NEWS
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Berkshire Hathaway acquires $588.7 million worth of Occidental Petroleum shares
14 Dec 2023
Berkshire Hathaway, one of the world’s largest holding companies, acquired nearly 10.5 million shares of Occidental Petroleum.
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Tesla recalls 2 million U.S. vehicles due to Autopilot safety concerns
14 Dec 2023
In response to safety concerns raised by a federal safety regulator, Elon Musk’s Tesla is recalling more than 2 million vehicles in the United States.
Epic Games wins antitrust case against Google’s Play app store
14 Dec 2023
The verdict by a Federal court in California comes as further proof of Google’s monopolistic use of its Android platform
Consumer price inflation at 3-month high of 5.55% in November
14 Dec 2023
Consumer price inflation in India, based on the Consumer Price Index (CPI), rose to 5.55 per cent in November 2023 from 4.87 per cent in October as food prices stood higher, preliminary data released by the National Statistics Office (NSO) showed.
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Oil marketing companies to set up 7,432 EV charging stations
14 Dec 2023
The ministry of heavy industries has sanctioned Rs800 crore as capital subsidy to the three public sector oil marketing companies (OMCs) for setting up 7,432 electric vehicle charging stations under Phase II of the FAME scheme.
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ITC consumer goods revenues up 14% in FY23
14 Dec 2023
Home-grown consumer goods major ITC Ltd reported a 14 per cent increase in revenues from its packaged consumer goods business in the financial year 2022-23, with income from the cigarettes business also growing.
SpiceJet plans to raise Rs2,250-cr through private placement
14 Dec 2023
The board of directors of SpiceJet has approved a proposal to raise around Rs2,250 crore, through the issuance of equity shares/equity warrants under a private placement basis to various investors.
COP28 finally agrees on deal to phase out fossil fuels
14 Dec 2023
While several governments pledged to triple renewable energy capacity by 2030, the world is far away from achieving the original Paris Agreement goal of reducing greenhouse gas emissions by 43 per cent and thereby limiting global warming to 1.5 degree C by 2030
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Proposed changes in China spark concerns among venture capital and private equity funds
13 Dec 2023
In a move that has stirred controversy within China’s financial circles, the country’s securities regulators recently unveiled draft rules proposing a substantial increase in the investment threshold for private equity (PE) and venture capital (VC) funds.
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Pfizer is set to acquire Seagen for $43 billion and create a new oncology division
13 Dec 2023
In a significant move, Pfizer has announced its anticipation of concluding the $43 billion deal to acquire cancer drug maker Seagen by 16 December 2023.
Tesla unveils Optimus Gen 2: A leap forward in robotics
13 Dec 2023
The Optimus Gen 2 maintains a similar outline to its predecessor but introduces significant improvements, particularly in its limbs, providing a more lifelike range of motion.
Centre halves wheat stock limits for traders, processors
12 Dec 2023
The centre on Friday announced fresh stock limits on wheat held by traders – both wholesale and retail – as also retail networks and processors
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