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The yuan's weakness reflected recent US dollar strength, along with downbeat Chinese economic data and Covid disruptions, analysts at OCBC Bank said in a note. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HanuvQW

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Choksi had defrauded Punjab National Bank and in January 2018 fled the country. Currently he’s been proclaimed an offender by the government and several cases against him, by agencies like CBI, Enforcement Directorate and the Income Tax department, are pending. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ebiNcpl

According to The Verge, Musk requested that the Explore page which displays trending tweets and news stories, be redirected to the logged-out users visiting Twitter.com. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MZGHPcb

China’s factory and services activity contracted in October, with signs that things could worsen in the coming months as the government sticks to Covid controls that have disrupted activity across the world’s second-largest economy. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ubxvltV

At present, HUL’s market valuation at $72 billion is about 62% of its parent’s market cap of $115 billion, while its revenue is over 10% of Unilever group sales. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8EGoZwx

Trends in the SGX Nifty indicate a positive opening for the broader index in India.The BSE Sensex climbed over 200 points to 59,960, while the Nifty50 jumped 50 points to 17,787 on Friday. Shares in the Asia-Pacific were in the green on Monday ahead of China’s factory activity data that’s slated to be released, and as markets look ahead to the US Fed meeting later this week. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/r7mocf2

The fate of two government-controlled financial entities — IFCI and IIFCL — remains uncertain, with disinvestment of the former ruled out given the complexities, while the Centre is yet to decide on how to reposition the latter. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3hJQ0f4

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A computer science graduate who went on to pursue her Master’s in design from the National Institute of Design (NID), Shaon describes the world of design in technology as designing for the future. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kT3HrG1

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Musk, who completed a $44 billion deal to buy Twitter on Thursday, has ordered the cuts across the company, with some teams to be trimmed more than others, said three of the people, who declined to be identified for fear of retaliation. The scale of the layoffs could not be determined. Twitter has about 7,500 employees. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/uFC86Rd

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The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market. Earlier, the restrictions were imposed till October 31 this year. India has been the highest producer and the second largest exporter of sugar in the world in the current year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XKvrmN1

Twitter formally became the private property of Elon Musk on Friday, steering the social media giant down an uncertain path under the stewardship of one of its most vocal critics. Scrutiny quickly turned to how the platform will operate under a self-proclaimed free-speech absolutist who some users fear will turn Twitter into a global stage for hate speech and disinformation. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ezmit4Z

A senior Directorate General of Civil Aviation (DGCA) said: “The IndIgo A320 (VT-IFM) was involved in reject takeoff as engine two fail warning came. Loud bang (sound) was heard. Fire extinguisher bottle was discharged. The aircraft returned to the bay and has been grounded for inspection. The DGCA will carry out a detailed investigation to ascertain the cause and suitable followup action shall be taken.” from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/taeUPMV

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The possibility of Trump’s return to Twitter — he was banned after the Jan. 6, 2021, attack on the Capitol — has been the subject of much speculation since Musk announced his intentions to buy the company and take a less heavy-handed approach with users who post objectionable and provocative content. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8A1ZFj7

The government on Friday notified rules under which it will set up appellate panels to redress grievances that users may have against decisions of social media platforms like Twitter and Facebook on hosting contentious content. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ksf6Jtw

Worldwide economic prospects have dimmed this year as countries have faced higher living costs, tighter financial conditions and increased uncertainty following Russia's invasion of Ukraine.The crises have dulled the rebound from the Covid-19 pandemic, even as Asia has remained a "relative bright spot" compared with other parts of the globe, the IMF said in its Regional Economic Outlook. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ge3a2PL

The acquisition is the culmination of a remarkable saga, full of twists and turns, that sowed doubt over whether Musk would complete the deal. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Dn6GvSl

On late Thursday, Elon Musk took control of the social media company and immediately fired its Indian-origin CEO Parag Agrawal, as well as the company's other top executives. Chief Financial Officer Ned Segal and legal affairs and policy chief Vijaya Gadde were also among those who were fired by Musk. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1Pe95YV

Global investment firm KKR is acquiring Ness Digital Engineering, a US headquartered firm with over half of its employees in India. The companies did not disclose the deal amount, but sources told TOI that it’s over $500 million. KKR has made the investment from its Asian Fund IV. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7eKwCdD

