Apple Inc’s market capitalization on Friday breached the $3 trillion mark for the first time since January last year, as investors bet on the iPhone maker’s ability to grow revenue even as it explores new markets such as virtual reality. Shares of Apple, which is also the world’s most valuable- listed company, were up 1.3%...
Geneva: Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse — more than half its workforce — as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday. Credit Suisse had a staff of around 45,000 before it nearly collapsed on investor fears...
Both gold and silver prices have recorded a hike on the MultiCommodity Exchange (MCX) on Monday, June 26.Gold futures, maturing on August 4, 2023, stood at Rs 58,481 per 10 grams on the MCX, afterrecording a marginal hike of Rs 174 or 0.30 percent.Similarly, silver futures, maturing on July 5, 2023, also witnessed a jump...
Delhi power tariff hike: Delhi Electricity Regulatory Commission (DERC) has approved the demand of BSES Yamuna and BSES Rajdhani following which the Power Purchase Adjustment Cost (PPAC) has been increased in the national capital. Apart from North Delhi where TDPL supplies electricity in the name of PPAC, the power tariff will become costlier for the rest...
In a major relief for cash-strapped GoFirst, the airline’s lenders have approved an interim funding of around Rs 400 crore, Moneycontrol reported on Sunday. Last month, GoFirst filed for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT). The beleaguered airline cancelled its flights and was looking for funding to start its domestic operations....
General Electric said on Thursday it has signed a memorandum of understanding with India’s state-owned Hindustan Aeronautics Ltd to make fighter jet engines for the Indian Air Force. The development comes at a time when Indian Prime Minister Narendra Modi is on an official state visit to the United States. The memorandum of understanding includes...
The 30-share BSE Sensex pack jumped 467 points or 0.74 per cent to close at 63,385; while the broader NSE Nifty index moved 138 points or 0.74 per cent up to settle at 18,826. Mid and smallcap shares finished on a positive note, with the Nifty Midcap 100 up 0.68 per cent and Nifty Smallcap...
India is expected to witness an exodus of millionaires and may lose 6,500 high-net-worth individuals (HNWIs) in 2023, according to the Henley Private Wealth Migration Report 2023, which tracks wealth and investment migration trends worldwide. China has been ranked first in terms of the outflow of millionaires from the country this year. It is predicted...
The goal to achieve $100 billion non-oil trade was set in the first meeting of the Joint Committee of India-UAE Comprehensive Economic Partnership Agreement (CEPA) India and the UAE on Monday set a target to increase the non-oil trade from USD 48 billion to USD 100 billion by 2030. The goal to achieve USD 100...
he Reserve Bank of India (RBI) has lowered India’s inflation projection for 2023-24 to 5.1 per cent against its April estimate of 5.2 per cent.On a quarterly basis, retail inflation (or Consumer Price Index) in Q1 is seen at 4.6 per cent, Q2 at 5.2 per cent, Q3 at 5.4 per cent, and Q4 at...