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Ravi Tiku’s Perspective: Decoding Today’s Headlines

Ravi Tiku’s Perspective: Decoding Today’s Headlines

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Finance News

Rupee Jumps 37 Paise To Close At 82.45 Against US Dollar

January 8, 2023
<strong>Rupee Jumps 37 Paise To Close At 82.45 Against US Dollar</strong>

On Wednesday, the rupee recovered from its all-time low level and settled at 82.82 against the dollar. Forex traders said factors like strong Asian peers and crude oil prices trading below USD 80 per …

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Categories Finance News Tags Rupee value, US Dollar

Capital Infusion In Vodafone Idea By Centre Under Discussion: Telecom Minister Ashwini Vaishnaw

January 7, 2023
<strong>Capital Infusion In Vodafone Idea By Centre Under Discussion: Telecom Minister Ashwini Vaishnaw</strong>

VIL has offered a stake to the government at a par value of ₹ 10 per share. (File) Vodafone Idea (VIL), reeling under debt burden of over ₹ 2 lakh crore, has opted for converting about ₹ 16,000 crore of …

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Categories Finance News Tags Telecom, Vodafone Idea

“Uncertain Economy”: Amazon To Lay Off Over 18,000 Employees

January 5, 2023
<strong>"Uncertain Economy": Amazon To Lay Off Over 18,000 Employees</strong>

The company had announced 10,000 layoffs in November. Amazon CEO Andy Jassey said the company’s leadership was “deeply aware that these role eliminations are difficult for people, and we don’t take these decisions lightly. …

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Categories Finance News Tags Amazon, Lay-off, Recession

A Day After Gunjan Patidar Resigns, Zomato Shares Fall Over 2%

January 4, 2023
Zomato

Zomatos stock went lower by 2.24 per cent to settle at ₹ 58.90 apiece on the BSE. (File) Gunjan Patidar was one of the first few employees of Zomato and built the core tech systems for …

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Categories Finance News Tags Share market, Zomato

Recession Will Hit A Third Of The World In 2023, Warns IMF Chief Kristalina Georgieva

January 3, 2023
IMF Chief

In October last year, the IMF trimmed its growth forecast for 2023. (File) The statement comes at a time when the ongoing conflict in Ukraine shows no signs of abating after more than 10 …

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Categories Finance News Tags IMF-Chief, Recession, Third world

Twitter Sued For Failing To Pay Rent Of San Francisco Office

January 1, 2023
Twitter

Twitter was also sued earlier this month for refusing to pay for two charter flights Twitter hasn’t paid rent on its headquarters, or any of its other global offices, in weeks, the New York …

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Categories Finance News Tags Elon Musk, Office-rent, Twitter

Will Complete Acquisition Of Ford India’s Plant In January: Tata Motors

December 31, 2022
TATA vehicles

Tata will acquire Ford India’s manufacturing plant at Sanand.(File) In August this year, Tata Motors had announced that its arm Tata Passenger Electric Mobility Ltd (TPEML) would acquire Ford India Pvt Ltd’s (FIPL) Sanand …

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Categories Finance News Tags Acquisition, Ford, TATA Motors

Mukesh Ambani Maps Out Targets For Children In Succession Plan

December 30, 2022
Mukesh Ambani

Mukesh Ambani was speaking on the occasion of Reliance Family Day. (File) Mukesh Ambani’s elder son Akash Ambani is being groomed to take over the telecom business, and Isha Ambani for retail. Market NewsPress …

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Categories Finance News Tags Mukesh Ambani, Succession plan

25,000 Flipkart Employees To Benefit From $700 Million Cash Payout: Report

December 29, 2022
Flipcart

Flipkart and PhonePe announced last week that they have completed their separation. (File) “We are pleased to announce that employees, who are holders of Flipkart ESOPs (employee stock option plans), will receive a one-time …

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Categories Finance News Tags Cash Payout, Employees, Flipcart

World Economy Is Headed For A Recession In 2023, Says Researcher

December 27, 2022
world economy depiction

The findings are more pessimistic than the latest forecast from the International Monetary Fund. The global economy surpassed $100 trillion for the first time in 2022 but will stall in 2023 as policy makers …

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Categories Finance News Tags Forecast, IMF, World economy
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