Sachin Bansal-led Navi Technologies has filed draft papers for an initial public offering (IPO) with Sebi. The IPO comprises of fresh equity issue of up to ₹3,350 crore, according to the draft offer document. Sachin Bansal’s Navi Technologies is a technology-driven financial products and services company in India focusing on the digitally connected young middle-class … Read more
President Joe Biden has signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should create its own digital currency United States (U.S.) President Joe Biden on Wednesday signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether … Read more
Apple Inc on Tuesday announced a range of new products at its first event of 2022, including a low-cost iPhone SE with 5G network and M1-chip powered iPad Air. The American technology giant also introduced the M1 Ultra, a new addition in the M1 chip line-up. It is a high-performance chip, which will power its … Read more
Warren Buffett is back among the richest five people in the world amid steep drops in tech stocks that are eroding the wealth of Silicon Valley executives. Buffett’s fortune has grown 7.2% this year to $116.7 billion as shares of his Berkshire Hathaway Inc. have rallied, putting him in fifth place on the Bloomberg Billionaires … Read more
Russia controls 44% of global palladium suppplies, Ukraine produces a significant 70% of neon supples — the two key raw materials that go into making chips The Russia-Ukraine war could hit global supply chains that are already constrained due to the pandemic and the worst impact would be on the ongoing chip shortage because the … Read more
Tariff hikes as well as continued increase in data usage is expected to accelerate telecom industry’s revenue growth in FY23. The sector has been saddled with debt due to complications such as the ‘Adjusted Gross Revenue’ (AGR) case verdict, which brought in a huge immediate liability on the books of telecom operators. “While the pandemic … Read more
Western sanctions do not mean that Russia will truly be isolated, as the world, and Russia itself, are “too big” for that, Kremlin spokesman Dmitry Peskov told the media on Saturday. Peskov said that the “rejection of relations” following its offensive in Ukraine, and the introduction of restrictions by Europe, the US, Canada, Japan and … Read more
Stocks have been hard-hit by fears about the Russia-Ukraine war, high inflation, and rising rates. UBS investment chiefs Solita Marcelli and Mark Haefele outlined their firm’s new investing outlook. Here are the four sectors investors should target now with volatility on the upswing. A troublesome trio of risks has rattled stocks so far in 2022: … Read more
An EU regulation that dates back to 1993 requires European airlines to maintain empty or near-empty flights With the decline in flights for business or pleasure due to the ongoing pandemic, airlines that are attempting to maintain market share are complaining about the ‘ghost flights’ they are being forced to fly. An EU regulation that … Read more