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'Immigrant To Billionaire': How This Delhi-Born Man Created A Multi-Billion Dollar Business In US
Raj Sardana, founder and CEO of Innova Solutions, achieved a $2 billion fortune by building his business from scratch.
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Opinion | Has Trump Abandoned Ukraine In Favour Of Russia?
As a former businessman, Trump sees things from the perspective of profitable deals. Sanctions have hit Russia, but American companies have also suffered business losses running into billions of dollars as a result.
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4 Adani Group Bonds Rated 'Overweight', JP Morgan Says Liquidity Stable
Adani Group companies' liquidity needs seem stable after tabulating the near-term maturities for offshore debt, said JP Morgan. Adani Green bond issue - which has a decent-size loan of over a billion dollars - will be in focus, it added.
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Lutnick’s Cantor in Talks With Tether About $2 Billion Bitcoin Lending Project
Tether currently uses Cantor’s custody business to hold the billions of dollars of US Treasuries that support the value of its dominant USDT stablecoin. That custody relationship earns Cantor tens of millions of dollars a year, according to people familiar with the matter.
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Samsung Electronics Says It Is Not Interested in Spinning Off Foundry Business
Samsung chairperson Jay Y. Lee has said that the company is not looking to spin off its businesses of contract chip manufacturing and logic chip designing operation. Analysts say the two businesses are incurring billions of dollars of annual losses due to weak demand and have been dragging down Samsung's overall performance.
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Adani Group To Raise $1.5 Billion Through Dollar Bonds
Billionaire Gautam Adani's conglomerate is in talks with global banks to raise at least $1.5 billion through dollar bond sales, a further indicator of the groups rebound from a short seller attack.
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Mars To Acquire Pringles Maker Kellanova For Nearly $36 Billion
M&M's and Snickers maker Mars said Wednesday that it would acquire snack food business Kellanova, marking a multibillion dollar agreement set to result in a new industry giant.
-
Wall Street Snubs China For India In A Historic Markets Shift
A momentous shift is under way in global markets as investors pull billions of dollars from China's sputtering economy, two decades after betting on the country as the world's biggest growth story.
-
Crypto Investors Grow Cautious After Sudden Collapse of Exchanges Last Year
Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth around $34 bi...
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US Announces $400 Million in Funding to Expand Internet Access to Rural Residents, Businesses
The Biden administration has announced that it will provide $401 million (roughly Rs. 3,195 crore) to bring internet access to 31,000 residents in rural areas, along with businesses in 11 states. US Vice President Kamala Harris is set to announce the formation of a coalition of 12 companies and foundations to invest billions of dollars in low-incom...
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Digital Services to Add Several Billion Dollars in Revenue in Coming Years, Airtel Chairman Says
Digital services, in the next few years, will add several billion dollars to the company's revenue while maintaining an asset light approach, Bharti Airtel Chairman Sunil Mittal said ahead of the upcoming 5G spectrum auction in the country. Airtel, Jio, Vodafone Idea and a unit of Adani Enterprises will participate in the upcoming auction of 5G spe...
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IBM Warns of $3.5 Billion Forex Hit as Quarterly Earnings Beat Estimates
IBM announced that it had beat quarterly revenue expectations on Monday. However, the 110-year-old IT firm warned that foreign exchange could cause a revenue hit of 6 percent this year on the back of a strong dollar. Other firms like Microsoft and Salesforce have also tempered expectations thanks to a hawkish Federal Reserve and heightened geopolit...
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Ukraine Crisis: Russians Liquidating Crypto in the UAE as They Seek Safe Havens
Crypto firms in the UAE are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, company executives and financial sources said.
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Air Pollution Costs Indian Businesses 95 Billion Dollars Every Year, Says Study
Air pollution costs Indian businesses $95 billion every year, or 3% of the country's Gross Domestic Product, and cuts annual consumer spending by $22 billion, according to a study released on Thursday.
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The Company IBM's Buying For 34 Billion Dollars
International Business Machines Corp said on Tuesday it has closed its $34 billion acquisition of software company Red Hat Inc as it looks to ramp up its cloud computing business.
