People walk by a banner featuring the logo of Palantir Technologies (PLTR) at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September…
SoftBank leads $150 million funding in Unacademy, valuation…
Japanese conglomerate SoftBank is leading a $ 150 million funding round in education technology startup Unacademy, boosting the firm's valuation to $ 1.5 billion, second only to industry leader Byju's. Existing investors Facebook, General Atlantic,…
Samsung shares could rise 50% as chip business…
Samsung Galaxy Z Fold 2SamsungAnalysts are bullish on Samsung after the company unveiled a foldable phone on Tuesday and U.S. semiconductor company Nvidia said its next-generation gaming chip will be manufactured by the South Korean…
Banks free to restructure loans, but can’t penalise…
New Delhi: Banks are free to restructure loans but they cannot penalise honest borrowers by charging interest on deferred EMI payments under the moratorium scheme during the COVID-19 pandemic, a petitioner opposing the move said…
The Fed could be locked into zero rates…
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020.Erin Scott | Bloomberg | Getty ImagesInterest rates near zero likely will stay in place not for months but…
Pharma had its run, start picking up cyclicals:…
Our fundamental thesis is for a robust recovery in the global economy over the next one year, whereby cyclicals will perform well. We would be very interested in base metals, materials and cement stocks, says…
The yuan won’t unseat the dollar soon —…
A bank employee counts U.S. currency and Chinese currency notes at a bank on August 6, 2019 in China.Xu Jinbai | Visual China Group | Getty ImagesThe yuan isn't going to unseat the U.S. dollar…
Cognizant to acquire Chicago-based cloud specialist firm 10th…
MUMBAI: Cognizant announced that it is acquiring Chicago-based 10th Magnitude, a Microsoft Azure focussed cloud specialist company. The acquisition is expected to add to the company’s Azure expertise within its ‘Microsoft Business Group’ segment. The…
ICICI Bank, Axis Bank remove UPI transaction charges…
After the Central Board of Direct Taxes (CBDT) asked banks to refund charges collected from their customers and merchants for making Unified Payment Interface (UPI) transactions in 2020, a few banks have removed the details…