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Markets open with volatility, lose to halt 3-day gain in morning trade

Updated on Nov 25, 2022 01:31 PM IST

Among the broad-based indices, BSE SmallCap dropped 74 points to 62,197.70 with ITDC, Religare, Finolex Industries amongst the gainers on the index.

Experts said Indian rupee is expected to remain under pressure in 2023, moving between 84 to even hit as low as 85 mark against the US dollar.(REUTERS)
By, New Delhi

Elon Musk announces ‘amnesty’ for banned Twitter accounts from next week

The new boss of Twitter, Elon Musk, conducted an informal poll on the micro-blogging site, to which, over 3.15 million respondents voted in favour of granting the “general amnesty”.

Twitter's new owner Elon Musk. (AP Photo/Susan Walsh, File)
Updated on Nov 25, 2022 07:14 AM IST
By, New Delhi

Rishi Sunak, wife Akshata Murty figure on UK's 'Asian Rich List 2022'

The Hinduja family tops the list for the eighth time in a row, with an estimated worth of 30.5 billion pounds, up three billion pounds from the previous year.

Britain's Chancellor of the Exchequer Rishi Sunak (R) poses with his wife Akshata Murty.(AFP)
Published on Nov 24, 2022 11:10 PM IST

Musk's ultimatum leaves Brussels office empty amid compliance concern

The Brussels office was a key hub for Twitter to engage with a deluge of European regulation, much of which has only recently come into force.

European regulators and officials have been quick to demand Twitter keeps up with its regulatory demands.(AP file)
Published on Nov 24, 2022 11:09 PM IST
Bloomberg | | Posted by Nisha Anand

India, Gulf Council agree to resume negotiations on free trade agreement: Goyal

GCC countries contribute almost 35 per cent of India's oil imports and 70 per cent of its gas imports. India's overall crude oil imports from the GCC in 2021-22 were about USD 48 billion, while LNG and LPG imports in 2021-22 stood at about USD 21 billion.

Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal addressing a press conference.(ANI file)
Updated on Nov 24, 2022 11:03 PM IST
PTI | | Posted by Nisha Anand

Sensex rises by 762 points to end day at 62,273; Nifty closes at 18,484

From the Sensex pack, HCL Technologies, Infosys, Wipro, Power Grid, Tech Mahindra, Tata Consultancy Services, Hindustan Unilever, HDFC, HDFC Bank and Mahindra & Mahindra were among the major winners.

A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(REUTERS)
Updated on Nov 24, 2022 04:15 PM IST
PTI |

The new Apple TV 4K bolts serious gaming to evolving video streaming prowess

Apple has distinguished the Apple TV devices based on connectivity, storage, and smart home capabilities. The expanded video streaming support and gaming remain consistent

For representational purposes only.
Updated on Nov 24, 2022 02:50 PM IST

Why does Bisleri want it to be sold to Tata Group? Its chairman explains

The 82-year-old pioneer of the Indian packaged water business, Ramesh Chauhan started the company in 1969. Bisleri competes with Coca-Cola Co’s Kinley and PepsiCo Inc’s Aquafina in the packaged water segment.

Ramesh Chauhan launched Bisleri in 1969.(Ramesh Chauhan / Twitter)
Published on Nov 24, 2022 02:20 PM IST
By | Written by Singh Rahul Sunilkumar | Edited by Aryan Prakash

Paytm’s 75% slump is world’s worst for large IPOs in a decade: Report

One 97 Communications Ltd., the operator of India’s largest digital-payments provider known as Paytm, has capped the worst first-year share plunge among large IPOs over the past decade -- and the pain is worsening.

Paytm shares crashed more than 27 per cent on the listing day on November 18.(Reuters Photo)
Published on Nov 24, 2022 01:37 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

Packaged water brand Bisleri in talks for sale to Tata Group: Report

Bisleri competes with Coca-Cola Co's Kinley and PepsiCo Inc's Aquafina. In anticipation of the takeover, shares of Tata Consumer rose as much as 3.2% in early trade to hit 794.75 rupees, their highest since Oct. 6.

Ramesh Chauhan launched Bisleri in 1969(Bisleri / Twitter)
Published on Nov 24, 2022 11:48 AM IST
Reuters | | Posted by Singh Rahul Sunilkumar

"Technical error": Foxconn on protest over payment due at Covid-hit China plant

"Our team has been looking into the matter and discovered a technical error occurred during the onboarding process," Foxconn said in a statement, referring to the hiring of new workers at the world's biggest iPhone plant in Zhengzhou, China.

