RBI cutting rates not a solution to weak economy, says Geosphere Capital’s Arvind Sanger

An interest rate cut by the Reserve Bank of India in its June monetary policy committee (MPC) meeting is not a solution to the weak economy, said Arvind Sanger, managing partner, Geosphere Capital Management. “Focusing on the RBI and cutting rates and focusing on oil prices and going down are helpful factors but they do … Read more

Microsoft Confirms Layoffs, Said to Be Cutting 3,000 Jobs, Mostly From Non-US Sales Staff

Microsoft said Thursday it was cutting an unspecified number of jobs amid reports the US tech giant was reorganizing its global sales operations. “Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will be eliminated,” Microsoft said in an email response to an AFP inquiry. … Read more