Business News

Google to opt ‘hybrid’ work week, tells CEO Sundar Pichai

Google to opt ‘hybrid’ work week, tells CEO Sundar Pichai

California: As the Coronavirus pandemic has forced people to work from home, the search engine giant, Google, looks for options to manage work and the pandemic situation at the same time. In order to do so, the company has reopened Google offices in “voluntary capacity”, where 60 percent of employees

S&P slashes India’s GDP growth forecast to 9.8% for this fiscal

S&P slashes India’s GDP growth forecast to 9.8% for this fiscal

S&P Global Ratings on Wednesday slashed India’s GDP growth forecast for the current financial year to 9.8 per cent saying the second COVID wave may derail the budding recovery in the economy and credit conditions. The US-based rating agency in March had a 11 per cent GDP growth forecast for

PMI manufacturing improves in April stimulated by new export orders

PMI manufacturing improves in April stimulated by new export orders

New Delhi: India’s manufacturing business visibly went up in April with new export orders rising at fastest rate since October last year. The improvement came in despite fresh domestic factory orders and output easing to eight month lows due to an intensification of the coronavirus pandemic in the country. As

Gold prices fall for 4th consecutive day, silver struggles too

Gold prices fall for 4th consecutive day, silver struggles too

New Delhi: Gold prices follows down trend for the fourth consecutive day in Indian markets amid soft global rates. On MCX, gold futures edged lower to ₹47456 per 10 gram. Silver too struggled at ₹68,709 per kg. After hitting a two-month high of ₹48,400 last week, gold has been seeing

HCL Tech to shift workload from India to tackle Covid-19 challenges

HCL Tech to shift workload from India to tackle Covid-19 challenges

New Delhi: IT service giant, HCL Technologies, has decided to shift its workload from India to other geographies in order to sustain business continuity amid the devastating Covid situation in the country. The company has claimed that it is engaging closely with clients to prioritise work. The company, which is

ICICI Bank net profit for Q4 rises to Rs 4,402 crore

ICICI Bank net profit for Q4 rises to Rs 4,402 crore

New Delhi: One of the biggest private sector lenders ICICI Bank Ltd. recorded a sharp rise in its net profit over a year ago as core income improved and provisions were lower compared to 2020. Bank’s net profit rose 260.5%, year-on-year to Rs 4,402 crore. A year ago, the bank

Hero Motocorp shuts plants amid Covid surge, first such action by big firm

Hero Motocorp shuts plants amid Covid surge, first such action by big firm

New Delhi: As India fights with century’s biggest pandemic that has claimed millions of lives across the world, country’s leading two-wheeler manufacturer, Hero MotoCorp, on Tuesday announced a to stop its manufacturing operations at all its facilities for four days, in a staggered manner between April 22 and May 1,

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