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United Airlines confirmed its largest ever order for Boeing and Airbus jets. Watch this report to know more.

World Business Watch: Largest-ever order for boeing, airbus jets

Saudi Arabia's crown prince Mohammed Bin Salman has announced plans to launch a second national airline. The move is part of a strategy of the country to diversify from oil by biggest Arab economy.

World Business Watch: New flag carrier by the biggest Arab economy

In line with its 25-year milestone in India, South Korean automaker Hyundai rolled out its 10 millionth car from its India plant, located in the outskirts of the southern city of Chennai.

Hyundai began operations of this manufacturing facility in September 1998, which is also Hyundai’s first integrated car manufacturing plant outside Korea. The brand’s latest SUV offering Alcazar was the 10 millionth vehicle that was rolled out&nbsp;earlier in the day.&nbsp;

According to the company, Hyundai became India’s leading exporter of SUVs, with over 2 lakh units of Creta&nbsp;and Venue&nbsp;having shipped to overseas markets such as Mexico, Saudi Arabia, South Africa, Nepal and Chile.

With regards to the hatchback i20, they said it was being exported across Africa and Latin America. The company has also started exporting via the railroad route to Nepal, from Walajabad Railway hub&nbsp;near their plant.&nbsp;

It was in early 2020 that the brand surpassed the export of 3 million vehicles from India, by shipping cars to 88 countries. The company said that they have so far invested $4 billion in the Indian economy, employ a 15,000-strong workforce and has paved the way for generating 2.5 lakh jobs in Tamil Nadu.&nbsp;

Commenting on the occasion of the fastest 10 million car roll out, S S Kim, MD &amp; CEO, Hyundai Motor India Ltd., said, “This historic milestone of the 10 millionth car roll-out is a testimony of Hyundai’s commitment towards the Make in India initiative. Furthermore, it also showcases our vision of boosting the socio-economic development in the state of Tamil Nadu and making the country more self-reliant”.

The company also inaugurated a slew of welfare initiatives for the people in neighbouring districts. This included a child care centre benefitting 500 people annually, 1,500-seater community hall, donation of ventilators to the government hospital, support to self-help groups and dairy farming programs.

In line with its 25-year milestone in India, South Korean automaker Hyundai rolled out its 10 millionth car from its India plant, located in the outskirts of the southern city of Chennai.

In line with its 25-year milestone in India, South Korean automaker Hyundai rolled out its 10 millionth car from its India plant, located in the outskirts of the southern city of Chennai. Hyundai began operations of this manufacturing facility in September 1998, which is also Hyundai’s first integrated car manufacturing plant outside Korea. The brand’s latest SUV offering Alcazar was the 10 millionth vehicle that was rolled out earlier in the day. According to the company, Hyundai became India’s leading exporter of SUVs, with over 2 lakh units of Creta and Venue having shipped to overseas markets such as Mexico, Saudi Arabia, South Africa, Nepal and Chile. With regards to the hatchback i20, they said it was being exported across Africa and Latin America. The company has also started exporting via the railroad route to Nepal, from Walajabad Railway hub near their plant. It was in early 2020 that the brand surpassed the export of 3 million vehicles from India, by shipping cars to 88 countries. The company said that they have so far invested $4 billion in the Indian economy, employ a 15,000-strong workforce and has paved the way for generating 2.5 lakh jobs in Tamil Nadu. Commenting on the occasion of the fastest 10 million car roll out, S S Kim, MD & CEO, Hyundai Motor India Ltd., said, “This historic milestone of the 10 millionth car roll-out is a testimony of Hyundai’s commitment towards the Make in India initiative. Furthermore, it also showcases our vision of boosting the socio-economic development in the state of Tamil Nadu and making the country more self-reliant”. The company also inaugurated a slew of welfare initiatives for the people in neighbouring districts. This included a child care centre benefitting 500 people annually, 1,500-seater community hall, donation of ventilators to the government hospital, support to self-help groups and dairy farming programs.

10 million cars rolled out from Indian factory in 25 years: Hyundai

As the Japanese Conglomerate downgrades its industry ambitions reports say Softbank is now slashing jobs at Global Robotics business.

