Bengaluru-based electric vehicle startup Pravaig Dynamics has made offers to Tesla interns, who saw their offers getting revoked weeks before their start date, inviting them to join the Silicon Valley of India that will recognize and appreciate their talents. Tech billionaire Elon Musk’s latest cost-cutting victims are summer interns with his flagship Tesla Inc, rescinding […]
Day: May 4, 2024
Coal India rallies 4% on decent quarter; brokerage retains ‘Buy’ on stock
Shares of Coal India shot up by 4.1 per cent at Rs 472 a piece on the BSE in Friday’s intraday trade. This came after the company delivered a decent growth in its fourth quarter results for financial year 2023-24 (Q4FY24) The national miner Coal India reported a 17.8 per cent jump in its year-on-year […]
US approves Exxon-Pioneer deal, alleges shale founder colluded with Opec
U.S. regulators gave the go-ahead on Thursday to Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources, but barred Pioneer’s former CEO from Exxon’s board on allegations he attempted to collude with OPEC to raise oil prices. Former Pioneer CEO Scott Sheffield coordinated efforts with U.S. shale oil producers to constrain their output and raise […]
Adani Green Energy Q4 results: Net profit declines 39% to Rs 310 cr
Adani Green Energy Ltd (AGEL) on Friday posted a 38.85 per cent decline in consolidated net profit to Rs 310 crore for the March quarter, mainly on account of increased expenses. Its net profit was Rs 507 crore in the January-March period of the preceding 2022-23, the company said in an exchange filing. During the […]
Adani Group faces Sebi scrutiny; show-cause notices issued to 6 firms
Six Adani Group firms have come under the Securities and Exchange Board of India (Sebi) lens and have received show-cause notices for alleged breaches in related party transactions and non-compliance with listing regulations, said the companies in their regulatory filings to the stock exchanges. Among these, Adani Enterprises, the flagship of Gautam Adani’s business empire, […]
Pvt helicopter going to pick Shiv Sena (UBT) leader tilts in Maha’s Raigad
The pilot of a helicopter was injured after it tilted during landing in Maharashtra’s Raigad district on Friday, a police official said. The chopper was scheduled to pick Shiv Sena (UBT) leader Sushma Andhare for a public rally in connection with the ongoing Lok Sabha polls, he said. The helicopter got tilted when the pilot […]
Flights cancelled, offices and beaches closed: Heavy rains lash Dubai again
Heavy rainfall hit the United Arab Emirates (UAE) on Thursday, resulting in numerous flight cancellations and the suspension of bus services in Dubai. Following heavy rains, people and students have been asked to shift to remote work and study from home. Dubai’s MeT department issued an orange alert for Friday as well. The UAE authorities […]