Investing.com -- Gautam Adani, the billionaire behind the Adani Group, is planning to invest an additional $10 billion to establish data centers across India, Bloomberg reported on Monday. This decision comes as the billionaire seeks to capitalize on the growing demand for artificial intelligence and business process-led services, the report said. The Adani Group, known for its diverse interests ...
By Vallari Srivastava (Reuters) -Results next week will likely provide a peek into how the world’s top three oilfield services companies are navigating the uncertainty fueled by the on-again, off-again U.S. tariffs, as well as a recent slide in oil prices.President Donald Trump promised to increase U.S. oil and gas production, campaigning on the motto of "drill baby drill," but his expansive lev ...
By Akash Sriram(Reuters) - Tesla (NASDAQ:TSLA) investors will be eager to ask CEO Elon Musk two pressing questions when the electric vehicle maker reports results on Tuesday: when will the affordable vehicle launch, and is the robotaxi plan on schedule?Wall Street has pinned its hopes on a cheaper car - promised by the end of the first half of this year - to revitalize drooping Tesla sales that ha ...
By David French(Reuters) -Phillips 66 is arguing that Elliott Investment Management should back down from its push to break up the energy company because the activist investor is conflicted from a separate effort to acquire one of Phillips 66 (NYSE:PSX)’s rivals, according to a letter seen by Reuters.The salvo from Phillips 66, which is expected to be revealed in a letter later on Monday, is the ...