-
'Immigrant To Billionaire': How This Delhi-Born Man Created A Multi-Billion Dollar Business In US
Raj Sardana, founder and CEO of Innova Solutions, achieved a $2 billion fortune by building his business from scratch.
-
Opinion | Has Trump Abandoned Ukraine In Favour Of Russia?
As a former businessman, Trump sees things from the perspective of profitable deals. Sanctions have hit Russia, but American companies have also suffered business losses running into billions of dollars as a result.
-
4 Adani Group Bonds Rated 'Overweight', JP Morgan Says Liquidity Stable
Adani Group companies' liquidity needs seem stable after tabulating the near-term maturities for offshore debt, said JP Morgan. Adani Green bond issue - which has a decent-size loan of over a billion dollars - will be in focus, it added.
-
Lutnick’s Cantor in Talks With Tether About $2 Billion Bitcoin Lending Project
Tether currently uses Cantor’s custody business to hold the billions of dollars of US Treasuries that support the value of its dominant USDT stablecoin. That custody relationship earns Cantor tens of millions of dollars a year, according to people familiar with the matter.
-
Samsung Electronics Says It Is Not Interested in Spinning Off Foundry Business
Samsung chairperson Jay Y. Lee has said that the company is not looking to spin off its businesses of contract chip manufacturing and logic chip designing operation. Analysts say the two businesses are incurring billions of dollars of annual losses due to weak demand and have been dragging down Samsung's overall performance.
-
Adani Group To Raise $1.5 Billion Through Dollar Bonds
Billionaire Gautam Adani's conglomerate is in talks with global banks to raise at least $1.5 billion through dollar bond sales, a further indicator of the groups rebound from a short seller attack.
-
Mars To Acquire Pringles Maker Kellanova For Nearly $36 Billion
M&M's and Snickers maker Mars said Wednesday that it would acquire snack food business Kellanova, marking a multibillion dollar agreement set to result in a new industry giant.
-
Wall Street Snubs China For India In A Historic Markets Shift
A momentous shift is under way in global markets as investors pull billions of dollars from China's sputtering economy, two decades after betting on the country as the world's biggest growth story.
-
Crypto Investors Grow Cautious After Sudden Collapse of Exchanges Last Year
Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth around $34 bi...
-
US Announces $400 Million in Funding to Expand Internet Access to Rural Residents, Businesses
The Biden administration has announced that it will provide $401 million (roughly Rs. 3,195 crore) to bring internet access to 31,000 residents in rural areas, along with businesses in 11 states. US Vice President Kamala Harris is set to announce the formation of a coalition of 12 companies and foundations to invest billions of dollars in low-incom...
-
Digital Services to Add Several Billion Dollars in Revenue in Coming Years, Airtel Chairman Says
Digital services, in the next few years, will add several billion dollars to the company's revenue while maintaining an asset light approach, Bharti Airtel Chairman Sunil Mittal said ahead of the upcoming 5G spectrum auction in the country. Airtel, Jio, Vodafone Idea and a unit of Adani Enterprises will participate in the upcoming auction of 5G spe...
-
IBM Warns of $3.5 Billion Forex Hit as Quarterly Earnings Beat Estimates
IBM announced that it had beat quarterly revenue expectations on Monday. However, the 110-year-old IT firm warned that foreign exchange could cause a revenue hit of 6 percent this year on the back of a strong dollar. Other firms like Microsoft and Salesforce have also tempered expectations thanks to a hawkish Federal Reserve and heightened geopolit...
-
Ukraine Crisis: Russians Liquidating Crypto in the UAE as They Seek Safe Havens
Crypto firms in the UAE are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, company executives and financial sources said.
-
Air Pollution Costs Indian Businesses 95 Billion Dollars Every Year, Says Study
Air pollution costs Indian businesses $95 billion every year, or 3% of the country's Gross Domestic Product, and cuts annual consumer spending by $22 billion, according to a study released on Thursday.
-
The Company IBM's Buying For 34 Billion Dollars
International Business Machines Corp said on Tuesday it has closed its $34 billion acquisition of software company Red Hat Inc as it looks to ramp up its cloud computing business.
