Maruti Suzuki India has become the largest passenger cars exporter from India in the first half of the ongoing fiscal, dethroning Hyundai Motor India Ltd which has now been pushed to the fourth spot behind Volkswagen and General Motors.In the April-September period this fiscal, Maruti Suzuki India (MSI) exported 57,300 units of passenger cars as against 54,008 units in the year-ago period, up 6 per […]
Warren Buffett’s Berkshire Hathaway Inc has sold another large piece of its stake in IBM Corp, backing further away from an investment that the billionaire has admitted was not one of his best. Berkshire cut its IBM stake 32 per cent in the third quarter to about 37 million shares worth $5.37 billion from 54.1 million shares worth $8.32 billion, according to a Tuesday regulatory […]
In a bid to build on its Augmented Reality (AR) ambitions, Facebook has acquired German computer vision startup Fayteq, which is known for its video-editing technology that makes it possible to add or remove objects from existing videos.Facebook has confirmed the acquisition but did not share any additional information on its plans, Variety reported on Saturday.The social network major can use the technology for object […]
Realty firm Supertech has raised Rs. 350 crore from L&T Finance to fund an ongoing housing project in Greater Noida. The Noida-based firm also plans to launch next month a sports-centric housing project in Noida Extension (Greater Noida – West) where it would develop over 4,500 flats/villas at a cost of Rs. 1,100 crore. “We have raised Rs. 350 crore from L&T Finance for our […]
Retirement fund body EPFO today advised subscribers not to completely withdraw funds for petty reasons, saying they will lose out on the social security benefits that come only when continuity is maintained.The Employees’ Provident Fund Organisation (EPFO) further said that PF money aimed at social security benefit and people should not treat it like a bank account.We want to convey all our members not to […]
The Janet Yellen-led Federal Reserve raised interest rates by 25 basis points (0.25%) on Wednesday. It was the third rate hike this year. The US central bank, however, left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in U.S. economic growth from the Trump administration’s proposed tax cuts. In an early verdict on the tax overhaul, Fed policymakers […]
The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in US economic growth from the Trump administration’s proposed tax cuts. In an early verdict on the tax overhaul, Fed policymakers judged it would boost the economy next year but leave no lasting impact, with the long-run potential growth rate stalled […]
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