International Business

India's OPEC Imports At All-Time Low As Russian Oil Provides Alternative

India's OPEC Imports At All-Time Low As Russian Oil Provides Alternative

Press Trust of India | Sunday May 07, 2023, New Delhi

Oil producers cartel OPEC's share in India's oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper Russian oil peaked, industry data showed.

Financial Services Giant EY Halts Plan To Split Audit, Advisory Firms

Financial Services Giant EY Halts Plan To Split Audit, Advisory Firms

Agence France-Presse | Wednesday April 12, 2023, London

British financial services giant EY on Tuesday said it was stopping a project to split its audit and advisory units after opposition from its US branch.

US Commerce Secretary To Lead Big Business Delegation To India Next Month

US Commerce Secretary To Lead Big Business Delegation To India Next Month

Press Trust of India | Wednesday February 22, 2023, New Delhi

US Commerce Secretary Gina Raimondo will be leading a big business delegation to India in the second week of March to discuss ways to further boost trade and investment ties between the countries.

Google Denied Temporary Relief In Rs 936 Crore Antitrust Fine

Google Denied Temporary Relief In Rs 936 Crore Antitrust Fine

Press Trust of India | Wednesday January 11, 2023, New Delhi

The National Company Law Appellate Tribunal on Wednesday declined to grant interim relief to Google seeking a stay on competition watchdog CCI's penalty of Rs 936.44 crore on the tech giant for abusing its dominant position with respect to Play Store policies.

The Buzz And Traction Created By This Generative Artificial Intelligence Decoded

The Buzz And Traction Created By This Generative Artificial Intelligence Decoded

Reported by Aprameya Rao, Edited by Rahul Karunakar | Tuesday December 27, 2022

ChatGPT crossed one million users in just five days, with a now viral tweet putting the magnitude of ChatGPTs success in context.

Americans Lost Over $10 Billion To Fraudsters In India This Year: Report

Americans Lost Over $10 Billion To Fraudsters In India This Year: Report

Edited by Rahul Karunakar | Tuesday December 27, 2022

Fraudsters running illegal call centres in India have been targeting people based in the US, especially senior citizens, on the pretext of providing technical support or some other assistance.

More Pain For China As Soaring Covid Cases To Push Economy Off A Cliff

More Pain For China As Soaring Covid Cases To Push Economy Off A Cliff

Bloomberg News | Friday December 23, 2022

Chinas soaring Covid infections are keeping people home and causing a slump in travel and economic activity, according to the latest high-frequency data.

2023's Biggest Challenge For Businesses Could Be Cybersecurity

2023's Biggest Challenge For Businesses Could Be Cybersecurity

Asian News International | Thursday December 22, 2022, New Delhi

Security risks for businesses have risen dramatically as companies go agile and expand hybrid working, prompting remodelling of their data security systems.

Why Apple Stock Is Doing Better than Amazon, Meta, Other Tech Stocks

Why Apple Stock Is Doing Better than Amazon, Meta, Other Tech Stocks

Jeran Wittenstein, Bloomberg | Wednesday December 21, 2022

Apple is vastly outperforming other tech giants, whose shares have cratered this year.

Is Paytm, Infosys Buyback Plan In Line With Shareholders' Interests?

Is Paytm, Infosys Buyback Plan In Line With Shareholders' Interests?

Equitymaster | Friday December 16, 2022

So far this year, 51 companies have announced buybacks worth Rs 375.2 billion.

India's Tech Companies, Routed, Use Surprise Tactics To Arrest Slide

India's Tech Companies, Routed, Use Surprise Tactics To Arrest Slide

Ashutosh Joshi | Friday December 16, 2022

While within the rules, several market experts say the actions point to the fixation that newly listed firms have with their stock prices. After all, Nykaa and Paytm are among a flurry of hot startups that came to the Indian market with much fanfare.

Success Rate Of Start-Ups In India Relatively Higher Than Rest Of World: Commerce Minister

Success Rate Of Start-Ups In India Relatively Higher Than Rest Of World: Commerce Minister

Press Trust of India | Wednesday December 14, 2022, New Delhi

The number of recognised startups has increased from 452 in 2016 to 84,012 as on November 30, 2022, the Minister said.

UP Government Delegates Visit US, Canada To Seek Foreign Investment

UP Government Delegates Visit US, Canada To Seek Foreign Investment

Press Trust of India | Wednesday December 14, 2022, Lucknow

Several investors evinced interest in investing in defence manufacturing, among others, while two important MoUs (memorandums of understanding) were also signed by Western Sydney University, as per an official statement.

Amazon Plans To Sack 20,000 Employees After Over-Hiring During Pandemic: Report

Amazon Plans To Sack 20,000 Employees After Over-Hiring During Pandemic: Report

Edited by Rahul Karunakar | Wednesday December 07, 2022

Amazon has told its managers in the past few days that they should spot performance-related issues among the employees.

What Market Watchers Say About China Unrest And The Global Impact

What Market Watchers Say About China Unrest And The Global Impact

Reuters | Monday November 28, 2022

Comments from market watchers on the China unrest after Chinese stocks slumped as recent monetary easing measures failed to offset investor worries.