business news

Japan: Toyota Motor Corp. halted production operations on Tuesday in their Japan factories due to a system glitch, said the company spokesperson, as per a Bloomberg report. The Japanese automaker has said that 12 out of 14 plants in the…

New Delhi: In a surprising move, the Indian government has decided to lower the import duties on refined soybean oil and refined sunflower oil. This decision comes as a stark contrast to the market’s expectations, as many anticipated a duty…

Mumbai: In order to prevent money laundering and terrorist-financing activities, the government has decided to keep a closer look on individuals investing in small savings schemes. Many people are now investing money in small saving schemes…

London: HSBC injected nearly £2 billion into the United Kingdom arm of collapsed United States-based Silicon Valley Bank - which it bought this week for a nominal £1, or ₹99 - and is ready to 'deploy more cash and liquidity as needed',…

California: A California regulator shut Silicon Valley Bank on Friday and appointed the Federal Deposit Insurance Corporation as receiver, according to the agency's statement. Silicon Valley Bank became the biggest US lender to fail in…

New York: Meta Platforms Inc., the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees as soon as this week, according to people familiar with the matter. The world’s largest social…

New Delhi: CFA Institute, the global association of investment professionals, has released a new study based on BRSR (Business Responsibility and Sustainability Report) disclosures highlighting the persistent gender gap across the field of…

New York: Billionaire Elon Musk has surpassed France's Bernard Arnault to regain his spot as the world’s richest person, as per the Bloomberg Billionaires Index, on the back of an over 90% surge in Tesla Inc’s stock price this year so far…

Mumbai: The rupee depreciated 19 paise to 82.94 against the US dollar in early trade on Monday, weighed down by a strong American currency and a muted trend in domestic equities. At the interbank foreign exchange, the domestic unit…

China: Ant Group Co. is considering selling a portion of its holdings in Paytm's operator in order to maintain its holdings below a necessary threshold, according to people familiar with the situation, as per a report by Bloomberg. When…