Page 604 - Bloomberg/reuters

LIC IPO: Govt raises Rs 20,560 crore as firm sets issue price at Rs 949

Life Insurance Corporation of India shares have been priced at 949 rupees each, the state-run firm said in a prospectus filed Friday

SoftBank CEO pays price for tech bets with $20 billion loss at Vision Fund

The Vision Fund swung to a loss of 2.64 trillion yen ($20.5 billion) for the year ended Mar. 31, compared with a 4.03 trillion yen profit in the previous year

Inflation: Your soap or cookies may not be getting pricier but lighter

Companies have moved toward lighter loads in their cheapest packages amid rising costs of edible oils, grains and fuel

Elon Musk's delay in disclosing Twitter stake triggers SEC probe

The Wall Street Journal reported on Wednesday that the SEC is investigating Musk's submission of a form that investors must file when they accumulate more than 5 per cent of a company

Ukraine crisis: Russia cuts gas supplies to unit seized by Germany

Moscow prohibited dealings with Gazprom Germania and its various subsidiaries now under the control of Germany's energy regulator

Saudi Aramco becomes world's most valuable stock as Apple shares drop

Aramco traded near its highest level on record on Wednesday, with a market capitalisation of about $2.43 trillion

Byju's in talks with lenders for $1 billion to fund acquisition plans

The Bangalore-based market leader is in talks with banks, including Morgan Stanley and JPMorgan Chase & Co., for the funding to acquire another edtech company, people familiar with the matter said

Over $200 billion wiped off cryptocurrency market in a day: CoinMarketCap

Bitcoin plunged by as much as 10 per cent in the last day to its lowest level since December 2020, while Ethereum dropped as much as 16 per cent

Grocery delivery firm Instacart marches to IPO despite stock market turmoil

The company has confidentially filed documents with the Securities and Exchange Commission to start the process for a stock market listing

Twitter to freeze hiring, rescind some offers and make cost-cutting efforts

The news comes as billionaire Elon Musk is working to close a $44 billion deal to acquire Twitter

Terra developers halt new transactions on stablecoin blockchain

The value of Luna fell close to zero on Thursday, while UST remained around 36 cents

China: Wuhan's first Covid-19 patients still suffering after two years

The study, led by doctors at the China-Japan Friendship Hospital in Beijing, comes as China doubles down on its stringent Covid Zero strategy while much of the world lifts restrictions

Crypto billionaires' vast fortunes destroyed in weeks amid global sell-off

Billionaire crypto fortunes that swelled over the last two years are disappearing after a selloff that began with tech stocks spilled over into digital money

From India to France and the US, wheat harvest faces the weather test

Droughts, flooding and heatwaves threaten output from the US to France and India, compounding shrinking production in Ukraine

From India to Indonesia, Elon Musk scouts for sites to make more Teslas

To meet ambitious electric vehicle targets, Indonesia has drawn in several battery and car manufacturers in recent months with a variety of incentives

Where is Sri Lanka headed next after Gotabaya Rajapaksa refuses to resign

Gotabaya Rajapaksa is refusing to step down, and the opposition has declined his offers of a unity government without constitutional change that would reduce the powers of the presidency.

Indian companies should hit sustainability targets abroad, not just at home

Activist investors on the lookout for "greenwashing" have to be careful of the unintended consequences of their choices

Birla's Hindalco Industries plans $2.5 billion US aluminium recycling mill

The new facility will increase Novelis's, unit of Hindalco, recycling capacity to 90 billion cans globally, from 74 billion currently

Amazon, Disney, and now Google also interested in IPL broadcast rights

Google's interest in the global media rights of India's top cricket league intensifies the fight for a sports event that has emerged as the world's third-largest

Environment approvals for coal mine expansions eased to tackle fuel crisis

Coal supplies at power plants are shrinking amid a grueling heat wave that's pushed electricity demand to a record in recent weeks