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Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Nov 29, 2023
November has turned out to be the best month of the year so far for the Nifty, with the index gaining 5.5% so far ahead of Thursday's monthly F&O expiry.
Adobe’s CFO is helping steer the company’s path into generative AI
Adobe’s CFO is helping steer the company’s path into generative AI
Jan 15, 2024
  Generative AI: Adobe's Finance Organization Embraces Innovation   Introduction  Adobe, a leading software company, is charging full steam ahead towards a future powered by generative AI products, with finance playing a pivotal role in this transformative journey. Dan Durn, CFO and EVP of finance, technology services, and operations at Adobe, emphasizes the significance of the finance organization's involvement in strategic discussions, understanding...
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Jan 15, 2024
  Former Citibank Analyst's Unfair Dismissal Claim Rejected   Employee Lied About Food Expenses  A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after a tribunal discovered he had lied about buying food for his partner and charging it to his employer.   Fekete, who was a senior analyst, claimed he had been both wrongfully and unfairly dismissed by Citibank....
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Equinix signs $15 billion joint venture to build U.S. data center infrastructure
Equinix signs $15 billion joint venture to build U.S. data center infrastructure
Oct 1, 2024
(Reuters) - Data center firm Equinix ( EQIX ) is forming a joint venture with Singapore's sovereign wealth fund GIC and Canada Pension Plan Investment Board with goals to raise more than $15 billion in capital, the company said on Tuesday. Equinix ( EQIX ) and its partners will use the capital to expand the U.S. footprint of hyperscale data...
AT&T sells 70% stake in DirecTV to TPG for $7.6 billion
AT&T sells 70% stake in DirecTV to TPG for $7.6 billion
Sep 30, 2024
(Reuters) - AT&T ( T ) said on Monday it would sell its 70% stake in satellite TV service DirecTV to private equity firm TPG for $7.6 billion, exiting a business marked by declining distributions for the telecom operator. AT&T ( T ) in 2021 signed a joint-venture agreement with TPG, which contributed about $1.8 billion in cash in exchange...
Nokia says German court rules in its favour in Amazon patent dispute
Nokia says German court rules in its favour in Amazon patent dispute
Oct 1, 2024
HELSINKI (Reuters) -A German court has ruled that Amazon ( AMZN ) is using Nokia's patented video technologies without a license, the Finnish network equipment maker and telecommunications patent holder said in a statement on Friday. The Munich Regional Court in Germany has ruled that Amazon ( AMZN ) is using Nokia's patented video-related technologies in its end-user streaming devices...
Exclusive-ByteDance plans new AI model trained with Huawei chips, sources say
Exclusive-ByteDance plans new AI model trained with Huawei chips, sources say
Sep 29, 2024
(Reuters) - TikTok's Chinese parent ByteDance plans to develop an AI model trained primarily with chips from compatriot Huawei Technologies, said three people familiar with the matter, as U.S. curbs turn the social media giant homeward in search of chips. ByteDance has diversified to domestic suppliers of chips used in artificial intelligence and accelerated development of its own since the...
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India stops taking Russian oil delivered on Sovcomflot tankers, Bloomberg News reports
India stops taking Russian oil delivered on Sovcomflot tankers, Bloomberg News reports
Mar 22, 2024
March 22 (Reuters) - All of India's refiners are now refusing to take Russian crude carried on PJSC Sovcomflot tankers due to U.S. sanctions, Bloomberg News reported on Friday. Reuters reported earlier this week that India's Reliance Industries, operator of the world's biggest refining complex, would not buy Russian oil loaded on tankers operated by shipper Sovcomflot (SCF) after recent...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
FedEx jumps on profit beat, improved margins in its largest unit
FedEx jumps on profit beat, improved margins in its largest unit
Mar 22, 2024
(Reuters) - FedEx ( FDX ) shares surged in premarket trading on Friday after the parcel giant beat estimates for quarterly profit and reported a higher operating margin at Express, its largest unit. Shares of the company rose 12.4% to $297.75 before the bell, with rival UPS up 3.5%. FedEx ( FDX ) has taken several measures to protect margins...
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Coinbase CEO Denies Selling ‘Paper Bitcoin’ to BlackRock and cbBTC Claims
Coinbase CEO Denies Selling ‘Paper Bitcoin’ to BlackRock and cbBTC Claims
Sep 16, 2024
Coinbase founder and CEO Brian Armstrong has denied speculations that the company has sold paper Bitcoin to BlackRock without maintaining a 1:1 backing. The allegations have caused debate in the crypto community, with some accusing Coinbase of lacking transparency in its Bitcoin reserves. Brian Armstrong Dispels the Rumors In a statement on X addressing crypto analyst Tyler Durden, Armstrong explained...
3 Worrying Signs for Shiba Inu (SHIB) as Price Enters Red Territory: Details
3 Worrying Signs for Shiba Inu (SHIB) as Price Enters Red Territory: Details
Sep 16, 2024
TL;DR Shiba Inus price dropped after a brief surge, with some metrics indicating further bearish trends. The tokens burn rate has sharply decreased, while over half of its investors are currently sitting on paper losses. The Overall Bearish Conditions The price of Shiba Inu (SHIB) witnessed a minor uptick last week, surging to as high as $0.00001407 on September 14....
Whale Selling Pushes ETH/BTC to 3.5 Year Low, Where Next for Ethereum? 
Whale Selling Pushes ETH/BTC to 3.5 Year Low, Where Next for Ethereum? 
Sep 16, 2024
Ethereum is at its weakest level against Bitcoin since early 2021 as the ETH/BTC ratio continues to break down. The ratio is a measure of the price of ETH in Bitcoin terms, not in US dollars. Despite falling 21% from its all-time high, Bitcoin has remained robust, whereas Ethereum remains down 53% from its peak in 2021. In a post...
Major Warning Concerning Shiba Inu (SHIB) Users
Major Warning Concerning Shiba Inu (SHIB) Users
Sep 16, 2024
TL;DR The SHIB team warns of rising scams exploiting Ryoshis name, urging users to stay vigilant. Shiba Inus founder, Ryoshi, passed the torch to Shytoshi Kusama who plans to hand over control to the community soon. Not Everything is as It Seems Shibarmy Scam Alerts (the X account focused on protecting SHIB users from various threats) warned there is a...
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