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President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary after his second administration begins in January

Subscribe to enjoy similar stories. Faced with slowing growth in core segments like test preparation and white-collar upskilling, edtech operators are eyeing allied healthcare servives and nursing skilling as the next big opportunity.

A recent Sebi report highlighted the significant losses individual traders incurred in the equity futures and options (F&O) segment between FY22 and FY24. A whopping 91.1% of these traders lost money in FY24, and the average loss per head was ₹1.20 lakh. During FY22-FY24, 11.3 million traders incurred a combined net loss of ₹1.81 trillion. Only 7.2% of traders made a profit during this period.

Oyo’s founder and CEO Ritesh Agarwal is slated to buy another Rs 550 crore worth of shares to increase his stake in the company, as per documents seen by ET. According to the documents accessed by ET, Agarwal is set to buy Rs 550 crore worth of shares at 42.60 per share, a 45% premium to his last purchase in August 2024. Oyo’s last funding round of $175 million was led by Agarwal who bought $100 million worth of shares. It also included participation from various family offices and private investors such as InCred Wealth, J&A Partners — the family office of Mankind Pharma promoters, ASK Financial Holdings and investor Ashish Kacholia.

WestBridge Capital is joining forces with Neelesh Garg, outgoing managing director and CEO of Tata AIG General Insurance, to launch a new general insurance joint venture with a focus on AI-powered, digital-first services, two people aware of the development said. This will mark the Bengaluru-based private equity firm’s second investment into the insurance sector following its successful part-exit from Star Health Insurance through its IPO in 2021. WestBridge, which manages over $8 billion in investments in India, will hold a majority stake in the proposed venture, with Garg taking a 10% ownership position, people cited above said.

Donald Trump's imminent return to the US presidency looming over the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Chinese President Xi Jinping said on Friday that unilateralism and protectionism needed to be rejected in favour of economic globalisation. Xi's critique of protectionism at APEC offers a preview of how China will seek to position itself once Trump takes office in January. Trump has pledged to impose tariffs on Chinese imports in excess of 60% but Beijing and Chinese companies are hoping that his protectionist policies will also irk US allies in Europe and Asia — giving China an opening to increase its global influence and improve trade ties. In a speech read out to business executives by Chinese commerce minister Wang Wentao on Friday at the APEC CEO Summit, Xi said that economic globalisation was facing «countercurrents», without specifying any particular country or leader.

Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its m...

On Saturday, Elon Musk shared who he is endorsing for Treasury secretary on <a href=«https://x.com/elonmusk/status/1857819784865362211?ref_src=» https: target="_blank">X

Money manager John Davi is positioning for challenges tied to President-elect Donald Trump's tariff agenda.

Disgruntled X users are once again flocking to Bluesky, a newer social media platform that grew out of the former Twitter before billionaire Elon Musk took it over in 2022

Elon Musk, the Tesla CEO has pretty recently endorsed a controversial proposal to allow US Presidents to exert control over the Federal Reserve which in recent days is led by Jerome Powell, reported Business Insider. This endorsement actually aligns with US President- elect Donald Trump's ongoing interest in reshaping the Fed's role, as he has already and previously criticized Jerome Powell while suggesting that he should certainly have a say in monetary policy decisions. According to Business Insider, the support of Elon Musk surfaced after he responded positively to a tweet from Senator Mike Lee advocating for the end of the Fed's independence while using the hashtag ‘#EndtheFed’ and a ‘100’ emoji to signal his eventual agreement. Also Read: Mike Tyson vs Jake Paul on Netflix: How to re-watch, watch highlights?

Weekly Tech Recap: With the constant bombardment of news throughout the week, it’s hard to keep track of the biggest events. To help you stay informed, we’ve compiled the Weekly Tech Recap, where we highlight the top stories that made waves in the world of technology.

