Photo: Yahoo
PayPal Holdings Inc Made $45 Billion Offer To Acquire Pinterest
PayPal Holdings Inc has made a $45 billion approach for buying digital social media company Pinterest Inc. Pinterest has been offered $70 per share, primarily in stock, by PayPal. By the time it announces quarterly profits on November 8, the online payments platform aims to have successfully negotiated and announced a contract. Sources claim, that the current discussion is secret and discreet.
Tags: Paypal, pinterest, Stocks, Social Media, payment app
Courtesy: Outlook India
Photo: Financial Times
IMF's 1st Female Chief Economist Gita Gopinath To Quit In 2022
Gita Gopinath who is known as the first female chief economist of the International Monetary Fund (IMF) has decided to leave the organisation in January 2022. Following the resignation, Gopinath will again join the Economics Department of Harvard University. Announcing the development, IMF's Managing Director Kristalina Georgieva thanked Gopinath for ''her tremendous impact on the global crisis lender's work''. Notably, Gopinath had joined… read-more
Tags: IMF, Chief Economist, Harvard University, Resignation
Courtesy: Live Mint
Photo: Business Today
Reliance Industries Acquire 52% Stake In Fashion Label Ritu Kumar
Reliance Industries bought 52% stake in the fashion brand, Ritu Kumar. However, no financial details have yet been unveiled by the company. Reportedly, Reliance also bought a 40% stake in Manish Malhotra’s fashion house. Furthermore, Birla Fashion and Reliance bought 51% stake in Sabyasachi. “The discretionary wallet spend on products of the top 20 million customers is what we remained focused on”, said… read-more
Tags: business, Reliance Industries, Mukesh Ambani, India, fashion
Courtesy: Reuters
Photo: Zee News
Invesco's Opposition To Proposed Merger With Sony Is Hypocritical, Says Zee
Zee on October 12 stated that Invesco's objection to a merger agreement of TV network with Sony's-India-subsidiary is hypocritical given US-investment company promoted a similar transaction earlier this year. Invesco attempted to merge the company with "certain entities owned by a large Indian group," in February allowing Zee CEO Punit Goenka to lead the amalgamated-organisation. Invesco, which earlier acknowledged Goenka's reputation, is now… read-more
Tags: Zee, Sony, invesco, US Investors
Courtesy: Deccan Herald
Photo: Finance Updates
Gold Priced At Rs 47,970 Per 10 Gm; Silver Priced At Rs 63,200 a Kg
The price of Ten gram of 24-carat gold on October 15 reached Rs 47,970 following the hike by Rs 680. While Silver was at Rs 63,200 per kg. In Delhi, Mumbai, and Chennai, 10 gram of 22-carat gold was priced at Rs 46,840, 46,970, and 45,050 respectively. However, 24-carat gold was priced at Rs 51,110, Rs 49,140, and Rs 47,970 in Delhi, Chennai, and Mumbai respectively.
Tags: JEWELLERY, Gold and Silver Price, 24-carat gold, India, Delhi
Courtesy: Business Standard
Photo: Financial Tribune
Centre Asks Major Oil Producing States To Reduce Edible Oil Prices
The Department of Food and Public Distribution has asked major oil-producing states to take required measures to ensure the reduction in the prices of edible oils. The directions have been given to eight states, including Tamil Nadu, Gujarat, and Uttar Pradesh. The reduction would thereby help in bringing down the food inflation levels, by providing relief to customers if prices reduce by Rs 15 to 20 per kilogram.
Tags: Edible Oils, health care, Inflation, India
Courtesy: The Economic Times
Photo: Tech Circle
HCL Technologies Q3 Results: Net Profit Up By 3.9% At Rs 3,265 Cr
HCL Technologies has reported a net profit of Rs 3,265 crore in the September quarter, on October 14. The profit is said to have increased by 3.9%, and has surpassed Bloomberg consensus, which is estimated to be Rs 3,196.50 crore. It has also signed 14 new large deals worth $2.3 billion in the September quarter and has also retained its EBIT margin in the range of 19-21%.
Tags: HCL Technologies, net profit, Noida, business, Technology
Courtesy: LiveMint
Photo: Business Today
Sensex Corsses 61k Mark For First Time & Nifty Touches New Height
Amid the positive trend in global markets, Sensex crossed 61,000-mark to reach 61,159.48 for the first time following the jump of 350 points in the opening trade on October 14. The Nifty also surged to 18,281.50 with a gain of 119.75 points. Reportedly, L&T became the top gainer in the market followed by Infosys, SBI, NTPC, and HDFC Bank. Earlier, the US market closed on a positive note.
Tags: Sensex, Nifty, Jump, Mumbai, Bull
Courtesy: Business Standard
Photo: ibTimes
US Surpasses China To Become World's Biggest 'Bitcoin Miner'
The United States Of America has become the world's center for Bitcoin mining. The country accounted for 35.4 percent of the global hash rate, which is a measure used to extract the digital currency. According to reports, China's observed share of Bitcoin mining has hit zero, which is down from as high as a 75% in September 2019.
Tags: Bitcoin, USA, China, US-China
Courtesy: The Economic Times
Photo: The New Indian Express
Petrol, Diesel Prices Rise Yet Again After 2 Day Pause
Petrol and diesel prices have rose yet again on Thursday and have set records, after a two day pause. In Delhi, prices of petrol and diesel were raised by Rs 0.35 to Rs 104.79 per litre and Rs 93.25 per litre, respectively. In Mumbai, petrol rates were increased by Rs 0.34 to Rs 110.75, and diesel rates by Rs 0.37 to Rs 101.4 per litre.
Tags: Petrol, Diesel, Petrol Price Hike, Mumbai, Delhi
Courtesy: The Economic Times
