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₹1,446 crore. Adar Poonawalla is the CEO of Serum Institute of India (SII), which makes the Covishield vaccine. A CNBC report confirmed the deal wherein Adar Poonawalla will buy the most expensive house in London.

Signature Bank became one of several US regional banks to collapse in March following the failure of Silicon Valley Bank, leaving the FDIC to auction off $33.2bn of its loans.

The IMF's Gopinath added the economic costs of Cold War II 'could be large' because the world is now even more integrated.

Firms have been told to make changes by 29 February 2024.

The data comes in advance of the Bank of England's meeting to set interest rates later this week.

Established in 2020,  Coinstore, the world’s leading cryptocurrency exchange, is celebrating its 3rd anniversary by launching a series trading competitions with over 30k USDT prize pool and a series community airdrops, listing carnival and CS Lives. Many enthusiasts are joining in to mark the day.

Sun Pharmaceutical Industries share price, having gained 56% in the last six months, declined 1.91% in intraday trades on Tuesday. Sun Pharma remains in focus over its plan to acquire 100% ownership in its US subsidiary Taro Pharmaceutical Industries. Sun Pharma, after having announced its strategic plan in May 2023 to acquire 100% ownership of Taro now has increased its bid to purchase the outstanding shares of Taro Pharma.

Mint poll of 23 economists, India’s retail inflation likely rose 5.8 per cent in November. A Reuters poll of 41 economists predicted India's November CPI rose 5.70 per cent in November. On the other hand, the estimates of global financial firm Barclays show India's CPI-based inflation might have risen above the RBI's tolerance limit of 6 per cent in November.

Puma SE will end its sponsorship of Israel’s football federation after 2024 as the German company focuses on fewer and higher-profile partnerships. The decision is unrelated to the war in Gaza that began in October and was made late last year as part of Puma’s new “fewer-bigger-better" strategy, the company said in an emailed statement. The brand has faced calls for boycotts in some markets over its support for Israel’s team.

video game developer and publisher Riot Games is hosting its debut international esports tournament in India and doubling down its investments to strengthen the grassroots ecosystem for its first-person shooter (FPS) games in India. “The ‘Convergence’ IP was created specifically with the Indian audience in mind. We wanted the Indian VALORANT fan to experience the thrill of an international tournament and it is, in reality, a thank you message to the Indian gaming community,” Sukamal Pegu, esports lead — India and South Asia at Riot Games told ET. “Since the launch of VALORANT in 2020, India has become one the biggest regions for the game in the APAC region.

Civil Aviation Ministry has discussions with airlines over the airfares and these were advised to self-regulate and keep passengers' interest in mind while fixing the fares. After deregulation of the aviation sector decades ago, the Indian government does not regulate airfares. The fares, Scindia explained, are also dependent on a number of factors such as the number of seats already sold on a particular flight, prevailing fuel price, capacity of the aircraft operating on the route, competition on the sector, season, value of INR against US dollar, holidays, festivals, long weekends, special events (sports, fairs, contests) etc. That's true of the airlines in India as well as elsewhere, but India's aviation sector has a peculiar problem — a strengthening duopoly — which does not augur well for fares, quality of services or punctuality. Many have linked recent incidents of delays and flight disruptions to the duopolistic nature of the market. A big chunk of India's aviation market is owned by just two airlines. Historically, due to various factors, the Indian aviation market has proved to be a graveyard of airlines. Very few have remained afloat beyond five years. The latest to nosedive was Go First which was grounded in May.

