Business

New York: Apple Inc. is cutting Chief Executive Officer Tim Cook's compensation by more than 40% to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay. As part of the changes, the percentage…

New Delhi: Amazon is shutting down Amazon Distribution, the company’s wholesale e-commerce website that caters to small neighbourhood stores in India. Amid an exercise to wind up certain verticals as part of global exercise to cut costs,…

New Delhi: Binance, the world's biggest cryptocurrency platform, has agreed to buy its financially-troubled rival FTX.com. This comes two day after announcing the sale of ts entire portfolio of FTT tokens of cryptocurrency exchange FTX.…

New York: Facebook-parent Meta will become the latest tech firm to scale back its workforce, with plans to layoff thousands of employees this week, U.S. media reported. The company has watched its share price plummet by more than 70%…

New Delhi: A study by the World Bank has concluded that nearly 80% of people who slipped into poverty in 2020 due to the COVID-19 pandemic hailed from India. Out of 7 crore people globally who became poor that year due to economic losses…

New Delhi: An Indian couple became the country’s first husband and wife to build their respective startups into enterprises with at least $1 billion valuation, also known as unicorns. Oxyzo Financial Services, a digital lending startup…