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Reuters

Lazard axes 200 jobs as profit falls amid dealmaking slowdown

Finance

01 November, 2019

Lazard axes 200 jobs as profit falls amid dealmaking slowdown

Lazard Ltd said on Thursday it had axed about 200 employees after a review of its business, as the investment ......

Slowdown worsens as factory growth sinks, jobless rate jumps in October

Economy

01 November, 2019

Slowdown worsens as factory growth sinks, jobless rate jumps in October

India’s factory activity growth hit a two-year low in October as new orders and output rose at a slower pace, ......

Goldman-backed ReNew says Andhra Pradesh woes could hurt India's renewables goal

Infrastructure

01 November, 2019

Goldman-backed ReNew says Andhra Pradesh woes could hurt India's renewables goal

Investors could be put off India by Andhra Pradesh state's difficult relationship with renewable energy companies, Sumant Sinha, chair of ......

Fiat Chrysler, Peugeot plan to create world's No.4 carmaker

Manufacturing

31 October, 2019

Fiat Chrysler, Peugeot plan to create world's No.4 carmaker

Fiat Chrysler and Peugeot owner PSA plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, ......

RBI asks banks to probe alleged data leak of 1.3 mn cards

Finance

31 October, 2019

RBI asks banks to probe alleged data leak of 1.3 mn cards

The Reserve Bank of India (RBI) has asked banks to ensure customers’ debit and credit card data is secure and ......

US Fed cuts interest rates, signals it is on hold

Economy

31 October, 2019

US Fed cuts interest rates, signals it is on hold

The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain U.S. growth despite ......

Alibaba to resume plan for $15-bn Hong Kong IPO in November

TMT

31 October, 2019

Alibaba to resume plan for $15-bn Hong Kong IPO in November

Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to $15 ......

Cognizant to axe 7,000 jobs, shut content moderation business

TMT

31 October, 2019

Cognizant to axe 7,000 jobs, shut content moderation business

Cognizant Technology Solutions Corp, one of Facebook Inc's content review contractors, said on Wednesday it would shut some content moderation ......

Amazon pumps in more than $600 mn into India units

TMT

30 October, 2019

Amazon pumps in more than $600 mn into India units

Amazon.com Inc has invested around 45 billion rupees ($634.20 million) into its Indian subsidiaries as the Seattle-based e-commerce giant ramps ......

CCI to probe SoftBank-backed Oyo, MakeMyTrip

TMT

30 October, 2019

CCI to probe SoftBank-backed Oyo, MakeMyTrip

An Indian regulator has ordered an investigation into allegations that hotel-booking service MakeMyTrip Ltd gives special treatment to SoftBank-backed hotel ......