India’s economy will expand to $30 trillion by 2050, says Adani.

India is set to become a $30 trillion economy by 2050 -- a nearly 10-fold jump from its current size -- driven by rising consumption and social and economic reforms, according to Asia’s richest man Gautam Adani.The nation’s gross domestic product may start expanding by $1 trillion every 12 to 18 months...

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Amid Twitter turmoil, Elon Musk is tackling $56 billion Tesla trial: Top points.

Amid speculation over Twitter's future following a mega takeover by Elon Musk, a United States court is due to decide if the $56 billion pay package of the world's richest person from Tesla is justified or not. The decision is set to be concluded after five days of testimony including three hours...

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Meta appoints Sandhya Devanathan as India head.

Meta has announced the appointment of Sandhya Devanathan as the Vice President of Meta India.Devanathan will focus on bringing the organization's business and revenue priorities together to serve its partners and clients while continuing to support the long-term growth of Meta's business and commitment...

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Saudi Aramco to build $7bn steam cracker in South Korea.

Saudi Aramco, the world’s largest crude exporter, will build a $7 billion refinery-integrated petrochemical steam cracker in South Korea through its S-Oil unit.The steam cracker, which will convert crude oil into petrochemical feedstock, is expected to produce up to 3.2 million tonnes of petrochemicals annually...

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US directs six airlines including Air India to pay $622 million in passenger refunds.

The U.S. Transportation Department said Monday that six airlines were slapped with $7.25 million in penalties and agreed to issue $622 million in passenger refunds as the agency vows to aggressively enforce consumer protections.The actions helped ensure the carriers paid required refunds "to hundreds...

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Reliance set to acquire METRO Cash & Carry India in 500 million euros deal.

Reliance Industries is set to acquire German retailer METRO AG's Cash & Carry business in India in a deal estimated at around 500 million euros ( ₹4,060 crore), industry sources said.The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry...

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Twitter executives fired on Musk takeover to be paid $122 million each: Report.

Three top executives of Twitter Inc fired by new owner Elon Musk stand to receive separation payouts totaling some $122 million, research firm Equilar said on Friday.Musk fired Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and legal affairs and policy chief Vijaya Gadde, according...

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Chinese mobile maker Xiaomi shuts financial service business in India: Report.

Chinese smartphone maker Xiaomi Corp has shut down its financial services business in India, four years after its launch, a Xiaomi India spokesperson said on Friday."As part of the annual strategic assessment activity and as a response to enhanced focus on our core business services, we closed the Mi Financial...

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John Shaw, Biocon chairperson Kiran Mazumdar Shaw’s husband, passes away.

John Shaw, the husband of Biocon executive chairperson Kiran Mazumdar Shaw, passed away on Monday at the age of 72.He will be cremated at the Wilson Gardens Crematorium today, Livemint reported. He was the former vice chairperson of Biocon.According to Biocon's official website, John Shaw was also...

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Gautam Adani plans flagship firm’s first retail bond.

The flagship company of Asia’s richest person Gautam Adani is planning a maiden bond sale to individual investors, after the coal-to-ports conglomerate expanded in the past few years into everything from data centers to cement, media and alumina.Adani Enterprises Ltd. has proposed a 10-billion-rupee...

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