The Federal Reserve, in its latest meeting, decided to keep the federal funds rate unchanged at 5.25 per cent to 5.5 per cent for the eighth time. In its statement, the Fed observed that job gains in the U.S. economy have moderated, while the unemployment rate has increased slightly but remains low. A television station…
Jul 31, 2024 07:11 PM IST Tata Steel recorded a 75.01% rise in consolidated net profit for Q1 2024-25 Tata Steel Ltd has released its first quarter results for the financial year 2024-25 on Wednesday, July 31, 2024. Tata Steel recorded a 75% rise in net profit (Bloomberg) What was Tata Steel’s net profit and…
Jul 31, 2024 07:55 AM IST Union Budget: Funding agencies have already informed scientists that their budgets are fixed with no room to hike allocations. Finance minister Nirmala Sitharaman hiked customs duty on laboratory chemicals from 10% to 150% in the Union Budget 2024. Owing to this, university research centres are seeing cancelled work orders….
In what could prove to be one of the most significant artificial intelligence (AI) acquisitions this year, Canva has completed the deal for Australian generative AI company Leonardo.AI. This will undoubtedly strengthen Canva’s AI suite for consumers, small business and enterprises, as it competes on multiple fronts, including with Adobe, Microsoft and Google. The financial…
Live July 30, 2024 7:31 AM IST Latest business News, Live Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on July 30, 2024: Rapido is likely to raise another $20 million from global investors. Follow for stories on Bill Gates, Elon Musk, Mukesh…
It has gone through so many pivotal moments in the past, all falling short, that it’s often felt that any search for Android’s response to the finesse that an Apple iPad (it can be any, including the Pro options) delivers when paired with a keyboard, may prove to be as elusive as any search has…
July 29, 2024 7:59 AM IST Latest business News, Live Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on July 29, 2024: The Apple logo is illuminated at a store in the city center in Munich, Germany. Follow for stories on Bill Gates,…
Japan’s Mitsubishi Motors is set to join an alliance between Honda Motor and Nissan Motor, creating a tie-up between automakers with combined sales of more than 8 million vehicles, the Nikkei newspaper said on Sunday. The emblem of Japanese automaker Mitsubishi Motor is seen at a showroom in Tokyo on May 9, 2024. (Yuichi YAMAZAKI…
The central government has extended the ‘Electric Mobility Promotion Scheme (EMPS) 2024’ by two months, till September 30, 2024, according to a statement from the Ministry of Heavy Industries, which added that the total outlay for the scheme has also now been increased to ₹778 crore from ₹500 crore earlier. Ola Electric is India’s bestselling…
The income tax department allows taxpayers an option of filing a revised Income Tax return (ITR), replacing the originally filed return, if mistakes are made while filing tax returns, including putting in the wrong bank account number, claiming an improper deduction, or wrongly declaring interest income. Many things can go wrong when filing taxes, like…
By Dawn Chmielewski Warner Bros Discovery sues NBA over bid for broadcast rights -Warner Bros Discovery and its sports division, Turner Broadcasting System, filed a lawsuit on Friday against the National Basketball Association in New York over the league’s rejection of its matching bid for media rights. The media company accused the NBA’s refusal to…
Jul 26, 2024 06:00 PM IST Now new customers will have to pay ₹2,121 for a new connection following the Freedom Offer. Reliance Jio is offering a 30 per cent discount on new AirFiber connections through its Freedom Offer. Owing to this, installation charge of ₹1,000- has been waived off for new users. This offer…
Jul 25, 2024 02:33 PM IST During the quarter, the bank’s total income increased to ₹34,020 crore, as against ₹29,823 crore a year ago, Canara Bank said in a regulatory filing. State-owned Canara Bank on Thursday posted a 10 per cent rise in its net profit to ₹3,905 crore for the first quarter ended June…
Jul 25, 2024 03:08 PM IST Larsen & Toubro posted a 12 per cent rise in consolidated profit after tax to ₹2,786 crore in the June quarter, on the back of higher revenues. Shares of Larsen & Toubro climbed nearly 3 per cent after the company posted a 12 per cent rise in consolidated profit…
Jul 25, 2024 07:32 AM IST Stock indexes plummet on profit reports from Tesla and Alphabet, raising investor concerns. A wipeout on Wednesday sent U.S. stock indexes to their worst losses since 2022 after profit reports from Tesla and Alphabet helped suck momentum from Wall Street’s frenzy around artificial-intelligence technology. US stock market: The Wall…
The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman in the parliament on July 23 announced a new pension scheme for minors, called the NPS Vatsalya. This makes it possible for parents or guardians to plan a pension for their children. NPS Vatsalya is a plan for minors where contribution can be made by…
Union finance minister Nirmala Sitharaman on Tuesday presented the Budget 2024-25 in Parliament, making announcements offering improved benefits to those who opt for the new tax regime. However, people with higher incomes and higher tax deductions may find the incentives offered by the old tax regime more attractive in the longer run. Union Finance Minister…
While presenting the Union Budget for 2024-25 in the Lok Sabha, finance minister Nirmala Sitharaman announced an increase in the standard deduction for salaried employees from ₹50,000 to ₹75,000 under the new income tax regime for Fiscal Year 2025. Salaried taxpayers will continue to be eligible for a standard deduction of only ₹50,000 under the…
July 23, 2024 7:02 AM IST Budget 2024 Stock market Live: The budget is expected to cut taxes for the middle class and provide relief for rural areas. Budget 2024 Stock market Live: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai….
Chief Economic Advisor V Anantha Nageswaran highlighted the important and positive impact of artificial intelligence (AI) on India’s population and workforce, on the sidelines of the Economic Survey 2023-24, tabled in Parliament a day before the presentation of Union Budget 2024. Chief Economic Advisor V Anantha Nageswaran addresses a press conference after tabling of the…
July 22, 2024 7:30 AM IST Latest business News, Live Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest entertainment news on July 22, 2024: Amazon will need to move swiftly, the report claimed, as early discussions may not lead to a transaction due to…
New Delhi, Those who couldn’t buy fresh vegetables would smash open an onion, sprinkle salt and eat it with a roti. But even those days are gone with the humble onion just too expensive, says vegetable vendor Imad Khan, recalling the staple image of the poor in India. Lighter bags, heavier hearts: Home, restaurant kitchens…
Jul 20, 2024 02:14 PM IST YES Bank Q1 results: Yes Bank’s Q1 net profit jumps 46% on lower provisions and strong loan growth. YES Bank Q1 results: Yes Bank reported a bigger-than-expected 46% rise in net profit for the April-June quarter on Saturday, helped by a drop in loan-loss provisions and robust loan growth….
