Giri world

The Union cabinet has recommended setting up of the 16th Finance Commission to decide on sharing of taxes between the Centre and the states, setting off speculation on the chairman and members of the Constitutionally mandated panel, whose award would be effective for five years, starting April 2026. The panel, which will be constituted by the President over the next few days, is proposed to be given a simple mandate, instead of expanding it to include issues, such as, GST or ease of doing business, as was the case in the past. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GlrBiVp >

The unemployment rate in urban areas for 15 years and above slowed in the July-September quarter compared to the same year ago period but remained at the same level as in the previous April-June quarter, data showed on Wednesday. ​​Data released by the ministry of statistics and programme implementation showed the joblessness rate slowed to 6.6% in the three months to July-September, lower than the 7.2% recorded in the same year earlier period. In the April-June quarter of the current fiscal year it was at 6.6% from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zAmFKdf >

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The government is considering deploying a series of measures to curb the growing menace of cyber frauds in the financial sector, including blocking the IMEI, the unique number of mobile devices, and restricting withdrawals from suspicious accounts to prevent its use in future incidents. Besides, a proposal to "whitelist" digital lending apps was among options discussed at a meeting in the finance ministry, amid an unprecedented rise in cyber frauds. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GnmTb5u >

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Top level exits at troubled edtech startup Byju's continue. The firm's chief technology officer (CTO) Anil Goel is leaving the company after three years, amid a broad restructuring process that India CEO Arjun Mohan is spearheading. In a statement on Monday, the firm said Jiny Thattil has been elevated as the new CTO. Thattil had been serving as the senior vice-president, engineering at Byju's and has also worked with companies like Amazon, InMobi and GE Healthcare in the past. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WhRi0qB >

Bengaluru's Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) is setting up India's first plant to convert CO2 into methanol at a power plant in Telangana. The plant, commissioned by the Central Mine Planning & Design Institute Limited (CMPDI) with a recommendation from Coal India Limited, is expected to be completed in 2024. The technology, developed by JNCASR's startup Breathe Applied Sciences, will help control environmental pollution by converting CO2 into methanol, reducing the need for imports from China. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PnJ7e5D >

In a glittering prelude to the highly anticipated film Animal, the star-studded pre-release event in Hyderabad witnessed a touching moment as Bollywood heartthrob Ranbir Kapoor paid his respects to renowned filmmaker SS Rajamouli. During the event, SS Rajamouli, the acclaimed director behind the blockbuster RRR, took the stage and showered praise on Ranbir Kapoor, declaring him his favourite actor. Rajamouli's admiration for Kapoor's craft was evident as he lauded the actor's ability to infuse intensity and vulnerability into his performances. However, the highlight of the evening was when Rajamouli playfully challenged Ranbir Kapoor to make a choice between collaborating with him or the talented Sandeep Reddy Vanga. Despite attempts to deflect the question with humour, Kapoor eventually asserted his loyalty to Vanga, expressing, "I am going to be a loyal actor. I have to choose Sandeep Reddy Vanga."   View this post on Instagram   A post shared by Bollywood

The Insolvency & Bankruptcy Board of India (IBBI) will finalize amendments to regulations next month, including those for home buyers, personal and companies' insolvency proceedings, and liquidation. The government may not introduce these amendments in the upcoming parliamentary session. The proposed changes draw upon recommendations from an expert committee, including the registration of property during insolvency proceedings and allowing resolution professionals to break up a company into projects. The IBBI also proposes changes to deal with the insolvency of personal guarantors. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KmyDCPX >

Deregulation of domestic crude appears to have tipped the balance in favour of producers as green shoots of a free market emerge. In term deals signed after getting marketing freedom, state-run producer ONGC is commanding a premium over global benchmark Brent for Mumbai offshore oil in spite of attempts by buyers, also from the public sector, to beat down prices by leveraging discounts on Russian supplies. ONGC produces 13-14 million tonnes per annum of crude oil from its fields in the Arabian Sea, off the Mumbai coast. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3QUBY01 >

Navya Naveli Nanda, the epitome of unfiltered authenticity on social media, continues to capture hearts with her latest Instagram post. Known for sharing glimpses of her genuine life experiences, Navya's recent post radiates a cozy and relatable winter night. In the snapshot, Navya exuded casual elegance, dressed in a beige long sweater paired with denims. Her impeccable sense of style effortlessly blends comfort with fashion, setting a perfect example of laid-back sophistication. Against the backdrop of a warm bonfire, the scene captured the essence of simplicity and coziness. Choosing a minimalist caption, Navya aded a scarf, wood, and a heart emoji, letting the image speak volumes on its own. This candid glimpse into Navya's life not only showcases her fashion sensibility but also invites her followers to appreciate the beauty of simple moments.   View this post on Instagram   A post shared by Navya Naveli Nanda (@navyananda) As soon as she shared the pictures, fans and

