Cryptocurrency exchange unicorn CoinSwitch laid off 44 employees from its customer support team earlier this month, citing redundancy in roles in the customer support team. The move comes barely a week after fellow crypto unicorn CoinDCX laid off 12 per cent of its workforce – an estimated 80 employees – amid challenging macroeconomic conditions and regulatory uncertainty in the sector. […]

The Centers for Medicare and Medicaid Services has announced the first 10 drugs selected for Medicare to negotiate with drug manufacturers to lower their prices. These 10 drugs are taken by 9 million senior U.S. citizens, according to Domestic Policy Advisor Neera Tanden. They cover chronic conditions like cancer, heart disease, arthritis, and diabetes that can cost up to $14,000 […]

The UK private sector entered the contraction territory in August ending a six-month period of expansion as sluggish domestic economic conditions as well as higher interest rates damped demand, a closely watched survey showed Wednesday. The flash S&P Global/Chartered Institute of Procurement & Supply composite output index slipped to a 31-month low of 47.9 in August from 50.8 in the […]

Three senior executives have resigned from Byju’s at a time when the most valuable edtech company has been trying to address challenges such as due diligence issues, legal battles with lenders, challenges in raising fresh capital, and a markdown in its valuation by investors. Prathyusha Agarwal, the chief business officer of Byju’s, has quit, according to sources. They said Himanshu […]

The banking system’s liquidity slipped into deficit for the first time in the current financial year (2023-24) due to the imposition of the Incremental Cash Reserve Ratio (I-CRR) for banks and outflows from goods and services tax (GST) payments, according to dealers. Reserve Bank of India (RBI) data shows it injected Rs 23,644 crore on August 21. The last time […]

Worried by a spike in Chinese imports, the Indian Steel Association (ISA) plans to take up the matter with the government and seek measures to fix “trade distortions”. Alok Sahay, secretary general of the group that represents the country’s steel producers, said systemic changes were needed. “In order to take any trade measure, it takes a minimum of 15 months’ […]

3M, the chemical and manufacturing giant, said on Tuesday that it reached a $6 billion settlement over claims that it had sold defective combat earplugs to the U.S. military. The lawsuits were brought by military service members and veterans who claimed that the earplugs sold by 3M had led to hearing damage and tinnitus, a ringing sensation in the ears. […]

Companies in India are planning to press the pedal on capital expenditure (capex) in the coming months to cash in on rising consumption demand and the government’s Rs 10 trillion investment in infrastructure. A dipstick survey of 22 chief executive officers (CEOs) across India shows that over 86 per cent of the respondents have invested in the past one year […]

In late October, Netflix released a German production of “All Quiet on the Western Front.” Based on Erich Maria Remarque’s classic novel, the latest version of the timeless classic about the senselessness of war “honours the 1930 original by keeping any sense of glory or triumph out of the intricately mounted battle scenes,” according to critic Jim Schembri. The movie […]