HDFC Bank Ltd has announced its first quarter earnings for the financial year 2024-25, on July 20. The headquarters of India’s HDFC bank is pictured in Mumbai. (Shailesh Andrade / Reuters) How was HDFC Bank’s financial performance for the first quarter of 2024-25? HDFC bank saw its standalone net profit grow by 35.33% to ₹16,174.75…
Friday began on a crazy note for the world. Having woken up to wars in the past two years, the action shifted to the cyber world this Friday. Airlines in the United States reported issues with communications to the Federal Aviation Administration (FAA) and requested for a ground stop later at night, which was in…
Jul 19, 2024 07:07 PM IST Amazon employees found a loophole in Amazon’s return-to-office policy, but the e-commerce giant now cracks down on their actions, known as ‘coffee badging.’ Amazon has started to monitor the number of hours that corporate employees spend in the office to crack down on people who come, get a coffee,…
Jul 18, 2024 09:37 PM IST Under this scheme, 75% of testing and certification costs of start-ups, 60% for micro enterprises and 50% for small enterprises will be reimbursed by DoT NEW DELHI: The department of telecommunications will reimburse part of the testing and certification costs incurred by start-ups and small and micro enterprises of…
Infosys, India’s second-largest IT services firm announced a hiring target of 15,000-20,000 employees for the financial year 2024-25 after losing employees for six consecutive quarters. This includes both campus and off-campus recruitment. A man walks past a billboard of Infosys Technologies Ltd’s office in Bangalore, October 10, 2003. (Jagadeesh NV/Reuters) Also Read: Infosys Q1 results:…
Jul 17, 2024 08:01 PM IST Other than India Post, only few banks offer Mahila Samman Savings certificate. Check all details here The Mahila Samman Savings scheme is a small savings scheme which is offered by the Government of India to women investors. It is a one-time scheme available for two years, from April 2023-March…
Capital markets regulator Sebi’s proposal for introducing a new asset class for high-risk profile investors can help them gain access to a newer set of strategies including long-short equity fund and inverse Exchange-traded Fund (ETF). SEBI Bhavan at BKC Bandra in Mumbai (PTI) The new asset class is aimed at bridging the gap between mutual…
* Judge cites comments on Squishmallows, Shoosherz similarities * Kelly Toys lawyer vows to protect intellectual property rights * Build-A-Bear suing separately to avoid liability By Jonathan Stempel NEW YORK, – A U.S. judge rejected Build-A-Bear Workshop’s effort to dismiss a lawsuit claiming that its Skoosherz plush toys were unauthorized knockoffs of Squishmallows, the popular…
Markets regulator Sebi on Tuesday proposed introducing a new asset class to bridge the gap between mutual funds and portfolio management services (PMS) by looking to tap investors having investible funds between ₹10 lakh and ₹50 lakh. SEBI logo outside the regulators’s office (HT) The new asset class will provide a regulated product featuring greater…
India is exploring ways to boost its exports to Russia, including by encouraging rupee-rouble trade and pushing Moscow to lift non-tariff barriers, New Delhi said on Monday, in the wake of Prime Minister Narendra Modi’s visit to Moscow. Prime Minister Narendra Modi exchanges greetings with Russian President Vladimir Putin after receiving the Order of St…
Jul 15, 2024 06:35 PM IST The RBI says that banks cannot unilaterally declare an account as fraud without providing the defaulter the right to be heard. India’s central bank on Monday asked lenders to give defaulting borrowers enough time to respond before they are classified as “fraud accounts,” following a judgment by the country’s…
Jul 15, 2024 06:54 AM IST The Mainpuri police remained busy throughout the day but did not allow anyone to enter the ashram. Some followers came by bus and others came in their own vehicles while a few walked but all were denied entry . July 14 is said to be the birthday of the…
India’s everyday retail digital payments may double to $7 trillion by 2030, compared to the present levels, PTI wrote, citing a joint study by Kerney and Amazon Pay titled ‘How Urban India Pays’. The growth is credited primarily to the Unified Payments Interface (UPI), which has seen usage grow by 138% from the financial year…
Elon Musk’s X (Formerly Twitter) has been accused by the European Union (EU) of multiple violations of the Digital Services Act, which can potentially lead to hefty fines for the social media platform. Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X, formerly known as Twitter. (Gonzalo Fuentes/Reuters) What are the…
Pakistan and the IMF have agreed on a USD 7 billion aid package spread over more than three years to help the cash-strapped country deal with its chronic economic issues. A participant stands near a logo of IMF at the International Monetary Fund – World Bank annual meeting in Bali, Indonesia (Reuters) “Building on the…
Jul 12, 2024 11:22 PM IST Mukesh Ambani and family are hosting the wedding of Anant Ambani and Radhika Merchant in Mumbai. Billionaire Mukesh Ambani gave a speech at the wedding of his younger son Anant Ambani and Radhika Merchant. Mukesh Ambani addressed guests at Anant Ambani and Radhika Merchant’s wedding. “To bless Anant and…
Retail inflation climbed to 5.08 per cent in June due to higher prices of kitchen items, according to government data released on Friday. Retail inflation has increased to 5.08 per cent in June due to kitchen items becoming dearer The Consumer Price Index (CPI) based retail inflation was 4.8 per cent in May 2024 and…
After a period of status quo with tariffs and packages, the home broadband space in India has been given a shake-up. Bharti Airtel has announced new subscription bundles for its Xstream Fiber broadband service, and yet, the proposition is expected to evoke a response from its rivals and alongside, impacts live television delivery platforms as…
Jul 11, 2024 04:07 PM IST TCS’ consolidated revenue rose 5.4% to 626.13 billion rupees in the June quarter. Analysts expected revenue at 622.07 billion rupees, as per LSEG data. Tata Consultancy Services, India’s top IT services company, reported a bigger-than-expected first-quarter revenue owing to execution of large deals bagged in previous quarters. The company’s…
Jul 11, 2024 04:52 AM IST Archegos founder Bill Hwang guilty in multibillion-dollar fraud case The founder of US investment firm Archegos, Bill Hwang, was found guilty Wednesday of fraud and market manipulation in a case focused on the fund’s 2021 implosion that cost major banks billions of dollars. Archegos founder Bill Hwang guilty in…
Jul 10, 2024 05:32 PM IST India historically used to present the Union Budget at 5 pm, a colonial practise that was brought to an end in 1999. Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024 on July 23 at 11 am. However, India always used to historically present the budget…
