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The Times of India


TOI brings you the latest and breaking business news and top updates from the world of business, finance and forex market in India and world, daily stock markets' news and news of the economy.




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20.5 items/day

India aims to roll out 6G telecom network by end of decade: PM

India News: NEW DELHI: India is targeting the rollout of 6G telecom network, which will provide ultra high speed internet connectivity, by the end of the decade, .

WPI inflation at record high of 15.08% in April

Wholesale price-based inflation spiked to a record high of 15.08 per cent in April on rising prices across segments from food to commodities. The WPI-based inflation was 14.55 per cent in March and 10.74 per cent in April last year.

'Russia jumps to 4th position as oil supplier to India'

India's oil imports from Russia are set to rise further to about 487,500 in May, since refiners have ramped up purchases from Russia, preliminary data from Refinitiv flows show.

Goldman Sachs allows senior staff to take unlimited vacation

Goldman's new vacation policy comes more than a year after junior analysts at the bank complained of 100-hour work weeks and declining physical and mental health in "inhumane" conditions. That reverberated across Wall Street with firms pledging to do more to improve the work-life balance of their staff.

Byju’s eyes Chegg or 2U as it weighs US acquisition

The Bangalore-based company has held talks with both Santa Clara, California-based Chegg and Lanham, Maryland-based 2U and the total value of a deal could be about $2 billion, said the people, who asked not to be named because of the sensitive nature of the negotiations.

Elon Musk sees US as 'probably' in recession lasting up to 18 months

Recession fears in US have been growing recently as the Federal Reserve tightens monetary policy to help cool down inflation that's running near its hottest pace since the early 1980s. Still, odds of downturn in the coming year currently stand at 30%, according the latest Bloomberg monthly survey of economists.

LIC lists at 9% discount, market cap slips to Rs 5.6 lakh crore

LIC's market capitalisation slipped to Rs 5.57 lakh crore in early trade against just over Rs 6 lakh crore at the issue price, eroding over Rs 42,500 crore in investor wealth due to the tepid listing

Top 4 Indian IT firms spent Rs 50,000 crore on contract staff

As demand for IT services accelerated during the pandemic, Indian IT firms went shopping for subcontractors globally to bridge digital skill gaps. That has led to a surge in subcontractor costs for all major IT services firms.

Twitter defends anti-bot efforts, Musk replies with poo emoji

Twitter CEO Parag Agrawal said the platform suspends more than a half-million seemingly bogus accounts daily, usually before they are even seen. Elon Musk responded to that tweet by Agrawal with a poo emoji.

Ahead of LIC listing, grey market premium vanishes

The unofficial trades in the grey market for LIC shares ahead of its listing on Tuesday have gone into a discount to the final offer price of Rs 949 per share. This indicates some listing day gains for policyholders and retail holders but marginal losses for others.

Elon Musk hints at paying less for Twitter than his $44bn offer

Musk, who on Friday said his $44 billion deal to buy Twitter was on hold pending information on spam accounts, said that he suspects they make up at least 20% of users - compared to Twitter's official estimates of 5%.

RIL to acquire dozens of brands in $6.5bn consumer goods play

India's biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever, two sources familiar with the plan told Reuters.

Twitter spam accounts for last 4 quarter 'well under 5%': CEO

Twitter Inc CEO Parag Agrawal on Monday tweeted that internal estimates of spam accounts on the service for the last four quarters were "well under 5%." Agrawal said on Twitter that this estimate can not be reproduced externally given the need to use both public and private information.

Spiraling inflation may boost gold demand as a hedge: Report

Despite the World Gold Council's projection of a dip in consumer demand for the precious metal this fiscal on the back of rising prices and record imports last fiscal, a foreign brokerage report has suggested that the demand may rise more than generally projected as households may snap up the metal as a hedge against spiralling inflation.

Explained: Why inflation in India will take time to moderate

At a time when major economies are bracing up with measures to control soaring prices of essential commodities, a report by State Bank of India (SBI) economists cautioned that India's inflation internals are much different than those of advanced economies like the US.
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