Global News

[ad_1] New vaccine COMIRNATY® by Pfizer, available at CVS Pharmacy in Eagle Rock, California. Irfan Khan | Los Angeles Times | Getty Images It's déjà vu for some Americans looking for the latest Covid-19 vaccines. Certain people who were lucky enough to snag an appointment for the latest formulation are receiving cancellation notices or showing up to learn there isn't a dose available for them. Some are being told they need to pay more than $100 out of pocket because their insurance provider isn't covering the shots yet. The majority of CVS locations are able to honor scheduled appointments, but delivery delays to some stores are causing them to reschedule shots, a CVS spokesperson said in a statement. Most Walgreens stores have enough supply for existing appointments and more slots are being made available as the shots come in, a spokesperson said. Vaccine manufacturers Moderna and Pfizer said they have shipped millions of doses since the new versions were approve

[ad_1] NEW DELHI: SBI Card on Wednesday said it has raised up to Rs 525 crore by issuing non-convertible debentures to fund its business growth . It will allot 525 fixed rate , unsecured, rated, taxable, redeemable, subordinate tier II, listed, non-convertible debentures aggregating to Rs 525 crore on a private placement basis, according to a regulatory filing. They will have a face value of Rs 1 crore each and carry a coupon rate of 8.33 per cent, it said. [ad_2] Source link https://worldnews2023.com/business/sbi-card-raises-rs-525-crore-through-issuance-of-non-convertible-debentures-india-business-news-times-of-india/?feed_id=303217&_unique_id=664aa1f8328cd

[ad_1] Eric Adams, mayor of New York, speaks during the U.S. Conference of Mayors winter meeting in Washington, D.C., on Thursday, Jan. 20, 2022. Eric Lee | Bloomberg | Getty Images New York City banned TikTok on government-owned devices Wednesday, pointing to security concerns that have made the app a target of bipartisan scrutiny across the country. Congress already voted to ban TikTok on federal devices last year and several states have taken similar steps. The concern generally stems from TikTok's ownership by China-based tech company ByteDance, since many policymakers fear that structure could make U.S. users' information vulnerable to being accessed by the Chinese government, if forced to hand over information to comply with Chinese law . An NYC City Hall Spokesperson told WNBC in a statement that the ban was a result of the city's Cyber Command's conclusion that TikTok "posed a security threat to the city's technical networks." City agencies h

[ad_1] Varda's first manufacturing satellite and reentry vehicle attached to a Rocket Lab Photon bus. Rocket Lab Space startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing drugs in space. Varda's small W-Series 1 capsule, or W-1, has been stuck in orbit since it launched eight months ago. The company has awaited regulatory authorization to make a landing attempt in Utah, at the Air Force's Utah Test and Training Range. The FAA confirmed on Wednesday it had issued the license to Varda. The FAA's approval means Varda will try to land the W-1 mission on Feb. 21. "We are incredibly proud to have this opportunity with our government partners, and appreciate their dedication to safe innovation in the United States," Varda said in a statement. The W-1 mission is a demonstration of the company's automated in-space manufacturing process. Last year, Varda

[ad_1] Cognizant and Vishal Sikka-founded Vianai Systems launched a strategic go-to-market partnership to accelerate generative AI offerings. This partnership leverages Vianai's hila Enterprise platform alongside Cognizant's Neuro AI , creating a seamless, unified interface to unlock predictive, AI-driven decision making. For both companies, this partnership is expected to enable growth opportunities in their respective customer bases, and through Cognizant's plans to resell Vianai solutions. Vianai's hila Enterprise provides clients a platform to safely and reliably deploy any large language model ( LLM ), optimized and fine-tuned to speak to their systems of record – both structured and unstructured data, enabling clients to better analyze, discover and explore their data leveraging the conversational power of generative AI. In addition, the LLM monitoring capabilities within hila Enterprise (vianops) is a next-generation monitoring platform for AI-driven ente

[ad_1] NEW DELHI: Passenger Vehicles (PV) sales in India kicked off on a strong note in 2024 with wholesales rising 14% year-on-year to 3,93,074 units last month, the best-ever figure for Jan, driven by robust demand for utility vehicles, industry body Siam said on Wednesday. As per the data issued by the Society of Indian Automobile Manufacturers (Siam), dispatches of passenger vehicles from manufacturers to dealers stood at 3,46,080 units in Jan 2023. Two-wheeler wholesales rose 26% to 14,95,183 units last month. [ad_2] Source link https://worldnews2023.com/business/passenger-vehicles-wholesales-up-14-in-january-at-3-9-lakh-units-times-of-india/?feed_id=302254&_unique_id=6640db570d9f8

[ad_1] A residential neighborhood in Austin, Texas, on Sunday, May 22, 2022. Jordan Vonderhaar | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily . That's down from a rate of 6.76% on Friday and a recent high of 7.05% last Wednesday. Mortgage rates loosely follow the yield on the 10-year Treasury , which fell to a one-month low in response to the failures of Silicon Valley Bank and Signature Bank and the ensuing ripple through the nation's banking sector. In real terms, for a buyer looking at a $500,000 home with a 20% down payment on a 30-year fixed mortgage, the monthly payment this week is $128 less than it was just last week. It is still, however, higher than it was in January. So what does this mean for the spring housing market? In October, rates surged over 7%, and that started the real slowdown in home sales. But rates then started falling in December and were near 6% by t

