Business

Edtech firm Byju’s has asked its14,000 employees to work from home as it vacated all its offices except the headquarters in Bengaluru amid the ongoing crisis.  Sources told NDTV Profit that except for IBC Knowledge Park in Bengaluru – where over 1,000 employees work – all other office premises across the country have been vacated by the edtech giant. The...

Stock market today: BSE Sensex and Nifty50, the benchmark equity indices, closedlower on Monday due to cautiousness among investors ahead of key domestic and USinflation data. The BSE Sensex declined by 617 points or 0.83% to settle at 73,502, while the NSE Niftydropped by 161 points or 0.72% to end at 22,332. The market capitalisation of all listedcompanies on the...

Social media platform X chief executive Elon Musk has said that he is planning to launch a TV app next week for Amazon and Samsung users who will be able to watch long form videos. Last October, X had rolled out an early version of video and audio calling for some users. The billionaire had said he planned to turn...

Investment worth $100 billion over 15 years will be tied with the trade agreement between India and the four-member European Free Trade Association (EFTA), to be signed on Sunday, according to people aware of the matter. The investment will be linked to the creation of one million jobs in India.  “A mechanism and a road map will be developed to...

The Union Cabinet, which met in New Delhi on March 7, decided to release an additional instalment of Dearness Allowance (DA) to Central government employees and Dearness Relief (DR) to pensioners with effect from January 1, 2024. The increase will be four percentage points over the existing rate of 46% of the basic pay/ pension, to compensate against price rise, the government...

Meta CEO Mark Zuckerberg lost nearly $3 billion in a day after the company’s flagship platforms Facebook and Instagram faced a global outage. Zuckerberg’s net worth declined by $2.79 billion in a day to $176 billion on the Bloomberg Billionaires Index, but he maintained his position as the world’s fourth-richest person. Following the hour-long global outage, Meta shares declined 1.6...

JSW Steel on Wednesday said that it has appointed Robert Simon as Chief Executive Officer of JSW, USA. In his role, he will lead the overall business in the USA, comprising slab, coil, pipe and plate production, and sales at Baytown and Mingo Junction, the company said in a statement. Before joining JSW USA, Simon consulted with several companies, including...

The wealth gap between Musk, 52, and Bezos, which at one point was as wide as $142 billion, has been shrinking as Amazon and Tesla shares move in opposite directions. While both are among the so-called Magnificent Seven stocks that have propelled US equity markets, Amazon shares have more than doubled since late 2022 and are within striking distance of a record...

Oil prices rose on Monday after OPEC+ members agreed to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, largely in line with market expectations. Brent LCOc1 futures was 28 cents, or 0.3% higher, at $83.83 a barrel at 0134 GMT, while the U.S. West Texas Intermediate (WTI) CLc1 rose 20 cents, or 0.3%,...

The outcome of the 13th ministerial conference of the WTO was “good” and India is “completely satisfied” as the country continues to retain its full policy space to protect the interests of farmers and fishermen in every respect, Commerce and Industry Minister Piyush Goyal has said. He said that New Delhi’s procurement of food grains for distribution among the poor...

India’s manufacturing activity continued to expand in February with the HSBC Purchasing Managers’ Index (PMI) for the sector coming in at 56.9, data released on March 1 showed. At 56.9, the February manufacturing PMI is above the flash estimate of 56.7 released on February 22 and is the highest in five months. It is also above the key level of 50, which...

The Mukesh Ambani-led RIL has committed to investing Rs 11,500 crore ($1.4 billion) in the JV, which is valued at Rs 70,352 crore ($8.5 billion) post-money, excluding synergies. RIL, Viacom18, and Disney will own 16.34%, 46.82%, and 36.84% of the JV, respectively. RIL will control the JV as it also owns a majority stake in Viacom18. Nita Ambani will serve as...