Thursday, September 10
Boeing is in talks to sell as many as 500 jets to China, Bloomberg News reported on Thursday, citing people familiar with the matter. Shares of the U.S. planemaker rose 2% before the market open as the potential order would be China's first major purchase of Boeing jets since U.S. President Donald Trump's visit in his previous term. The two sides are negotiating the details such as jet models, types and delivery schedules, the report said, adding that the order could be the centerpiece of a trade deal between the world's two largest economies. Boeing did not immediately respond to a Reuters request for comment. Such a big deal would be a breakthrough for Boeing in the world's second largest aviation market, where orders have stalled amid U.S.-China trade tensions. It would also help Boeing
Mumbai: UltraTech Cement will sell up to 6.49% stake in India Cements through an offer for sale, the company informed the stock exchanges on Wednesday.India Cements is an independently listed subsidiary of UltraTech Cement, in which it held 81.49% stake at the end of the June quarter.UltraTech Cement will sell up to 20.1 million equity shares of the company, which will help it pare its stake to 75%, in line with the norms of the Securities and Exchange Board of India (Sebi). The sale will be conducted on August 21-22. The floor price for the offer will be ₹368, the company said. At this price, the stake sale is likely to bring in nearly ₹740 crore for UltraTech Cement.123420062Chennai-based India Cements was acquired by UltraTech Cement in 2024. UltraTech Cement first bought out the pr
Washington: The two Federal Reserve policymakers who dissented against the US central bank decision's to leave interest rates unchanged last month appear not to have been joined by other policymakers in voicing support for lowering rates at that meeting, a readout of the gathering released on Wednesday showed."Almost all participants viewed it as appropriate to maintain the target range for the federal funds rate at 4.25% to 4.50% at this meeting," the minutes of the July 29-30 meeting said.Fed vice chair for supervision Michelle Bowman and Governor Christopher Waller both voted against the decision to leave the benchmark interest rate unchanged, favouring instead a quarter-percentage-point reduction to guard against further weakening of the job market. It was the first time since 1993 tha
The Rajya Sabha on Thursday cleared the Promotion and Regulation of Online Gaming Bill, 2025 without discussion, a day after its passage in the Lok Sabha.The said Bill bans all online games played with money, in a bid to curb addiction, money laundering, suicides and financial fraud linked to such platforms. The legislation, passed by voice vote amid opposition protests, prohibits not just the offering of online money games but also their advertisements. It further bars banks and financial institutions from facilitating or transferring funds for these activities. Minister of Electronics and Information Technology Ashwini Vaishnaw made brief remarks before the Bill’s passage.The government has also highlighted that the Bill aims at the 'greater good' for the society. According to a PTI r
