Singapore-listed agribusiness Wilmar International Ltd, which has a joint venture with Adani Group in Adani Wilmar, reported a 27% rise in its full-year net profit on Tuesday, underpinned by its…
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Indian economy showing signs of resilience, says Prashant Khemka of White Oak Capital
We are towards the fag end of US Federal Reserve hikes and inflation, with recent data points suggesting that the economy is much stronger than what the market was anticipating,…
‘Unethical & unjust’: Wipro’s reduced pay package infuriates freshers, employee union
Wipro is rolling out revised offer letters with lower salaries to thousands of freshers who have been waiting for the company to onboard them for the past 12 months. Some of…
UPI linked to Singapore’s PayNow: PM Modi hails development, calls it ‘new milestone in India-Singapore relations’
Top Highlights > India’s UPI was linked to its corresponding network PayNow in Singapore to enable faster remittances. > The first transaction was done by RBI Governor Shaktikanta Das and…
$3.7 bln UK mass action against Facebook over market dominance rejected for now
Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominant position to monetise…
Adani-Hindenburg fallout: How much debt has Adani Group repaid since Jan 2023
Amid fallout from a US short seller’s scathing report, Adani Group has been trying to boost investor confidence by prepaying its debt, the latest being Adani Ports prepaying Rs 1,000-crore…
G20: India to invite friendly neighbours for March meet; Pakistan likely to not make the cut
India has decided to invite friendly neighbours for one of the critical G20 meetings to be held in March in Hyderabad, but Pakistan is not likely to make the cut.…
TCS bags deal to digitally transform German telecom operator’s business
India’s largest IT services company Tata Consultancy Services (TCS) announced that it has won a deal to digitally transform Telefonica Germany’s specific operations. The latter is a leading German telecom…
Ericsson to cut 1,400 jobs in Sweden
Telecoms gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, it said on Monday. The company had earlier…
India, China to contribute over half of global growth this year, says IMF
India and China are expected to contribute more than half of the global growth this year while the rest of Asia will contribute an additional quarter, according to the International…