Excitel, the home internet startup, has introduced an affordable internet plan targeting major southern cities such as Bengaluru, Hyderabad, Mangalore, Guntur, and Vijayawada. This new plan meets the growing global demand for high-speed internet access coupled with a diverse range of entertainment options. The new OTT pack not only provides cost-effective, high-quality viewing but also…
With a few days left for the Ram Mandir’s inauguration in Ayodhya, the town is witnessing huge interest among real estate investors, hotel players and even senior citizens who wish to invest in property in the religious destination. Representative image of the Ram Mandir being constructed in Ayodhya, Uttar Pradesh (File Photo)(File Photo) The date…
In a ‘battle of billionaires,’ world’s richest person Elon Musk and ‘Shark Tank’ fame Mark Cuban, who has a minority stake in the NBA’s Dallas Mavericks, recently got into an online spat on the issue of DEI (diversity, equality, and inclusion) initiatives in US companies. Elon Musk (left) and Mark Cuban (Image courtesy: Forbes) The…
Difference Between Male and Female Plumber When you think of a plumber, the image that pops into your head is probably a male wearing a jumpsuit with tools slung over their shoulder and crawling into dark corners to repair a leaky faucet or unclog a toilet. This gender stereotype has dominated the plumbing industry for…
Tata Passenger Electric Mobility, the company’s electric vehicle arm, is planning to bring five products over the next 18 months using its first advanced pure electric vehicle architecture, ‘acti.ev’. Tata Motors has shared the first look of the upcoming Punch EV which will be launched in the next few weeks. Punch.ev will be the first…
Hindustan Aeronautics (HAL), known for manufacturing the Tejas fighter jet, saw a major spike in shares on Friday. The market valuation of the company jumped past the ₹2 lakh crore mark. HAL share prices jumped up by 6 percent on Friday.(X) On January 5, the shares of Hindustan Aeronautics saw a spike of 6 percent,…
Apple received its second straight rating downgrade of the year on Thursday, with financial services firm Piper Sandler downgrading the rating on the tech giant’s stock to ‘neutral’ from ‘overweight.’ Apple Inc. logo The decision, said Piper Sandler in a note to its clients, was due to worries regarding ‘tepid’ demand for Apple’s products, including…
Being one of the most expensive stock in India, Nestle India shares will soon be more affordable for the general public after the stock split of the company is finalised on Friday, January 5. Nestle India share prices are expected to see a major drop tomorrow.(REUTERS) Nestle India is the sixth most expensive stock in…
The Adani Ports and Special Economic Zone (APSEZ) on Wednesday elevated chief executive officer (CEO) Karan Adani as the company’s new managing director. His father Gautam Adani has been re-designated as the company’s executive chairman. Gautam Adani’s son Karan Adani(Bloomberg file photo) “APSEZ, India’s largest ports and logistics company, has elevated CEO Mr Karan Adani…
The Indian stock market closed 2023 with a stellar rise, with BSE Sensex and NSE Nifty both witnessing nearly 20 per cent hike this fiscal year. This spike hugely factored in when it came to the returns of mutual fund investors. Here are the top mutual funds of 2023 that gave exceptional returns Those who…
New Delhi: The Supreme Court will on Wednesday deliver its judgment on a bundle of petitions, demanding investigation into allegations of accounting fraud and stock manipulation against Adani group companies, published in a research report by US short-seller Hindenburg Research in January 2023. The SC on March 2, 2023, set up a six-member panel, led…
Billionaire Gautam Adani-led Adani Group won the contract for the mega industrial project for the redevelopment of Dharavi last year, and has roped in three city planners, including Hafeez Contractor, reported PTI on Monday. Hafeez Contractor will lead the designing of the Dharavi slum project. Hafeez Contractor, along with the other city planners, will be…
Air India announced on Monday that its new aircraft and India’s first, Airbus A350, will enter commercial service on January 22. Bookings for flights operated by this wide-body plane are now open. Air India’s first Airbus A350-900 (VT-JRA) touches down at Delhi Airport in New Delhi on Dec 23.(ANI) Initially, the aircraft is deployed on…
India saw its highest ever domestic traffic in a single month this December with the month closing with 13.8 million passengers, a new high! This surpassed the previous high recorded in May this year when 13.21 million domestic passengers took to the air. The December numbers are the cherry on the cake for 2023 –…
