(Bloomberg Opinion) — With the US economy continuing to dodge recession, the Federal Reserve appears to be in no rush to cut interest rates. But with European economies displaying worrying signs of fatigue from monetary tightening, that’s a luxury the European Central…
Benchmark stock indices Sensex and Nifty tanked around 1 per cent on Thursday dragged by selling in banking and auto shares due to increased uncertainty about the timing of interest rate cuts after the RBI’s monetary policy decision. Sensex, Nifty…
State-owned insurer LIC reported a significant 49 per cent increase in net profit, reaching ₹9,444 crore for the third quarter ending December 2023. In comparison, it had a net profit of ₹6,334 crore in the corresponding period the previous year,…
Sebi on Thursday barred 10 entities, including guests experts, appearing on a business news channel from the securities market and directed seizure of unlawful gains of ₹7.41 crore made by them through alleged stock manipulation. Sebi (REUTERS) In its probe,…
The prolonged wait for OYO’s public market debut might conclude in 2024, according to SoftBank Vision Funds, one of its major backers. OYO During an earnings call, Navneet Govil, executive managing partner and Vision Fund CFO at SoftBank Investment Advisers,…
So far, OpenAI’s ChatGPT was available as an app on any Android phone. As too, on an Apple iPhone. Microsoft’s Copilot (erstwhile Bing AI) has three experiential interaction points on Android and iPhone – a Copilot app, Bing search app…
Zomato reported a significant turnaround in its financial performance for the December quarter with a consolidated net profit of ₹138 crore, contrasting with a net loss of ₹347 crore in the same quarter the previous fiscal year. Zomato(Reuters Photo) The…
Healthcare products distributor firm Entero Healthcare Solutions will open its initial public offering (IPO) for subscription on February 9 and will close its subscriptions on February 13. The company was founded by Prabhat Agarwal and Prem Sethi in 2018. It…
Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday addressed a key briefing on the decision taken by the Monetary Policy Committee (MPC) in the meeting that took place between February 6-8. Reserve Bank of India (RBI) Governor Shaktikanta…
The Reserve Bank of India on Thursday said the action against Paytm was taken due to the fintech firm’s ‘persisted non-compliance’. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm.(Bloomberg) “We give sufficient time to every…