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Showing posts from April, 2024

India emerges as world’s services factory: Report

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Increasing global uncertainties may impact demand, India's exports: FIEO

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The escalating geopolitical tension may have implications for the country's exports in the first quarter of 2024-25 as it is likely to impact global demand, apex exporters body Fieo said. The global uncertainties caused by the continuing war between Russia and Ukraine have impacted India’s outbound shipments in 2023-24, which recorded a decline of 3.1% to $437 billion. Imports too dipped by over 8% to $677.2 billion. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5BpsbVZ >

Wipro CEO Pallia to get $4.5 million to $7 million in annual salary

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Srini Pallia, Wipro's newly-appointed CEO, is set to receive an annual compensation package ranging from $4.5 million to $7 million, as disclosed in the shareholders' notice posted on the BSE on Monday. Pallia, a 32-year veteran of the company, assumed the role of CEO and MD on April 7 for a five-year term. He succeeds Thierry Delaporte, who departed before his tenure was scheduled to conclude in 2025. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LOz3pTr >

Beyond Rs 76k-crore: Government to scale up semiconductor package

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Days after putting off trip to India, Musk visits China, meets Premier Li

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On a surprise visit to Beijing amid speculation that he may unveil Tesla's autonomous driving technology in the burgeoning electric vehicle (EV) market in China, billionaire Elon Musk on Sunday met Chinese Premier Li Qiang and discussed future expansion plans for his automobile. Li told Musk that China's huge market will always be open to foreign-funded enterprises. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/90bvezU >

No Service Tax liability for BookMyShow on transactions with credit card companies

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Trials for short distance Vande Metro trains to begin in July, for Vande Bharat sleeper in May

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Indian Railways is gearing up to commence trial runs of short-distance Vande Metro trains in July, alongside the launch of the sleeper version of Vande Bharat next month. The Vande Metro trains are slated to operate on routes spanning 100-250 kilometers, while the Vande Bharat Sleeper trains will be designated for routes exceeding 1,000 kilometers. Officials indicate that the Vande Metro trains will establish connections across approximately 124 cities. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kq5K23C >

ICICI Bank Q4 net profit jumps 17.4% to 10,708 crore, asset quality improves

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ICICI Bank, the second-largest private lender, has reported a net profit of Rs 10,708 crore for the quarter ended March 2024, marking an increase of 17.4%, surpassing analyst forecasts. The bank’s board has recommended a dividend of Rs 10 per share. At the end of the quarter, the bank’s deposits stood at Rs 14,12,825 crore, up by 19.6% from March 2023. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hWlgeEp >

Mandatory service charge 'unfair', Mum eatery told to refund amount

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India’s first: Japanese Sharp looks to set up display fab unit

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India is headed to bag investments for the country’s first display fab semiconductor unit – used for making televisions and other digital screens – with Japanese Sharp approaching the Central govt for setting up a 1,000-acres facility that will be used to cater not just to the domestic demand but also exports. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6P1ujdL >

Relief for lessors: Delhi high court directs DGCA to de-register 54 GoAir planes

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The lessors of 54 aircraft to grounded-since-last May GoAir finally got relief on several counts from the Delhi high court on Friday which directed the Directorate General of Civil Aviation (DGCA) to de-register these planes within a maximum of five working days. The revival of GoAir under IBC is now an even tougher task as the lessors are learnt to be wooed by both Tata’s Air India and cash-rich IndiGo to get around 15 of the Airbus A320 family planes which could fairly quickly be made airworthy. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9ngoHkv >

Axis pips Kotak Bank as 3rd most valued private bank

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Axis Bank overtook Kotak Mahindra Bank on Thursday to become India's third most valued private lender after a rout in the latter's stock. Kotak Bank's stock opened deep in the red on Thursday a day after RBI restricted the lender from onboarding customers digitally and issuing credit cards, citing repeated failures to fix "serious deficiencies" in its IT system. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UXLv1cu >

Stepping Back in Time at Four Seasons Florence: A Luxurious Escape

The Four Seasons Hotel in Florence is a rare gem, a harmonious blend of luxury, history, and impeccable service. Nestled within a Rena ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/MtIV6Wh

Vi got a new lease of life, says Birla

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Aditya Birla Group chairman Kumar Mangalam Birla said the Rs 18,000-crore fund-raise has given Vodafone Idea a "fresh lease of life", and set the stage for a "smart turnaround". "Vi is not just a telecom company, it's a national asset with 215 million users and about 8,000 MHz spectrum," said Birla. Investors in Vodafone Idea made a 26% return within a week as the shares of the telecom services company, which were offered at Rs 11 apiece in an FPO, closed at Rs 13.9 on the BSE. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1T6iEDa >

13 Hotels with Exclusive Helicopter/Plane Experiences

To fully appreciate the beauty of a certain locale, sometimes it is best to view from above. Soaring high above in a helicopter or plane, the few who are not afraid of heights, are afforded stunning topographical views of the land below, which put ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/K3aC9qi

AI inside most apps you use

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Infosys narrows revenue gap with Cognizant

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Tanker, insurance rates unmoved by Israel-Iran conflict

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How India's digital public infrastructure can push inclusive global growth

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RBI: Heatwaves, geopolitical tensions may stoke inflation

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According to Tuesday's state of the economy report by the RBI, extreme weather events and persistent geopolitical tensions may contribute to inflation risks, while also potentially causing fluctuations in crude oil prices. The report highlighted a positive trend in real GDP growth, supported by robust investment demand and optimistic sentiments among businesses and consumers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SWjafus >

