President Financial News

By Greg Torode

Buy or sell stocks for today: Selling pressure in pharma and IT sector stocks continue to dent bulls' attempt to outperform bears and Indian stock market ended mixed on Thursday. Nifty 50 index ended 9 points lower at 19,802 levels while BSE Sensex lost 5 points and closed at 66,017 mark.

cofounders of ecommerce platform Dealshare, have left the firm which has seen multiple rounds of job cuts and a business restructuring this year, people in the know told ET. While Rao “stepped down” from his role of chief executive in July and was supposed to work with the board for hiring a new CEO, he has now left Dealshare even as the company has yet to name his successor, several people aware of the matter said. Bora, who was chief operating officer, has also moved on from the company which is now shifting its non-tech functions to Gurgaon.

Mamata Banerjee said on Thursday that although plans were underway to expel Trinamool Congress MP Mahua Moitra, it would eventually help her before the elections — ending her silence over Moitra and making her party's stand clear following the recent 'cash for query' controversy. «She will benefit from the process. Now, she speaks inside Parliament.

MEXICO CITY (Reuters) — America Movil (NYSE:AMX), the Mexican telecommunications company controlled by billionaire Carlos Slim, on Thursday denied a report it is in talks with Argentine President-elect Javier Milei's team to buy Argentina's state telecoms company Arsat.

By Alexandra Valencia

(Reuters) -ChatGPT-maker OpenAI on Tuesday said it reached an agreement for Sam Altman to return as CEO days after his ouster, and also agreed in principle to partly reconstitute the board of directors that had dismissed him.

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BJP, senior leader Rajnath Singh has said. Talking to ET, Singh said that BJP fielded several parliamentarians for the assembly polls as the party felt that their candidature may prove crucial in winning elections. BJP has fielded around one-and-a-half dozen Lok Sabha MPs, including Union ministers, in Madhya Pradesh, Rajasthan, Chhattisgarh and Telangana. Singh has been addressing several rallies in the last few days in Rajasthan.

Registrars of Companies (RoCs) stepped up action after the 2019 decriminalization of various company law violations, resulting in a near fivefold jump in orders in just four years. These orders entail a penalty but no prosecution, easing the load on the judicial system and freeing up companies to focus on their business. Over 2019 and 2020, the government decriminalized over four dozen violations for faster adjudication of corporate defaults and lapses.

ALSO READ: Jeremy Hunt says UK economic growth forecast downgraded in blow to Rishi Sunak government Earlier in May, French President Emanuel Macron won 13 billion euros ($14.2 billion) of commitments at an event in the glittering Versailles palace, and for Sunak to emulate it, he will urge his business audience to show similar faith in Britain. Though they may take some persuading.

OpenAI took fewer than five days. All of which is very, very good for Microsoft Corp. After his shock termination last Friday, Altman returns to a startup with a clearer corporate direction.

In a world of rapidly changing geopolitical realities with growing uncertainty and instability, international trade is striving to cope with emerging challenges. After abrupt supply-chain disruptions during the pandemic, revealing global overdependence on China for trade as well as investment, national governments and corporates worldwide sought to diversify both and establish alternative supply chains.

BSP chief Mayawati on Thursday took a veiled dig at Rahul Gandhi, saying a senior leader of the Congress party is vociferously seeking a caste-based census now but the Congress governments in the past did not accept the demand of OBCs to provide reservation to them on the lines of SCs and STs. She also criticised the NDA government at the Centre for not giving separate quota to SC, ST and OBCs in the Women's Reservation bill which was recently passed in Parliament. Addressing an election rally at Peddapalli in Telangana, Mayawati recalled that those from most backward class had sought reservation benefits like SCs and STs, from the Congress, which was in power for a long period after India gained independence. «With a view to getting votes of SC, ST, OBCs, a senior leader of Congress is now campaigning in his election meetings that caste census should be conducted,» she said.

MHADA) is set to implement the final phase of work related to the Geographical Information System (GIS)-based asset and inventory management system that will help in managing the housing body's land and properties. Sanjeev Jaiswal, Vice President and Chief Executive Officer of MHADA has directed concerned authorities to initiate the implementation of this system from the beginning of the new year. According to Jaiswal, this system, based on GIS, would prove to be a boon for the future housing development projects and land management sectors of MHADA. This system will provide immediate access to information regarding the housing body's current land holdings, potential development on land, encroachments, reservations, and available vacant lands, empowering efficient land management. The GIS-based asset and inventory management system will enable comprehensive surveys and assessments of various housing society properties in Mumbai and across the state through GIS mapping. Moreover, satellite imagery will be used to capture accurate representations of structures on existing lands, facilitating precise instructions for site locations, along with the inclusion of satellite images acquired from satellites to enhance accuracy. Jaiswal suggested expanding the scope of these directives by incorporating information on redevelopment projects covered under Regulation 33/5, 33/7, and 33/9, from inception to the current status and the future prospect of the project, into the system.

Chaurasia has joined Infosys as an associate vice president and will be leading the engineering services for aerospace, automotive, discrete & turbo machinery domains in Europe. He is based in Germany. Chaurasia is moving in from Accenture Industry X, where he led the aerospace & defence domain, along with important clients across automotive & discrete manufacturing domains.

By Daniel Trotta

By Jorge Otaola

First Quantum Ltd.’s copper mine in Panama is winding down operations as a blockade of small boats at a port restricts key supplies such as coal for energy, a union leader said.

Volvo India aims to have 50 per cent of its vehicles to be powered with non-fossil fuels by 2030, a senior company official said on Thursday. While speaking at Digital Acceleration and Transformation Expo (DATE), Volvo Group President and Managing Director in India Kamal Bali said that the company has set a target to become net zero in terms of carbon emission by 2040.

Russia's parliament has approved a federal budget that increases spending by around 25% in 2024-2026 and devotes a record amount to defense