business

Cisco slashes 6,000 employees in latest cost-cutting move

The company's decision to implement these layoffs is part of a broader restructuring initiative aimed at reallocating resources to key growth areas and enhancing operational efficiency. Cisco has stated that this restructuring will affect about 7% of its total workforce.

Dunzo's financial woes continue as its funding faces roadblocks, CEO asks employees with unpaid dues to avoid legal action

SEBI chairperson dismisses Hindenburg’s allegations as baseless character assassination

RBI holds repo rate at 6.5%, markets react negatively

Hasina’s exit cripples India-Bangladesh trade, halts border activity

The resignation and departure of Bangladesh Prime Minister Sheikh Hasina amid violent protests have significantly disrupted India-Bangladesh trade, halting truck movement at key border points. The crisis has led to an estimated $300 million loss in export trade and nearly stalled exports. Businesses in Indian border states report over 80% decline. The situation might also delay a potential free trade agreement between the two nations.

IndiGo, Air India bring back over 400 people through special flights from Dhaka

A special Air India flight brought 205 people, including 6 infants, from Dhaka to New Delhi on Aug 7 morning, an official said. Meanwhile, IndiGo said its special flight flew from Dhaka to Kolkata on Aug 6 to bring back Indian nationals from Bangladesh.

Sensex, Nifty bounce back sharply in early trade amid rise in Asian markets

The 30-share BSE Sensex jumped 1,092.68 points to 79,852.08 in early trade. The NSE Nifty surged 327 points to 24,382.60.

Whopping 47.7 million registrations on Udyam Portal as of July 2024

For the fiscal year 2024-25, as of July 31, 2024, the number of registered MSMEs stands at 63.41 lakh.

Sensex, Nifty plunge nearly 3% following global market slump and US recession worries

The 30-share BSE Sensex plummeted 2,222.55 points or 2.74% to settle at over a month's low of 78,759.40, marking its worst single-day retreat since June 4, 2024. Nifty also saw its worst single-day fall since June 4, 2024, when markets crashed more than 5% due to general election results.

Nifty crosses 25,000 for first time, Sensex hit record high

The 30-share BSE Sensex soared 388.15 points, or 0.47%, to hit an all-time intra-day high of 82,129.49 in early trade. The broader Nifty of NSE scaled the record 25,000 level for the first time, rising 127.15 points, or 0.50%, to 25,078.30.