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India and Russia suspend negotiations to settle trade in rupees -sources-thumnail

India and Russia suspend negotiations to settle trade in rupees -sources

India and Russia have reportedly suspended negotiations on a bilateral trade settlement mechanism in rupees. The discussions aimed to establish a permanent payment mechanism in rupees to facilitate cheaper transactions

News

May 4, 2023

Cognizant to Lay Off 3,500 Employees and Redistribute Physical Workplaces, Focusing on Smaller Indian Cities-thumnail

Cognizant to Lay Off 3,500 Employees and Redistribute Physical Workplaces, Focusing on Smaller Indian Cities

Cognizant, an IT services company listed on Nasdaq, has announced its plans to lay off 3,500 employees due to an expected revenue decline in 2023. This decision comes as customers

Finance

May 4, 2023

“Go First” Staff Left in a Dilemma, Seek Job Opportunities at Air India and IndiGo-thumnail

“Go First” Staff Left in a Dilemma, Seek Job Opportunities at Air India and IndiGo

Go First, a budget airline based in India has filed for bankruptcy, leaving its employees uncertain about the future of their jobs. The airline has been facing financial difficulties for

Industry

May 4, 2023

In FY24, India’s exports are likely to reach $900 billion-thumnail

In FY24, India’s exports are likely to reach $900 billion

Exports of goods could reach between $495 billion and $500 billion in the fiscal year that ends in March 2024, while exports of services could top $400 billion. According to

Finance

May 4, 2023

A report says 163 Indian companies invested $40 billion in the US and created 425,000 jobs-thumnail

A report says 163 Indian companies invested $40 billion in the US and created 425,000 jobs

According to a report, 163 Indian companies invested USD 40 billion in the US so far, which has led to the creation of close to 425,000 jobs in the nation.

Business

May 4, 2023

Vodafone and CK Hutchison are on a path of establishing a £15 billion UK mobile partnership-thumnail

Vodafone and CK Hutchison are on a path of establishing a £15 billion UK mobile partnership

Captioned text Vodafone has confirmed that it is in talks with CK Hutchison, owner of rival telecoms company Three, about the potential merger of its UK operations.  Vodafone UK is

Business

May 4, 2023

“China promotes Yuan as a global currency to counter the weaponization of the Dollar’s impact on the financial system”-thumnail

“China promotes Yuan as a global currency to counter the weaponization of the Dollar’s impact on the financial system”

China promotes Yuan as a global currency, in global trade and finance in an effort to reduce the dominance of the US dollar in the international financial system. Over the

Business

May 4, 2023

EV startup BluSmart raises $42 million from BP and others-thumnail

EV startup BluSmart raises $42 million from BP and others

The electric ride-hailing startup from India, BluSmart raises $42 million as it ramps up its conflict with the two market leaders, Ola Cabs and Uber Technologies Inc. BP Ventures, the

Investment & Funding

May 4, 2023

We aim to be in business so that we may declare profits of $5 billion to $6 billion globally: Monika Shergill works at Netflix India-thumnail

We aim to be in business so that we may declare profits of $5 billion to $6 billion globally: Monika Shergill works at Netflix India

Netflix India’s VP of Content Monika Shergill said the company wants to run a profitable and sustainable business rather than a race to the bottom. Monika Shergill, Vice President of

Business

May 4, 2023

As China competes, India’s oil imports from Russia are expected to peak in May-thumnail

As China competes, India’s oil imports from Russia are expected to peak in May

Russia continued to be India’s biggest crude supplier in April. India’s oil imports from Russia are expected to peak in May, increasing its market share to 36%, but a gradual

Business

May 4, 2023

NEET Admit Card 2023: The NTA NEET UG hall ticket is now available at neet.nta.nic.in; here’s how to get it and other information-thumnail

NEET Admit Card 2023: The NTA NEET UG hall ticket is now available at neet.nta.nic.in; here’s how to get it and other information

NEET admit card 2023: The NEET UG exam is scheduled for May 7th. Today, May 4, the National Testing Agency (NTA) released the National Eligibility Cumulative Entrance Test for Undergraduate

Education

May 4, 2023

By FY26, UPI merchant payments will reach $1 trillion-thumnail

By FY26, UPI merchant payments will reach $1 trillion

According to Bain and Company’s Future of India Retail Payments report, which was released on Thursday, merchant payments over the Unified Payments Interface are anticipated to expand by 40 to

Business

May 4, 2023


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