Business News

Amid Market Rout for Adani, Major Indian Banks Say Exposure to Group is Within Central Bank Limits

One of the charges made by the research group is that some listed Adani companies had substantial debt that puts the group on a precarious financial footing.

Jan 27, 2023

By Jacob J

Tech Layoffs: Not the End of the World

Prashanth Chandrasekar said When companies downsize, other talented people who are employed there may consider looking elsewhere, as they may not see their company as being stable

Jan 27, 2023

By IBT Desk

US Economy Powers to 2.9% Growth in Fourth Quarter, Records Stronger Than Expected Expansion

The surprisingly strong performance of the US economy happened despite the US central bank aggressively raising interest rates during 2022 in an effort to beat high inflation.

Jan 27, 2023

By Jacob J

Adani Group Slams 'Malicious' Hindenburg Report After Shorting Erases $11 Billion in Investor Wealth

The Adani Group dismissed the allegations and underscored that Hindenburg Research did not make an effort to reach out to the conglomerate over its concerns.

Jan 26, 2023

By Jacob J

How Ari Rastegar Built His Real Estate Empire

Rastegar may have built his empire out of bricks fashioned from hard-won experience, but his attitude today is focused on competitiveness

Jan 25, 2023

By IBT Desk

Stoneweg and Icona Ally to Create a Shared €8 Billion Platform

Despite this trail-blazing formal entente in the global investment stage, a shared Icona-Stoneweg project is not entirely unprecedented.

Jan 25, 2023

By IBT Desk

Binance Moved $346 Million for Seized Cryptocurrency Exchange Bitzlato, Data Show - Report

Binance, the world's largest crypto exchange, was among Bitzlato's top three counterparties by the amount of bitcoin received between May 2018 and September 2022.

Jan 25, 2023

By Reuters

Jonas Muthoni's Guide to Become a Successful Business Leader

Jonas Muthoni said I want to create a culture where my people don't see me as their boss, but more as their team member. By doing this, I have one of the most diverse teams in the world.

Jan 24, 2023

By IBT Desk

Will 'Bankrupt' US Mint $1 Trillion Platinum Coin to Go Around Debt Ceiling and Avoid Default?

As per the Treasury the US government has run out of money to pay its bills and the Congress must pass a resolution that lifts the debt ceiling.

Jan 24, 2023

By Jacob J

Elliott Management Makes Multi-Million Dollar Investment in Salesforce - Report

Earlier this year Salesforce Inc said it plans to cut jobs by 10% and close some offices after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown.

Jan 23, 2023

By Reuters

Gold Breakout Around Corner? Dollar Decline, Stock Plunge to Drive Yellow Metal Past $3,000?

February gold futures ended the week at $1.927.10 an ounce, even as silver recorded a 21 percent jump in the last three months.

Jan 23, 2023

By Jacob J

Crypto Brokerage Genesis Files for Bankruptcy After Running up $3 Billion Debt It Can't Service

The assets and liabilities of Genesis, which is owned by venture capital firm Digital Currency Group (DCG) is estimated between $1 billion and $10 billion.

Jan 20, 2023

By Jacob J

Indian Fintech Startups Raised $5.65 Billion in 2022 Amid Crypto Winter

Y Combinator, Tiger Global Management and Lets Venture were the most active investors in the space, with more than 20 investments in 2022.

Jan 19, 2023

By IANS

Are Central Banks Deliberately Causing a Recession? Fed, ECB and BoE Signal More Rate Hikes

To put things in perspective, even as the Blackrock analysts made this comment, Federal Reserve policymakers said they will go for further rate tightening to control inflation.

Jan 19, 2023

By Jacob J

Dollar Declines 10% From 2-Decade Peak; It's China Resurgence That Hurts Greenback

Some analysts say that China's emergence from a protracted Covid-19 lockdown and the positive sentiment this has stirred up are driving the greenback down.

Jan 18, 2023

By Jacob J

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