Vantage Towers shares rise after Elliott takes 5.6% stake

By Scott Kanowsky -- Frankfurt-listed shares in Vantage Towers AG (ETR:VTWRn) touched a record high on Tuesday after activist hedge fund Elliott Management disclosed that it had taken a 5.61% stake in the Germany-based phone masts...

U.S. shares higher at close of trade; Dow Jones Industrial Average up 1.09% – U.S. equities were higher at the close on Tuesday, as gains in the Basic Materials, Consumer Goods and Industrials sectors propelled shares higher. At the close in NYSE, the Dow Jones Industrial Average added 1.09%, while the S&P 500...

FleetCor seen benefiting from 2022 deals and freight turnaround

By Liz Moyer -- FleetCor Technologies Inc (NYSE:FLT), a maker of digital payments solutions software for businesses, will benefit from its customer acquisition activity in 2022 and an expected rebound in freight later this year,...

Electronic Arts delivers softer guidance as revenue misses in Q3

By Yasin Ebrahim -- Electronic Arts reported Tuesday a mixed fiscal third quarter as revenue fell short of Wall Street estimates and the video game company delivered fourth-quarter guidance that trailed expectations. Electronic...

Union Budget 2023-24: Key expectations from the Global Capability Center sector

Union Budget 2023: Pivoting through the challenges brought on by the pandemic, GCCs have demonstrated their resiliency and ability to meet the expectations of the headquarters on time and at scale.

Adani pulls through with $2.5 billion share sale amid a stock-market storm sparked by Hindenburg's fraud allegations

Indian billionaire and founder Gautam Adani successfully secured funding for more than 90% of the shares on offer on Tuesday.

Economic Survey 2023: Spur reverse flipping by start-ups

Flipping is when an Indian company transforms into a 100% subsidiary of a foreign entity, after it has moved its headquarters overseas, including a transfer of its intellectual property (IP) and others.

WhatsApp Will Not Work on THESE Old Phones From Today | Check Full List Here

The devices running on OS versions older than these will no longer support WhatsApp.

Reliance announces tie-up with Lanka-based biscuit brand

RCPL launched its packaged consumer products brand, ‘Independence’ in December 2022 and is creating a distinct and dedicated retail distribution network for its fast-expanding FMCG portfolio.

Economic Survey confirms narrowing of fiscal space in 2023-24

The Survey notes that multilateral organizations such as the IMF have projected India’s 2024-25 growth at 6.8%.

At Rs 1.55 lakh crore, January GST collections second-highest yet, increase 24% from year-ago period

Ministry of Finance said t​The total amount collected by 5 PM on January 31st, 2023 reached Rs 1,55,922 crore, with Rs 28,963 crore in Central GST (CGST), Rs 36,730 crore in State GST (SGST), Rs 79,599 crore in Integrated GST (IGST) including Rs 37,118 crore collected on the import of goods, and Rs 10,630 crore in cess including Rs 768 crore collected on the import of goods

Big-ticket investors ensure Adani FPO 112% subscribed

Support from high networth investors ensured India’s biggest follow-on public offering (FPO), the Rs 20,000-crore Adani Enterprises’ (AEL) issue, achieved full subscription on the last day of bidding. However, there was a tepid response from retail investors and employees. The flagship of the Adani Group received total bids for 5.1 crore shares, against the offer size of 4.6 crore shares, on January 31, the third and final day of retail bidding,...

Economic Survey 2023: Ahead of Budget 2023, India sees fall in education expenditure for first time in over a decade

Mumbai: For the first time in more than a decade, the government's annual spending on education has seen a dip, instead of its usual incremental growth, the Economic Survey 2023 report shows. According to the report, which was tabled ahead of Union Budget 2023 by Finance Minister Nirmala Sitharaman in Parliament on Tuesday, the combined spending of...

Natural gas flat after 21-month low as bears retain large hold on market

By Barani Krishnan -- The bears in natural gas aren’t throwing in the towel yet as the debate rages on whether the market has bottomed ahead of the arrival of delayed winter chills. New data pointing to higher production of dry gas also...

Stock market today: Dow climbs to end January in green; Fed decision eyed

By Yasin Ebrahim -- The Dow climbed Tuesday, to end the month in the green as investors digested a slew of mostly better-than-expected results just as focus shifts to the Federal Reserve decision due Wednesday. The Dow Jones Industrial...

