Business
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Twitter, Musk confirm plan to close $44 bn deal, shares up 22%
San Francisco: Twitter on Wednesday said it has received a letter from Elon Musk to go ahead with their original deal of $54.20 per share (or $44 billion). Twitter shares went up…
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Rupee trade paves the way to Russia
New Delhi: The efforts of the Indian central bank to promote trade in rupees are bringing results, with state-run UCO Bank receiving necessary RBI approvals to open a special rupee vostro account…
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Report: Elon Musk proposes to proceed with Twitter takeover
New York: Trading in shares of Twitter were halted after the stock spiked on reports that Elon Musk would proceed with his 44 billion deal to buy the company after months of…
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5G launch in India to scale up tech; to help other developing economies: Qualcomm CEO
New Delhi: The launch of 5G services in India will be a “catalytic event” in terms of scaling up the technology and enabling its proliferation in other developing economies across Latin America,…
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Rupee rises 29 paise to close at 81.53 against US dollar
Mumbai: The rupee appreciated by 29 paise to end at 81.53 (provisional) against the US dollar on Tuesday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment.…
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Apple supplier Foxconn logs strong growth, says cautiously optimistic on Q4
New Delhi: Major Apple supplier Foxconn on Tuesday announced its consolidated revenue for the month of September and the third quarter, saying it is “cautiously optimistic” about the outlook for the festive…
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With 950 billionaires, Asia outnumbers all other regions
Tokyo: When it comes to the number of billionaires by region, Asia now has 951 outnumbering all other regions. North America has 777 billionaires and Europe, 536. A region-by-region analysis of assets…
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Sensex, Nifty rebound over 2 pc amid relief rally in global markets
Mumbai: Benchmark indices Sensex and Nifty bounced back on Tuesday to close over 2 per cent higher amid positive trends in global equity markets. The 30-share BSE Sensex spurted 1,276.66 points or…
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Gold jumps Rs 980; silver zooms Rs 3,790
New Delhi: Gold prices in the national capital jumped Rs 980 to Rs 51,718 per 10 grams on Tuesday amid a rally in the prices of precious metal in the international market,…
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Slow recovery of low income households slowed down India’s economic recovery
Chennai: The slow economic recovery of the low income households post Covid-19 pandemic has resulted in the overall economic recovery of the country, said Kotak Securities Ltd. In a research report, Kotak…
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Bajaj Electronics IPO to remain open till October 7
Mumbai: The Initial Public Offering (IPO) of Electronic Mart India Limited (EMIL), (Bajaj Electronics) will remain open till October 7. The price band for a share of EMIL has been fixed at…
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Samsung may unveil affordable Galaxy A54 next year
Seoul: South Korean tech giant Samsung is reportedly working on a new affordable Galaxy A-series smartphone that will likely sport a 50MP primary camera sensor. According to GizmoChina, the device is currently…
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Meta settles lawsuits with 2 firms engaged in scraping its data
San Francisco: Meta (formerly Facebook) has settled a lawsuit for “significant sum” against two companies that were engaged in data scraping operations on its platforms. Israel-based BrandTotal and US-incorporated Unimania, agreed to…
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Rupee falls 49 paise against US dollar
Mumbai: Increasing crude prices and demand for dollars resulted in Indian rupee falling by 49 paise to touch Rs 81.89 against the greenback. The crude prices increased with oil producers indicating lowering…
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CNG price shoots up by Rs 6 to Rs 86/kg; PNG up by Rs 4 to Rs 52.50/SCM
Mumbai: City gas utility Mahanagar Gas has increased the retail price of compressed natural gas (CNG) and piped natural gas (PNG) by Rs 6/kg and by Rs 4/ SCM respectively in and…
