eBay will lay off 500 employees

E-commerce firm eBay Inc said on Tuesday it would lay off 500 employees globally, which is 4% of its total workforce. Shares of the San Jose, California-based company rose about 1% in aftermarket trade. “This change gives us additional space to invest and create new roles in high-potential areas – new technologies, customer innovations and […]

Foreign equity funds pile into Indian financials as credit cycle picks up

Foreign investors are buying Indian financial firms, attracted by prospects of a fresh credit cycle, which could boost shares of the country’s largest lender. Indian shares are trading at a record-high valuation premium to their Asian counterparts, BNP Paribas said, but foreign investors have found a bright spot in the financials, finding their strong fundamentals […]