Twitter sued Elon Musk last night for violating his $44 billion deal to purchase the social network and asked a Delaware court to force the world’s richest man to complete the takeover. The social media group alleged that Musk had caused “irreparable harm” by breaching their deal, which it has vowed to enforce. He moved […]
Abu Dhabi sovereign wealth fund Mubadala Investment Co. is in talks to purchase New York-based asset manager Fortress Investment Group from Japanese conglomerate SoftBank Group Corp., according to people with knowledge of the matter. Kamaron Leach reports on Bloomberg Television.
BSE Sensex and NSE Nifty 50 were ruling nearly half a per cent down on Tuesday, dragged by losses in HDFC Bank, Infosys, ICICI Bank, Housing Development Finance Corporation (HDFC), and HUL, among others. In late morning deals, BSE Sensex hit day’s low of 54,054, while NSE Nifty 50 fell to 16,103.35. So far in […]
The country’s exports are likely to register a “reasonable level” of growth in the current financial year despite the global uncertainties on the trade front, Commerce and Industry Minister Piyush Goyal has said. Clearly, there are signs of a global slowdown in international trade and India is keeping a “watchful” eye on the developments by […]
Hong Kong’s new health chief says travelers may be allowed to quarantine at home but only if a health code system is in place to manage their movement. Rachel Chang reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: […]
A Delhi court on Tuesday posted for July 14 hearing on a bail plea filed by Alt News co-founder Mohammed Zubair in a case related to an “objectionable tweet” he had posted in 2018 against a Hindu deity. Additional Sessions Judge Devender Kumar Jangala adjourned the hearing for Thursday after the prosecution sought time for […]
The product development life cycle is going through a sea of change. Gone are the days when OEMs would be able to launch just a couple of products in a year and still attain growth. India is now the world’s fourth-largest automotive market and the customers today want the best of all worlds but at […]
The government on Tuesday will release the key data on June retail inflation which will be factored by the Reserve Bank in its next bi-monthly monetary policy to be announced in early August.The retail inflation has remained above 6 per cent since January this year forcing the central bank to go for two back-to-back hikes […]
DUBAI, United Arab Emirates (AP) — Mere years ago, fuel was cheaper than bottled water in the oil-rich United Arab Emirates. Now, long lines snake outside gas stations on the eve of price hikes each month. Read More
A. Realized positive net earnings of $4.3 million in 2021 ($0.05 per share – basic) compared to a net loss of $11.7 million in 2020 (-$0.18 per share – basic) Read More