Business Situation
- All
- News
- Videos
-
Sony Sells 2.5 Million PS5 Units in Q1 FY 2025, Hikes Profit Forecast
Sony sees a tariff impact of JPY 70 billion, compared to jpy 100 billion forecast in May. It said the estimated impact is based on tariff rates as of August 1 and that the situation remained fluid.
-
In Mid-Air Drama, Air India Flyer Abuses Passenger Minutes Before Landing
Unruly scenes were witnessed mid-air after a passenger reportedly misbehaved with another flyer on board an Air India flight from Amritsar to Delhi today. The incident happened when preparations were underway for landing, Air India said.
-
Disney to Pay Comcast $439 Million More for Its Hulu Stake
Walt Disney must pay $438.7 million (roughly Rs. 3,755 crore) more to Comcast to complete its purchase of the Hulu streaming service. Disney agreed in 2019 that it would acquire Comcast’s one-third stake in the business at price that valued the whole enterprise at a minimum of $27.5 billion (roughly Rs. 23,54,206 crore) starting in 2024.
-
Tesla Signs Deal for First India Showroom to Sell Imported EVs
Tesla has signed a lease deal to open its first showroom in Mumbai. The showroom will be situated in the Maker Maxity building in the business and retail hub of Bandra Kurla Complex near the city's airport, according to the papers.
-
AAP Leaders Move Adjournment Notice In Rajya Sabha Seeking To Discuss Rising Delhi Crime
Aam Aadmi Party (AAP) Rajya MP Raghav Chadha filed a Suspension of Business notice in Rajya Sabha under rule 267 on Tuesday, seeking to discuss the 'deteriorating law and order' situation and the 'rise in crimes' in the national capital.
-
Nigeria’s Crypto Investors Urge Government to Follow India's Approach in Tackling Binance Dispute: Report
Crypto investors in Nigeria have asked the government to follow India’s approach and regulate crypto businesses rather than taking extreme measures. While Nigerian authorities are embroiled in a court battle with the exchange after imprisoning two of its executives, India dealt with a similar situation with a measured approach, crypto traders fro...
-
Binance Reaffirms Commitment to Indian Laws Following Significant GST Notice
Binance, facing a GST payment of Rs. 772 crore in India, has promised to comply with local authorities. However, the company has yet to provide further details regarding its situation with the DGGI.
-
Raymond Directors Vow To Safeguard Shareholders' Interest Amid Family Feud
Independent directors of Raymond said they are monitoring the situation arising out of matrimonial dispute of company's Chairman and Managing Director Gautam Singhania to ensure it doesn't affect his capacity to manage affairs and business of firm.
-
Parliament Adjourned On Day 1 Of Monsoon Session Over Manipur: 10 Points
Both houses of parliament were adjourned on the first day of the monsoon session amid protests and outrage over the situation in Manipur. Fifteen opposition MPs had moved asked for the suspension of all business and discussion the ongoing violence.
-
BitGo’s Acquisition of Prime Trust Falls Apart, Leaving Latter to Halt Deposits, Withdrawals: Details
BitGo, based in California, has decided to not go ahead with the acquisition of Nevada-based Prime Trust just two weeks after finalising the deal. While BitGo did not specify exactly what made it pull out of an almost finalised deal, it did say that the decision would fare better for its own business in the coming times.
-
Amit Shah's Assam Visit Postponed To May 26 Over Manipur: Himanta Sarma
The proposed visit of Amit Shah to Assam on May 11 was on Monday postponed to May 26 as the Union Home Minister is busy dealing with the prevailing law and order situation in strife-torn Manipur, Chief Minister Himanta Biswa Sarma said.
-
Genesis, Huobi Resort to Staff Layoffs as Market Pressure Continues to Intensify: Reports
Genesis and Huobi are facing severe impacts of the low-laying crypto market. To keep their respective businesses afloat during these rough market times, Genesis has slashed 30 percent of its workforce. Meanwhile, Huobi is reportedly planning to lay off those staff members who have refused to take their salaries in its HT native token.
-
Law And Order Strong, UP Safe For Business: Yogi Adityanath To Investors
Pitching Uttar Pradesh as a safe investment destination, Chief Minister Yogi Adityanath on Thursday assured industrialists of a strong law and order situation devoid of fear and free of land mafia.
-
Genesis Crypto Brokerage Working to Avoid Bankruptcy Filing, Resolve Lending Business Issues
Genesis, the US crypto brokerage said on Tuesday that it was working to resolve the "current situation in the lending business" without the need for bankruptcy filing, after a report that the firm's creditors were organising with restructuring lawyers in an attempt to stop the brokerage from meeting the same fate as FTX, the crypto exchange that co...
-
Twitter Co-Founder Jack Dorsey Offers Apology Amid Mass Layoffs After Elon Musk Takeover
Twitter Co-Founder and former CEO Jack Dorsey on Saturday apologised to employees at Twitter and workers who had been laid off after Elon Musk's takeover deal, saying he was owning the responsibility for the situation. Dorsey asserted that he was to blame for everyone's present situation and that he was aware that many people were 'angry' with him....