World Business Watch: Japanese Conglomerate downgrades ambitions

Ford Motor Co said its financial services arm, Ford Credit, would wind down operations in Brazil and Argentina and take a non-cash charge of up to $375 million.

World Business Watch: Ford Credit to wind down operations in Brazil and Argentina

With an aim to give a boost to economy at a time when countries facing economic distress due to second COVID wave, Finance Minister of India Nirmala Sitharaman has announced the sleeve of relief measures.

World Business Watch: Finance Minister Nirmala Sitharaman announces relief measures

After hitting their highest level since 2018 earlier in this session yesterday oil prices have come down by two percent today to one week low.

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Japanese retail sales beat expectations in May as households loosened their purse strings, but underlying trends in consumption remain hostage to COVID-19 linked pressures.

World Business Watch: Japanese retail sales beat expectations in May

Google took down two Google Maps documents on Monday that had listed the names and addresses of hundreds of Thai activists, who were accused by royalists of opposing the monarchy, the technology company said. 
 
Thai royalist activist Songklod 'Pukem' Chuenchoopol said he and a team of 80 volunteers had created the maps and planned to report everyone named on them to police on accusations of insulting the monarchy. 
 
A spokesperson for Alphabet's Google said by email 'the issue is now fixed', and noted: "We have clear policies about what's acceptable for user generated My Maps content. We remove user generated maps that violate our policies." 
 
A version of one of the maps included the names and addresses of nearly 500 people, many of them students, together with their photos in university or high school uniforms. It had received over 350,000 views. 
 
The faces of those named had been covered by black squares with the number 112, in reference to the article under the country's criminal code, which makes insulting or defaming the monarchy punishable by up to 15 years in prison. 
 
Neither map could be accessed on late Monday. 
 
Songklod said that he and the team of volunteers sought to highlight those they accused of breaking that law. 
 
"When each of us sees something offensive posted on social media, we put it on the map," he said. Describing it as a 'psychological' warfare operation, Songklod said the aim was to dissuade people from online criticism of the monarchy. 
 
Youth-led protests that began last year brought unprecedented criticism of the monarchy and calls for its reform both on the streets and online. 
 
The government did not immediately respond to comment on the removal of the Google Maps or the content they contained. 
 
Songklod, 54, a retired army captain and prominent right-wing activist, said he considered the operation targeting opponents of the monarchy a 'massive success' despite the removal of the maps. 
 
The royalist activist said the content in them had come from public research. 
 
Human rights groups and critics of the establishment said the maps included the private data and addresses of hundreds of people and could put them at risk of violence. 
 
"I started to get panicked messages from young people in Thailand who had been doxxed in a royalist document on Google Maps accusing them of being anti-monarchy," said Andrew MacGregor Marshall, a Scotland-based critic of the monarchy and one of the earliest to highlight the existence of the maps. 
 
"It’s clear that young Thai people who just want democracy are facing worsening risks."

(With inputs from agencies)

Google took down two Google Maps documents on Monday that had listed the names and addresses of hundreds of Thai activists, who were accused by royalists of opposing the monarchy, the technology company said.

