Companies are setting aside a part of their digital ad spends for these platforms, in line with the growth in quick commerce firms. While the share of ad spends is relatively smaller than what companies spend on Meta, Google or large marketplaces such as Amazon, it is increasing rapidly. For packaged foods company Parle Products, … Read more
Domestic airline SpiceJet on June 27 alerted passengers travelling via Delhi and Dharamsala to track their flight details for potential delays due to bad weather. “Due to bad weather in Dharamshala (DHM) and Delhi (DEL), all departures/arrivals and their consequential flights may be affected. Passengers are requested to keep a check on their flight status,” … Read more
Yes, Bank has sacked at least 500 staff across verticals to undertake restructuring, The Economic Times reported, citing sources. The private sector lender has given fired employees three months salary as severance pay, one source added. Livemint could not independently verify the report. “Yes Bank launched an internal restructuring exercise at the advice of a … Read more
UltraTech Cement on Thursday announced that its board of directors have approved acquisition of upto 7.06 crore equity shares of India Cements Ltd. The company would buy India Cements shares at a price of upto ₹267 per share. This takes the total transaction value at around ₹1,885 crore. The non-controlling financial investment constitutes around 23% … Read more
Nvidia shareholders have approved all proposals including the compensation packages of its CEO Jensen Huang and other executives along with the re-election of 12 directors. Huang reportedly earned $34 million in the fiscal 2024. At its Annual General Meeting held on Wednesday, June 26, Nvidia stockholders reportedly approved all the proposals listed on the agenda. … Read more
(Bloomberg) — Copper extended losses with the dollar strengthening and prices facing sustained pressure from weak Chinese demand. The metal has shed 14% since rocketing to a record above $11,000 a ton in May. Soft market conditions in top consumer China have handed copper’s more bullish investors a reality check, and prices have continued to … Read more
The justices, voting 6-3, tossed out court-imposed restrictions on contacts by the White House and several federal agencies. A federal appeals court said the curbs were warranted because government officials had unconstitutionally coerced platforms into taking down posts about the pandemic and the 2020 election. Writing for the high court, Justice Amy Coney Barrett said … Read more
New Delhi: JSW Neo Energy Ltd, a subsidiary of JSW Energy Ltd, signed power purchase agreements (PPA) for 1,025 MW renewable power with Solar Energy Corp. of India Ltd (SECI) and 300 MW with Gujarat Urja Vikas Nigam Ltd (GUVNL). The JSW Group company has tied up for 1,025 MW with SECI and for 300 … Read more
(Adds details on company’s financials in paragraph 5) By Krystal Hu June 26 (Reuters) – Creatio, a low-code software platform for customer relationship management that competes with Salesforce, said on Wednesday it had secured $200 million in a new funding round, giving it “unicorn” status with a valuation of $1.2 billion. Founded in 2014, Creatio … Read more
Dollar nears two-month high * US 10-year yields at two-week peak * Fed’s Bowman reiterates holding rates steady ‘for some time’ * US PCE data due on Friday (Updates prices) By Brijesh Patel and Daksh Grover June 26 (Reuters) – Gold prices slipped 1% to their lowest level in more than two weeks on Wednesday, … Read more
Wheat rises after reaching 15-week low on bargain buying, positioning ahead of USDA report * U.S. harvest pressure, Russia rains weigh on wheat futures * U.S. Midwest weather key for direction in corn, beans (Recasts throughout; updates analyst quotes, prices, byline; changes dateline from Singapore/Paris) By Renee Hickman CHICAGO, June 26 (Reuters) – Chicago Board … Read more
The attacks follow the departure of the USS Dwight D. Eisenhower after an eight-month deployment in which the aircraft carrier led the American response to the Houthi assaults. Those attacks have reduced shipping drastically through the route crucial to Asian, Middle East and European markets in a campaign the Houthis say will continue as long … Read more