Elon Musk on Saturday slammed the European Union’s $140 million fine on his social media platform X, calling the penalty “crazy” and “insane” in a post on the site. Taking to the site, he said, “The EU imposed this crazy fine not just on @X, but also on me personally, which is even more insane!”“Therefore,…
MUMBAI: Most tech-driven financial services platforms faced outages during Friday’s high-intensity late session due to tech-glitch at Cloudflare, one of the companies that runs the internet globally. Traders in India faced issues with trade execution and cancellations on a day when the RBI policy and weekend considerations led to higher trading intensity than most other…
Kolkata: 106-year-old Kesoram Industries, once the flagship of the B K Birla group, is being acquired by Frontier Warehousing, a city-based storage and logistics solutions company. The total value of the acquisition, as per stock exchange filings, would be close to Rs 100 crore.Frontier-owner Gautam Agarwal, told TOI he is drawing up plans for Kesoram,…
IndiGo CEO Pieter Elbers on Friday said the airline expects to cancel fewer than 1,000 flights on Saturday, adding that operations should return to normal between December 10 and 15.His message came on a day when the carrier scrapped more than 1,000 flights — over half its daily schedule — amid nationwide chaos triggered by…
Netflix was born out of the resentments of the video cassette age. Anyone who lived through the 1990s remembers the ritual: rushing to the local rental store on a Friday evening, discovering the last VHS copy was already gone and then returning the tape late on Monday morning, only to be punished with a fee…
Shares of InterGlobe Aviation, the parent of IndiGo, have fallen more than 7 per cent over the past four trading sessions as the airline battles a severe operational crisis that has triggered large-scale flight cancellations and left thousands of passengers stranded.On Friday, the stock slipped 1.22 per cent to close at Rs 5,371.30 on the…
Prime Minister Narendra Modi and Russian President Vladimir Putin on Friday directed their officials to accelerate negotiations on a “mutually beneficial” agreement for the promotion and protection of investments, with the matter taking centre stage during their summit meeting in New Delhi.A joint statement said the leaders also underscored both the current and future scope…
The US stock market edged closer to its all-time high on Friday, with Wall Street drifting toward the end of a relatively quiet week, AP reported. The S&P 500 rose 0.3% in early trade, leaving it just 0.2% below its record. The Dow Jones Industrial Average was up 46 points, or 0.1%, while the Nasdaq…
India has the potential to increase its merchandise exports to Russia seven-fold—from $5 billion to $35 billion by 2030—if it secures market access in food, pharmaceuticals, textiles and machinery, according to Global Trade and Research Initiative (GTRI) founder Ajay Srivastava. The report comes as President Vladimir Putin visits Delhi and as Moscow reiterates its goal…
Sebi on Friday proposed a comprehensive overhaul of the Foreign Portfolio Investor (FPI) framework, aiming to streamline registrations and introduce an abridged application option for related funds, even as the regulator seeks to ease compliance for global investors.In a consultation paper, the Securities and Exchange Board of India said the move is intended to enhance…