Google took down two Google Maps documents on Monday that had listed the names and addresses of hundreds of Thai activists, who were accused by royalists of opposing the monarchy, the technology company said. Thai royalist activist Songklod 'Pukem' Chuenchoopol said he and a team of 80 volunteers had created the maps and planned to report everyone named on them to police on accusations of insulting the monarchy. A spokesperson for Alphabet's Google said by email 'the issue is now fixed', and noted: "We have clear policies about what's acceptable for user generated My Maps content. We remove user generated maps that violate our policies." A version of one of the maps included the names and addresses of nearly 500 people, many of them students, together with their photos in university or high school uniforms. It had received over 350,000 views. The faces of those named had been covered by black squares with the number 112, in reference to the article under the country's criminal code, which makes insulting or defaming the monarchy punishable by up to 15 years in prison. Neither map could be accessed on late Monday. Songklod said that he and the team of volunteers sought to highlight those they accused of breaking that law. "When each of us sees something offensive posted on social media, we put it on the map," he said. Describing it as a 'psychological' warfare operation, Songklod said the aim was to dissuade people from online criticism of the monarchy. Youth-led protests that began last year brought unprecedented criticism of the monarchy and calls for its reform both on the streets and online. The government did not immediately respond to comment on the removal of the Google Maps or the content they contained. Songklod, 54, a retired army captain and prominent right-wing activist, said he considered the operation targeting opponents of the monarchy a 'massive success' despite the removal of the maps. The royalist activist said the content in them had come from public research. Human rights groups and critics of the establishment said the maps included the private data and addresses of hundreds of people and could put them at risk of violence. "I started to get panicked messages from young people in Thailand who had been doxxed in a royalist document on Google Maps accusing them of being anti-monarchy," said Andrew MacGregor Marshall, a Scotland-based critic of the monarchy and one of the earliest to highlight the existence of the maps. "It’s clear that young Thai people who just want democracy are facing worsening risks." (With inputs from agencies)

Google takes down maps targeting hundreds of Thais accused of opposing king

Uber Technologies Inc will let employees work half their hours from wherever they want as part of its revamped return-to-office strategy, the transport app company plans to announce on Tuesday, according to a person familiar with the matter. 
 
In one of the most flexible policies offered yet by a big US&nbsp;tech company as the COVID-19 pandemic eases, Uber plans to say that those working in offices need to spend at least 50% of their time there. 
 
But unlike many other companies the policy does not mean at least three days per week in the office, the source said. Instead, workers can show up five days one week and zero the next. 
 
The plan is a reversal from April when Uber said that from September 'employees can work from home up to two days a week, but with a clear expectation that they also come into the office three days a week'. 
 
When working remotely, employees can be wherever, including at home, with family or even more exotic destinations. They will be encouraged to try working away from their regular home for four weeks a year, the source said. 
 
The company on Tuesday also is expected to say it will begin allowing more employees to work remotely all the time. 
 
Online news outlet Insider first reported details of the plan on Monday.

Uber Technologies Inc will let employees work half their hours from wherever they want as part of its revamped return-to-office strategy, the transport app company plans to announce on Tuesday, according to a person familiar with the matter.

Uber Technologies Inc will let employees work half their hours from wherever they want as part of its revamped return-to-office strategy, the transport app company plans to announce on Tuesday, according to a person familiar with the matter. In one of the most flexible policies offered yet by a big US tech company as the COVID-19 pandemic eases, Uber plans to say that those working in offices need to spend at least 50% of their time there. But unlike many other companies the policy does not mean at least three days per week in the office, the source said. Instead, workers can show up five days one week and zero the next. The plan is a reversal from April when Uber said that from September 'employees can work from home up to two days a week, but with a clear expectation that they also come into the office three days a week'. When working remotely, employees can be wherever, including at home, with family or even more exotic destinations. They will be encouraged to try working away from their regular home for four weeks a year, the source said. The company on Tuesday also is expected to say it will begin allowing more employees to work remotely all the time. Online news outlet Insider first reported details of the plan on Monday.

Uber to let office staff work up to half their time from anywhere: Source

The Small Industries Development Bank of India (SIDBI) and the Global Alliance for Mass Entrepreneurship (GAME) have entered into an MoU to help the MSMEs address their challenges that were accentuated during the pandemic, along with the longstanding capacity gaps in the sector. 
 
The broad themes covered under the MoU include expanding credit access, increasing formalisation, building competitive clusters, and improving the legal framework for ease of doing business. 
 
The two organisations committed that at least 25 per cent of beneficiaries from the partnership would be women entrepreneurs.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/india-suffers-record-job-losses-in-april-amid-second-wave-384823">India suffers record job losses in April amid second wave</a> 
 
"This long-standing experience combined with the force of GAME`s 80+diverse partner alliance should ease the access to credit and a range of new support services for MSMEs at large scale," GAME Co-founder Mekin Maheshwari said. 
 
