The Reserve Bank of India has cut the repo rate by 25 basis points to 5.25%, even as the monetary policy committee tries to balance India’s record-low inflation against a plunging rupee and 8%-plus GDP growth rate. After keeping the repo rate unchanged in the past two monetary policy meetings, RBI Governor Sanjay Malhotra had […]
Wakefit Innovations Ltd. has reduced the size and declared the price band for its IPO for a valuation of up to ₹6,000 crore. Wakefit is a mattress and home furnishings company in India. (Unsplash) On offer in the Wakefit IPO are new shares worth ₹377 crore—as against ₹468 crore planned earlier—alongwith an offer-for-sale of 4.67 […]
Apple Inc. has eliminated dozens of sales roles in a bid to streamline the way it offers products to businesses, schools and governments, marking a rare layoff for the iPhone maker. Apple relies less on layoffs than many of its tech peers, with CEO Tim Cook saying previously that the move is a “last resort”. […]
India’s retail inflation rate fell to its lowest on record in October 2025 due to a sharp drop in food inflation and GST rate cuts. Vegetable prices declined 27.57% after a 21.38% fall a month ago. (ANI) The consumer price index — a measure of India’s retail inflation — rose 0.25% from a year earlier, […]
Novo Nordisk A/S has cut the prices its weight-loss drug Wegovy by up to 37% in India, as the Danish drugmaker looks to hold its own against Eli Lilly & Co.’s Mounjaro in a country that’s home to the third largest obesity population in the world. Novo Nordisk will sell Poviztra 2.4 mg semaglutide injection […]
Big Tech continues to cut jobs and make advances in artificial intelligence (AI). Amazon has planned to cut up to 30,000 jobs, procedures for which began on Tuesday. According to a Reuters report, the company is doing so to pare expenses and compensate for over-hiring during the peak demand of the pandemic, according to three […]
Gold staged a partial recovery following a run of losses as traders weighed conflicting views from the US Federal Reserve on chances of more rate cuts. Higher interest-rates tend to pose a headwind for non-yielding gold. (AFP) Gold prices rose as much as 0.9% to trade near $3,967 an ounce after falling almost 5% over […]
Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company works to pare expenses and compensate for overhiring during the peak demand of the pandemic, according to three people familiar with the matter. The cuts beginning this week may impact various divisions within Amazon, including human resources, known […]
Hindustan Unilever Ltd. has reported financials for the fiscal second quarter that show the initial impact of GST 2.0 on its supply chains. HUL expects H2 FY26 to be better than H1 FY26. (Reuters) Consolidated net profit of India’s largest FMCG maker rose 3.81% year-on-year to ₹2,694 crore in the three months ended 30 September […]
Jerome Powell signalled more US Fed rate cuts are in the offing as a slowdown in jobs creation poses a growing risk to the US economy, AFP reported on Tuesday, citing written remarks by the chair of the US Federal Reserve. Chair Jerome Powell has reiterated that the US Federal Reserve is slightly more worried […]