State-owned oil and gas giants IndianOil, ONGC, BPCL, HPCL, Oil India Ltd, and Engineers India Ltd have been fined for the second quarter in a row for not having the requisite number of independent directors on board. The fines were imposed by the BSE and NSE, but the companies stated that the appointment of directors is done by the government and they have no role in it. Listing norms require companies to have independent directors and at least one woman director on the board. The companies have requested a waiver of the fines. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/q5rtmSF >

The board of Sebi on Saturday relaxed some of the guidelines for small not-for-profit organisations (NPOs) and non-government organisations (NGOs) to tap the social stock exchanges (SSEs) to raise funds, including halving the minimum fund-raising size to Rs 50 lakh. The board also approved a regulatory framework for index providers “with the objective of fostering transparency and accountability in governance and administration of financial benchmarks in the securities market,” the market regulator said in a release. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ntGzVsB >

The Supreme Court on Friday appeared unpersuaded by lawyer Prashant Bhushan, appearing for a third-year law student, who attempted to punch holes in Sebi's probe into 24 cases of irregularities relating to alleged stock market manipulations by the Adani Group and argued that the regulator had failed to take note of "credible information" provided in the Hindenburg report. Bhushan said Hindenburg had received information about alleged stock market manipulations by the Adani Group from Mauritius authorities. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oc6mlFa >

RBI deputy governor M Rajeshwar Rao has cautioned about 'dark patterns' in mis-selling of digital loans where customers are deceived into availing high-cost loans. The deputy governor has also said that RBI will relook at risk management framework for lenders on liquidity and market risk. According to Rao, mis-selling has taken on a digital form known as 'dark patterns'. These design interfaces and tactics are intended to deceive users into specific behaviours, such as obtaining high-cost, short-term consumer credit under the guise of an instant loan. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dFCpkMR >

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In a landmark collaboration, national mapping agency Survey of India (SoI) and Genesys International, a leading Indian mapping company, on Wednesday announced a strategic tie-up for a three-dimensional (3D) digital twin-mapping programme in India. Genesys thus becomes the first company to have a first public-private agreement with SoI for digital twin-mapping. ​Genesys, which specialises in advanced mapping, survey and digital twin creation and has a global presence, is “going to announce certain international projects next week”, the CMD said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hfoRglX >

Twinkle Khanna is known to voice her opinions in a candid and unapologetic manner and just being herself yet again, Mrs Funnybones decided to share her opinion referring to the first episode of Koffee With Karan 8 which featured Ranveer Singh and Deepika Padukone. The couple opened up about their love story for the first time and the latter confessed that she was meeting other men while she was dating Singh, which resulted in a massive social media uproar. Now coming in support of her is Akshay Kumar’s wife and former actress Twinkle Khanna. For the unversed, Deepika Padukone had to experience a series of trolls over her comment on how she was ‘seeing other men’ prior to making it ‘exclusive’ with Ranveer Singh. The comments and uproar left Twinkle Khanna ‘baffled’ and expressing the same, the actress penned down her thoughts in a column on Times of India. The excerpts from the column read, “On Koffee with Karan, Deepika managed to outrage uncles, aunties, and an entire lot of India’s

Sony has been ordered to face a £6.3 billion ($7.9 billion) lawsuit in the UK over claims that the company abused its dominant position, resulting in unfair prices for customers. The case, brought on behalf of nearly nine million people who purchased digital games or add-on content through Sony's PlayStation Store, alleges that the company's requirement for exclusive sales through its platform led to higher prices. Sony's lawyers argued that the case should be dismissed, but the Competition Appeal Tribunal ruled that it could proceed. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iOdXkbv >

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The US government has reportedly reached a settlement with cryptocurrency exchange Binance, amounting to over $4 billion. The settlement comes after Binance was accused of operating as an unregistered securities exchange and violating US securities laws. The charges against Binance were similar to those faced by the now-collapsed cryptocurrency exchange FTX. Binance's CEO, Changpeng Zhao, has also faced allegations of diverting customer funds and concealing assets. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2orGcI5 >

