News

AI will help companies, economies grow faster: IBM CEO Arvind Krishna Artificial intelligence (AI) will take on certain low-level tasks and boost overall productivity, thus helping economics and companies grow faster, IBM Chairman and CEO Arvind Krishna said on Friday. Speaking at the 'B20 Summit India 2023', which is G20’s official dialogue forum with the global business community, Krishna said that AI can take on certain mundane tasks. “AI can help in mundane tasks such as assessment and promotion of people at the HR level. The AI de...
AI will help companies, economies grow faster: IBM CEO Arvind Krishna
AI will help companies, economies grow faster: IBM CEO Arvind Krishna
Source: IANS
25/08/2023 4:29:43 PM
India`s JSW Steel considers 75% interest in Teck`s coal business - Bloomberg India's JSW Steel Ltd is considering picking up a 75% interest in Teck Resources' steelmaking coal business Elk Valley Resources, according to a Bloomberg report. Bloomberg had reported in July that the Mumbai-based company was interested in up to 20% of Teck’s coal business. The potential deal could value the business at $8 billion, said Bloomberg, rivaling an earlier bid by Swiss commodities giant Glencore. Glencore earlier this year offered to buy Teck's steelmak...
India`s JSW Steel considers 75% interest in Teck`s coal business - Bloomberg
India`s JSW Steel considers 75% interest in Teck`s coal business - Bloomberg
Source: Reuters
17/08/2023 4:29:04 PM
Apple considering release of foldable iPad in future Apple is reportedly considering the release of a foldable iPad in the near future, according to insights from supply chain sources. According to the preview of an upcoming report from DigiTimes, Apple is interested in expanding its foldable technology efforts beyond smartphones and into the tablet market. "Apple, who is rumoured to have been working on foldable smartphones for several years, reportedly is considering extending the effort to the tablet sector," as per the previ...
Apple considering release of foldable iPad in future
Apple considering release of foldable iPad in future
Source: IANS
27/07/2023 10:25:46 AM
Gold prices tick up as traders await Fed cues Gold prices edged up on Tuesday on a dollar that was close to hitting its lowest in over a year, while traders waited for retail sales data from the United States to gauge any impact on the U.S. Federal Reserve's monetary tightening path. Spot gold rose 0.3% to $1,959.54 per ounce by 0359 GMT. U.S. gold futures gained 0.4% to $1,963.70. The dollar wobbled near an over one-year low. A weaker dollar makes gold cheaper for holders of other currencies. [USD/] While the upcoming Fed m...
Gold prices tick up as traders await Fed cues
Gold prices tick up as traders await Fed cues
Source: Reuters
18/07/2023 9:46:35 AM
India's Adani Green weighs raising $1.5 billion India's Adani Green Energy is considering raising about $1.5 billion to fund its green diversification in the country, Bloomberg News reported on Thursday, citing people familiar with the matter. The renewable energy company, controlled by billionaire Gautam Adani, had previously said it would discuss plans to raise funds from institutional investors on Thursday. The company plans to expand its green energy capacity by close to 3 gigawatts this fiscal year, spending around 140 billi...
India's Adani Green weighs raising $1.5 billion
India's Adani Green weighs raising $1.5 billion
Source: Reuters
6/07/2023 2:56:24 PM
Apple may provide hands-on demos of AR/VR headset at WWDC Apple is reportedly planning to provide some developers and attendees with an opportunity to try out the new AR/VR headset (mixed reality) at its Worldwide Developers Conference (WWDC) 2023. The company built a new "structure" at the "Apple Park" campus designed to provide controlled hands-on demos of the headset, reports MacRumors. There will also be a hands-on area in the Steve Jobs Theater for hardware demonstrations after the keynote, according to Bloomberg's...
