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PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
Nov 29, 2023
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
Jan 15, 2024
  California's New Law: Turning Parking Lots into Affordable Housing   Introduction  In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing.   The Law's Provisions  The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Jan 15, 2024
  Former Citibank Analyst's Unfair Dismissal Claim Rejected   Employee Lied About Food Expenses  A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after a tribunal discovered he had lied about buying food for his partner and charging it to his employer.   Fekete, who was a senior analyst, claimed he had been both wrongfully and unfairly dismissed by Citibank....
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SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
Mar 22, 2024
MUMBAI, March 22 (Reuters) - STOCKS: The benchmark BSE Sensex rose 190.75 points, or 0.26%, to 72,831.94, while the broader NSE index gained 66.1 points, or 0.30%, to 22,078.05, as IT sector bellwether Accenture's revenue warning offset optimism around U.S. Federal Reserve rate cuts. RUPEE: The Indian rupee weakened 0.33% versus the U.S. dollar, and quoted at 83.43 per dollar,...
US Stock Futures Flat Ahead of Powell Speech After Reaching Record Highs on Thursday
US Stock Futures Flat Ahead of Powell Speech After Reaching Record Highs on Thursday
Mar 22, 2024
08:24 AM EDT, 03/22/2024 (MT Newswires) -- US stock futures were flat in Friday's premarket session after equity indexes closed at record highs on Thursday, as investors awaited Federal Reserve Chairman Jerome Powell's speech, scheduled for 9:00 am ET. Powell will deliver the opening remarks at a Fed Listens event in Washington on the topic of transitioning to a post-pandemic...
US STOCKS-Futures tick up after Wall Street hits record highs
US STOCKS-Futures tick up after Wall Street hits record highs
Mar 22, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures up: Dow 0.04%, S&P 0.11%, Nasdaq 0.18% March 22 (Reuters) - U.S. stock index futures inched higher on Friday, setting Wall Street on course for strong weekly gains as investors cheered the Federal Reserve sticking to its rate-easing...
Dell, TJX And 2 Other Stocks Insiders Are Selling
Dell, TJX And 2 Other Stocks Insiders Are Selling
Mar 22, 2024
The Nasdaq 100 closed higher by around 80 points on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an...
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Marvell forecasts second-quarter revenue above estimates on strong demand for custom AI chips
Marvell forecasts second-quarter revenue above estimates on strong demand for custom AI chips
May 29, 2025
By Priyanka G May 29 (Reuters) - Marvell Technology ( MRVL ) forecast second-quarter revenue above Wall Street estimates on Thursday, betting on strong demand for its custom chips powering artificial intelligence workloads in data centers. Demand for custom AI chips continues to fuel growth, while networking chips and electro-optics have also seen robust order momentum. These advancements help hyperscalers...
Exclusive-Trump aims to exceed first term's weapons sales to Taiwan, officials say
Exclusive-Trump aims to exceed first term's weapons sales to Taiwan, officials say
May 29, 2025
WASHINGTON/TAIPEI (Reuters) -The United States plans to ramp up weapons sales to Taipei to a level exceeding President Donald Trump's first term as part of an effort to deter China as it intensifies military pressure on the democratic island, according to two U.S. officials. If U.S. arms sales to Taiwan do accelerate, it could ease worries about the extent of Trump's commitment...
Skyworks names insider Robert Schriesheim as interim CFO after Dentinger withdraws
Skyworks names insider Robert Schriesheim as interim CFO after Dentinger withdraws
May 29, 2025
May 29 (Reuters) - Chipmaker Skyworks Solutions on Thursday named insider Robert Schriesheim as interim finance chief, after Mark Dentinger decided not to join the Apple supplier as previously announced. Dentinger, who was set to take over as CFO on June 2, will not be joining due to a medical condition, the company said. It has begun searching for a...
