Riding high on the artificial intelligence boom, US chipmaker Nvidia Corp is on the verge of becoming the ninth company in history to reach a market value of $1 trillion.

US chipmaker Nvidia on the brink of crossing $1 trillion market value

French luxury magnet Bernard Arnault saw his fortune decline by $11.2 billion on Tuesday after fears of a slowing U.S. and China economy rattled global luxury stocks.

Billionaire Bernard Arnault's fortune takes a hit amid luxury market turbulence

Alibaba Group Holding Ltd, the Chinese tech behemoth, is restructuring its cloud operations in anticipation of an upcoming initial public offering (IPO). As part of its preparations for the IPO, the company has commenced a round of downsizing, impacting approximately 7 percent of its workforce, a Reuters report said.

China: Alibaba's cloud business cuts jobs ahead of upcoming IPO

In a move that will further inflame relations between the two nations, lawmakers in the United States have called for retaliation against China for banning memory chipmaker Micron Technology.

Chip war intensifies: Lawmakers want US to 'blacklist' Chinese firm after Micron ban

In a strategic move to streamline its operations and optimize its workforce, Facebook-owner Meta has initiated its latest round of layoffs, representing the final phase of a three-part plan announced in March.

Meta's 10,000 layoff target: Non-engineering roles take a hit

Veteran oil industry analyst Paul Sankey has sounded the alarm on the rising Russian oil exports to Asia and its threat to Saudi Arabia's dominance in the global oil market.

Russia challenges Saudi Arabia's throne in Asian oil trade: Veteran analyst

In a move that could revolutionize the country's electric vehicle industry, Tata Motors, the Indian owner of Jaguar Land Rover, is on the verge of selecting Britain for its multi-billion-pound electric car battery plant.

Tata Motors all set to choose UK for its new electric car battery plant

Surpassing market expectations, the Life Insurance Corporation of India (LIC) on Wednesday reported a five-fold increase in its profit after tax. As per a Reuters report, LIC's profit after tax stood at 134.

LIC Q4 results: India's top insurer sees 112% surge in net profit

Renowned billionaire investor Carl Icahn finds himself in an unexpected position after US short-seller Hindenburg Research targeted his investment vehicle, Icahn Enterprises LP, earlier this month.

Icahn vs Hindenburg: A Wall Street Heavyweight match for the ages

In a major legal victory for tech billionaire Elon Musk, a class-action lawsuit accusing him of cheating Twitter shareholders has been dismissed by a U.S. District Judge in San Francisco.

Elon Musk dodges Twitter lawsuit bullet: Judge dismisses cheating claims 

Stocks of global luxury brands faced a bloodbath on Tuesday, as they lost more than $30 billion over fears of a softening US economy hitting demand. According to a Bloomberg report, shares of Hermes International fell as much as 5.

Steep sell-off: Luxury stocks lose $30 billion in one day over US demand fears

US credit rating agency Moody's on Tuesday gave a thumbs up to India's growth story, estimating that India's Gross Domestic Product already crossed the $3.5 trillion-mark in 2022.

India to remain fastest growing G20 economy for the next few years: Moody's

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