BUSINESS
Twitter shareholders approve Musk's $44 billion takeover bid
The vote came as Musk’s lead team is in a court battle to get out of the deal. Twitter confirmed that a preliminary count shows it has enough votes to approve the deal, reports The Verge. Twitter has sued Musk for allegedly breaching the deal agreement. The vote lets Twitter continue with a lawsuit intended to make Musk close the acquisition.
BYJU's logs nearly Rs 10K crore revenue in FY22, tops estimates
BYJU's investors were ecstatic at the company's growth in the core business in the recently-concluded meeting, sources told IANS, as the company logged 50 per cent growth (year-on-year) in its core K12 India business at Rs 1,205 crore, leaving no competition anywhere near it.
India's industrial production growth less than estimates: Morgan Stanley
On a seasonally adjusted sequential basis, IP contracted by 7.1 per cent month on month (MoM), versus growth of 2.5 per cent in June. According to the report, although growth slowed across the board, mining was the only sector to contract, by 3.3 per cent. Manufacturing activity growth slowed to 3.2 per cent, and electricity production to 2.3 per cent.
Indices end higher; Sensex above 60,000, Nifty over 18,000
At close, Sensex ended 455.95 points or 0.76 per cent up at 60,572.08, and Nifty closed up 133.70 points or 0.75 per cent at 18,070.05. About 1,865 shares have advanced, 1,632 shares declined and 103 shares remained unchanged. Bajaj Finserv, IndusInd Bank, Bharti Airtel, Titan, and Bajaj Finance were major gainers on the Sensex.
Swiggy offers free skill-based learning to gig workers, their kids
The company has also partnered with Google to use Read Along, a speech-based reading tool, to help children of delivery partners improve their reading skills. "With Swiggy Skills, we have taken a step in fulfilling our responsibility towards our executives with the focus to create an opportunity for their growth and progress," said Girish Menon, Head of Human Resources at Swiggy.
CM Naveen Patnaik coming to 'sell' Odisha to Maharashtra investors
CM Patnaik, along with a high-level delegation of senior officials, is expected to be in Mumbai over the next couple of days and meet top leaders of India Inc. as part of the Odisha Investors Meet, in the country's commercial capital. In Mumbai, the Odisha government will lay emphasis on attracting investments in areas like chemicals, petrochemicals, metals, textiles, electronics system design, manufacturing and tourism.
India to be a key hub to accelerate digital, IoT adoption globally: Siemens
India will play a key role in the global rollout of the 'Siemens Xcelerator' programme, said Peter Koerte, Chief Technology Officer and Strategy Officer, Siemens AG. The accelerator offers a comprehensive portfolio that includes digital and Internet of Things (IoT)-enabled offerings (software, hardware and digital services) from Siemens, and certified third parties.
Infosys comes cracking down on dual employment, warns termination; diktat won't work say techies
Since the job market is still hot in Bengaluru despite fears of US recession and the IT giant's diktat is not going to affect moonlighting by its employees. The techies including those who area employed in the IT giant, explain that until the work from home option is there, the Infosys diktat won't work. The start-ups and unicorns are heads over heels for talent and skilled professionals, they say.
BYJU's set to release FY21 financial report, sales may see significant drop
Facing intense scrutiny from the government over the long delay, the company had received an 'unqualified' report from auditor Deloitte late last month. According to sources, there is going to be a substantial difference between the projected sales and the audited revenue in BYJU's FY21 financial results.Last valued at $22 billion, the edtech company faced larger scrutiny from the government as it failed to submit its audited financial report.
Rupee over 1 month high against US dollar
The Indian rupee appreciated 40 paise to 79.12 against the US dollar during early trade on Tuesday following a decline in dollar and inflows from foreign investors, dealers said. The rupee remained at over 1 month high with this fall. At the Interbank foreign exchange market, the rupee was trading at 79.12 against the US dollar, as compared to 79.52 close on the previous trading session.
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