Apple may provide hands-on demos of AR/VR headset at WWDC
Apple may provide hands-on demos of AR/VR headset at WWDC
Source: IANS
4/06/2023 10:19:41 AM
India`s Adani aims to raise up to $800 million for green energy projects -Bloomberg News  India's Adani Group is looking to raise up to $800 million for new green energy projects and is in talks with global banks, Bloomberg News reported on Thursday, citing people familiar with the matter. The size of the fundraise could range from about $700 million to some $800 million, the report said, adding that the plan and size were not finalized. This could be billionaire Gautam Adani-led conglomerate's biggest borrowing since a short-seller report sparked a share rout ...
India`s Adani aims to raise up to $800 million for green energy projects -Bloomberg News
India`s Adani aims to raise up to $800 million for green energy projects -Bloomberg News
Source: Reuters
27/04/2023 12:55:46 PM
India eyes higher capital gains tax for rich in bid to curb inequality - Bloomberg News India is preparing an overhaul of its direct tax laws, including potential increases in capital gains taxes for top income earners, to help Prime Minister Narendra Modi reduce widening income inequality, Bloomberg News reported on Tuesday.
India eyes higher capital gains tax for rich in bid to curb inequality - Bloomberg News
India eyes higher capital gains tax for rich in bid to curb inequality - Bloomberg News
Source: Reuters
18/04/2023 3:10:12 PM
Apple now makes almost 7% of its iPhones in India - Bloomberg News Apple Inc has significantly increased its production of iPhones in India, accounting for almost 7% of its total iPhone production, up from 1% in 2021, Bloomberg News reported on Thursday. The company assembled more than $7 billion worth of iPhones in the country in the last fiscal year, the report said. Apple did not immediately respond to a Reuters request for comment.
Apple now makes almost 7% of its iPhones in India - Bloomberg News
Apple now makes almost 7% of its iPhones in India - Bloomberg News
Source: Reuters
13/04/2023 10:55:55 AM
UBS considers retaining Credit Suisse`s India unit - Bloomberg News UBS Group AG is considering retaining Credit Suisse Group AG's private banking unit in India after the emergency rescue of its smaller rival last month, Bloomberg News reported on Wednesday citing people familiar with the matter.
UBS considers retaining Credit Suisse`s India unit - Bloomberg News
UBS considers retaining Credit Suisse`s India unit - Bloomberg News
Source: Reuters
12/04/2023 10:45:09 AM
Walmart gets $1 billion tax bill for shifting PhonePe HQ to India - Bloomberg News Walmart and other shareholders of digital payments app PhonePe will have to pay tax worth around $1 billion after the fintech firm shifted its headquarters to India from Singapore last year, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Walmart gets $1 billion tax bill for shifting PhonePe HQ to India - Bloomberg News
Walmart gets $1 billion tax bill for shifting PhonePe HQ to India - Bloomberg News
Source: Reuters
4/01/2023 5:27:24 PM
Explainer-What could India's inclusion into major global bond indexes mean The possibility of India being included in global bond indexes this year has led to increased buying in a set of local securities. A decision on whether to include the south Asian country into the J.P.Morgan Government Bond Index-Emerging Markets (GBI-EM) could come as early as this month when ok the operators meet to review the composition of the index. Morgan Stanley and Goldman Sachs expect India to be included in the index by 2023, with a 10% weightage, if an initial announcement...
Explainer-What could India's inclusion into major global bond indexes mean
Explainer-What could India's inclusion into major global bond indexes mean
Source: Reuters
16/09/2022 1:26:06 PM
Uber dismisses claim that it planned to exit Indian market Uber on Thursday refuted a report that claimed the ride-hailing major planned to exit the Indian market and held discussions with potential buyers to sell its India business. Bloomberg reported that the US-based company explored selling the India business, but "suspended discussions after tech startup valuations cratered." In a statement shared with IANS, an Uber spokesperson said the company never explored exiting India -- not even for a minute -- and the report is "cate...