Some of the focus areas of the partnership will be scaling up Udyam Registration as a unique ID for an MSME to access schemes across the entire MSME universe, leveraging SIDBI`s financial schemes to further formalise enterprises, among others. 
 
"We hope the power of the Alliance can be leveraged for nation building efforts such as formalising MSMEs, and substantially improving access to credit&amp; non-financial services," SIDBI Chairman and Managing Director, Sivasubramanian Raman, said.

The Small Industries Development Bank of India (SIDBI) and the Global Alliance for Mass Entrepreneurship (GAME) have entered into an MoU to help the MSMEs address their challenges that were accentuated during the pandemic, along with the longstanding capacity gaps in the sector.

The Small Industries Development Bank of India (SIDBI) and the Global Alliance for Mass Entrepreneurship (GAME) have entered into an MoU to help the MSMEs address their challenges that were accentuated during the pandemic, along with the longstanding capacity gaps in the sector. The broad themes covered under the MoU include expanding credit access, increasing formalisation, building competitive clusters, and improving the legal framework for ease of doing business. The two organisations committed that at least 25 per cent of beneficiaries from the partnership would be women entrepreneurs. Also read | India suffers record job losses in April amid second wave "This long-standing experience combined with the force of GAME`s 80+diverse partner alliance should ease the access to credit and a range of new support services for MSMEs at large scale," GAME Co-founder Mekin Maheshwari said. Some of the focus areas of the partnership will be scaling up Udyam Registration as a unique ID for an MSME to access schemes across the entire MSME universe, leveraging SIDBI`s financial schemes to further formalise enterprises, among others. "We hope the power of the Alliance can be leveraged for nation building efforts such as formalising MSMEs, and substantially improving access to credit& non-financial services," SIDBI Chairman and Managing Director, Sivasubramanian Raman, said.

SIDBI ties up with Global Alliance for Mass Entrepreneurship to help MSMEs revive

Indian economy is going through many ups and downs. Various rating agency's including Moody's have slashed growth projection for India. Moody's Vice President- Senior Credit Officer, Madhavi Bokil talks to WION on India's economic revival and major challenges to its growth this fiscal?

Economic impact of first wave severer than second wave in India: Madhavi Bokil

The US Federal Aviation Administration (FAA) has told Boeing that its planned 777X is not yet ready for a significant certification step and warned it "realistically" will not certify the airplane until mid-to-late 2023.

World Business Watch: US FAA says no realistic approval before mid-2023 for Boeing 777X

Volkswagen's Mexico unit has said it expects to restart production of several segments from next week and in July after output was curtailed by a global semiconductor chip supply crunch.

World Business Watch: Volkswagen's Mexico to resume production hit by global chip shortage

Britain's financial regulator has said Binance, one of the world's largest cryptocurrency exchanges, cannot conduct any regulated activity and issued a warning to consumers about the platform, which is coming under growing scrutiny globally.

World Business Watch: Britain bans Binance's UK operations in latest cryptocurrency crackdown

Panasonic Corp sold its stake in electric car maker&nbsp;Tesla&nbsp;Inc for about 400 billion yen ($3.61 billion) in the year ended March, a spokesperson for the Japanese company said on Friday.

The sale comes as the bicycles-to-hair dryers conglomerate is seeking to reduce its dependence on&nbsp;Tesla&nbsp;and raise cash for investments.

Panasonic's battery business is dominated by Elon Musk's&nbsp;Tesla, but the two firms have had a tense relationship at times with executives trading barbs publicly.

Panasonic bought 1.4 million&nbsp;Tesla&nbsp;shares at $21.15 each in 2010 for about $30 million. That stake was worth $730 million at the end of March 2020. The shares have gained almost seven fold since then and closed up 3.5 per cent&nbsp;at $679.82 apiece on Thursday.

"The impact of crypto assets may have pushed&nbsp;Tesla's share price above its intrinsic value, making it a good time to sell," said Hideki Yasuda, an analyst at Ace Research Institute.

Musk said in February his firm bought bitcoin and would take payment in the cryptocurrency, a decision he later reversed, and his comments on Twitter drive swings in the price of such assets.

