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Business

Reliance Jio top bidder with Rs 88,078 cr bid for 5G; Adani acquires airwaves worth Rs 212 cr

New Delhi: Billionaire Mukesh Ambani's Reliance Jio on Monday emerged as the largest bidder for the 5G spectrum, acquiring close to half of all the airwaves sold in the latest auction for Rs 88,078 crore.

 


Jio, Airtel, Adani pour Rs 1.45 lakh crore bids for 5G spectrum on Day 1

New Delhi: Firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani bid about Rs 1.45 lakh crore to buy fifth-generation (5G) airwaves on the opening day of India's largest-ever spectrum auction on Tuesday.


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Rupee falls 7 paise to all-time low of 80.05 against US dollar in early trade

Mumbai: The rupee depreciated 7 paise to an all-time low of 80.05 against the US dollar in early trade on Tuesday tracking the strength of the American currency and firm crude oil prices.

 

Rupee drops to record low of 79.62 against US dollar

The rupee depreciated by 3 paise to close at a record low of 79.62 (provisional) against the US currency on Wednesday following a firm dollar in overseas markets and losses in the domestic stock markets.

Rupee settles at record low of 78.32 against dollar on forex outflows

Mumbai: The rupee on Thursday closed at its all-time low of 78.32 against the US dollar as strong American currency and persistent foreign fund outflows weighed on investor sentiments.

 

Elon Musk seeks to cut 10% of Tesla workforce: Report

New York: Tesla shares tumbled about 9% Friday on a report that CEO Elon Musk is considering laying off 10% of the company's workers, as well as new questions from U.S. regulators over complaints of the electric vehicles braking for no reason.

 

Elon Musk hints at paying less for Twitter than his USD 44 billion offer

Tesla CEO Elon Musk gave the strongest hint yet Monday that he would like to pay less for Twitter than his USD 44 billion offer made last month.

Adani to acquire Holcim's India cement assets for USD 10.5 billion

New Delhi: Asia's richest man Gautam Adani's group on Sunday said it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 billion, marking the ports-to-energy conglomerate's entry into the cement sector.

 

Elon Musk sells $4 billion in Tesla shares, presumably for Twitter deal

 Elon Musk has sold 4.4 million shares of Tesla stock worth roughly 4 billion, most likely to help fund his purchase of Twitter.

Elon Musk has an agreement to acquire Twitter for about $44 billion

Billionaire Elon Musk has reached an agreement to acquire Twitter for approximately 44 billion, the company said.

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