Bengaluru next month, with its vice president of engineering Srinivas Narayanan, to discuss issues related to artificial intelligence (AI) product and safety, the US-based company’s vice president of global affairs Anna Makanju said on Tuesday. “Countries like India are critical to AI’s future, and India has the most critical ingredients…some of the most impressive technology talent in the world, a track record of developing impressive technology businesses and a focus on competing on the global stage,” she said.

hiring sentiment for the next three months is one of the highest across the world, with 37 per cent of employers planning to increase their staff strength amid buoyant domestic demand conditions, says a survey. According to the latest ManpowerGroup Employment Outlook Survey of nearly 3,100 employers across sectors and regions, the Net Employment Outlook (NEO) in India is the highest amongst 41 countries. The outlook for January-March 2024, calculated by subtracting the percentage of employers who anticipate reductions to staffing levels from those who plan to hire, stood at 37 per cent, up 5 per cent from the corresponding period of 2023, and same when compared with the last quarter. «Domestic demand remains buoyant, and private investments continue to flow in making India a lucrative economy. With stability in the political arena, progressive India is not a dream but a reality,» Sandeep Gulati, Managing Director of ManpowerGroup India and Middle East, said. As per the survey, India and the Netherlands reported the strongest net employment outlooks at 37 per cent, followed by Costa Rica and the US at 35 per cent in second place, and Mexico at the third position with 34 per cent of the net employment outlook. The global average stood at 26 per cent.

XRP (-0.6%), and Dogecoin (-2.3%) were trading in the red, while BNB (7%), Solana (2.1%), Cardano (4.2%), and Avalanche (15%) were trading in the green. Meanwhile, the global cryptocurrency market cap declined by 0.21% to around $1.58 trillion in the last 24 hours. At 12.50 p.m., BTC was trading 1.1% lower at $41,786. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, fell to $817 billion. Bitcoin has had a rough start to the week with a wick towards $40,300 today. It is now recovering and consolidating near $41,800. As market structure has not yet changed fundamentally, hopes of a rally towards $48,000 remain strong as we lead to the year's end, said Vikram Subburaj, CEO of Giottus Crypto Platform.

Binance.US, the American arm of the globally renowned cryptocurrency exchange Binance, has made a significant announcement concerning its operations and leadership structure. This news comes in the wake of recent settlements involving Binance.com and its founder, Changpeng «CZ» Zhao.

China has unveiled plans to use blockchain technology for the verification of real-name identities of its vast population of 1.4 billion people. 

Generative artificial intelligence (Gen AI)-powered financial services are gaining traction among Indian consumers, with 91% being open to using a GenAI-powered financial application if one becomes available in the future, reveals a study by FIS. The study, titled ‘Trust in Generative AI’ notes that preference for new technology (60%) and the desire to save time (56%) are the primary motivators of consumers gravitating towards such applications.

Israel used US-supplied white phosphorus munitions in an attack carried out in southern Lebanon in October, US National Security Council Coordinator for Strategic Communications John Kirby said on Monday (local time). Speaking to reporters while en route to Philadelphia, John Kirby said the US will be asking questions to get more details about it. He stressed that the US provides material like white phosphorus to another military with the full expectation that it will be used for legitimate purposes and in keeping with the law of armed conflict. Asked about reports claiming that Israel used US-supplied white phosphorus munitions in October attack in Lebanon, Kirby said, «We've seen the reports.

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India CPI inflation may breach RBI's 6% tolerance band in November, says Barclays After the RBI's pause on interest rates, the US Fed is also expected to maintain a pause on Wednesday, December 13 even as inflation remains above its 2 per cent target and the job market remains resilient. Also Read: US Fed meet this week: Cooling inflation, resilient jobs market - will Fed hold rates steady? Reuters reported, quoting CME FedWatch Tool, that traders widely expect the Fed to leave rates unchanged at 5.25-5.50 per cent this week and are pricing in an about 77 per cent chance of a rate cut in May. Gold prices tend to gain when interest rates come down.

Hindalco Industrieswill set up a new battery foil manufacturing facility with an investment of ₹800 crore in Odisha. The manufacturing unit will be commissioned by 2025, said the aluminum rolling and recycling company in its stock filing on Tuesday. The plant located in Odisha's Sambalpur will initially produce 25,000 tonnes of the product which is crucial for the production of Lithium-ion, and Sodium-ion cells.