Most Adani stocks gain, group mcap up by Rs 32,320 cr

Adani Total Gas slid another 10% after slipping 20% on Monday. Similarly, Adani Power and Adani Wilmar continued their dismal run and were down 5% each, hitting the lower circuit, as in the previous session.

ChatGPT parent OpenAI faces a blockchain rival as a new NFT project creates 3D avatars from text

CharacterGPT users will be able to type in text to generate responsive characters with "unique personalities, identities, traits, voices, and bodies."

Union Budget 2023: Will movie ticket prices, OTT platform subscription get more costly? Know speculations

The entertainment industry has several expectations from the Union Budget 2023 which is set to be announced in the Parliament in February

Aadhaar Card Update: Not Happy With Your Existing Aadhaar Card Photo? Check Step-by-Step Guide Here to change

Aadhaar Card Update: In this article, we have provided you with the easiest steps to change/update your Aadhaar card photo on the Aadhaar card.

Rs 21.5 lakh crore loans under Mudra scheme sanctioned since launch: Economic Survey

Credit and finance for MSMEs: The scheme enables credit for income-generating activities in manufacturing, trading, and service sectors, including activities allied to agriculture such as poultry, dairy, beekeeping, etc.

Chandigarh Police to change decade-old analog wireless network, set to go digital

The Delhi Police recently shifted to OS-DTRS from its old tetranet wireless network services. The analog wireless network services were being used by the Chandigarh Police for the last five decades.

Midday movers: General Motors, McDonald's, Pfizer and more

By Liz Moyer -- Stocks were moving higher as tech stocks led the gains, aiming to close out January on a high note. Here are the midday movers for Jan. 31. General Motors Company (NYSE:GM) shares jumped 8% after the automaker beat...

FOMC decision, jobs data, Meta Platforms earnings: 3 things to watch

By Liz Moyer -- Stocks were rallying ahead of tomorrow's Federal Reserve decision on interest rates as the S&P 500 was on pace for its strongest January since 2019. Tech stocks are leading the indexes higher as investors await...

Western Digital reports mixed Q2; Apollo Global, Elliott make $900M investment

By Yasin Ebrahim -- Western Digital reported Tuesday mixed second-quarter results as losses were wider than expected but revenue beat estimates. The quarterly results were overshadowed by hopes of a turnaround as private...

7th pay commission: What is Dearness Allowance? Good news likely for government employees, pensioners soon

Know what is dearness allowance and will there be an hike in the DA ahead of budget 2023

ChatGPT's massive hype has made these 5 artificial intelligence stocks some of the hottest on the market

"We believe Nvidia has in ChatGPT a potentially meaningful compute demand driver," Citigroup analysts said recently.

Over 100 MSMEs in these sectors among PLI beneficiaries as of December 2022: Economic Survey

Ease of doing business for MSMEs: The survey said the scheme will benefit MSMEs as the anchor units built in every sector will require a new supplier base in the entire value chain.

We can expect good rise in capital formation by private sector in coming fiscal: CEA

Compared to 2005 and 2021, public debt in India has gone up far lower than what has happened in several other countries and in the last three to four years, we have had to naturally increase debt and deficit ratios because the denominator went down and the numerator had to be ramped up because of the pandemic response, Dr Nageswaran says

An under-the-radar economic indicator is flashing a warning not seen since the 2008 financial crisis

Demand dropped for cardboard boxes at a time when elevated inflation and high interest rates started to impact the spending habits of consumers.

Focus will be on rural and semi-urban mkts: Bandhan Bank

Pune: The Kolkata-based private lender Bandhan Bank’s MD and CEO, Chandra Shekhar Ghosh, said in an interaction with TOI that the bank will retain its focus on rural and semi-urban markets to expand its business, as well as small lending and the MSME segments over the next few years.Ghosh was speaking at a roundtable in Pune to outline the bank’s p...

'Biggest investment in Israel': Adani takes handover of Haifa Port from Israeli PM Netanyahu

In July 2020, Adani Ports in partnership with Israel's Gadot Group secured 100% rights in Haifa Port Company Ltd, which operates Haifa Port. The port handles half of Israel’s cargo containers and is one of the two main commercial ports there.

Teachers rejoice! ChatGPT creators have released a tool to help detect AI-generated writing

Amid concerns that ChatGPT makes it easier for students to cheat, the company behind the buzzy AI bot released a way to detect its writing.

