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Business News/ News / India/  Mint Evening News: Musk threatens to walk away from Twitter deal, K'taka to decide on Covid control measures

Mint Evening News: Musk threatens to walk away from Twitter deal, K'taka to decide on Covid control measures

  • Read top business news, equity market precursors, and economic and banking news updates from India and across the world for 6 June, 2022

Tesla chief Elon Musk.

Musk threatens to walk away from Twitter deal

Elon Musk is threatening to end his $44 billion agreement to buy Twitter Inc, accusing the firm of refusing to give him information about its spam bot accounts. Read more

Defence Ministry approves military modernisation projects worth 76,390 cr

The Defence Acquisition Council (DAC), in a meeting chaired by Defence Minister Rajnath Singh, on Monday approved military modernisation projects worth 76,390 crore. Read more

ACME Group to invest $6.7 bn in green hydrogen project in K'taka

Renewable energy firm ACME Group will invest 52,000 crore ($6.70 billion) in Karnataka over five years to set up a green hydrogen and ammonia plant, the state government said on Monday. Read more

Superhuman lays off 22% of staff

Email startup Superhuman has laid off 23 employees, who comprise of 22% of the staff amid downturn, according to the company's founder and CEO Rahul Vohra. Read more

India in talks to increase Russian oil imports from Rosneft

India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily-discounted supplies from Rosneft PJSC as international players turn down dealings with Moscow over its invasion of Ukraine. Read more

Karnataka to decide on imposing Covid control measures

Basavaraj Bommai, the Chief Minister of Karnataka, has indicated that the state government is expected to take a decision on imposing certain Covid-19 control measures in a couple of days, aimed at containing the high number of fresh coronavirus cases. Read more

India bond yields climb to highest in 3 years as RBI committee starts meeting

India’s sovereign bond yields breached the 7.5% level for the first time in three years as the central bank’s rate-setting panel began its three-day meeting. The benchmark 10-year yield rose as much as four basis points to 7.5%, a level last seen in 2019. Read more.

LIC share price hits new low, market cap dips below 5 lakh crore

Extending the sell-off for the fifth straight session, shares of the Life Insurance Corporation (LIC) of India nosedived to its new low today in Monday's morning deals. LIC share price today opened at 800.25 apiece levels on NSE and went on to hit new low of 786.10 apiece levels in the opening bell. Read more

Will rupee slide past 80 a dollar this year? Some analysts see a possibility

Indian rupee could slide further after hitting a historic low last month, according to analysts. The currency may drop to between 79 to 81 per dollar over the next few months, according to analysts. Read more

Some IT professionals, bankers leaving top companies. Where are they joining?

Bankers, engineers, data scientists and sales staff from Wall Street, the City of London and Silicon Valley are among those joining an exodus that picked up speed during the pandemic, according to data compiled by Revelio Labs, a workplace intelligence company. Read more

Why Adani Transmission shares are down? Experts list out reasons

After ushering in the new year 2022, Adani Transmission shares gave stellar return to its shareholders till beginning of May 2022. However, from first week of May 2022, this Adani group stock has been under sell-off heat. Read more

RBI to begin three-day monetary policy meet from today, to decide on key rates

The Reserve Bank's rate-setting panel will begin its three-day deliberations on Monday to decide the next monetary policy in the backdrop of high inflationary concerns and evolving geo-political situation. Read more.

TVS looks to raise up to $5,000 cr in EV push

TVS Motor Co. Ltd is in advanced talks to raise 4,000-5,000 crore from private equity firms to fund the expansion plan of the group’s newly formed electric mobility arm, two people with direct knowledge of the matter said. Read more

Vi looks to grow postpaid user base

Vodafone Idea Ltd plans to grow its postpaid user base and add more high-paying customers to its network through targeted marketing initiatives as part of its broader strategy to boost its average revenue per user.Read more

Inflation relief a mixed bag as prices stay high

A raft of measures by the government over the past month to cool prices has turned out to be a mixed bag so far. While fuel prices have dropped significantly, food prices appeared to be more stubborn, still hovering above where they were a month ago, a Mint analysis showed. Read more

Electric 2-wheeler sales see dip, industry says temporary blip

Registration of electric two-wheelers declined 20% from April to 39,339 in May after a surge in month-on-month sales, according to vehicle registration data on the VAHAN portal. Read more

Chew before swallowing, say AIIMS experts after man chokes on momo

Experts at the All India Institute of Medical Sciences (AIIMS) in New Delhi issued a ‘swallow with care’ warning after reporting a rare case of a man dying from choking on a dumpling.Read more

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