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Fortnite maker Epic Games laying off 16% of its workforce

Sep 29, 2023

San Francisco, Sep 28 (IANS) Fortnite game developer Epic Games on Thursday announced to lay off 16 per cent percent of its employees, impacting nearly 870 people.Epic CEO Tim Sweeney sent an email to Epic employees, saying the company is laying off around 16 per cent of Epic staff."We're divesting Bandcamp (online audio distribution platform) and…

Demands for fair share charge on OTT companies smack of rent-seeking: IAMAI

Sep 28, 2023

New Delhi, Sep 28 (IANS) The Internet and Mobile Association of India (IAMAI) on Thursday once again countered the Telecom Regulatory Authority of India’s (TRAI) proposal on selective banning of OTT or internet services, saying such demands…

Business

Crystal Crop boosts agri-business portfolio with acquisition of Sadanand Cotton Seeds from Kohinoor…

Sep 28, 2023

New Delhi, Sep 28 (IANS) Crystal Crop Protection Limited, one of the fast-growing R&D-based crop protection manufacturing and marketing companies in India, has strengthened its cotton seeds portfolio with the strategic acquisition of…

Business

Tourism stakeholders have to focus on infrastructure, marketing: Kerala FM

Sep 28, 2023

Thiruvananthapuram, Sep 28 (IANS) Kerala Finance Minister K. N. Balagopal on Thursday said considering the immense scope of Kerala’s tourism industry to contribute more revenue to the state, the stakeholders in the sector should focus more…

Business

World stocks on track for longest losing streak in two years

Sep 28, 2023

New Delhi, Sep 28 (IANS) World stocks were on track for their longest losing streak in two years on Thursday as the sight of oil prices heading for $100 a barrel compounded concerns about persistently high global interest rates while…

Business

Eutelsat-OneWeb integrated group to offer GEO-LEO satellite communications service

Sep 28, 2023

Chennai, Sep 28 (IANS) Eutelsat Communications SA, one of the world's leading satellite operators, on Thursday announced the completion of its all-share combination with OneWeb, the global low Earth orbit (LEO) satellite communications…

Business

India’s external debt edges past $629 billion

Sep 28, 2023

New Delhi: India's external debt rose by $4.7 billion in the April-June quarter to touch the USD 629.1 billion mark, although the debt-GDP ratio declined, RBI data released on Thursday showed."The external debt to GDP ratio declined to 18.6…

Business

Nifty falls 165 points on selling pressure as oil prices surge

Sep 28, 2023

New Delhi, Sep 28 (IANS) Nifty opened flat but soon witnessed selling pressure on account of surge in oil prices and weak global cues. Nifty fell by 165 points (-0.8 per cent) to close at 19,551 levels, Siddhartha Khemka, Head - Retail…

Business

ICICI Lombard stock reacts after company receives GST show cause notice of Rs 1728 crore

Sep 28, 2023

New Delhi, Sep 28 (IANS) After receiving warning from Directorate General of GST Intelligence (DGGI) for failing to pay tax of around Rs 1,728 crore for a period of five years beginning in July 2017 and ending in March 2022, ICICI Lombard…

Business

Asian Paints’ Non-Executive Director Ashwin Dani passes away

Sep 28, 2023

New Delhi, Sep 28 (IANS) Asian Paints' Non-Executive Director Ashwin Dani, passed away on Thursday after a brief illness. He was 79.Dani was associated with the company since 1968 and has been a strong force in heralding the company to…

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