India’s food services sector is estimated to grow by 8.1 per cent to reach a size of ₹7.76 lakh crore by FY28 from ₹5.69 lakh crore in FY24, National Restaurant Association of India said on Tuesday. NRAI said the sector is the second largest employer, with employment of 85.5 lakh in FY24 and is set…
The domestic air passenger traffic rose 6.3% year-on-year (YoY) in June 2024, and in comparison to the pre-pandemic level, the traffic jumped 10.4%, ratings agency ICRA said on Tuesday. The traffic for domestic airlines was 7% up YoY but was lower by 3% in comparison to May last year, it said. In comparison to the…
By Dawn Chmielewski Skydance’s David Ellison describes Paramount’s tech-media hybrid future July 8 – Skydance Media CEO David Ellison on Monday sketched out a vision for Paramount Global as a technology-media hybrid company at a time Hollywood has been competing for attention with tech giants moving into the entertainment business. In an hour-long presentation to…
Jul 08, 2024 03:57 PM IST Stock market today: ITC, Hindustan Unilever, Nestle, HCL Technologies and Tata Motors were among the gainers. Sensex and Nifty ended flat today (July 8) in a lacklustre trade as investors opted to book profits after the recent record rally in equities. This comes amid weak cues from Asian markets…
Ola founder and CEO Bhavish Aggarwal coined the term “techno-colonialism” in an interview with ANI, to describe a modern phenomenon where India’s data is exported to global data centers, processed, and then repurposed and sold back to India. Ola’s founder and CEO Bhavish Aggarwal Why does Bhavish Aggarwal believe India is under “techno-colonialism”? Aggarwal likened…
US short-seller Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi. Founder and former MD & CEO, Kotak Mahindra…
Paytm founder Vijay Shekhar Sharma at an event, admitted how the company should have taken care of its responsibilities better, while also talking about his expectations from the 2024 union budget. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm (Bloomberg) Also Read: Credit card users can still use CRED, PhonePe,…
The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in the first week of July for non-compliance with various RBI directions. The Reserve Bank of India (RBI) penalized five banks, including Punjab National Bank (PNB), in the first week of July (Reuters) Which banks did the RBI penalize? PNB…
Jul 05, 2024 09:42 PM IST The case originated in 2011 when residents of Navinal village approached the high court challenging the allocation of 231 acres of grazing land to Mundra Port and SEZ Ltd AHMEDABAD: The Gujarat government on Friday told the high court that it has decided to reclaim 108 hectares of land…
Keir Starmer officially became the UK’s new prime minister after his Labour Party secured a landslide victory in Thursday’s parliamentary elections, defeating incumbent Rishi Sunak’s Conservative Party. How will Labour Party’s leader elevation affect the ongoing talk of FTA? Prime Minister Narendra Modi meets with United Kingdom PM Rishi Sunak on the sidelines of the…
NEW DELHI: The idea of “rule of law” is not only about social and political justice but is also intrinsically linked to better economic outcomes and financial advancement, Chief Justice of India Dhananjaya Y Chandrachud said on Thursday, adding that a legal system with adequate procedural safeguards and fairness builds investor confidence and is crucial…
Elon Musk is not expected to move forward with Tesla investment in India any time soon as exectutives from the electric carmaker have stopped contacted officials in the country, Bloomberg reported citing people in know. The report claimed that Elon Musk’s team hasn’t made any further inquiries with officials in New Delhi after the billionaire…
By Sarita Chaganti Singh India asks utilities to order $33 billion in equipment this year to boost coal power output, sources say NEW DELHI – India has asked power companies to order equipment worth $33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian nation…
Founder of Patanjali Ayurved Yog guru Ramdev claimed that a cartel of corporations, pharmaceutical companies, intellectuals, and politicians has been working against his company. In an interview with Economic Times, he said, “Patanjali denotes nationalism and self-pride which this group (alleged cartel) wants to destroy.” Yog guru Ramdev performs yoga on the 10th International Day…
SAN FRANCISCO, – Rivian on Tuesday said it had no plans to produce vehicles with Volkswagen after a media report said the U.S. electric vehicle maker was in early talks with the German automaker to extend a recent partnership beyond software. Rivian says no plans to produce vehicles with VW after media report on early…
Oil prices were little changed on Tuesday, trading near two-month highs reached in the previous session on expectations of rising demand during the summer driving season and possible supply disruptions from Hurricane Beryl. US gasoline demand is expected to ramp up as the summer travel season picks up with the Independence Day holiday this week….
By Brendan Pierson Drugmakers’ appeal to end Zantac cancer lawsuits rebuffed by judge July 1 – A Delaware judge rebuffed a request by GSK and other drugmakers to appeal a ruling allowing more than 70,000 lawsuits claiming that the heartburn drug Zantac caused cancer to go forward. The ruling by Judge Vivian Medinilla of the…
Air India on Monday announced its plans to set up a flying training organisation (FTO) in Maharashtra’s Amravati, and make it operational by early 2026. The company claims it will be South Asia’s largest such facility. An Air India Airbus A350 aeroplane at Begumpet airport, Hyderabad. (Reuters File Photo) The FTO’s target will be to…
Introduced seven years ago, the Goods and Services Tax (GST) has simplified compliance, improved tax buoyancy and increased states’ revenues, but fake invoices and fraudulent registration remain a big challenge for policymakers trying to curb tax evasion. Goods and Services Tax (GST) streamlined 17 taxes and 13 cesses into a 5-tier structure, simplifying the tax…
Online food ordering and delivery platform Zomato has received a GST (Goods and Service Tax) demand notice of ₹9.5 crore, it said in a filing on Sunday. Zomato said that the demand is for the fiscal year 2019-20 following an audit of GST returns and account(Unsplash) The notice, received on Saturday, demands a GST amount…
ITC saw 68 more executives getting a one crore and above salary in the financial year 2023-24, Business Standard reported, citing the tobacco and consumer goods conglomerate’s annual report. A woman poses with a cigarette in front of ITC Limited logo in this illustration. (Dado Ruvic/Reuters) This was a 24.11% increase compared to the year…
A seven day waiting period will be applicable from July 1, instead of the previous 10 day period, for an already swapped or replaced SIM card to be eligible for porting, The Telecom Regulatory Authority of India (TRAI) announced on Friday, adding that this is to reduce inconveniences for users due to the waiting period….
