Package delivery and logistics major Deutsche Post DHL Group reported Thursday weak earnings in its fourth quarter, despite higher revenues benefited mainly by international operations. For fiscal 2022, the company recorded improved results, but sees weak earnings for fiscal 2023. Over the medium term, it projects earnings growth. Further, the company raised its dividend and expanded share buyback program. Chief […]

The mutual fund (MF) industry has seen a fair number of new entrants in the last 10 years but none of them have proved to be much of a challenge for the larger players. The list of top 20 fund houses, which manage over 90 per cent of the industry’s total assets, continues to be dominated by players who have […]

‘80% of the rural and urban population don’t have enough purchasing power.’ Recently released data on India’s economic growth by the National Statistical Office revealed that India’s economic growth decelerated to 4.4% in the October-December 2022 quarter. Former RBI governor Dr G Raghuram Rajan warned that India was dangerously close to the Hindu rate of growth of 4%. Are we […]

Gregory Becker, the chief executive of Silicon Valley Bank, leaned back in his chair at a technology conference last week in San Francisco’s luxurious Palace Hotel, and delivered a bullish message. In the confident, almost bombastic, style that was his signature, Mr. Becker told the audience of investors, Wall Street analysts and technology executives that Tuesday afternoon that the future […]

Senior BBC management has been accused of fostering a “toxic culture” from the “DG-down” in a letter criticizing the closure of its 99-year-old choir. The co-directors of BBC Singers, the BBC choir that’s facing the axe, made the claim in a letter to BBC Chair Richard Sharp. The decision to close the near-century-old choir has been met with major opposition […]

The Department of Transportation has rolled out a new family seating dashboard that highlights the U.S. airlines that guarantee fee-free family seating and those that do not. This reform will make it easier for parents to avoid paying junk fees to sit with their children. This is an added feature to the existing dashboard, which already includes services for delayed […]

Education ads are among the worst offenders when it comes to misleading claims. After keeping tabs on factual discrepancies, the Advertising Stand­ards Council of India (Asci) is now updating its guidelines for the sector to curb the tendency of such ads to perpetrate negative habits and stereotypes. The industry watchdog has invited public consultation star­ting on Monday until April 15, […]

Meta Platforms Inc., the owner of Facebook and Instagram, is planning to cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg reported citing people familiar with the matter. The report said the company is planning to offer buyout packages to managers and cutting whole teams it considered nonessential. Directors and vice presidents were […]

WASHINGTON — A sweeping package aimed at containing damage to the financial system in the wake of high-profile failures has prompted questions about whether the federal government is again bailing out Wall Street. And while many economists and analysts agreed that the government’s response should not be considered a “bailout” in key ways — investors in the banks’ stock will […]