace of pay growth adds to hurdles in way of India's economic recovery
Updated On : 27 Aug 2020 | 7:27 AM IST

Huawei Technologies loses UK top court ruling over global patent rates

The UK Supreme Court on Wednesday affirmed a decision that Huawei would either have to pay Unwired Planet International Ltd. a global rate set by judges or face an order limiting its British sales

Huawei Technologies loses UK top court ruling over global patent rates
Updated On : 27 Aug 2020 | 2:11 AM IST

France govt gives hints on stimulus plan to be unveiled next week

Measures will include 2 billion euros for the cultural sector, Prime Minister Jean Castex said in an interview on France Inter radio

France govt gives hints on stimulus plan to be unveiled next week
Updated On : 27 Aug 2020 | 1:44 AM IST

Pakistan looks to citizens overseas to pump up its forex reserves

The plan involves allowing non-resident Pakistanis to open digital accounts starting next week to allow the diaspora to invest in one of Asia's best-performing stock markets

Pakistan looks to citizens overseas to pump up its forex reserves
Updated On : 27 Aug 2020 | 1:24 AM IST

Govt to sell 15% stake in Hindustan Aeronautics to raise Rs 5,020 cr

The Indian government will sell a stake of about 10%, with an option to sell a further 5% in the company, according to a stock exchange filing on Wednesday

Govt to sell 15% stake in Hindustan Aeronautics to raise Rs 5,020 cr
Updated On : 27 Aug 2020 | 12:34 AM IST

Tata steps up to build e-commerce app to take on Amazon, Reliance

The Mumbai-based group is stepping up efforts to have a significant presence online in a market where internet users are forecast by Cisco Systems Inc. to reach 900 million by 2023

Tata steps up to build e-commerce app to take on Amazon, Reliance
Updated On : 27 Aug 2020 | 12:16 AM IST

SBI plans policy to lend to coal miners ahead of landmark auctions

Lenders are also wary about sustained demand for coal, which is seen globally as a dirty fuel but is still the biggest source for electricity generation in India.

SBI plans policy to lend to coal miners ahead of landmark auctions
Updated On : 26 Aug 2020 | 10:20 PM IST