BUSINESS
Foxconn to establish industrial parks, optimise business in India: Chairman
Foxconn Chairman Young Liu said that since they entered India in 2005, its revenue, number of employees, and investment scale have grown exponentially.
WPI inflation rises to three month high of -1.36% in July
The WPI inflation has remained in the deflationary zone for the fourth month in a row in July, data released on Monday by the Union commerce ministry showed.
CarTrade Tech completes acquisition of OLX India's auto business for Rs 536 cr
CarTrade Tech said the acquisition is in furtherance of the strategic objectives of the company to undertake investments that provide synergistic benefits to its existing businesses.
Market construct turns negative with spike in dollar index
The Bank Nifty has been a pressure point for the markets during the last several trading days. The RBI decision to raise the CRR of banks to neutralise the excess liquidity created by the withdrawal of Rs 2000 notes has added to the negative sentiments in the banking sector, he said.
Centre's debt rose by 174% between 2013-14 & 2022-23, external debt by 100%
External debt is a component of Central government's overall debt.
Markets see more than 90% chance of US Fed pausing rate hike next month
Some officials think the Fed has already raised its benchmark lending rate enough to curb inflation, but others think it’s too soon to tap the brakes, CNN reported.
Florida-bound American Airlines flight drops 15k feet in 3 minutes, passenger shares ordeal
The flight was en route Gainesville from Charlotte, North Carolina in the US when the crew reported a possible pressurisation issue, Fox 35 News quoted Federal Aviation Administration (FAA) spokesperson as saying.
Investors to monitor CPI data for July projected to show significant increase
The Indian market experienced bearishness during the week that focused on economic data as inflation concerns dented domestic sentiments., he said.
US billionaire obsessed with age reversal says he used to drink alcohol for breakfast
During an appearance on Seven Bartlett's 'Diary of a CEO' podcast, the 45-year-old tech guru -- whose desire to restore his organs to those of an 18-year-old -- stated that he would begin each day with three ounces of wine, reports The New York Post. Johnson also said that he cut out the morning drinking because he couldn't spare the calories.
Sam Bankman-Fried sent to jail over witness tampering, VPN use charges
Bankman-Fried had been on house arrest in California since December 2022 while awaiting trial on fraud and money laundering charges. According to Inner City Press, judge Lewis A. Kaplan ordered late on Friday that he be remanded after prosecutors pushed to have his bail revoked.
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