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Reuters

Reuters

Page 7 - Reuters

Facebook-parent Meta to cut 10,000 jobs in second round of layoffs

With the latest move, Meta expects expenses in 2023 to come in between $86 billion and $92 billion, lower than the $89 billion to $95 billion forecast previously

Facebook-parent Meta to cut 10,000 jobs in second round of layoffs
Updated On : 14 Mar 2023 | 11:08 PM IST

Govt's new security testing plan targets pre-installed phone apps

Smartphone players often sell their devices with proprietary apps, but also sometimes pre-install others with which they have monetisation agreements

Govt's new security testing plan targets pre-installed phone apps
Updated On : 14 Mar 2023 | 11:04 PM IST

US inflation up, keeps Federal Reserve on track for interest rate hike

Food prices rose 0.4 per cent, with the cost of food consumed at home gaining 0.3 per cent

US inflation up, keeps Federal Reserve on track for interest rate hike
Updated On : 14 Mar 2023 | 10:10 PM IST

Amazon targets 2024 launch of its first Kuiper internet satellites

Amazon's satellite internet unit, Project Kuiper, will begin mass-producing the satellites later this year, the company said

Amazon targets 2024 launch of its first Kuiper internet satellites
Updated On : 14 Mar 2023 | 9:16 PM IST

Bitcoin jumps to highest since June as global markets rally gathers pace

Bitcoin jumped as much as 9.6% to $26,533, its highest since June 2022, in its fourth straight days of gains

Bitcoin jumps to highest since June as global markets rally gathers pace
Updated On : 14 Mar 2023 | 8:37 PM IST

CCI clears Reliance's over $300 million buy of Metro's local business

Metro has been active in the Indian market since 2003 and reported sales of about Rs 7,700 crore for the financial year ended September 2022

CCI clears Reliance's over $300 million buy of Metro's local business
Updated On : 14 Mar 2023 | 8:06 PM IST

Honeywell International names Vimal Kapur, a 34-year company veteran as CEO

(Reuters) - Diversified manufacturer Honeywell International Inc said on Tuesday Vimal Kapur, a 34-year company veteran, would succeed Darius Adamczyk as chief executive officer on June 1

Honeywell International names Vimal Kapur, a 34-year company veteran as CEO
Updated On : 14 Mar 2023 | 6:24 PM IST

Volkswagen plans to invest $193 bn in batteries in race for affordable EV

Volkswagen is striving to close a gap with electric vehicle (EV) pioneer Tesla by expanding its slice of the growing market for battery-powered cars

Volkswagen plans to invest $193 bn in batteries in race for affordable EV
Updated On : 14 Mar 2023 | 5:46 PM IST

Apollo Global to acquire Univar in $8.1 billion deal, says report

Shares of Univar rose nearly 14% to $35.40 in premarket trading

Apollo Global to acquire Univar in $8.1 billion deal, says report
Updated On : 14 Mar 2023 | 5:23 PM IST

India to continue with rate hikes despite global cenbank rethink: Analysts

India's headline and core inflation has been unrelenting, with data post market close showing annual retail inflation remained above the Reserve Bank of India's (RBI) upper limit, easing only slightly

India to continue with rate hikes despite global cenbank rethink: Analysts
Updated On : 14 Mar 2023 | 2:22 PM IST

Silicon Valley Bank conducting business as usual, says new CEO amid crisis

Earlier in the day, the US Federal Deposit Insurance Corporation had tapped former Fannie Mae head Mayopoulos as CEO of the newly created entity, named Silicon Valley Bank N.A

Silicon Valley Bank conducting business as usual, says new CEO amid crisis
Updated On : 14 Mar 2023 | 9:25 AM IST

Duty-free sunflower oil imports from Black Sea set to drop this year

India, the world's biggest vegetable oil importer, buys sunflower oil from the Black Sea region, which accounts for 60% of the world's sunflower oil output and 76% of exports

Duty-free sunflower oil imports from Black Sea set to drop this year
Updated On : 14 Mar 2023 | 12:02 AM IST

Centre bats for sovereign rating upgrade in meet with global agencies

S&P and Fitch rate India 'BBB-' and Moody's 'Baa3', all indicative of lowest-possible investment grade, but with stable outlook. These ratings are used to judge country's creditworthiness

Centre bats for sovereign rating upgrade in meet with global agencies
Updated On : 13 Mar 2023 | 11:19 PM IST

Offbeat multiverse movie 'Everything Everywhere' dominates the Oscars

The movie claimed seven awards overall, including three of the four acting Oscars for stars Michelle Yeoh, Ke Huy Quan and Jamie Lee Curtis

Offbeat multiverse movie 'Everything Everywhere' dominates the Oscars
Updated On : 13 Mar 2023 | 10:52 PM IST

Centre likely to discourage foreign trade settlement in Chinese yuan

India has asked banks and traders to avoid using Chinese yuan to pay for Russian imports, three govt officials involved in policy making and two banking sources said, because of political differences

Centre likely to discourage foreign trade settlement in Chinese yuan
Updated On : 13 Mar 2023 | 9:32 PM IST

Trading in First Republic, Signature Bank halted after SVB collapse

Wall Street mixed as investors weigh possible rate hike pause, bank contagion risks

Trading in First Republic, Signature Bank halted after SVB collapse
Updated On : 13 Mar 2023 | 9:07 PM IST

Safe-haven gold accelerates to $1,900 level as traders assess SVB fallout

Gold raced towards the key $1,900 level on Monday as investors sought cover from the uncertainty triggered by the collapse of Silicon Valley Bank

Safe-haven gold accelerates to $1,900 level as traders assess SVB fallout
Updated On : 13 Mar 2023 | 4:25 PM IST

Shriram Finance aims to raise $2.44 bn in FY24 to fund growth: Official

The retail non-banking finance company (NBFC) aims to grow its assets under management (AUM) by 15% in fiscal 2024 to around 1.9 trillion rupees to 2 trillion rupees

Shriram Finance aims to raise $2.44 bn in FY24 to fund growth: Official
Updated On : 13 Mar 2023 | 3:06 PM IST

No risk of UK contagion from SVB collapse: UK Prime Minister Rishi Sunak

Asked if the Treasury will come up with a solution by the time the London markets open on Monday morning, Sunak replied: "The Treasury is working at pace."

No risk of UK contagion from SVB collapse: UK Prime Minister Rishi Sunak
Updated On : 12 Mar 2023 | 11:25 PM IST

Tech execs race to save startups from 'extinction' after SVB collapse

Altman, who runs one of Silicon Valley's hottest companies, bailed out some entrepreneurs from his own pocket, according to a Twitter message by his brother and one beneficiary

Tech execs race to save startups from 'extinction' after SVB collapse
Updated On : 12 Mar 2023 | 2:08 PM IST