Following the late-day surge seen in the previous session, stocks are likely to see further upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent. The markets may continue to benefit […]
Read moreShareChat lays off 200 staffers as it eyes profitability
Social media unicorn ShareChat has laid off 200 employees, around 15 per cent of its workforce, in another round of layoffs this year to reduce costs and achieve profitability within the next six quarters. In January, Mohalla Tech Pvt Ltd, the parent company of platforms ShareChat and Moj, fired 500 […]
Read moreInterim Budget: No Big Bang Announcements On Cards
If the Budget makes no big announcements on new schemes, projects, or tax giveaways, the government would face a major political dilemma as it may have to reluctantly consider shunning the practice of unveiling pre-election sops to woo voters, notes A K Bhattacharya. Last fortnight, Finance Minister Nirmala Sitharaman made […]
Read morePanda Optics: UK sports eyewear brand thatโs shades above the rest
2024 is looking bigger and brighter than ever for sports eyewear brand Panda Optics as its new goggle opens up the slopes for the snow crowd and more cyclists come on board thanks to its sunglasses. A shining example of what a small business can achieve in a market long […]
Read moreFDA's New Advisory Committee For Genetic Metabolic Diseases
The U.S. Food and Drug Administration announced that it is creating a new advisory committee related to potential treatments for genetic metabolic diseases. The new Genetic Metabolic Diseases Advisory Committee would advise the agency on medical products used for the diagnosis, prevention or treatment of hundreds of different genetic metabolic […]
Read moreGoogle To Pay $700 Mln In Antitrust Play Store Settlement
Alphabet Inc.’s Google has agreed to pay $700 million to settle a lawsuit filed by a group of US states over competition concerns related to its Android App Store. The tech major also agreed to make changes to the way the Android system works, and to allow more competition in […]
Read moreMarkets Anticipate Lower U.S. CPI Readings
Market sentiment remained tethered to expectations of a downtick in the consumer price readings due from the U.S. on Tuesday. Markets also widely expect the Fed to keep rates on hold in the decision to be announced on Wednesday. Wall Street Futures reveal mild gains. European benchmarks are trading mostly […]
Read moreGoogle versus Epic Games verdict in US cheers Indian gaming developers
The verdict in the Google versus Epic Games antitrust case in the US has spread cheer among the Indian gaming and app developers. Ending a three-year legal battle, the San Francisco jury found that Google turned its Play app store and billing service into an illegal monopoly. American video game […]
Read moreMarkets Wary Of Monetary Policy Trajectory
Uncertainty over the future course of monetary policy persisted amidst better-than-expected ISM Services PMI reading and weaker-than-expected Job Openings data from the U.S. Recent dovish comments by ECB officials capped losses. Meanwhile, the uptick in metal prices lifted mining stocks. Wall Street Futures reflect mild gains. European benchmarks are trading […]
Read morePentagon Says All Airmen Aboard US Military Plane Killed In Crash In Japan
The Pentagon has announced that all eight airmen who were on board a U.S. military plane have died in crash off the coast of Japan last week. A CV-22 Osprey was on a routine training mission on November 29 when it crashed into waters off the coast of Yakushima Island […]
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