Elon Musk’s fortune slumped by $16.1 billion Thursday after Tesla Inc.’s weak third-quarter earnings weighed on shares. Musk, who is the richest person on the planet with a fortune of $209.6 billion, owns 13% of Tesla and derives the majority of his wealth from the auto company. Tesla’s shares fell by 9.3% after it missed...
Domestic equity benchmarks Nifty 50 and Sensex ended lower on Wednesday, October 18, amid broad-based selling. Globally, sentiments were dented after the Middle East conflict intensified, and the U.S. rate worried investors. Many public sector undertaking (PSU) stocks also declined after Zee Business’ report on the Farzi Bull Run. Zee Business carried out an operation...
Multiplex operator PVR Inox has launched a new offering called movie passport to drive up business for smaller films in theatres. This comes just ahead of the company’s September quarter results, scheduled to be released on October 19. While star-led movies or films made on a large scale have seen higher traction versus pre-Covid levels, small and...
Oil prices fell on Monday, partly reversing Friday’s rally as investors wait to see if the Israel-Hamas conflict draws in other countries, which could drive up prices and deal a fresh blow to the global economy. Brent futures LCOc1 slid 34 cents, or 0.4%, to $90.55 per barrel and US West Texas Intermediate (WTI) crude...
Global markets, including India, on Monday came under pressure in a global risk-off move following the eruption of a growing conflict between Israel and the Palestinian Islamist group Hamas. The BSE Sensex fell by 0.73 per cent, or 483 points, to 65,512.39 and the NSE Nifty index fell 141 points to 19,512.35 in the sell-off....
Brent jumped 4.7 percent to $86.65 and West Texas Intermediate was up 4.5 percent at $88.39 in early Asian business. The surprise attack and Israel’s declaration of war in response to it have left more than 1,000 dead and raised concerns that a potential broadening of the conflict could draw in the United States and...
Tata Group-owned Air India has shared the first look of its new A350 planes after a paintjob to match its new livery. The airline had rebranded itself earlier this year with a new red-aubergine-gold look and a new logo ‘The Vista’. The latest A350 images were clicked at a workshop in France’s Toulouse. The freshly painted planes...
The Cricket World Cup may boost host country India’s economy by as much as ₹ 22,000 crore ($2.6 billion), economists at Bank of Baroda estimate. The quadrennial tournament, which starts on Thursday and runs through mid-November, is expected to draw large numbers of visiting fans domestically and internationally. With the matches played across 10 cities, that will...
Apple attributed the overheating reports regarding iPhone 15s to various factors, including specific app issues like Instagram and Uber, background processing after data transfer, and unspecified bugs within iOS 17, during the weekend. Today, the company has rolled out a new software update, iOS 17.0.3, with patch notes that address the problem of iPhones running...
The World Bank on Tuesday maintained its forecast for India’s economic growth for the current fiscal year that started on April 1, saying the Indian economy continued to grow rapidly despite challenging external conditions. The World Bank maintained its growth forecast for India at 6.3%, after it lowered it during its April review.