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May 31, 2022

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Technology

IT sector's rising contractual hiring shows demand uptick April 24, 2024
India's IT industry is rebounding with a rise in contractual hiring, signaling recovery after layoffs and reduced bench strength. Staffing firms note increased demand for temporary contracts as companies prepare for future growth.
PhonePe’s Rs 800 crore in-house bets; layoffs at Allen April 24, 2024
Fintech giant PhonePe has put big money into its subsidiaries to grow businesses such as insurance broking, wealth management and hyperlocal ecommerce. This and more in today’s ETtech Morning Dispatch.
Bubble tea brand Boba Bhai raises Rs 12.5 crore from Titan Capital, others April 24, 2024
Boba Bhai, a quick-service restaurant (QSR) brand specialising in bubble tea and other food items, said it will use the capital for its plan to expand to 100 outlets within the next 12 months. "Our goal is to expand in tier-1 cities within the next six months and then go to tier-2 and tier-3 cities,” […]
World Bank looks for consulting firms to create state level DPI adoption index April 24, 2024
This will be carried out with the ministry of electronics and information technology (MeitY) overseeing the process, an official aware of the matter told ET, adding that the last date for firms to apply is April 30.
Snacks maker Adukale raises Rs 11 crore in funding round April 24, 2024
Adukale, a D2C snacks and instant foods maker, was founded in 2009. The startup sells a variety of snacks and instant food ingredients for dishes like dosa, idli and poha. This capital will primarily be used for expansion of the company’s offline presence.
Coaching institute Allen fires 70 sales hands from NExT April 24, 2024
Some of Allen's employees affected by the move told ET that the layoffs happened across centres in Chennai, Bengaluru, Delhi, Hyderabad and Panchkula. The offline teaching operations of Allen NExT have also come to a halt, they added.
InterGlobe’s Rahul Bhatia, CP Gurnani launch AI company AionOS April 24, 2024
AionOS will use predictive learning using AI and machine learning to offer customised solutions in the logistics, travel, transportation, and hospitality space. The new JV will be based in Singapore with fulfilment centres in Noida, Hyderabad, the US, the UK, Paris, Africa, and the Middle East.
India to focus more on AI applications unlike West: Debjani Ghosh April 24, 2024
Debjani Ghosh, president of IT industry body Nasscom, was speaking at the launch of Genpact’s AI Innovation Centre in Gurugram. India may build some AI models, but it need not waste a lot of money and effort on this, she said.
TCS setting up four large BSNL data centres in Rs 15,000 crore 4G deal April 24, 2024
Tata's IT arm and C-DOT, a government agency, will deploy India's first locally developed 4G network solution for BSNL across its entire service area. This involves installing equipment at 38 locations.
PhonePe poured bulk of past year’s investments into insurance business April 24, 2024
The infusion of Rs 426 crore to PhonePe Insurance Broking Services points to the payment company's bullish bet on the segment. PhonePe has infused more than Rs 1,000 crore as equity investment in its insurance unit since it was licensed, according to information sourced from the Registrar of Companies.

CNN Economy

Goldman Sachs slants research to help Democrats, top White House adviser says October 2, 2018
Kevin Hassett, President Donald Trump's top economic adviser, suggested Goldman Sachs may be slanting its economic research to help Democrats ahead of the midterm elections.
Land O'Lakes CEO Beth Ford, from the cornfield to the C-suite October 1, 2018
Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files.
The next big test for Elon Musk arrives this week September 30, 2018
Read full story for latest details.
The next big test for Elon Musk arrives this week September 30, 2018
Read full story for latest details.
CEOs are cashing in on the market boom September 26, 2018
Corporate insiders at US companies have dumped $5.7 billion of stock this month, the highest in any September in the past decade, according to TrimTabs.
General Electric is in a sharp decline September 26, 2018
Read full story for latest details.
Why investors aren't freaking out about inflation September 25, 2018
Read full story for latest details.

CNN MARKETS

Premarket: 7 things to know before the bell October 4, 2018
Read full story for latest details.
Why it's time for investors to go on defense October 4, 2018
Howard Marks, co-chairman of Oaktree Capital, explains why investors should start treading lightly.
Barnes & Noble stock soars 20% as it explores a sale October 3, 2018
Barnes & Noble jumped more than 20% after it said it would review a sale of the troubled company.
Aston Martin falls 5% in London IPO October 3, 2018
Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion.
Honda teams up with GM on self-driving cars October 3, 2018
Read full story for latest details.
Toys 'R' Us brand may be brought back to life October 3, 2018
Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands.
Tencent Music plans to go public on US exchange October 3, 2018
It dominates the music streaming market in China through its QQ Music, KuGou and Kuwo platforms.