The Indian economy is likely to sustain its high growth trajectory in FY2024-25, driven by strong momentum in fixed investments and a pickup in private consumption, said conglomerate ITC in its latest annual report. India’s growth is expected to be supported by a good Rabi harvest and normal monsoons (Reuters) Also Read: India’s nighttime shopping…
India is working on reducing the paperwork required for foreign investors to buy India’s sovereign bonds, Bloomberg reported, citing an unnamed source. This comes after a Bloomberg report depicted how foreign investors find it difficult to invest in India due to the heavy paperwork involved. India’s inclusion in JPMorgan’s emerging market bond index is projected…
Capital markets watchdog Sebi on Thursday decided to regulate financial influencers or finfluencers amid growing concerns about potential risk associated with such persons. SEBI logo outside the regulators’s office (HT photo) Why is SEBI regulating finfluencers? In order to address the concerns related to certain persons including unregulated entities inducing investors to deal in securities…
Kumar Mangalam Birla’s UltraTech Cement is acquiring a 23% stake in Chennai-based India Cements to counter the Adani Group’s buying spree, as the battle to dominate India’s cement sector, particularly in South India, intensifies. A man cleans an Expert Testing Van of UltraTech Cement outside a cement store in Ahmedabad. (Amit Dave/Reuters) How much will…
The Ministry of Corporate Affairs on Wednesday clarified that proceedings initiated against edtech player Byju’s under the companies law are “still ongoing” and a final conclusion cannot be drawn in the matter at this stage. Byju’s, once a celebrated edtech startup, soared to great heights before encountering several challenges. (Reuters) This came after media reports…
280 million people downloaded malware-infected Google Chrome browser extensions from the Google Chrome Web Store over a period of about three years, according to a recent Stanford University research paper. Google Chrome currently is the most popular browser worldwide, with a market share of 65.12% (Reuters) The research team, including Sheryl Hsu, Manda Tran and…
India’s has increased its overseas assets more than its foreign liabilities, largely due to a rise in reserve assets, according to Reserve Bank of India (RBI) data. Reserve assets accounted for 62.9% of India’s international financial assets in March 2024. India increased its overseas assets more than it increased its foreign liabilities, largely due to…
By Manoj Kumar India plans to expand production-linked incentives for small textile firms: minister NEW DELHI – India plans to expand production linked incentives to small textile firms soon, part of efforts to increase garment exports to $50 billion by 2030, the federal textile minister said on Tuesday. Get ready to catch the final stages…
The Department of Telecommunications (DoT) will begin the auction of ₹96,317.65 crore of spectrum on Tuesday. Representational (Bloomberg) The background On February 8, the Union Cabinet approved the auction of 10,523.15 megahertz (MHz) of spectrum across bands at a reserve price of ₹96,317.65 crore, Business Standard wrote. Get ready to catch the final stages of…
Zepto’s co-founder Aadit Palicha said the company could achieve a $3.6 billion valuation only because it is based in India, and that it aims to become a $50 billion company. Zepto’s co-founders Kaivalya Vohra and Aadit Palicha This comes after the company had announced that it would double the number of stores it has from…
India is set to resume wheat imports by lowering duties while also imposing import limits and making open market sales, three officials told Mint. This is an attempt to tame prices and boost supplies. Labourers filling wheat grains in gunny bags at the Bathinda grain market on Sunday (Sanjeev Kumar/HT) The background India, the world’s…
One should always pay attention to every minute detail while e-filing ITR (Income tax return) for a hassle-free experience, especially with the tax regimes, deductions and benefits changing every year, Business Today wrote. Representational (Pexels) “Filing an income tax return is not a cakewalk for everyone,” said Vikas Dahiya, Director of All India ITR, according…
Sidhartha Mallya and Jasmine are officially married. The couple tied the knot in an intimate ceremony in London on Saturday. Sidharth Mallya and Jasmine got married in London today.(Instagram/@jassofiaa) The first photograph from the wedding was shared by the bride on her Instagram Stories a few minutes ago. The picture shows Jasmine in a white…
ONGC and Indian Oil will together, establish a small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin. Representational The two PSU oil giants signed a memorandum of understanding (MoU) on 17 June 2024 for the project, according to ONGC’s press statement. Now catch your favourite game on Crickit. Anytime…
A Swiss court on Friday sentenced Indian-born business tycoon Prakash Hinduja and three other members of his family to four and a half years in prison after finding them guilty of exploiting their domestic workers. The court threw out the severe charges of human trafficking, AP reported. Prakash Hinduja, his wife Kamal, son Ajay and…
Indian carriers have been on a fleet ordering spree. Amongst IndiGo, Tata group and Akasa Air there are over 1000 planes which were ordered in a span of 12 months. Beginning pre-COVID and more so on the other side of it, IndiGo and Air India are investing heavily in expansion to foreign shores. The last…
The rupee fell 4 paise to 83.48 against the US dollar on Thursday due to firm American currency and an upward trend in crude oil prices overseas. At the interbank foreign exchange market, the local unit opened at 83.43 and lost further to 83.48 against the greenback. The local unit resisted the fall amid the…
India has 67 unicorns, 46 gazelles, and 106 cheetahs against 68 unicorns, 51 gazelles, and 96 cheetahs in 2023 as per the ASK Private Wealth Hurun India Future Unicorn Index 2024. There are 38 new entrants- 7 gazelles, 31 new Cheetahs in the list this year. Peak XV partners, which has invested in 47 probable…
A city steeped in history and cultural richness, Kochi has emerged as a popular destination for Indian travelers. Airbnb data revealed an over 60% increase in bookings for stays in Kochi in 2023 compared to the previous year, highlighting the city’s growing appeal. Kochi: The city lined by the sea in Kerala is known for…
Adani Group chairman Gautam Adani said that liberalisation policy announced in 1991 laid the foundation for India’s infrastructure story and then the eventual take-off has taken in the last decade. Speaking at a CRISIL event in Mumbai, he said, “If the period between 1991 and 2014 was about putting down the foundations and building the…
Nvidia become the world’s most valuable publicly traded company as the shares of the AI company jumped 3.4 percent, giving it a market capitalization of about $3.3 trillion. With this, the Jensen Huang- led company is now ahead of Microsoft and Apple. Earlier this month, Nvidia capped Apple by market value for the first time…
Virat Kohli is India’s most valued celebrity with a brand value of USD 227.9 million marking a significant increase of nearly 29% from USD 176.9 million in 2022. Consultancy firm Kroll shared a list ranking India’s most influential celebrity brands in which Virat Kohli featured on the top followed by Ranveer Singh who slipped to…
Bill Gates believes that artificial intelligence (AI) can both be good and bad but it may not end the need for software engineers. In a chat with Zerodha’s Nikhil Kamath, the Microsoft co-founder said that AI is very useful in areas like education and health for which it can prove to be a boon as…
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…
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…
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…
– 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…
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…
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…
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)…
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…
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…
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…
The year-on-year inflation for industrial workers has reduced for February, March, and April this year. Representational For February, inflation dropped to 4.90% compared to 6.16% last year. For march, it eased to 4.20% from 5.79%, and in April, it fell to 3.87% from 5.09%, the Labour Bureau, an attached office of the Ministry of Labour…
