RBI May Hike Repo Rate By Another 50 Bps By February 2027 Amid Inflation Risks: Emkay (AI-generated Image) Emkay Global Financial Services expects the Reserve Bank of India to raise interest rates by another 50 basis points by February 2027, citing rising inflationary pressures and…
Category: Business
Tech Layoffs: EA Shuts BioWare After 30 Years, 400 Jobs Impacted
Chief Studios Officer Cam Weber and COO David Tinson said the company had “taken a hard look at our business” over recent months. Electronic Arts (EA) is shutting down BioWare, the video game studio known for its popular Dragon Age and Mass Effect franchises, bringing…
Jio IPO Day 2: IPO Subscribed 3.50 Times, Retail Portion Fully Booked
Jio Platforms Ltd’s Rs 30,213-crore initial public offering (IPO) continued to attract strong investor demand on the second day of subscription on Thursday. On the Day2 of the IPO, all three investor categories fully subscribed. The IPO has drawn interest from retail investors, qualified institutional…
Tata Brand Must Stay With Promoters, Chandra A Good Executive
The leadership tussle at Tata Sons has evolved into a major corporate governance test, raising fundamental questions about the balance of power between professional managers and a company’s controlling shareholders. At the centre of the dispute is N. Chandrasekaran, widely known as Chandra, whose continuation…
eBay Layoffs: Online Marketplace To Cut 1,000 Jobs Even As CEO Says ‘Our Strategy Is Working’
eBay Layoffs: Online Marketplace To Cut 1,000 Jobs Even As CEO Says ‘Our Strategy Is Working’ (File Image-AP) Online marketplace eBay plans to cut around 1,000 jobs as per a Reuters report. This is approximately 9 percent of eBay’s workforce. In an internal memo reviewed…
Telecom Rules 2026: Here’s What Can Startups Test Under New Framework
The Centre can set up regulatory sandboxes independently or approve proposals submitted by applicants, including in response to government invitations. (File Photo) The government has announced a new framework to help startups, businesses, researchers and individuals test emerging telecommunications technologies under controlled conditions, with the…
OYO IPO: Parent Prism Slashes Fresh Issue By Nearly Half To Rs 3,350 Crore
Prism first filed for an IPO in 2021, seeking a valuation of up to $12 billion, but has repeatedly delayed its listing. (File Photo) Prism, the parent company of budget hotel chain OYO, has sharply reduced the size of its planned initial public offering (IPO)…
IDBI Bank Strategic Sale: Govt, LIC To Become Public Shareholders After Stake Sale, Says DIPAM Secretary
IDBI Bank Strategic Sale: Govt, LIC To Become Public Shareholders After Stake Sale, Says DIPAM Secretary (AI-generated Image) The Government and Life Insurance Corporation of India intend to become public shareholders in IDBI Bank after the proposed strategic sale to Fairfax Financial Holdings Ltd, with…
July 2026 DA Hike: Why Are Central Govt Employees Still Waiting For An Announcement?
The Centre is yet to announce the July 2026 DA hike. (File Photo) Central government employees and pensioners are awaiting the next revision in dearness allowance (DA) and dearness relief (DR), effective from July 1, 2026. Despite recent Cabinet decisions on employee bonuses and expectations…
From Oversold To Overbought: How Jio IPO Help Rupee Recover Against Dollar
Jio IPO Help Rupee Recover Against Dollar. (AI Generated Image) The Indian rupee staged a sharp recovery against the US dollar, moving from heavily oversold levels to overbought territory, as dollar inflows linked to Reliance Industries’ Jio Platforms initial public offering (IPO) helped ease pressure…