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PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
Nov 29, 2023
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.
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...
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
Jan 15, 2024
  California's New Law: Turning Parking Lots into Affordable Housing   Introduction  In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing.   The Law's Provisions  The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...
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.
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US STOCKS-Wall St poised for higher open with economic data, tariffs in focus
US STOCKS-Wall St poised for higher open with economic data, tariffs in focus
Mar 3, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Intel ( INTC ) up after report of Nvidia ( NVDA ), Broadcom ( AVGO ) collaboration * Tesla up after Morgan Stanley reinstates stock as 'top pick' * Crypto stocks surge after Trump hints at new bitcoin reserve...
Sector Update: Health Care
Sector Update: Health Care
Mar 3, 2025
08:57 AM EST, 03/03/2025 (MT Newswires) -- Health care stocks advanced premarket Monday with the Health Care Select Sector SPDR Fund (XLV) 0.2% higher and the iShares Biotechnology ETF (IBB) recently up 0.2%. Fortrea Holdings ( FTRE ) shares fell past 16% after the company reported Q4 adjusted earnings and revenue that missed analysts' expectations. The company also issued 2025...
Sector Update: Tech
Sector Update: Tech
Mar 3, 2025
08:50 AM EST, 03/03/2025 (MT Newswires) -- Technology stocks rose premarket Monday as the Technology Select Sector SPDR Fund (XLK) was up 0.5% and the SPDR S&P Semiconductor ETF (XSD) was 3.4% higher recently. Nvidia ( NVDA ) and Broadcom ( AVGO ) are conducting manufacturing tests with Intel ( INTC ) , Reuters reported, citing two sources familiar with...
Sector Update: Energy
Sector Update: Energy
Mar 3, 2025
09:05 AM EST, 03/03/2025 (MT Newswires) -- Energy stocks advanced premarket Monday with the Energy Select Sector SPDR Fund (XLE) 0.3% higher recently. The United States Oil Fund (USO) was up 0.1% and the United States Natural Gas Fund (UNG) was 2% higher. Front-month US West Texas Intermediate crude oil was up 0.6% at $70.16 per barrel at the New...
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Nokia taps AI boom with $2.3 bln Infinera purchase
Nokia taps AI boom with $2.3 bln Infinera purchase
Jun 28, 2024
By Supantha Mukherjee STOCKHOLM, June 28 (Reuters) - Nokia's bid to buy U.S. optical networking gear maker Infinera ( INFN ) in a $2.3 billion deal puts the Finnish company on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence. The deal would help Nokia to leapfrog...
Nokia taps AI boom with $2.3 billion Infinera purchase
Nokia taps AI boom with $2.3 billion Infinera purchase
Jun 28, 2024
By Supantha Mukherjee STOCKHOLM (Reuters) - Nokia's bid to buy U.S. optical networking gear maker Infinera ( INFN ) in a $2.3 billion deal puts the Finnish company on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence. The deal would help Nokia to leapfrog Ciena and...
EU regulators to decide on $14 billion HP-Juniper deal by Aug. 1
EU regulators to decide on $14 billion HP-Juniper deal by Aug. 1
Jun 28, 2024
BRUSSELS (Reuters) - EU antitrust regulators will decide by Aug. 1 whether to clear Hewlett Packard Enterprise's ( HPE ) $14 billion acquisition of networking gear maker Juniper Networks ( JNPR ), a filing on the European Commission website showed on Friday. The deal announced in January would boost HPE's artificial intelligence (AI) products and double its networking business, underscoring...
EU regulators to decide on $14 bln HP-Juniper deal by Aug. 1
EU regulators to decide on $14 bln HP-Juniper deal by Aug. 1
Jun 28, 2024
BRUSSELS, June 28 (Reuters) - EU antitrust regulators will decide by Aug. 1 whether to clear Hewlett Packard Enterprise's ( HPE ) $14 billion acquisition of networking gear maker Juniper Networks ( JNPR ), a filing on the European Commission website showed on Friday. The deal announced in January would boost HPE's artificial intelligence (AI) products and double its networking...
