BUSINESS
Bezos reminds Amazon baiters how Wall Street, Business Week pundits missed a $62bn biz
Founder Jeff Bezos - who now owns 10 per cent of the company after he and wife MacKenzie divorced in 2019 after 25 years of marriage and he transferred a quarter of his then-16 per cent Amazon stake to her - has slipped $45 billion in personal wealth from his peak in 2021.
IRDAI applies brakes on vehicle insurers' misleading advertisements
According to the IRDAI, general insurers issuing advertisements on free vehicle pick up and drop, body wash, interior cleaning, and others are not related to servicing of claims and should not be done The regulator also said perusal of some advertisements of general insurers showing discounts and savings in premium can be achieved only in extreme or exceptional scenarios.
Need clarity on ambiguities on GST regime on online gaming: Association
In a statement issued on Thursday, Roland Landers, CEO of All India Gaming Federation said that the gaming industry awaits a clear judgment on GST restructuring and rate rationalisations on the online games.
Zoho's enterprise IT firm ManageEngine to hire 1,000 in India this year
Since 2002, the company which is the enterprise IT management division of Chennai-based Zoho Corporation has served over 2,80,000 organisations in more than 190 countries.
Netflix actually losing long-term paid subscribers: Report
According to a survey report by The Information, new data show that people who have been subscribers to Netflix for more than three years accounted for 13 per cent of cancellations in the first quarter this year.
Equities slump tracking weak US markets, rupee closes at new low
"The meltdown in the US markets, on the fear of aggressive rate hikes, rattled investors and triggered a weak start. The situation worsened further due to heavy selling in the index majors across sectors wherein IT and metal majors were among the top losers," said Ajit Mishra, VP, Research, Religare Broking.
FAO chief bats for urgent transformation of agrifood systems
Qu was addressing a ministerial meeting held on Wednesday at the United Nations in New York entitled "Global Food Security Call to Action." Cumulative effects of multiple shocks related to conflicts, the climate crisis, the COVID-19 pandemic and economic downturn, rising food prices have increased people's vulnerability and pushed hundreds of millions of more people to the brink of hunger, the Director-General said.
Transparency turning into premium item in Indian insurance sector?
Similarly, the Insurance Regulatory and Development Authority of India (IRDAI) has also said foreign reinsurer branches (FRB) and Lloyd's India need not publish their half yearly and annual accounts, analytical ratios in newspapers.
HP Inc tops India PC market with 33.8% market share in Q1
HP had its biggest ever consumer quarter in 1Q22, shipping close to 650,000 units with a share of 33.2 per cent, according to the IDC. It also had a strong commercial quarter with a share of 34.3 per cent. "Strong demand for commercial desktops, a clearance of big backlog orders, and continued demand for its consumer notebooks helped HP clock its biggest quarter ever," the report added.
Global stock markets fall amid concern over rising prices
The US shares saw their biggest one-day drop since 2020 after downbeat earnings reports from some of America's biggest retailers. Target said unexpectedly high fuel and freight costs had cut into profits, which halved compared with a year ago. That followed a similarly downbeat update from rival Walmart earlier, BBC reported.
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