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Tue, Mar 22, 2022 6:35 PM

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Indian Oil Corp collaborated with IBM to set up a shared service centre
Tue, Mar 22, 2022 6:30 PM

Indian Oil Corp collaborated with IBM to set up a shared service centre

Indian Oil Corp ties up with IBM to establish its shared service centre (SSC) for vendor invoice management. The centre will be operated by employees from both IOCL and IBM Consulting’s Business Process Operations. The digital initiative will synergize invoice processing from a centralized office based in Noida and will be able to process over 1.5 million invoices annually.

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Bitcoin surged as much as 5.6% to $43,337 today
Tue, Mar 22, 2022 6:26 PM

Bitcoin surged as much as 5.6% to $43,337 today

Bitcoin surged as much as 5.6% to $43,337, its highest since March 3, and was last up 4.1%. Ether, the second-largest digital coin, zoomed as much as 5.4% to its highest since Feb. 17. Ether, the coin linked to the Ethereum blockchain was last seen trading 3.6% higher at $3,008. Since its intra-day low of $34,324 on Feb. 24, the original cryptocurrency has added nearly 26%.

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Robinhood rolls out new debit card
Tue, Mar 22, 2022 6:20 PM

Robinhood rolls out new debit card

On Tuesday, Robinhood Markets Inc rolled out a new debit card that would allow spare change investing. The company is eyeing to expand beyond trading and into more consumer finance verticals, heating up competition with fintech giants Chime and PayPal. Via the card, “users could choose to round up their change to the nearest dollar and invest it in assets of their choice.”

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Amid cybersecurity risks piled up, shares of Okta cluttered
Tue, Mar 22, 2022 6:19 PM

Amid cybersecurity risks piled up, shares of Okta cluttered

Okta Inc. shares tanked today after the company which manages network access for thousands of U.S. companies began reporting regarding its investigation of an illegal data breach. The company was warned to the potential breach when hackers, represented a group called LAPSUS$ and posted images of what were claimed to be Okta's internal technology on the Telegram page.

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Philippines to enable full foreign ownership in telecoms, airlines, others
Tue, Mar 22, 2022 6:19 PM

Philippines to enable full foreign ownership in telecoms, airlines, others

Philippines President Rodrigo Duterte permitted an amendment to the Country's law to enable complete foreign ownership of firms in services like telecoms and shipping. Earlier, the Southeast Asian nation turned out as a regional laggard in attracting foreign investors. This was, to some extent, due to caps on ownership of firms in key sectors and its reputation for red tape.

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Amid Ukraine crisis, wheat and wheat products prices to spike
Tue, Mar 22, 2022 6:11 PM

Amid Ukraine crisis, wheat and wheat products prices to spike

As a result of the ongoing conflict between Russia and Ukraine, there is a spike in the prices of almost every commodity. Along with other commodities, the wheat products too got costlier. The war led to the halt of wheat export from Russia. This has given an opportunity to India and it is the second-largest wheat-producing nation in the world.

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IndiGo achieves highest on-time-performance ranking at four metro airports
Tue, Mar 22, 2022 6:08 PM

IndiGo achieves highest on-time-performance ranking at four metro airports

IndiGo turned out as the best on-time performance (OTP) carrier with 95.4% at four metro airports in February. At the same time, Go First attained the number two position with 94.1% in the same month. The aviation regulator DGCA study further revealed Vistara, SpiceJet, Air India, AirAsia India and Alliance Air had OTP of 90.9%, 90.9%, 89.8%, 88.5% and 88.5% respectively.

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A proxy fight at Turtle Beach to be rolled out by Donerail Group
Tue, Mar 22, 2022 6:07 PM

A proxy fight at Turtle Beach to be rolled out by Donerail Group

To oust the gaming equipment company's entire board of Turtle Beach Corp, Donerail Group is working with a different asset manager. Also, the company has nominated six directors to faithful a steady price drop of stocks, the investment firm wrote to other investors. The launch was official and displayed its six candidates, who have expertise in gaming, capital allocation & strategic transactions.

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Dow Jones futures surged on Tuesday as Treasury yields continues gain
Tue, Mar 22, 2022 6:01 PM

Dow Jones futures surged on Tuesday as Treasury yields continues gain

Dow Jones futures surged during Tuesday's early deals as treasury yields extended their gains and U.S. oil prices paused after Monday's surge. During the market's pre-opening session, Dow Jones stock Nike zoomed over 5% as it announced a smaller-than-expected drop in fiscal third-quarter earnings. Even Chinese retailer Alibaba gained 8% after it hiked its buyback programme to $25 billion.

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A $8.2 million ESOP Buyback to be run by Rebel Foods
Tue, Mar 22, 2022 5:59 PM

A $8.2 million ESOP Buyback to be run by Rebel Foods

The ex and already working employees will be participating in this ESOP buyback by Rebel Foods. The startup will be buying back 7,270 equity shares from its staff at a price of INR 86,019 per share, according to a recent resolution passed by the shareholders of Rebel Foods suggests. However, it is still not clear how many employees have profits from this ESOPs buyback exercise.

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Infosys to purchase Germany-based oddity for €50 million
Tue, Mar 22, 2022 5:54 PM

Infosys to purchase Germany-based oddity for €50 million

A definitive agreement has been signed by Infosys Ltd to acquire a Germany-based digital marketing agency, oddity, for €50 million (nearly ₹419 crores). It is expected that the acquisition will support Infosys’s digital experience capabilities in Germany, across Europe, and Northeast Asia. During the first quarter of fiscal 2023, the acquisition is expected to close.

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L&T board to discuss generating funds through debt on March 24 meeting
Tue, Mar 22, 2022 5:52 PM

L&T board to discuss generating funds through debt on March 24 meeting

Larsen & Toubroreported that the company’s board will discuss the raising of funds through debt during its meeting on March 24, 2022. The move will serve as part of the heavy engineering Company's refinancing program. Following this, Jefferies retained a 'buy' call on the stock. However, it reduced the target price to Rs2,525 from Rs2,675 per share.

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A new platform rolled out by BlueStacks which permits modding games
Tue, Mar 22, 2022 5:51 PM

A new platform rolled out by BlueStacks which permits modding games

A cloud-based android gaming platform, BlueStacks has launched the Creator Studio & Creator Hub for modding and sharing modded mobile games. Rolling out this, mobile games developed on the Cocos, Unity, and Unreal engines can be flexibly modded and shared, reaching over four billion users and 4.5 mn creators. Modding can be done at 3 levels: basic, intermediate, and advanced.

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Coincheck to list on Nasdaq via $1.25 billion amalgamation
Tue, Mar 22, 2022 5:45 PM

Coincheck to list on Nasdaq via $1.25 billion amalgamation

One of Japan's largest cryptocurrency exchanges, Coincheck, has approved its amalgamation with Nasdaq-listed special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV. Thunder Bridge announced that the merger is anticipated to be completed in the second half of 2022. The projected transaction is valued at roughly $1.25 billion.

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