Category: Business

Business

I-T department searches Lenovo as part of tax evasion probe

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I-T department searches Lenovo as part of tax evasion probe

Official sources said the I-T department suspects tax evasion by Lenovo and hence, has launched the searches to gather evidence and corroborate actionable intelligence obtained by it in this regard. | Photo Credit: Reuters The income-tax department conducted searches at the premises of IT hardware maker Lenovo on Wednesday (September 27)as part of a tax evasion…

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Business

Stock markets rebound on positive trend in Asian, European equities

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Stock markets rebound on positive trend in Asian, European equities

Stock brokers watch the markets at a brokerage in Kolkata. | Photo Credit: ANI Benchmark equity indices Sensex and Nifty rebounded from early lows to settle higher on Wednesday (September 27) following buying in Reliance Industries, Larsen & Toubro and ITC and positive trends in Asian and European markets. The 30-share BSE Sensex rose by…

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Business

Lulu shopping mall opened in Hyderabad

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Lulu shopping mall opened in Hyderabad

U.A.E-based Lulu Group opened its first shopping mall in the presence of Telangana Municipal Administration Minister K.T. Rama Rao and LuLu Group International chairman & MD M.A. Yusuff Ali, in Hyderabad on September 27, 2023. | Photo Credit: G. Ramakrishna U.A.E.-based retailer Lulu Group on September 27 opened its first shopping mall in Hyderabad and…

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Business

Qatar Airways executive says invasive gynaecological examinations of passengers won’t be repeated

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Qatar Airways executive says invasive gynaecological examinations of passengers won’t be repeated

Representational image only. | Photo Credit: AP A senior Qatar Airways executive told an Australian Senate inquiry on September 27 there would be no repeat of an incident at Doha’s international airport in 2020 in which female passengers were subjected to invasive gynaecological examinations. Australian Transport Minister Catherine King said three weeks ago that the…

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Business

BYJU’s To Lay Off 3,500 Employees Overhired During Pandemic: Report

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BYJU’s To Lay Off 3,500 Employees Overhired During Pandemic: Report

Layoffs in Byjus: With this, total number of employees at BYJU’s will fall to 31,000-33,000. New Delhi: Edtech major BYJU’s may lay off up to 3,500 employees during the current fiscal as it looks to consolidate teams and enhance regional focus, sources privy to the development said. According to one of the sources, BYJU’s had…

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Business

Sensex, Nifty fall in early trade on foreign fund outflows

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Sensex, Nifty fall in early trade on foreign fund outflows

Stock brokers react as during the market trading hours in Kolkata. | Photo Credit: ANI Benchmark equity indices declined in early trade on Wednesday, September 27, 2023, amid weak trends in the US markets and continuous foreign fund outflows. The 30-share BSE Sensex fell 202.34 points to 65,743.13. The Nifty declined 60.55 points to 19,604.15….

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Business

Rupee rises 5 paise to 83.23 against U.S. dollar in early trade

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Rupee rises 5 paise to 83.23 against U.S. dollar in early trade

Representational image | Photo Credit: C. Venkatachalapathy The rupee rose 5 paise to 83.23 against the U.S. dollar in early trade on Wednesday, recovering from its steep loss in the past two sessions amid a massive selling by foreign equity investors and a strengthening American currency. Weak sentiment in the global equity markets and surging…

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Business

U.S. sues Amazon for breaking antitrust law, harming consumers

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U.S. sues Amazon for breaking antitrust law, harming consumers

September 26, 2023 10:01 pm | Updated 10:37 pm IST – WASHINGTON D.C. A logo of the Amazon fulfillment is seen outside the Amazon fulfillment centre in Kent, Washington. File | Photo Credit: Reuters The U.S. Federal Trade Commission filed a long-awaited antitrust lawsuit against Amazon.com on September 26, charging the online retailer with harming…

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