San Francisco, CA – In a surprising move, tech magnate Elon Musk has decided to close the San Francisco headquarters of X, the social media platform formerly known as Twitter, according to a report by the New York Times. The decision marks a significant shift in the company’s operations and has raised questions about the … Read more
Austin, TX — Dell Technologies is preparing for a significant restructuring effort that will result in the layoff of more than 12,500 employees, accounting for roughly 10% of the company’s global workforce. The job cuts are expected to begin on August 7, 2024, and mark one of the largest workforce reduction announcements in recent months, … Read more
August 5, 2024 Omaha, NE – In an unprecedented move, Warren Buffett’s investment conglomerate, Berkshire Hathaway, has accumulated a staggering $277 billion in cash reserves. This record-high cash pile, coupled with an aggressive sell-off of several key stocks, including a significant portion of the company’s stake in Apple, has caught the attention of the financial … Read more
Silicon Valley, CA – In a dramatic and unprecedented turn of events, major technology stocks saw a significant downturn in a 24-hour trading period. Investors were caught off guard as the market experienced a sharp sell-off, with several tech giants recording substantial losses. Google ($GOOGL) led the decline, plummeting 11%. The company’s stock was heavily … Read more
Bengaluru, August 1, 2024 – Indian multinational corporation Infosys has found itself at the center of a significant controversy following a ‘pre-show cause’ notice issued by the tax authorities. The notice alleges that the company has evaded ₹32,403 crore in Goods and Services Tax (GST) payments for the period from July 2017 to March 2022. … Read more
July 31, 2024 – In a bid to navigate through challenging market conditions, Intel Corporation is reportedly planning to cut thousands of jobs, according to sources familiar with the matter. The news, first reported by Bloomberg, suggests that the official announcement regarding these workforce reductions could come as early as this week. The decision comes … Read more
July 30, 2024 — Ride-hailing startup Rapido has joined the elite club of unicorns, achieving a valuation of $1 billion following a successful $120 million funding round. The entire investment was led by existing backer WestBridge Capital, marking a significant milestone for the Indian startup ecosystem. Founded in 2015 by Pavan Guntupalli, Rishikesh SR, and … Read more
New Delhi, July 29 — Maruti Suzuki India has announced a remarkable achievement in the automotive industry, reporting the sale of more than two lakh Grand Vitara cars in just 23 months. This milestone sets a new benchmark in the mid-SUV segment, underscoring the vehicle’s popularity and the company’s strong market presence. The Grand Vitara, … Read more
Mumbai, July 29, 2024 — International brokerage firm Jefferies has initiated coverage on Adani Green Energy, assigning a ‘buy’ rating and setting a price target of ₹2,130 per share. This new target represents an approximate 18% upside potential from the company’s previous close. In a detailed report, Jefferies highlighted the significant impact of the Khavda … Read more
Punjab National Bank (PNB) has reported a significant boost in its financial performance for the first quarter of the fiscal year 2024, reflecting robust growth and improved asset quality. The state-owned bank’s net profit soared to ₹1,255 crore, marking a substantial increase compared to ₹308 crore in the corresponding quarter of the previous year. This … Read more
