China Stocks Surge: Best Month in Nearly a Decade Thanks to Stimulus Boost Introduction In an impressive display of economic recovery, China’s stock market has experienced its best monthly performance in nearly a decade. This resurgence is primarily attributed to a series of government-led stimulus measures aimed at revitalizing the economy. But what exactly are […]
Unveiling Major Corporate Contributions: Electoral Bonds Surge Positively Amidst Election Season
Introduction to Electoral Bonds and Corporate Involvement In a significant revelation by the Election Commission of India (ECI), the forefront of India’s corporate giants, including the likes of Bajajs, Birlas, and Mahindras, have been disclosed as major contributors to the political sphere through electoral bonds. This announcement comes at a crucial time as the country […]
Exports see fastest growth in 20 months led by engineering
[ad_1] New Delhi: India’s goods exports clocked the fastest growth in 20 months, rising 11.9% to $41.4 billion, the highest value of shipments since last March. Imports grew 12.1% to top $60 billion, resulting in a the trade fails of $18.7 billion.“If you look at the 11 months period of the financial year this is […]
US court bars Byju’s from using $533mn it borrowed
[ad_1] MUMBAI: In a major setback for troubled startup Byju’sa US bankruptcy court has passed an order in favour of the edtech company’s term loan lenders, disabling the firm from transferring or using $533 million received as part of loan proceeds, essentially freezing the assets. The loan amount – which has been at the centre […]
IBM CEO Arvind Krishna’s salary jumps 23% to $20 million
[ad_1] BENGALURU: IBM chairman and CEO Arvind Krishna’s compensation jumped 23% to $20 million in 2023 from $16.5 million in the year-ago period, the company’s 2024 proxy statement showed. For the 2023 performancethe board approved an annual incentive payment of $3.5 million for Krishna, which was 117% of target. His base salary of $1.5 million […]
Missing middle in IT firms pose challenges to fulfil cloud deals
[ad_1] BENGALURU: The conspicuous case of missing middle (talent) in IT firms is posing newer challenges in complex outsourcing deals especially in cloud migration projects.The huge vacuum in the installed talent pool of middle management and senior executives in IT firms has led to a decline in decades of institutional knowledge that was integral to […]
AI raises cybersecurity risks: RBI governor
[ad_1] MUMBAI: RBI governor Shaktikanta Das on Friday said that with the advent of AI, cybersecurity challenges can rise manifold, and called upon financial institutions to dedicate substantial efforts to protect customer information.Regulated entities serve as repositories of data on financial transactions, customer interactions, and operational activities, the governor said in his inaugural address at […]
Fee dispute: CCI to probe Google’s app billing policy
[ad_1] MUMBAI: The Competition Commission of India on Friday ordered a probe into Google’s Play Store billing policy, which has been at the centre of the tech giant’s dispute with local app developers who claim that it is discriminatory in nature. In its 21 page order, the fair trade regulator observed that the revenue distribution […]
Forex reserves jump to 2-year high of $636 billion
[ad_1] MUMBAI: The country’s foreign exchange reserves rose for a third straight week and reached a more than two-year high of $636.1 billion as of March 8, data from the central bank showed on Friday. The reserves jumped by $10.5 billion in the reporting week, the biggest jump since the week ended July 14, 2023. […]
Sebi approves trial run of same-day stock settlement
[ad_1] MUMBAI: Markets regulator Sebi on Friday said that it would soon start a pilot project for moving to a T+0 settlement regime in the stock market on an optional basis, limited to 25 stocks and with a select few brokers. The board will again review the roll-out after three and six months from the […]