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Anne Richards has stepped down as the CEO of Fidelity International after five years and will assume the position of vice chair at the company. With over 30 years of experience in asset management, Richards, who previously led M&G Investments and served as CIO at Aberdeen Asset Management, oversaw significant growth during her tenure, with Fidelity's assets reaching $714.3 billion. In her new role as vice chair, Richards will focus on external relationships and strategic partnerships. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/B9VcTqh >

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The BIS wants wooden tables to be able to bear 60 kg and beds to bear 110 kg, along with passing stability, strength, and durability tests. However, industry bodies argue that QCO is burdensome and should align with international standards. The government plans to bring wooden furniture under QCO from 2025. BIS argues that user behavior in India differs from other parts of the world. The BIS and industry will continue discussions to find a solution. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sl9r6Ta >

November is set to be a busy month for IPOs in India, with five companies, including Tata Technologies and Indian Renewable Energy Development Agency Ltd, planning to raise over Rs 7,300 crore collectively. The IPOs of Fedbank Financial Services, Flair Writing Industries, and Gandhar Oil Refinery India are also expected to open in November. This surge in IPO activity is attributed to factors such as strong post-listing returns and favorable market conditions. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TMhUyiJ >

Kartik Aaryan is busy with the shoot of his next big project with Kabir Khan titled Chandu Champion. With regular updates, the actor has kept fans eagerly excited for his next. Continuing the spree of his shoot diaries, he has now shared a photo relaxing atop a hill where he is stationed for the shoot of Chandu Champion. Kartik shared a photo of him where he is wearing a gym vest and joggers, donning a cap and holding a cup of a hot drink on a mountain and asked his fans to guess where he is. He captioned it, "Guess where i am ? #ChanduChampion #ShootDiaries."   View this post on Instagram   A post shared by KARTIK AARYAN (@kartikaaryan) In October 2023, the team embarked on an ambitious endeavour: shooting an astonishing 8-minute-long single-shot war sequence at a breathtaking altitude of 9000 feet above sea level and this scene will definitely be a cinematic spectacle. The highlight of this endeavour was the filming of a 1965 battle at a scale which is unprecedented fo

Be it on the screen or off the screen, Janhvi Kapoor is one actress who has always won the hearts of the audience with her elegance and performances. The actress, who will next star in Mr. & Mrs. Mahi, has returned to classical dancing after sustaining injuries from playing cricket during the shoot of her film. Janhvi took to her social media and shared a video in which she can be seen dancing to the 'Jiya Jale' song. Carrying sheer elegance and grace, the actress set her feet on the classical Kathak routine in a full white attire. She further jotted down the caption, "Finally back to dance classes post cricket injuries, missed it."   View this post on Instagram   A post shared by Janhvi Kapoor (@janhvikapoor) On the work front, Janhvi Kapoor will be seen in Mr. & Mrs. Mahi with Rajkummar Rao, and Ulajh with Gushan Devaiah. She will make her Telugu industry debut with Jr. NTR starrer Devara. ALSO READ: Boney Kapoor celebrates his birthday with his kids in

Emraan Hashmi is known not just for his acting chops, super-hit songs and dashing looks but also for his serial kissing image. He’s considered to be the one who normalized kissing in movies. Salman Khan joked about this aspect while interacting with fans while promoting his latest release, Tiger 3, at a multiplex in Mumbai. Emraan Hashmi as well as Katrina Kaif were also present at the fun-filled event. Salman Khan pointed at the crowd and said, “Thanks to these people, kuch karna nahin pad raha hai screen par. Jaisa hoon, waisa hi chala jaata hoon. Inko acha lagta hai. Toh zyada hoshyari karne ki zaroorat nahin hai. Do as per your comic timing, do a little more action and do a little less romance so that the family audience will flock to the theatres. Katrina hai toh iss film mein romance toh banta hi hai!” The last sentence got a roaring response, as expected. Salman Khan then raised laughs as he remarked, “If Emraan was not playing Aatish (Rehman in Tiger 3), then I guarantee that

