Billionaire Mukesh Ambani’s youngest son Anant Ambani and Radhika Merchant are set to tie the knot this weekend at the Jio World Convention Centre in Mumbai. The wedding festivities will begin on July 12 and conclude on July 14. The star-studded ceremony will begin on July 12 with the wedding or Shubh Vivah. On July...
Executive Chairman and co-founder Jeff Bezos has sold another $863.5M in stock, the company disclosed on Tuesday. The sale, disclosed in an 8-K filing, comes just days after Bezos disclosed that he had sold nearly $5B worth of Amazon. The sales are part of a February disclosure by the company noting that Bezos had adopted a plan that would let him...
India and Russia are looking to raise bilateral trade to $100 billion by 2030, balance the lopsided trade, eliminate non-tariff trade barriers, and explore the possibility of a Eurasian Economic Union (EAEU)-India Free Trade Area. A joint statement issued after multiple rounds of talks between Prime Minister Narendra Modi and Russian President Vladimir Putin on...
Policy guidelines on the Centre’s “Scheme to Promote Manufacturing of Electric Passenger Cars in India” (SPMEPCI), which include provisions for reduced customs duties on imported cars if there is a concomitant investment commitment in India, are expected to come by September, according to officials. According to government officials working on the scheme, the portal for...
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge to resolve a U.S. Justice Department investigation linked to two 737 MAX fatal crashes, a government official said on July 7. The plea, which requires a federal judge’s approval, would brand the planemaker a convicted felon. Boeing will also pay a criminal fine...
Elon Musk has seen the biggest fall in his net worth in the first six months of 2024 as compared to any other billionaire in the world. According to Forbes’ estimates, Tesla CEO Elon Musk’s net worth declined from $251.3 billion on December 31, 2023, to $221.4 billion on June 28, 2024. This is more...
Bajaj Auto has introduced the Freedom 125, marking the debut of the world’s first motorcycle to run on Compressed Natural Gas (CNG). This 125 cc commuter bike operates on both petrol and CNG, aiming to significantly lower operational costs for riders in its category. Priced between ₹95,000 and ₹1.10 lakh (ex-showroom), bookings for the Freedom 125 have...
The Lebanese Hezbollah group said it launched over 200 rockets on July 4 at several military bases in Israel in retaliation for a strike that killed one of its senior commanders. The attack by the Iran-backed militant group was one of the largest in the monthslong conflict along the Lebanon-Israel border, with tensions escalating in...
The key equity indices traded in a narrow range with minor gains in early afternoon trade. The Nifty traded near the 24,350 mark. Realty shares extended gains for the third day in a row. Trading was volatile due to weekly F&O series expiry today. At 12:30 IST, the barometer index, the S&P BSE Sensex was...
The Pragyan rover from India’s Chandrayaan-3 moon mission has made significant discoveries on the lunar surface near its landing site. As reported by NDTV, the Vikram lander deployed the rover, which observed small rock fragments scattered around the rim, wall slopes, and floor of small craters in the southern high-latitude landing area. Over the course...