BUSINESS/ECONOMY

Google clarifies after fake note claims Gmail is shutting down

New Delhi, Feb 23 (IANS) Clarifying the rumours that created havoc among users that Google is shutting down Gmail, the tech giant on Friday...

Strong earnings report from Nvidia bolsters optimism on Wall Street

New York, Feb 22 (IANS) US stocks soared higher on Thursday after a strong earnings report from tech giant Nvidia bolstered investor optimism on...

PM Modi hails Amul’s contribution, urges brand to become global leader

Ahmedabad, Feb 22 (IANS) Prime Minister Narendra Modi on Thursday celebrated the success of Amul, urging the dairy brand to aim for global leadership. Speaking...

India to lead global chip value chain with friendly govt policies: US report

New Delhi, Feb 21 (IANS) Global competition for chip investment is fierce and India is set to expand its role in the semiconductor value...

RBI economists reject IMF view that India’s debt-GDP ratio may shoot up

Mumbai, Feb 20 (IANS) RBI economists, in a report released on Tuesday, rejected the IMF view that India’s debt-GDP ratio has the potential of...

China makes biggest cut to mortgage rate to boost housing market

Hong Kong, Feb 20 (IANS) China’s central bank has cut its key mortgage reference rate by a record amount, as it ramps up efforts...

Walmart’s acquisition of TV maker Vizio to boost its ad business

San Francisco, Feb 20 (IANS) Retail giant Walmart on Tuesday said it is acquiring US-based TV maker Vizio in a deal valued at nearly...

Nike to slash over 1,600 jobs to cut costs

San Francisco, Feb 16 (IANS) Sportswear giant Nike has said that it will lay off about two per cent of its workforce or more...

Musk says he bought Twitter to improve civilisational lifespan

New Delhi, Feb 16 (IANS) Elon Musk on Friday said that he acquired Twitter (now called X) for $44 billion to improve the "civilisational...

Japan loses third-largest economy spot to Germany, slips into recession

New Delhi, Feb 15 (IANS) Japan has slipped to the world's fourth-largest economy as it fell behind the size of Germany's in 2023, says...