Chinese tech companies prepare for AI future without Nvidia, FT reports
Chinese tech companies prepare for AI future without Nvidia, FT reports
May 29, 2025
(Reuters) -China's biggest technology companies have begun the process of switching to homegrown chips as they contend with a dwindling stockpile of Nvidia ( NVDA ) processors and tightening United States export controls, the Financial Times reported on Thursday. Alibaba ( BABA ), Tencent ( TCTZF ) and Baidu ( BIDU ) are among those starting to test alternative semiconductors...
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Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Charles Schwab profit surges on trading boom, asset growth
Charles Schwab profit surges on trading boom, asset growth
Jul 18, 2025
(Reuters) -U.S. brokerage firm Charles Schwab said on Friday its profit rose nearly 60% in the second quarter, driven by robust trading activity and increased asset management fees. Shares of Charles Schwab, which have gained nearly 26% in 2025, rose 2.5% in premarket trading. Market uncertainty from President Trump's broad tariff measures sparked heightened volatility earlier this year, driving investors...
Neogen Closes $130 Million Sale of Cleaners, Disinfectants Business to Kersia Group
Neogen Closes $130 Million Sale of Cleaners, Disinfectants Business to Kersia Group
Jul 18, 2025
09:02 AM EDT, 07/18/2025 (MT Newswires) -- Neogen (NEOG) said Friday it has completed the sale of its global cleaners and disinfectants business to Kersia Group for $130 million in cash, plus contingent consideration tied to future performance of the business. Net proceeds from the transaction will be used to repay $100 million of debt in the current quarter, Neogen...
Post-It Maker 3M Defies Tariff Headwinds With Strong Q2 And Outlook Boost
Post-It Maker 3M Defies Tariff Headwinds With Strong Q2 And Outlook Boost
Jul 18, 2025
Post-it maker 3M Company ( MMM ) stock surged Friday after it reported better-than-expected second-quarter 2025 results and raised its full-year guidance. The company posted GAAP sales of $6.3 billion, up 1.4% year over year. Adjusted sales came in at $6.2 billion, reflecting 1.5% organic growth and beating the consensus estimate of $6.09 billion. This marked 3M’s third consecutive quarter...
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Will Markets Continue to Dump Amid $1.6B in Crypto Options Expiring Today? 
Will Markets Continue to Dump Amid $1.6B in Crypto Options Expiring Today? 
Oct 10, 2024
Around 18,800 Bitcoin options contracts will be expiring on Friday, Oct. 11, with a notional value of around $1.1 billion. Today’s options expiry is very similar to last week’s as implied volatility declines, and expiry events are now smaller. Therefore, it is unlikely to impact spot markets, which have been retreating this week. Bitcoin Options Expiry This week’s batch of...
Google Officially Integrates Ethereum Name Service (ENS) into Search Engine
Google Officially Integrates Ethereum Name Service (ENS) into Search Engine
Oct 10, 2024
Google has officially integrated the Ethereum Name Service (ENS) into its search engine. This allows users to search for any .eth domain and view the corresponding Ethereum (ETH) balance directly within the search results. This development marks a major step in making cryptocurrency information more accessible to the general public. ENS Support and Features Google has officially integrated ENS, allowing...
Taiwan’s Financial Watchdog Prepares to Test Crypto Custody Services with Local Banks
Taiwan’s Financial Watchdog Prepares to Test Crypto Custody Services with Local Banks
Oct 10, 2024
Taiwans Financial Supervisory Commission is preparing to roll out a pilot program for institutional crypto custody. The regulatory agency intends to collect applications in early 2025, and three private banks have already expressed interest in participating. The latest move signifies efforts to promote institutional adoption of crypto in the region. Institutional Crypto Custody in Taiwan According to a report by...
Here’s How Much Ripple (XRP) and Shiba Inu (SHIB) Binance Currently Holds
Here’s How Much Ripple (XRP) and Shiba Inu (SHIB) Binance Currently Holds
Oct 10, 2024
TL;DR Binance’s latest Proof-of-Reserves report shows full backing of customer assets. The effort aims to increase transparency after FTX’s collapse. Its Time for PoR Again Binance recently released its latest Proof-of-Reserves (PoR) report. The efforts main goal is to show that the exchange has enough crypto assets to cope with all customers withdrawals, with reserves available in case of emergency. When...
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