While Panasonic gave financial backing to&nbsp;Tesla&nbsp;when it was smaller, the automaker's expansion means there's no need for capital ties, Yasuda added. Panasonic's shares closed up 4.9&nbsp;per cent&nbsp;&nbsp;on Friday.

The stake sale will not affect the partnership with&nbsp;Tesla, the Panasonic spokesperson said, and was made as part of a review of shareholdings in line with corporate governance guidelines.

The sale comes as the automaker is diversifying its own battery supply chain.

Tesla&nbsp;has struck deals with South Korea's LG Energy Solution, a unit of LG Chem, and China's CATL, with Reuters reporting the latter is planning a plant in Shanghai near the automaker's production base.

Panasonic said earlier this year it would buy the shares&nbsp;of US&nbsp;supply-chain software company Blue Yonder that it does not already own, in a $7.1 billion deal. Its biggest such deal in a decade, the price raised the eyebrows of analysts who pointed to the firm's spotty M&amp;A track record.

Panasonic Corp sold its stake in electric car maker Tesla Inc for about 400 billion yen ($3.61 billion) in the year ended March, a spokesperson for the Japanese company said on Friday.

Panasonic Corp sold its stake in electric car maker Tesla Inc for about 400 billion yen ($3.61 billion) in the year ended March, a spokesperson for the Japanese company said on Friday. The sale comes as the bicycles-to-hair dryers conglomerate is seeking to reduce its dependence on Tesla and raise cash for investments. Panasonic's battery business is dominated by Elon Musk's Tesla, but the two firms have had a tense relationship at times with executives trading barbs publicly. Panasonic bought 1.4 million Tesla shares at $21.15 each in 2010 for about $30 million. That stake was worth $730 million at the end of March 2020. The shares have gained almost seven fold since then and closed up 3.5 per cent at $679.82 apiece on Thursday. "The impact of crypto assets may have pushed Tesla's share price above its intrinsic value, making it a good time to sell," said Hideki Yasuda, an analyst at Ace Research Institute. Musk said in February his firm bought bitcoin and would take payment in the cryptocurrency, a decision he later reversed, and his comments on Twitter drive swings in the price of such assets. While Panasonic gave financial backing to Tesla when it was smaller, the automaker's expansion means there's no need for capital ties, Yasuda added. Panasonic's shares closed up 4.9 per cent on Friday. The stake sale will not affect the partnership with Tesla, the Panasonic spokesperson said, and was made as part of a review of shareholdings in line with corporate governance guidelines. The sale comes as the automaker is diversifying its own battery supply chain. Tesla has struck deals with South Korea's LG Energy Solution, a unit of LG Chem, and China's CATL, with Reuters reporting the latter is planning a plant in Shanghai near the automaker's production base. Panasonic said earlier this year it would buy the shares of US supply-chain software company Blue Yonder that it does not already own, in a $7.1 billion deal. Its biggest such deal in a decade, the price raised the eyebrows of analysts who pointed to the firm's spotty M&A track record.

Panasonic sells Tesla stake for $3.6 billion

India is particularly vulnerable as any increase in global prices can affect its import bill, stoke inflation, and widen trade deficit.

Brent Crude settles at $75.56 a barrel

Biden said the $1.2 trillion plan includes investments that are “so badly needed” in transportation, water infrastructure, sustainable power and energy investments, and more.

Biden, senators tentatively agree on $1.2 trillion infrastructure plan

The aviation and tourism industry has been hammered since the start of the pandemic, after governments were forced to close down international leisure travel to try to stop passengers importing the virus.

UK prepares to ease travel curbs for fully vaccinated

In a global economy defined by extreme forms of inequality, the pandemic has widened the divide.

Now, fears that the world may emerge from the pandemic more unequal than ever have prompted a substantial effort to close the gap: Under a proposal nearing completion, the International Monetary Fund would issue $650 billion worth of reserve funds, essentially creating money that troubled countries could use to purchase vaccines, finance health care and pay down debt.

