Top 5 latest business news in India
With the help of the latest business news, you are updating your knowledge regarding your business and also the trending business issues going in the country. And the latest business news can also be very useful to extend your business. So, I am discussing the top 5 latest business news and issues out there.
TCS shares end flat ahead of March quarter earnings announcement:
The scrip declined 0.26 percent to close at 2013.75 Rs on the BSE. During the day, it fell by 0.54% to 2008.05 Rs. On the NSE, shares of the company closed 0.31 percent lower at 2013.05 Rs. In terms of volume, 1.65 lakh shares were traded on the BSE during the day, while over 31 lakh shares were changed the hands on the NSE. A meeting of the directors of TATA Consultancy Services is scheduled to help to record the financial results and audit them.
China exports rise in March rebounding from a slump:
Despite President Donald Trump’s hikes in tariff, China’s exports rebounded from a fall in March to the United States strongly. Exports rose for about 14.2% and a year ago to 198.7 billion dollars, as said by a spokesman for the customs on Friday, recovering from February’s 20.8% contraction. Imports fell by 7.6% to 166 billion dollars, worsening the previous month’s 5.2% decline.
According, to Li Kuiwen the exports to the United States of America has hiked about 10.6% as measured in the Chinese Currency. However, He did not give any figure in dollars but said that the imports of American goods plunged 21% in yuan terms. The export slump has added to pressure on the Chinese leader’s to make peace in a tariff war with Washington over Beijing’s technology ambitions.
Uber unveils IPO with the warning it may never make a profit
Uber Technologies has 91 million users, but growth is slowing and it may or may not be able to make a profit as said by the company on Thursday during its IPO filing.
The record gave the first exhaustive financial picture of the decade-old company which was started after its founders tackle to get a cab on a snowy night and have changed the way much of the world travels. Uber’s rapid growth in the last three years but also how a string of public rumor and increased competition from competitor have weighed on its plans to attract and retain riders. Uber lost $3.03 billion in 2018 from operations.
Amazon’s Jeff Bezos challenges retail rivals to raise minimum wages
Jeff Bezos who is the CEO of multinational company Amazon has challenged the rival retailers to increase their minimum earning amount to 16$ per hour.
Amazon’s earnings hike came at a time when US unemployment was at a nearly two-decade low as broker and transporters were competing for workers. The earning hike has benefited more than 250,000 Amazon employees. These hikes have also benefitted around 100,000 seasonal employees who were involved in working for Amazon sites in last holidays.
Sensex ends 238 points up despite high oil price
The standard Sensex closed 238 points higher on Tuesday despite the cheap oil prices hitting a five-month high. Analysts said the gains came on the back of positive global cues and expectations of healthy corporate earnings from the IT and banking sectors. The BSE Sensex closed 238.69 points or 0.62 percent higher at 38,939.22, while the Nifty settled higher by 67.45 points or 0.58 percent at 11,671.95. The rupee too gained against the dollar despite surging obscene oil prices, owing to Reserve Bank of India (RBI) intervention.
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