WeWork may lay off thousands
According to a source, WeWork would lay off 2,000 to 2,500 employees and an additional 1,000 employees will leave as WeWork sells or closes down non-core businesses. Further, roughly 1,000 building maintenance employees will be transferred to an outside contractor
Worst days may be behind for EMs amid rate-cut pause
Protests in Latin America, Lebanon and Hong Kong will also probably cause “some consternation” for emerging markets in the short term.
FPIs’ net shorting of index futures may cap Nifty upside
FPIs were cumulatively net short index futures by 42158 contracts as on November 15.
Global investors may make a beeline for bad loans
"With the Essar Steel judgment out, it has now become easier for distress asset transactions to happen. Now, it needs to be seen how banks open up to sell their sticky assets," says Jayesh Mehta, country treasurer, Bank of America.
Vodafone-Idea problem: Investors in these debt mutual funds may be hit badly
Failure of the telecom entity to continue as a going concern will potentially hit several debt schemes holding roughly Rs 2,023 crore worth of Vodafone Idea debt. According to data, schemes of four asset management companies hold the paper.
IT companies may shed 30,000-40,000 mid-level staff: T V Mohandas Pai
T V Mohandas Pai, former Chief Financial Officer of IT major Infosys Ltd, termed these job losses as once-in-five-years normal phenomenon with maturing of the industry. "As in all sectors in the West, in India too when a sector matures so many people will be there in the middle level who will not be adding value to the salary they get," Pai told .
Commodity outlook: Gold, silver outlook bearish; crude oil, zinc may rise
Spot Silver is expected to trade in a range of $16.65 - $17.00 range.
A bruising year for stocks is ending in calm, but market volatility may not be far behind
That peace prevails in the face of upheaval has a way of infuriating certain traders.
IBC may have to be tweaked: SBI, government plan priority status for real estate AIF
India’s largest lender SBI and its arm SBI Capital Markets, which is playing a key role in setting up the fund, have started reaching out to other banks and financial institutions to participate in the AIF — a regulatory parlance for privately pooled vehicles such as venture capital, private equity, and real estate funds. A bank can invest up to 10% of the corpus of an AIF.
Environmental DNA test may reveal where birds flock together: Study
The study, published in the journal Endangered Species Research, noted that eDNA -- which is DNA collected from environmental samples like soil, seawater, or even air rather than direct sampling from an individual organism -- can be used to detect the presence of threatened terrestrial species in an ecosystem.
Irish butter may be winning hearts; but the desi 'makhan' is still the king of all
Irish butter was traditionally produced from cultured cream.
Delhi air unbreathable, may worsen today
The western disturbance occurring throughout northwest India has left the atmosphere cloudy and an isolated drizzle is expected in Delhi on Saturday. This, according to experts, would only worsen the condition as lesser rainfall will not wash out the pollutants but would increase humidity. The air quality is expected to get better from Sunday.
Over 40 outfits form 'anti-fascist coalition' to oppose Supreme Court's Ayodhya verdict
On Wednesday the outfits including Tamizhaga Vazhvurimai Katchi (TVK), Viduthalai Chiruthaigal Katchi (VCK) and May 17 Movement announced the formation of an "anti-fascist coalition". The coalition will stage a demonstration against the apex court's verdict in the decades-old Ramjanmbhoomi-Babri Masjid land dispute case in Chennai on November 21.
RCEP exit may hit shrimp exports
As per reports by Globefish, the FAO information and analysis wing of fisheries and aquaculture, India and Ecuador are two top shrimp producers in the world.
Asus ZenBook Pro Duo review: Quirky mini display feature may grow on you
The regular and mini screens help you multitask in this power-packed, but pricey laptop.
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