Business
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FPI selling in cash market so far in Aug likely to continue
New Delhi: The rally in global markets, driven by the US economy’s soft landing narrative, appears to be losing steam, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The major…
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Bank of Baroda puts actor Sunny Deol’s property on auction for Rs 56 cr loan default
Chennai: Has the central government-owned mortgage lender Bank of Baroda (BOB) put actor Sunny Deol’s Mumbai property on e-auction for failing to pay back a loan of about Rs 56 crore and…
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Software major Adobe co-founder John Warnock, passes away at 82
San Francisco: Software major Adobe‘s co-founder John Warnock has passed away at the age of 82, media reports said on Sunday. However, the cause of his death was not revealed. “It is…
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Intel makes fresh job cuts, at least 140 laid off in US
San Francisco: Chip-maker Intel is laying off at least 140 more employees in the US to reduce costs — 89 employees at its Folsom R&D campus and 51 in San Jose, California.…
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FPIs sold stocks worth Rs 10,921 cr in Aug
New Delhi: After three months of sustained buying with cumulative investment of Rs 1,37,603 crore, FPIs turned sellers in August, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The consolidated…
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Musk to remove Block feature on X, users say ‘terrible idea’
New Delhi: Elon Musk has said that the block feature on X (formerly Twitter) is being removed and users will not be able to block others except in direct messages (DMs), a…
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Amazon offers $25 per video on Inspire shopping feed, creators mock
New Delhi: As companies like X (formerly Twitter) and Meta begin to pay creators on their platforms, Amazon is now offering influences $25 per video for its TikTok-style “Inspire” shopping feed. However,…
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Payments processor checkout.com dumps Binance over regulatory concerns
San Francisco: Leading crypto exchange Binance has been dumped by global payments processor Checkout.com amid growing regulatory concerns. Binance was once Checkout.com’s largest client — with more than $2 billion in transactions…
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Google Invests $88M in South Korean Startup Incubation
Seoul: Google has invested $87.9 million to incubate nearly 500 South Korean startups and help them go abroad, a company official said. Google’s ChangGoo Programme — launched in 2019 in cooperation with…
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Global quantum computing market likely to reach $7.6 bn in 2027
New Delhi: The global quantum computing is expected to grow from $1.1 billion in 2022 to $7.6 billion in 2027, a new report has said. The forecast includes base quantum computing as…
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South Indian Bank’s Stock Rises 6% as RBI Approves New CEO
New Delhi: The stock of South Indian Bank jumped more than 6 per cent on Friday after the RBI conveyed its approval for the appointment of P.R. Seshadri as the Managing Director…
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Rupee slips 1 paisa to close at record low of 83.10 against dollar
Mumbai, Aug 18 (PTI) The rupee edged lower by 1 paisa to settle at an all-time low of 83.10 against the US dollar on Friday, weighed down by a negative trend in…
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Future of technology can’t be shaped by few countries & companies: MoS IT
Bengaluru: Future of technology cannot be shaped by a few countries and companies and needs to be more inclusive and India Stack has transformed lives of citizens and built trust between the…
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Reserve Bank issues fresh norms for personal loans
Mumbai: The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in…
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Over 50cr Jan Dhan accounts opened in 9 yrs
New Delhi: The total number of Jan Dhan accounts have crossed 50 crore as on August 9, 2023, nine years since the scheme was launched in August 2014. According to information provided…