The IMF’s executive board is expected to advance the proposal during a meeting Friday before forwarding it for final approval to its board of governors, which comprises representatives of the fund’s 190 member nations. Officials hope it will gain final passage by August.

The International Monetary Fund’s approach involves not money but so-called special drawing rights — reserve funds that the institution credits to the accounts of its member nations. Governments can swap these SDRs for regular currency, to spend as needed.

Under the rules governing the IMF, member nations contribute to the institution’s coffers, with their obligations determined largely by the size of their economies. The new reserves would be distributed according to this ranking, meaning that the largest economic powers like the United States would gain the biggest tranche.

Fund officials are crafting a plan under which wealthier member countries would transfer some of their reserves to poorer countries to allow an expansion of debt reduction and poverty-fighting programs.

IMF managing director Kristalina Georgieva said the fund’s plan would rely on “encouraging voluntary channeling of some of the SDRs,” with a goal of yielding “$100 billion for the poorest and most vulnerable countries.”

The United States is prepared to make available about one-fifth of its allocation, worth approximately $20 billion, said a Treasury official who spoke on condition of anonymity. The Biden administration is seeking to persuade other members of the Group of 7 to contribute similar shares.

In Washington, the universal nature of the proposed allocation has stirred up opposition from Republicans, who argue that it would burnish the finances of U.S. adversaries like China, Russia and Iran while doing little to help poor countries.

Sen. John Kennedy, R-La., this month introduced a bill that would block special drawing rights allocations from going to “perpetrators of genocide and state sponsors of terrorism” without approval from Congress.

In a global economy defined by extreme forms of inequality, the pandemic has widened the divide. Now, fears that the world may emerge from the pandemic more unequal than ever have prompted a substantial effort to close the gap: Under a proposal nearing completion, the International Monetary Fund would issue $650 billion worth of reserve funds, essentially creating money that troubled countries could use to purchase vaccines, finance health care and pay down debt.

In a global economy defined by extreme forms of inequality, the pandemic has widened the divide. Now, fears that the world may emerge from the pandemic more unequal than ever have prompted a substantial effort to close the gap: Under a proposal nearing completion, the International Monetary Fund would issue $650 billion worth of reserve funds, essentially creating money that troubled countries could use to purchase vaccines, finance health care and pay down debt. The IMF’s executive board is expected to advance the proposal during a meeting Friday before forwarding it for final approval to its board of governors, which comprises representatives of the fund’s 190 member nations. Officials hope it will gain final passage by August. The International Monetary Fund’s approach involves not money but so-called special drawing rights — reserve funds that the institution credits to the accounts of its member nations. Governments can swap these SDRs for regular currency, to spend as needed. Under the rules governing the IMF, member nations contribute to the institution’s coffers, with their obligations determined largely by the size of their economies. The new reserves would be distributed according to this ranking, meaning that the largest economic powers like the United States would gain the biggest tranche. Fund officials are crafting a plan under which wealthier member countries would transfer some of their reserves to poorer countries to allow an expansion of debt reduction and poverty-fighting programs. IMF managing director Kristalina Georgieva said the fund’s plan would rely on “encouraging voluntary channeling of some of the SDRs,” with a goal of yielding “$100 billion for the poorest and most vulnerable countries.” The United States is prepared to make available about one-fifth of its allocation, worth approximately $20 billion, said a Treasury official who spoke on condition of anonymity. The Biden administration is seeking to persuade other members of the Group of 7 to contribute similar shares. In Washington, the universal nature of the proposed allocation has stirred up opposition from Republicans, who argue that it would burnish the finances of U.S. adversaries like China, Russia and Iran while doing little to help poor countries. Sen. John Kennedy, R-La., this month introduced a bill that would block special drawing rights allocations from going to “perpetrators of genocide and state sponsors of terrorism” without approval from Congress.

