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Global brokerage firms bullish on Ambuja Cements’ stock after Penna acquisition
Business

Global brokerage firms bullish on Ambuja Cements’ stock after Penna acquisition

Mumbai, June 14: Leading global brokerage firms have gone bullish on the Adani Group’s Ambuja Cements after it announced to acquire Hyderabad-based Penna Cement for Rs 10,442 crore. Jefferies has a 'buy' rating on the Ambuja Cements shares, giving it a target price of Rs 735 per share.The stock of...
Tesla stockholders approve Musk’s $56 billion pay package
Business

Tesla stockholders approve Musk’s $56 billion pay package

San Francisco, June 14: Tesla stockholders have overwhelmingly approved the $56 billion pay package (now valued at $44.9 billion) for the company’s CEO Elon Musk, along with reincorporating the electric vehicle company in the US state of Texas, moving it from Delaware. The Tesla board won approval...
Sensex jumps 349 points as HCL Tech and Tata Motors top gainers
Business

Sensex jumps 349 points as HCL Tech and Tata Motors top gainers

Mumbai, June 12: Indian equity indices opened in green on Wednesday amid broad-based buying. At 9:40 a.m., Sensex was at 76,806, up 349 points or 0.46 per cent, and Nifty was up 109 points or 0.47 per cent, at 23,374.There is a positive trend in the market. The Nifty Midcap 100 index is up 307...
India to remain fastest-growing economy, to log 6.7 pc GDP growth in next 3 years: World Bank
Business

India to remain fastest-growing economy, to log 6.7 pc GDP growth in next 3...

New Delhi, June 12: Driven by strong domestic demand, surge in investment and robust services activity, India will remain the fastest growing economy in the world, clocking a steady growth of 6.7 per cent for the next three fiscal years, the World Bank has said. In the 'Global Economic Prospects'...
Govt to ensure ease of living for all citizens: FM Sitharaman
Business

Govt to ensure ease of living for all citizens: FM Sitharaman

New Delhi, June 12: Finance Minister Nirmala Sitharaman on Wednesday said the government is fully committed to ensuring ‘ease of living’ for its citizens and will continue to take further steps in this regard, as she took charge of the ministry under Modi 3.0.She was greeted at the office in North...
Starlink is now present in 100 countries, says Elon Musk
Business

Starlink is now present in 100 countries, says Elon Musk

New Delhi, June 12: Starlink, the satellite internet service, is now present in 100 countries, said SpaceX CEO Elon Musk on Wednesday. “Starlink is now available in 100 countries!” Musk shared this in a post on X. Sierra Leone in Africa is the 100th country to join the list. It is the 10th African...
SBI to raise $3 billion through long-term debt
Business

SBI to raise $3 billion through long-term debt

Mumbai, June 12: State Bank of India (SBI) plans to raise up to $3 billion through long-term debt in the current financial year (2024-25), according to a stock exchange filing by the country’s largest bank.The proposal has been approved by the board of directors and SBI intends to secure the funds...
RBI rejects reappointment of Rajkumar Bansal as Edelweiss ARC’s CEO
Business

RBI rejects reappointment of Rajkumar Bansal as Edelweiss ARC’s CEO

New Delhi, June 11: The Reserve Bank of India (RBI) has rejected the reappointment of Rajkumar Bansal as Edelweiss Asset Reconstruction Co’s (ARC) Managing Director and Chief Executive Officer. The company announced this development via a statement to the stock exchanges and did not furnish any...
Musk threatens to ban iPhones at his companies over ChatGPT integration
Business

Musk threatens to ban iPhones at his companies over ChatGPT integration

San Francisco, June 11: Tesla and SpaceX CEO Elon Musk on Tuesday threatened to ban iPhones from all his companies over the integration of ChatGPT into iPhones and other Apple devices. Apple on Monday announced that in iOS 18, users will be able to ask Siri questions and OpenAI’s ChatGPT will...
EV startup Battery Smart raises $65 million led by LeapFrog Investments
Business

EV startup Battery Smart raises $65 million led by LeapFrog Investments

New Delhi, June 11: Electric vehicle (EV) startup Battery Smart on Tuesday said it has secured $65 million in a Series B funding round led by LeapFrog Investments. The startup said it will use the capital to scale its dense battery swapping network across the country and drive more electric mobility...
Centre releases Rs 1.39 lakh crore as tax devolution to states to boost development
Business

Centre releases Rs 1.39 lakh crore as tax devolution to states to boost...

New Delhi, June 11: In a bid to enable state governments to accelerate development and capital spending, the BJP-led NDA government released one additional instalment of devolution of taxes, cumulatively amounting to Rs 1,39,750 crore this month. The Interim Budget 2024-25 had a provision of Rs...
India offers strongest employment outlook in Asia Pacific in Q3: Report
Business

India offers strongest employment outlook in Asia Pacific in Q3: Report

New Delhi, June 11: India has offered the strongest employment outlook in Asia Pacific (APAC) at over 30 per cent in the third quarter (Q3) of 2024, a new report showed on Tuesday. According to the global workforce solutions company ManpowerGroup, the strongest hiring intentions continue in North...
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