India has made remarkable progress in the global innovation index ranking finding a place in the top 40 for the first time, according to the annual report released by the World Intellectual Property Organization (WIPO) on Thursday. “India is the innovation leader in the lower middle-income group. It continues to lead the world in ICT...
New Delhi: Billionaire tycoon Gautam Adani has now slipped to the third spot on the Bloomberg Billionaires Index. Amazon founder Jeff Bezos has reclaimed his second spot and is ahead of Asia's richest man by a narrow margin. The Bloomberg Billionaires Index is a daily ranking of the world's richest people. Adani's net worth stands...
New York: Chicago Federal Reserve President Charles Evans says he’s feeling apprehensive about the U.S. central bank raising interest rates too quickly in its quest to tackle runaway inflation. Speaking to CNBC’s “Squawk Box Europe”, Evans said he remains “cautiously optimistic” that the U.S. economy can avoid a recession — provided there are no further...
New Delhi: Economic affairs secretary Ajay Seth has dismissed the concerns over depleting foreign reserves as 'overblown' and said that India has a fairly large reserve to tide over the current situation. Forex reserves were down for the seventh time, dropping to $545.65 billion. The reserves, which have been dipping as the central bank deploys...
New Delhi: Noting that the tier two and three cities are becoming the centre of economic activities, Prime Minister Narendra Modi said that there should be a focus on developing industry clusters in such areas. Addressing a conference of Council of Mayors and Deputy Mayors of BJP in Gujarat via video conferencing, the Prime Minister...
Bengaluru: Wipro has sacked some 300 employees for 'moonlighting' as the IT services firm toughens its stand against staffers taking a second job after work hours. Its chairman Rishad Premji, who has been a vocal critic of moonlighting, said the company has no place for any employee who chooses to work directly with rivals while...
San Francisco: American Airlines has confirmed a data breach that affected some of its customers' data exposing names, birthdays, mailing and email addresses, phone, driver's license and passport numbers and "certain medical information". The airline, however, said that it has no evidence to suggest that "your personal information was misused." "Nevertheless, out of an abundance of...
Chennai: Takeover tycoon and world's second richest person, 60-year-old Gautam Adani, naturally heads India's rich list with wealth of Rs 10,94,400 crore, as per the IIFL Wealth Hurun India Rich List 2022. Adani ranks second after Tesla CEO, Elon Musk who has net worth of Rs 12.37 lakh crore. Interestingly, Adani gets the honours for the...
San Francisco: Twitter shareholders approved billionaire Elon Musk’s proposed $44 billion buyout, paving the way for a trial next month to determine the deal’s fate. A majority of Twitter shareholders voted in favor of accepting Musk’s $54.20-a-share offer to acquire the social-networking company, according to a preliminary vote count. Musk made the bid in April and...
