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Apple faces second downgrade this week as iPhone performance concerns intensify: Report As 2024 commenced, Apple already had the fewest bullish recommendations among big tech stocks, according to Bloomberg data.

Vodafone Idea to contest ₹10.76 crore penalty order under CGST Act, cites 'wrong transition of CENVAT credit' In a BSE filing, VIL said the contravention related to the 'alleged wrong transition of CENVAT credit into GST regime'.

Alphabet's refusal to negotiate with YouTube Music contract staff was 'illegal': US Labour Board The treatment of contract workers has been a constant point of contention for Alphabet, which relies heavily on staffing firms

Funds for fintech cos hit 3-year low at $2 bn Fintech funding in India declined by 63% in 2023, reaching a total of $2 billion. Only five rounds surpassed the $100 million mark. The decline is attributed to high borrowing costs and challenging macroeconomic factors. InCred was the only unicorn...

The road to enter bankruptcy court is now 7,000 companies long The number of cases waiting to be admitted by NCLT is more than three times the number of cases currently undergoing resolution before the tribunal’s various benches

Aster DM looking for M&As in West, North India: CEO The company will fund its inorganic growth drive through internal accruals

At Escorts, a superstar’s scion has to prove herself Navya Naveli, the 26-year-old daughter of Escorts Kubota chairman and managing director Nikhil Nanda, has been working with the country’s third-largest tractor maker for some time now

Tech layoffs 2024: Xerox announces to reduce workforce by 15%. Here is why Xerox plans to reduce its workforce by 15% in order to introduce a new organizational structure and operating model.

IndiGo waives fuel charges following ATF price cuts IndiGo has removed fuel charges from all domestic and international flights following a drop in aviation fuel prices.

Q3 result preview: NBFCs likely to see healthy profit growth of 27% YoY amid moderating margins Robust credit demand is likely to lead to healthy asset under management (AUM) growth for NBFCs in the October-December 2023 quarter. Overall, loan growth of around 20% YoY and 5% QoQ is estimated in...

Go First establishes company with former employees to liaison with lessors amid resolution process Go First has established SP Mumbai Aviation, led by former finance department employee Sachin Naik, to collate records/documents, the resolution professional said

Meesho resumes campus hiring, recruits 150 candidates in 2023 Meesho, the online shopping platform, has resumed campus hiring and recruited 150 candidates in 2023..It plans to hire more young professionals in 2024, focusing on roles across technology, product, analytics, finance growth, and more.

Reliance and Disney initiate antitrust examination for media merger in India: Report Reliance has appointed Indian law firm Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has roped in AZB & Partners.

Q3 result preview: Banking sector's earnings could moderate; NIM compression to ease from Q2 levels, says Motilal Oswal Indian banking players may see moderation in Q3 earnings but NIM compression may ease from Q2 levels, says Motilal Oswal Financial Services.

Nomura to give average hike of 16% for younger brokerage staffers Nomura Holdings Inc. will reward young employees at its flagship Japanese brokerage subsidiary with an average 16% pay rise next fiscal year, far higher than local inflation, in a sign of intensifying competition to retain newer...

Venezuela to supply oil to OVL in lieu of $600 million dividend Meanwhile, union petroleum minister Hardeep Singh said that there are no talks underway with oil marketing companies for a revision in petrol and diesel prices

US bankruptcy case counts expected to continue climbing in 2024: Report Bankruptcy case counts are expected to continue rising in 2024, driven by the end of pandemic stimulus, higher interest rates, and rising delinquency rates

TikTok to take on Amazon on home ground aims for $17.5 billion US e-commerce business The expansion plans set TikTok on course to encroach on the home ground of US retail giant Amazon, besides fellow Chinese seller platforms such as Shein and Temu. But TikTok is banking on its extensive social...

Apple to settle lawsuit over iTunes gift card scam. Details here Apple and the plaintiffs have reached a settlement in a lawsuit alleging that the company knowingly allowed fraudsters to use its gift cards and kept a percentage of the stolen funds.

How Ola Electric scored a 40% market share in December The automaker’s jump in market share was driven by deep discounts and an extensive offering of aggressively priced e-scooters at multiple price points