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Business

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.

 


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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.

Govt cuts LIC IPO size to 3.5%, issue to hit markets in May 1st week: Sources

New Delhi: The government is likely to cut the size of the initial public offering of LIC to 3.5 per cent to raise around Rs 21,000 crore from the issue which would hit the capital markets in the first week of the next month.

Maruti hikes prices to offset impact of rising input costs

The country's largest carmaker Maruti Suzuki India (MSI) on Monday said it has increased prices of its entire model range with immediate effect in order to partially offset the impact of rise in input costs.

Maruti Suzuki to hike vehicle prices this month

The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said it will increase prices of its entire model range this month amid rise in input costs.

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