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ICICI hiring 30 investment bankers on expectations of record fundraising

Positions range from associate to executive vice president level, with most of the senior hires coming from rival banks, Saraf told Bloomberg News in a recent interview in Mumbai.

China wants its massive EV fleet to plug in and charge the power grid

China plans to lean further into vehicle-to-grid tech.

China's invasion of Taiwan to cost around $10 trn, nearly 10% of global GDP

China's rising economic and military heft, Taiwan's burgeoning sense of national identity, and fractious relations between Beijing and Washington mean the conditions for a crisis are in place

Moderna sales beat estimates at $6.7 bn last year on rising vaccine share

The company said Monday it still expects revenue to fall sharply this year to about $4 billion. It forecasts a return to sales growth in 2025 and to break even the following year

iPhone lands in functioning condition after 16,000 ft fall from Alaska Air

A new-generation Apple Inc. iPhone landed intact, unlocked and with hours of battery life remaining on a Portland, Oregon roadside, according to a post on X by a user calling himself Seanathan Bates

Boeing CEO's 2024 comeback plan takes another blow with Alaska Air episode

The latest, most serious, mishap occurred on the evening of Jan. 5, when a door-shaped panel ripped out as an Alaska Airlines 737 Max 9 climbed out of Portland, Oregon

India's exports may plunge $30 bn owing to disturbance in Red Sea

Yemen's Iran-backed Houthi militants have targeted vessels transiting through the Red Sea with missiles. The Houthis say they are going after any vessels that have a connection with Isreal

Indian stocks to get first ETF in Gulf region as UAE deepens ties

There were an estimated 3.5 million Indian expatriates in the United Arab Emirates as of 2021, comprising about 30% of the Gulf country's population

Zee-Sony merger may be called off, termination notice to be filed by Jan 20

Discussions are still ongoing between the two sides and a resolution can still emerge before the deadline

Foxconn arm in India set to lose country head Foulger as it eyes expansion

Bharat FIH has postponed plans to list on Indian stock exchanges, and has yet to make significant headway on its ambition to start manufacturing electric two-wheelers

Central banks worldwide to ease monetary policy in coming year: Report

After racing ahead with the most aggressive tightening campaign in decades during 2022, 2023, central banks around the world poised to begin easing monetary policy as inflation continues to retreat

Blackstone's first private equity fund for rich individuals gets $1.3 bn

The cash pile, disclosed in a filing Monday, underscores the intensifying race among alternative investment firms to court private wealth as key sources of institutional money dry up

Mukesh Ambani owns type of Boeing involved in Alaska Air accident

Reliance Industries added the Boeing 737-9 Max to its corporate fleet last year, according to media reports at the time

iPhone sales slump in China, volumes to decline further, says Jefferies

The iPhone maker's latest generation got off to an atypically sluggish start in China last year, which most recently expanded to a 30 per cent year-on-year decline

Can Brics, a frenemies grouping, challenge the West's sanctions regime?

The "Brics bank," which is currently led by former Brazilian president Dilma Roussef, has a mandate to lend to infrastructure projects that the rest of the multilateral architecture ignores

Boeing 737 Max 9 grounding goes global as carriers follow FAA order

The cascading grounding marks the most severe response since Boeing's entire fleet of Max aircraft was parked in 2019 after two deadly crashes

Fed pivot will dominate year of rate cuts in turn of global cycle

'Central banks are looking forward to a victory lap as inflation tracks back to target with only a modest blow to growth'

LSD, cocaine: Elon Musk's drug use concerns Tesla and SpaceX execs

Musk has used LSD, cocaine, ecstasy and psychedelic mushrooms, often at private parties, the Journal said, citing unnamed witnesses and others with knowledge of the matter

Bond sales hit record pace as emerging markets see year of risks ahead

The rush this early in the year underscores a belief that interest rates are as low as they can get for some time to come

Israel ministry to give go-ahead for Elon Musk-owned Starlink this week

Sales will initially be restricted to official bodies, and Starlink agreed not to grant access to humanitarian organizations in the Gaza Strip without the approval of Israel's defense establishment