Bhopal: Sahara company dupes businessman of Rs 96 lakh

Bhopal (Madhya Pradesh): A businessman was lured into investing money to get better returns and was asked to deposit money in Sahara India Financial Corporation Ltd. The man lost Rs 96 lakh on the assurance of the company officials, said MP Nagar police here on Tuesday. More than 83 investors have been cheated in a similar manner and the amount the...

Adani fiasco pushes India out of top 5 countries by market capitalisation

The Hindenburg report has wiped out more than Rs 5.5 lakh crore from Adani Group's market cap and pushed Gautam Adani to the 11th position from the third place in the global rich list. But the rout among most Adani Group firms except for Adani Enterprises and Adani Ports, also hit Indian markets, which closed on a flat note after modest losses on T...

Tesla's valuation has 'returned to Earth' so it's time to start buying stock in Elon Musk's EV maker, Berenberg says

Tesla CEO Elon Musk's distraction with Twitter and COVID demand risks in China seem loaded into the share price, Berenberg analyst Adrian Yanoshik said.

Amazon, Apple, Alphabet and Meta to report earnings this week – What to expect

Wall Street is in one of its busiest weeks of the year.

The biggest risk to the market is no recession at all in 2023, JPMorgan strategist says

"Unfortunately, [at that point] you're back into a world where both bonds and stocks would go down together," JPMorgan's Mike Bell told Bloomberg TV.

Pre-Budget expectations 2023: Top 7 things the education sector needs

The public expenditure on education which was envisaged by 1968, 1986 and 1992 policy was 6% but we are still not close to achieving this number even after three decades.

Railway Budget today: Experts expect more funds for city-centric projects

Indore (Madhya Pradesh): The railway passengers and experts expect more funds for the ongoing city-centric railway projects in the Union Budget 2023-24, scheduled to be presented in Lok Sabha on Wednesday. Railway ministry has approved these projects. While construction work is going on at some sites, gauge conversion of Mhow-Omkareshwar Road Railw...

Economic Survey 2023: Need of the hour is for regulations around unbanked crypto assets

Going by insights from the Economic Survey, it highlighted the presence of volatility around crypto assets market

TikTok's CEO will appear before Congress after heightened warnings of a US-China war. He'll need all his diplomatic genius.

The CEO of the video app is preparing to address Washington's concerns over data privacy and security as the US gets more hawkish on China.

Union Budget 2023 – Key expectations of Corporate India

Union Budget 2023: the forefront of corporate India’s expectations is an extension in the dates to avail the 15% concessional corporate tax rate currently available to manufacturing companies, which commence production before March 31, 2024.

Public capex to make debt sustainable

"Centre should continue to incentivise states for reforms and higher capital spend"

Subway's late cofounder will give half the company to a charity where his 2 sons work, amid reports the chain is considering a sale

On Tuesday, Peter Buck's private foundation said that it was receiving Buck's 50% stake in the chain. His two sons work at the foundation.

Oil mixed ahead of U.S. inventory data, Fed and OPEC meetings

By Barani Krishnan -- Crude prices settled mixed on Tuesday as expectations for a U.S. inventory drop and a smaller Federal Reserve rate hike for February faced off with negative connotations linked to a likely OPEC+ decision to keep...

How Nifty 50 moved from Budget to Budget in last 5 years

In the last five years, the Indian share markets have typically rallied in double digits from Budget to Budget.

Homebuilder stocks surge after earnings reveal improving demand from buyers despite high mortgage rates

I think this improvement attests to the ongoing desire for homeownership that exists in this country," PulteGroup CEO Ryan Marshall said.

Bhopal: Obsolete computers at police station to be replaced in 2 years

Bhopal (Madhya Pradesh): The outdated, overloaded computers at 1,100 police stations of the state will be replaced in two years, said officials here on Tuesday. The computers are in bad condition because of their poor maintenance. In some police stations, there is no proper place to keep computers. The computers were installed under Government of I...

UK gets its first-ever Indian drive-thru restaurant in Manchester

Popular street-food chain Chaiiwala opened a drive-thru outlet in the town of Bolton, in the Greater Manchester area

AMD shares rise after Q4 report that beat expectations for revenue, EPS

By Liz Moyer -- Advanced Micro Devices Inc (NASDAQ:AMD) beat expectations for fourth-quarter revenue and profit and forecast current-quarter revenue that was in line with expectations. The chip maker reported fourth-quarter revenue of...