Dow Jones, a division of News Corp that includes the financial news outlets the Wall Street Journal, Barron’s and MarketWatch, plans to lay off a number of employees on Wednesday,…
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Asia stocks hit 7-month high on China and CPI bets
Asian stock markets mostly pushed higher on Thursday, ahead of US consumer price data that investors hope will confirm inflation is in retreat, while the yen rose with a report…
Goldman Sachs job cuts hit investment banking, global markets hard
Goldman Sachs began laying off staff on Wednesday in a sweeping cost-cutting drive, with around a third of those affected coming from the investment banking and global markets division, a…
Stocks rally, bond yields fall with bets on easing US inflation; S&P, Nasdaq up over 1%
The S&P 500 closed up more than 1% while US Treasury yields fell and the dollar was little changed on Wednesday as investors bet that upcoming US inflation data would…
MP Investors Summit 2023: Adani Group pledges to invest Rs 60,000 cr in state
The Adani Group will invest Rs 60,000 crore in various sectors including renewable energy and coal, Madhya Pradesh Chief Minister Shivraj Singh Chouhan said on Wednesday, after a one-on-one meeting…
LVMH names new Louis Vuitton CEO, puts Arnault daughter in charge of Dior
LVMH Chairman and CEO Bernard Arnault has reshuffled top management at his luxury goods empire, tightening his family’s grip with the appointment of his daughter Delphine to lead Christian Dior,…
RBI asks PayU to re-apply for payment aggregator licence; company pauses new merchant onboarding
The Reserve Bank of India (RBI) has instructed online payment solutions firm PayU to simplify its corporate structure and reapply for its initial payment aggregator (PA) licence. “We have received…
Wipro rolls out record promotions to retain senior executives amid top exits: Report
India’s fourth largest IT services exporter Wipro has rolled out a record number of promotions to retain senior executives, Mint reported on Wednesday. The Bengaluru-headquartered company has promoted 12 top…
Soon, NRIs can use UPI with their international mobile numbers: List of supported countries
Non-resident Indians (NRIs) will soon be able to make payments in Unified Payments Interface (UPI) without having to get an Indian mobile number. The National Payments Corporation of India said…
Vince McMahon reportedly sells WWE to Saudi Arabia’s Public Investment Fund
American professional wrestling promotion WWE is now being sold to Saudi Arabia’s Public Investment Fund, reports claim. The reports have emerged hours after Stephanie McMahon announced her resignation from the…