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A customer exits the lobby of JPMorgan Chase & Co. headquarters in New York. | Photo Credit: Reuters JPMorgan Chase started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday (February 12, 2025), as it begins one of several planned reductions this year. Fewer than 1,000…
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File image used for representative purpose only. | Photo Credit: Reuters Benchmark indices Sensex and Nifty pared early gains to close lower for the seventh straight day on Thursday (February 13, 2025), dragged by fag-end selling in select IT and banking shares and foreign fund outflows. The 30-share BSE Sensex dipped 32.11 points or 0.04%…
Read More “Sensex Nifty pare gains to close lower for 7th day in a row” »
(From left) Nissan chief executive Makoto Uchida, Mitsubishi Motors CEO Takao Kato, and Honda chief executive Toshihiro Mibe leave after a joint news conference in Tokyo, Japan. File | Photo Credit: AP Japanese automakers Honda, Nissan and Mitsubishi said on Thursday (February 13, 2025) they are ending talks on business integration. Nissan Chief Executive Makoto…
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Logos of Nissan Motor Corporation and Honda are seen at a joint press conference on their merger talks, in Tokyo, Japan. | Photo Credit: Reuters Honda and Nissan on Thursday announced the scrapping of merger talks that would have created the world’s third-biggest auto company by unit sales behind Toyota and Volkswagen. Here are some…
The Adani Group is going ahead with the construction of the West Container Terminal at the Colombo port, along with the Sri Lanka Ports Authority (SLPA) and conglomerate John Keells Holdings. File | Photo Credit: Reuters Adani Green on Wednesday (February 12, 2025) withdrew from a controversial renewable energy project in northern Sri Lanka, amid…
Read More “Adani Green withdraws from controversial renewable energy project in Sri Lanka” »
Since February 4 till February 12, the BSE bellwether gauge had slumped 2,412.73 points or 3.07%, while the Nifty tanked 694 points or 2.92%. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty rebounded in early trade on Thursday (February 13, 2025) following a better-than-expected decline in CPI inflation in January and value-buying…
Read More “Markets rebound in early trade after 6-day slump” »
For representative purposes. | Photo Credit: iStockphoto The story so far: For the sixth consecutive day, BSE Sensex closed lower on Wednesday reflective of a major sell-off among foreign institutional investors and portfolio investors (FIIs/FPIs), mixed earnings and apprehensions about the tightening of the (imports’) tariff regime in the U.S. The thirty-share BSE shed 122.52…
Read More “What is contributing to the downturn in Indian markets? | Explained” »
Starlink updated its product availability map on February 12, 2025, making Bhutan the 121st country in the world to join its footprint. File | Photo Credit: AFP Even as all eyes are on Prime Minister Narendra Modi’s visit to Washington for talks with U.S. President Donald Trump and his key advisors, Elon Musk’s Starlink has…
The Union Government, RBI and Finance Commission should work together to enforce fiscal discipline in states, a research paper by the National Council of Applied Economic Research (NCAER) said. The paper titled ‘The State of the States: Federal Finance in India’ further said heavily indebted states could be given some debt relief in return for…
Read More “Government, RBI, FC should work together to enforce fiscal discipline in states: NCAER” »
Image for representative purpose | Photo Credit: PTI India’s industrial output growth dropped to a four-month low of 3.2% in December, with manufacturing and mining sectors rising just 3% and 2.6%, respectively, and consumer non-durables’ production slipping 7.6% from a year ago. The National Statistics Office (NSO) also downgraded the industrial production growth assessment for…
Read More “India’s industrial output growth drops to four-month low of 3.2% in December” »