The Diwali release Tiger 3 had a superb opening, bringing cheer to the industry. The actors of the film – Salman Khan, Katrina Kaif and Emraan Hashmi – came out to promote the film on Friday, November 17. They interacted with fans at a screening of the film held at a multiplex in Mumbai. Salman Khan was in his element as he raised laughs with his statements. Salman began by saying, “Bahut acchi baat hai ki aap sab ko yeh film acchi lagi. It’s also heartening that you are all here and will watch the film (after this event). I was wondering ‘Itne saare log (hai yahaan). Fir theatres mein kaun hai?’. Who’s paying and going for the film then?” He then mentioned the ICC Cricket World Cup, “It’s amazing because even the World Cup is going on. India dhada dhad maare jaa raha tha. India has won every game. And this is when we arrived with Tiger 3. Hence, our collections are very good. Inshallah, India will win the finals and then, everyone will be in cinemas (to watch Tiger 3).” He added, “

Those looking for a sunny beach getaway or wine tasting adventure in California will want to take advantage of KSL Resorts special cyber deals. "Our Cyber Week deals are an exciting testament to our commitment, eagerly anticipated by ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/4QKen7r

India can become the biggest market for South Korean auto major Hyundai globally in the near future with demand for automobiles expected to remain strong, Hyundai Motor India Ltd (HMIL) MD and CEO Unsoo Kim said on Friday. ​​HMIL accounts for 18.6 per cent (in the January-September period) of the South Korean automaker's global volumes. It expects to breach the 20 per cent mark in the next 2-3 years. It is in the third position after the US and South Korean markets. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KQ5zDd8 >

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On November 18, Sony Entertainment Television’s popular singing reality show, Indian Idol Season 14 will host the starcast of Sam Bahadur - Vicky Kaushal, Fatima Shaikh, and Sanya Malhotra in its ‘Dil Bole India’ episode. Known for their work in the film industry, the trio will support the contestants who will entertain and create an environment of patriotism with their singing prowess, making it an interesting episode. Fondly named as ‘Chote Sahab’, Vaibhav Gupta from Kanpur will once again be winning hearts of the judges Kumar Sanu, Shreya Ghoshal, and Vishal Dadlani with his melodious track. Creating a ‘bhauchal’ yet again, Vaibhav will be seen singing his own rendition of the title track of the Aamir Khan film Rang De Basanti and it is being said that during the shoot, his performance left everyone on the sets impressed. And it also included the guest judge for the evening Vicky Kaushal. In fact, the actor is even said to have complimented Vaibhav for his skills, and was seen sayi

AstraZeneca Pharma will exit manufacturing at its only plant based in Bangalore, as part of a ``global strategic review’’. The company with revenues of over Rs 1000 crore, feels that it can derive more value for its shareholders by transferring core manufacturing to a contract manufacturer. As a part of AstraZeneca's ongoing strategic review of its global manufacturing and supply network, the company intends to exit the manufacturing site in Bangalore, in due course, it said in a stock exchange filing. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/limTJ1g >

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The 'Significant Beneficial Owners' (SBO) rules recently issued by the ministry of corporate affairs for Limited Liability Partnerships (LLPs) will bring more transparency to investment structures. The rules require LLPs to identify and report on ultimate owners, strengthening disclosure frameworks. Previously, this requirement only applied to companies under the Companies Act. LLPs gaining popularity as investment vehicles in India necessitated regulations to ensure transparency and curb illicit financing. The challenge lies in obtaining data from beneficial owners residing outside India. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dJHrIRx >

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Commerce and industry minister Piyush Goyal announced that Tesla will double its import of components from India and engage with the government to discuss plans for manufacturing and selling in the country. Goyal expressed his delight in seeing Indian professionals contributing to Tesla's journey and the growing importance of Indian auto component suppliers in Tesla's supply chain. The government has been engaged with Tesla for some time, and the company's interest in India has increased. Tesla's sourcing from India could rise from $1 billion last year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/04h1CdL >

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Commerce and Industry Minister Piyush Goyal has announced that Tesla will double its imports of components from India and is in discussions with the government to manufacture and sell in the country. Goyal expressed his delight at the growing presence of Indian professionals at Tesla and the increasing importance of auto component suppliers from India in the company's supply chain. The government has been engaged with Tesla for some time, but the company's interest in India seems to have increased recently. Goyal also met with investors in the US, promoting India as an investment destination. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Vm1whJj >

Coca-Cola India is experiencing faster growth in rural markets compared to urban regions, thanks to factors such as electrification coverage, higher incomes, and increased government spending. The adoption of UPI in these areas has also made it easier for consumers to make small payments. The company is focusing on expanding its presence in rural areas, while also tapping into urban markets to drive premiumization. Currently, Coca-Cola India reaches only about 41% of urban households and 32% of rural households, leaving ample room for growth. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4U1FAao >