For the first time, aquaculture production has exceeded the catch from traditional fisheries, the U.N. food and agriculture agency said on Friday, with just 10 countries – China, Indonesia, India, Vietnam, Bangladesh, the Philippines, South Korea, Norway, Egypt and Chile – accounting for almost 90% of all aquaculture production, according to a Reuters report. India…
PhonePe and Flipkart IPOs (Initial public offerings) may come in two years, with PhonePe’s IPO likely coming before that of Flipkart, according to a Reuters report. PhonePe has a market share of 51% in India’s digital payments ecosystem(Bloomberg/For Representative Purposes Only) “This is something we’re looking at over the next couple of years,” Walmart’s executive…
Conspiracy theorist Alex Jones is seeking court permission to convert his personal bankruptcy reorganization to a liquidation, which would lead to a sell-off of a large portion of his assets to help pay some of the $1.5 billion he owes relatives of victims of the Sandy Hook Elementary School shooting. Alex Jones seeks permission to…
Jensen Huang, Nvidia’s co-founder, president, and CEO, is now the 13th richest person in the world with a 106 billion USD (Rs.8.84 lakh crore) fortune, after Nvidia shares grew by more than 700% from last year. Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during the Dell Technologies World conference in Las…
June 6 – Shares of GameStop surged over 30% on Thursday after the online stock influencer known as “Roaring Kitty” posted on YouTube that he would host a livestream on Friday. GameStop surges as ‘Roaring Kitty’ posts upcoming livestream Thursday’s surge was the latest in a bout of volatile trading in the struggling videogame seller’s…
State-owned BHEL on Wednesday said it has secured an order worth over ₹3,500 crore from Adani Power Limited to set up a thermal power project at Raipur in Chhattisgarh. The boiler and turbine generator will be manufactured at its Trichy and Haridwar plants, respectively, BHEL said. It has “signed contract agreement signed June 5, supply…
Companies manufacturing ice creams, beverages, and other hydrating products have witnessed a steady rise in demand in several parts of the country amid the ongoing prolonged spell of heat wave, PTI reported. Firefighters enjoying ice cream during a break in Shimla, Himachal. (Deepak Sansta/HT) Anticipating the surge, companies like 7UP, Nimbooz, Pepsi, Slice, Mountain Dew,…
Ixigo IPO: The initial public offering (IPO) of Le Travenues Technology- parent company of travel aggregator Ixigo- will open for subscription on June 10. The price band for the issue will be announced on June 5 and the IPO closes on June 12. Ixigo IPO: The IPO comprises of fresh issuance of equity shares worth…
These fixed deposit schemes with a fast approaching deadline may be something you may want to consider. Personal finance (Representational)(Getty Images/iStockphoto) IDBI Bank IDBI Bank offers a special rate of 7.05% on Utsav fixed deposits (FDs) maturing in 300 days for general citizens and 7.55% for senior citizens. For Utsav FDs maturing in 375 days,…
In the previous trading session, all indices including Sensex and Nifty registered their best intraday gains with the exit polls showing Narendra Modi’s BJP winning over 350 seats and the National Democratic Alliance (NDA) grabbing between 360 and 400 seats. Congress leader Rahul Gandhi But if the exit polls prediction goes wrong and INDIA bloc…
Indian eyewear retailer Lenskart has raised $200 million from Singapore state investment firm Temasek and Fidelity Management and Research Company, according to Avendus Capital, the financial advisor of the deal. Lenskart operates across India, Southeast Asia, and the Middle East through its website and more than 2,500 stores. While Avendus did not mention additional financial…
Share of NCC Ltd hit a record high of ₹313 today gaining 9%. The stock of the Hyderabad-based construction company has surged nearly 85% so far in 2024 and is one of the major holdings in the portfolio of ace investor late Rakesh Jhunjhunwala, which is now owned by his wife Rekha Rakesh Jhunjhunwala. NCC…
Public sector undertaking (PSU) stocks of the BSE PSU index posted a record combined profit of over five lakh crore rupees during the financial year 2023-24, according to ACE Equity data, as reported by Business Today. PSU profits surge in FY24(unsplash) The profit after tax (PAT) of the 56 PSUs of the index surged 48%…
Billionaire Gautam Adani has once again surpassed Reliance Industries head Mukesh Ambani to become the richest person in Asia after a surge in stock price of the listed companies in his conglomerate, according to Bloomberg Billionaires Index. Reliance Industries head Mukesh Ambani and Gautam Adani(File) As per the index, Adani is now ranked as the…
Thiruvananthapuram, The Kerala Co-operative Milk Marketing Federation , known by its brand Milma, is working on a multi-pronged strategy to strengthen the state’s cooperative dairy sector and attain self-sufficiency in milk production, as envisaged by the state government, Milma Chairman K S Mani said on Saturday. Milma working on strategies to scale up milk production,…
Samir Modi, the executive director of Godfrey Phillips, accused his mother of orchestrating an attack on him, worsening the inheritance dispute among the late K.K. Modi’s family members, the Economic Times reported. Samir Modi(Modicare) He lodged a complaint with the Delhi Police on Friday, accusing his mother, her personal security officer (PSO) and some Godfrey…
New Delhi: There has been “no leniency” in recovering bad loans from large defaulters and the process is ongoing, finance minister Nirmala Sitharaman on Friday said, adding that the Enforcement Directorate (ED) has so far attached properties worth Rs.64,920 crore from 1,105 such defaulters under its scanner. Union finance minister Nirmala Sitharaman (File Photo) In…
Chennai-based space tech startup Agnikul Cosmos, scripted history today after it became the first in India to successfully launch Agnibaan SorTED, a semi-cryogenic-engined rocket in Sriharikota, Andhra Pradesh. Agnikul Cosmos: L-R- Srinath Ravichandran Co-founder CEO Moin SPM The startup was founded in 2017 by CEO Srinath Ravichandran, a Wall Street trader-turned-aerospace engineer, operations specialist Moin…
Rekha Jhunjhunwala, wife of late ace investor Rakesh Jhunjhunwala, reportedly earned a dividend income of ₹224 crore for the quarter ended March 2024 from her portfolio. Rekha Jhunjhunwala’s portfolio is estimated to be worth ₹37,831 crore from which, as per the March quarter shareholding pattern, she earned a dividend income of ₹224 crore. Rekha Rakesh…
Airbnb on Wednesday unveiled the latest trends shaping summer travel preferences among Indian travellers, highlighting a growing desire for immersive experiences beyond traditional stays. The trending destinations are based on searches made by Indian guests from January to March 15, 2024, for stays in June, July and August.(Reuters file photo) Within India, trending summer destinations…
Raghuram Rajan, former Reserve Bank of India (RBI) Governor talked about the challenges he faced at the job, policies he implemented and controversies surrounding his departure. Acknowledging efforts to discredit him, he said, “There’s a sort of campaign to discredit me and what they do is they take phrases out of context and then push…
QXO Inc., the new company of trucking billionaire Brad Jacobs, hired a Wall Street banker to run its finances as it gets closer to becoming a publicly-traded business. Billionaire-Led QXO Hires Barclays Banker Ihsan Essaid as First Finance Chief Ihsan Essaid, head of global mergers and acquisitions at Barclays Plc in New York, is taking…
The Reserve Bank of India (RBI) has imposed monetary penalty on Yes Bank and ICICI Bank for non-compliances with certain directions issued by it. A police officer walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India.(Reuters) The penalties imposed on them are ₹91 lakh and ₹1 crore, respectively, RBI…
Global brokerage firm Jefferies initiated coverage on 13 Indian stocks in 2024. With this, the brokerage expanded its total coverage to 188 stocks with a combined market cap of $3.4 trillion. Jefferies said that it expects EBITDA to grow 3x over FY24-FY28 as Adani Enterprises is riding on the strong industry tailwinds.(Reuters) Here’s a look…
In 2019, Nvidia CEO Jensen Huang owned a $3 billion stake in his chipmaker company. As the stock pushed to a record after Nvidia reported first-quarter earnings that topped estimates, his holdings now stand at more than $90 billion. The company said that its sales jumped more than 200% for a third straight quarter owing…
The Indian government has offered reductions in customs duties on 82.7 per cent of its tariff lines, covering 95.3 per cent of European Free Trade Association (EFTA) exports. This will make Swiss cheese, chocolate, wine, watches, and other products more affordable for Indian consumers. A Swiss chocolate box is displayed to be sold during ‘Festichoc’…
