Reports Financial News
19.02 / 03:11
UPS
CEO
Platform
Tesla
wellness
reports
elon
Suggestion for Musk: Change name to Elon 'Bhai' to set up Tesla factory in India, says Nothing Phone CEO Carl Pei
Carl Pei Yu, a Chinese-Swedish entrepreneur, has suggested Musk change his username to "Elon Bhai" on the X platform in order to build a Tesla factory in India. Pie himself has changed his X username to 'Carl Bhai'. "Elon Musk did you really think you could build a Tesla factory in India without changing your username to Elon Bhai?" Carl Pie wrote.
19.02 / 03:11
security
Death
President
Freedom
social
reports
Russia: Alexei Navalny's wife makes her first post on social media after husband's mysterious death in prison
A post shared by Юлия Навальная (@yulia_navalnaya) Kira Yarmysh, the spokesperson for the late Russian opposition leader, confirmed Navalny's death and demanded that his body be handed over to his family "immediately." Yarmysh also accused Russian officials of lying to delay the process, CNN reported. Yarmysh's statement comes after the Russian prison service said that Russian President Vladimir Putin's critic, Navalny, died on Friday after he felt 'unwell' during a walk in his prison and fell unconscious. The cause of his death is not clear.
19.02 / 03:11
markets
Provident
CEO
Action
NVIDIA
Trade
reports
SoftBank stock rises on CEO Masayoshi Son’s plan for $100 billion chip project
Masayoshi Son considers the creation of a $100 billion chip venture that would supply AI-enabling semiconductors. Shares in the Tokyo-based tech investor gained as much as 3.2 percent after Bloomberg News reported the 66-year-old billionaire is seeking funding for a foray into AI chips to compete with Nvidia Corp. The project, code-named Izanagi, would be aimed at building an AI chip venture that would complement Arm Holdings Plc, the chip design company in which SoftBank holds a majority stake.
19.02 / 02:05
Citi
Death
President
show
reports
politician
Over 300 detained in Russia as country mourns the death of Alexei Navalny, Putin's fiercest foe
detained in Russia while paying tribute to opposition leader Alexei Navalny, who died at a remote Arctic penal colony, a prominent rights group reported Sunday. The sudden death of Navalny, 47, was a crushing blow to many Russians, who had pinned their hopes for the future on President Vladimir Putin's fiercest foe. Navalny remained vocal in his unrelenting criticism of the Kremlin even after surviving a nerve agent poisoning and receiving multiple prison terms.
19.02 / 01:39
Citi
Celebrity
Pride
country
reports
Schools
Colleges
Karnataka Deputy CM Shivakumar calls for regaining state banking legacy
banking legacy of Karnataka which has disappeared due to the recent bank mergers. Speaking at the centenary celebrations of Karnataka Bank here, he said, «Karnataka was the cradle of banking in India. Unfortunately, many legacy Karnataka banks such as Syndicate Bank, Vijaya Bank, and Corporation Bank have been merged with other banks. I call upon banks like Karnataka Bank to bring that glory back to Karnataka.» «I urge Karnataka Bank to bring back the glory and pride of the banking legacy in Karnataka. The banking has a rich history in the region and don't forget the road you have taken to reach here,» he said after releasing a Rs 100 coin and a stamp to commemorate the centenary celebrations of Karnataka Bank.
19.02 / 01:39
markets
UPS
coinbase
wellness
Bitcoin
audience
reports
Small investors starting to tiptoe back into crypto
investors have started to ease back into crypto, even if they are not yet rushing in headfirst the way they did during the last bull market three years ago. At the biggest US crypto exchange, Coinbase Global Inc, net consumer transaction revenue rose 60% in the fourth quarter from the year-ago period, and 80% over the third quarter, according to shareholder letter released Thursday. At Robinhood Markets Inc., which reported on Tuesday and is focused on retail users, crypto notional volumes in December jumped by 242% from a year ago, the company said.
19.02 / 01:25
Digital
Fighting
Death
President
voice
reports
Nikki Haley condemns Donald Trump's silence on Alexey Navalny's death: ‘bone-chilling ...all he did was empower Putin’
Nikki Haley assailed Donald Trump’s foreign policy, condemning criticized Donald Trump's approach to foreign policy, particularly highlighting his failure to speak out against the death of Russian opposition figure Alexey Navalny. As reported by Bloomberg, Hayley said Sunday on ABC’s This Week, “Either he sides with Putin and thinks it’s cool that Putin killed one of his political opponents, or he just doesn’t think it’s that big of a deal.
19.02 / 00:49
UPS
Trade
country
reports
Schools
rights
Investigations
Investors flag Byju’s failure to recover Rs 1,400 crore from reseller
investors have raised red flags over the management's failure to recover about Rs 1,400 crore from a Dubai-based reseller, More Ideas General Trading LLC, while paying out Rs 300 crore in sales commissions at a time when the debt-laden edtech firm is battling a severe fund crunch. Byju’s has, however, disputed the investors’ claim. In an Extraordinary General Meeting (EGM) notice, a copy of which ET has reviewed, the investors said the company's value has eroded due to the management's neglect in enforcing its legal rights.
19.02 / 00:49
Airlines
Entertainment
Trade
stars
reports
rights
cricket
Stocks in news: Paytm, Sula Vineyards, ZEE, Omaxe, SpiceJet
In today's trade shares of Paytm, Sula Vineyards, ZEE, Omaxe and others will be in focus due to various developments
19.02 / 00:49
War
reports
Department
peace
International
Rebutting Biden again, Israeli cabinet unanimously reject Palestinian statehood
Israeli cabinet unanimously approved a declaration strongly opposing any plan for Palestinian statehood, the Times of Israel reported. This comes in the wake of reports that the US and several Arab partners were preparing a detailed plan for a comprehensive peace deal between Israel and the Palestinians that includes a «firm timeline» for a Palestinian state.
