Articles for tag: Action, Attempts, Bold, Chinas, Crucial, Deflation, Economic, Grapple, Meet, Officials, Property, Sector, Skepticism, Stimulus, Struggling

Market News

China’s bold economic stimulus attempts meet skepticism as officials grapple with deflation and a struggling property sector. Immediate action is crucial.

China’s bold economic stimulus attempts meet skepticism as officials grapple with deflation and a struggling property sector. Immediate action is crucial.

China’s recent economic measures, aimed at strengthening the Market, have sparked optimism among investors. The government’s “blitz” stimulation package includes an interest rate cut and financial aid for the impoverished, reflecting an assertive response to current challenges like post-pandemic recovery and a struggling property sector. However, reliance on military metaphors such as “bazooka” can be ...

Market News

IMAX, once struggling for acceptance, now thrives globally, transforming cinema into immersive events, as CEO Richard Gelfond reveals ambitions.

IMAX, once struggling for acceptance, now thrives globally, transforming cinema into immersive events, as CEO Richard Gelfond reveals ambitions.

IMAX has transformed from struggling for recognition to becoming a leading technology brand in the cinema industry. In a recent interview, CEO Richard Gelfond discussed IMAX’s significant role in the global cinema ecosystem, emphasizing its commitment to creating immersive experiences. IMAX not only presents films but also hosts live events, such as concerts and sports, ...

Market News

Qualcomm considers acquiring struggling Intel, sparking potential landmark deal amidst Intel’s drastic turnaround efforts and market decline.

Qualcomm considers acquiring struggling Intel, sparking potential landmark deal amidst Intel’s drastic turnaround efforts and market decline.

Qualcomm is exploring the possibility of acquiring Intel amid the latter’s ongoing struggles in the semiconductor industry. The California-based company has proposed a friendly takeover, considering the purchase of all or part of Intel. This potential deal could be historic, especially as Intel faces significant challenges, including a sharp decline in its stock value over ...

Market News

Intel shares surged on takeover talks with Qualcomm, sparking hopes for a transformative deal in the struggling chip industry.

Intel shares surged on takeover talks with Qualcomm, sparking hopes for a transformative deal in the struggling chip industry.

Intel Corp. shares surged following reports from the Wall Street Journal that Qualcomm Inc. has approached Intel for a potential takeover, which could set a record for the semiconductor industry. Although discussions are ongoing, a deal is far from certain. Intel’s stock rose 3.4% to $21.87 but remains down 56% for the year, reflecting ongoing ...

Market News

PhysicsWallah secures 0M funding, soaring to a .8 billion valuation, igniting hope in India’s struggling edtech landscape.

PhysicsWallah secures $210M funding, soaring to a $2.8 billion valuation, igniting hope in India’s struggling edtech landscape.

PhysicsWallah, the renowned edtech unicorn founded by Alakh Pandey, has successfully raised $210 million in a recent funding round led by Hornbill Capital. This investment boosts the company’s valuation to an impressive $2.8 billion, a 2.5 times increase from its previous valuation of $1.1 billion. The latest funding comes at a challenging time for the ...

Market News

SpiceJet’s 8 million share sale attracts major investors amidst financial turmoil, aiming to revive its struggling operations and fleet.

SpiceJet’s $358 million share sale attracts major investors amidst financial turmoil, aiming to revive its struggling operations and fleet.

SpiceJet Ltd. has successfully attracted bids worth $358 million for its share sale, drawing interest from notable investors such as Tata Mutual Fund and Authum Investment. This move comes as the airline, based in Gurugram near New Delhi, struggles with staff furloughs and delayed tax payments. The share sale, offered at a discounted price of ...

Market News

Amid massive investments, India’s semiconductor strategy falters, struggling with objectives and workforce shortages in a complex global market.

Amid massive investments, India’s semiconductor strategy falters, struggling with objectives and workforce shortages in a complex global market.

India is investing significantly in its semiconductor industry, with plans to allocate up to $21 billion to boost production. However, a clear strategy is needed to ensure effective use of these funds. The government aims for self-reliance, but achieving true semiconductor independence is unrealistic, even for powerhouses like the U.S. Instead of focusing solely on ...

Market News

MTNL, struggling financially for years, relies on government support again for a critical bond interest payment due September 24.

MTNL, struggling financially for years, relies on government support again for a critical bond interest payment due September 24.

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom company, is facing financial difficulties and has struggled with losses almost every year since 2008, with only one profitable year in 2013-14. The government has announced that it will step in to cover MTNL’s upcoming interest payment on bonds due on September 24. Recently, MTNL communicated that ...

Market News

India’s import tax hike on edible oils aims to support struggling farmers, dramatically impacting global prices amid election pressures.

India’s import tax hike on edible oils aims to support struggling farmers, dramatically impacting global prices amid election pressures.

India has increased import taxes on crude and refined edible oils by 20 percentage points to support local farmers facing low oilseed prices. This decision raises the total import duty on palm oil, soyoil, and sunflower oil to 27.5%, significantly impacting the prices of these oils and potentially reducing demand from overseas. The new duties ...

Market News

Union Minister K Rammohan Naidu pledges support for struggling SpiceJet amidst soaring demand in India’s airline industry.

Union Minister K Rammohan Naidu pledges support for struggling SpiceJet amidst soaring demand in India’s airline industry.

Union Minister K Rammohan Naidu has addressed the challenges faced by SpiceJet, emphasizing the government’s commitment to ensuring a balance in aviation operations amid rising demand in India. The airline is currently under increased scrutiny due to its financial and legal difficulties, with the Directorate General of Civil Aviation implementing enhanced surveillance measures. Naidu highlighted ...

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