BUSINESS
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.
CARS24 asks 600 employees to leave on basis of 'poor performance'
Calling it "business as usual", the company. which has nearly 9,000-strong workforce, and is in the process of hiring more globally, said its business is actually growing in India, the Middle East, Australia and Southeast Asia. "This is business as usual as these are performance-linked exits that happen every year," the company said in a statement shared with IANS.
Google's Russia subsidiary plans to file for bankruptcy as can't pay salaries
"Russian authorities' seizure of Google Russia's bank account has made it untenable for our Russia office to function, including employing and paying Russia-based employees, paying suppliers and vendors, and meeting other financial obligations,a the company said in a statement to The Registrar on Thursday.
SC: GST council's recommendations not binding on Centre, state governments
A bench headed by Justice D.Y Chandrachud said GST Council recommendations only have a persuasive value as India is a cooperative federalism, and the Centre and states have simultaneous powers to legislate on Goods and Service Tax (GST). The bench emphasised that the GST council must work in a harmonious manner to achieve a workable solution between Centre and state governments.
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