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Zuckerberg was defiant on a call with analysts Wednesday. He said people would “look back decades from now” and “talk about the importance of the work that was done here” regarding the metaverse, virtual reality and augmented reality.

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Chief Executive Jim Farley on Wednesday said Ford will shift its development focus away from fully self-driving systems developed by Argo to advanced driver assistance systems (ADAS) created internally at Ford. Such systems are partially automated but still require humans to stay engaged when a vehicle is moving.

Stocks that hit a fresh 52-week high on Tuesday included names like Canara Bank which closed with gains of over 5%, ICICI Bank which closed marginally in the red and State Bank of India ended with gains of more than 1%.

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Shares of Infosys (Rs 16.5 per share), Bhansali Engineering (Re 1 per share), L&T Technology (Rs 15 per share), ICICI Lombard (Rs 4.5 per share), KSolves India ( Rs 4.5 per share) and Steel City (Re 1 per share) will trade ex-dividend.

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FMCG major Dabur India on Wednesday announced that it will be acquiring a 51% stake in Badshah Masala Private Limited for Rs 587.52 crore. With this, Dabur has entered into branded spices and seasoning market in India, worth over Rs 25,000 crore. Badshah Masala is engaged in the business of manufacturing, marketing and export of ground spices, blended spices and seasonings.

Life Insurance Corporation (LIC) has been trading below the issue price of ₹949 a share ever since it got listed on stock exchanges on May 17. It listed at ₹872 apiece on NSE. On Tuesday, the scrip settled at ₹595.50, down 0.72%over the previous close.

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This is one of the rare instances when a company is taking a mixed approach to product pricing unlike the usual unilateral movements of hikes or reductions. The move bares the stress in the fast-moving consumer goods (FMCG) industry where companies are striving to revive demand badly affected by overall inflation in the economy.

Aramco unveils $1.5 billion sustainability fund

Updated at : 2022-10-27 07:20:01

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Aramco CEO Amin Nasser said at an investment conference in Saudi Arabia that the fund will focus on "breakthrough technologies that are important and startups that will help us to address climate change".

Global equity investors parsed mixed messages Thursday as Chinese shares looked set for further recovery while weak tech earnings clouded the outlook for US stocks. Treasury yields fell.

The S&P 500 opened lower by 33.14 points, or 0.86%, at 3,825.97, while the Nasdaq Composite dropped 230.10 points, or 2.05%, to 10,969.02 at the opening bell.

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