Sector: All Sectors
Appropriate time for a rate cut: RBI governor in policy meet
RBI governor Sanjay Malhotra in his maiden monetary policy committee (MPC) meeting had said that it was an ‘appropriate time’ to cut rates, given the macroeconomic outlook and expected inflation alignment with the target. Malhotra had argued that monetary easing, along with agricultural growth and budgetary measures, would stimulate household consumption, housing investment and capital … Read more
Bybit loses nearly $1.5 billion in crypto hack—What we know so far
Dubai-based cryptocurrency exchange Bybit has found itself at the centre of a financial storm. Hackers made off with nearly $1.5 billion worth of Ethereum (ETH) from the platform’s cold wallet, triggering a mass panic among users. The fallout was immediate: over $4 billion in additional withdrawals followed, bringing the total outflow to a jaw-dropping $5.5 … Read more
Mittal family sells about $1 bn of Airtel shares
Indian Continent Investment Limited (ICIL), a promoter-group entity of Bharti Airtel Limited, has today sold 0.84% shareholding (5.11 Cr shares) in Airtel through a market transaction, for an aggregate amount of Rs 8,485.11 Cr. Bharti Telecom Limited (BTL), the promoter of Airtel, anchored the trade by acquiring 1.20 Cr. shares (24% of ICIL’s sale) This … Read more
Uber auto goes subscription-based: No more commissions, cash-only rides
Ride-hailing giant Uber has announced a significant change in its operational model for auto drivers in India, shifting from a commission-based system to a Software-as-a-Service (SaaS) subscription model. As part of this transition, all auto rides booked via the Uber app will now be cash-only, effective from 18 February. A notification on the Uber app … Read more
Intel breakup on the horizon? Analyst sees market cap boost from $167 billion to $237 billion as Taiwan Semiconductor and Broadcom reportedly eye key divisions
Speculation is mounting around Intel as the struggling tech giant explores ways to unlock shareholder value.Chip industry rivals Taiwan Semiconductor and Broadcom are both pursuing potential deals that could lead to a breakup of the company. Broadcom is reportedly interested in acquiring Intel’s profitable chip design and marketing division, while Taiwan Semiconductor is considering taking … Read more