MAY 1, 2023
Rivian Has Fallen Over 90% From Record High | Average sales estimate for the first quarter has also plunged.
The relentless erosion in Rivian Automotive Inc.’s share price is revealing an ugly truth: Investors have little faith left in the ability of the Amazon.com Inc.-backed company to compete in a crowded electric-vehicle market.
A market capitalization that exceeded $150...
MAY 1, 2023
First Republic, whose assets were battered by the rise in interest rates, struggled to avoid a government takeover. - Jim Wilson/NY Times
Regulators seized control of First Republic Bank and sold it to JPMorgan Chase on Monday, a dramatic move aimed at curbing a two-month banking crisis that has rattled the financial system.
First Republic, whose assets were battered...
MAY 1, 2023
In the midst of the Enforcement Directorate’s crackdown against education technology company Byju’s, the founders of the company Byju Raveendran and his wife Divya Gokulnath remain in the fray when it comes to the future of their company, which is worth thousands of crores.
Divya Gokulnath is the wife of Byju Raveendran and the co-founder of the edtech...
MAY 1, 2023
The Indian Supreme Court on Monday ruled that a marriage can be dissolved on the ground of “irretrievable breakdown” of the relationship. The apex court has stated that it can exercise its special power under Article 143 of the Constitution to waive the mandatory waiting period of six months for divorce by mutual consent, subject to certain...
APRIL 28, 2023
Events like the solar eclipses and tides do not happen according to the Georgian calendar, the All India Sampark Pramukh of RSS, Ram Lal, said, adding that these events are described in the Panchang. The Vice-Chancellor of the University of Delhi, Prof Yogesh Singh, in his presidential address, said that the Panchang will work to awaken Indian self-respect.
The...
APRIL 28, 2023
FILE - The SVB Private logo is displayed outside of a Silicon Valley Bank branch in Santa Monica, Calif., March 20, 2023. - Patrick T. Fallon/AFP via Getty Images, FILE
The Federal Reserve failed in its role as banking industry watchdog in the run up to the collapse of Silicon Valley Bank, the central bank said on Friday.
The...
APRIL 27, 2023
Motorcycles on the showroom floor at the Bluegrass Harley-Davidson dealership in Louisville, Kentucky, U.S., on Wednesday, Feb. 9, 2022. Harley-Davidson Inc. gained after reporting a surprise profit in the fourth quarter as strong demand in its home market and higher motorcycle prices padded earnings and shipping delays eased.
There are not enough people to repossess all the motorcycles.
That...
APRIL 27, 2023
Not only does he have a big bank balance but India’s richest person Mukesh Ambani has a big heart too! Proof of this is a gift to one of his long-time employee Manoj Modi, often called Ambani’s right hand. Reliance Industries Chairman and Managing Director Mukesh Ambani recently gifted a multi-storey building to Modi worth crores.
Modi is...
APRIL 27, 2023
Manufacturing giant 3M on Tuesday announced another round of job cuts after the one in January this year. In the latest layoff round, as many as 6,000 employees of the company are set to lose their jobs. 3M’s layoff count has now rose to 8,500 as it had in January announced 2,500 job cuts.
In total, the 8,500...
APRIL 26, 2023
If this isn't the problem with startup culture, I don't know what is! This former employee, who shared their story via this thread on Reddit's r/antiwork subreddit, was fired on December 2nd. Their boss — the CEO of the startup — has refused to deliver the Redditor's final paycheck by December 13th. The reason why? Well, the...
