Benchmark indices gave up their opening gains on Tuesday, with selling in information technology stocks dragging the market lower as investors shifted focus to the upcoming June-quarter earnings season. The…
Category: Testing
Microsoft loses $570 billion in a month. Is Wall Street losing faith in the AI boom?
Microsoft is having its worst month in nearly 25 years. The software giant has lost more than $570 billion in market value in June, with its shares falling 17%—their biggest…
Japan’s yen falls to 40-year low against US dollar
Japan’s currency has hit its weakest level against the US dollar in nearly four decades, highlighting the growing strain on the world’s third-largest economy and raising fresh fears that Tokyo…
HDFC Bank appoints ex-poll body chief Rajiv Kumar as chairman; RBI nod awaited
The HDFC Bank board on Monday appointed former Finance Secretary Rajiv Kumar as its new chairman, who had been instrumental in revitalising public sector banking and the financial sector. The…
Yen sinks to 40-year low, dollar slips but stays near 13-month high
The dollar edged lower on Monday but remained near a 13-month high, supported by optimism over US economic growth, the prospect of Federal Reserve interest rate hikes, and a continuing…
Govt to lift petrol and diesel sales curbs from July 1 as supply concerns ease
The government has decided to remove temporary restrictions on the sale of petrol and diesel from July 1 after concerns over fuel supplies eased, reported Reuters. The curbs were introduced…
Amazon, Flipkart are shaking up quick commerce. Blinkit, Swiggy are paying the price
India’s quick commerce market is growing at a blistering pace, with groceries, medicines and even electronics reaching customers in under 10 minutes. But the companies that pioneered this business are…
Gold price has crashed nearly Rs 50,000 from its peak. Will prices fall further?
Gold’s spectacular rally has gone into reverse. After touching an all-time intraday high of Rs 1,92,991 per 10 grams on the Multi Commodity Exchange (MCX) earlier this year, the precious…
EPFO 3.0: 5 PF mistakes that could delay your transfer when switching jobs
Changing jobs is exciting. A better role, a higher salary and fresh opportunities often mean a new beginning. But amid all the paperwork and joining formalities, one important task is…
BAT to slash 9,000 jobs amid shift to smoke-free products
British American Tobacco (BAT) is preparing to cut around 9,000 jobs globally as it reshapes its business for a future where fewer people are smoking traditional cigarettes, reported Bloomberg. The…