BUSINESS
HPE Set to Acquire Juniper Networks for $14 Billion, Aiming to Enhance AI-Driven Innovation
Upon the completion of this acquisition, Juniper's CEO Rami Rahim will take the helm of the combined HPE networking business, reporting directly to HPE's President and CEO, Antonio Neri.
Adani to invest Rs 2 lakh crore in Gujarat, Gautam Adani
Addressing the Vibrant Gujarat Global Summit, Adani emphasized that this substantial investment is expected to generate a staggering 1 lakh employment opportunities.
AM/NS to Construct World's Largest Single Location Integrated Steel Plant in Gujarat, Confirms Lakshmi Mittal
This monumental project aims to yield a capacity of 24 million tonnes of crude steel and is projected to be operational by 2029. Mittal highlighted the company's commitment by revealing the agreement for the plant's second phase, solidifying their partnership with the Gujarat government.
Investors Issue Warnings to Governments Regarding High Levels of Public Debt, Report Indicates
Emerging markets are also anticipated to contribute significantly to the surge in bond sales, with government debt reaching an unprecedented 68.2% of GDP last year, as reported by the Institute of International Finance and the Financial Times.
World Bank Forecasts Global Growth to Slow for Third Consecutive Year in 2024
The report reflects a downward trend from the 6.2 percent growth in 2021, attributed to the pandemic's low base impact, to 3 percent in 2022, and then 2.6 percent in 2023.
PM Modi and UAE President Commend Rapidly Evolving Bilateral Ties; 4 MoUs Signed Ahead of Summit
This marked their fourth meeting in less than seven months, emphasizing the momentum in their engagements. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal highlighted this partnership, affirming the leaders' dedication to fostering a shared, prosperous future.
Government Announces Ambitious Plan: Rs 45,000 Crore Investment for the Development of River Cruise Tourism
Out of this substantial allocation, around Rs 35,000 crore will be dedicated to cruise vessels, while Rs 10,000 crore is earmarked for the development of cruise terminal infrastructure by the year 2047.
Bajaj Auto Announces Buyback at a 43% Premium to Last Closing Price
The buyback initiative will involve the purchase of 40 lakh shares through the tender route, constituting 1.41% of Bajaj Auto's outstanding shares.
Nifty Closes Lower Following Two Consecutive Sessions of Rally
Jasani reported that at the close, the Nifty exhibited a decline of 0.91%, equivalent to 197.8 points, settling at 21,513. The cash market volumes on the NSE remained below Rs.1 lakh crore, indicative of subdued sentiments in the market.
Incredible Growth: Fintech Unicorn Incred Records Rs 109 Cr Profit in FY23, Revenue Surges Over 77%
The financials filed with the Registrar of Companies (RoC) reveal that Incred's revenue witnessed a remarkable surge of 77.46%, reaching Rs 866 crore in FY23, compared to Rs 488 crore in FY22.
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