The Times of India - Business (4 minutes ago)
Airbnb CEO Brian Chesky acknowledges that the company needs to improve its core service, including affordability, reliability, and customer support. Chesky aims to make prices more competitive and encourage hosts to lower their margins to attract more bookings. AI is being used to verify listings and detect fake ones, as well as to identify...
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Indian shares closed lower on Tuesday due to mixed auto sales data in September and concerns over elevated interest rates. The Nifty 50 index fell 0.56% and the Sensex fell 0.48%. Auto stocks dropped 1.20%, with Eicher Motors and Escorts Kubota among the biggest losers. State-run oil producer ONGC also saw a decline in its stock, dragging the...
ReadThe Times of India - Business (4 minutes ago)
Sam Bankman-Fried, the former billionaire and founder of FTX cryptocurrency exchange, is set to go on trial for allegedly stealing billions of dollars from customers. He has pleaded not guilty to charges of fraud and conspiracy, but acknowledges inadequate risk management.
ReadThe Times of India - Business (53 minutes ago)
Meta Platforms is reportedly considering a plan to offer ad-free versions of Instagram and Facebook to users in the European Union for a monthly fee of around 10 euros ($10.46) on desktop and 13 euros on mobile. This comes after the social media company was fined 390 million euros for data privacy violations. Meta has informed European regulators...
ReadThe Guardian - Business (2 hours ago)
Eight men tell BBC Panorama they attended events involving sex acts run for Mike Jeffries and his partner, some after sexual 'auditions'The former CEO of Abercrombie & Fitch has been accused of exploiting young men for sex at events he and his partner hosted in the US and around the world, according to a BBC investigation.Most of the men also...
ReadThe Times of India - Business (3 hours ago)
India's economy is predicted to grow at 6.3% in the current financial year, supported by investment and domestic demand, according to a World Bank report. The report states that India has shown resilience in the face of a challenging global environment. India's growth is expected to outpace other emerging markets and reach 6.3% in FY2023-24.
ReadThe Times of India - Business (4 hours ago)
The Russian ruble has depreciated to nearly 100 per dollar, a significant milestone for both consumers and the government. Efforts by policymakers to stabilize the currency have been unsuccessful, leading to discussions about implementing capital control measures. The central bank has raised interest rates in the past to support the ruble, but Bank...
ReadThe Times of India - Business (5 hours ago)
India's factory activity expanded at a slower pace in September, but remained strong due to strong demand. The Manufacturing Purchasing Managers' Index fell to 57.5 from 58.6 in August, marking the 27th consecutive month of expansion. Despite a softer increase in new orders, both domestic and international demand drove new orders and output....
ReadThe Times of India - Business (5 hours ago)
Shares of JSW Infrastructure, India's second-largest commercial port operator, surged 20.17% in pre-open trade, valuing the company at $3.61 billion. This successful debut follows a string of other recent successful IPOs in India, driven by strong investor appetite. JSW Infra plans to use the IPO proceeds to fund expansion projects and repay debt.
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