[ad_1] President Joe Biden delivers remarks about the Build Back Better legislation's new rules around prescription drug prices in the East Room of the White House on December 06, 2021 in Washington, DC. Chip Somodevilla | Getty Images Five of Pfizer's drugs will cost less for Medicare recipients starting next month as part of President Joe Biden's plan to lower prescription drug costs, the Department of Health and Human Services said Wednesday.  Pfizer's drugs are among the first set of 27 Part B prescription drugs that will be subject to Medicare inflation rebates starting April 1, according to the department. That requires Pfizer and other prescription drug companies to refund Medicare through rebates because the prices for those drugs rose faster than the rate of inflation.  Pfizer's drugs include the blood thinner Fragmin , which was approved by the Food and Drug Administration in 1994. It also includes Atgam , a medicine used to treat symptoms of Renal

[ad_1] Nikola TRE FCEV2 Courtesy: Nikola Electric truck maker Nikola is still short of winning shareholder approval to issue new stock and has once again adjourned its annual meeting to try to win more support, the company said on Thursday. Nikola had adjourned its June 6 annual meeting until Thursday to try to drum up more support for the proposal. Current law in Delaware, where Nikola is incorporated, requires approval from owners of at least 50% of the company's outstanding shares to pass a share increase proposal. However, that law may change on Aug. 1. Under amendments approved by Delaware's state legislature and now awaiting signature by the state's governor, a company incorporated in the state will need only a simple majority of shares voted to approve an increase in authorized shares. Nikola's meeting is now adjourned again until 4 p.m. ET on Aug. 3, when the new rule may be in effect. Nikola said that proposal would have passed on Thursday had the new ru

[ad_1] Syringe with Covid-19 vaccine against the XBB Variant. Fight against virus Covid-19 Coronavirus, Vaccination and immunization. Undefined Undefined | Istock | Getty Images U.S. Food and Drug Administration staff on Monday said updated Covid boosters should target XBB omicron subvariants for the upcoming fall and winter vaccination campaign.  The U.S. should use a monovalent vaccine targeting either XBB.1.5, XBB.1.16, or XBB.2.3, collectively the dominant strains nationwide, the staff said in a briefing document .  related investing news The FDA staff made the conclusion ahead of a meeting on Thursday, when a panel of external advisors to the agency will recommend a strain for new Covid shots to target later this year. There is no set date for when the vaccination campaign will begin. Vaccine manufacturers will be expected to update their shots once that strain is selected. Pfizer , Moderna and Novavax are already developing versions of their respective vaccines targeti

[ad_1] NEW DELHI: There is likely to be no impact on loan EMIs outgo as the Reserve Bank of India' monetary policy committee (MPC) on Thursday decided to keep the repo rate unchanged at 6.5%. This is the sixth time in a row that the RBI has kept the repo rate unchanged at 6.5%. The repo rate is the rate at which the RBI lends to the banks. The six-member MPC meeting began on Tuesday and its decisions were announced by RBI governor Shaktikanta Das on Thursday. Since May 2022, the RBI has raised the repo rate by a cumulative 250 basis points (bps) in an effort to combat rising inflation. However, since February 2023, it has not adjusted the rate due to a slight easing in inflationary pressures. Since then, inflation has consistently hovered near the higher end of its mandated 2%-6% range, significantly surpassing its medium-term goal of 4%. The RBI has been tasked by the government with maintaining retail inflation, as measured by the consumer price index (CPI), at a targe

[ad_1] 2024 Ford Mustang Source: Ford DETROIT — Ford Motor sees opportunity to grow Mustang sales as it becomes the last American muscle car with a traditional V8 engine, playing to generations of gearheads who've been drawn to the performance vehicles. The optimism comes after Mustang's closest American competitors ended production of their muscle cars in December. General Motors stopped producing the Chevrolet Camaro, and Stellantis ended production of its Dodge Challenger V8 ahead of a new all-electric muscle car later this year, followed by gas-powered models with twin-turbo, inline-six engines that are expected in 2025. Their exodus (and that of others in the muscle car market) is the result of changing consumer demand away from two-door cars, as well as tightening fuel economy standards and the emergence of all-electric vehicles capable of unrivaled acceleration. Jeff Marentic, general manager of Ford Blue products, which includes the Mustang, said the pony car

[ad_1] The Mandalorian and the Child (Grogu) on Disney+'s "The Mandalorian." Disney The Walt Disney Company on Friday revealed its new theatrical schedule, which will feature a film about the Mandalorian and Grogu, a fifth "Toy Story" film, and another "Tron" flick before the end of 2026. The company's theatrical business has struggled in the wake of pandemic shutdowns and dual Hollywood labor strikes, as productions stalled and moviegoers' box-office habits shifted. All the while, Disney struggled to connect with audiences, which further exacerbated revenue woes. Since returning to the helm at Disney in late 2022, CEO Bob Iger has been working to right the ship. He's admitted that the quality of its films suffered in its bid to pump out a high quantity of entertainment content. He said brands such as Marvel, in particular, needed to be more selective about which sequels get made. Iger also said he would no longer tolerate his company

