Titan stock gains on optimism around eyewear industry after Lenskart-ADIA deal
As for the stock, Titan has seen a decline of 9.3% in the last one year of trade, along with an erosion of 4.4% year-to-date (from January 1).
Morgan Stanley wealth management wing turns to GPT-4 to help financial advisors
The artificial intelligence tool has been trialed with 300 advisors and will be extensively implemented in the forthcoming months, said Jeff McMillan, Morgan Stanley's wealth management division's head of analytics
Tata-Lockheed JV to produce fighter jet wings in India
The wings will be used in the F-16 Block 70 fighter jets that Lockheed Martin is supplying to the Indian Air Force.
India rings up Apple: Tech giant accelerates job growth through manufacturing expansion
Retail will contribute fewer jobs, and the majority will be focused on the manufacturing side.
Byju's seeking $250 million in pre-IPO funding for Aakash
Aakash Educational Services will issue the notes that will convert into equity at a discount of 20% to the listing price of the unit’s planned initial public offering
Airtel rolls out 5G in 125 more cities, widens coverage to 265 urban locations
Airtel said that its 5G services run on a technology that has the "widest acceptance in the world with the most developed ecosystem."
EPF rate to remain at around 8%: Report
The interest rate is anticipated to remain close to 8 percent as the EPFO calculates its earnings
Anil Agarwal defends Vedanta Resources' plan to sell its global zinc assets
Anil Agarwal also expressed confidence in the company's ability to make bond payments, citing its strong internal accruals.
Mastek appoints Vijay Iyer as President of Americas to drive regional growth
Prior to joining Mastek, Vijay was an executive at Persistent Systems working as Senior Vice President of their digital transformation consulting and large deals.
Reliance, Tata Power in race for $2.4-billion solar module incentive
Adani Group, one of India's largest solar panel manufacturers, did not participate in the bidding process
Adani-Hindenburg case: SC sets up probe panel, ex-judge AM Sapre, Nandan Nilekani, KV Kamath among members
Adani-Hindenburg case: One of the members of the committee, Somashekar Sundaresan, was recommended by the collegium to be appointed as a Bombay HC judge but the government objected to his appointment
Amazon employees urge CEO Andy Jassy to revert return-to-office mandate
Beginning May 1, Jassy announced Amazon would require corporate staffers to spend at least three days a week at the office. He said he and Amazon's leadership team, called the S-team, decided in-person work would make it easier for employees to collaborate and invent together, the report added.
Lumax Auto Technologies signs pact to acquire majority stake in IAC International Automotive India
As part of this deal, 75 percent of the stake will be bought through SPV (acquisition vehicle) at Rs 440 crore, which will be paid in cash funded by debt and internal accruals, and IAC will continue to hold 25 percent stake in it, the company said in a release.
Vodafone Idea in discussions with lenders to refinance Rs 3,000-4,000 crore loans
The refinancing will help Vodafone Idea pay dues to tower companies like Indus Towers and network makers such as Ericsson and Nokia, the report said.
America’s post-pandemic corporate profit boom really is over
Meta Platforms Inc., Apple, Amazon.com Inc., Microsoft Corp, and Alphabet missed consensus earnings estimates by 8 percent
TCS secures $700-million deal from UK insurer, largest this fiscal
London-based Phoenix Group Holdings Plc has agreed to a contract worth more than £600 million ($723 million) to digitally transform its product offering
Nykaa gains as Jefferies maintains 'buy' call despite target price cut
The brokerage firm has reduced its target price to Rs 200 from Rs 275, still implying a potential upside of 41% from current levels.
Loan exposure to Adani Group manageable for SBI, assures CreditSights
The report noted that most of the bank’s exposure to the group is secured by completed and cash-generating assets
Twitter to share ad revenue with some content creators
Twitter has seen advertisers flee amid worries about Musk’s approach to content moderation rules, impacting its revenue.
US federal judge denies FTC request to stop Meta from acquiring virtual reality content maker
The ruling had been issued in a sealed form earlier this week.
'Black Swan' author Taleb has a piece of advice for Gautam Adani
Taleb's suggestion comes as stocks of the Adani group companies continue to be hammered in the aftermath of accusations made by American short-seller Hindenburg Research
Lenders move against NCLT's verdict to stay Reliance Capital auction
The lenders have argued that the interim stay ordered by National Company Law Tribunal (NCLT) is not permitted under law.
EaseMyTrip acquires majority stake in hotel booking marketplace cheQin
In a statement to stock exchanges, EaseMyTrip said that the unique bargaining algorithm of cheQin brings in the top 5 lowest offers by hoteliers.
Vedanta's Cairn Oil and Gas appoints Nick Walker as new CEO
In a statement to exchanges, the company said the appointment is effective January 5.
