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Ex-Twitter board member sues Elon Musk’s X for $20 million
Business

Ex-Twitter board member sues Elon Musk’s X for $20 million

New York, Aug 10: Billionaire Elon Musk-run X social media platform has been sued by a former Twitter board member for $20 million. Omid Kordestani, former Twitter (now called X) executive chairman, has sued the social media platform, claiming that Musk refused to cash out more than $20 million...
Unbelievably saddened: Sundar Pichai on demise of ex-YouTube CEO Susan Wojcicki
Business

Unbelievably saddened: Sundar Pichai on demise of ex-YouTube CEO Susan Wojcicki

New Delhi, Aug 10: Susan Wojcicki, once a key figure in Google's history, passed away after a two-year battle with cancer, Alphabet and Google CEO Sundar Pichai informed on Saturday. Wojcicki played a foundational role in shaping Youtube’s trajectory. “Unbelievably saddened by the loss of my dear...
India expected to clock 7.2 pc GDP growth in 2024-25: Report
Business

India expected to clock 7.2 pc GDP growth in 2024-25: Report

New Delhi, Aug 6: India's economy is expected to clock a 7 to 7.2 per cent growth rate in 2024-25 supported by a rebounding rural economy, strong manufacturing growth, robust bank balance sheets, and increased exports, according to financial advisory firm Deloitte.The August update of Deloitte's...
Australia
Business

Australia's Central Bank keeps interest rate at 4.35 per cent due to high...

Sydney, Aug 6: The Reserve Bank of Australia (RBA) left the cash rate target on hold at 4.35 percent on Tuesday as inflation is still some way above the midpoint of the 2-3 per cent target range. The RBA board said in a statement that it decided to leave the cash rate target unchanged at 4.35 per...
ADB grants $21 million to boost renewable energy in Tajikistan
Business

ADB grants $21 million to boost renewable energy in Tajikistan

Manila, Aug 6: The Asian Development Bank (ADB) Tuesday said it has approved a grant of $21 million as additional financing to expand the supply of renewable energy in Tajikistan by further modernising a hydropower plant.The additional financing will replace the power generation unit 4 at the...
Raj govt earns Rs 2,797 crore in mining revenue in April-July
Business

Raj govt earns Rs 2,797 crore in mining revenue in April-July

Jaipur, Aug 6: The Rajasthan government's Mines department has collected a revenue of Rs 2,797 crore with 29 per cent growth in the first four months of the financial year 2024-25 as compared to the same period of the last financial year. The growth rate of revenue collection in July was 69 per cent...
Mexican President ascribes global market jitters to dismal US unemployment
Business

Mexican President ascribes global market jitters to dismal US unemployment

Mexico City, Aug 6: Mexican President Andres Manuel Lopez Obrador blamed the drop in global markets on investor nervousness caused by the release of dismal employment figures in the United States."At the end of last week, like on Thursday, a situation of instability began, fundamentally attributed...
Global markets tumble 10 pc amid US recession fears
Business

Global markets tumble 10 pc amid US recession fears

Mumbai, Aug 5: Global markets were in the deep red on Monday as the US economic slowdown weighed heavily on the financial markets. Heavy selling pressure was seen in all major Asian markets. Japan crashed by 10 per cent, Seoul tumbled over 8 per cent, Taipei fell by 4.43 per cent, Jakarta was down...
South Korean stock markets sink over 5 pc on US slowdown fears
Business

South Korean stock markets sink over 5 pc on US slowdown fears

Seoul, Aug 5: South Korean stocks tumbled more than 5 per cent on Monday as fears of a US economic slowdown weighed heavily on the financial market, with a five-minute trade halt issued during the intra-day trading. The benchmark Korea Composite Stock Price Index (KOSPI) had fallen 140.25 points, or...
Zoho to foray into eastern UP this year: CEO Sridhar Vembu
Business

Zoho to foray into eastern UP this year: CEO Sridhar Vembu

New Delhi, Aug 5: In a first such move, Cloud software major Zoho is likely to mark its presence in eastern Uttar Pradesh this year, the company's Co-founder and CEO Sridhar Vembu said on Monday. The Chennai based SAAS company last year surpassed 100 million users across over 55 business...
Sensex trades lower on negative global cues
Business

Sensex trades lower on negative global cues

Mumbai, Aug 5: Indian equity indices opened in the deep red on Monday following negative cues from Asian peers. At 9.42 a.m., Sensex was down 1,509 points or 1.86 per cent at 79,460 and Nifty was down 465 points or 1.88 per cent at 24,252. The market trend remains negative. On the National Stock...
SL
Business

SL's Supreme Court grounds controversial deal to issue on-arrival visa by...

Colombo, Aug 5: Sri Lanka's Immigration Department has reverted to issuing on-arrival visas at the points of entry, and airport after the Supreme Court suspended a controversial deal outsourcing online visa issuing to a tripartite joint venture, including an Indian company.Issuing of online visas...
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