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Business
Elon Musk sends another notice to Twitter to kill $44 bn deal
10 Sept 2022 11:22 AM IST
San Francisco, Sep 10: Tesla CEO Elon Musk has shot off a third notice to Parag Agrawal-led Twitter, aimed at terminating the $44 billion takeover deal. In the latest letter submitted with the US Securities and Exchange Commission, Musk's legal team cited Twitter's multi-million dollar severance...
Business
India bans export of broken rice
9 Sept 2022 3:36 PM IST
New Delhi, Sept 9: After imposing 20 per cent export duty on non-basmati rice, the government has banned the export of broken rice with an aim to increase domestic availability, according to a government notification. "Export Policy of broken rice ...Is amended from 'Free' to 'Prohibited'," the...
Business
Online sales during festive month to reach USD 11.8 bn: Report
8 Sept 2022 11:47 AM IST
Mumbai, Sep 8: E-commerce firms are expected to log a 28 per cent year-on-year growth in sales at USD 11.8-billion during the festive month this year, a report said on Thursday. The festive month is generally defined as a period starting from the first sales event and lasting roughly till the...
Business
Flipkart forays into hospitality sector, opens hotel bookings
6 Sept 2022 3:14 PM IST
New Delhi, Sep 6: Homegrown e-commerce marketplace Flipkart on Tuesday announced that it has forayed into the hospitality sector with the launch of a new hotel-booking feature -- Flipkart Hotels -- on its platform to bolster its offerings in the travel sector. The platform said Flipkart Hotels...
Business
Cyrus Mistry's funeral on Tuesday morning in Mumbai
5 Sept 2022 1:33 PM IST
Mumbai, Sept 5: The funeral of Cyrus P. Mistry, a scion of the Shapoorji Pallonji Group and former Chairman of Tata Group, shall be held here on Tuesday morning, his family said here. The last rites of Mistry, 54, who was killed in a road accident in Palghar on Sunday afternoon, shall be...
Business
Former Tata Sons head Cyrus Mistry dies in car crash near Mumbai
4 Sept 2022 4:45 PM IST
Mumbai, Sep 4: Former Tata Sons chairman Cyrus Mistry was on Sunday killed in a road accident after his car hit a divider in Maharashtra's Palghar district neighbouring Mumbai, a police official said. Mistry was travelling from Ahmedabad to Mumbai in a Mercedes car, he said. "The...
Business
Chinese loan apps case: ED raids Razorpay, Paytm, Cashfree
3 Sept 2022 2:46 PM IST
New Delhi, Sep 3: The Enforcement Directorate Saturday said it is conducting raids at Bengaluru premises of online payment gateways like Razorpay, Paytm and Cashfree as part of an ongoing probe against "illegal" instant smartphone-based loans "controlled" by Chinese persons. The searches were...
Business
UK slips behind India to become world's 6th biggest economy
3 Sept 2022 2:57 PM IST
London, Sep 3: Britain has dropped behind India to become the world's sixth largest economy, according to Bloomberg. India toppled the UK from its position in the final three months of 2021 to become the fifth-biggest economy. The calculation is based in US dollars, and India extended its lead in...
National
Adani Group dismisses NDTV's contention of stake sale needing I-T Dept's nod
2 Sept 2022 11:48 AM IST
New Delhi, Sep 2: Adani Group has rejected NDTV promoter group company RRPR Holding's contention that the Income Tax department has provisionally attached its stake holding in the media company. In a regulatory filing with the Bombay Stock Exchange (BSE) on Wednesday, Adani Group described RRPR...
National
Noted economist Abhijit Sen passes away at 72
30 Aug 2022 11:16 AM IST
New Delhi, Aug 30: Well-known economist and former member of the Planning Commission, Abhijit Sen, passed away late on Monday night following a heart attack. He was 72. Sen taught economics at Jawaharlal Nehru University (JNU) and later held many important posts in his four-decade long career.Apart...
Business
Five prudent tips to manage personal finances
29 Aug 2022 9:23 AM IST
New Delhi, Aug 29: The most coveted kind of independence is financial freedom. However, even those with the highest incomes might become deeply in debt due to a lack of personal money management skills. Financial management is a fantastic strategy to reach your financial objectives and can help you...
Business
10 tips for becoming financially independent
29 Aug 2022 7:01 AM IST
New Delhi, Aug 29: What does it mean to be independent financially? It goes beyond just being able to cover your essential living needs like rent, food, utilities, and medical care. Saving money, protecting it against inflation and wasteful spending, and building up your capital over time are all...
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