Latest News, Updates & Breaking Headlines
Saudi Arabia lifts alcohol ban for wealthy foreigners? Here’s what we know so far In a striking policy turn that illustrates Saudi Arabia’s evolving approach to social and economic reform, the kingdom has quietly begun allowing wealthy foreign residents to legally purchase alcohol, a practice previously prohibited for more than 70 years. The shift reflects…
Google parent Alphabet is selling a rare 100-year bond in British pounds as part of a massive multi-currency debt raise, making it the first tech company to attempt a century bond since IBM did it back in 1996.The so-called century bond will be part of Alphabet’s debut sterling issuance, according to the Financial Times. Alongside…
For years, the idea of a nation being digitally paralysed in a single, sweeping blow belonged to the realm of Hollywood thrillers. Films like Die Hard 4.0 turned cyber catastrophe into spectacle — a lone antagonist triggering blackouts, gridlock and financial collapse at the push of a button. At the time, such scenarios were dismissed…
NEW DELHI: Amid trade tensions, Union finance minister Nirmala Sitharaman on Sunday sought to address a long pending demand of the commerce department by allowing the sale of goods by eligible manufacturers in special economic zones (SEZs) to domestic tariff area on payment of duty at concessional rates.Sitharaman said that only a prescribed share of…
China has greenlit its first import of Nvidia’s powerful H200 AI chips, signaling a policy shift. This move aims to balance domestic AI development with fostering local chip production. The initial batch, reportedly hundreds of thousands, goes to major internet firms, with others awaiting approval. This comes amid strong demand and US clearance for sales….
BENGALURU: Mphasis CEO Nitin Rakesh said Blackstone’s stake sale reflects a natural phase in the private equity firm’s investment lifecycle and does not indicate any loss of confidence in the company’s performance. Blackstone acquired a 60.5% stake in Mphasis for $1.1 billion in 2016 and has been invested in the company for over nine years….
MUMBAI: Markets regulator Sebi is investigating instances of illegal gains using insider information in a share sale transaction for Yes Bank in July 2022. Officials from PwC, EY, Carlyle Group and Advent International have been sent notices by Sebi as the regulator’s investigations in this matter is continuing, a Reuters story said.The Sebi notice said…
Australia’s national carrier Qantas has launched a limited-period economy-class fare sale for Indian travellers planning trips to New Zealand later this year, as airlines seek to capitalise on rising outbound leisure travel from India, the airline said.The ‘New Year, New Zealand’ sale is open for bookings from January 22 to January 31, 2026, and covers…
RCB’s Virat Kohli with IPL trophy NEW DELHI: Serum Institute of India CEO Adar Poonawalla on Thursday said he plans to submit a “strong and competitive bid” to acquire Indian Premier League (IPL) franchise Royal Challengers Bengaluru (RCB) over the coming months.Poonawalla made the announcement in a post on X, stating his intent to enter…
NEW DELHI: In a setback to private equity player Tiger Global, the Supreme Court Thursday ruled that its $1.6-billion stake sale in Flipkart to Walmart is subject to taxes in India, setting a precedent for investors that use tax treaties.Setting aside a Delhi high court order, a bench of Justices J B Pardiwala and R…
