Toyota Kirloskar Motor Vice Chairperson Vikram S Kirloskar has died due to a heart attack, the automaker said on Wednesday.He was 64.Kirloskar suffered a cardiac arrest on Tuesday morning and was immediately rushed to a private hospital, where he passed away, the company said. “We are extremely saddened to inform the untimely demise of Mr. […]
Elon Musk, in his first address to Twitter Inc. employees since purchasing the company for $44 billion, said that bankruptcy was a possibility if it doesn’t start generating more cash, according to people familiar with the matter. The warning came amid a tumultuous start to Musk’s reign at the social media company — a two-week […]
Reliance Industries chairman Mukesh Ambani on Saturday said Jio will launch 5G telephony services across India by December 2023. “I make a promise to deliver 5G to every town, every taluka by December 2023,” Ambani said at the 6th India Mobile Congress at Pragati Maidan in New Delhi. Prime Minister Narendra Modi launched the 6th […]
Indian business tycoon Gautam Adani, the chairman of the Adani Group, has overtaken France’s Bernard Arnault, the chief of Louis Vuitton, to become the world’s third richest individual, according to the Bloomberg Billionaires Index. With a total net worth of USD 137.4 billion, 60-year-old Adani has surpassed the wealth of Louis Vuitton chairman Arnault and […]
Elon Musk announced that he would abandon his tumultuous $44 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts.Twitter immediately fired back, saying it would sue the Tesla CEO to uphold the deal. The likely unravelling of the acquisition was just the latest twist in […]
India’s GDP grew at 8.7 pc in 2021-22 as against contraction of 6.6 pc in previous fiscal, as per government data released on Tuesday.The GDP growth was 4.1 pc in January-March 2021-22. India’s GDP growth fell to 4.1% in the fourth quarter of the last fiscal year, its slowest pace in a year. The economic […]
India’s insurance behemoth – the Life Insurance Corporation or LIC – has made a muted market debut after a record-breaking IPO last week. The insurance giant listed at 8.11 per cent discount at ₹872 per share on the National Stock Exchange over the issue price of ₹949. Last week, by selling about 3.5 per cent […]
In continuation of his announcement from a day ago that the Twitter acquisition deal was being put on hold temporarily, world’s richest person Elon Musk announced on Saturday his team will do ‘random sampling’ of 100 followers of Twitter’s account on the social media giant’s own platform. “To find out, my team will do a […]
Elon Musk put his $44 billion deal for Twitter Inc “temporarily on hold” on Friday while he awaits data on the proportion of its fake accounts, sending the shares in the social media platform plunging.Twitter shares fell 17.7% to $37.10 in premarket trading, their lowest level since Musk disclosed his stake in the company in […]
Indian rupee tumbled to a new low, while bonds and stocks retreated amid growing worries that accelerating inflation may force the central bank to tighten rates more aggressively. The rupee dropped as much as 0.5% to 77.6313 per dollar on Thursday, hitting a record low for the second time this week. The benchmark Sensex Index […]