Targeting new oilfields that can turn a profit even in the event that oil prices drop to about $30 per barrel, oil majors are reshaping their portfolios in light of the uncertain future of the sector. This is the third year of increased demand. Despite recent strong earnings, investors have not retracted from oil stock…
According to people with firsthand knowledge of the situation, Indian non-bank lenders are considering alternatives to Paytm for loan disbursement because they are concerned about the regulatory issue that the company is facing and how it may affect lending services going forward. Due to consistent regulation violations, the central bank ordered Paytm’s banking division to…
According to inspection records accessed by Reuters, Elon Musk’s SpaceX was fined $3,600 last month by US worker safety inspectors following an incident at the company’s Washington state location that resulted in a “near amputation.” According to a late-year Reuters investigation, Musk’s rocket company ignored conventional operating procedures and worker safety laws at its locations…
The Indian Express revealed on Sunday that Israel’s Tower Semiconductor has put in a bid to construct a $8 billion chip manufacturing plant in India. In order to implement its proposal, Tower plans to manufacture 40 and 65 nanometer chips domestically while pursuing government incentives. One of Prime Minister Narendra Modi’s top business priorities is…
According to reports on Sunday, an approximately $25 billion cash and stock merger between rival U.S. shale oil producers Diamondback Energy and Endeavour Energy Resources is almost complete, creating an oil and gas business valued at over $50 billion. According to the people, Diamondback may make an announcement as soon as Monday that would give…
Xiaomi, a Chinese company, informed the Indian government that their stringent oversight of Chinese businesses has discouraged suppliers of smartphone components from opening offices in India, according to reports quoting information based on a letter and a person with direct knowledge of the situation. According to the letter dated February 6, Xiaomi, which holds the…
A proposed U.S. class action lawsuit was filed against Amazon.com, alleging that the online retailer misled hundreds of millions of customers towards more expensive products in order to collect additional fees. Lower-priced options with faster delivery times are frequently hidden by Amazon’s algorithm for selecting what to display in its “Buy Box” when customers search…
Walt Disney is using artificial intelligence to fuel a new tool for marketers that will allow them to customise adverts to match the tone of particular scenes in films or television shows. This technique, which goes by the name “Disney’s Magic Words,” presents a fresh take on contextual advertising for the Disney+ and Hulu streaming…
In line with the US Federal Reserve Chair Jerome Powell’s comments on U.S. inflation and a solid employment report, global equities funds saw significant outflows in the week leading up to February 7 as markets reevaluated bets regarding the Fed’s interest rate choices. Investor withdrawals from global equity funds were a net $13.38 billion, the…
The founder of WeWork, Adam Neumann, is attempting to repurchase the company that filed for bankruptcy in November, according to people with knowledge of the situation on Tuesday. According to the sources, Neumann’s new real estate venture, Flow Global, has attempted to purchase WeWork or its assets and offer bankruptcy financing to keep it afloat.…
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