Business
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Markets to remain under pressure in the near term
New Delhi: Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services, said “We expect the market to remain under pressure in the near term given the global concerns. Thus, we suggest…
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Apple to scale up production over 5 times in India to USD 40 bn in 5 years
New Delhi: iPhone maker Apple has plans to scale up production in India by over five-fold to around USD 40 billion (about 3.32 lakh crore) in the next 4-5 years, according to…
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JPMorgan analyst sees oil price surge as high as $150
New Delhi: JPMorgan’s head of EMEA energy equity research, Christyan Malek, warned markets that the recent Brent price surge could continue upwards to $150 per barrel by 2026, according to a new…
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Tech salaries in US decline amid record-breaking inflation, market turbulence
San Francisco: Following a year of record-breaking inflation and market turbulence, local tech salaries in the US, including those for fully in-person or hybrid roles, have experienced their most significant year-over-year decline,…
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Saudi Arabia’s economy joins trillion-dollar club: Report
Riyadh: Saudi Arabia’s gross domestic product (GDP) has exceeded the ceiling of SAR 4.155 trillion (USD 1 trillion) for the first time, with the Kingdom joining the trillion-dollar club and achieving the…
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‘India is the most expensive stock market in the world’
New Delhi: Even after the recent correction, Nifty is trading around 20 times FY 24 earnings, making India the most expensive market in the world, says V K Vijayakumar, Chief Investment Strategist…
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Dorsey’s Bluesky usage surges after Musk says will charge all X users
New Delhi: Jack Dorsey-backed social media network Bluesky saw a surge in new users sign-up after Elon Musk announced he will soon charge all X users a small monthly fee. Musk’s announcement…
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SC asks SpiceJet to pay USD 1 mn monthly to Credit Suisse for 6 months
New Delhi: The Supreme Court on Friday asked private airliner SpiceJet Limited to pay USD 1 million per month for six months to Credit Suisse AG towards repayment of dues. A bench…
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Air Akasa says its plea in court not against DGCA or Civil Aviation Ministry
New Delhi: Air Akasa clarified that its plea in court is not directed against the DGCA or the Ministry of Civil Aviation but seeks an urgent interpretation and clarification of the interim…
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IndiGo & British Airways sign codeshare agreement
New Delhi: IndiGo and international carrier, British Airways have signed a codeshare agreement to further boost connections between India and the UK. Through this partnership – which sees British Airways add its…
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Fox News founder Rupert Murdoch steps down, son Lachlan takes over
New Delhi: Controversial media mogul Rupert Murdoch has resigned as chairman of Fox Corp and News Corp marking the end of an over 70-year career during which he built a business empire…
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Pilot resignations leave Akasa Air in ‘state of crisis’; CEO says airline is well-run with strong finances
New Delhi: Amid headwinds, Akasa Air on Wednesday said it is a well-run airline with strong finances, a day after telling the Delhi High Court that it is in a “state of…
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BSE Sensex falls below 67K mark
New Delhi: BSE Sensex is now down more than 800 points and has fallen below the 67k mark. HDFC Bank is down more than 3 per cent, JSW Steel is down more…
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Oil hits $95 per barrel amid supply worries
London: Oil price is continuing its march towards $100 a barrel for the first time in almost a year, creating new inflationary headaches for central bankers, a media report said. Brent crude,…
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X will soon charge users ‘a small monthly payment’: Musk
New Delhi: Elon Musk is going to charge a “small monthly payment’ from all X users and the social media platform would not be a free place anymore soon. In a live-streamed…
