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Home  Business

Business

Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

  • Netflix declines to raise its offer to buy Warner, says deal is ‘no longer financially attractive’

    Netflix declined to raise its bid for Warner Bros. Discovery, clearing the way for a higher offer from Paramount Global backed by Skydance, potentially reshaping Hollywood amid regulatory and antitrust scrutiny
  • Alembic Pharma secures USFDA nod for generic drug

    Alembic Pharmaceuticals has received final approval from the USFDA for its Lamotrigine orally disintegrating tablets used in the treatment of various seizure disorders.
  • Sovereign green bonds continue to anchor India market: Report

    Sovereign green bonds continue to anchor India’s modest sustainable bond market, dominating 62–94% of issuance. Social bonds remain niche. Despite $180 billion Asia-Pacific maturities in 2026, India’s green bonds gain investor demand, supporting climate finance goals amid economic and regulatory challenges
  • Anil Ambani appears before ED in money laundering case

    Reliance Group chairman Anil Ambani appeared before the Enforcement Directorate in Delhi for fresh questioning in a Rs 40,000 crore bank fraud-linked money laundering case involving Reliance Communications. The ED recently attached his Mumbai residence and formed an SIT
  • Stock markets trade higher in early deals on buying in IT shares, fresh foreign fund inflows

    Mumbai markets opened higher as Sensex and Nifty gained on strong IT buying, fresh FII and DII inflows, and positive US cues. Tech Mahindra and Infosys led advances, while banking and cement stocks lagged amid stable domestic fundamentals and sectoral rotation
  • Opinion: Union Budget 2026–27—A reality check for Viksit Bharat 2047

    Budget 2026 rightly focuses on infrastructure investment, but physical assets must be complemented by sustained investment in human capital
  • Govt mandates 20 percent ethanol-blended petrol nationwide from April 1

    The Indian government has directed oil companies to sell petrol blended with up to 20 per cent ethanol and a minimum RON of 95 from April 1, 2026. This move aims to reduce oil imports, cut emissions, and boost demand for crops like sugarcane and maize.
  • MoUs worth Rs 11,000 cr signed with Japanese firms on first day of Yogi’s Japan visit

    Uttar Pradesh Chief Minister Yogi Adityanath secured MoUs worth Rs 11,000 crore with leading Japanese firms during his Japan visit. Agreements across manufacturing, automotive electronics, infrastructure, hospitality and real estate aim to boost industrial capacity and strengthen India-Japan economic cooperation
  • Coal India arm SECL identifies 7 mine dumps for rare earth exploration

    South Eastern Coalfields Ltd, a subsidiary of Coal India Ltd, has identified seven mine overburden dumps for rare earth element exploration. Scientific studies and tendering are underway, aiming to boost domestic critical mineral supply and reduce import dependence
  • Sensex, Nifty post strong gains led by recovery in IT stocks

    Indian equity markets surged in early trade, led by IT stocks tracking Wall Street gains. Sensex jumped 559 points and Nifty rose 157 points. Broad-based buying supported indices, though geopolitical tensions, firm crude prices and AI-related concerns kept overall sentiment cautious
  • Rupee rises 6 paise to 90.89 against US dollar in early trade

    The rupee strengthened by 6 paise to 90.89 against the US dollar in early Mumbai trade, supported by a weaker dollar and strong domestic equities. However, rising global crude prices and continued FII outflows capped further gains, keeping the currency range-bound 
  • Bombay HC: Not every breach of RBI fraud rules warrants court review in Anil Ambani case

    The Bombay High Court has lifted the stay on three public sector banks, allowing them to classify Anil Ambani’s and Reliance Communications’ accounts as fraud. The division bench ruled that RBI’s Master Directions are meant to safeguard public money and cannot be diluted through judicial intervention.
  • Gold and silver prices dip amid profit booking as US dollar gains

    Gold and silver prices fell on Tuesday due to a stronger US dollar and profit-taking after previous gains. Geopolitical uncertainties, US-Iran talks, and tariff concerns moderated declines, while analysts maintained medium- and long-term optimism for bullion supported by industrial demand and supply constraints
  • Markets slump nearly 1 pc on IT rout; Trump tariff worries hit investor sentiment

    Benchmark indices Sensex and Nifty fell nearly 1 per cent in early trade, led by a sharp selloff in IT stocks amid AI disruption fears. Rising crude prices and fresh tariff concerns following US President Donald Trump’s remarks further dampened investor sentiment
  • Opinion: India’s Tobacco Tax 2026—Public health or revenue strategy?

    Tobacco control must go beyond taxation and reflect a moral commitment to prioritising public health over revenue
  • Rs 590-crore fraud: IDFC First Bank shares crash 20%

    Shares of IDFC First Bank plunged nearly 20 per cent after the lender disclosed a Rs 590-crore fraud involving Haryana government accounts. The Haryana government de-empanelled IDFC First Bank and AU Small Finance Bank from government business with immediate effect
  • IDFC Bank fraud: No systemic risk here, we’re watching developments, says RBI Governor

    RBI stated there is no systemic risk to the banking system following a Rs 590-crore fraud at IDFC First Bank’s Chandigarh branch. Four officials were suspended; the stock fell sharply amid ongoing investigation
  • Hyderabad becomes The Hartford’s first home in India

    The Hartford launched its first-ever Global Technology Centre in Hyderabad, spanning 1,60,000 sq. ft., focusing on AI, digital innovation, and engineering. The centre aims to scale to 1,200 employees, supporting global technology transformation
  • Precious metals surge over growing geopolitical tensions

    Gold and silver prices surged in Mumbai amid geopolitical tensions and a weaker US dollar. MCX gold rose 1.83% to Rs 1,59,749/10g, while silver gained 5.10% to Rs 2,65,836/kg, driven by Iran-US negotiations, US tariff rulings, and safe-haven demand
  • Stock markets trade higher in early session tracking rally in Asian peers

    Indian benchmark indices BSE Sensex and NSE Nifty 50 opened higher, tracking Asian gains after the Supreme Court of the United States struck down Trump-era tariffs. Banking stocks led advances, though analysts expect only a short-lived relief rally
  • iPhone becomes India’s top single export item worth $23 billion last year

    In 2025, Apple’s iPhone became India’s top export, with $23 billion shipped, driven by PLI incentives and supply chain diversification. Smartphones led exports, as India emerged as a major producer, while Apple expanded manufacturing, retail presence, and revenue growth
  • Opinion: Work from anywhere, belong nowhere

    Even the most ardent advocates of remote work often admit to feeling isolated, struggling to maintain professional momentum, or wondering if their contributions are visible in the virtual crowd
  • Editorial: Towards democratising the Artificial Intelligence

    Only by democratising AI can it become a tool for inclusion and empowerment, particularly for the Global South
  • Market cap of six top-10 firms jump Rs 63,478 crore

    India’s top-10 companies saw mixed market performance last week, with Larsen & Toubro and State Bank of India leading gains of Rs 28,523 crore and Rs 16,015 crore, while Bharti Airtel and ICICI Bank faced major valuation declines
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