Business
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GameStop fires CFO, more employees in mass layoff
San Francisco: Video game retailer GameStop has terminated its Chief Financial Officer Mike Recupero, while sacking employees in another round of mass layoffs. The layoffs were happening at GameStop’s Texas headquarters, along…
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RBI unveils measures to check rupee fall; raises overseas borrowing limits for cos
Mumbai: Reserve Bank of India (RBI) on Wednesday raised overseas borrowing limits for companies and liberalised norms for foreign investments in government bonds as it announced a slew of measures to boost…
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Now EV charging station must for every new building in Noida
Noida: The authorities have decided to not approve any building plan here until and unless it makes provision for an electric vehicle charging station in it. Sources at the Noida Authority said…
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BharatPe back on track after Ashneer controversy, records 112% growth
New Delhi: Leaving the Ashneer Grover controversy behind, fintech platform BharatPe has closed one of the highest growth quarters in its history, facilitating over Rs 3,600 crore in loans in the first…
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Ola likely to lay off up to 500 employees in cost-cutting exercise
New Delhi: As Bhavish Aggarwal focuses his energies towards Ola Electric, the ride-hailing platform Ola is planning to lay off up to 500 employees across departments as it aims to cut cost…
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Musk hopes Tesla won’t need to enter mining business: Report
San Francisco: While the idea of Tesla entering the mining business is quite exciting, CEO Elon Musk said he hopes the company would prefer it if it did not have to enter…
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Euro dips to 20-year low against dollar amid risk of recession
London: Euro, the official currency of 19 European Union member countries, on Tuesday dipped to a 20-year low against the US dollar due to the rising risk of recession in the region.…
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Small-cap indices witness sharp correction from the highs of Oct’21
New Delhi: Small-cap indices have corrected sharply from the highs of October 2021. While the Nifty-50 declined 15 percent from its October 2021 peak against a 20 percent decline in midcaps and…
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Bangladesh’s exports hit all-time high of over $52 bn in FY 2021-22
Dhaka: Bangladesh saw exports soar more than 34 per cent to $52.08 billion in the 2021-22 fiscal year (July 2021-June 2022), official data showed. According to data released on Sunday by the…
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Crypto lending platform Celsius lays off 150 employees
New Delhi: Cryptocurrency lending platform Celsius has laid off 150 employees which is a quarter of its workforce, as the global crypto market goes through its worst meltdown. The platform last month…
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Tesla delivers over 250K EVs globally in Q2
San Francisco: Despite several supply chain challenges and factory shutdowns, Elon Musk-owned electric vehicle company Tesla has delivered 2,54,695 EVs globally in the second quarter of 2022. The company also said that…
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Large borrowers’ loan accounts and bad loans decline: RBI
Chennai: The share of large borrowers for scheduled commercial banks (SCB) has declined in the recent times while their share in the gross non-performing assets (GNPA) also went down, said the Reserve…
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Ola Electric slips to 4th spot as EV registrations fall amid fire fears
New Delhi: As customers delay purchasing electric two-wheelers amid fire incidents, Ola Electric again saw its registration dipping in the month of June, taking the company to fourth place in the overall…
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Reddit buys natural language processing company MeaningCloud
Barcelona: Popular online discussion forum Reddit has announced that it is acquiring MeaningCloud, a natural language processing (NLP) company specialising in extracting meaning from unstructured content. Reddit said that the technology will…