Oil weakened on Wednesday, falling close to the lowest this year, pressured by concern about recession and easing fears that a Western cap on Russian oil prices would significantly curb supply. Warnings from big U.S. banks about a likely recession next year weighed, and supported the U.S. dollar. A stronger dollar makes oil more expensive Read More…
Nearly 62,000 suspended Twitter accounts with more than 10,000 followers have begun to be restored by Elon Musk, including one account with more than 5 million followers and 75 accounts with more than 1 million. Platformer claims that Twitter staff members are referring to the restoring procedure as “Big Bang.” The endeavour, according to the Read More…
Kotak Mutual Fund warned its investors, business partners, and the general public about fake social media and Telegram groups and communities that guarantee enormous returns on investment in its name, according to a press release. “ALERT! Please do not be misled by FAKE Telegram and other social media entities claiming to be owned by Kotak Read More…
Securities and Exchange Board of India (SEBI), which regulates the capital markets, has changed the rules to include buying and selling mutual fund units in the definition of insider trading.When investing in securities of listed firms or those scheduled to be listed while in possession of unpublished price sensitive information, insider trading restrictions are currently Read More…
The rupee fell on Wednesday in early trade even as the dollar remained tentative ahead of the Federal Reserve’s policy meeting minutes, which could provide information on the trajectory of inflation and interest rates. Bloomberg showed the rupee was last changing hands at 81.7725 per dollar, compared to its previous close of 81.67 on Tuesday. Read More…
The e-commerce behemoth Amazon has revealed job losses at the corporation as Big Tech enters the season of layoffs. According to Amazon, some teams are “making adjustments” in the present macroeconomic climate while “consolidating some teams and programmes.” The corporation withheld the precise number of affected employees, while prior sources put the figure at 10,000, Read More…
After firing about 50 per cent of Twitter workforce, or about 3,800 employees, Elon Musk has reportedly laid off at least 4,400 contractual workers at the company. According to reports from Platformer and Axios, the micro-blogging platform is now laying off employees those are on contract. “Contractors aren’t being notified at all, they’re just losing Read More…
The rupee started the week on a positive note, extending its gains from last week against a bruised dollar, maintaining the momentum created by softer-than-expected US inflation data last week. Bloomberg showed the domestic currency was last changing hands at 80.52 per dollar after opening at 80.54, compared to Friday’s close of 80.81. “The rupee Read More…
According to an estimate by Morgan Stanley, India would surpass Germany and Japan to become the third-largest economy in the world by 2027, helped by investments it has made in technology and energy. The Wall Street major also predicted that by 2030, India will become the third-largest stock market in the entire world.In a research, Read More…
Meta, the parent company of Facebook, anticipated a dismal October holiday quarter. The social media juggernaut is apparently worried that materially increased costs in 2023 might lower the company’s stock market value by $67 million. This loss will be added to the more than $500 billion that Meta has already lost in value as of Read More…