Fri, Jun 28, 2024 8:44 AM
AI, 3rd-party tech likely to intensify risks of cyberattacks
A Flip by Shubhangi Gupta
Boeing has acquired Spirit AeroSystems, a fuselage maker it spun off 20 years ago, in a deal to address production issues. The acquisition aims to rectify manufacturing problems that have hindered Boeing's progress. Financial details of the deal were not disclosed, but it is seen as a strategic move to strengthen Boeing's supply chain and improve its competitiveness in the market.
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Shares of the company have surged 36% from their 52-week low of ₹1.90 per share, marking a significant recovery in the stock's value. Today, shares of Advik Capital Ltd were locked in a 5 per cent to Rs 2.58 per share from its previous closing of Rs 2.46. The shares of the company saw a spurt in volume by more than 1.10 times. The stock’s 52-week high is Rs 4.35 and its 52-week low is Rs 1.90.
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Titan has signed a joint venture agreement with Rhythm Jewelery to establish a jewelry manufacturing, marketing, and retailing company in Bangladesh, with Titan holding a 76% stake and Rhythm 24%. The venture will launch Tanishq, Titan's jewelry brand, with a manufacturing facility in Narayanganj. Titan will have a majority on the board, with three directors, while Rhythm will have one.
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