Corporate

Shares in Chinese technology giant Xiaomi collapsed more than 11 per cent in Hong Kong trade on Friday after the US put it on a blacklist, banning Americans from investing in it, as the Trump administration ramps up its battle with Beijing. The company, one of the world's biggest smartphone makers and considered China's answer to Apple, was one...

Investors are beginning to question whether Alibaba Group Holding can pull off a jumbo dollar bond in coming weeks given the uncertainty around co-founder Jack Ma and the Trump administration's crackdown on Chinese companies. The potential sale of as much as $8 billion in offshore debt was planned for as early as this week; however, a marketing memorandum hasn't yet...

Apple said it was putting $100 million (roughly Rs. 730 crores) into a fresh round of projects aimed at challenging systemic racism, including its first foray into venture capital funding to back entrepreneurs of colour. Apple said it would invest $10 million (roughly Rs. 73 crores) in a fund with Harlem Capital, a New York-based early-stage venture firm, with the...

Bharti Airtel's shares soared 6 per cent in early trade on Wednesday after the company received the approvals for 100 per cent foreign direct investment (FDI) in its relevant downstream companies. Shares of the telecom major were trading at ₹ 591.50, up by 25.75 points or 4.55 per cent on the National Stock Exchange (NSE) at noon. The bullish...

Apple chief Tim Cook says he wants those involved with the deadly attack on the US Capitol last week to be held accountable, even if that includes US President Donald Trump. "Everyone that had a part in it needs to be held accountable," Cook said in a CBS This Morning interview posted online Tuesday. "I think no one is above the...

GAIL India shares soared more than 5 per cent on the BSE in a subdued market on the news that the country's largest gas distribution company will on Friday consider buyback of shares. The shares touched an intra-day high of ₹ 143.50, up 5.7 per cent in early trading on the back of the announcement and at 10:20 am,...

Prime Minister Narendra Modi has called upon youngsters to attend 'Prarambh', the Startup India international summit on January 15 and 16, saying it seeks to bring together top minds from industry, academia, investment, banking and finance besides young start up leaders. He also shared his LinkedIn post in which he noted that virtual interactions have become the new normal during...

Tata Consultancy Services (TCS) on Friday reported a 7.2 per cent jump in its profit for the final quarter of 2020, as India's top software services firm benefitted from greater demand for its cloud services during the Covid-19 pandemic. The results kick off India's corporate earnings season for the December quarter, a seasonally weak period for the software industry,...

Mumbai, January 8, 2021: Raising the bar with newer offerings for the customers in the New Year, India’s largest fuel retailer, IndianOil, has now teamed up with State Bank of India (SBI) India’s largest bank, to launch the IndianOil – SBI co-branded RuPay Debit Card. The IndianOil – SBI co-branded RuPay Debit Card was launched by Mr. Shrikant Madhav Vaidya,...

The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said on Wednesday. Targeting Asia's two most valuable companies, worth a combined $1.3 trillion, would be U.S. President Donald Trump's most dramatic step yet in a recent raft of...