SpaceX to layoff 10% workforce

Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on January 11. The company said it will “part ways” with some of its manpower, citing “extraordinarily difficult challenges ahead.” “To continue delivering for our customers...
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Welspun Enterprises rises 3% on signing concession agreement with PWD

Share price of Welspun Enterprises rose 3.6 percent intraday Friday after company’s subsidiary entered into concession agreement with Public Works Department, Government of Maharashtra. Public Works Department, Government of Maharashtra and Welspun Road Infra, a wholly owned subsidiary of company executed the concession agreement for upgradation of roads/ two laning...
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Stocks open lower, retail shares slump

U.S. stocks opened lower as several major retailers reported disappointing results coming out of the holiday season and weak producer and consumer price data from China reaffirmed weakened growth amid an ongoing trade war. The S&P 500 (^GSPC) fell 0.63%, or 16.17 points, as of 9:34 a.m. ET....
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Kotak Mahindra General Insurance, Repco Home Finance ink pact

Chennai: Private sector Kotak Mahindra General Insurance Wednesday said it has signed an agreement with Repco Home Finance to deliver its insurance products. As per the agreement, Repco Home Finance will represent Kotak General Insurance as a ‘corporate agent’ and would retail the latter’s general and health insurance products...
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