Nokia acquired Rapid, the world's largest API hub and marketplace. The Finnish company aims to increase revenue from its 4G and 5G networks. Nokia seeks to capitalize on the growth of artificial intelligence. The deal grants Nokia ownership of Rapid's technology and research unit. This allows clients to integrate networks, manage API usage, and collaborate with developers.
Wonder Group Inc. is buying Grubhub from Just Eat Takeaway.com NV for about $650 million, acquiring the restaurant delivery service at a steep discount to the $7.3 billion price tag it commanded during the early days of the Covid pandemic.
Elon Musk and Vivek Ramaswamy have been appointed to lead the Department of Government Efficiency (DOGE) by US President-elect Donald Trump. DOGE aims to drastically reform the federal government by eliminating waste, fraud, and abuse, with a focus on transparency and public engagement.
A decisive break below 23,500 could drive the index further down to the 23,300-23,200 range, where trend line support is located. While the overall market sentiment seems negative, it remains to be seen how Nifty performs around the 200-DEMA support, according to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.
