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Showing posts from May, 2022

Nick Jonas on becoming a father - “I’m so grateful for Malti Marie and the wonderful perspective of being a parent”

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Priyanka Chopra and Nick Jonas became parents to a daughter earlier this year via surrogacy. Their newborn daughter Malti Marie Chopra Jonas was brought home in May 2022 as the little one was in NICU (Neonatal Intensive Care Unit) for over 100 days. But, the new parents are very grateful that their child is home. Talking about being first time parent and the responsibility, Nick Jonas spoke to Variety recently and said, “The weight of everything is much more intense. I think it’s now about trying to be as present as possible and as thoughtful as you can be for your family, but also for other people’s journeys. I’m so grateful for [Malti Marie] and the wonderful perspective of being a parent.” Ina recent conversation on The Kelly Clarkson Show, Nick had also said, “It’s pretty wild. There she (Malti Jonas) is with a little heart face. She is the best. It has been a magical season of our lives. It is a blessing to have her home.” On Mother's Day, Priyanka Chopra wrote, “On this M

After Dhaakad debacle, Kangana Ranaut begins prep for next directorial Emergency 

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Kangana Ranaut has faced another setback with the failure of Dhaakad at the box office. The film, which released in theatres on May 20, failed miserably and hardly any shows are playing. But, that doesn't stop the actress as she has begun prep for her next project, Emergency . Donning director's hat again after Manikarnika: The Queen Of Jhansi . The actress posted several pictures on Monday from the recee day. In one of the photos, she wrote, "Rekee day one… don't mess with me is my resting pose." In another photo, she wrote, "Of all the roles I play I am most comfortable in being a film maker. #Emergency." She was dressed in white salwar kurta paired with green dupatta whilst being engrossed in conversation. Kangana Ranaut had announced the project in June 2021. She wrote in a statement, "Pleased to wear director’s hat again, after working on Emergency for more than a year I finally figured no one can direct it better than me. Collaborating w

HDFC bank customers turn 'crorepatis' in Chennai

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A few HDFC Bank account holders in the city became rich for a few hours on Sunday after their bank balances shot up by lakhs and even crores in certain cases. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OnqHs21 >

HUL’s Mehta’s pay up 47% at Rs 22cr in FY22

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Sanjiv Mehta, MD & CEO of Hindustan Unilever (HUL), took home a total compensation of Rs 22 crore in 2021-22, a jump of 47% over the previous year’s figure of Rs 15 crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CSZKhcw >

LIC Q4 profit drops 18% on lower surplus

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Life Insurance Corporation of India has reported a profit of Rs 2,372 crore for the quarter ended March 2022 — a decline of 18% over Rs 2,896 crore in the corresponding quarter of previous year due to a lower transfer to shareholder accounts from policyholders’ funds. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PReTXS3 >

India finalising consultation paper on crypto: DEA secy

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The government will soon finalise a consultation paper on cryptocurrencies with inputs from various stakeholders and institutions, including the World Bank and the IMF, economic affairs secretary Ajay Seth said on Monday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Po7ITwh >

RIP Sidhu Moose Wala: Ranveer Singh, Ajay Devgn, Diljit Dosanjh, Shehnaaz Gill & more mourn the untimely death of Punjabi rapper 

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Popular Punjabi singer and rapper Sidhu Moose Wala, who joined the Congress before the Punjab elections, was reportedly shot dead. The incident allegedly took place in Jawaharke village of Mansa district on Sunday, May 29. His untimely death has left the nation in shock with fans, netizens and political leaders demanding investigation in the murder of the rapper. Amidst this, celebrities, fans and everyone are mourning the loss of the popular singer and rapper. Ajay Devgn, Ranveer Singh, Kapil Sharma, Diljit Dosanjh, Shehnaaz Gill among others have taken to social media to send their condolence and mourn the loss of the artiste.   View this post on Instagram   A post shared by Ranveer Singh (@ranveersingh) Stunned by the shocking death of #SidhuMoosewala . May Waheguru give his loved ones strength in their hour of grief. RIP departed soul ???? Still trying to wrap my head around this one. pic.twitter.com/voGupsgZ2B — Ajay Devgn (@ajaydevgn

Govt’s stake in Union Bank to go below 75%

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Union Bank of India aims to bring down the government’s stake in the lender to around 75% from 83% by raising fresh equity capital. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/G5S8qsF >

GIC Re to shift its int’l biz to GIFT City arm

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General Insurance Corporation (GIC Re) plans to upscale its branch in the International Finance Centre at GIFT City, Ahmedabad into a subsidiary. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7f3yzuB >

Global companies look to ramp up India ops in next few years

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Investors ranging from Goldman Sachs to IBM, DHL, Brookfield and some of the semiconductor giants have told the government that they are looking to significantly ramp up their Indian operations over the next two-three years amid signals from the US that several companies are looking to further reduce their dependence on China. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/R1N4Vow >