This is the plan to rescue poor countries from the pandemic

In the face of mixed global indications, India's stock market indices, the Sensex and Nifty closed higher on Thursday, led by robust gains in the IT and metal sectors. 
Broader markets ended mixed, with the midcap index falling and the smallcap index rising marginally.&nbsp;

Sensex ended up 392.92 points or 0.75% at 52699.00, and the Nifty jumped 103.50 points or 0.66% at 15790.50.&nbsp;

IT stocks rallied led by TCS, Infosys and Tech Mahindra. On the other hand, Reliance Industries, Coal India and Indian Oil Corporation are the top losers. About 1415 shares have advanced, 1717 shares declined, and 135 shares are unchanged.

Among the sectors, Nifty IT jumped over 2 per cent followed by metals and banks. Pharma and energy stocks dragged the most.

(With inputs from agencies)

In the face of mixed global indications, India's stock market indices, the Sensex and Nifty closed higher on Thursday, led by robust gains in the IT and metal sectors.

In the face of mixed global indications, India's stock market indices, the Sensex and Nifty closed higher on Thursday, led by robust gains in the IT and metal sectors. Broader markets ended mixed, with the midcap index falling and the smallcap index rising marginally. Sensex ended up 392.92 points or 0.75% at 52699.00, and the Nifty jumped 103.50 points or 0.66% at 15790.50. IT stocks rallied led by TCS, Infosys and Tech Mahindra. On the other hand, Reliance Industries, Coal India and Indian Oil Corporation are the top losers. About 1415 shares have advanced, 1717 shares declined, and 135 shares are unchanged. Among the sectors, Nifty IT jumped over 2 per cent followed by metals and banks. Pharma and energy stocks dragged the most. (With inputs from agencies)

Sensex jumps 393 points, Nifty ends above 15,750 led by IT, metals

Some 12% of all Swiss banknotes in circulation are kept by people at home as stores of value, according to the study.

Stashed cash doesn't affect Swiss monetary policy

McAfee was arrested last October at Barcelona’s international airport and had been in jail since then awaiting the outcome of extradition proceedings.

Antivirus founder John McAfee found dead in Spanish prison

In the order dated June 22, CCI said that it found Google 'prima facie' in violation of India's antitrust regulations and asked the CCI Director General to launch a probe into the matter.

CII orders investigation into google for antitrust practices

Microsoft Corporation on Tuesday became the second US public company to hit $2 trillion in&nbsp; market value, briefly joining the league of Apple Inc. The company’s value was elevated due to its dominance in cloud computing and enterprise software, which is expected to keep improving in the post-Covid world.

In New York, Microsoft’s shares rose by as much as 1.2 per cent on Tuesday, allowing the company to sit on the elite table with Apple. But before closing, the company fell short of the mark at $265.51. In December 2019, Saudi Aramco almost touched that threshold and currently boasts a market value of $1.9 trillion.

Microsoft’s resurgence to glory has largely been credited to its Chief Executive Officer Satya Nadella who took over in 2014. Under his watch, the company has become the largest seller of cloud-computing software taking into account both is Office application and infrastructure cloud units.

Interestingly enough, Microsoft is perhaps the only giant technology company in the US to have escaped the watchful eye of American antitrust regulators, due to which the company has been able to acquire and expand on its own terms. This year, Microsoft has clocked in 19 per cent, much higher than Apple and Amazon (dot) com Inc.

Also read:&nbsp;<a href="http://13.235.153.162/technology/unable-to-travel-home-microsoft-staff-slept-in-data-centres-during-covid-19-lockdown-executive-391530" hreflang="en">Unable to travel home, Microsoft staff slept in data centres during COVID-19 lockdown: Executive</a>

Microsoft is doing it all - be it gaming through its Xbox offerings, cloud services, automation, artificial intelligence and even analytics.

The company was founded by Bill Gates and Paul Allen in 1975 and is largely credit for creating the computer software industry as we know today. But it has not always had a smooth sailing. In 1998, the company was hit with an antitrust lawsuit by the US government for bundling its product with Microsoft software in a bid to rival browsers like Netscape.&nbsp; In 2000, a federal judge found the company guilty.

To reach $1 trillion value, the company took 33 years from its IPO. For the next trillion, it only took two years! Apple, too made history by reaching $2 trillion last year. Amazon has a market cap of $1.8 trillion while Google’s parent company Alphabet has a valuation of $1.6 trillion.

