India’s benchmark indices have taken a hammering since reaching record highs on Thursday. The bloodbath in Indian shares is driven by a rout in global stock markets, with other Asian peers too in a sea of red.

Bloodbath in Indian stocks as benchmark indices crash from record highs

Meta Platforms Inc., the parent company of Facebook and Instagram, is eyeing celebrities in Hollywood for voices to be used in its artificial intelligence pursuits.

Meta eyes celebrity voices for AI, offer multi-million dollar deals

A global swarm of hedge funds continued to add bearish equity bets to portfolios for the third week running after fresh figures indicated that the economy of the United States was slowing at a faster pace than had been estimated.

Hedge funds amplify bearish stance amid economic slowdown concerns, Goldman reports

A US judge sanctioned a plan Friday to allow SVB Financial Group, the former parent company of defunct Silicon Valley Bank, to distribute its assets to creditors and close its bankruptcy case—the precursor to a major legal battle with the US Federal Deposit Insurance Corporation.

SVB Financial Group's bankruptcy resolution paves way for high-stakes legal showdown

Warren Buffett is all over the headlines for unloading shares of Bank of America Corp. for the twelfth consecutive session, trimming his conglomerate's huge stake in the lender to 8.

Warren Buffett's retreat from Bank of America: Billionaire's motives analysed

A two-day plunge in SoftBank Group Corp. shares erased $2.5 billion from the fortune of founder Masayoshi Son, as the tech investment giant took a hit from the fallout of the unexpected interest-rate hike of the Bank of Japan.

SoftBank's drastic plunge: Masayoshi Son's fortune takes $2.5 billion hit amid market turmoil

Oil is headed for a fourth consecutive weekly slide, as concerns over demand from the world's biggest economies are outweighing increased geopolitical tensions. Brent traded near $80 a barrel after a 1.

Oil prices plunge as demand concerns and geopolitical tensions bite

In a bid to shore up investor faith in the company, the beleaguered Thai renewable energy firm Energy Absolute Pcl announced a major shake-up in leadership ranks and detailed plans to meet with bondholders to delay debt payment deadlines.

Energy Absolute announces major leadership shakeup, debt extension plans in fraud probe

The parents of 34-year-old motorcyclist Landon Embry, who died in a collision in 2022 with a Tesla Model 3 on Autopilot, filed a lawsuit against Tesla and the driver of the car, alleging that both driver assistance software and safety features are "defective and inadequate.

Litigation mounts as Tesla faces lawsuit over fatal autopilot crash involving motorcyclist

Consumer inflation in South Korea picked up in July, driven by supply-side pressures and bad weather, breaking three consecutive months of decline. The consumer price index climbed 2.

South Korean inflation edges upward amid supply-side pressures and weather anomalies

Growth in worker productivity in the US gained steam, underscoring lighter labour-cost pressures and a better outlook for inflation. Nonfarm productivity, or the amount an hourly worker produces per hour, rose at an annualised rate of 2.

Surge in US worker productivity illuminates positive inflation trajectory

For a sixth straight time, the Czech Republic's central bank lowered its key interest rate on Thursday as the country's inflation slows and the economy bounces back at a slower-than-anticipated rate.

Czech central bank continues rate cuts amid slow economy recovery

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Zee News Rajasthan

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Hardik Bhardwaj

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