-
Sony Sells 2.5 Million PS5 Units in Q1 FY 2025, Hikes Profit Forecast
Sony sees a tariff impact of JPY 70 billion, compared to jpy 100 billion forecast in May. It said the estimated impact is based on tariff rates as of August 1 and that the situation remained fluid.
-
In Mid-Air Drama, Air India Flyer Abuses Passenger Minutes Before Landing
Unruly scenes were witnessed mid-air after a passenger reportedly misbehaved with another flyer on board an Air India flight from Amritsar to Delhi today. The incident happened when preparations were underway for landing, Air India said.
-
Disney to Pay Comcast $439 Million More for Its Hulu Stake
Walt Disney must pay $438.7 million (roughly Rs. 3,755 crore) more to Comcast to complete its purchase of the Hulu streaming service. Disney agreed in 2019 that it would acquire Comcast’s one-third stake in the business at price that valued the whole enterprise at a minimum of $27.5 billion (roughly Rs. 23,54,206 crore) starting in 2024.
-
Tesla Signs Deal for First India Showroom to Sell Imported EVs
Tesla has signed a lease deal to open its first showroom in Mumbai. The showroom will be situated in the Maker Maxity building in the business and retail hub of Bandra Kurla Complex near the city's airport, according to the papers.
-
AAP Leaders Move Adjournment Notice In Rajya Sabha Seeking To Discuss Rising Delhi Crime
Aam Aadmi Party (AAP) Rajya MP Raghav Chadha filed a Suspension of Business notice in Rajya Sabha under rule 267 on Tuesday, seeking to discuss the 'deteriorating law and order' situation and the 'rise in crimes' in the national capital.
-
Nigeria’s Crypto Investors Urge Government to Follow India's Approach in Tackling Binance Dispute: Report
Crypto investors in Nigeria have asked the government to follow India’s approach and regulate crypto businesses rather than taking extreme measures. While Nigerian authorities are embroiled in a court battle with the exchange after imprisoning two of its executives, India dealt with a similar situation with a measured approach, crypto traders fro...
-
Binance Reaffirms Commitment to Indian Laws Following Significant GST Notice
Binance, facing a GST payment of Rs. 772 crore in India, has promised to comply with local authorities. However, the company has yet to provide further details regarding its situation with the DGGI.
-
Raymond Directors Vow To Safeguard Shareholders' Interest Amid Family Feud
Independent directors of Raymond said they are monitoring the situation arising out of matrimonial dispute of company's Chairman and Managing Director Gautam Singhania to ensure it doesn't affect his capacity to manage affairs and business of firm.
-
Parliament Adjourned On Day 1 Of Monsoon Session Over Manipur: 10 Points
Both houses of parliament were adjourned on the first day of the monsoon session amid protests and outrage over the situation in Manipur. Fifteen opposition MPs had moved asked for the suspension of all business and discussion the ongoing violence.
-
BitGo’s Acquisition of Prime Trust Falls Apart, Leaving Latter to Halt Deposits, Withdrawals: Details
BitGo, based in California, has decided to not go ahead with the acquisition of Nevada-based Prime Trust just two weeks after finalising the deal. While BitGo did not specify exactly what made it pull out of an almost finalised deal, it did say that the decision would fare better for its own business in the coming times.
-
Amit Shah's Assam Visit Postponed To May 26 Over Manipur: Himanta Sarma
The proposed visit of Amit Shah to Assam on May 11 was on Monday postponed to May 26 as the Union Home Minister is busy dealing with the prevailing law and order situation in strife-torn Manipur, Chief Minister Himanta Biswa Sarma said.
-
Genesis, Huobi Resort to Staff Layoffs as Market Pressure Continues to Intensify: Reports
Genesis and Huobi are facing severe impacts of the low-laying crypto market. To keep their respective businesses afloat during these rough market times, Genesis has slashed 30 percent of its workforce. Meanwhile, Huobi is reportedly planning to lay off those staff members who have refused to take their salaries in its HT native token.
-
Law And Order Strong, UP Safe For Business: Yogi Adityanath To Investors
Pitching Uttar Pradesh as a safe investment destination, Chief Minister Yogi Adityanath on Thursday assured industrialists of a strong law and order situation devoid of fear and free of land mafia.
-
Genesis Crypto Brokerage Working to Avoid Bankruptcy Filing, Resolve Lending Business Issues
Genesis, the US crypto brokerage said on Tuesday that it was working to resolve the "current situation in the lending business" without the need for bankruptcy filing, after a report that the firm's creditors were organising with restructuring lawyers in an attempt to stop the brokerage from meeting the same fate as FTX, the crypto exchange that co...
-
Twitter Co-Founder Jack Dorsey Offers Apology Amid Mass Layoffs After Elon Musk Takeover
Twitter Co-Founder and former CEO Jack Dorsey on Saturday apologised to employees at Twitter and workers who had been laid off after Elon Musk's takeover deal, saying he was owning the responsibility for the situation. Dorsey asserted that he was to blame for everyone's present situation and that he was aware that many people were 'angry' with him....
