Business news Updates: Ad spending on Twitter falls by over 70% in Dec

Indian shares set to open lower on growth fears

Indian stocks were poised to open lower on Wednesday, on weak economic data from the U.S., which hinted at rising fears of recession, and weak growth outlook from companies.

India’s NSE stock futures listed on the Singapore exchange were down 0.19% at 18,099.50, as of 07:37 a.m. IST.

Ad spending on Twitter falls by over 70% in Dec – data

Advertising spend on Twitter Inc dropped by 71% in December, data from an advertising research firm showed, as top advertisers slashed their spending on the social-media platform after Elon Musk’s takeover.

SBM Bank says engaging with RBI to address “supervisory concerns”

SBM Bank (India) is engaging with the Reserve Bank of India (RBI) to address “supervisory concerns”, the lender said in an email to a customer reviewed by Reuters, days after the regulator barred it from some transactions.