The Food Safety and Standards Authority of India (FSSAI) issued a stern warning on Friday against selling human milk and its products, noting that the commercialization of mother’s milk is not permitted in the country. FSSAI prohibits commercialization of mother’s milk in country(Unsplash) “This office is in receipt of representations from various registered societies regarding…
By Bharath Rajeswaran and Dimpal Gulwani chips post best week in nearly three months, led by financials, metals BENGALURU -Indian benchmarks ended flat on Friday, but logged their best week since early February, driven by gains in financials and metal stocks. Unlock exclusive access to the latest news on India’s general elections, only on the…
By Bharath Rajeswaran and Dimpal Gulwani Indian blue-chips post best week in nearly three months, led by BENGALURU, – Indian benchmarks ended flat on Friday, but logged their best week since early February, driven by gains in financials and metal stocks. Unlock exclusive access to the latest news on India’s general elections, only on the…
Adani Ports will be included in Sensex from June 24 while Wipro will be excluded, the BSE said as it announced its semi-annual rebalancing exercise in which changes were made to BSE 100, Sensex 50, Sensex Next 50 indices. With this, Adani Ports is the first stock from the 10-pack Adani Group to enter the…
Nifty hit fresh all-time high on May 24 amid buoyant investors’ sentiment ahead of Lok Sabha election results and fresh foreign fund inflows. The results of Lok Sabha elections 2024 is scheduled on June 4. Stock market today: The stock market index on a display screen at the Bombay Stock Exchange (BSE) building in Mumbai.(PTI)…
LOS ANGELES: It was in March when Canva, an incredibly popular AI driven visual communication platform, announced that they’re acquiring the professional creative software suite Affinity. This was always going to be a significant step for the platform, as it builds its competition against tech giants including Adobe, Google and Microsoft with broadening functionality, piece…
Stock Market today: Sensex gained 774.70 points or 1.04 percent to reach 74,995.76 and the Nifty was up 243.40 points or 1.08 percent at 22,841.20 today (May 23). About 1642 shares advanced, 1639 shares declined, and 111 shares unchanged while BSE Midcap index up 0.5% and Smallcap index up 0.2%. The stock market index on…
Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in Buzzfeed, the digital publishing company that shut down its media outlet last year. Former Republican presidential candidate Vivek Ramaswamy takes a 7.7% stake in Buzzfeed Shares of the company skyrocketed more than 50% before the market open on Wednesday. Unlock…
Paytm’s Vijay Shekhar Sharma told shareholders that the company’s revenue and profitability will be impacted in the near-term due to disruptions faced in the business in Quarter 4. In a letter to shareholders, he said that the company was working on significant cost efficiencies including leaner organization structure. Vijay Shekhar Sharma, founder and chairman of…
Microsoft boss Satya Nadella was seen in a video talked about a powerful artificial intelligence (AI) tool- a photographic memory feature called Recall that will “remember and understand everything you do on your computer by taking constant screenshots”. The feature has been added to the PCs in addition to Copilot which was launched last year…
Delhivery share price: Shares of Delhivery Ltd fell 12 per cent today (May 21) after the company posted Q4 results. Although, brokerages remain mostly positive on the stock post earnings in which Delhivery posted a loss of ₹68.5 crore in the quarter ended 31 March, 2024- down 57 per cent on a year-on-year (YoY) basis…
New Delhi, India has sufficient tyre manufacturing capacity and imports should not be liberalised through FTAs by way of duty concessions, industry body Automotive Tyre Manufacturers’ Association said on Monday. India has sufficient domestic tyre capacity; imports must not be liberalised through free trade pacts: ATMA The automotive tyres rank at the forefront of those…
Paris-based quantum computer startup company Pasqal announced it had signed a partnership with Saudi Arabia’s state oil giant Aramco to install the first quantum computer in the country. Pasqal will install, maintain, and operate a 200-cubit quantum computer scheduled for deployment in the second half of 2025.(Representational) Pasqal will install, maintain, and operate a 200-cubit…
Veteran banker and Padma Bhushan recipient Narayanan Vaghul, who passed away on Saturday, was cremated in the city on Sunday, family sources said, PTI reported. Former chairman of ICICI bank Narayanan Vaghul passed away at the age of 88. (PTI Photo/Kunal Patil) Vaghul (88) died due to health issues. He is survived by his wife…
Naturals Ice Cream founder Raghunandan Kamath has passed away, the company informed in a social media post. He was 70. India’s ‘Ice Cream Man’ Raghunandan Kamath dies at Mumbai hospital. “Our thoughts on the sad demise of our patron and founder of Naturals Ice Cream, Late (Shri) Raghunandan Kamath. Indeed a very sad and unfortunate…
Stocks reliant on rural revenues are rebounding on expectations of a bountiful monsoon season, potentially boosting agricultural output and rural spending. IMD has predicted monsoon to be ‘above normal’. (Sanjeev Kumar / HT Photo) Motorcycle manufacturers, farm equipment producers, and FMCG companies are witnessing a surge in stock prices after forecasts of timely and above-average…
Equity benchmark indices climbed in early trade in a special trading session on Saturday, extending their rally to the third day running, amid fresh foreign fund inflows. A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(REUTERS) The 30-share BSE Sensex…
Ahmedabad: Efforts by US tile manufacturers to seek 400-800% anti-dumping duty on Indian tiles and wall tiles could severely hurt the tile industry in Morbi, India’s ceramic hub, industry leaders said on Friday. Indian ceramic manufacturers said anti-dumping duty on Indian tiles would hurt the Indian ceramic industry (ceramicassociation.com) India exported ceramic tiles worth Rs….
Mumbai, along with Maharashtra’s Palghar, Kalyan, and Thane, will observe dry days from May 18 to 20 this year due to the fifth phase of the ongoing Lok Sabha Elections. These areas are key constituencies where voting will take place on May 20. Another dry day is scheduled in Mumbai for June 4, when the…
Stock market Holiday: The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will be closed on May 20 due to the fifth phase of voting for the Lok Sabha Election 2024 in Mumbai. This marks the second holiday in the month when all six seats in the city will be up for voting during…
Japanese auto giant Honda said Thursday it will double investment in its electric vehicle strategy to $65 billion by 2030. A Honda logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City.(Reuters) “Honda is planning to invest approximately 10 trillion yen in resources… through 2030, when the period…
NEW DELHI: India’s merchandise and service exports witnessed a year-on-year growth to reach $35 billion and $29.57 billion respectively, commerce secretary Sunil Barthwal said on Wednesday, adding that the country’s total exports in goods and services in the current fiscal were expected to surpass the record $778.2 billion achieved in 2023-24. Commerce secretary Sunil Barthwal…
You may need to pay more for mobile phone recharges after the Lok Sabha elections, a report claimed as telecom firms are preparing for a fourth round of tariff hikes. Brokerage Axis Capital said in a report that a hike of almost 25% is possible by the operators soon owing to competitive environment, necessity to…
If you are to snapshot how competitive the artificial intelligence (AI) space is, these past few days do the job. Persistent rumours about Apple’s inevitable AI push reached a crescendo. Just a day ahead of Google’s I/O 2024, OpenAI announced an iterative GPT-4o model, which is faster and has improved multimodal capabilities across text, vision,…
Cognizant warned its employees that they could be fired if they do not follow return to office rules despite repeated reminders, LiveMint reported. The IT major warned employees who have not returned to office despite warnings in a letter, the report claimed. Cognizant asked its employees in India to work from office for three days…
Melinda French Gates, the billionaire ex-wife of Microsoft co-founder Bill Gates, announced on Monday that she is stepping down from her role as co-chair of the Bill and Melinda Gates Foundation. She said that she will receive 12.5 billion dollars to use for her own charitable purposes as part of her agreement with her ex-husband….
