BUSINESS
Tencent reports 13% revenue growth in Q3
The company also disclosed data regarding its underage game players in its latest financial statement. On September 1, Tencent began implementing a series of measures to comply with China's latest regulations on restricting the gaming time of its underage citizens, reports Xinhua news agency.
Apple supplier Foxconn buys Ohio EV factory for $230 mn
The cash-strapped electric vehicle start-up will find some relief from the capital infusion, while the partnership gives Foxconn a jump start on producing fully electric trucks. Shares of Lordstown rose more than 13 per cent hours after the news broke, reports CNBC.
Japan's wholesale prices surge to 40-yr
The wholesale prices grew for 8 months continuously, with the latest rise of 8% being the highest since it grew at the rate of 8.1% four decades ago according to the country’s central bank, reported Xinhua News Agency. The petroleum and coal products prices also rose by 44.5 per cent, indicating the higher commodity prices. As many Covid-19 restrictions were lifted, demand for energy and raw materials was boosted with the recovering economies
Elon Musk offloads Tesla stock worth $5bn after Twitter poll troll
The filings that were posted later on Wednesday with the US Securities and Exchange Commission (SEC) showed that Musk sold another 3.58 million shares in Tesla. That sale was valued at about $4 billion, reports TechCrunch. The world's richest man had earlier posted two of the costliest tweets in the history of Global Inc.
Global cues subdue equity markets; Sensex down over 400 pts
At 10.15 a.m., the 30-scrip sensitive index traded at 59,921.26 points, down 438.60 points or 0.77 per cent. The Sensex opened at 60,291.70 points from its previous close of 60,352.82 points.
US inflation for October 2021 rises to highest level in three decades
The inflation remained high and further swelled up due to the disruptions that persisted in the supply chain for months. The consumer price index (CPI) soared 0.9 per cent in October after rising 0.4 per cent in September, as per the updated reports by the Department's Bureau of Labour Statistics.
US sues Uber for overcharging people with disabilities
The DOJ alleged in the lawsuit that Uber discriminates against people with disabilities. "Uber's policies and practices of charging wait time fees based on disability have harmed many passengers and potential passengers with disabilities throughout the country," the Justice Department said in a statement late on Wednesday. The lawsuit, filed in the US District Court for the Northern District of California, alleges that Uber violated Title III of the Americans with Disabilities Act (ADA), which prohibits discrimination by private transportation companies like Uber.
Dhankhar-Amit Mitra face off over Bengal Business Global Summit
Amit Mitra's outburst comes after Dhankhar asked the Mamata Banerjee government to come out with a white paper on Bengal Global Business Summit (BGBS) with details of investments attracted by the state through those programmes. Mitra wrote on his Twitter handle -- "Governor said on 9th of Nov at meet and Greet event as reported, "We have to ensure there is no room for conflict...no room for adversarial situation.. only one way, togetherness." Very next day, he tweeted the opposite of these utterances, in a mode of all out conflict? Shocking!!!"
Fuel prices hold for a week despite firm global oil rates
The pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. last week on Thursday from the previous day's level of Rs 110.04 a litre, remained at the same level. The diesel prices also remained unchanged in the capital at Rs 86.67 a litre. In the financial capital Mumbai, petrol continued to be priced at Rs 109.98 a litre and diesel Rs 94.14 a litre. Prices also remained static on Wednesday in Kolkata where the price of petrol reduced by Rs 5.82 to Rs 104.67 per litre and that of diesel by Rs 11.77 to Rs 89.79 per litre last week.
Equity-linked MF attracts over 5K cr in October
The net inflows in September were over Rs 8,600 crore and it was Rs 8,056.80 crore in August. In addition to this, the contributions through systematic investment also increased to on a sequential basis last month to a record high of Rs 10,518.53 crore.
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