Elon Musk could have a silent partner in his $44-billion deal to buy Twitter: the US tax code. The head of Tesla and SpaceX announced on Monday an agreement to take Twitter private for $54.20 a share, pledging to equity finance $21 billion himself and use a $12.5 billion loan…

Google parent Alphabet on Tuesday reported its first quarterly revenue miss of the pandemic after the war in Ukraine hurt YouTube ad sales, leaving investors rattled as the global economy sputters. The world’s largest provider of search and video made a fortune over the last two years as the pandemic…

The World Bank will extend $600 million in financial assistance to Sri Lanka in two phases to address its economic crisis, according to a statement from the president’s office of the country. Sri Lanka stocks rallied, marking their first day of gains since April 5. The Colombo All-Share Index ended…

HMD Global, the maker of Nokia-branded handsets, is keen to scale up its mobile exports from India, as the company looks at various levers, including sourcing more components locally, to deepen its commitment towards manufacturing ecosystem in the country, according to a senior official. India is a “very important” market…

Meta-owned Facebook is reportedly unable to account for much of the personal user data under its ownership, including what it is being used for and where it is located, media reports say. According to the tech website Engadget, privacy engineers on Facebook’s Ad and Business Product team wrote a report…

Tata Sons-owned Air India has approached the anti-trust regulator Competition Commission of India (CCI) for a merger of its low-cost subsidiary Air Asia India. “The proposed combination relates to the acquisition of the entire equity share capital of AirAsia India Private Limited by Air India Ltd- an indirect wholly-owned subsidiary…

TVS Motor Company on Wednesday said it has entered into a strategic partnership with on-demand delivery and mobility platform, Rapido, for collaboration in areas of mutual interest and commercial mobility ecosystem. As part of a Memorandum of Understanding (MoU) signed between the two partners, TVS Motor and Rapido will look…

Tata group hospitality firm Indian Hotels Co (IHCL) reported a consolidated net profit of Rs 71.57 crore in the March quarter against a consolidated net loss of Rs 97.72 crore in the same period of the previous fiscal, IHCL said in a regulatory filing. It reported consolidated revenue of Rs…

JSW Steel Limited and Apollo Hospitals became the first major corporations to buy land in Jammu and Kashmir after the scrapping of Article 370 in 2019 to set up their units in the region. While JSW steel limited is all set to come up with its Rs 150 crore project…