Amid massive layoffs at Twitter across the world, including in India, and the subsequent backlash, the microblogging site’s new owner Elon Musk on Saturday justified the move, saying there was “no choice” when the company was losing millions of dollars daily.Amid massive layoffs at Twitter across the world, including in India, and the subsequent backlash, the microblogging site’s new owner Elon Musk on Saturday justified the move, saying there was “no choice” when the company was losing millions of dollars daily.
Tag: business
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‘MGL’ Hikes Gas Prices Again; CNG at Rs 89.50
State-owned utility Mahanagar Gas on Friday announced yet another increase in retail prices of auto fuels and cooking gas, citing rising input costs and short supply of gas. This is the second revision since October when the Centre had increased theState-owned utility Mahanagar Gas on Friday announced yet another increase in retail prices of auto fuels and cooking gas, citing rising input costs and short supply of gas. This is the second revision since October when the Centre had increased the
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DCB Bank Raises MCLR Rates Across, Tenors By 27 Bps
Private sector DCB Bank has revised upwards the marginal cost of funds-based lending rate by 27 basis points across tenors. The revised rates will come to effect from November 5, 2022, DCB Bank said in a regulatory filing on Friday.The benchmarkPrivate sector DCB Bank has revised upwards the marginal cost of funds-based lending rate by 27 basis points across tenors. The revised rates will come to effect from November 5, 2022, DCB Bank said in a regulatory filing on Friday.The benchmark
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Reliance Retail Plans, To Enter Into Salon Business; Acquire Stake In Naturals
The country’s largest retailer Reliance Retail is planning to enter the salon business by acquiring a 49 per cent stake in Chennai-based Naturals Salon & Spa, according to sources. Reliance Retail, part of oil-to-chemicals conglomerate Reliance Industries, is in talks withThe country’s largest retailer Reliance Retail is planning to enter the salon business by acquiring a 49 per cent stake in Chennai-based Naturals Salon & Spa, according to sources. Reliance Retail, part of oil-to-chemicals conglomerate Reliance Industries, is in talks with
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World Shares Rise, On Hopes China’s Zero-COVID Policy Easing
By Yuri Kageyama Tokyo, Nov 4 (AP) World shares were higher on Friday, led by gains in Chinese markets as investors grasped at hopes for an easing of the country’s stringent pandemic controls. Hong Kong’s benchmark soared more than 7 perBy Yuri Kageyama Tokyo, Nov 4 (AP) World shares were higher on Friday, led by gains in Chinese markets as investors grasped at hopes for an easing of the country’s stringent pandemic controls. Hong Kong’s benchmark soared more than 7 per
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NIC Cautions General Public Not, To Fall For Fake SMSs Promising Jobs In Its Name
The National Informatics Centre (NIC) has cautioned the general public not to fall for fake SMSs promising jobs in its name and report such messages immediately. NIC probed a fake SMS being circulated which misused its name for a job offer,The National Informatics Centre (NIC) has cautioned the general public not to fall for fake SMSs promising jobs in its name and report such messages immediately. NIC probed a fake SMS being circulated which misused its name for a job offer,
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Five Star Business Finance Sets, IPO Price Band At Rs 450-474
Non-banking lender Five Star Business Finance on Friday said it has fixed a price band of Rs 450-474 per equity shares for its Rs 1,960-crore initial public offering (IPO). The three-day initial share-sale of the Chennai-headquartered non-banking financial company (NBFC) willNon-banking lender Five Star Business Finance on Friday said it has fixed a price band of Rs 450-474 per equity shares for its Rs 1,960-crore initial public offering (IPO). The three-day initial share-sale of the Chennai-headquartered non-banking financial company (NBFC) will
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Hong Kong Shares Soar, On Hopes China COVID Rules May Ease
Shares soared more than 7% in Hong Kong on Friday after a Communist Party newspaper reported that local officials were being urged not to impose overly burdensome controls to curb coronavirus infections. The Shanghai Composite index jumped 2.6% as sentiment alsoShares soared more than 7% in Hong Kong on Friday after a Communist Party newspaper reported that local officials were being urged not to impose overly burdensome controls to curb coronavirus infections. The Shanghai Composite index jumped 2.6% as sentiment also
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PDS Limited Approves Rs 2.50 Interim Dividend For FY 2022-23, Details Inside
PDS Ltd is engaged in the trading of garments, investment holding, design, development, marketing, sourcing and distribution of readymade garments of all kinds and other consumer products worldwide. Monday, November 07, 2022, the board of directors of PDS Limited has approved
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Global Health (Medanta) IPO Attracts Major Anchor Investors, Raises Rs 662 crores
Global Health has attracted a major set of anchor investors, including the likes of Government of Singapore, Nomura, Axis Mutual Fund (MF), HDFC MF, Aditya Birla Sun Life MF, SBI MF, ICICI Prudential MF, Kotak MF, Max Life Insurance Company andGlobal Health has attracted a major set of anchor investors, including the likes of Government of Singapore, Nomura, Axis Mutual Fund (MF), HDFC MF, Aditya Birla Sun Life MF, SBI MF, ICICI Prudential MF, Kotak MF, Max Life Insurance Company and