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Garg, who is in his mid-40s, cited market efficiency, performance and productivity as the reason behind the firings. (Representational Image: Reuters)

Indian-origin CEO who fired 900 on Zoom call takes time off after...

On Dec 1 over a Zoom call that lasted less than 3 minutes, Garg abruptly fired more than 900 employees, about 9% of the...

11 Dec 2021 2:32 PM IST

Gold prices in the international market are 12 per cent lower than their record high levels of $2,072 per ounce. DC Image

Duties fail to make dent in gold imports

The duty benefits led to rapid expansion of refining capacity in India, with number of refineries growing from three in...

10 Dec 2021 9:24 AM IST

Housing sales fell 67 per cent at 21,294 units across nine major cities during April-June due to outbreak of the coronavirus pandemic. (PTI Photo)

Housing prices to move up 5% in 2022: Report

While 2021 was mostly impacted by pandemic-induced volatility, 2022 may prove to be a more stable year for the sector

10 Dec 2021 9:22 AM IST

Sebi slaps Rs 3 cr fine on 5 entities in Bank of Rajasthan insider trading case. (PTI Photo)

Sebi mulls algo trading norms for retail investors

The algo trading system automatically monitors the live stock prices and initiates an order when the given criteria are...

10 Dec 2021 9:20 AM IST

Reliance Mutual Fund is now Nippon India Mutual Fund with Nippon Life Insurance as its new promoter with 75 per cent stake.

SIPs lift MF assets to Rs 37.33 L cr

Equity-oriented mutual funds witnessed robust net inflow of Rs 11,615 crore in November, sharply higher than Rs 5,215...

10 Dec 2021 9:18 AM IST

Google Pay has started its own Tez Shots Campaign which says, Score Runs to earn assured rewards worth up to Rs 1 lakh . Yet Play Store policies that got Paytm temporarily removed did not apply to Google Pay, the home-grown digital financial services firm alleged.

Paytm gets scheduled bank status

While a payments bank cannot access the call money market or the interbank line, a scheduled bank can

10 Dec 2021 9:15 AM IST

Dey also introduced a new concept of business development officers (BDO), by which 50 per cent officials will focus on marketing the insurers products. orientalinsurance.org.in

Oriental weighs options in resizing network

OIC CMD Anjan Dey asked the officers to identify profitable products and lines of business, besides improving the claim...

10 Dec 2021 9:07 AM IST

According to the data released by the Central Electricity Authority, solar power generation in the second quarter (Q2) of calendar year 2019 increased by 29 per cent year-on-year to 12,277 million units (MUs) compared to Q2 2018 during which approximately 9,514 MUs were generated by solar projects.

Solar installations up 335% in nine months

Installations grew despite market challenges, according to a report by Mercom India

10 Dec 2021 9:04 AM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)

Retail inflation expected to be around 5.3 per cent in current fiscal:...

The inflation trajectory is likely to be in line with our earlier projections, Das said

8 Dec 2021 11:48 AM IST

Infrastructure push can re-ignite economic growth, says RBI Governor Shaktikanta Das. (PTI Photo)

RBI maintains status quo for 9th consecutive time; retains repo rate...

The inflation projection has been retained at 5.3 per cent for the current financial year

8 Dec 2021 10:41 AM IST

The rupee pared initial gains to fall 7 paise to 71.82 against the US currency in late morning deals on Thursday on bouts of dollar demand from banks and importers. (Photo: DC)

India among most unequal nations; top 1% of population holds 22% of...

The report pointed out that the average national income of the Indian adult population is Rs 204,200

8 Dec 2021 9:38 AM IST

Audi's new A4 comes at Rs 40 lakh

Audi followed this launch with eight more launches to script a strong growth in terms of sales

7 Dec 2021 12:22 AM IST