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Google to lay off ‘a few hundreds’ employees from ad sales team

Jan 17, 2024

San Francisco, Jan 17 (IANS) After laying off nearly 1,000 employees last week, Google is reportedly slashing “a few hundred” more jobs in its advertising sales team as part of an ongoing restructuring exercise.Philipp Schindler, Google's chief business officer, told staff in a memo that the fresh job cuts “were the result of changes to how…

Samsung gears up to herald ‘AI smartphone’ era with Galaxy S24 series

Jan 17, 2024

San Jose, Jan 17 (IANS) In a bid to herald a new ‘AI smartphone’ era, Samsung is all set to unveil its flagship Galaxy S24 series in the US that will come with industry-leading features.The company is set ti launch three models — Galaxy S24…

Business

WEF meet kicks off in Davos with focus on economic downturn, rising inflation

Jan 17, 2024

Davos (Switzerland), Jan 17 (IANS) The World Economic Forum (WEF) has kicked off its 54th meeting in Davos amid an atmosphere of uncertainty about when the global downturn will reverse and when the rising inflation in most countries will be…

Business

RBI wants ceiling for state govts’ guarantees to be fixed at 5% of revenue

Jan 16, 2024

Mumbai, Jan 16 (IANS) The Reserve Bank of India (RBI) on Tuesday recommended that state governments should consider fixing a ceiling for incremental guarantees that they issue during a year at 5 per cent of Revenue Receipts or 0.5 per cent…

Business

World’s richest 5 would take 476 years to go broke if they spend $1 mn daily: Report

Jan 16, 2024

New Delhi, Jan 16 (IANS) It would take 476 years for the world's top five richest men to exhaust all their money if they decided to spend $1 million per day, a new report has said.Tech billionaires like Elon Musk, Mark Zuckerberg and Jeff…

Business

India’s trade deficit may turn volatile due to Red Sea danger: Nomura

Jan 16, 2024

New Delhi, Jan 16 (IANS) India's trade deficit may turn volatile in the coming months given the supply-side disruptions in the Red Sea due to the attacks on commercial ships by Houthi rebels in retaliation to Israel’s action in Gaza,…

Business

Kerala attracted Rs 91,575 crore investment between 2018-23: Study

Jan 16, 2024

Thiruvananthapuram, Jan 16 (IANS) Kerala has successfully attracted over Rs 91,575 crore of new investment projects during 2018-19 to 2022-23, completed projects worth Rs 33,815 crores, and generated new job opportunities, direct and…

Business

Gujarat, Karnataka, Kerala, TN ranked best states for startups

Jan 16, 2024

New Delhi, Jan 16 (IANS) Gujarat, Karnataka, Kerala, and Tamil Nadu were ranked as the best performing states in India at the startups awards function held here on Tuesday.Addressing the startup awards and state ranking awards function,…

Business

Builder can’t take over 10% project cost from buyer as advance or application fee: RERA

Jan 16, 2024

Gurugram, Jan 16 (IANS) The Real Estate Regulatory Authority (RERA) said on Tuesday that no promoter should accept more than 10 per cent of the cost of a flat, plot or building as an advance payment or application fee.Following Section…

Business

Investors wonder if market euphoria is overdone: Experts

Jan 16, 2024

New Delhi, Jan 16 (IANS) Head of Research, Geojit Financial Services, Vinod Nair on Tuesday said that the investors are contemplating whether the current euphoria in markets is far-fetched, especially with elevated domestic valuations in…

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