Earlier this week, TikTok and its parent company, China-based ByteDance, asked the U.S. Supreme Court to pause the Jan. 19 deadline imposed by U.S. lawmakers in April that forces ByteDance to sell TikTok or face a ban. TikTok’s CEO Shou Zi Chew was even seen at Mar-a-Lago in Palm Beach, Florida, making his case to…
NEW DELHI: Air India has ordered 34 trainer aircraft — 31 single-engine aircraft from Piper Aircraft in the United States and 3 twin-engine aircraft from Diamond Aircraft in Austria — for its upcoming flying training organization (FTO) at Maharashtra’s Amravati. AI aims to have this FTO ready by mid-2025 and make it the biggest flying…
Trading today will be influenced by the US Federal Reserve’s latest decision. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in opening trade on Thursday after US Federal Reserve’s hawkish commentary. While BSE Sensex went below 80,000, Nifty50 also plunged below 24,000. At 9:17 AM, BSE Sensex was…
(From L to R) ICICI Bank executive director Rakesh Jha, Times Internet vice chairman Satyan Gajwani, ICICI Bank CEO Sandeep Bakhshi, and Visa group country manager Sandeep Ghosh at the credit card’s launch event on Wednesday at the Gateway of India in Mumbai. MUMBAI: Times Internet, the digital arm of The Times of India Group,…
Federal Reserve officials cut the federal funds rate, or the borrowing rate that banks charge each other, by 25 basis points or 0.25% on Wednesday. The central bank’s rate-setting committee, the Federal Open Market Committee (FOMC), announced Wednesday that the target range for the federal funds rate was now 4.25% to 4.5%. Federal Reserve chair…
OpenAI has arranged a private stock sale for its staff with SoftBank Group that allows current and former employees to sell their stock to SoftBank at $210 per share, a source told Fortune on Tuesday. The tender offer, or bid to purchase stock in a company, allows OpenAI employees who were issued stock more than…
NEW DELHI: The Securities and Exchange Board of India (Sebi) on Wednesday announced stricter regulation for small and medium enterprises (SMEs) initial public offerings (IPOs) to address concerns around transparency, governance, and the misuse of funds in the SME segment.The market regulator said that these will strengthen the SME IPO market, improve the quality of…
Individuals seeking high-yield investments can participate before the specified end date. (AI image) Special Bank FD schemes: Punjab and Sind Bank alongside IDBI Bank have introduced special fixed deposits with higher interest rates available until December 31, 2024. Individuals seeking high-yield investments can participate before the specified end date. IDBI Bank special FD IDBI Bank’s…
Zomato’s market cap has seen a remarkable 190% increase to Rs 2,51,900 crore. Zomato CEO Deepinder Goyal is India’s 2nd biggest self-made entrepreneur! Zomato’s valuation has seen a remarkable 190% increase to Rs 2,51,900 crore, positioning its CEO Deepinder Goyal as India’s second-highest valued self-made entrepreneur, according to Hurun India. Swiggy’s leaders Sriharsha Majety and…
Motilal Oswal Financial Services has a ‘buy’ recommendation on Kirloskar Oil Engines with a target price of Rs 1,540 (+39%). Despite near term weakness seen in its key power generation segment, Analysts at MOFSL are positive on Kirloskar Oil Engines based on its strategy to grow share of high kVA rating products over medium to…
