Qualcomm Inc forecast second-quarter revenue and profit below Wall Street estimates on Thursday as the chipmaker grapples with the combined toll of weak demand for smartphones and a supply glut,…
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Alphabet disappoints on sales as ad business slips after pandemic run-up
Alphabet Inc on Thursday posted fourth-quarter profit and sales short of Wall Street expectations as Google’s advertising clients pulled back spending from a period of pandemic-led excess. Executives of the…
Adani firms made scheduled US bond payments, to release credit report Friday: Report
Adani Group entities made scheduled coupon payments on outstanding U.S. dollar-denominated bonds on Thursday, a bondholder and a source with direct knowledge of the Indian conglomerate’s strategy told Reuters. The…
Jo Johnson, former UK PM Boris Johnson’s brother, resigns as director of UK firm with Adani ties
Lord Jo Johnson, the former Conservative minister and brother of former UK prime minister Boris Johnson, has resigned as a director of a London-based firm with ties to the embattled…
With an eye on IPO, Unacademy to offer stock options to employees instead of cash appraisals
Edtech unicorn Unacademy is shifting its employee appraisal system this year by offering performance-based stock options to employees instead of cash appraisals. This move is part of the company’s cost-cutting…
‘Depositor money at stake’: TMC’s Mahua Moitra urges IRDAI to keep a watch on LIC’s exposure to Adani Group
As Adani Group stocks continue to record a steep decline since a week, TMC MP Mahua Moitra on Thursday urged the insurance regulator IRDAI to keep a watch on the…
Dabur Q3 Results: Net profit dips 5% to Rs 476 crore due to weak rural demand, revenue rises 3%
FMCG major Dabur India reported a 5.4 per cent year-on-year (YoY) dip in its consolidated net profit to Rs 476 crore for the September-December quarter. This is against a net…
BYJU’s fires 15% employees in engineering teams; 1,000 job cuts in total
Edtech unicorn BYJU’s has undergone a fresh round of layoffs, letting go of over 1,000 employees, people aware of the matter told Business Today on Wednesday. An employee working in the…
Reliance Retail becomes first retailer to accept payments via Digital Rupee at stores
Reliance Retail has partnered with Innoviti Technologies, ICICI Bank and Kotak Mahindra Bank to enable acceptance of Reserve Bank of India-issued Digital Rupee at its stores. It is the first…
SBI gave Rs 21,000-cr loans to Adani Group firms: Report
Country’s largest public lender State Bank of India has given loans of as much as Rs 21,000 crore ($2.6 billion) to Adani Group firms, said a report on Thursday. This…