Sign up for the India Edition newsletter by Menaka Doshi – an insider’s guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. India’s Buyback Plan Runs Into RBI’s Need to Keep Tight Stance India’s move to buyback bonds using up surplus cash has fallen short of expectations as the central…
The number of people using AI has nearly doubled in the last six months and around 75 per cent of global knowledge workers are using AI at workplaces, according to “2024 Work Trend Index Annual Report” by Microsoft and LinkedIn. AI adoption surges: Report shows global knowledge workers doubled usage in six months.(Unsplash) The report…
New Delhi, The government will accord focused attention to promote India’s textiles exports, which declined for the second year in a row in 2023-24, Textiles Secretary Rachna Shah said. Govt to give focused attention to promote India’s textiles exports: Textiles secretary The government has set an ambitious target to achieve USD 100 billion export for…
Ola co-founder Bhavish Aggarwal announced on Saturday that the EV maker will switch from Microsoft Azure to its flagship Krutrim cloud. This decision came after LinkedIn deleted several of his posts, invoking “professional community policies.” Bhavish Aggarwal, co-founder and CEO.(HT File Photo) “Since LinkedIn is owned by Microsoft and Ola is a big customer of…
Elon Musk touted plans to expand Tesla Inc.’s Supercharger network just over a week after firing almost all of the roughly 500 people who ran the business. Tesla CEO Elon Musk (via REUTERS) Also Read: Sacked Tesla employee says Elon Musk’s company is selling magic: ‘Will look back on the time fondly’ Unlock exclusive access…
Virat Kohli and Anushka Sharma are set to get a 271% return following the listing of insurance startup Go Digit next week. At the upper band of ₹278, the couple’s total investment of ₹2.5 crore will turn to ₹9.25 crore- notional profit of ₹6.75 crore. Virat Kohli had bought 266,667 shares at a per unit…
Britain’s economy grew by the most in nearly in three years in the first quarter of 2024, ending the shallow recession it entered in the second half of last year and delivering a boost to Prime Minister Rishi Sunak ahead of an election. Britain’s Prime Minister Rishi Sunak hosts a meeting with Vice Chancellors from…
Bitcoin is grinding lower as part of a $500 billion slide in digital assets, stoking questions about whether the crypto rebound has peaked. Bitcoin is flirting with five straight days of declines, which would be the longest such losing run since October last year(REUTERS) The token is flirting with five straight days of declines, which…
TVS Motor share price: Shares of TVS Motor Company rose more than 6 per cent after the company’s consolidated net profit increased 15 per cent for the fourth quarter ended March 2024. The stock went up 5.73 per cent to ₹2,121.30 on the BSE and on the NSE, it climbed 6.32 per cent to ₹2,123….
The Indian stock market has witnessed intense volatility in the past four sessions. Not even quality stocks remained immune to the ups and downs of the market- one of which is Titan Company. The Tata Group stock, which has investments from the Life Insurance Corporation (LIC) of India and late ace investor Rakesh Jhunjhunwala’s wife…
Google has introduced a private digital wallet for Android users in India, allowing users to securely store cards, tickets, passes, keys and IDs, an official said on Wednesday. Google Wallet is different from Google Pay app which helps manage money and finances. Google Wallet can be downloaded from Play Store and would allow users to…
“Biggest day for the iPad, since its introduction”, is how Tim Cook, CEO of Apple, summarised the day’s proceedings. It had been a fairly long wait. The iPad Pro and iPad Air lines last were updated a couple of years ago, at different points. Apple is more than making up for the time that’s passed…
Sahil Bloom, an Indian-origin New York-based entrepreneur, took to social media platform X (formerly Twitter) to share a post expressing gratitude to Apple CEO Tim Cook. Reflecting on how Tim Cook guided him when he was feeling lost and “changed his life”, Sahil Bloom called the Apple boss a “brilliant and successful man”, a friend…
Amid geopolitical and economic uncertainties, gold has emerged as a favored investment, witnessing a significant price surge triggered by Russia’s invasion of Ukraine and the conflict between Israel and Palestine. However, the prolonged and resilient rise of gold, surpassing $2,400 per ounce, owes much to China’s influence. gold has continued its ascent despite factors that…
Bhavish Aggarwal, founder and CEO of Ola, reflected on the use of gender pronouns, sparking a controversy on social media platform X (formerly Twitter). In a post on X, he said that he can only hope that the “pronoun illness” does not reach India as he asked people to draw a line in following “the…
The Centre recently warned about “drip pricing”, saying it can surprise consumers with “hidden charges” and advised them to seek assistance if they encounter such surges in charges on a product’s MRP (maximum retail price). The department, managed by the Ministry of Consumer Affairs, also shared a sample demonstrating how drip pricing applies to a…
By Lalit K Jha TiE Silicon Valley embarks on a new path of diversity, involves youth and women and aims to go global: Anita Manwani Santa Clara, Indian American-dominated TiE Silicon Valley, has embarked on a new path of diversifying and inclusiveness by focusing on other communities and having women and youths’ greater involvement in…
yacht rental South of France For those interested in yachting, whether as a professional or amateur sailor, chartering a yacht offers an opportunity to see the world from a unique perspective. With the ability to travel anywhere in the world, yacht charters are an excellent way to enjoy a different culture, visit untouched islands or…
Paytm’s COO and president Bhavesh Gupta on Saturday resigned from his posts at the company citing personal reasons, a company statement said. The fintech company said in its regulatory filing that Gupta’s resignation has been accepted by the company. Bhavesh Gupta, COO and president of Paytm(Photo courtesy: https://blog.paytm.com/) “Bhavesh Gupta, President and Chief Operating Officer,…
Mumbai [India], : Tata Projects, one of the leading Indian Sustainable Technology-led Engineering, Procurement, and Construction company and part of the world-renowned Tata Group, announced its financial results for the fiscal year. Mr. Vinayak Pai, MD & CEO at Tata Projects, elaborating on the FY24 performance, said “Our strategic realignment, organisational transformation and improved focus…
The U.S. government will lay out its antitrust case against Alphabet’s Google on Friday in a second day of closing arguments focused on accusations that the online search leader broke the law to stay on top in search advertising. Google CEO Sundar Pichai leaves the federal courthouse in Washington. The largest US antitrust trial since…
Ajanta Pharma share price: Shares of Ajanta Pharma rose 14 per cent and hit its 52-week high of ₹2,540 today (May 3) following company’s significant March quarter earnings along with its buyback plans. The company’s board approved its fourth buyback plans in four years along with its Q4 results through which the drugmaker will repurchase…
Peloton Interactive Inc. shares fell to a record low after Chief Executive Officer Barry McCarthy announced plans to step down and the struggling fitness company embarked on a major restructuring that will reduce its global workforce by 15%. Peloton Tumbles to Record Low After Announcing CEO Exit, Layoffs The board will conduct a search to…
India’s manufacturing sector activity moderated in April, but still recorded the second fastest improvement in operating conditions in three-and-a-half years supported by buoyant demand, a monthly survey said on Thursday. Indian manufacturers reported robust demand for their goods in April, from domestic and external clients. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI)…
