The Indian government is contemplating a divestment of up to $1.5 billion in Life Insurance Corporation (LIC) shares before the end of 2025. This move is influenced by the Securities and Exchange Board of India (SEBI) float rule requiring minimum public shareholding for listed companies. India plans up to $1.5 billion LIC stake sale by…
Paramount Pictures announced plans to lay off approximately 2,000 employees as part of a major restructuring effort aimed at streamlining operations and enhancing competitiveness. The CEO described the job cuts as a necessary step toward long-term success despite the short-term challenges. Paramount Pictures to lay off 2,000 workers in major restructuring move aimed at future…
Apple has become the third publicly traded company to reach a $4 trillion market capitalization, propelled primarily by robust iPhone sales rather than artificial intelligence advancements. This milestone marks a significant achievement amid tech industry volatility, with Apple demonstrating strong financial performance and sustained consumer demand. Apple joins $4 trillion market cap club driven by…
The Reserve Bank of India (RBI) has issued updated guidelines concerning nomination in new bank accounts starting 2025, addressing whether nomination is mandatory. This article explains the latest rules, implications for account holders, and clarity provided by the RBI. RBI’s 2025 bank account nomination rules require banks to offer nomination; nomination remains optional for account…
Fiserv Inc. reported earnings below analyst expectations, leading to a sharp 44% drop in its stock price. The company cited worsening economic conditions in Argentina and announced a leadership reshuffle, triggering investor concerns and market volatility. Fiserv stock plunges 44% after earnings miss and leadership changes; Argentina’s economic slowdown intensifies challenges for the fintech firm….
An elderly couple filed a complaint against an airline after being charged for premium seats despite free seats being available on their flight. The regulatory authority ruled in favor of the passengers, awarding compensation and setting a precedent for fair airline practices. Elderly couple wins compensation after airline charged for premium seats despite free availability,…
Toshihiro Suzuki, President of Suzuki Motor Corporation, emphasized the importance of India as Suzuki’s most critical market during a recent address. He highlighted India’s role in Suzuki’s global strategy and future growth plans, reflecting the company’s commitment to expanding its presence in the country. Suzuki Motor Corporation’s president names India its most critical market, highlighting…
Amazon is set to restructure its operations in India, affecting up to 1,500 employees. The shake-up aims to realign the company’s resources amidst shifting business strategies and market dynamics in the region. Amazon announces restructuring in India impacting up to 1,500 employees, focusing on strategic realignment amidst competitive market conditions. Bengaluru, India – Amazon has…
India’s Commerce and Industry Minister Piyush Goyal underscored the importance of reducing dependence on foreign technology to foster sustainable economic growth. Addressing stakeholders, he highlighted initiatives aimed at boosting domestic innovation and technological self-reliance. Piyush Goyal stresses cutting foreign technology dependence as key to India’s economic growth and technological self-reliance in 2025. New Delhi, October…
The rapid growth of Unified Payments Interface (UPI) transactions has significantly reduced the usage of debit cards for retail payments, confining their primary use to cash withdrawals at ATMs. This shift highlights changing consumer preferences towards digital payments in India. UPI transactions in India have surged, reducing debit card usage mainly to ATM withdrawals as…