India’s electronics manufacturing sector is set to grow 15 per cent to be worth USD 115 billion in 2024, with players continuing to focus more on higher levels of value addition in terms of components and development of products. ICEA estimates that mobile phone exports have surpassed $9 billion during the April-November period of this…
The Narendra Modi government on Sunday appointed former NITI Aayog vice chairperson Arvind Panagariya as the new chairman of the Finance Commission, Reuters reported. Arvind Panagariya has been appointed as the new finance commission chairman(HT Photo) Every five years, the Centre sets up a finance panel to suggest formula for the sharing of taxes between…
New Delhi [India], December 30 (ANI): India’s reliance on thermal coal imports for blending has witnessed a significant downturn, with a 44.3 per cent year-on-year decrease, totalling 15.16 million metric tons from April to November in the current fiscal year. HT Image As per S&P Global, despite this reduction, the country experienced an 11.2 per…
Zerodha CEO Nithin Kamath, who founded the company with brother Nikhil, paid tribute to their father, who he said, was their ‘biggest cheerleader.’ Kamath brothers with their father (Image courtesy: twitter.com/Nithin0dha) In a long post on X (formerly Twitter), Kamath stated that their father was, in a way, their venture capitalist (VC), and the ‘first…
Tesla chief executive officer (CEO) Elon Musk has been dubbed as the ‘2023 Scoundrel of the Year’ by American news website New Republic. We are not joking. In a scathing article, the website has hit out at Musk, who also owns the social media platform X, formerly known as Twitter. Recalling the social media platform’s…
Mumbai: India’s Financial Intelligence Unit has issued show cause notices to nine offshore crypto-currency operators, including Binance, for not complying with the anti-money laundering PML Act. Binance logo.(Reuters) In a release, the government said the body has issued “compliance Show Cause Notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs)”. Wrap up the…
KPI Green Energy Limited, a Gujarat-based renewable power generating firm, is likely to issue bonus shares to its shareholders, CNBC TV18 has reported. The company maintains renewable power plants under the brand name ‘Solarism’ (Image courtesy: kpigreeenergy.com) To accommodate the bonus issue, the company could approve an increase in its authorised share capital, the report…
Ultratech Cement on Wednesday witnessed a 4 per cent jump in its shares, this on a day when the Sensex crossed the 72,000 mark for the first time and National Stock Exchange (NSE) index hit an all-time high of 21,654.75. The shares of the cement manufacturer hit an all-time high of ₹10,489.40 before closing at…
With the current surge of the Indian stock market, Nifty has touched its lifetime high at 21,600 points. During the first three hours of the markets opening, the Nifty index crossed the historic mark, settling at 21,603 points. Sensex and Nifty both skyrocketed on Wednesday after markets opening.(Bloomberg) Nifty gained over 134 points on Wednesday,…
Former Reserve Bank of India (RBI) governor Raghuram Rajan has picked Manmohan Singh and Yashwant Sinha as two of the ‘best finance ministers’ the country has seen. Former Governor of Reserve Bank Of India (RBI) Raghuram Rajan (Mohd Zakir/HT PHOTO) “I think there is a tussle in my view between Dr Manmohan Singh and Yashwant…
Bloomberg | | Posted by Singh Rahul Sunilkumar Adani Green Energy Ltd. has secured buyers for the entire 8 gigawatts of green power projects it won in a tender more than three years ago, reaching a milestone in its plan to expand generation capacity by more than five-fold by the end of the decade. Adani…
New Delhi: Days after the Enforcement Directorate arrested three Vivo India employees in connection with a money laundering probe, China on Monday said it will provide assistance to the arrested individuals. A scooterist rides past a shopping complex with the billboard of Chinese smartphone maker Vivo in Ahmedabad. (Reuters file photo) The Chinese foreign ministry…
India’s labour force increased by 101 million between 2017-18 and 2022-23. This was largely because women’s labour force participation in rural areas increased. If new jobs are not created, such growth in labour force (part of the population working or looking for a job) usually leads to a rise in the unemployment rate. However, the…
Zerodha CEO and co-founder Nithin Kamath is known to promote and back lucrative startups, expanding his portfolio every year. Recently, an entrepreneur named Dilip Kumar shared the story of how Kamath invested in his company. A startup founder sent a cold email to Zerodha CEO Nithin Kamath, asking for investment. Kumar, narrating the story on…
