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Warner Music Group to cut 600 jobs to invest more in music

Feb 8, 2024

San Francisco, Feb 8 (IANS) Global music entertainment company Warner Music Group has announced to lay off 10 per cent of its workforce, or about 600 employees, in order to free up more money for music investment across the next decade. The majority of affected employees will be at the company’s owned and operated media properties, corporate and…

Sensex tanks more than 600 points after RBI credit policy

Feb 8, 2024

New Delhi, Feb 8 (IANS) BSE Sensex tanked more than 600 points after RBI announcement of credit policy with banks leading the fall.Sensex was trading at 71,523.08 points down by a massive 628.92 points or 0.87 per cent.Axis Bank, ICICI…

Business

RBI leaves repo rate untouched at 6.5% for 6th time in a row

Feb 8, 2024

Mumbai, Feb 8 (IANS) The RBI on Thursday left the repo rate unchanged at 6.5% for the sixth consecutive time as part of its policy to keep inflation in check and at the same time spur growth in the economy. Five out of six members of…

Business

Disney to invest $1.5 bn in Epic Games to create games, entertainment universe

Feb 8, 2024

San Francisco, Feb 8 (IANS) Entertainment giant Disney has said that it will invest $1.5 billion to acquire an equity stake in the 'Fortnite' maker Epic Games and work with the game developer to create a "games and entertainment…

Business

Essar’s sustainability initiatives propel India’s energy transformation

Feb 8, 2024

New Delhi, Feb 8 (IANS) Essar, a prominent player in India's energy landscape, is charting a new course towards sustainability. At the recent India Energy Week, the company unveiled an ambitious plan to reshape the nation's energy…

Technology

Kinetic Green launches E-Luna,

Feb 7, 2024

New Delhi, 07th February 2024: Kinetic Green, a leading manufacturer of electric vehicles in India, proudly introduced the highly anticipated E-Luna today, a stylish, multi-utility electric two-wheeler with advanced technology and features,…

Business

Monsoon trawl ban not detrimental to prawn resources: CMFRI study

Feb 7, 2024

Kochi, Feb 7 (IANS) A new study by the ICAR-Central Marine Fisheries Research Institute (CMFRI) has found that the monsoon trawl ban is not detrimental to kiddi prawn resources. The study, instead, has reaffirmed the efficacy of trawl ban…

Business

Freshworks reports 20% revenue growth, unleashes latest GenAI across products

Feb 7, 2024

San Francisco, Feb 7 (IANS) Software major Freshworks has reported 20 per cent growth in its revenue for the fourth quarter of 2023, as it doubles down on using latest generative AI across its products.Total revenue was $160.1 million in…

Business

India’s smartwatch shipments grow 50% in 2023, Fire-Boltt leads: Report

Feb 7, 2024

New Delhi, Feb 7 (IANS) India’s smartwatch shipments have witnessed 50 per cent (year-on-year) growth in 2023, with Fire-Boltt leading the market, a new report said on Wednesday. According to Counterpoint Research, this growth was fueled by…

Business

DBS slashes CEO’s bonus by 30% after disruptions to its digital services

Feb 7, 2024

Singapore, Feb 7 (IANS) Singapore's biggest bank DBS has slashed its CEO's bonus by 30 per cent after disruptions to its digital services, despite it posting a record profit, a media report said.The company said the cut to CEO Piyush…

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