San Francisco: Amazon founder Jeff Bezos has sold 24 million shares of the company in recent days worth more than $4 billion. The first sale of 12 million shares was announced in a regulatory filing February 9, followed by another 12 million share sale on...
Mumbai: Equity benchmark indices plummeted in early trade Wednesday and Sensex slumped more than 675 points tracking negative cues in the global market as higher-than-expected inflation numbers in the US hit investor sentiments. The broader 50-share Nifty tumbled 187.85 points or 0.86 per cent to...
Bhubaneswar: The Odisha Electricity Regulatory Commission (OERC) Tuesday issued an order reducing the power tariff for domestic consumers by 10 paise in each slab for the 2024-25 financial year. The existing tariff for domestic consumers is Rs 3 per unit for the first 50 units,...
New Delhi: Railway Minister Ashwini Vaishnaw Tuesday shared a video of the Mumbai-Ahmedabad 'Bullet train' corridor which will cut the travel time on the 508 km route between the two cities to a mere 2 hours. "Stay tuned for #BulletTrain in Modi 3.0!" the minister...
Bhubaneswar: Kalyani Steel Limited has proposed to invest Rs 26,000 crore to set up a titanium metal and aerospace components manufacturing and integrated advanced specialty steel and automotive components manufacturing complex at Gajamara in Odisha's Dhenkanal district, an official said Tuesday. The state Cabinet Monday...
New Delhi: Shares of One97 Communications, which owns the brand Paytm tanked 10 per cent on the exchanges Tuesday after RBI ruled out any review of the central bank's action against Paytm Payments Bank, saying that its decisions are well thought out. This is the...
Mumbai: Benchmark indices Sensex and Nifty rebounded Tuesday on buying in banking, financial services and IT sector stocks. The 30-share BSE Sensex surged 482.70 points or 0.68 per cent to settle at 71,555.19. The gauge moved between the day's high of 71,662.74 and a low...
Chennai: Global aircraft engine manufacturer Pratt & Whitney Tuesday said it has established its new India Digital Capability Centre (IDCC) in Bengaluru. The new centre will accelerate innovation and drive digital and business transformation for Pratt & Whitney worldwide. According to Pratt & Whitney, the...
New Delhi: The National Company Law Tribunal Tuesday extended the deadline for another 60 days to complete the resolution process of grounded airline Go First. A two-member bench of the Delhi-based NCLT admitted the plea filed by the resolution professional (RP) of Go First seeking...
Chennai: The February outlook for the automobile industry leans toward cautious optimism with growth potential, said the Federation of Automobile Dealers Associations (FADA). According to FADA, though last month the industry logged good growth, there are challenges and market complexities as regards the prospects for...
It’s now over two and half years since Russia invaded Ukraine and the war between the two countries is now...
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Voters in Japan have spoken and delivered the loud and clear message to the ruling coalition that they cannot be...
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One of the key indicators of the health of an economy is the size of its middle class. A burgeoning...
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Let us discuss what is called merit. The British middle class is 60 per cent of the population. The working...
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