New-to-job Gen Zs feel price pinch for 1st time

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Many Gen Zs, born after 1997, started working in 2019. Due to Covid and WFH, most of them shifted to their hometowns, saving on house rent in metros. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yGfchxI >

PSU banks double net profit to record ₹66.5k cr in FY22

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Public sector banks (PSBs) have doubled their net profit during financial year 2021-22. The collective profit of 12 state-owned banks during 2021-22 worked out to Rs 66,539 crore, an increase of 110% over Rs 31,816 crore in FY21. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RZb05XW >

Customs, GST wings asked to be proactive in IBC cases

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The government and the Insolvency & Bankruptcy Board of India (IBBI) have worked out a mechanism to share data on companies facing insolvency action as the customs and GST wings repeatedly miss the deadline for filing claims, resulting in prolonged litigation. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OZbvBxY >

Ambani and Adani in race to be No. 1 in civilian drones

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Sara Ali Khan holidays in Istanbul with friends; shares stunning pictures

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Sara Ali Khan is a travel enthusiast and her Instagram feed is proof of the same. When she is not shooting for her films and other projects, the actress prefers to explore new destinations with friends and family. Currently, Sara is holidaying in Istanbul. On Saturday, she took to her Instagram feed to share a couple of pictures of her and her friends posing in some picturesque locations of Istanbul in Turkey. From visiting the mosques in the country with resplendent architecture to enjoying the beautiful weather, Sara has been making the most of her trip to the Middle-East country. For her mosque visit, Sara opted for a pink suit, while she kept it simple in casuals as she explored the city with her friends. Sharing pictures from her trip, Sara wrote, "Bosses by the Bosphorus".   View this post on Instagram   A post shared by Sara Ali Khan (@saraalikhan95) Meanwhile, on the work front, Sara Ali Khan was last seen in the film A

Coal India to import for first time in years as power shortages loom

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ONGC reports highest net profit of Rs 40,306 cr; becomes India's 2nd most profitable firm

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On the back of the best-ever price it earned on crude oil it produces, state-owned Oil and Natural Gas Corporation (ONGC) reported a record net profit of Rs 40,305 crore in the fiscal year ended March 31, becoming India's second most profitable company behind Reliance Industries Ltd. ONGC pushed Tata Steel to No.3 spot, while TCS is at No.4. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/izOYLvu >

Tata Motors gets Gujarat nod to take over Ford's Sanand plant

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IndiGo fined Rs 5 lakh for not allowing special child to board

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Civil aviation regulator DGCA has fined private carrier IndiGo Rs 5 lakh for "deficient" handling of a special child who wasn't allowed by the airline's ground staff at Ranchi airport to board a Hyderabad-bound flight with his parents on May 7, following which the family couldn't make the trip and later filed a complaint. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GQncrpw >

Adani arm acquires 50% of B’luru-based drone startup

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The Gautam Adani-led Adani Enterprises will buy 50% in General Aeronautics, a Bengaluru-based drone maker, for an undisclosed sum. M&A activity in the futuristic drone industry is on an upward curve. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mTZwhyF >

RBI’s basket of forex assets to widen amid uncertainty

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from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zfIvKYa >

Have right to levy service charge: Restaurants' body

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Defending the right of restaurants to levy service charge, the Federation of Hotels and Restaurants Association of India on Friday said it will participate in the meeting called by the department of consumer affairs (DoCA) on the issue on June 2. The DoCA discussion follows complaints by customers on the National Consumer Helpline that restaurants impose 5-15% service charge even though it is different from taxes and is in the nature of a tip. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zPVvjxC >

India seen facing wider coal shortages, worsening power outage

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India is expected to face a wider coal shortage during the quarter ending September over expectations of higher power demand, an internal power ministry presentation seen by Reuters showed, worsening risks of widespread power outages. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YXbMw3h >

Oil India reports high-ever profit on oil price surge

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State-owned Oil India Ltd on Friday reported its highest-ever quarterly net profit in the three months to March as it got nearly $100 per barrel price for oil produced and sold. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ra2ncdD >

Forex reserves rise $4.23 billion to $597.51 billion: RBI

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India's forex reserves increased by $4.23 billion to $597.509 billion for the week ended May 20 on the back of a high accretion of core currency assets, according to RBI data. The country's foreign exchange reserves had declined by $2.676 billion to $593.279 billion in the previous reporting week ended May 13. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3LCuG7e >

Geopolitical events, Covid hurt appetite for BPCL

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The department of investment and public asset management (Dipam) had invited bids globally on March 7, 2020 for the privatisation of BPCL, but was forced to extend the date for submitting the initial bids multiple times due to the impact of the pandemic as potential bidders faced hurdles due to the lockdowns across the globe. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7f0RYXq >

Infosys raises CEO Salil Parekh's salary by 88% to Rs 80 crore

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Infosys has raised CEO Salil Parekh's compensation by a massive 88% to Rs 79.8 crore (more than $10 million), a reward for the industry-leading performance of the company, and the phenomenal increase in shareholder value during his tenure. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/z4nc1bl >