19.02 / 00:15
markets
Enterprise
Healthcare
performer
hospital
reports
International
stake
EQT, TPG and KKR eye majority stake in HCG
EQT (formerly Baring PE AsiaEQT), TPG Capital and KKR are among those evaluating the acquisition of a controlling stake held by CVC Capital in Bengaluru-based specialty cancer hospital chain Healthcare Global Enterprises (HCG), sources told ET. A rising middle-class and an aging population have boosted demand for private medical services across Asia, which in turn, is seeing massive consolidation and heightened deal activity in the healthcare sector. Luxembourgbased CVC manages €188 billion of assets and is also owner of the Gujarat Titans’ IPL franchise, international rugby union, Women’s Tennis Association and top football properties such as Spain's La Liga or consumer brands like Lipton Teas, Peruvian cash management company Hermes, among others.
18.02 / 23:55
18.02 / 21:57
markets
UPS
Reuters
Manufacturing
President
reports
US to relax EV rule on tailpipe emissions: Report
Joe Biden's administration intends to relax limits on tailpipe emissions that are designed to get Americans to move from gas-powered cars to electric vehicles, the New York Times reported, citing people familiar with the plan. The administration would give car manufacturers more time instead of requiring them to rapidly ramp up sales of electric vehicles over the next few years, the report said, adding that the new rule could be published by early spring. The shift would mean that EV sales would not need to rise sharply until after 2030.
18.02 / 21:57
Racing
Netflix
Oscar
show
stars
reports
Videos
Vikings season 6 release date on Netflix: After The History channel, Prime Video, show is set to premier on streaming giant
While the first part of 'Vikings' season 6 and other installments are part of The History channel library, the second part of the sixth season will be released on Prime Video, as per a report in WhatsOnNetflix.
18.02 / 21:57
markets
Aware
wellness
Corona
country
reports
Japanese Co Kirin to invest $25m more in B9 beverages
Kirin Holdings is investing $25 million (about ₹205 crore) to buy an additional minority stake in B9 Beverages, the maker of craft beer Bira 91 and owner of pub chain Beer Cafe, executives aware of the development said. The transaction, made through purchase of fresh shares, will boost Kirin's holding in B9 Beverages beyond the current nearly 20%, the executives said requesting anonymity. Another American financial investor is also close to investing $25 million for an additional stake in B9 Beverages, which is expected to be closed in the coming weeks, said one of the executives cited above. The person did not identify the investor. The fresh investments of $50 million (₹410 crore) are being done at a pre-money valuation of $600 million. Tokyo-listed Kirin Holdings had invested ₹570 crore in the beer company in late 2022, raising its stake to 20%, valuing the beer maker at $600 million. Launched in 2015, B9 Beverages sells craft, lager and strong beer across brands like Bira White, Gold and Boom. It has a presence in 24 countries and operates six breweries. Ankur Jain, B9 Beverages chief executive, and Rahul Singh, chief executive and founder of The Beer Cafe, could not be reached for comments.
18.02 / 21:57
markets
FIVE
Cooper
innovations
reports
recommendations
Farmers' Protest: Govt proposes various measures including MSP-related deals; farmers to respond today
Piyush Goyal proposed multiple solutions to address the concerns of protesting farmers in the fourth round of talks held in Chandigarh on Sunday. The minister representing government proposed a five-year deal with the farmers to buy pulses and cotton at minimum support price (MSP). «We have together proposed a very innovative, out-of-the-box idea...The govt promoted cooperative societies like NCCF (National Cooperative Consumers' Federation of India) and NAFED (National Agricultural Cooperative Marketing Federation of India) will form a contract and buy products from the farmers on MSP. There will be no limit on the quantity,» he said, post the meeting with the farmer leaders.
18.02 / 21:57
18.02 / 19:25
Manufacturing
Volkswagen
economy
BASF
reports
rights
International
MNCs in China rethink their Xinjiang connect
Volkswagen is reviewing the future of its joint venture in the Xinjiang region of northwestern China and another German industrial giant is starting to sell its stakes there following new international scrutiny of forced labor by predominantly Muslim ethnic groups. Volkswagen said last week that it was in discussions with one of its main joint venture partners in China, the state-owned Shanghai Automotive Industry Corp., in the wake of allegations of human rights violations at their joint venture in Xinjiang.
18.02 / 19:25
MET
Election
Food
RAI
reports
Find a solution before model code of conduct: Farmers to govt
government should accept the demands of farmers before the Model Code of Conduct for the Lok Sabha elections comes into force. Ahead of the fourth round of meeting between farmers' union leaders and the Centre, farmer union leader Dallewal told reporters at the Shambhu border point, «We want to tell the government that it should avoid dilly-dallying. If the government thinks it will continue to hold meetings till the model code is imposed, and then say it cannot do anything as the code is in force… the farmers are not going to return, he said. Punjab Chief Minister Bhagwant Mann was also present at Sunday's meeting. A group of Union ministers, including griculture minister Arjun Munda, food minister Piyush Goyal and Minister of State for Home Affairs Nityanand Rai, held a fresh round of talks with farm leaders on Sunday in Chandigarh over their demands. The two sides had also met on February 8, 12 and 15 but the talks remained inconclusive.
18.02 / 19:25
18.02 / 19:25
UPS
trends
Trade
performer
track
reports
India's current account deficit likely at below 1% of GDP in FY24
current account deficit (CAD) estimates for FY24. Capital inflows through both foreign direct investment (FDI) and portfolio flows are expected to improve during the rest of the fiscal. But potentially higher foreign exchange inflows may not mean a stronger rupee as the central bank could take this opportunity to shore up its reserves.
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