BUSINESS
Software exports from Technopark grow 15% to touch Rs 9,775 crore
During the fiscal 2020-21, the total exports stood at Rs 8,501 crore. The first in the country when it opened up here in the late 1990s, Technopark is presently home to 70,000 employees, working in 470 companies with a total IT built up area of 10.6 million square feet.
Apple suppliers to invest Rs 2,800 cr in UP as iPhone maker to move more manufacturing to India
YEIDA CEO Arun Vir Singh told IANS that these companies have already deposited 10 per cent of the proposed allocation for land in Sector 29 under the Yamuna Authority near the upcoming Jewar airport in Greater Noida. "Seiko Advance Limited, an ink manufacturing company, expressed its desire to make its product on 5 acres of land in Sector 29 of YEIDA," Singh informed.
'Indian investors are changing their finances worried over inflation, recession, economic uncertainty'
According to the report prepared by Standard Chartered Bank, Indian investors have made changes to their finances like spending less, making new decisions around their portfolios, which will prompt shifts in major asset classes. According to report, to outpace inflation, 61 per cent of global investors are looking to reduce their cash holdings, compared to 70 per cent in India.
Pilots' body issues notice to Air India over change in service conditions
The pilots' associations have written multiple letters to the Air India management in the last couple of weeks and sources said that they are planning to go on strike if the demands are not met.
IRDAI scraps 'burning cost' pricing; GIC RE scrip down
The share prices of national reinsurer GIC Re which was on the upswing for the past several days opened at Rs 188.45, touched a high of Rs 190.45 and came down to Rs 176.45 on the BSE.
Lina Khan-led FTC grills Zuckerberg over Meta's plan to acquire Within
Lina Khan-led US Federal Trade Commission (FTC) grilled Meta Founder and CEO Mark Zuckerberg in a hearing about the company's acquisition of virtual reality (VR) company called Within that owns the popular fitness app 'Supernatural'.
EU probing $61 bn acquisition of VMware by Broadcom
VMware was acquired by chip and software maker Broadcom from Dell Technologies for $61 billion in May this year.The Commission said it is particularly concerned that the "transaction would allow Broadcom to restrict competition in the market for certain hardware components which interoperate with VMware's software".
Tesla stock tanks to its lowest, Musk blames macroeconomic conditions
Tesla's stock has plunged dramatically since Musk bought Twitter in April this year. Tesla shares are down more than 60 per cent since then, as Musk is busy micro-managing daily affairs at Twitter.
With MCL acquisition, SMEL now plans foray into stainless steel business
Speaking to mediapersons here on Tuesday, SMEL Vice Chairman and Managing Director, Brij Bhusan Agarwal, said the estimated cost of acquiring MCL was Rs 450 crore and with this development, SMEL has embarked on a diversification approach in the metal space to chart the company's growth journey.
Gold, silver prices rise in US, may push domestic bullion rates on Wednesday
Gold prices in the US bullion market rose to $1,823, up by 1.73 per cent and silver prices rose to $24.09, up by 1.03 per cent over previous close, mainly due to long term speculations over rate hikes by US Federal Reserve. The US Federal Reserve is expected to announce another round of hikes in its first meeting in the new year, scheduled for February 1, 2023.
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