Security personnel in protective clothing were seen taking away a person during protest at the factory compound operated by Foxconn Technology Group who runs the world's biggest Apple iPhone factory in Zhengzhou in central China's Henan province.(AP)
Published on Nov 24, 2022 09:51 AM IST
Reuters | | Posted by Singh Rahul Sunilkumar

Foxconn offers staff 1 lakh to leave after iPhone factory violence

The protest started at Foxconn Technology Group's plant overnight over unpaid wages and fears of spreading infection. Several workers were injured and anti-riot police arrived on the scene to restore order.

Protesters face off against security personnel in white protective clothing at the factory compound operated by Foxconn Technology Group who runs the world's biggest Apple iPhone factory in Zhengzhou in central China's Henan province. (AP)
Published on Nov 24, 2022 09:35 AM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

Market opening bell: Sensex opens above 61,600, Nifty at 18,296

Market opening bell: Sensex opens above 61,600, Nifty at 18,296

People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI File Photo)
Published on Nov 24, 2022 09:27 AM IST

Warren Buffett donates $758 million in Berkshire shares

In 2010, he started the Giving Pledge, with his friends Bill Gates and Melinda French Gates, saying he would donate 99% of his fortune, either in his lifetime or at his death.

Buffett, 92, is the world’s sixth-richest person with a $110.4 billion net worth.(AP)
Published on Nov 24, 2022 06:25 AM IST
Bloomberg | | Posted by Yagya Sharma

Set rules for fixing tariff, SC tells state electricity regulatory panels

Ruling that the National Tariff Policy (NTP) is not binding on the electricity regulatory commissions, the Supreme Court on Wednesday held that tariff determination falls within the exclusive domain of the state regulatory commissions, and directed them to frame pertinent regulations for determination of power tariff within a period of three months

The Supreme Court has held that tariff determination falls within the exclusive domain of the state regulatory commissions, and directed them to frame pertinent regulations for determination of power tariff within a period of three months. (Shrikant Singh)
Published on Nov 24, 2022 03:10 AM IST

Tax collection to exceed Budget estimate by nearly 4 lakh crore: Revenue Secy

In an interview to PTI, he said the growth in tax revenues will continue to be higher than the GDP growth, helped by formalisation of the economy and better compliance.

The Budget had pegged direct and indirect tax mop up at <span class='webrupee'>₹</span>14.20 lakh crore and <span class='webrupee'>₹</span>13.30 lakh crore for current fiscal, taking the total figure to <span class='webrupee'>₹</span>27.50 lakh crore.(HT File)
Published on Nov 23, 2022 08:20 PM IST
PTI |

How Indians can better manage their finances in the US? 5 Tips

As the cost of living in India and United States differs across several parameters, Indians living there share tips on how to manage expenses.

A man holds the flags of India and the US flag in New York.(REUTERS)
Updated on Nov 23, 2022 05:21 PM IST
By | Written by Singh Rahul Sunilkumar | Edited by Aryan Prakash

Markets end in green with Sensex closing at 61,510; Nifty settles at 18,267

From the Sensex pack, State Bank of India, Bajaj Finance, Dr Reddy's, Kotak Mahindra Bank, Sun Pharma, Maruti, NTPC, Axis Bank and ICICI Bank were among the major winners.

People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI File Photo)
Updated on Nov 23, 2022 05:08 PM IST
PTI |

Gautam Adani's mega port in Kerala sparks fishing community's protests: Report

For Gautam Adani, the world's third-richest person according to Forbes, it's a high-stakes impasse with no apparent easy solution. Adani Group said in a statement Vizhinjam port project is in full compliance with all laws.

Gautam Adani (HT_PRINT)
Published on Nov 23, 2022 03:23 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar

“Defend our rights”: Workers protest at China’s largest iPhone factory

A livestream video showed dozens of workers at night confronting a row of police officers and a police vehicle with flashing lights, shouting: "Defend our rights! Defend our rights!"

