BENGALURU: Prosus has invested over $8.6 billion in India, making the country one of its most significant growth bets, CEO Fabricio Bloisi said in a letter to shareholders on Thursday.The update follows Swiggy’s IPO in late 2024 and a recent investment in ride-hailing platform Rapido, which Bloisi said is growing over 100% year-on-year and facilitating…
US President Donald Trump and British Prime Minister Keir Starmer announced on Thursday a groundbreaking trade agreement with Britain, the first such arrangement since the implementation of global tariffs.“This morning I am thrilled to announce that we have reached a trade deal with the UK. Today is the Victory Day for World War 2, we…
Famous investor and Berkshire Hathaway Chairman Warren Buffett announced that he will step down as CEO by the end of this year, with Vice Chairman Greg Abel set to succeed him. Buffett, 94, made the announcement during Berkshire Hathaway’s annual shareholder meeting, adding that he will not sell a single share of Berkshire stock.Buffett’s decision…
The Indian rupee fell sharply by 84 paise to settle at 85.61 (provisional) against the US dollar on Thursday, as geopolitical tensions between India and Pakistan weighed heavily on the currency.Forex traders noted that investors sought safety in the US dollar due to heightened risk aversion in the domestic markets after Pakistan’s military made attempts…
The Bank of England has cut its main interest rate by 0.25 percentage points to 4.25%, citing concerns over the potential global economic slowdown driven by the trade policies of the Trump administration.The decision announced on Thursday, comes just hours before a widely anticipated US-UK trade deal is expected to be unveiled. President Donald Trump…
OpenAI appointed Instacart CEO Fidji Simo as its new CEO of applications, company chief Sam Altman announced in a blog post to employees.Altman clarified that he would continue to be the CEO and said that the decision will allow him to increase focus on research, computation, and safety.“Applications brings together a group of existing business…
Operation Sindoor trademark: After the government’s announcement regarding strikes on terrorist facilities in Pakistan and Pakistan-occupied Jammu and Kashmir, four separate entities submitted applications to the trademark registry for registering ‘Operation Sindoor‘.The applicants were Reliance Industries Ltd (RIL) and three private individuals – Mukesh Chetram Agrawal, Retired Group Captain Kamal Singh Oberh, and Alok Kothari….
Home made food lovers breathed a sigh of relief in April as the cost of preparing a vegetarian and non-vegetarian thali dropped by 4% as compared to the same month last year. Crisil’s latest Roti Rice Rate Report said that the fall was majorly attributed to the reduction in vegetable prices, even as cooking essentials…
Pakistan stock market has been bleeding since the Pahalgam terror attack on April 22. (AI image) Operation Sindoor has spooked the Pakistan stock market! A day after India launched missile strikes on terrorist facilities in Pakistan and Pakistan occupied Kashmir, the Pakistan stock market index KSE 100 crashed over 6%, resulting in trading coming to…
S&P expressed confidence in India’s continued robust economic growth. (AI image) S&P Global Ratings on Thursday said that the ongoing conflict between India and Pakistan poses increased risks to both nations’ credit metrics, with potential sovereign credit support deterioration if tensions escalate. While maintaining India’s rating at ‘BBB-‘ with a positive outlook and Pakistan’s at…
