Business
November 01, 2024
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Value for Money tsar linked to string of overspends

The government’s new Value for Money chief has headed up several big projects that went massively over-budget. David Goldstone has previously worked as a top executive on the London Olympics, Parliament’s restoration and HS2 high speed rail. He will now head up the government’s new Office for Value for Money (OfVM), advising Chancellor Rachel Reeves […]

Business
November 01, 2024
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Dropbox Lays Off 20% Employees; Read CEO Drew Houston's Full Statement

Last Updated:November 01, 2024, 17:07 IST Dropbox has decided to lay off 528 employees or about 20 per cent of its workforce amid shoftening demand and macroeconomic headwinds in its core business. This is the second round of layoffs at Dropbox after a 16 per cent reduction in staff in April 2023. Dropbox, a US-based […]

Business
November 01, 2024
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Boeing raises pay offer in bid to end seven-week strike

Getty Images Striking Boeing workers are set to vote on a new offer from the aviation giant, which includes a 38% pay rise over the next four years. The International Association of Machinists and Aerospace Workers (IAM) union, which represents more than 30,000 striking workers, has endorsed the offer and says it will hold a […]

Business
October 31, 2024
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Petrol price increased by Rs1.35 for next fortnight

Against the market expectations, the federal government has increased the price of petrol by Rs1.35 per litre for the next fortnight, ending on November 15. According to a notification issued by the Finance Division, the new price of petrol will be Rs248.38 per litre, up from Rs247.03 during the last fortnight. “The Oil [and] Gas […]

Business
October 31, 2024
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Online retailer Temu faces European Union investigation illegal goods

Your support helps us to tell the story Read more From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American […]

Business
October 31, 2024
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HDB Financial Services files draft documents for Rs 12,500 crore IPO

NEW DELHI: HDB Financial Services, an HDFC Bank subsidiary, has submitted draft documentation to Sebi for raising Rs 12,500 crore through an IPO. The offering consists of Rs 2,500 crore in fresh equity shares and Rs 10,000 crore through an OFS by HDFC Bank, as detailed in the Draft Red Herring Prospectus (DRHP) submitted on […]