CATEGORIES

Unilever to cut one-third staff in Europe by 2025 FMCG firm to slash 7 500 jobs globally

Unilever is cutting a third of its office staff in Europe, as the consumer goods group pushes ahead with plans to slash 7,500 jobs worldwide.

Biden unshaken despite Nato stage gaffes

US Prez now faces more calls from Democrats to quit

Saudi ramps up purchase of dirtiest oil amid heatwave

Saudi Arabia boosted imports of the dirtiest type of oil to the highest in more than three years to help meet power demand during the scorching summer.

X's blue checks deceptive, transparency falls short: EU

Elon Musk's social media platform X has been hit with a warning from the European Union for deceiving users into engaging with potentially harmful content, in the latest show of force by Brussels against Big Tech's practices.

Mixed results as top banks kick off earnings season

JPMorgan reported record profit as investment bankers and equities traders at the biggest US bank beat expectations and the firm took a multibillion-dollar gain tied to a Visa share exchange.

Japan's Navy chief sacked, 200 officials punished over scandals

Japan replaced the head of its navy and punished more than 200 defence officials after a string of scandals that include mishandling of classified information and overclaiming on pay.

Kejriwal gets interim bail from SC, but to remain in jail in CBI case

Top court says 'power to arrest under PMLA can't be exercised as per whims of ED'

Vizhinjam port to see up to ₹20K crore investment

Adani Ports to put in ₹10K cr, may complete Phase-I in Sep, all phases by 2028

Govt to observe June 25 as 'Samvidhaan Hatya Diwas'

Congress hits back, says June 4 will go down as 'Modi Mukti Diwas'

Govt plans 30 Gw solar power in FY25-end

The Rajasthan government aims to produce 30 gigawatt (Gw) of solar power by the end of FY25 to become self-reliant in the power and energy sector, an official said.

India can be 2nd largest economy by 2031: Patra

It is conceivable that India can become the world's secondlargest economy by 2031 and the largest economy by 2060, given the country's inherent strengths, said Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra.

Coal India to ease e-auction norms

Maharatna coal behemoth Coal India Limited (CIL) on Friday said it has taken steps to ease e-auction norms like lowering the earnest money and enhancing the quantity of the dry fuel on offer.

Credit card spending surges despite rise in risk weights, says Visa

The Reserve Bank of India's (RBI) push back against exuberance in unsecured loans has not had much impact on the credit card spends, repayment behaviour of customers, said Sandeep Ghosh, Group Country Manager, India and South Asia, Visa.

Kerala retains top ranking in NITI's SDG index; Bihar worst performer

NITI CEO says targeted intervention by govt has helped achieve improvements across 16 goals

Major credit card issuers go live on BBPS platform

Issuers live on the platform cater to 80-85% customers

India-Russia ties remain slow on investments

Other economic parameters outside trade also lag

Crypto firms seek tax relief on VDA transfer

Urge finance ministry to lower TDS on transfers from 1% to 0.01%

Can improve recovery under IBC to 40%: IBBI chief to RPS

The Chairperson of the Insolvency and Bankruptcy Board of India (IBBI), Ravi Mital, on Friday called for taking steps including some innovative ones to improve the recovery to creditors from the current around 32 per cent to at least 40 per cent.

Airbnb sees 30% booking surge from Indian guests

With the summer Olympic and Paralympic games just weeks away, Airbnb has witnessed a 30 per cent uptick in booking from Indians when compared to a year ago.

Partior raises $60 mn in Series-B round

Partior, a cross-border payments and settlement blockchain company, has raised close to $60 million in Series-B round led by Peak XV Partners.

Nasscom raises concern over Karnataka gig workers Bill

The National Association of Software and Service Companies (Nasscom) has raised several \"serious concerns\" over a platform-based gig workers Bill proposed by the Karnataka government, asserting that has \"serious gaps\" and can adversely impact the functioning of gig platforms in the state.

RIL net may see sequential dip

Modest growth expected in Ebitda

Fitch lowers Tata Steel outlook to 'negative'

Fitch Ratings on Friday revised its outlook on domestic steel major Tata Steel to negative on account of uncertainty surrounding the turnaround of the company's operations in the UK.

Hyundai rules out any special worker share allocation despite stir

South Korean carmaker Hyundai Motor has ruled out any special allocation of shares to Indian workers in its forthcoming mammoth Indian stock market listing, despite employee demands, sources close to the matter said on Friday.

GCPL develops indigenous mosquito repellent molecule

Godrej Consumer Products (GCPL) on Friday announced that it has developed 'Renofluthrin', a patented mosquito repellent molecule and has integrated it in its household insecticide products.

20K staffers to be trained in GenAI every qtr

IT services giant HCLTech in its Q1 earnings call said that the company plans to train and upskill around 20,000 employees Generative AI (GenAI) every quarter, with an overin all target to train around 1 lakh employees in GenAI skills by the end of FY25.

Bajaj, TVS close in on Ola with low-cost models

Bajaj Auto and TVS Motor Company, after launching lower-priced electric scooter models over the past couple of months, have seized a combined 38.11 per cent market share of the etwo-wheeler segment, based on VAHAN registrations in the first 12 days of this month.

HCLTech Q1 net up 20%, FY25 guidance at 3-5%

Revenue for the first quarter grew 6.7% to hit ₹28,057 crore

'Will return to profit in Q1FY25'

Online travel platform EaseMyTrip is looking to turn the corner and become profitable in the first quarter of the financial year 2024-25 (FY25), CEO and co-founder Nishant Pitti said.

Retail inflation at 4-month high of 5.08% in June

IIP grew to 7-month high of 5.9% in May