Ukrainians cheered from their balconies while their air defences blasted Russian missiles and drones out of the sky in the first hours of 2023, as Moscow saw in the new year by attacking civilian targets across Ukraine. Ukraine’s Air Force command said it had destroyed 45 Iranian-made Shahed drones overnight —32 of them on Sunday … Read more
Eicher is taking a strategic stake in Stark Future SL, investing € 50 mn (apprx Rs 450 cr) in lieu of a 10.35% equity stake. Stark is a European electric motorcycle manufacturer, incorporated in Barcelona Spain, in July 2020 with specific focus in the area of performance electric motorcycles. It has recently launched the motocross … Read more
I got the chatbot to write cover letters for real jobs and asked hiring managers what they thought. Most of the managers would have given me a screening call but said the letters lacked personality. A new version of an AI chatbot from OpenAI, ChatGPT, has had the internet in a frenzy over the last … Read more
Malick Diop felt something shifting on Wall Street. He’d joined Morgan Stanley in the grim days of 2009, when big banks were trying to pay back taxpayer bailouts and deflect public fury. But four years later, the ire was fading and ambition was the order of the day. “It really felt like, for the first … Read more
Private Equity major, Advent has confirmed that it has entered into a definitive agreement to acquire a controlling stake in Suven Pharmaceuticals (SP). Advent is acquiring 50.1% from the promoters (Jasti Property and Equity Holdings Private Limited) at Rs 495/ share totalling Rs 6,313 cr. Above considration is 100% cash payable by Advent to the … Read more
Ajanta Pharma has informed that two of it’s prom0ter entities have sold stake totalling 4.38% into the Company through open market transactions. Total Promoter stake consequently has reduced from 70.48% to 66.1% Stake has been sold by Aayush M. Agrawal, trustee Aayush Agrawal Trust (3.03%)Â and Ravi P. Agrawal, Trustee Ravi Agrawal Trust (1.35%) Reports … Read more
The value of Elon Musk’s company has sunk by almost 70% from its November 2021 peak. Musk has refused to draw a link between Tesla’s decline and his takeover of Twitter. Short-sellers made $15 billion this year betting that shares in Tesla would fall, as about $800 billion was wiped off its value, new research … Read more
Santa Claus is undoubtedly a very busy man. About 5,00,000 visitors from across the world visit the small town of Rovaniemi every year, many just to see him. So when a group of us — journalists and influencers from India — get an appointment with Father Christmas, we dress in appropriate shades of red then … Read more