Category: Business

gfx
Posted in Business

Pharma industry stares down biggest patent cliff in decades

gfx Most companies sell a hit product for as long as customers want it. For drugmakers, a clock starts before a drug is even approved:…

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HDFC (Representative image/REUTERS)
Posted in Business

HDFC Bank CEO Sashidhar Jagdishan not seeking reappointment, to retire in October: Report

HDFC Bank CEO Sashidhar Jagdishan will retire in October and will not seek reappointment, the bank said in a regulatory filing. HDFC (Representative image/REUTERS) The…

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In 2020 American households earning over $500,000 a year claimed more than half the cash that government spent on income-tax breaks for charitable giving. (Unsplash)
Posted in Business

Tax breaks for charity donations should be scrapped

Over more than 20 years Sheldon Solow, an American property billionaire who died in 2020, gave a trove of art to his own foundation. This…

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China’s crude reserves have given it huge power over the global oil market—and a critical new defense against the West. (Unsplash)
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How Xi Jinping turned oil from a weakness into a geopolitical weapon

Before the U.S. attacked Iran, Beijing spent years and tens of billions of dollars amassing the world’s biggest stockpile of oil. Now, with the conflict…

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Subhash Chandra said he had only provided personal guarantees for loans taken by companies associated with the Essel Group, not personally borrowing money. (HT Photo)
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Subhash Chandra case: Why banks lose money in personal guarantor claims

The insolvency court’s approval of Zee Group founder and chairman emeritus Subhash Chandra’s ₹6.5 crore repayment plan has raised questions about how much banks can…

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Jack's Solar Garden
Posted in Business

Understanding Agrivoltaics, Aston Martin Valen and Lava’s new budget smartphone

Opening thoughts. Some of you may have noticed (and perhaps appreciated) a genuine attempt at starting our weekly Wired Wisdom conversations on a note of…

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Meta also announced an awareness campaign on recording with AI glasses. (REUTERS/ Representative)
Posted in Business

Meta glasses to stop recording if LED is covered, curbing misuse

Meta is rolling out a new update to its Artificial Intelligence glasses, which is designed to stop camera recording if someone starts filming and then…

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Regular savings and reinvested payouts can help a bond portfolio grow into an additional source of income over time.
Posted in Business

₹15,000 a Month in Passive Income: How Bonds Can Help Build a Second Income Stream

The modern idea of “passive income” often comes with a strange condition: you have to work harder to create it. Regular savings and reinvested payouts…

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File photo: The Bombay Stock Exchange (BSE) building, rear, in Mumbai (Bloomberg)
Posted in Business

Stock market today: Sensex, Nifty open higher after two straight session of losses, ‘flash crash’

Indian shares opened higher on Friday after two consecutive sessions of losses, and a “flash crash” on Thursday, although caution was expected to persist ahead…

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Nvidia reportedly plans a $13 billion Hugging Face deal, gaining influence over open AI models, developers and the future of the AI chip market. (REUTERS)
Posted in Business

Nvidia-Hugging Face deal: Why the reported $13 billion AI acquisition matters

Nvidia is reportedly planning a $13 billion deal for Hugging Face. Nvidia Corp. has reportedly agreed to spend about $13 billion to acquire Hugging Face,…

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