Mumbai: Pension funds, driven by the National Pension System (NPS), continue to deploy money in sovereign debt, with the sector’s ownership of government bonds climbing to a record 4.4%, or ₹4.67 lakh crore, in the last quarter of 2023, up from 3.91%, or ₹3.66 lakh crore, a year ago, as per latest Reserve Bank of … Read more
Mumbai: Six Adani Group firms have received so-called show-cause notices from the Securities and Exchange Board of India (Sebi) for alleged violation of related party transactions, non-compliance of listing rules and validity of auditor certificates in the past, these companies said in their regulatory filings to the stock exchanges. On Thursday, Adani Enterprises, the flagship … Read more
BofA Securities raised share price targets on Indian telecom companies as it expects near-term momentum in the sector. The firm has upgraded its rating on Vodafone Idea from ‘Underperform’ to ‘Neutral’, and sees 9-16% upside in shares of Bharti Airtel, Indus Towers, and Reliance Industries. BofA said it expects a tariff hike of 20-25% as … Read more
Microsoft has poured over $100 billion into developing its Bing search engine over the past two decades but has little market share to show for it. About nine out of every 10 web searches in the US are made through Google, with Bing splitting the remaining queries with a long list of small competitors. On … Read more
CENTRE HALL, Pa. (WTAJ) – Since 1994, federal law has required people buying a gun to undergo a background check. But many buyers have circumvented this step by purchasing from an unlicensed dealer on the internet, at flea markets and at gun shows. For many years gun control advocates have called this the “gun show … Read more
(NewsNation) — In an interview on NewsNation’s “Elizabeth Vargas Reports” Thursday, “Shark Tank” star Kevin O’Leary said he’s using AI-powered bossware with the ability to weed out potential employees who have participated in pro-Palestinian protests. “It’s happening right now as we speak. I’m just one firm doing this,” said O’Leary, who in addition to his … Read more
CHICAGO — Officials from the Greater Chicago Food Depository are hoping to save some of the products from two recently closed grocers. Foxtrot and Dom’s Kitchen and Market locations closed a little more than a week ago but products remain on shelves of both retailers and are at risk of going to waste. “We would … Read more
The idea is simple. There are about 3,000 billionaires in the world and in recent years they have been getting richer and richer. Demands on hard-up governments from ageing populations and the drive to achieve net zero are growing all the time. Rather than expect voters already struggling to make ends meet to pay more, … Read more
Paramount Global’s share price soared on Thursday following a report that Sony Pictures and Apollo Global Management had made a $26bn offer for the troubled media giant. According to the Wall Street Journal, the offer was made on Wednesday by Sony chief executive Tony Vinciquerra and Aaron Sobel, a partner at Apollo. Paramount’s shares spiked … Read more
Apple released its earnings report on Thursday, revealing a drop in overall revenue fueled by slackening iPhone sales. Earnings exceeded market expectations, however, and Apple’s shares rose in after-hours trading. Tim Cook, Apple’s chief executive, said in a statement released before the call that “Apple is reporting revenue of $90.8bn for the March quarter, including … Read more
