Business News

Drug firm Pfizer on Wednesday said its Managing Director S Sridhar has resigned from the company.

Elon Musk offloaded $6.9 billion of stock in Tesla Inc., the billionaires biggest sale on record, saying he wanted to avoid a last-minute selloff of the electric-car makers shares in the event he is forced to go ahead with his aborted deal to buy Twitter Inc.

The share price of telecom firm Bharti Airtel rose on Wednesday after the company announced an impressive 466 per cent year-on-year surge in its net profit for the first quarter of the current financial year.

Malaika, no matter how busy she is, always manages to take some time out for Casper

The rupee gained early on Wednesday as the dollar steadied ahead of a key US inflation report, which would give an indication of the Federal Reserve's monetary policy path.

Retail inflation likely eased in July due to a fall in food and fuel prices yet stayed well above the Reserve Bank of India's upper tolerance limit for a seventh consecutive month, a Reuters poll showed.

Stock Market India: Equity benchmarks fell early on Wednesday, tracking a broader weakness in global stocks

Facebook-parent Meta Platforms Inc said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business.

Oil prices edged lower on Wednesday, after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.

Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lackluster demand for new listings force companies to raise funds at a substantial discount to their sky-high valuations.

Gaming software company AppLovin Corp on Tuesday made an offer to buy peer Unity Software Inc in a $17.54 billion all-stock deal, looking to tap into growing demand for three-dimensional gaming.

Telecom operator Bharti Airtel will start rolling out 5G services this month and cover all towns and key rural areas of the country by March 2024, a senior company official said on Tuesday.

The government has asked airlines to share all international passengers' details, including contact and payment information, with customs authorities 24 hours prior to the departure of flights.

All four public sector insurers incurred losses of Rs 26,364 crore in the health insurance portfolio for the last five years due to higher claims in group policies, a CAG report said.

The equated monthly installments (EMIs) and borrowing costs on loans will get costlier as major Indian banks have raised their lending rates or will do so soon.

Drug firm Pfizer on Wednesday said its Managing Director S Sridhar has resigned from the company.

Elon Musk offloaded $6.9 billion of stock in Tesla Inc., the billionaires biggest sale on record, saying he wanted to avoid a last-minute selloff of the electric-car makers shares in the event he is forced to go ahead with his aborted deal to buy Twitter Inc.

The share price of telecom firm Bharti Airtel rose on Wednesday after the company announced an impressive 466 per cent year-on-year surge in its net profit for the first quarter of the current financial year.

Malaika, no matter how busy she is, always manages to take some time out for Casper

The rupee gained early on Wednesday as the dollar steadied ahead of a key US inflation report, which would give an indication of the Federal Reserve's monetary policy path.

Retail inflation likely eased in July due to a fall in food and fuel prices yet stayed well above the Reserve Bank of India's upper tolerance limit for a seventh consecutive month, a Reuters poll showed.

Stock Market India: Equity benchmarks fell early on Wednesday, tracking a broader weakness in global stocks

Facebook-parent Meta Platforms Inc said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business.

Oil prices edged lower on Wednesday, after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.

Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lackluster demand for new listings force companies to raise funds at a substantial discount to their sky-high valuations.

Gaming software company AppLovin Corp on Tuesday made an offer to buy peer Unity Software Inc in a $17.54 billion all-stock deal, looking to tap into growing demand for three-dimensional gaming.

Telecom operator Bharti Airtel will start rolling out 5G services this month and cover all towns and key rural areas of the country by March 2024, a senior company official said on Tuesday.

The government has asked airlines to share all international passengers' details, including contact and payment information, with customs authorities 24 hours prior to the departure of flights.

All four public sector insurers incurred losses of Rs 26,364 crore in the health insurance portfolio for the last five years due to higher claims in group policies, a CAG report said.

The equated monthly installments (EMIs) and borrowing costs on loans will get costlier as major Indian banks have raised their lending rates or will do so soon.