Mumbai: India’s largest software exporter Tata Consultancy Services (TCS) on Thursday became the most-valuable information technology (IT) company globally as it surpassed rival Accenture for the first time in terms of market capitalisation. TCS closed 3.19% higher at Rs 2,825 on Thursday on the BSE bringing its market cap to $144.73 billion or Rs 10.6 … Read more
By Katherine Chiglinsky Warren Buffett’s Berkshire Hathaway Inc. spent a record $5 billion buying back Berkshire’s own stock in the second quarter. Berkshire’s Class A shares, which fell in line with the S&P 500 in the first three months of the year as the pandemic spread in the US, fell another 1.7% last quarter while … Read more
BRUSSELS – The euro zone’s economy recorded its deepest contraction on record in the second quarter, preliminary estimates showed on Friday, while the bloc’s inflation unexpectedly ticked up in July. In the months from April to June, gross domestic product in the 19-country currency bloc shrank by 12.1% from the previous quarter, the European Union‘s … Read more
CHICAGO: Harley-Davidson Inc on Thursday said it will lay off 500 employees this year as part of new Chief Executive Jochen Zeitz’s efforts to revive the struggling motorcycle maker. As part of the overhaul, Chief Financial Officer John Olin will leave the company effective immediately. Darrell Thomas, treasurer, will become interim chief financial officer, it … Read more