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Business

Elon Musk sells USD 3.58B worth of Tesla stock, purpose unknown

Elon Musk sold another USD 3.58 billion worth of Tesla stock this week, but it wasn't clear where the proceeds were being spent.

 


Low demand for computers: HP to lay off 6,000 employees by 2025-end

Hewlett-Packard (HP) has said that more than 6,000 of its staff members might be laid off by the end of the fiscal year 2025 and cut down on its workforce globally by around 12 per cent.


LATEST HEADLINES

India's neighbours wanted to break up Assam but Modi govt shattered their dreams: Fadnavis


UP: Man kills wife, 2 kids, dies by suicide over Eid gift dispute


Delhi CM asserts zero tolerance to corruption


4 arrested in Delhi drug bust; cocaine, MDMA worth Rs 1.1 crore seized


CM Sai says Chhattisgarh now 'free' of Naxalism, hails March 31 as historic day for state


Fire in Mumbai hospital; no casualty


World becoming more multi-polar, democratisation of global order underway: Jaishankar


Cong has brute majority; winning bypolls will let them to 'do more corruption': Yediyurappa


Surjewala slams Modi govt over price rise


RCB calmer than last year, players clear about their roles: Krunal Pandya


Samrat Samprati Museum's message important for world facing instability & unrest: PM Modi


Rahul Gandhi alleges PM Modi wants LDF to win Assembly elections in Kerala




Amazon CEO says layoffs will extend into next year

The mass layoffs that began in Amazon's corporate ranks this week will extend into next year, CEO Andy Jassy said on Thursday.

 

Amazon plans to lay off 10,000 people in coming days: Report

Technology giant Amazon plans to lay off 10,000 people in the coming days, adding to the bloodbath being witnessed in the technology world after Twitter and Facebook parent Meta significantly trimmed their workforces.

Elon Musk sells USD 3.95 billion worth of Tesla stock

Twitter's new owner and Tesla CEO Elon Musk has sold nearly USD 4 billion worth of Tesla shares, according to regulatory filings.

Twitter delaying changes to check mark badges after US midterm elections: Report

Twitter is planning to defer the rollout of the verification check marks to its subscribers of the new USD 7.99 a month subscription service until after Tuesday's midterm elections in the US, amid concerns over the spread of false information, a media report has said.

 

Oil giant Saudi Aramco has USD 42.4B profit in third quarter

Oil giant Saudi Aramco on Tuesday reported a USD 42.4 billion profit in the third quarter of this year, buoyed by higher global energy prices.

Sebi bans Mehul Choksi from capital market for 10 yrs; slaps Rs 5 cr fine for manipulating trades

New Delhi: Sebi on Monday barred fugitive businessman Mehul Choksi from the securities markets for 10 years and imposed a fine of Rs 5 crore on him for indulging in fraudulent trading in the shares of Gitanjali Gems Ltd.

 

Rupee falls 12 paise to close at 82.33 against US dollar

New Delhi: The rupee fell by 12 paise to close at 82.33 against the US dollar on Wednesday due to sustained foreign fund outflows and a stronger dollar in the overseas markets.

 

Adani announces Rs 65,000 cr investment in Rajasthan

Richest Asian Gautam Adani on Friday announced a Rs 65,000 crore investment in Rajasthan over the next 5 to 7 years in setting up a mega 10,000 MW solar power capacity, expanding cement plant, and upgrading Jaipur airport.

 

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