Also read:&nbsp;<a href="http://13.235.153.162/technology/microsoft-names-ceo-satya-nadella-as-chairman-of-the-board-392058" hreflang="en">Microsoft names CEO Satya Nadella as chairman of the board</a>

Microsoft Corporation on Tuesday became the second US public company to hit $2 trillion in market value, briefly joining the league of Apple Inc. The company’s value was elevated due to its dominance in cloud computing and enterprise software, which is expected to keep improving in the post-Covid world.

Microsoft Corporation on Tuesday became the second US public company to hit $2 trillion in market value, briefly joining the league of Apple Inc. The company’s value was elevated due to its dominance in cloud computing and enterprise software, which is expected to keep improving in the post-Covid world. In New York, Microsoft’s shares rose by as much as 1.2 per cent on Tuesday, allowing the company to sit on the elite table with Apple. But before closing, the company fell short of the mark at $265.51. In December 2019, Saudi Aramco almost touched that threshold and currently boasts a market value of $1.9 trillion. Microsoft’s resurgence to glory has largely been credited to its Chief Executive Officer Satya Nadella who took over in 2014. Under his watch, the company has become the largest seller of cloud-computing software taking into account both is Office application and infrastructure cloud units. Interestingly enough, Microsoft is perhaps the only giant technology company in the US to have escaped the watchful eye of American antitrust regulators, due to which the company has been able to acquire and expand on its own terms. This year, Microsoft has clocked in 19 per cent, much higher than Apple and Amazon (dot) com Inc. Also read: Unable to travel home, Microsoft staff slept in data centres during COVID-19 lockdown: Executive Microsoft is doing it all - be it gaming through its Xbox offerings, cloud services, automation, artificial intelligence and even analytics. The company was founded by Bill Gates and Paul Allen in 1975 and is largely credit for creating the computer software industry as we know today. But it has not always had a smooth sailing. In 1998, the company was hit with an antitrust lawsuit by the US government for bundling its product with Microsoft software in a bid to rival browsers like Netscape. In 2000, a federal judge found the company guilty. To reach $1 trillion value, the company took 33 years from its IPO. For the next trillion, it only took two years! Apple, too made history by reaching $2 trillion last year. Amazon has a market cap of $1.8 trillion while Google’s parent company Alphabet has a valuation of $1.6 trillion. Also read: Microsoft names CEO Satya Nadella as chairman of the board

Microsoft becomes second US company after Apple to touch $2 trillion market value

Indian stock markets closed in the red on Wednesday. Benchmark indices opened in the green but failed to hold at the highs and slumped.

The S&amp;P BSE Sensex index closed at 52,306 levels, down 282.6 points or 0.54 per cent while the Nifty50 index ended at 15,687 levels, down 86 points or 0.54 per cent.

Maruti Suzuki, Titan Company, Bajaj Finserv, M&amp;M, Ultratech Cement, Hero MotoCorp, and ONGC were the top gainers in the large-cap space while Adani Ports, Wipro, JSW Steel, Divis Labs, Shree Cement, L&amp;T, Kotak Bank, and TCS were the top laggards.

(With inputs from agencies)

Indian stock markets closed in the red on Wednesday. Benchmark indices opened in the green but failed to hold at the highs and slumped. The S&P BSE Sensex index closed at 52,306 levels, down 282.

Indian stock markets closed in the red on Wednesday. Benchmark indices opened in the green but failed to hold at the highs and slumped. The S&P BSE Sensex index closed at 52,306 levels, down 282.6 points or 0.54 per cent while the Nifty50 index ended at 15,687 levels, down 86 points or 0.54 per cent. Maruti Suzuki, Titan Company, Bajaj Finserv, M&M, Ultratech Cement, Hero MotoCorp, and ONGC were the top gainers in the large-cap space while Adani Ports, Wipro, JSW Steel, Divis Labs, Shree Cement, L&T, Kotak Bank, and TCS were the top laggards. (With inputs from agencies)

Sensex ends at 52,306, Nifty below 15,700