Business
Europe at risk of recession due to rising oil and gas prices
London, July 4 Europe faces a rising risk of recession because of rising oil and gas prices amid concerns that Russia could turn off supplies completely, economists have said, as per media reports. Europe's economy will be hit by a variety of factors including falling demand in the US its ...Tesla EV deliveries fall 18% due to China lockdowns, supply woes (Ld)
San Francisco, July 3 Elon Musk-run Tesla has been hit by about 18 per cent drop in EV deliveries in the second quarter (Q2) this year amid supply chain woes and China lockdowns. Tesla delivered 2,54,695 electric vehicles globally in the April-June period, 18 per cent decrease from Q1. This ...After terrible first half, 2022 may bring more bad news for US markets
New York, July 2 US markets are beginning to fear that they are not even halfway through the bad news the year 2022 has in store, media reports said. The first six months were full of surprises: Inflation, the biggest selloff in bonds in four decades, a plunge in tech ...Top crypto hedge fund Three Arrows Capital files for bankruptcy
San Francisco, July 2 Top crypto hedge fund Three Arrows Capital (3AC) has filed for bankruptcy in the US, days after its liquidation began in the British Virgin Islands, the media reported on Saturday. The liquidation, and now Chapter 15 bankruptcy in New York, comes as popular crypto tokens such ...Reliance Brands ties up with global fresh food chain Pret A Manger
Chennai, June 30 Reliance Brands Ltd (RBL) on Thursday announced a strategic partnership with global fresh food and organic coffee chain Pret A Manger to launch and build the brand in India. With this long-term master franchise partnership, RBL will open the food chain across the country starting with major ...Mukesh Ambani steps down from Reliance Jio, son Akash named Chairman
Chennai, June 28 Mukesh Ambani has resigned as a Director in Reliance Jio Infocomm Limited with the company's Board on Tuesday approving his elder son Akash Ambani's appointment as the Chairman. In regulatory filing, Reliance Jio, the telecom arm of the Reliance group, said the Board of Directors at its ...Elon Musk crosses 100 mn followers on Twitter
San Francisco, June 28 As the tech billionaire Elon Musk celebrates his 51st birthday, his Twitter account has now crossed the mark of 100 million followers, which makes him one of only six people in the world to cross this milestone on the microblogging site.Musk, touted to be the most ...Largest technology startup incubator all set for opening in Hyderabad
Hyderabad, June 26 The second phase of T-Hub is all set for inauguration in Hyderabad on June 28. Spread over 370,000 square feet and designed to house more than 1,500 startups, this will be the world's largest technology startup incubator. Telangana Chief Minister K. Chandrasekhar Rao will inaugurate the facility, ...Investor group acquires SaaS firm Zendesk for $10.2 bn
San Francisco, June 25 Software-as-a-service (SaaS) platform Zendesk has been acquired by a group led by global investment firms Permira and Hellman & Friedman in a $10.2 billion all-cash deal. Under the terms of this agreement, Zendesk shareholders will receive $77.50 per share. The offer represents a premium of approximately ...Intel delays $20 bn semiconductor factory over US Chips Act
San Francisco, June 24 Intel has reportedly delayed plans to build its $20 billion semiconductor factory in the US over CHIPS Act, a $52 billion funding package for domestic chip manufacturing. The chip-maker told ZDNet that it's not going ahead with the groundbreaking of Ohio facility as of now due ...
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