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State-run ONGC will start pumping crude from its $5-billion project off the Andhra coast in the next fortnight, bringing on stream the delayed project that is pivotal for reversing the company’s declining fortunes as a result of maturing fields. Output from the KG-DWN 98/2, the second deep sea project in the east coast after RIL-BP’s KG-D6 acreage, will give a fillip to domestic oil production at a time when dependence on imports is rising on the back of expanding oil demand. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OJFj501 >

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Diwali, also known as the Festival of Lights, is a Hindu festival celebrated with great enthusiasm. The festivities began on Friday, November 10 with Dhanteras and celebrities have been sharing their family moments on social media. On the day of Laxmi Puja on Sunday, Kareena shared a series of family pictures. Taking to Instagram, Kareena posted a bunch of family photos with Saif Ali Khan where the parents struggled to click family members with their two sons Taimur and Jeh. While Taimur would pose for the photos, Jeh was seen running around the house. The actress wore a fuschia salwar suit for the occasion whereas the actor wore a white kurta and dhoti. Sharing the photos, Kareena captioned the post, “Year after year and still trying to get the perfect family picture… But nonetheless… Happy Diwali lovely people… from our heart to yours.”   View this post on Instagram   A post shared by Kareena Kapoor Khan (@kareenakapoorkhan) On the work front, Kareena Kapoor Khan recently had t

San Francisco-based startup Humane is set to release its gadget, the Ai Pin, which aims to liberate people from smartphone addiction by offering a new way of interacting with technology. The pin, controlled by voice, touch or laser display, can perform various tasks and relies on artificial intelligence (AI) to answer questions and summarise messages. Humane's founders, Imran Chaudhri and Bethany Bongiorno, both former Apple employees, believe AI can create an experience where computers take a back seat. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PLH805s >

The Sensex crossed the 65,000 mark during Sunday's Muhurat trading session, closing at 65,259 points, a 0.6% increase from Friday's close. This marked the start of Samvat year 2080. Nifty also saw a gain, closing at 19,526 points, up 0.5%. Muhurat trading is considered auspicious and is followed by the Gujarati trading community. The Sensex usually shows an uptick during this session as individual traders buy stocks while institutions are closed for Diwali. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iNGBfQs >

Foreign Portfolio Investors (FPIs) have continued to sell Indian equities, with over Rs 5,800 crore being dumped this month due to rising interest rates and geopolitical tensions in the Middle East. This trend started in September and has continued into November, although the intensity of selling has decreased. Experts believe that the selling trend may not continue as the US Federal Reserve has indicated a dovish stance. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wYKiqbo >

Bigg Boss 17 contestants Aishwarya Sharma annd Neil Bhatt had a major fight in the BB house earlier this week and it seems that during the recent Weekend Ka Vaar, Salman Khan addressed the issue. In fact, the superstar host condemned Sharma for disrespecting Neil and schooled her for her behaviour towards her partner. However, followed by these events, Aishwarya confronted Neil and accused him of showcasing a different side to the camera on the show. Salman Khan told Aishwarya Sharma to control her behaviour towards Neil Bhatt and warned her saying, “Kitna patience aap iska try karogi? Ek din ye phatega, aur aap pe phatega. (Don’t try his patience. He will burst and he will burst on you)”. Although Neil defended Aishwarya, Salman continued to address her attitude problem and even went on to advise her to seek professional help if needbe. “If this is your attitude then you should seriously seek help and if this doesn't help them there are professionals too to help you with anger ma

The star-studded Diwali bash of Kareena Kapoor Khan and Saif Ali Khan has been garnering a lot of attention. While it was attended by mostly their close friends and family members, the bash continued to be quite the celebrity event considering the Kapoor and Khan families came together. From Sharmila Tagore, Neetu Kapoor to Alia Bhatt, Soha Ali Khan, Ranbir Kapoor, Arjun Kapoor, to Sara Ali Khan and Ibrahim Ali Khan among others, several people were present at the bash. Soha Alia Khan took to social media to share a few inside pictures from the bash which included a frame-worthy picture with the entire Khan family. The photos featured their mother Sharmila Tagore, Kareena Kapoor Khan, Saif Ali Khan, Sara Ali Khan, Ibrahim Ali Khan, Saba Pataudi, Soha herself with her husband Kunal Kemmu, and she captioned them saying, “Here’s to love and light #happydiwali”. These pics were also reposted by Saba as she wrote, “Family Matters.... most. Love Blessed and happy moments.”   View this pos

