SAN FRANCISCO — A jury has found Elon Musk liable for misleading investors by price in the tumultuous months leading up to his 2022 acquisition of the social media company…
Category: Companies
Trump Suit Against Capital One Dismissed But Can Be Refiled
The Trump Organization’s lawsuit accusing Capital One Financial Corp. of political discrimination and illegally closing its accounts in 2021 was tossed out by a judge, but he said the claims…
Lula Says Petrobras, Pemex Could Partner on Oil Exploration
(Bloomberg) — Brazil President Luiz Inacio Lula da Silva said he spoke with Mexican leader Claudia Sheinbaum about a possible exploration partnership between their nations’ state-run oil companies in the…
CBS News layoffs: Internal memo shows 6% jobs to be cut to ‘remain competitive’, CBS Radio to end in May, say reports
American media giant CBS News is set to cut 6% of its workforce on 20 March, to “remain competitive”, Bloomberg reported citing an internal memo. The Paramount Skydance Corporation owned…
Zomato hikes platform fee to offset rising operational costs. Here’s how much more you will pay
Food delivery leader Zomato on Friday increased its platform fee by ₹2.40, bringing the pre-tax charge to ₹14.90 per order. Previously set at ₹12.50, this pan-India adjustment aims to offset…
SBI shifts 64 staffers from West Asia to Mumbai, moves operations amid escalating regional conflict
State Bank of India has evacuated 64 employees from West Asia to Mumbai over the past few days as the country’s largest lender activated a business continuity plan in response…
JPMorgan Chase CEO Jamie Dimon sees an end on the horizon. But not yet.
Jamie Dimon is telling us all about his plans. He wants to start a news outlet that covers public policy—appealing to “nerds like me,” Dimon says. There’s always government service,…
Emcure betting on innovator edge in crowded weight-loss drug market
Emcure Pharmaceuticals, which is bringing Novo Nordisk’s blockbuster semaglutide to India in an exclusive partnership, is banking on the perceived superiority and brand recognition of the innovator molecule, as a…
NCLAT stays bank guarantee invocation in JAL case, admits contractor’s plea
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Friday issued notice to the monitoring committee of bankrupt Jaiprakash Associates Ltd (JAL) on a plea by Velocity Enterprises, a…
Solar cell manufacturer Jupiter International hires bankers for $300 million IPO
Jupiter International Ltd (JIL), a Kolkata-based homegrown solar cell manufacturer, has appointed bankers to help raise $300 million through an initial public offering (IPO), three people familiar with the matter…