US to Roll Out Fund $50 Bn Chips Plan, Shifts Next Spring
The US-Biden administration circulated its strategy for sponsoring US output of semiconductors, with the initial phase of funding being turned out the next spring, Commerce...
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Arvind SmartSpaces Spurts After Quant MF Buys Stake
On the Bombay Stock Exchange (BSE), Arvind SmartSpaces jumped 9.02 per cent to Rs 244.65 after acquiring shares of Quant Mutual Fund’s 1.18 per cent...
Biocon Sells 5.4% Stake in Arm Syngene International
Drugmaker Biocon sold a 5.4% stake in its research unit Syngene International for just over Rs 1,220 crore in an open market transaction on Tuesday....
Wipro, Palo Alto Networks Collaborate for Network Transformation
On 6 September 2022, the company announced an expanded collaboration with Palo Alto Networks to deliver managed security and network transformation solutions like SASE (Secure...
Indian-Born Suella Barverman Is Appointed UK Home Secretary By Liz Truss
Suella Braverman, an Indian-origin barrister, was named the new Home Secretary of the United Kingdom by Liz Truss, the new British Prime Minister. The latter...
Microsoft Presents Teams Rooms Pro Plan, Free Basic Services
Microsoft is changing its working on Teams Rooms subscription plans, introducing innovative Teams Rooms Pro and Teams Rooms Basic plans for users. These new and...
Oil Drops to Lowest Level Since January as Demand Worries Grow
Concerns that a global downturn will reduce demand in Europe and the US at the same time that China’s Covid Zero campaign affects consumption caused...
Bharti Airtel Slips After Block Deals
Today, Bharti Airtel fell 1.48 per cent to Rs 750 on high volumes after multiple block deals. The company’s shares of Rs 10.4 crores or...
Ambuja Cement Hits New High Before Adani Group’s Open Offer Closes
Shares of Ambuja Cement hit an all-time high of Rs 446.50 in intraday trade on Wednesday, up 2% in intraday BSE trade, ahead of Adani...
Govt Tries to Relax IDBI Bank’s Public Shareholding Rules After Privatisation
The government has contacted the capital market regulator to ask IDBI Bank to relax its minimum public shareholding (MPS) norms for two years after privatisation,...