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Samsung unveils new unit to explore new business opportunities

Nov 27, 2023

Seoul, Nov 27 (IANS) Samsung Electronics, the world's largest maker of memory chips and smartphones, said on Monday it has established a unit tasked with exploring new business opportunities, as part of the electronics giant's annual reshuffle of its top-level executives.The unit, called the "Future Business Planning Division," will be led by…

India’s equity derivatives growth in fast-lane

Nov 27, 2023

New Delhi, Nov 27 (IANS) India is the third-largest market in terms of cash market volumes and the largest market for equity derivatives. Surge in investor participation and sachetization of equity derivatives has lifted derivatives volumes…

Business

Americans may be forced to finally pull back on their post-Covid spending spree

Nov 27, 2023

New York, Nov 27 (IANS) Some experts think the combination of high housing costs, rising credit card debt and shrinking savings could mean the end of post-Covid splurges, maybe even as soon as this year’s holiday shopping season, the media…

Business

Russia adds Meta spokesperson to its criminal wanted list

Nov 27, 2023

Moscow, Nov 27 (IANS) Russian Ministry of Internal Affairs has put Meta spokesperson Andy Stone to its wanted list under a criminal article. Stone "is wanted under an article of the Criminal Code of the Russian Federation,” reports…

Business

Generative AI to replace 46% of time spent on accounting tasks in India

Nov 27, 2023

New Delhi, Nov 27 (IANS) Generative AI has the potential to automate 46 per cent of time spent on accounting tasks in India by 2032, a new report showed on Monday. About 30 per cent or more of the time spent on tasks involved in some…

Business

China investigates major shadow bank Zhongzhi for crimes

Nov 27, 2023

Singapore, Nov 27 (IANS) Chinese officials have launched an investigation into one of the country's biggest shadow banks, which has lent billions to real estate firms, the media reported.Zhongzhi Enterprise Group (ZEG) has an asset…

Business

Google’s appeal against CCI’s Rs 936 cr penalty delayed by NCLAT: Report

Nov 27, 2023

New Delhi, Nov 26 (IANS) The National Company Law Appellate Tribunal (NCLAT) has postponed the final hearing of Google's appeal against the Competition Commission of India's (CCI) order imposing a penalty of Rs 936 crore, media reports…

Business

Eventful week but one where markets would remain range bound

Nov 26, 2023

New Delhi, Nov 26 (IANS) The week gone by could be dedicated as a special IPO week as we had five issues opening and closing for subscription. They consisted of one PSU and four private issues. Tata Technologies was entirely an offer for…

Business

Big market for NPOs to raise funds

Nov 26, 2023

New Delhi, Nov 26 (IANS) Change in nomenclature from 'social auditor' to 'social impact assessor' is not just replacement of words but overall change in the way of working of NPO. It's not just about verifying whether utilisation was done…

Business

Sectors like jewellery, apparel, hotels, aviation to gain traction with the onset of wedding season

Nov 26, 2023

New Delhi, Nov 26 (IANS) With the onset of wedding season, sectors like jewellery, apparel, hotels, aviation and other related industries are likely to gain traction. "Next week, we expect some momentum in market to return as investors will…

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