Beauty and personal care company Honasa Consumer, which runs brands like Mamaearth, fell to a net loss in the September quarter while operating revenue declined. The company was hit by a restructuring exercise in its distribution and supply chain wherein it is shifting from a super-stockist model to appointing direct distributors. The quarterly performance lagged the Gurugram-based company's internal projections, cofounder and CEO Varun Alagh told ET's Pranav Mukul. Edited excerpts:

Subscribe to enjoy similar stories. MFCentral (mfcentral.com), a mutual fund transactions platform jointly run by Computer Age Management Services Limited (CAMS) and KFin Technologies Limited (KFintech), has finally been converted into a separate joint-venture company. The platform, which has 2.5 million users, is run by registrar and transfer agents (RTAs) – Sebi-registered firms that provide services to mutual fund companies and investors – and allows investors to buy or sell any mutual fund.

Among the campaign expenses by Kamala Harris, there were two payments of $500,000 each to Harpo Productions, that was done on October 15, 2024, according to the Federal Election Commission filings. Winfrey is the chairwoman and CEO of that very company, according to the DailyMail UK. Therefore, it became quite clear that Winfrey had appeared on events in presence of Kamala Harris in exchange for money, and not just out of love and endorsement of the Democrat candidate. For Winfrey, it apparently was all business, and Harris also used up her war-chest to mislead the US voters, according to reports. However, these actions by Harris are the ones that landed her in millions of dollars in debt, something that has been take note of by US donors, who generously provided for the Democrat campaign, but it did not suffice due to overspending, and not staying within the campaign budget. This has led to the campaign staffers not receiving due money, which has taken the Harris team on the verge of bankruptcy, say reports.

Donald Trump won the US presidential elections 2024 quite convincingly that left Kamala Harris a mile behind, but that has initiated an FBI raid at the Polymarket CEO's house for allegedly accurately predicting the results of the US elections. Polymarket CEO Shayne Coplan's phone and electronics where ceased on Wednesday morning, which is the raid that comes a week after the betting platform was able to successfully predict Donald Trump's thumping victory against Democratic Party nominee Kamala Harris. This is being seen as a retribution by some, while Coplan woke up to the sound of FBI officers knocking at his door, demanding his phone and electronics according to The New York Post's report.

A battery manufacturer has selected Kentucky for a nearly $712 million project to produce industrial-sized batteries used to store and distribute energy

Will Smith and Jada Pinkett Smith were photographed together for the first time in six months during a dinner outing at Crossroads Kitchen in Calabasas, California, reported Page Six. The couple, Will Smith and Jada Pinkett Smith who have been separated since the year 2016 actually appeared pretty affectionate as they left the restaurant while Jada Pinkett Smith was wearing a brown Gucci bomber jacket and Will Smith was spotted in a casual gray ensemble. According to Page Six, this recent outing of Will Smith and Jada Pinkett Smith actually marks their first public appearance since the month of May, when they attended the premiere of ‘Bad Boys: Ride or Die’ with their children. Also Read: Is Donald Trump's inner circle feeling left out because of his close relationship with Elon Musk? Sources say Melania is a fan of Tesla CEO

Zomato’s CEO, Deepinder Goyal, had once opened up about his camaraderie with the co-founders of Swiggy, the major competitor in the food delivery space. Last year, in an engaging chat on The Ranveer Show with popular YouTuber Ranveer Allahabadia, Goyal shared insights into the nature of his interactions with Swiggy's leadership and his thoughts on the future of the food delivery industry.

Jaypee Infratech Ltd's Managing Director and Chief Executive Officer Aalok Champak Dave has resigned from the company citing personal reasons. Jaypee Infratech has appointed Abhijit Gohil as Chief Executive Officer (CEO) of the company. Mumbai-based Suraksha Group has taken control of Jaypee Infratech Ltd after winning the bid to acquire the latter through the insolvency process. Dave, who joined Suraksha Group in 2015, has been involved in the process of acquiring Jaypee Infratech for the last six years.

Deep breathing can be a simple and effective way to reduce stress