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Monday, September 30, 2024
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Metals-rich Kazakhstan seeks niche in battery supply chain

(In Sept 13 story, corrects minister's surname throughout to Sharlapaev from Sharlapayev) By Olzhas Auyezov and Eric Onstad ALMATY (Reuters) -Kazakhstan aims to boost output of metals needed for

Nvidia’s stock market dominance fuels big swings in the S&P 500

By Saqib Iqbal Ahmed NEW YORK (Reuters) -Nvidia's huge stock rally is still exerting an outsized influence over the S&P 500 index, reinforcing concerns that broader markets could be hurt if the

Tech firm CACI beefs up defense business with $1.28 billion Azure Summit deal

(Reuters) -Technology firm CACI International said on Monday it would buy privately-held radar and communications equipment maker Azure Summit Technology for $1.28 billion in cash to bulk up its

IT services provider CACI International to buy Azure Summit Technology for $1.28 billion

(Reuters) - IT services provider CACI International said on Monday it would buy software firm Azure Summit Technology for $1.28 billion in cash. (Reporting by Jaspreet Singh in Bengaluru)

Nvidia’s stock market dominance fuels big swings in the S&P 500

By Saqib Iqbal Ahmed NEW YORK (Reuters) -Nvidia's huge stock rally is still exerting an outsized influence over the S&P 500 index, reinforcing concerns that broader markets could be hurt if the

Chipotle adds automation, ‘autocado’ robot helps make guacamole

(Reuters) - Chipotle moved an automated bowl-and-salad maker and an avocado-processing robot out of its test kitchen and into a couple of locations in California.  The chain announced the deployment

TikTok, Justice Department face off in court over potential US ban

By David Shepardson WASHINGTON (Reuters) - Lawyers for TikTok and parent company ByteDance will square off with the Justice Department in a Washington courtroom on Monday over the fate of a law that

Exclusive-How Intel lost the Sony PlayStation business

By Max A. Cherney SAN FRANCISCO (Reuters) - Intel lost out on a contract to design and fabricate Sony’s PlayStation 6 chip in 2022, which dealt a significant blow to its effort to build its fledgling

UK’s Playtech sees 2024 profit slightly ahead of market view

(Reuters) - British gambling technology firm Playtech Plc said on Monday it expects 2024 adjusted core profit to be slightly ahead of market expectations, mainly due to strong performance in its

Exclusive-France’s Rexel rebuffs $9.4 billion offer from Brad Jacobs-led QXO

By Anirban Sen (Reuters) -QXO, the company billionaire Brad Jacobs is seeking to launch into building services, recently made an offer of around $9.4 billion to acquire Rexel that the French company

On Camera

Tirupati controversy shows temples can’t run as public sector units. They must be privatised

A private temple could make crores by selling better laddus and investing in goshalas and captive production units to control quality.

After a brief surge, private investment & hiring has again turned cautious. Focus is on cutting debt

Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either.

Air Marshal A.P. Singh takes over as IAF chief, task cut out

Air Chief Marshal Singh took over from incumbent V.R. Chaudhari Monday afternoon. His top priority will be strengthening the fighting capability of the IAF, it is learnt.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?