Micron Technology's shares fell 15% in premarket trading after the company issued a bleak forecast, citing weak demand for PCs and smartphones, despite a boost from sales of AI-related chips. The DRAM market remains under pressure, with Morgan Stanley analysts warning of oversupply, while HBM chip sales more than doubled sequentially.
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Bharti Airtel has prepaid ₹3,626 crore to the Department of Telecom to clear all its liabilities for spectrum it had acquired in 2016, the company said on Thursday. With this payment, Bharti Airtel has now prepaid all its spectrum dues that had interest costs higher than 8.65 per cent, the company said in a statement.
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Bankers expect global deal volumes to surpass $4 trillion next year, the highest in four years, buoyed by U.S. President-elect Donald Trump's promise of less regulation, lower corporate taxes and a broadly pro-business stance. The total value of mergers and acquisitions (M&A) rose 15% from last year to total $3.45 trillion as of Dec. 19 this year, according to Dealogic data.
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