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Big US banks report largest jump since the pandemic in loan losses-thumnail

Big US banks report largest jump since the pandemic in loan losses

As rising interest rates put increasing pressure on consumers throughout the economy, the leading US banks are expected to disclose this week the highest increase in loan losses since the start of the coronavirus outbreak.

Finance

Jul 10, 2023

The French luxury group Kering acquired Creed for €3.5 billion-thumnail

The French luxury group Kering acquired Creed for €3.5 billion

As the owner of Gucci begins a strategically significant push into the cutthroat high-end beauty market, French luxury giant Kering spent €3.5 billion to purchase the fragrance company Creed. Four

Business

Jul 10, 2023

‘I am truly frightened,’ says Paytm CEO Vijay Shekhar Sharma after reading an OpenAI post regarding human extinction-thumnail

‘I am truly frightened,’ says Paytm CEO Vijay Shekhar Sharma after reading an OpenAI post regarding human extinction

Paytm CEO Vijay Shekhar Sharma has expressed concern about the potential disempowerment, if not extinction, of humans as a result of the development of extremely advanced AI systems. He expressed his concerns in a tweet, citing a recent blog article by OpenAI.

Artificial Intelligence

Jul 10, 2023

Francisco Partners to sell Forcepoint unit to TPG for $2.45 billion-thumnail

Francisco Partners to sell Forcepoint unit to TPG for $2.45 billion

The Wall Street Journal reported on Sunday that private equity company TPG is acquiring a commercial division of software provider Forcepoint from Francisco Partners for $2.45 billion, citing sources. According to

Business

Jul 10, 2023

Budget 2023: Karnataka Govt Announces Several Startup Support Programmes-thumnail

Budget 2023: Karnataka Govt Announces Several Startup Support Programmes

As part of its Budget 2023–24 announcements, the Karnataka government made a number of incentives for entrepreneurs in the state public on Friday, July 7.  Chief Minister Siddaramiah suggested spending

Economy

Jul 8, 2023

Reliance Retail to become 100% promoter owned entity valuation at $149 bn-thumnail

Reliance Retail to become 100% promoter owned entity valuation at $149 bn

Reliance Retail has made the decision to cancel its public shares, which places a value of $149 billion on Mukesh Ambanis’ retail business. This move impacts just 0.09% of the

News

Jul 8, 2023

During the test dive of the Titan submarine, OceanGate CEO Stockton Rush remarked, “You’re dead anyway”-thumnail

During the test dive of the Titan submarine, OceanGate CEO Stockton Rush remarked, “You’re dead anyway”

Stockton Rush, CEO of OceanGate, has been criticised for his haughtiness. Brian Weed, a former crew member, was troubled by Rush’s attitude to emergency procedures, which implied that if they

News

Jul 8, 2023

Yellen begins Beijing trip by criticizing China’s treatment of US companies-thumnail

Yellen begins Beijing trip by criticizing China’s treatment of US companies

According to a New York Times report, Treasury Department Secretary Janet Yellen began her trip to Beijing by criticising China’s treatment of American businesses and highlighting the challenges they have

Business

Jul 8, 2023

India forex swells up by $1.9bn to bn 595.1bn says RBI data-thumnail

India forex swells up by $1.9bn to bn 595.1bn says RBI data

India’s foreign exchange reserves rose by $1.9 billion to $595.1 billion as of June 30, according to Reserve Bank of India data. Foreign currency assets increased by $2.5 billion, while

Economy

Jul 8, 2023

Microsoft India head Anant Maheshwari resigns from the post-thumnail

Microsoft India head Anant Maheshwari resigns from the post

Anant Maheshwari, the esteemed President of Microsoft India has made the decision to resign from his position in order to devote himself to new endeavors. Microsoft. Upon receiving his resignation.

Business

Jul 8, 2023

Threads Android beta is released by Meta after reaching 70 million users-thumnail

Threads Android beta is released by Meta after reaching 70 million users

There is a statement in the invitation to the Android beta programme that “certain data on your use of the app will be collected and shared with the developer to

News

Jul 8, 2023

With Ant’s share repurchase plan, the company is valued at nearly $79 billion-thumnail

With Ant’s share repurchase plan, the company is valued at nearly $79 billion

The fintech behemoth Ant Group unveiled a share repurchase plan on Saturday, valuing the company at $78.54 billion, as management looks to replenish its pool of employee incentives and let

Business

Jul 8, 2023


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