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Amazon competitor Zulily curtails operations, lays off hundreds

Dec 10, 2023

San Francisco, Dec 10 (IANS) Amazon competition Zulily, which was once valued at $7 billion, is laying off hundreds of employees in the US while shutting down operations, according to media reports and state filings.Zulily will lay off 292 workers in Seattle and elsewhere in Washington, effective from February 7, according to a notification from…

Hyundai, Kia’s combined exports set to hit 2 mn in 2023

Dec 10, 2023

Seoul, Dec 10 (IANS) Hyundai Motor, South Korea's top carmaker, and its sister company, Kia, are set to post combined exports of 2 million units in 2023, data showed on Sunday, on the back of the post-pandemic market recovery.Hyundai and…

Business

UK regulator looks into Microsoft’s partnership with OpenAI

Dec 10, 2023

London, Dec 10 (IANS) The UK's competition regulator will look into the partnership between Microsoft and OpenAI, the developer of ChatGPT, including recent developments, to understand the impact the merger could have on competition in the…

Business

Investors can expect good times to continue, more milestones to be crossed

Dec 10, 2023

Mumbai, Dec 10 (IANS) Markets are on cloud 9 and all it took was the ruling party at the Centre to win the three state elections in the Hindi heartland. Rajasthan, Chhattisgarh and Madhya Pradesh were the three states and of them only MP…

Business

Nifty could see correction in Dec second half when FPIs go on vacation

Dec 10, 2023

New Delhi, Dec 10 (IANS) Nifty could remain buoyant aided by resumption of FPI flows, however, the second half of December could see some correction/consolidation as FPIs go away on year-end holidays, HDFC Securities said in a report. At…

Business

FPIs have turned buyers in leading banks

Dec 9, 2023

New Delhi, Dec 9 (IANS) FPIs have made a major comeback to India in December. Even though FPIs made an investment of Rs 9,000 crore in India in November, they were sellers for Rs 368 crore in the cash market. This has changed in December…

Business

Digital public infrastructure driving growth of Indian startups: Industry leaders

Dec 9, 2023

New Delhi, Dec 9 (IANS) The development of digital public infrastructure (DPI) in India in the last decade has steered the growth of startups in the country, industry leaders said on Saturday.Addressing FICCI’s annual general meeting and…

Business

Sri Lanka records $1.8 bn tourism revenue till Nov

Dec 9, 2023

Colombo, Dec 9 (IANS) Sri Lanka recorded $1.8 billion tourism revenue till November this year, 78.3 per cent up from the corresponding period previous year, as per Central Bank of Sri Lanka (CBSL) data.The revenue earned from tourism…

Business

India is a growth engine of the world and fuel of that engine is youth: Rajnath Singh at FICCI AGM

Dec 9, 2023

New Delhi, 09 December 2023: Rajnath Singh, Raksha Mantri, Govt of India today reiterated that 21st century is India’s century and India has emerged as world’s growth engine and is in the position to have a positive impact on other…

Business

Govt to make GIFT City global hub of new age finance & tech services: PM Modi

Dec 9, 2023

New Delhi, Dec 9 (IANS) Prime Minister Narendra Modi on Saturday said the government wants to take GIFT IFSCA beyond traditional finance and ventures and make it the global nerve centre of new age global financial and technology…

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