The Times Of India Business
Coinbase is here: A cryptocurrency exchange goes public
Coinbase made a rousing debut on Wall Street, with the digital currency exchange's first trade of $381 giving it a market value of $100 billion. The company's listing on a public stock exchange is seen by some as an inflection point for digital currencies, as Coinbase's fortunes are closely tied to Bitcoin, the most popular cryptocurrency.
HDFC Bank plans to raise Rs 50,000 crore through bonds
HDFC Bank on Wednesday said it is planning to raise up Rs 50,000 crore during the next 12 months through issuing bonds. The bank's board of directors will take up the proposal at its meeting on April 17, it said in a regulatory filing.
What is a global minimum tax and how could it affect companies, countries: Here's an explainer
US Treasury secretary Janet Yellen has thrown the weight of the US government behind a push for a global corporate minimum tax rate, possibly carving a path to a long-sought deal updating international tax rules for the first time in a generation.
Hiring to grow by 7% in April-June if further lockdowns not imposed: Report
The intent to hire in the current quarter is likely to rise by 7 per cent over the previous three months if further lockdowns and workplace operating rules are not enforced, mainly driven by demand in healthcare, pharmaceuticals, educational services, ecommerce and technology start-ups and IT, according to a report.
Most companies in India look to fill open roles internally: Report
The country's competitive talent market is fuelling a significant internal shifts within the organisation as 93 per cent of the companies polled in India said they are looking to fill open roles internally in the post-Covid-19 era, according to a report.
Infosys profit rises 17.5% in Q4; announces Rs 9,200 crore share buyback
India's software services company Infosys posted a 17.5% jump in quarterly net profit on Wednesday, lifted by large contract wins as the Covid-19 pandemic drove digitisation efforts in multiple sectors.
'Toshiba CEO faced board ouster before $20bn buyout offer'
Toshiba board members planned to oust CEO Nobuaki Kurumatani before CVC Capital Partners launched a $20 billion buyout bid last week, telling him the day before the offer was announced they would replace him, people familiar with the matter said.
Jack Ma’s double-whammy marks end of China tech’s golden age
The full implications of Beijing’s rapid-fire moves against Jack Ma’s internet empire in recent days won’t be apparent for weeks, but one lesson is already clear: The glory days for China’s technology giants are over.
Amazon moves SC against order restraining Future-RIL deal
Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi high court order which stayed a single judge's order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business.
Lockdowns to shave $1.25bn a week off economy
Amid surging pandemic cases forcing many states to curb mobility and businesses, a report has said these localised lockdowns in key economic hubs can cost the economy an average of $1.25 billion each week and may shave off 140 bps from the Q1 nominal GDP.
TikTok founder's fortune places him among world's richest
Just last year, the world’s most valuable startup, ByteDance Ltd, was being squeezed from all sides. The Donald Trump administration wanted the Chinese firm, which owns the ubiquitous TikTok video-sharing platform, to get rid of assets.