BUSINESS
61% Indians wary of revealing salary to co-workers, friends: LinkedIn
Just one in 10 professionals said they would discuss their salaries with coworkers they trust (13 per cent) and peers they trust in other companies (9 per cent). According to LinkedIn's Workforce Confidence Index, India's overall workforce confidence has dwindled slightly.
Meta logs another revenue decline amid concerns over metaverse plans
In the third quarter (Q3), Meta's revenue declined 4 per cent year over year to hit $27.7 billion. The company posted a net income of $4.395 billion, down from $9.194 billion year over year. This decline is owing to Meta's huge losses in Reality Labs, Meta's virtual reality division, which lost $3.672 billion in Q3.
Musk visits Twitter HQ, with a sink in his hand
Reports earlier mentioned that Musk will fire 75 per cent, or 5,600 employees, from the Twitter staff globally. Musk, who visited Twitter headquarters in San Francisco with a sink in his hands late on Wednesday, cleared to the employees that he will not sack so many people, reports TechCrunch. Musk has casually mentioned laying off Twitter staff in his tweets, without sharing any figure.
Samsung logs sharp drop in profits, reaffirms no production cut
The world's largest memory chip and mobile phone maker said in a regulatory filing its third-quarter net profit declined 23.6 per cent from a year earlier to 9.38 trillion won ($6.6 billion), reports Yonhap news agency. Its operating profit for the July-September period fell 31.4 per cent on-year to 10.85 trillion won. Revenue increased 3.8 per cent to 76.78 trillion won, a record for a third quarter.
IRDAI allows foreign reinsurance branches, Lloyds India to repatriate excess capital
The Indian insurance regulator has allowed repatriation of excess capital by FRBs and Lloyd's India with prior permission and subject to the following provisions. The request to repatriate the assigned capital shall be submitted by the foreign reinsurer, who is engaged in reinsurance business through a branch established in India, justifying the reasons for such request.
CBDT extends deadline for filing returns till Nov 7
The extension was given as extra time of up to October 7 was granted for filing various audit reports in the case of these entities, a circular issued by the CBDT said. The extension is applicable to those entities and persons as well as partners of firms whose books of accounts need to be audited.
Finance Minister says India's growth resilient despite exogenous threats
She made these observations while attending the 7th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), via video conferencing. Nirmala Sitharaman appreciated the AIIB for its continued commitment and dedication to assist members and for providing high-quality development finance.
Ethereum's dominance in crypto market up 20% after the 'Merge'
The historic upgrade of Ethereum, known as the 'Merge', last month will create a more energy-efficient network based on the second largest cryptocurrency with a promise to save the environment. According to niche news publisher BanklessTimes.com, the Ethereum merge created a lot of Buzz, with every crypto lover patiently awaiting its arrival.
Walmart reportedly raising up to $3 bn for Flipkart to expand India biz
With new funds, Flipkart's valuation is set to soar to more than $40 billion, giving a fillip to the Indian funding scene which is going through a harsh winter. Flipkart Group in July last year raised $3.6 billion to grow and advance the digital commerce ecosystem in India. The investment valued the group at $37.6 billion post the money then.
Government receives dividends worth Rs 361 crore from PSUs
As per the latest research by real estate consultancy firm Anarock, total sales in the top seven cities can exceed 3.6 lakh units in 2022. In the previous peak year of 2014, the cities saw the sale of 3.43 lakh units. The January-September period of 2022 saw housing sales and new launches surpass the full-year readings of 2019 with nearly 2.73 lakh units sold in nine months of 2022 and new launches at 2.65 lakh units. 2019 saw over 2.61 lakh units sold in the entire year, while new supply stood at 2.34 lakh units.
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