Investment Archives - Page 76 of 105

Investment

September 14, 2024 10:45 AM

OpenAI’s stunning $150 billion valuation hinges on upending corporate structure, sources say

OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate s...

September 13, 2024 4:38 PM

Sensex, Nifty end lower after record highs

India’s benchmark indices closed marginally lower on Friday, after reaching their record highs in the previous session. The Sensex dropped 71.77 points, or 0.09%, to settle at 82,890.94, while the Nifty slipped 32.40 points, or 0.13%, closing at 25...

September 13, 2024 5:02 PM

Nine European countries protest against IMF resuming missions to Russia

Nine European countries protested on Friday against the International Monetary Fund's plans to resume missions to Russia, saying it would damage the reputation of the Fund to resume dialogue with a country that has invaded another. After Moscow's al...

September 12, 2024 10:58 PM

ECB cuts interest rates as growth dwindles

The European Central Bank cut interest rates again on Thursday and signalled a "declining path" for borrowing costs in the months ahead as inflation slows and economic growth in the euro zone falters. The ECB lowered its deposit rate by 25 basis poi...

September 12, 2024 4:58 PM

Sensex, Nifty hit fresh all-time highs amid broad-based rally

India’s benchmark indices surged to record highs on Thursday, driven by board-based buying across sectors and strong investor confidence. The Sensex soared 1,439.55 points to close at an all-time high of 82,962.71, while the Nifty jumped 395.40 po...

September 12, 2024 2:47 PM

TN govt signs MoU with U.S. machinery manufacturer Caterpillar

U.S. machinery manufacturer Caterpillar will expand its equipment manufacturing facilities in Tamil Nadu, Chief Minister MK Stalin said on Thursday. In a post on X, Stalin announced the signing of a memorandum of understanding (MoU) between the Tami...

September 11, 2024 5:20 PM

Piyush Goyal launches Trade Connect e-platform to support exporters

In a bid to support Indian exporters, MSMEs, and entrepreneurs, Commerce and Industry Minister Piyush Goyal on Wednesday launched the Trade Connect e-platform. The platform is designed to facilitate connections between Indian businesses and key stak...

September 11, 2024 4:53 PM

Sensex, Nifty decline on profit booking

India's benchmark indices closed lower on Wednesday, weighed down by profit booking and broad declines across key sectors such as media, metals, PSU banks, real estate, and oil and gas. The Sensex fell 398.13 points, or 0.49%, to 81,523.16, while th...

September 11, 2024 3:51 PM

India to soon launch expanded semiconductor program Semicon 2.0: Ashwini Vaishnaw

The Indian government will soon unveil the Semicon 2.0 program, an expanded version of the current initiative aimed at boosting the country’s semiconductor ecosystem, Union Minister for Electronics and Information Technology Ashwini Vaishnaw said o...

September 11, 2024 9:25 AM

CEOs hail Modi govt’s effort for semiconductor ecosystem, terming it ‘Never-before-seen level of efforts’

The Semiconductor Executives, after meeting Prime Minister Narendra Modi, hailed the government's efforts for showing unprecedented enthusiasm for the development of the semiconductor ecosystem, saying that it is a "never-before-seen level of industr...

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