A difficult candidate test, broken job promises and refund dispute: Unacademy’s Relevel comes under fire
With the growth engine sputtering, funding slowing down and the spectre of regulation looming large, there are many curveballs that Unacademy and its peers will have to grapple with in the coming months. At a time like this, Gaurav Munjal has been extremely bullish...
Dr. Martens Plunges After Fresh Profit Warning
Dr. Martens (LON:DOCS) stock plunged at the open on Thursday to a new all-time low, after the bootmaker was forced to cut its forecasts once again in response to problems in North America. Dr. Martens said a variety of operational problems had created a...
Biggest opening day for Myntra’s Big Fashion Festival with 19 mn visitors
Walmart-owned Myntra said that its online sale event Big Fashion Festival (BFF), has been off to an incredible start, with the ongoing event recording purchase of nearly 600,000 items in the first hour. The opening day saw an overwhelming response with about 19 million visitors from...
BoJ Holds Ultra-Low Interest Rates, Raises 2022 Inflation Forecast
The Bank of Japan (BoJ) held interest rates at record lows as expected on Friday, and said inflation is likely to rise more in the near-term as the Japanese economy struggles with elevated raw material costs and supply chain issues The central bank held...
Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting
The U.S. dollar stabilized in early European trade Thursday near a one-month low after the first day of Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress, while sterling edges lower ahead of the latest Bank of England meeting. At 01:50 ET (05:50 GMT),...
India has created ‘perverse incentives’ for firms to stay small. Here’s how to fix it
01 June 2021
Economics isn't something that can only be learned from books and journals – in fact, as an important part of modern life, there are a number of great movies made about economic themes. From the 2008 financial crisis to the formation of game theory, movies have documented...
“Rising Protests: Voices Against Conflict in Gaza Grow Louder in Brooklyn and US Universities”
Protests against Israel are growing, with people hitting the streets in Brooklyn and US universities. They want the fighting in Gaza to end and are speaking out against civilian harm. These protests are becoming more common, especially at East Coast universities. In the US,...
China Q4 GDP Slows on COVID Woes, But Beats Expectations
The Chinese economy grew at a slower pace in the fourth quarter of 2022, data showed on Tuesday, as disruptions caused by the country’s now relaxed zero-COVID policy weighed heavily on business activity, although the reading still beat expectations. Chinese gross domestic product (GPD)...
Asian Stocks Slammed by Fed Rate Hike Risks
Asian stock markets sank on Wednesday, tracking overnight losses on Wall Street as investors awaited an interest rate hike and more hawkish signals from the Federal Reserve.
Hong Kong’s technology-heavy Hang Seng index continued to lag its peers, falling 1.5%, while Japan’s Nikkei 225 index lost 1.3%....
Countdown to Zomato IPO: stay on top with ET Prime’s exhaustive coverage on India’s food-tech sector
The number of employees working from home in many countries was increasing even before the coronavirus forced our hand. In America, according to the 2017 consensus, around 5% of the population were working from home, which was up on the year before and an increase of...