Foxconn logo outside the company's building in Taipei.(REUTERS)
Published on Nov 23, 2022 11:17 AM IST
AFP | | Posted by Singh Rahul Sunilkumar

HP to cut about 6,000 jobs by end of fiscal 2025: Report

Hewlett-Packard (HP) employs nearly 50,000 people, said it expects to reduce headcount between 4,000 and 6,000. It also forecast a lower-than-expected profit for the first quarter

HP estimates it will incur about $1.0 billion in labour and non-labour costs related to restructuring and other charges(AFP)
Published on Nov 23, 2022 11:17 AM IST
Reuters | | Posted by Singh Rahul Sunilkumar

The very complex puzzle of OTT streaming

JioCinema promised free streaming of the FIFA World Cup in 4K resolution, but the Viacom18-owned over-the-top (OTT) service has since struggled to deliver an interruption-free streaming experience

Viacom18 has exclusive broadcast rights for the FIFA World Cup 2022, in India. (AFP image)
Updated on Nov 25, 2022 10:29 AM IST

Elon Musk trolls critics: ‘Wasn’t Twitter supposed to die by now?’

Twitter Inc is also facing class action suits claiming that it failed to give contract workers advance notice before they were laid off and discriminated against disabled workers by barring them from working remotely after Musk took over.

Elon Musk acquired Twitter in October following a lengthy legal battle.(REUTERS)
Published on Nov 23, 2022 09:47 AM IST

Market opening bell: Sensex rises to 61,592, Nifty in green at 18,298

Market opening bell: Sensex rises to 61,592, Nifty in green at 18,298

People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI File Photo)
Published on Nov 23, 2022 09:21 AM IST

Trade pact a step closer as Australia parliament gives nod to India deal

The India-Australia Economic Cooperation and Trade Agreement (ECTA) was signed on April 2. Less than two months later, the ruling Liberal Party of Australia was replaced by the Labour Party in the national election.

Australian Prime Minister Anthony Albanese with PM Narendra Modi in Bali during the recently concluded G20 Summit earlier this month. (Twitter)
Updated on Nov 23, 2022 12:28 PM IST
ByRajeev Jayaswal, , Hindustan Times, New Delhi

Indian economy will grow 13-fold to USD 40 trillion by 2047: Mukesh Ambani

Ambani's estimate for the Indian economy, currently the fifth largest in the world behind only the US, China, Japan and Germany, is more optimistic than Asia's richest man Gautam Adani, who last week stated that India will become a USD 30 trillion economy by 2050 on back of rising consumption and socio-economic reforms.

Mukesh Ambani.(MINT_PRINT)
Published on Nov 22, 2022 08:05 PM IST
PTI | , Gandhinagar

Ind-Aus trade deal will benefit IT, textile industries: Piyush Goyal | 5 points

Tha Australian parliament has cleared bills to establish an interim trade deal with India which is expected to benefit several sector including IT, textiles, pharmaceutical, among others.

Commerce minister Piyush Goyal (HT Photo)
Updated on Nov 22, 2022 05:42 PM IST
By | Edited by Chandrashekar Srinivasan

Markets bounce back after 3 days of fall

From the Sensex pack, IndusInd Bank, NTPC, UltraTech Cement, Titan, Infosys, Tech Mahindra, Tata Consultancy Services and Larsen & Toubro were among the winners.

The 30-share BSE Sensex climbed 274.12 points or 0.45 per cent to settle at 61,418.96. During the day, it jumped 321.79 points or 0.52 per cent to 61,466.63.(Bloomberg)
Updated on Nov 22, 2022 05:01 PM IST
PTI | , New Delhi

Bankman-Fried's FTX, parents bought Bahamas property worth $121 mn: Report

The most expensive purchase was a $30 million penthouse at the Albany, a resort where Tiger Woods hosts a golf tournament every year. FTX Property Holdings Ltd, an FTX unit, bought 15 properties worth nearly $100 million in 2021 and 2022.

Collapsed cryptocurrency exchange FTX.(AFP)
Published on Nov 22, 2022 11:47 AM IST
Reuters | | Posted by Singh Rahul Sunilkumar

Crypto lender Genesis denies immediate plans to file for bankruptcy

"We have no plans to file bankruptcy imminently. Our goal is to resolve the current situation consensually without the need for any bankruptcy filing," a Genesis spokesperson said

The Genesis website on a laptop computer.(Bloomberg)
Published on Nov 22, 2022 10:47 AM IST
Reuters | | Posted by Singh Rahul Sunilkumar
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