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Business

Qualcomm scraps $45 bn NXP deal after no response from China

San Diego-based chipmaker Qualcomm has walked away from buying Dutch firm NXP Semiconductors for $45 billion after the Chinese regulators did not grant last-minute approval to the deal.


Facebook lost $120 bn in market value over slow growth

Facing global backlash over the massive Cambridge Analytica data scandal, Facebook stock nosedived 20 per cent -- wiping over $120 billion off the company's market value -- after its revenue and user growth in the second quarter of 2018 fell short of investor expectations.


LATEST HEADLINES

Galgotias accused of displaying commercial robot as own at AI Summit; clarifies after backlash


Motorist dies after falling into roadside pit in Kerala's Thodupuzha; Minister orders probe


Telangana: Man sets woman on fire for 'rejecting' marriage proposal


Hassan: Two young men die in two-wheeler head-on collision in Channarayapatna


BEST bus catches fire on Mumbai's Western Express Highway, all passengers safe


Govt in talks with social media platforms on age-based restrictions, issue of deepfakes: Vaishnaw


Bhurtel, Airee fire as Nepal snap 12-year winless run in T20WC, beat Scotland by 7 wickets


Two college students on motorcycle killed, one teenage girl injured in accident


Om Birla attends swearing-in of new B'desh PM, says India stands ready to support BNP govt


Karnataka, France explore deeper ties in AI, aerospace, defence manufacturing


Ramadan to begin tomorrow in Saudi Arabia following crescent sighting


Tata-Airbus helicopter facility shining example of partnership in high-end manufacturing: Rajnath




Indian-US couple make $2 bn on sale of firm started with $2000

Syntel co-founders, Bharat Desai and his wife Neerja Sethi, have seen their rankings dive on the Forbes Richie Rich lists in the past few years. Desai, who was ranked the richest Indian-American in the World Billionaires list in 2014, came in at No. 1999 in the 2018 rankings. Similarly, Sethi ranked 21st on the magazine's list of America's 60 self-made richest women, down from rank 14 in 2015.

Equity market gains with Nifty closing over 11,000; rupee recovers from record low

 Hopes of political stability as the current government seemed confident of winning the trust vote in parliament lifted investor sentiments in the Indian equity market.

Weak rupee, global cues depress equity indices; rupee ends below 69 per dollar

Depreciation in the Indian rupee and domestic political uncertainty subdued the key Indian equity indices on Thursday.

EU slaps record $5 bn fine on Google, Pichai says will appeal

Accusing Google of illegally using Android mobile devices to strengthen dominance of its search engine, the European Commission on Wednesday imposed a record fine of 4.34 billion euros ($5 billion) on the tech giant, which said it would appeal against the decision.

Inflation, global cues depress equity indices; metal stocks slump

Rise in wholesale inflation rate and broadly weak global cues subdued the key Indian equity indices on Monday, with the Nifty50 on the National Stock Exchange (NSE) closing below the 11,000-mark.

RIL's market-cap re-enters $100-bn mark; shares hit 52 week high

Supported by a surge in share prices, stocks of Reliance Industries hit $100-billion market capitalisation (m-cap) mark on Thursday, for the second time after first reaching the landmark level on October 18, 2007.

Juventus online shop crashes hours after Ronaldo shirts put on sale

Juventus's online shop went down on Wednesday just hours after the Italian club released its new line of jerseys emblazoned with the number seven and the name of its latest signing, Portuguese superstar Cristiano Ronaldo, who has completed a $131.46 million transfer from Real Madrid.

Paytm launches forex services

Payments-wallet services provider Paytm on Wednesday said it has launched foreign exchange services in 20 international currencies.

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