Business
-
Snap likely to lay off 150 employees from AR division: Report
San Francisco, Sep 27 (IANS) Snap, the parent company of Snapchat, is reportedly planning to sack around 150 employees as part of its reorganisation exercise. According to The Verge, the latest job…
-
Fintech firm Bright Money raises $62 mn in equity, debt round
Bengaluru: Consumer fintech company Bright Money on Wednesday announced it has raised $62 million in an equity and debt round. The funding includes $50 million in debt from Encina Lender Finance and…
-
Stock markets fall in early trade on foreign fund outflows, weak US equities
Mumbai: Benchmark equity indices declined in early trade on Wednesday amid weak trends in the US markets and continuous foreign fund outflows. The 30-share BSE Sensex fell 202.34 points to 65,743.13. The…
-
Audio and video calls arriving on X only for premium users
San Francisco: X Corp is planning to soon roll out audio and video calls to premium, subscription-only users, as X CEO Linda Yaccarino confirmed last month that video calls will arrive on…
-
Crypto firm Mixin hit by $200 mn hack, halts services
New Delhi: Hong Kong-based crypto company Mixin has announced that the hackers stole around $200 million in a data breach that occurred on September 23. After learning about the data breach, the…
-
WeWork India rejigs senior leadership to boost market presence
New Delhi: Flexible workspace provider WeWork India on Tuesday announced the appointment of two senior leaders to its executive leadership team. Debosmita Majumder has joined WeWork India as Chief Marketing Officer, while…
-
Nearly 50 pc of employees likely to permanently shift to hybrid work globally
New Delhi: Nearly 50 percent of employees are expected to permanently work in a hybrid or fully mobile fashion going forward, a report showed on Tuesday. The majority of businesses agree that…
-
42% consumers in India to use UPI for festive shopping this year: Report
New Delhi: Digital payment methods are on the rise in India, with 42 per cent of consumers saying they will choose unified payments interface (UPI)-for online festive shopping, a new survey report…
-
Amazon to invest up to $4 bn in AI startup Anthropic in GenAI era
New Delhi: Amazon on Monday said it will invest up to $4 billion in artificial intelligence (AI) startup Anthropic with a minority ownership position in the company, as competition grows in the…
-
Markets to remain under pressure in the near term
New Delhi: Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services, said “We expect the market to remain under pressure in the near term given the global concerns. Thus, we suggest…
-
Apple to scale up production over 5 times in India to USD 40 bn in 5 years
New Delhi: iPhone maker Apple has plans to scale up production in India by over five-fold to around USD 40 billion (about 3.32 lakh crore) in the next 4-5 years, according to…
-
JPMorgan analyst sees oil price surge as high as $150
New Delhi: JPMorgan’s head of EMEA energy equity research, Christyan Malek, warned markets that the recent Brent price surge could continue upwards to $150 per barrel by 2026, according to a new…