India moves ahead with its UK, EU trade pacts

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India has no plans to curb rice exports as local supplies surge

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India does not plan to curb rice exports as the world's biggest exporter of the staple has sufficient stocks and local rates are lower than state-set support prices, trade and government sources said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/k8N9wq0 >

Govt asks power producers to seek weekly payments

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India has asked power producers to bill electricity buyers every week to ensure adequate cash flow as costs surge due to higher imports of expensive coal, according to a federal power ministry letter seen by Reuters. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iCu1Vfh >

SBI economists peg Q4 GDP at 2.7%, FY22 growth at 8.5%

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Upcoming release of official data for economic performance is likely to register a 2.7 per cent growth for the January-March period, and the FY22 growth is expected to be 8.5 per cent, economists at SBI said on Thursday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/f5Z7yD4 >

Ambassador 2.0 to hit roads in two years

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UK insurance broker Howden to buy 100% in Indian arm

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Published paper on insurance claims pegs excess deaths in 2020 & 2021 at 4.7mn

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A new paper based on insurance policy claims data estimates 0.56 million excess deaths in India in 2020 and 4.15 million excess deaths in 2021, or a total of 4.71 million excess deaths in the pandemic years. The calculations in the paper are based on death claims settled by all life insurers as reported by the Insurance Regulatory and Development Authority till March 2021, death claims settled by LIC in April-December 2021, and CRS data on death registration in India during 2017-20. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/k0bYJMK >

High inflation may delay rejig of GST rates

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Inflation may take a toll on GST rate rationalisation as the Centre and the states may find it prudent to postpone a decision until prices stabilise given that the rejig may see the levy on several items go up, government sources indicated on Wednesday. While a group of state finance ministers has been constituted to look into the issue, it is yet to support the move and the GST Council is unlikely to meet until the second half of June. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xDFBNwi >

States to save Rs 19,833cr in power dues from amnesty scheme

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State discoms ( power distribution companies) will save Rs 19,833 crore on late fee in the next 12 to 48 months from an surcharge-free instalment scheme being rolled out by the power ministry to help them clear their accumulated dues to gencos (generation companies), a major drag on the sector. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Dd5v3iO >

Cabinet clears sale of govt's 29.58% stake in Hindustan Zinc

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The Union Cabinet on Wednesday approved the sale of the government's residual 29.58 per cent stake in Hindustan Zinc, which at current prices would fetch over Rs 38,000 crore to the exchequer, sources said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GFM7XjR >

As capital flows slow, startups begin layoffs

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Is the job market moving from the `Great Resignation’ phase to a `Great Layoff’ phase? There are signs of this in the startup world, though not yet in the broader tech world. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PbuFHqL >

Coal India to open big, new mine this year to fight power crisis

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State-run Coal India will open this year what is expected to become one of the country's biggest coal mines, officials said, as India struggles to keep pace with surging power demand. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jyMZYVQ >

Government restricts sugar exports to 10 million tonnes

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The government on Tuesday announced a curb on export of sugar beyond 100 lakh tonnes (MTs) during this sugar season ending September. The government said this has been done considering the high increase in exports of the sweetener in the past few months. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/w6U5Xbo >

Tata Steel says India export tax could alter output targets

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Tata Steel is concerned New Delhi's sudden decision to impose an export tax on some steel products could force it to review its production targets, if the levy remains in place for a long time, its CEO told Reuters on Tuesday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nqY7RhG >

Amid coal crunch, NTPC targets 86% rise in output from own mines

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Amid a crushing coal crunch, India’s largest electricity producer NTPC is looking at ramping up Black Diamond production by 86% to 26 million tonnes (mt) from its captive mines in the current financial year, even as the power ministry has raised the requirement of domestic coal for the sector by 10% to 742 millions tonnes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/im509Nj >

US: Hyundai recalls 239,000 cars for exploding seat belt parts

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'Inflation fight will hurt growth, risks wider fiscal gap'

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The export duty hikes and tax cuts will likely hurt economic growth and raise the chances of the fiscal deficit widening, but do little to bring down retail prices within the central bank's tolerance level, economists and industry officials said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/romLOwU >

US bill may force Google, Facebook to break up digital ad business

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A new bill introduced by the US Senate may force tech giants like Google and Facebook to break up their digital advertising business in order to ensure transparency, according to a report by The Wall Street Journal. The bill, if passed, would ban companies processing more than $20 billion in ad business annually from participating in more than one part of the digital ad process. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fezLUm2 >

Paytm payments bank expects RBI curbs to be lifted in 3-5 months

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Paytm Payments Bank, which facilitates transactions on mobile commerce platform Paytm, expects the central bank to allow it to resume taking on new customers in the next few months, a top executive told Reuters. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QUoIG6t >

Export duty hike: Mining, steel groups warn of adverse impact

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The increase in export taxes on iron ore, announced by the government over the weekend, will lead to large surpluses at home, and mainly hit producers of low grade ores that depend on overseas markets, a mining industry body said on Monday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dDXrRqC >