MUMBAI: CLSA, a foreign brokerage with a huge client base of funds investing in India, on Friday reversed its stand of being overweight on China and equal weight on India to ‘overweight India’ following Donald Trump‘s win in the US election. CLSA analysts feel that in Asia, China is expected to be most affected by…
Want to apply for a job at the new Department of Government Efficiency headed by Elon Musk and Vivek Ramaswamy? The process is selective and the pay is nonexistent, but the big-picture payoff could make getting involved worth it. President-elect Donald Trump created the new Department of Government Efficiency earlier this week and placed Musk…
Elon Musk sued OpenAI earlier this year, alleging that the company broke its founding agreement and is working to maximize profits for Microsoft instead of humanity, as a whole. Though Musk withdrew the lawsuit in June, he later revived it in August — and now he’s expanding the complaint to include Microsoft, LinkedIn co-founder and…
Market regulator Sebi has directed Big Entertainment to pay Rs 26 crore fine for failing to settle penalties imposed in a case related to the illegal diversion of funds. Furthermore, the Securities and Exchange Board of India also issued a warning that if Reliance Big Entertainment Pvt Ltd (now Rbep Entertainment Pvt Ltd) fails to…
NEW DELHI: The State Bank of India has sought a loan of $1.25 billion, potentially making it the largest dollar-denominated bank loan from the country’s financial sector in 2024, Bloomberg reported on Friday quoting sources.The loan is being raised for general corporate purposes through its branch at the Gujarat International Finance Tec-City.SBI is yet to…
Scammers are emboldened by AI and the opportunities it presents—for ripping people off who consider themselves tech-savvy. From spoofing caller IDs to creating fake people for video calls, bad actors are using technology to fleece people out of their hard-earned money. Reddit is full of thousands of stories of people getting scammed, and Bravo’s Andy…
Mark Zuckerberg recently hit the studio to set the bar higher for anniversary gifts. In a post on Instagram on Wednesday, the 40-year-old Meta founder and CEO announced a surprise for his 39-year-old wife Priscilla Chan. The song “Get Low” by T-Pain was playing when Zuckerberg and Chan first met at a Harvard party, and…
Tesla shares have surged by about 35% since Donald Trump’s presidential win, bolstered by Trump’s ties to Tesla CEO Elon Musk. Since the election, Tesla has added close to $250 billion to its value, pushing its market cap to over $1 trillion for the first time since 2022. Tesla is now worth more than Toyota,…
MUMBAI: Some listed Indian companies make royalty payments, mostly to promoters, at the cost of shareholders, a study by markets regulator Sebi showed. The study found that one out of four companies paid royalty at more than 20% of their net profit while some paid royalty, but didn’t pay dividend to shareholders.There were also instances…
NEW DELHI: The Central Consumer Protection Authority (CCPA) has ordered a detailed investigation into complaints related to “deficiency” in Ola Electric’s service and products after it found that several consumer complaints remained unresolved despite the company claiming to have addressed 99% of the grievances.CCPA is also looking into consumer complaints against other EV firms, sources…
