Amazon to layoff over 18,000 employees citing economic uncertainty
Washington, Jan 5:Amazon on Thursday said it will lay off over 18,000 employees from its workforce citing economic uncertainty. “Between the reductions we made in November and the ones we’re sharing today, we plan to eliminate just over 18,000 roles. Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores […]
Third world economy to hit recession in 2023, IMF head warns
China’s lagging growth a key threat this year, IMF managing director Kristalina Georgieva said, while the US is ‘most resilient’ Washington: For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the US, Europe and China – all experience weakening activity, the head […]
Rupee down 43 paise against USD
Mumbai, Dec 6 :The Rupee on Tuesday slid 43 paise, breaching 82 level at 82.22 against the US Dollar on rising demand for US Dollars by bankers and importers, dealers at Foreign Exchange said. The local unit tanked on strong Dollar against other world currencies amid negative equity market in early trade. The Rupee recorded […]
Sensex opens at 62,743.47 points
Mumbai, Nov 30 :The BSE Sensex remained an all- time- high on Wednesday, as the Sensex opened at 62,743.47, advancing 62 points on strong global cues. The Nifty moved up 7 points at 18,625.70. The stocks include FMCG, Financials and Health Care kept the market strong. The sensex registered intra day high and low at […]
Rupee rises 6 paise against USD
Mumbai, Nov 18 :The Rupee on Friday gained 6 paise at 81.56 against the US Dollar on selling of US Dollar by bankers and exporters, dealers at Foreign Exchange said. The local unit was improved owing to weak Dollar against other world currencies amid weak stock market in early trade. The Rupee recorded intra days […]
Sensex falls over 100 pts
Mumbai, Nov 18 :The BSE Sensex on Friday declined 130.17 points at 61,620.43 in opening trade as selling pressure was seen across the board. The Nifty too slipped 50.40 points at 18,293.50. The Sensex registered intra day high and low at 61,929.88 and 61,617.22 points respectively. The Nifty recorded intra day high and low at […]
Domino’s Pizza fined $523,000 for unfair biz practice
Seoul, Nov 17: South Korea’s antitrust regulator said Thursday it has decided to impose a $523,000 fine on the local operator of Domino’s Pizza for unfair business practices. The penalty on Cheong-O DPK Co., which holds the exclusive rights to the popular global pizza chain in Sejong, came as the company made its franchise shops […]
Sensex down over 100 pts
Mumbai, Nov 15:The BSE Sensex on Tuesday fell 121.89 points at 61,502.26 in opening trade as selling pressure was seen in FMCG, Financial, Industrials and Health Care stocks. The Nifty too slipped 26.30 points at 18,302.85. The Sensex registered intra day high and low at 61,783 and 61,439.56 points respectively. The Nifty recorded intra day […]
Honda Cars India reaches 2 mn milestone
Mumbai, Nov 7 :Honda Cars India Ltd (HCIL) on Monday said the company has reached the 2 million-unit milestone in cumulative production of Honda cars in India. The company’s premium Sedan Honda City formally rolled out of the assembly line at its state-of-the-art manufacturing plant in Tapukara in Rajasthan, making it the two millionth Honda […]
Reliance Jio signs multi-year deal with Nokia for 5G hardware supply
New Delhi, Oct 17 : Nokia on Monday said that it has won a multi-year deal with Reliance Jio to supply 5G Radio Access Network (RAN) equipment. As per the contract, Nokia will supply equipment to Reliance Jio from its AirScale portfolio including base stations, high-capacity 5G Massive MIMO antennas, and Remote Radio Heads (RRH) […]