[ Spotify has announced record profits, but the music streaming heavyweight will still go ahead with raising its subscription prices next month. The Swedish company’s quarterly gross profit was more than €1bn for the first time after it reigned in marketing spending, although that meant the music-streaming giant missed its forecast for monthly active users. … Read more
[ Wages have increased to their highest level in almost two-and-a-half years, according to official figures, raising questions about whether the Bank of England will press ahead with an expected cut to interest rates this summer. The latest numbers from the Office for National Statistics (ONS) show average regular pay, excluding bonuses, stood at 6 … Read more
[ NEW DELHI: Foreign portfolio investors (FPIs) maintained their position as net buyers in the Indian stock markets for the third consecutive month in April. According to data from the National Securities Depository Limited (NSDL), FPIs have purchased stocks worth Rs 13,347 crore in India so far this month. Despite the positive trend, VK Vijayakumar, … Read more
[ BENGALURU: Wipro has appointed Malay Joshi as the CEO of its Americas 1 strategic market unit, effective immediately. Joshi succeeds Srini Pallia, who was appointed as CEO and MD of Wipro on Saturday.Joshi will also join Wipro’s executive board. He was previously the senior vice president and business unit head, leading communications, media, tech, … Read more
[ MUMBAI: The sensex registered marginal gains to hit a lifetime high of 74,248 on Friday after RBI maintained the status quo on interest rates amid a negative trend in global markets. On Thursday, the sensex had jumped 351 points to settle at an all-time high of 74,228. It rose 21 points further to settle … Read more
[ With its aged-white façade and wrought-iron sign, it looks like many other old café-bars in Brussels – but the black-and-white photo of seven men and two women in the next-door shop window is a clue to this watering hole’s interesting past. The soberly-dressed gang in the shot are Brussels Surrealists and the traditional estaminet … Read more
