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Elon Musk took illegal drugs with some Tesla board members: Reports

The relationship between Musk and his directors was slammed by a Delaware judge this week, who cited the board's conflicts of interest in her ruling that Musk's $55 billion pay package was excessive.

India will withdraw its troops from island nation by May 10: Maldives

India will replace its military personnel operating the three aviation platforms by the date, with the first phase of the withdrawal concluding by March 10

BMW eyes India's emerging electric car mkt with focus on affluent consumers

BMW, which introduced battery-powered vehicles in India last year, currently sells five electrified models, the most among all carmakers

US President Biden delivers reprisal to Iran with room for de-escalation

The biggest question from Friday night's airstrikes was what the next step would be. On a call with reporters, a spokesman said there would be more in coming days

Zuckerberg's wealth surges by $28 bn as Meta rallies, surpasses Bill Gates'

It's a big comeback for Zuckerberg's wealth, which fell below $35 billion in late 2022 as tech stocks collapsed in the face of inflation and interest rate hikes, only to come soaring back in 2023

US retaliates for fatal drone attack, hits Iranian militias in Iraq, Syria

"Our response began today," Biden said in a statement. "It will continue at times and places of our choosing."

Apple's China slump deepens even as total iPhone sales grow again

Sales in China dropped 13 per cent to $20.8 billion in the fiscal first quarter, which ended December 30, the company said on Thursday. That fell far short of the $23.5 billion predicted by analysts

RBI likely to consider canceling Paytm Payments Bank permit: Report

No final decision has been reached as yet and the RBI's thinking may change based on Paytm's representation, the people said

Foreigners turn cautious on India stocks as selling crosses $3 bn

Indian stocks have benefited from global funds' waning appetite for China

In 2 days, Paytm erases $2 bn in market value as RBI action spooks market

Paytm is now down about 77 per cent from its initial public offering in 2021

A 5,800% renewables stock surge has some Indian investors worried

The biggest stock winners in India's renewable sector are now all facing the challenge from minuscule earnings, which has sent valuations through the roof

Harvard University faces new threat of state tax on $51 billion endowment

Harvard, the oldest and richest college in the US, has long been a target for its immense wealth

India equity-focused investment trusts in Japan grow 11% in January

In contrast, flows into Chinese shares dropped the most among 14 emerging markets that are covered by Japan's data on international investment positions

Meta, Amazon job cuts in 2023, belt-tightening pay off for investors

The question now becomes whether leaner, more focused versions of Meta and Amazon can continue to strive for the bold and ambitious tech advancements that have made them household names

Govt to spend less on farmer fertiliser subsidy as world prices soften

India's budget deficit is projected to be 5.8% of gross domestic product in 2023-24. The government aims to curb the deficit to 5.1% in the next financial year

Bonds in India rally as interim Budget surprises with lower borrowings

Bonds also got a boost from a reduction in the government's fiscal deficit target to 5.1 per cent of gross domestic product versus an estimate of 5.3 per cent in the survey

India's fintech pioneer Paytm Payments Bank has lost more than its bank

On the face of it, it's not a very big deal. A payments bank in India is basically a utility, which can accept deposits up to Rs 2,00,000 ($2,400) and is not allowed to make loans

Bain Capital plans to invest $7 bn in India, boost hiring in next 3-5 yrs

The Boston-based firm also plans to increase its team of 25 private equity and special situations investment professionals by 15 per cent to 20 per cent over the next two or three years

India's big yr for bonds starts with best Jan since 2019 on foreign inflows

The outlook for Indian debt has brightened amid hopes of foreign inflows of as much as $40 billion due to the index inclusion

Microsoft, Google woo India programmers to win AI leadership in the country

Microsoft Chief Executive Officer Satya Nadella will address developers and technologists on "discovering new opportunities with AI" during a visit next week in Bangalore