Page 300 - Bloomberg/workspace/business Standard Web/undefined

State-owned cos seen extending rally on PM Modi's expected re-election

Modi's government is spending billions of dollars on everything from roads and railways to defense, renewing interest in a sector that has for long been a straggler of India's $4 trillion stock market

Hospital and pharmacy chain Aster to fuel India expansion through buyouts

Aster plans to add an additional 1,500 beds to the current 4,800 capacity in the world's most populous country over the next three years and "look at companies that are not listed

Minuscule AI startup raises $41 million to tap growth in Indian market

Sarvam AI is building large language models targeted at unique uses in Indian languages, aimed at making apps available at price points that the country's 1.4 billion people can afford

India considers curbing ethanol production to tackle sugar shortages

Authorities are studying a proposal to restrict the use of sugar-cane juice to produce biofuel for the current season, according to people familiar with the matter

Apple executive who invented iPhone screen, touch ID likely to leave

Hotelling's work included some of Apple's most complex and critical technologies for the iPhone, iPad and Apple Watch, as well as the upcoming Vision Pro headset

SpaceX's Starlink clears military tests in Arctic, paving way for contracts

The previously undisclosed testing found that StarLink to be a "reliable and high-performance communications system in the Arctic

China effectively tackling air pollution while India continues to choke

China has made strides in scrubbing the once-foul air that had become a fact of life each year in major cities like Beijing and industrial towns across the country

Apple Inc readies new iPads and M3 MacBook Air to combat sales slump

The Mac and iPad account for 15% of Apple's revenue combined, and they've been particularly hard hit by a decline in consumer tech spending

Meta bets on new AI features across social media apps to boost appeal

Meta's core social platforms are advertising behemoths, but users on Facebook and Instagram have largely plateaued at 2 billion and 3 billion people per month, respectively

Amazon targets Shein with sharp fee cuts for cheap apparel sellers

It's rare for Amazon to reduce the so-called referral fees it charges merchants on its online store, and no other changes of that nature were announced

Elon Musk's xAI startup seeks to raise $1 billion from equity investors

Musk has already raised nearly $135 million, according to a document filed Tuesday with the Securities and Exchange Commission, which doesn't include the names of investors

Hedge fund trader Sanjay Shah extradited to Denmark a year after arrest

Shah was taken into custody by police on his arrival in Copenhagen on Wednesday, and will be taken to court for a bail hearing on Thursday morning, Danish police said in a statement

Adani Group's $79 billion rally makes a winner of GQG's Rajiv Jain

Jain acquired Adani shares weeks after a brutal shortseller report had battered the ports-to-power conglomerate and wiped out more $150 billion in market value

India's green hydrogen aid receives cautious response from investors

India's flagship plan aims to produce 5 million tons annually of green hydrogen, seen as key to decarbonize hard-to-abate industries such as oil refining, fertilizers, steel and shipping

Gautam Adani's next milestone is plan for $1.25 billion of green arm debt

We are coming close to timelines where we would like to see a concrete and definitive plan" Abhishek Dangra, a Singapore-based infrastructure analyst at S&P Global said

President Biden's reelection campaign expects to raise $15 mn in five days

On Friday, he plans to travel to Los Angeles, where Hollywood luminaries including the directors Steven Spielberg and Rob Reiner and producer Shonda Rhimes will be among the hosts at a gala fundraiser

Israel rebuffs mounting pressures to halt Gaza war as forces move south

"Hamas is trying to tear us down and instead we are taking them apart," Netanyahu said, adding that Israeli forces had killed half of Hamas's battalion commanders

India's stock market value tops $4 trillion, narrowing gap with Hong Kong

The market capitalisation of companies listed on India's exchanges has risen by $1 trillion in less than three years, as the South Asian market emerges as one of the best performers

Chinese experts push back at Moody's for cutting sovereign bond outlook

"The rating agency's understanding of how the Chinese economy works and how the Chinese government functions is not deep enough and does not reflect the reality," Feng added

Credit Suisse reinstates independent overseer for Nazi-account probe

The bank confirmed the decision Tuesday, taking the unusual step of amending a press release it issued in April to delete criticism of Barofsky's work.