Chipotle Mexican Grill's shares soared beyond the $3,000 mark for the first time on Wednesday, closing 3.5 per cent higher after the company's board of directors approved a monumental 50-for-1 stock split.

Chipotle shares surge beyond $3,000 following historic stock split announcement

French luxury powerhouse Hermes finds itself embroiled in legal turmoil as it faces an antitrust class action lawsuit in California, centring on allegations of restricting the sale of its coveted Birkin handbags to customers deemed to have "sufficient purchase history" with the brand.

Luxury giant Hermes faces antitrust lawsuit over exclusive Birkin bag sales

Amid escalating concerns over Boeing's production schedule for its 737 aircraft series following a mid-air incident earlier this year, India's Akasa Air remains optimistic about the timely delivery of its ordered Boeing 737 MAX jets, affirmed the airline's CEO.

India's Akasa Air stays upbeat on Boeing 737 MAX delivery schedule despite production concerns

Intel Corporation has announced a $100 billion spending initiative across four states in the United States, aimed at strengthening and expanding its chip manufacturing capabilities.

Intel embarks on $100 bn investment in US chip manufacturing expansion

In a significant development for the technology IPO market, social media giant Reddit has priced its initial public offering (IPO) at the pinnacle of its indicated range, raising a staggering $748 million.

Reddit IPO hits high note, raises $748 million with top-end pricing: Report

Apple is facing impending legal action from the US Justice Department, which is expected to file a lawsuit as early as Thursday. According to a report by Bloomberg, the lawsuit accuses the tech giant of violating antitrust laws by allegedly impeding rivals from accessing essential hardware and software features of its iconic iPhone.

US Justice Department set to sue Apple for alleged antitrust violations

The US Federal Reserve has decided to maintain its benchmark interest rates at 5.25-5.50 per cent for the fifth consecutive meeting, according to an announcement made after the Federal Open Market Committee (FOMC) meeting on March 20.

Federal Reserve holds rates steady amid high projections for 2024 rate cuts

In a collective move against tech giant Apple, several prominent companies have joined forces with "Fortnite" developer Epic Games, accusing the Cupertino-based company of breaching a court-ordered injunction of payments within its App Store.

Tech giants unite against Apple's app store policies, allege breach of court order

Hindenburg Research, renowned for its critical analyses of various companies, has set its sights on Equinix, an $80 billion data centre provider, accusing the company of presenting shareholders with an "AI pipe dream" while allegedly manipulating key metrics to enhance profitability.

Hindenburg Research accuses Equinix of inflating profit metric, misleading investors

Xuan Changneng, deputy governor of the People's Bank of China (PBOC), has emphasised the ample room for manoeuvring within China's monetary policy. He highlighted the potential for additional cuts to banks' reserve requirement ratio (RRR), echoing market expectations for further easing measures to bolster the country's economy.

China's Deputy Central Bank Governor signals further monetary easing measures

In a significant move that marks a victory for Detroit automakers, the Biden administration has announced a relaxation of proposed rules that would have imposed strict requirements on manufacturers regarding the production of electric vehicles (EVs).

Biden administration relaxes EV mileage rule, providing relief to automakers

In a recent statement at the "Europe 2024" conference in Berlin, Guillaume Faury, the CEO of Airbus, expressed his deep concern over the ongoing technical issues faced by its American rival, Boeing.

Airbus CEO expresses concern over Boeing's ongoing technical issues

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Zee News Rajasthan

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Shashwat Sankranti

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