Photo: The Economic Times
UBS Group AG cut bonuses for last year by 10% after its dealmakers saw revenue erode by a slump in mergers and capital raisings. On March 6, CEO Ralph Hamers received 12.2 million Swiss francs ($13 million) for his second full year in the job, an increase from the 11 million francs a year earlier. The Zurich-based lender set aside $3.3 billion for employee bonuses last year.
Elon Musk has once again become the world's wealthiest person, surpassing luxury tycoon Bernard Arnault. The shift occurred after shares of Arnault's LVMH dropped in Paris trading. Musk and Arnault have been in a close race for the top spot on… read-more
TAGS: Elon Musk, Wealthiest Man, Tesla, Billionnaires, Bloomberg report
The Apple Store website, the official online retail channel for the company's products, has gone offline. On visiting the site it shows, “Be right back. We’re making updates to the Apple Store. Check back soon.” Furthermore, the sudden outage on… read-more
TAGS: Technology, apple store, shut down, Website, Launch
In a bizarre incident, a man stood naked in front of Vatican Church to protest against the Ukraine-Russia War. Visiting the St. Peter’s Basilica church, the man, who had an inscription painted on his back calling for the children of Ukraine to be… read-more
TAGS: Vatican Church, ukraine war, Naked Man, protest, Police
The Reserve Bank of India (RBI) concluded its bimonthly monterary policy meeting, and announced a major relaxation for people. Considering inflation above the 4% target, the RBI Governor Shaktikanta Das led MPC decided to keep repo rate unchanged… read-more
TAGS: RBI GOVERNOR, Indian Banks, repo rate, RBI, business
Akash Ambani, the elder son of billionaire Mukesh Ambani, and his wife Shloka Mehta Ambani on Wednesday welcomed their second child on Wednesday, a baby girl. The couple had their first child Prithvi in December 2020. Dhanraj Nathwani, a friend… read-more
TAGS: akash ambani, shloka ambani, Indian Businessman, Baby Child, Ambanis
The gross domestic product, which is a representation of any country, revealed the world's growth has been hit by recession and geopolitical tensions, economists had predicted a 5% GDP growth for India. The Reserve Bank of India pegged it at 5.1… read-more
TAGS: FY23, Indian GDP, Growth, Quarter Finances, World Recession
