Twitter sues Elon Musk for violating $44 billion deal
Twitter Inc. sued Elon Musk for breaching its $44 billion deal to buy the social media platform and asked a Delaware court to order the merger to complete the agreed upon $54.20 per Twitter share. read more
Adani branch, Jio, Airtel, Vi vie for 5G spectrum
Adani Data Networks Ltd., a unit of Adani Enterprises Ltd., a surprising contender, and three existing cellphone providers- Bharti Airtel Ltd., Reliance Jio Infocomm Ltd. and Vodafone Idea Ltd.- will fight in an auction to secure prized 5G spectrum later this month. are ready for Which could boost some of their balance sheets. read more
Improvement in monsoon to please agri-input manufacturers
Improvement in monsoon is expected to increase sales of agricultural inputs and cheer for manufacturers. Thus, it is not surprising that stock prices, which were lower during the June quarter, are also rebounding. UPL Ltd., PI Industries, Coromandel International and Sumitomo are up 10-19% from June lows, with Sumitomo seeing maximum gains. read more
How NRIs can benefit from their NRE, FCNR accounts till 31st October
The Reserve Bank of India (RBI) recently removed the interest rates cap on foreign currency non-resident bank, or FCNR (B), and non-resident external (NRE) account deposits for the period from July 7 to October 31. The move by the central bank is aimed at attracting the dollar into the country to arrest the fall of the rupee. read more
COVID vaccination for children under 12 may not start soon
Children under the age of 12 may have to wait longer for COVID-19 vaccines, despite the drug regulator approving it in April, because of lower infections and lower mortality rates in children, as well as those above 12. Limited uptake in children, delays a decision. read more
How Vedanta’s Anil Agarwal became the first Indian to list a firm on the London Stock Exchange?
Mining mogul Anil Agarwal shared on Twitter how he became the first Indian to list his company Vedanta on the London Stock Exchange in 2003. Agarwal said he decided to move to London almost “overnight”. read more
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