Air India’s first A350-900, adorned with a fresh brand livery, landed at Indira Gandhi International Airport in Delhi from Airbus’ Toulouse facility in France on Saturday. Registered as VT-JRA, this marks the Tata Group-owned airline as the first in India to operate this wide-body aircraft type in its fleet,. Air India Airbus A350 lands at…
A year after Google fired 12,000 employees in the biggest lay off in the history of the company, a new report has suggested that a larger layoff may be hitting the tech giant soon, posing a risk at around 30,000 jobs. A report suggests that Google may be planning another big layoff soon.- (Reuters)(Reuters) Google…
The Periodic Labour Force Survey (PLFS) conducted between July 2022 and June 2023 was the first one conducted after the Covid-19 pandemic almost completely subsided. Data released from the survey in October shows that key trends in India’s labour market remain the same as during the pandemic: a rise in labour force participation, a fall…
Benchmark equity indices began the trade on an optimistic note on Friday tracking firm global market trends. Sensex climbs 180 points to open above 71,000; Nifty at 21,288(REUTERS) The 30-share BSE Sensex climbed 180.55 points to 71,045.65 in early trade. The Nifty went up by 58 points to 21,313.05. Stay tuned with breaking news on…
December 21 was the first day of the initial public offering (IPO) of both Sameera Agro and Indifra. While Sameera Agro was subscribed 0.27 times on Day 1 of the issue, Indifra had a slightly better performance at 0.74. Sameera Agro IPO and Indifra IPO have had a lukewarm response on the first day of…
Benchmark equity indices continued to fall for the second day running on Thursday amid weak trends in global markets and continuous foreign fund outflows. Representational Image Investors also went for profit-taking after the recent record-breaking rally in the markets. Stay tuned with breaking news on HT Channel on Facebook. Join Now The 30-share BSE Sensex…
Indian startup and social media platform ShareChat has been struggling after its valuation was cut by more than half this financial year. Now, the Bengaluru-based firm has laid off 200 employees. ShareChat has fired over 20 percent of its workforce in 2023.(Mint) ShareChat reportedly laid off 200 employees on Wednesday after issuing an official statement…
DOMS share price LIVE updates: How will the firm utilise the proceeds from the IPO? Funds raised through the fresh issue would be used for setting up a new manufacturing facility to expand the company’s production capabilities for a range of writing instruments, watercolour pens, markers and highlighters as well as for general corporate purposes.
With the Winter Session currently underway, the Parliament was informed on Tuesday that there has been a 28 per cent annual increase in unclaimed deposits with the banks to ₹42,270 crore in the last financial year. RBI is actively working to reduce the rate of unclaimed deposits in banks.(Getty Images/iStockphoto) At the end of March…
The new Bharatiya Janata Party government in Rajasthan may reduce petrol rates by ₹8-10 per litre and consider cutting diesel prices marginally by reducing value-added tax to fulfil a poll promise made by Prime Minister Narendra Modi, two officials said. Petrol and diesel rates vary because of state levies and other local charges. (HT) “The…
PNN HT Image New Delhi [India], December 18: Shemaroo Entertainment, a prominent name in the media and entertainment industry, is delighted to share its remarkable success at the prestigious Promax Global Excellence Awards 2023, securing an impressive total of 13 trophies. This outstanding achievement elevates Shemaroo’s total Promax Trophies count to an impressive 117. Stay…
Real estate developers’ body National Real Estate Development Council (NAREDCO) has recommended to the finance ministry to come up with the second tranche of the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund with a corpus value of ₹50,000 crore in the upcoming budget for the financial year 2024-2025, saying the move is expected…
Reliance Industries Ltd was the biggest wealth creator during the five-year period from 2018 to 2023 while Adani Enterprises Ltd was the top all-round wealth creator, according to a study by Motilal Oswal Financial Services. Indian tycoons Gautam Adani and Mukesh Ambani. The study, based on stock market performance of companies, said for the fifth…
Infosys has kicked off its delayed pay hike, as a ‘large number of employees’ received their salary revision letters on Friday. Infosys The hike is with effect from November 1, the letters said. Typically, hikes at the tech giant are effective from April 1 each year. Stay tuned with breaking news on HT Channel on…
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