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Rajasthan: Gehlot government begins Rs 2,500 cr dam project for Sabarmati, Sei rivers ahead of polls
Rajasthan: Gehlot government begins Rs 2,500 cr dam project for Sabarmati, Sei rivers ahead of polls
Mar 1, 2023
On Tuesday, the Gehlot government invited bids for both projects to build the dams within the next four years. The chief minister had announced both projects in last year’s budget.
ED attaches over Rs 10-crore assets in resort scam involving ex-Maha minister Anil Parab
ED attaches over Rs 10-crore assets in resort scam involving ex-Maha minister Anil Parab
Jan 4, 2023
The probe pertains to Dapoli resort, which is allegedly illegal. The former minister and Shiv Sena (Uddhav) leader, Anil Parab, allegedly wangled a permit to use land meant for agricultural use. The ED had started the investigation under the the Prevention of Money Laundering Act (PMLA) after a complaint from the Environment Ministry.
What is the debate over Biodiversity Bill, likely to be tabled in monsoon session of Parliament
What is the debate over Biodiversity Bill, likely to be tabled in monsoon session of Parliament
Jul 12, 2023
The new bill exempts registered AYUSH practitioners and people accessing codified traditional knowledge, from sharing benefits with local communities or giving prior intimation to state biodiversity boards before accessing biological resources.
Brahmapuram waste plant fire: Kerala Assembly witnesses uproarious scenes, LoP says CM running away from issue
Brahmapuram waste plant fire: Kerala Assembly witnesses uproarious scenes, LoP says CM running away from issue
Mar 13, 2023
A fire that broke out at the waste treatment plant in Kochi on March 2, 2023, continues to spread toxic fumes even after 11 days of the incident. The Kerala government has said that 95 percent of the fire has been extinguished, but the smoke from the landfill has not entirely subsided. 
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CrowdStrike says significant number of outage-affected devices back up
CrowdStrike says significant number of outage-affected devices back up
Jul 21, 2024
(Reuters) - Cybersecurity firm CrowdStrike ( CRWD ) said on Sunday that a significant number of the 8.5 million Microsoft ( MSFT ) devices that were impacted as a result of a global tech outage related to a software update were back online and operational. ...
BRIEF-Tellurian To Be Acquired By Woodside For Approximately $900 Million
BRIEF-Tellurian To Be Acquired By Woodside For Approximately $900 Million
Jul 21, 2024
July 21 (Reuters) - Tellurian Inc ( TELL ): * TELLURIAN TO BE ACQUIRED BY WOODSIDE FOR APPROXIMATELY $900 MILLION * TELLURIAN - WOODSIDE WILL ACQUIRE ALL OUTSTANDING SHARES OF TELLURIAN FOR $1.00 PER SHARE IN AN ALL-CASH TRANSACTION * TELLURIAN INC ( TELL ) - IMPLIED TOTAL ENTERPRISE VALUE OF TRANSACTION, INCLUDING NET DEBT, IS APPROXIMATELY $1.2 BILLION Source...
EXPLAINER-U.S. Vice President Harris' views on business issues
EXPLAINER-U.S. Vice President Harris' views on business issues
Jul 21, 2024
WASHINGTON, July 21 (Reuters) - U.S. Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election. Here are her views and actions related to some key business topics. TECH REGULATION As California attorney general, Harris sued eBay ( EBAY ) in 2012, alleging anticompetitive hiring practices surrounding a no-poaching agreement with Intuit that...
Australia's Woodside Energy to buy US-based Tellurian for $1.2 bln
Australia's Woodside Energy to buy US-based Tellurian for $1.2 bln
Jul 21, 2024
July 22 (Reuters) - Woodside Energy ( WDS ) on Monday said it has entered a definitive agreement to acquire U.S.-based Tellurian including its owned and operated U.S. Gulf Coast Driftwood LNG development for an implied enterprise value of $1.2 billion. ...
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