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The RBI removes the 2000 note from circulation while maintaining legal tender-thumnail

The RBI removes the 2000 note from circulation while maintaining legal tender

According to the RBI, up until September 30, 2023, people can continue to deposit rupee 2000 banknotes into their bank accounts and/or swap them for notes of other denominations at

Business

May 19, 2023

Alibaba to Leave Cloud Business In the Wake of Beijing Undermines Potential-thumnail

Alibaba to Leave Cloud Business In the Wake of Beijing Undermines Potential

Alibaba Gathering Holding Ltd. A shock move to completely turn out a possibly groundbreaking $12 billion cloud business is mixing hypotheses about whether the Chinese online business pioneer bowed to

Business

May 19, 2023

Fujitsu General’s $1.1 Billion Stake Deal Is Said to Slow Down-thumnail

Fujitsu General’s $1.1 Billion Stake Deal Is Said to Slow Down

The offer of Fujitsu Ltd. greater part of the stake in its climate control system-producing unit has slowed down as the bidders have been not able to settle on a

Business

May 19, 2023

Dollar Holds Strong as Optimism Grows in U.S. Debt Talks and Economic Data-thumnail

Dollar Holds Strong as Optimism Grows in U.S. Debt Talks and Economic Data

The dollar maintained its six-month highs against the yen and seven-week highs against the euro on Friday. This was driven by increasing optimism surrounding the U.S. debt ceiling negotiations and

News

May 19, 2023

Bashar al-Assad Attends Arab Summit, Signaling a Shift in Regional Policy-thumnail

Bashar al-Assad Attends Arab Summit, Signaling a Shift in Regional Policy

Introduction  The presence of Syrian President Bashar al-Assad at an Arab summit in Saudi Arabia marks a significant policy shift by Arab nations, as they embrace the leader who was

News

May 19, 2023

Top VCs debate investment strategy and corporate governance failings at Indian companies when they gather in Bengaluru-thumnail

Top VCs debate investment strategy and corporate governance failings at Indian companies when they gather in Bengaluru

Top VCs discussed how corporate governance issues are now playing out in Indian companies and looked into ways for early-stage VC firms to implement effective controls that encourage adherence to

Investment & Funding

May 19, 2023

Infosys Reduces Q4 FY23 Variable Pay for Employees to 60%: A Reflection of the Current Situation-thumnail

Infosys Reduces Q4 FY23 Variable Pay for Employees to 60%: A Reflection of the Current Situation

Infosys, an IT firm, has recently taken measures to address approaching challenges by reducing the average variable payout at an organizational level. For the fourth quarter of the financial year

Business

May 19, 2023

BYJU’S is in more legal trouble: the company is being sued in the US-thumnail

BYJU’S is in more legal trouble: the company is being sued in the US

An agency suing Alpha Inc on behalf of lenders who are owed $1.2 billion has filed the complaint. The defendants named in the lawsuit are BYJU’S Alpha, Tangible Play, Inc.,

News

May 19, 2023

Sony CEO Yoshida expects completion of the Sony-Zee merger by September-thumnail

Sony CEO Yoshida expects completion of the Sony-Zee merger by September

During Sony Corporation’s annual corporate strategy meeting, Sony CEO Yoshida expressed his optimism about the Indian market, highlighting the country’s status as the most populous in the world. He emphasized

Entertainment

May 19, 2023

By 2025, India’s data centers are likely to have a capacity of 1,700 MW, attracting $5 billion in investments-thumnail

By 2025, India’s data centers are likely to have a capacity of 1,700 MW, attracting $5 billion in investments

According to a report by Avendus Capital, India’s data centers are predicted to take the lead in the upcoming wave of real estate investments by expanding at a CAGR of

Business

May 19, 2023

Nvidia, AMD, and Micron lead chip area higher with man-made intelligence, with Japan in center-thumnail

Nvidia, AMD, and Micron lead chip area higher with man-made intelligence, with Japan in center

Shares in Nvidia Corp, High-level Miniature Gadgets, and Micron Innovation on Thursday gave the greatest lifts to the chip area, which outflanked the more extensive market as financial backers searched

News

May 19, 2023

UK plans to invest $1.26 billion in semiconductors -thumnail

UK plans to invest $1.26 billion in semiconductors 

After receiving appeals for assistance from the leaders of some of the nation’s top companies, the U.K. said on Friday that it would provide up to £1 billion ($1.24 billion)

Investment & Funding

May 19, 2023


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