Evergrande is so deeply intertwined with China’s broader economy – from retail investors to infrastructure-related firms that are a gauge for global commodities demand – that fears over contagion have kept financial markets on tenterhooks.

Media and entertainment giant Zee Entertainment Enterprises Ltd said on Wednesday its board has given in-principle approval for its merger with Sony Pictures Networks India (SPNI). Zee, which has a presence in television broadcasting and digital media with brands such as Zee TV, has been under pressure from top investors for a management reshuffle, including … Continue reading Zee Entertainment to merge with Sony India

Reserve Bank of India (RBI) governor on Wednesday highlighted the need for higher investment in healthcare and infrastructure sectors to ensure sustainable growth in the post pandemic world. Addressing AIMA’s 48th national management convention, the RBI governor said that investment in healthcare education, digital and physical infrastructure is vital to ensure sustainable growth and generate … Continue reading Need to increase investment in healthcare, infra: RBI guv

State-run fuel retailers have started losing money as they have held back upward revision in pump prices on verbal ‘nudge’ from the oil ministry, which appears to be avoiding giving opposition a political stick in the run up to the crucial UP assembly election.

The Federal Reserve on Wednesday cleared the way to reduce its monthly bond purchases “soon” and signaled interest rate increases may follow more quickly than expected, with nine of 18 US central bank policymakers projecting borrowing costs will need to rise in 2022.

Worries about debt-engorged Chinese property developers – and the damage they could do to investors worldwide if they default – rippled across markets. The S&P 500 fell 75.26 points, or 1.7%, to 4,357.73, it’s biggest drop since May. The Dow Jones Industrial Average fell 614.41 points, or 1.8%, to 33,970.47.

The data also reflects that in July, the number of members who joined EPFO for the first time increased by 6%, those who rejoined increased by around 9%, and those who exited decreased by 36.8% as compared to the previous month.

Buy-now, pay-later programs have become especially popular among Gen Z and millennial shoppers who may be skeptical of credit cards, and prefer fast, cheap payments with no interest fees and minimal credit checks. Retailers pay providers a fee for each transaction.

Lured by the promise of yields approaching 12%, gifts such as Dyson air purifiers and Gucci bags, and the guarantee of China’s top-selling developer, tens of thousands of investors bought wealth management products through China Evergrande Group.

US e-commerce giant Amazon, which is said to be investigating alleged bribes paid by its legal representatives in India, spent a staggering Rs 8,546 crore or $1.2 billion in legal expenses for maintaining a presence in the country during 2018-20, sources said. Amazon is locked in a legal tussle over the takeover of Future Group … Continue reading Amazon spends Rs 8,546cr for legal expenses in India

Freshers hiring sentiment is witnessing a gradual improvement as 17 per cent of employers across India intend to hire freshers during July-December, 2021, a 2 per cent increase over the February–April 2021, says a report.