It’s been a Diwali ‘dhamaka’ in sales of branded commodities as well as chocolates & confectionery this month. But there’s a word of caution for categories like home care, personal care, beverages and packaged foods as sales of these have shrunk during October 1 to 24, on a month-on-month (MoM) basis. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7hqDv4A

A large part of that, around $12.5 billion, was set to have come from loans backed by his shares in the electric car company -- meaning he would not have had to sell those shares. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qlMb7mF

Brent crude futures gained 20 cents, or 0.2%, to $95.89 a barrel by 0332 GMT. US West Texas Intermediate (WTI) crude climbed 19 cents, or 0.2%, to $88.10 a barrel. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Q2VWCfP

Musk signaled the deal was on track Wednesday by changing his Twitter profile to "Chief Twit" and posting a video of himself walking into the company's California headquarters carrying a sink. "Let that sink in!" he quipped. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sbWktEw

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The stock projected for April 1 in 2023 is 113 lakh tonnes while the buffer stock should be at least 75 lakh tonnes. The fresh wheat crop will start arriving in mandis from the first week of April. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/JHPUbn3

Musk’s $44 billion deal to take Twitter private faces a Friday deadline, although the video he posted offered no evidence that the acquisition is complete. Twitter and Musk representatives had no comment on that question, although Twitter did confirm that Musk's video tweet was real. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Q5PfBR9

The approval will make GM mustard only the second approved transgenic crop in India after Bt cotton, and the first such food crop that can be commercially cultivated by farmers. The move comes despite the opposition of certain farm groups and RSS-affiliate Swadeshi Jadran Manch (SJM). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wlsAi7W

Meta earned $4.4 billion, or $1.64 per share, in the three month period that ended Sept. 30. That's down 52% from, $9.19 billion, or $3.22 per share, in the same period a year earlier. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6WSiVL5

The government on Wednesday unveiled new policy reforms for satellite communications services to ease procedures and streamline clearance processes and nudged the telecom industry to substantially speed up the deployment of 5G towers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ktTO01m

And then there were serious ones. Jonathan Levin, dean of Stanford Graduate School of Business (GSB), where Sunak got an MBA degree as a Fulbright Scholar, said: “On behalf of GSB, I want to express our collective pride that a member of our community has become the head of state." from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/43uby2w

These "heavy tweeters" account for less than 10% of monthly overall users but generate 90% of all tweets and half of global revenue. Heavy tweeters have been in "absolute decline" since the pandemic began, a Twitter researcher wrote in an internal document titled “Where did the Tweeters Go?” from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/B7SQbjP

Alphabet said it made a profit of $14 billion in the third quarter on ad revenue that grew just 6 percent to $69 billion when compared with the same period of last year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OsurQCa

The banks that committed to fund Musk's buyout of Twitter have finished putting together the final debt financing agreement and are in the process of signing the necessary documents, according to a Bloomberg News report. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7B9Fd1x

Premium and mid-end products have lifted sales of consumer durables and FMCG items this festive season amid inflation woes, according to industry players. Industry body Consumer Electronics and Appliances Manufacturers Association (CEAMA) said the sector is estimated to clock volume growth of 20 per cent and value growth of over 30 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qnUlkGF

China's economic growth is hitting an early speed bump in the fourth quarter as Covid-19 curbs and anxieties further tapped the brakes on travel and shipping, constraining consumption and commerce in the world's second-largest economy. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PZ1Qfzb

In the next three months, there will be more clarity on US inflation front, then markets can start factoring in the peak of Fed's hiking cycle and further determine the rupee's direction, he added. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Pvt5qBX

Oil prices rose on Tuesday as the US dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from key oil importing economies such as China. International benchmark Brent crude futures gained 27 cents to $93.53 per barrel by 0415 GMT, after falling 0.3% in the previous session. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ntqc7Fi

Camaraderie is key for employees bonding at the workplace. However, cases of workplace harassment, including of a sexual nature, are on the rise, experts who deal with this subject told TOI. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/itGHvzW

HSBC veteran Hitendra Dave, who until recently headed the bank’s global banking and markets division, took charge as India CEO last year. He has played a developmental role in Indian financial markets as a member of the capital markets committee. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/j78zTt5

With this ruling, the AAR bench has perhaps become the first to address various employee-related transactions subsequent to clarifications that were issued by the Central Board of Indirect Taxes and Customs (CBIC) in August. This circular had been covered by TOI in its August 5 edition. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TdBRMiX