[ad_1] Another disappointing quarter for Tesla served as just another speed bump for shareholders. Shares plummeted more than 12% Thursday as the Elon Musk's electric carmaker warned about slowing growth. I want to deploy an options strategy to use this emotional overreaction as an opportunity to add to my Tesla position. The slowdown, of course, was not a news flash as we have seen Lithium futures tumble 80% in the last year. However, when coupled with the second consecutive quarter that Tesla missed earning expectations, nearly $100 billion in market cap rapidly evaporated. TSLA 5Y mountain Tesla, 5 years Tesla did not help themselves in the short-term, on the conference call by removing volume guidance for 2024 since it will be notably lower. Another concerning issue is Elon is asking for a 25% voting control. He currently owns 13% but, Musk holds nearly 300 million unexercised stock options representing another 9% of Tesla's 3.2 billion shares outstanding. Thus, invest

[ad_1] A Tesla showroom is seen in the City Center shopping center on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts, and that's proving to be a double-edged sword for the electric carmaker and the greater automotive industry. Tesla earlier this month slashed prices of its new cars by as much as 20% , making the vehicles more affordable and likely eligible for federal tax credits . But it also tanks the resale values of cars for current owners and is sending ripple effects through the auto industry. related investing news CEO Elon Musk hasn't directly addressed the price cuts, which are counterintuitive to his claims that the company's cars will be appreciating assets — a rarity for the market aside from classics and collectible vehicles. Analysts say the price cuts suggest Tesla is prioritizing sales over profits, potentially signaling a demand problem. "There's deman

[ad_1] NEW DELHI: Insurance behemoth LIC on Wednesday posted a more than five-fold jump in consolidated net profit to Rs 13,191 crore for the fourth quarter ended March 2023. The insurer had earned a profit of Rs 2,409 crore in the same quarter a year earlier. However, the total income of the insurer during the March quarter declined to Rs 2,01,022 crore from Rs 2,15,487 crore in the same period of the previous fiscal, LIC said in a regulatory filing. LIC's income from first-year premium also came down to Rs 12,852 crore against Rs 14,663 crore in the same quarter previous fiscal. The income from renewal premiums in the reporting period rose to Rs 76,328 crore compared to Rs 71,473 crore a year ago, while the single premium decreased to Rs 43,252 crore from Rs 58,251 crore. For the entire financial year 2022-23, LIC registered a multi-fold rise in net profit to Rs 35,997 crore from Rs 4,125 crore in the previous financial year. The board of LIC has recommended a final divide

[ad_1] A United Auto Workers member on a picket line outside the Ford Motor Co. Michigan Assembly plant in Wayne, Michigan, on Sept. 15, 2023. Bloomberg | Bloomberg | Getty Images The Biden administration is no longer sending two key officials to Detroit this week to potentially help broker a deal between striking autoworkers and the Big Three car companies, a White House official told NBC News. President Joe Biden last week said he would dispatch White House senior advisor Gene Sperling and acting Labor Secretary Julie Su to support discussions between the companies and the United Auto Workers union. But the White House and the UAW mutually agreed it would be better to speak virtually via Zoom, the official said Tuesday. Sperling and Su could still go to Detroit next week but there are no firm plans for them to do so, the official added. "We'll continue to assess travel timing based on the active state of negotiations," the White House official said. Biden large

[ad_1] A win for Prime Minister Narendra Modi ’s party in key state elections is likely to boost India’s appeal for foreign investors and result in more inflows into local equities, according to market participants. Portfolio managers say the results will ensure policy continuity and lift prospects for the stock market as international investors become more confident in their India allocations ahead of national elections.Jefferies Financial Group Inc. sees cyclical stocks benefiting the most from the outcome of the polls while Nuvama Wealth Management says it has become more confident in the government’s capital expenditure. India’s benchmark NSE Nifty 50 Index closed at a record high on Friday while the futures climbed as much as 1.6% early on Monday. Here’s what market participants are saying: Gary Dugan, chief investment officer at Dalma Capital Management Ltd "Going into this set of state elections, there were some concerns among foreign investors that the BJP would suf

[ad_1] David Solomon (centre), Chief Executive Officer of Goldman Sachs during an event attended by Prime Minister Rishi Sunak at the Business Roundtable during his visit to Washington DC in the US on June 8, 2023 in Washington, DC. Niall Carson | WPA Pool | Getty Images Goldman Sachs said Monday that it agreed to sell its personal financial management unit to a competitor named Creative Planning. The transaction is expected to close in the fourth quarter of this year and "result in a gain" for New York-based Goldman. The bank declined to disclose the sale price for its PFM business. Goldman acquired a team of about 220 financial advisors managing $25 billion in assets in May 2019, when it announced the $750 million acquisition of United Capital Financial Partners. At the time, CEO David Solomon heralded the deal as a way to broaden Goldman's reach beyond the ultra-rich clientele that is its main strength to those who are merely wealthy, with perhaps a few millio