Business
Zoho reports 10 times growth in five years, to invest AED 100 mn in UAE
Dubai, Feb 15 Zoho, a global technology company,has announced that it registered 10 times growth in five years since start of its operations in the UAE, which serves as its Middle East and Africa headquarters. On the sidelines of Zoholics Dubai, the annual user conference of the company, Zoho's CEO ...Ford says will eliminate 3,800 jobs in Europe over next 3 years
London, Feb 14 US automaker Ford on Tuesday announced it will eliminate 3,800 jobs over the next three years in Europe to restructure its business, creating a leaner, more competitive cost structure. By 2025, Ford plans to resize its European engineering footprint, resulting in 2,800 fewer jobs. These changes are ...Oil prices rise modestly as traders assess Russian output cut
New York, Feb 14 Oil prices eked out modest gains as market participants weighed Russia's plan to cut its oil production. The West Texas Intermediate (WTI) for March delivery rose 42 cents, or 0.53 per cent, to settle at $80.14 a barrel on the New York Mercantile Exchange. Brent crude ...Mumbai airport records surge in passenger movement, traffic up by 149% in Jan
New Delhi, Feb 13 The second busiest airport in the country, Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) has recorded nearly 4.5 million passenger movements in January 2023. Exhibiting significant growth, CSMIA witnessed a fruitful first month with nearly 1.2 million international passengers, and around 3.2 million domestic passengers. The ...Lithium, gold deposits found in J&K
New Delhi, Feb 9 The government has found lithium and gold deposits in Jammu and Kashmir (J&K) for the first time. The Mines Ministry has found lithium reserves of around 5.9 million tonnes in Salal-Haimana area of Reasi district. This report, along with 15 other resource bearing geological reports and ...UK’s blue-chip shares index hits a fresh all-time high
London, Feb 8 The UK's blue-chip shares index has hit a fresh all-time high on Wednesday, only days after a previous record was set last Friday, media reports said. The FTSE 100 index rose by almost 1 per cent at the open on Wednesday morning to hit 7,928.03, surpassing the ...Renault, Nissan shake up 24-year-old alliance
London, Feb 6 Nissan and Renault have unveiled the details of a major shake-up of their often strained 24-year-old alliance, the media reported. The announcement comes after months of negotiations between the motor industry giants. In a joint statement, the two firms said they had "rebalanced" their relationship by agreeing ...BYJU’s to miss March 2023 deadline for group level profitability, results delayed again
New Delhi, Feb 6 Edtech firm BYJU's will not be able to meet its March 2023 deadline to achieve group-level profitability, as it envisioned in its earnings in October last year, reliable sources said on Monday. On top of it, its results for most of the months for the current ...Reforming multilateral banks discussed at first G20 Finance Meeting
Chandigarh, Jan 31 Strengthening and reforming multilateral development banks and ways to address implementation challenges associated with the G20 Common Framework for Debt Treatments beyond Debt Service Suspension Initiative (DSSI) were among the issues deliberated at the first meeting of the International Financial Architecture Working Group that concluded here on ...Enterprise application software major SAP slashes 3,000 jobs
London, Jan 26 Enterprise application software provider SAP on Thursday revealed it will lay off around 2.5 per cent of its global workforce, or 3,000 employees, amid the rough global macroeconomic conditions. The Germany-headquartered company said that it expects only a moderate cost saving impact for this year. The company ...
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