China's Alibaba Group Holding and JD.com saw sales increases for Singles' Day, with both companies reporting higher gross merchandise value and order amounts compared to the previous year. The annual shopping event, which serves as a barometer for Chinese consumption sentiment, focused on a low-price strategy this year. China's postal delivery companies also experienced a significant increase in packages handled during this period. The earnings reports from Alibaba, JD.com, and Tencent next week will provide insights into the recovery of domestic consumption. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HcN7Gkh >

The Supreme Court of India has upheld the validity of provisions in the Insolvency & Bankruptcy Code that allow action to be taken against personal guarantors. This means that personal guarantors who have been taken to the National Company Law Tribunal for personal insolvency may face the loss of their wealth and assets, as well as various restrictions during bankruptcy proceedings. The decision is expected to lead to an increase in the number of cases filed against ousted promoters who have lost control of their companies due to loan defaults. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/46rVtRO >

Trade unions in Sweden are putting pressure on Tesla to sign a collective bargaining agreement, similar to what most employees have in the country. The metalworkers' union, IF Metall, has already staged a walkout at workshops where Tesla cars are serviced, and other trade unions have joined in solidarity. The unions are threatening to prevent the handling and painting of Tesla cars if an agreement is not reached. Former Swedish prime minister and head of IF Metall, Stefan Löfven, has also encouraged Swedes to suspend purchases of Teslas until an agreement is signed. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/exOvMKh >

Sales of air purifiers have surged in northern India and other regions due to severe air pollution caused by dust and pollution. Demand for air purifiers is at record levels as pollution levels have reached alarming levels even before Diwali. Brands such as Xiaomi, Philips, Kent, Dyson, and Daikin are all experiencing a strong demand for air purifiers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WJY4Tr1 >

InCred Holdings, the parent company of InCred Financial Services, has become a unicorn, valued at over $1 billion, after successfully raising Rs 500 crore from a group of investors that includes a global private equity fund, corporate treasuries, family offices, and ultra-high net worth individuals (UHNIs). Incred is the second startup to enter the Indian unicorn club in 2023 after quick commerce platform Zepto (August fund-raise). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lNtXhF2 >

The state government of Odisha showcased its tourism potential at the World Travel Market in London to attract overseas tourists. The government delegation held meetings with stakeholders and promoted the annual eco-retreat glamping festival. The state's tourism industry has seen a significant recovery in 2022, with an 875% growth in the inflow of foreign tourists compared to 2021. The top three countries generating the most international tourists for Odisha were the USA, Japan, and Germany. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/go08bMx >

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Country's leading retailer Reliance Retail has plans to take its Swadesh store, retailing traditional Indian art and craft, to the US and Europe. Reliance Retail on Wednesday opened its first standalone store of Swadesh at Hyderabad, which was inaugurated by Nita Ambani, founder and chairperson of Reliance Foundation. Spread over 20,000 square feet, Swadesh store would have over 400 products of handmade textiles, handicrafts, agricultural products that are listed with geographical indications. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rjKVfni >

Finance Minister Nirmala Sitharaman has urged consumers to always ask for a bill when making a purchase in order to minimize GST evasion. She also called on businesses to register for GST, emphasizing that a transparent tax regime benefits the country. The number of entities registered for GST has surpassed 1.4 crore, but Sitharaman stressed the need for businesses to issue bills to consumers. Several sellers have been encouraging cash payments to avoid paying GST, but Sitharaman emphasized the importance of transparency and contributing to the nation-building process. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Q1SLRf5 >

Investment management firm Lingotto has acquired an additional 16.5% stake in TVS Industrial and Logistics Parks, bringing its total stake to 21%. TVS ILP, a part of TVS Mobility Group, has entered into a strategic partnership with Lingotto, which is owned by Exor NV. British International Investor, a UK's DFI, has sold part of its stake to Lingotto. The transaction took place at an enterprise value of Rs 2,800 crore. Lingotto is an independent investment management company based in London. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/F0xXs9e >

The cost of home-cooked vegetarian and non-vegetarian thalis in India decreased by 5% and 7% respectively in October 2023. This was mainly due to a decline in the prices of potatoes and tomatoes. The cost of a non-veg thali decreased faster, primarily because of a decrease in the price of broiler. The decrease in thali prices was also influenced by a decline in fuel costs, particularly the price of cooking gas cylinders. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZBK9WdS >