Uber dismisses claim that it planned to exit Indian market
Uber dismisses claim that it planned to exit Indian market
Source: IANS
23/06/2022 4:53:27 PM
SII chief Cyrus S. Poonawalla gets top Johns Hopkins honour The US-based Johns Hopkins Bloomberg School of Public Health has awarded the Dean's Medal to Serum Institute of India (SII) Chairman Dr Cyrus S. Poonawalla for his outstanding work in developing and delivering affordable vaccines and contributions to the Indian biosciences industry for several decades, a statement said here on Monday. The SII, with its Covid-19 vaccines, played a huge role in fighting the Coronavirus pandemic that raged across the world in the past over two years. T...
SII chief Cyrus S. Poonawalla gets top Johns Hopkins honour
SII chief Cyrus S. Poonawalla gets top Johns Hopkins honour
Source: IANS
24/05/2022 8:57:46 AM
India's Adani in advanced talks for Holcim's India units Indian billionaire Gautam Adani's conglomerate Adani Group is in talks to buy Holcim's cement business in India in the coming days, Bloomberg News reported on Tuesday, citing people familiar with the matter. Adani could sign a deal to buy a controlling stake in Ambuja Cements Ltd from Switzerland's Holcim, Bloomberg News said https://bloom.bg/3Lg0Wf2. The world's largest cement maker currently owns 63.1% stake in Ambuja. As of Monday's close, Ambuja Cements' mark...
India's Adani in advanced talks for Holcim's India units
India's Adani in advanced talks for Holcim's India units
Source: Accord Fintech
26/04/2022 1:34:15 PM
India's Mahindra considering funding options for Electric Vehicle supercar unit BENGALURU - Mahindra & Mahindra Ltd is considering options to raise funds for its unit Automobili Pininfarina, as the Indian automaker looks to start production of its $2.2 million electric hypercar, Bloomberg News reported. The Munich-based luxury electric vehicle unit had in 2019 rolled out a prototype of its 1,900-horsepower Battista, which had a top speed of 350 km/hour and a range up to 500 km in a single charge. Mahindra's options include a merger with a blank-check compan...
India's Mahindra considering funding options for Electric Vehicle supercar unit
India's Mahindra considering funding options for Electric Vehicle supercar unit
Source: Reuters
29/09/2021 10:48:32 AM
Evergrande begins repaying investors with discounted properties - Bloomberg News China Evergrande Group kicked off a process on Saturday to repay investors in its overdue investment products with discounted properties, Bloomberg News reported on Saturday. Investors who opt for discounted real estate in lieu of cash can start contacting wealth managers for more details, the report said, citing a Wechat post by Evergrande's wealth division.   (Reporting by Aishwarya Nair in Bengaluru; Editing by William Mallard)
Evergrande begins repaying investors with discounted properties - Bloomberg News
Evergrande begins repaying investors with discounted properties - Bloomberg News
Source: Reuters
19/09/2021 9:59:25 AM
India`s Paytm targets $3 billion IPO - Bloomberg News BENGALURU  - Indian fintech start-up Paytm is aiming to raise about 218 billion rupees ($3 billion) in an initial public offering (IPO) late this year, Bloomberg News reported https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india on Thursday, citing a person familiar with the matter. The company, formally called One97 Communications Ltd, plans to list in India around November and is targeting a valuation of around $25 billion t...
India`s Paytm targets $3 billion IPO - Bloomberg News
India`s Paytm targets $3 billion IPO - Bloomberg News
Source: Reuters
27/05/2021 4:27:35 PM
Goldman poised to make $100 million profit off Texas deep freeze - Bloomberg News Traders at Goldman Sachs Group Inc could earn roughly $100 million in profit from the winter storm last month that left many across Texas and other southern U.S. states without electricity, clean water and heat, Bloomberg News reported on Friday. The Wall Street bank's earnings from the physical sale of power and natural gas and financial hedges after spot prices jumped, could top $200 million on paper, but they will likely take a significant write down, Bloomberg reported. Texas...
Goldman poised to make $100 million profit off Texas deep freeze - Bloomberg News
Goldman poised to make $100 million profit off Texas deep freeze - Bloomberg News
Source: Reuters
6/03/2021 1:43:43 PM