MUMBAI: For venture capital (VC) investors who have infused several million dollars into gaming startups, the sweeping ban on online real-money gaming (RMG) has put their investments at risk. Some investments could be written off and valuation markdowns look certain. “The real money gaming segment faces complete elimination, forcing investors to reassess their entire portfolios…
NEW DELHI: It isn’t just small cars and two-wheelers, large sedans and SUVs too are likely to see a sharp reduction in prices as goods and services tax (GST) is expected to come down from the current, up to 50%, to proposed 40%, the slab for luxury and sin goods.But, there is also the fear…
BENGALURU: IT infrastructure services provider Kyndryl said on Thursday it will invest $2.25 billion (around Rs 18,900 crore) in India over the next three years, expanding its operations and building an AI Innovation Lab in Bengaluru.The company said the commitment will support modernisation of technology infrastructure for enterprises, develop future-ready talent and contribute to the…
The government has approved Rs 6,982 crore as additional capital expenditure (capex) support for BSNL in 2025, Parliament was informed on Thursday.The allocation is in addition to previous support of Rs 3.22 lakh crore provided to the state-run telecom firm through various tranches, including a Rs 69,000 crore revival package in 2019, Rs 1.64 lakh…
Walmart Inc. delivered robust second-quarter results on Thursday, showing its ability to attract shoppers and outperform rivals such as Target despite economic uncertainty and ongoing tariff pressures. The Bentonville, Arkansas-based retailer reported a 4.6% increase in comparable sales for the quarter, driven by established stores and online channels, while raising its annual sales and profit…
The battle over the independence of the US Federal Reserve has intensified, with President Donald Trump openly calling for the resignation of a governor, threatening to fire Chair Jerome Powell, and repeatedly pressuring the central bank to cut interest rates. The escalating confrontation has revived a long-running debate over why the Fed has historically been…
Sales of previously occupied US homes registered an uptick in July, aided by a modest decline in mortgage rates, slower home price growth and the largest supply of properties on the market in five years.According to the National Association of Realtors (NAR), existing home sales rose 2% from June to a seasonally adjusted annual rate…
US aviation major Boeing is negotiating a potential sale of as many as 500 aircraft to Chinese companies, Bloomberg News reported on Thursday, citing sources familiar with the discussions.A deal of this scale would mark a significant boost for the struggling manufacturer, whose shares rose as much as 3.7% in pre-market trading before settling with…
US stocks slipped again on Thursday, extending a run of modest losses that began after last week’s record high. The S&P 500 eased 0.3%, putting it on track for a fifth straight decline. The Dow Jones Industrial Average shed 236 points, or 0.5%, while the Nasdaq composite was down 0.1% in early New York trading,…
Japan is planning to announce a decade-long investment target worth 10 trillion yen ($68 billion) for India during Prime Minister Narendra Modi’s visit later this month.The plan is seen as an upgrade of the five-year investment target set three years back, aiming to deepen economic ties as Japan and India step up efforts to promote…