Google users reported that the search engine was not working for them as it faced an apparent outage across the globe. Users reported problems with Google services including Google Search as per Downdetector that tracks outages by collating status reports from several sources including users. Google logos are shown when searched on Google in New…
Zerodha co-founder Nithin Kamath showed his support for bonds which can be a good pick for most Indians investors as per him. Bonds so far have been an HNI product but to increase the participation of retail investors in the corporate bond market, Sebi cut the face value of such debt securities to ₹10,000 from…
India’s stock markets have been rising and in tandem, gold prices have been increasing. It has been nothing short of a surprise. The demand for the yellow metal has been steady and now the numbers are in. Gold price has been rising in India. India experienced an 8% annual increase in gold demand, reaching 136.6…
Stock market today: Benchmark Sensex and Nifty 50 opened on a tepid note today (April 30) after tracking sharp gains in the previous session. The indices, although, moved ahead in the session to move towards new peaks owing to positive cues from global markets and robust Q4 earnings from most companies. Stock market today: A…
CEO Sam Altman-led OpenAI has grabbed the attention of the world with its artificial intelligence-powered models since 2022, but it has not been smooth sailing. Even though it has the backing of one of the biggest companies in the world, Microsoft, it is having to turn to a number of other sources for something that…
Yes Bank share price: Shares of Yes Bank opened upside at ₹27.50 apiece on NSE and went on to touch an intraday high of ₹28.55 per share after the opening bell today (April 29). This comes after the lender announced strong Q4 results 2024 on Saturday. Yes Bank share price went on to touch an…
In a massive shot in the arm for the economy in general, Union Minister of State Jitendra Singh shared that the number of startups in India jumped from around 350 in 2014 to over 300 times that in the past decade. These are the 10 years, the BJP-led NDA government has been in power at…
India’s rapidly growing auto market is poised to hit a milestone, with projections indicating it will reach USD 300 billion by 2026. This growth is fueled by various factors, including rising income levels, urbanization, and a burgeoning middle class with increasing purchasing power. India’s rapidly growing auto market is poised to hit a milestone, with…
MDH, a popular Indian spice brand, on Saturday rejected the allegations of its products containing a cancer-causing pesticide, saying that the claims are “baseless, untrue and lack any substantiating evidence”. The recalled MDH sambar masala was distributed in northern California retail stores, House Of Spices (India) said in a statement.(mdhspices.com) The brand’s statement comes days…
The top US auto-safety regulator is again investigating Tesla Inc.’s Autopilot, this time over whether a fix deployed months ago did enough to stop people from misusing the system. Cars are parked at a Tesla dealership in Berlin Tuesday, April 23, 2024. (Sebastian Christoph Gollnow/dpa via AP)(AP) The National Highway Traffic Safety Administration disclosed Friday…
Tata Electronics has tied up with two Indian manufacturers in Pune and Bengaluru to develop capabilities to work on developing very sophisticated and complex high-precision machines used to produce the casing of the iPhone, Economic Times reported. The Apple logo is illuminated at a store in the city center in Munich, Germany.(AP) The equipment can…
The Reserve Bank of India (RBI) barred Kotak Mahindra Bank from adding new customers through its digital channels and from issuing fresh credit cards which led the lender’s shares to fall as much as 13%. As the largest shareholder with a stake of almost 26%, Uday Kotak bore the brunt after the crash in shares-…
NEW DELHI: Around 196 fossil fuel and chemical industry lobbyists have registered for the United Nations negotiations on the first global treaty to curb plastic pollution in Ottawa, according to an analysis by the Centre for International Environmental Law (CIEL), a nonprofit law group. Activist Dianne Peterson places a sign on a public art installation…
* GRAINS-Wheat eases from 3-month top; dryness, supply woes curb downside Wheat dips after rising on Wednesday to highest since late Jan HT launches Crick-it, a one stop destination to catch Cricket, anytime, anywhere. Explore now! * U.S., Russia dryness; Black Sea war to limit decline in prices By Naveen Thukral SINGORE, – Chicago wheat…
By Aditya Soni and Reshma Rockie George Tesla jumps as Musk’s promise of ‘more affordable’ cars eases growth fears -Tesla shares surged about 10% on Wednesday after the electric-car maker eased some worries about slowing growth with its plans to roll out more affordable models in early 2025. HT launches Crick-it, a one stop destination…
Prime Minister Narendra Modi is doing an “unbelievable job” in India, JPMorgan Chase & Co. chief executive Jamie Dimon said, adding that a lot of US government officials are “fantasizing… how we think they should be running their country” while the Indian leader is facing challenges heads on. Speaking at an event organised by the…
While most people’s eyes are fixated on the big tech companies’ results like TCS, Infosys and Wipro, or even on Reliance Industries (all of these 4 companies have released their quarterly numbers), there are certain other companies that are always in demand because of their image as safe bets. These are mostly FMCG and pharma…
By Anant Chandak India’s April business growth at near 14-year high, PMIs show BENGALURU, – India’s business activity expanded at its fastest pace in nearly 14 years this month thanks to robust demand, according to a survey released on Tuesday that also showed easing input inflation and positive jobs growth. HT launches Crick-it, a one…
The National Company Law Tribunal (NCLT) on Monday initiated insolvency proceedings against Subhash Chandra, founder and chairman emeritus of Zee Entertainment Enterprises Ltd., following a plea by Indiabulls Housing Finance Ltd. Chandra acted as a personal guarantor for a loan to Essel Group’s Vivek Infracon Pvt, PTI Subhash Chandra launched Zee Entertainment, considered to be…
The share price of Gujarat State Petronet was locked at 20% lower circuit today (April 22). This comes after Petroleum and Natural Gas Regulatory Board (PNGRB) cut pressure transmission tariff on the Gujarat State Petronet’s Gujarat pipeline network by 47%. The company’s shares were down 20% at ₹302.30 apiece on the BSE in morning trade. …
A number of companies are taking to the primary market for fund gathering purposes in the next week. JNK India is set to enter the markets with a share sale valued at ₹650 crore, while Emmforce AutoTech IPO is worth ₹54 crore. Already in the ring is Vodafone Idea FPO, which is the largest such…
Now, people above the age of 65 will be able to purchase new health insurance policies as the Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from April 1, 2024, ANI reported. The insurers may design the health insurance policy products specifically for senior…
When it comes to deal-making, there is no one better than Microsoft CEO Satya Nadella. In case of doubt, just check how his deal with Sam Altman-led OpenAI, stole the thunder from the likes of Google, Meta Platforms, Apple, even Tesla chief Elon Musk and the rest of the tech world. It has arguably put…
US banking regulators are planning to revive a proposal that would require big banks to defer executive compensation and claw back more of their bonuses if losses pile up, the Wall Street Journal reported on Friday. The Federal Reserve is not involved in drafting the proposal, the report said. (AFP) Six agencies, including the Federal…
| Powered by WordPress | Theme by TheBootstrapThemes