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Business

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.


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.


LATEST HEADLINES

Congress cites Maniben Patel's diary entries, asks Rajnath to apologise for Babri claim


Probe into Zubeen's death almost complete, charge sheet to be filed on Dec 12: Assam Police


Russia unleashes massive drone, missile attack on Ukraine as diplomatic talks continue


RSS man's defamation case against Rahul: Key witness unavailable, hearing adjourned to Dec 20


CM Siddaramaiah labels Kumaraswamy 'Manuvadi" over Bhagavad Gita curriculum push


Five suspects held for alleged murder of Congress activist Ganesh Gowda in Chikkamagaluru


Rajasthan: Nursing student found dead with slit throat in Khairthal-Tijara district; accused held


India, US trade team to start three-day talks from Dec 10: Sources


Shivakumar clarifies on Cartier watch, hits back at BJP leader


Bill to regulate deepfakes tabled in Lok Sabha


Russian military hardware, spare parts for Indian military to be manufactured in India


Indigo flights chaos: SCR to run special trains to clear passenger rush




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.

TCS net up 23.5%, revenue up 15.8% in Q1

Global software major Tata Consultancy Services (TCS) on Tuesday reported Rs 7,340 crore consolidated net profit for the first quarter of fiscal 2018-19, registering 23.5 per cent annual and 6.3 per cent sequential growth.

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