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DRI carries out searches at Havells India office

Nov 6, 2023

New Delhi, Nov 5 (IANS) The Directorate of Revenue Intelligence (DRI) conducted search operations at the headquarters of leading electronics goods and appliances major Havells India.According to Havells India, the searches were conducted by the DRI which acts by the lead agency to check smuggling and cases of commercial fraud. The company, in a BSE…

Female CEOs fail after taking control of problem-hit companies: Study

Nov 6, 2023

London, Nov 5 (IANS) Women experience a gender tenure gap, lasting in CEO roles at publicly listed companies for shorter periods than men, according to new research.It may support the idea that female leaders are subject to a “glass cliff”…

Business

Headline inflation under control due to LPG price cut, vegetable price correction: Govt

Nov 6, 2023

New Delhi, Nov 5 (IANS) While GDP growth remains on track in 2023-24, the declining trend in headline inflation was briefly interrupted in the second quarter due to a spike in the prices of certain food items, however, according to the…

Business

7th BIMTECH Insurance Colloquium Sheds Light on Climate Change’s Impact on Insurance and…

Nov 5, 2023

November 5th, 2023, Mumbai: Birla Institute of Management Technology (BIMTECH), one of India's leading B-schools, organised the 7th BIMTECH Insurance Colloquium in Mumbai. The Colloquium was themed at "Expanding the Sustainable Value Chain:…

Business

US smartphone shipments decline 19% in Q3 as users delay upgrade

Nov 5, 2023

San Francisco, Nov 5 (IANS) The US smartphone shipments declined 19 per cent in Q3, as Samsung, Google and TCL saw steep declines of 26 per cent, 37 per cent and 51 per cent, respectively, in their shipments.Motorola and Nokia HMD managed…

Business

Markets holding but no clarity on breakout

Nov 5, 2023

New Delhi, Nov 5 (IANS) Markets were choppy and volatile in the week gone by. They did recover from the previous week’s lows and staged some sort of a rally, but are yet to get out of the woods completely. The super sharp rally in the US…

Business

Given the ongoing result season, sector and stock specific action will continue

Nov 5, 2023

New Delhi, Nov 5 (IANS) Investors will closely scrutinise the economic data from the US, including the PMI and nonfarm payroll releases, to gain further insights into US economic performance, says Vinod Nair, Head of Research at Geojit…

Business

Viasat to lay off 800 employees post Inmarsat acquisition

Nov 5, 2023

San Francisco, Nov 5 (IANS) Global communications company Viasat is laying off 800 employees, about 10 per cent of its workforce, and the impact will spread across the business in terms of geographies and divisions.The layoffs came as the…

Business

Negative tribunal order, negative indices to overshadow WB biz summit

Nov 5, 2023

Kolkata, Nov 5 (IANS) The Bengal Global Business Summit, the annual event held by the West Bengal Government to showcase the state as an ideal investment destination will be held this year under the twin shadows of the negative order…

Business

Democrats oppose IRS cuts in Israel funding bill, hope to block it in Senate

Nov 5, 2023

Washington, Nov 5 (IANS) The battle lines are drawn as the Democrats will take on the Republicans in the Senate on Monday for excluding Ukraine in the legislation the House of Representatives passed on Thursday to provide $14.3 billion in…

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