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Hyundai looks to sell up to 17.5% stake in India unit IPO: Report

South Korea’s Hyundai Motor aims to file regulatory papers on Friday for the planned billion IPO of its Indian unit and is looking to sell a stake of up to 17.5% in the offering, according to three sources with direct knowledge of the matter. The logo of Hyundai Motor is seen on a car displayed…

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50% of grocery deliveries by EVs: Flipkart’s path to a greener supply chain

As the demand for e-grocery services surges in India, Flipkart is leading the way by intertwining sustainability with innovation in its supply chain. In this interview with Hindustan Times, Hemant Badri, Senior Vice President and Head of Supply Chain, Customer Experience, and Recommerce at Flipkart Group, and Nishant Gupta, Senior Director and Head of Sustainability…

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OpenAI not being paid by Apple for ChatGPT integration into iOS: Report

Apple announced integration of OpenAI’s ChatGPT into the iPhone marker’s upcoming iOS 18 at the Worldwide Developers Conference (WWDC) this week. Details of the deal were not shared by either of the companies but a news report shed light on the partnership. Apple is not paying OpenAI for this collaboration, Bloomberg reported, adding that the…

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Sony Pictures Entertainment buys cinema chain Alamo Drafthouse Cinema

– Sony Pictures Entertainment has acquired U.S. cinema chain Alamo Drafthouse Cinema, the companies said on Wednesday, a move that will give the studio control over movie distribution. Sony Pictures Entertainment buys cinema chain Alamo Drafthouse Cinema The movie theater chain will be managed under SPE’s newly established division Sony Pictures Experiences, which will be…

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Haldiram’s could launch IPO as sale talks stall: Plans at ‘preliminary’ stage

Owners of Haldiram Snacks Pvt Ltd- the Agarwal family- are exploring a possible initial public offering (IPO) for the food producer and restaurant operator. This comes as plans to sell the snacks maker to foreign investors stalled, Bloomberg reported citing people in the know. Haldiram IPO: A view shows packets of snacks on the shelves…

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Young Indians drive surge in travel to Thailand: Airbnb

New data from Airbnb reveals that between 2022 and 2023, bookings in Thailand by Indian guests on Airbnb increased more than 60 per cent year-on-year, and a noticeable surge of interest during the recent Holi and Easter long weekends when searches by Indian guests for stays in Thailand during this period increased more than 200…

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European travel to get more expensive as Schengen visa fees hiked by 12%

Europe travel now requires higher visa application fees as the European Commission has hiked the Schengen Visa fees by 12% today. Flight attendants walk next to a banner reading “Welcome to Schengen!” in Romanian a few minutes after midnight, just after Romania’s official entry into the European area of free circulation on March 31, 2024.(AFP)…

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SEBI proposes tighter rules for derivatives trading on individual stocks

SEBI has proposed tighter rules on trading in individual stock derivatives (futures and options), arguing the rules are needed to avert risks of market manipulation after recent explosive growth, particularly in options trading, according to a Reuters report. SEBI Bhavan at BKC Bandra in Mumbai.(PTI) This came after two sources familiar with the matter told…

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Vijay Shekhar Sharma’s rebuild team plan: Wants ex-Paytm executives to come back

Paytm founder and CEO Vijay Shekhar Sharma is reportedly reaching out to former executives of the company as he aims to revive the embattled firm. He has called Renu Satti, Kiran Vasireddy, and Nehul Malhotra among others, and asked them to return to the firm, Moneycontrol reported citing people in the know who said, “Talks…

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PSU banks count on new coalition government for more lucrative PLI for employees

PSU banks are hopeful of a more lucrative performance-linked incentive (PLI) for employees as a new coalition government takes charge, the Economic Times reported. Representational(Mint) They are also likely to push for a five-day banking week. 3.6 Crore Indians visited in a single day choosing us as India’s undisputed platform for General Election Results. Explore…

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