TikTok has submitted risk assessment report on TikTok Lite to EU

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RIL's Q4 profit flat at Rs 21k crore, revenue rises 11% to Rs 2.4 lakh crore

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Reliance Industries reported a nearly unchanged quarterly profit, while its revenue increased by 11% to Rs 2.4 lakh crore. This growth was driven by the robust performance of its oil & gas and oil-to-chemical (O2C) segments, as well as the rapid expansion of its retail and digital services (Jio) divisions. The company recorded a profit of Rs 21,243 crore in the fourth quarter of FY24. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CWIQF9K >

Hotel San Luis Obispo Offers a Perfect Escape to Californiaâs Central Coast

San Luis Obispo is a great half-way point between Napa and Los Angeles. The modern ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/EDik73v

Grand Velas Riviera Maya Spectacular SE Spa Experience

While most spas around the world have you enter a locker room, put on a robe and then guide you to a dark four wall room with one door, SE S ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/v93zEOh

TCS links variable pay to work from office

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'Post-Covid, 25% rise in Indians taking over 3 trips per year'

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Indians are embracing travel and spending with unprecedented enthusiasm. Post-Covid, there's a 25% surge in those taking over three trips annually. Advance international bookings are back, replacing spontaneous travels of 2020-2021. These insights stem from MakeMyTrip's "India Travel Trends Report," drawing from the travel habits of over 100 million active users. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jdGMwoR >

Six of top 10 valued firms take Rs 1.40 lakh cr hit in mcap; TCS, Infosys biggest laggards

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Top firms like TCS, Infosys suffered valuation erosion. BSE index down 1.55%. Reliance, HDFC, Bharti Airtel, LIC gained. Infosys disappointed with revenue guidance. Market closed for Ram Navami. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XGi5tQ1 >

HDFC Bank net profit rises 37 per cent to 16,511 crore

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Our policies aim to attract manufacturers to India: FM Nirmala Sitharaman

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On Saturday, Union finance minister Nirmala Sitharaman emphasized that the government has crafted policies aimed at positioning India as an appealing hub for both manufacturing and services. She highlighted the objective of not only catering to the domestic market but also bolstering exports. Sitharaman's remarks came in response to a question regarding the postponement of a meeting between Prime Minister Narendra Modi and American tech mogul Elon Musk. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3aIE9rq >

EPFO added 7.8 lakh new members in February, 56% of them aged 18-25 years

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In February, the Employees Provident Fund Organisation (EPFO), responsible for retirement funds, saw an increase of 1.55 million net members, with nearly 780,000 being new additions, according to recently released data. An important observation from the data is the prominence of the 18-25 age bracket, comprising a substantial 56.4% of the total new members in February. This suggests that the bulk of those entering the organized workforce are young individuals, mostly first-time job seekers, as stated in an official announcement. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ay7RNTd >

Iran-Israel conflict unlikely to hit oil supply

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West Asia oil shipments remain stable amidst Israel-Iran tensions. Speculators influence Benchmark Brent prices. Opec's Hai Tham al-Ghais engages with India on oil imports. Potential disruption if Hormuz Strait blocked."} from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qI48i9G >

Hardeep Singh Puri discusses global oil markets with OPEC secretary general

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Infosys returns 1.1 lakh crore to shareholders in 5 fiscal years

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Infosys returned Rs 1.1 lakh crore to shareholders in 5 years, equals $12.8B. Unchanged 85% distribution policy. 15 payouts made, Rs 80,000 crore through dividends. Investor receipt by FY24: Rs 377.5/share. Rs 26,800 crore returned via buybacks. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3FsY8yD >

Vodafone Idea eyes fresh bailout to convert dues into equity

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Vodafone Idea seeks govt aid for Rs 2.3 lakh crore dues, requesting payout conversion for efficient operations and investor confidence. CEO Moondra highlights the need for govt support to ensure sustainability and healthy competition, with equity installment conversion option available. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/om8n120 >

Rupee hits new low of 83.54 per dollar as global tensions mount

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Rupee closed at 83.54 against the dollar, Asian currencies weakened. Dollar index rose. Geopolitical tensions impact currency markets. Analysts predict RBI rate cuts delayed due to rupee fall. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8iF043r >

Tomorrow Capital invests in kidney start-up VitusCare

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Musk's satellite business Starlink gets in-principle government nod

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Now, private banks must seek CEIB clearance for high-value loans

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FY25 will be better than FY24: TCS CEO

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West Asia conflict may cast shadow on India, global economy

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The recent escalation in tensions, particularly following Iran’s drone offensive, is causing concern among finance ministers and central bank chiefs. The primary impact is expected on oil prices, which surged to $92.2 a barrel, posing risks to global economic stability. In India, while pump prices may not immediately rise due to elections, increased oil prices could strain government subsidies and impact inflation and deficits. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NdREKLj >

New versus Old regime: Does opting for the old income tax regime for TDS on salary make ITR processing, refunds easier?

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Salaried individuals must carefully choose between old and new tax regimes for TDS on salary. Providing proofs for deductions is crucial, and genuine deductions are necessary for smooth ITR processing. Consistency between Form 16 and ITR is advised for seamless filing. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Eg0pMjd >

'Bournvita confidence' jolted? No 'health drink' label on ecommerce sites

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Government advises ecommerce platforms to remove Bournvita from health drinks category due to health concerns following a probe by the National Commission for Protection of Child Rights, impacting Mondelez brands like 5-Star, Cadbury, and Oreo. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EMhu3v4 >

IMF greenlights further $360 million in Ghana aid

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The International Monetary Fund on Saturday said it had validated a fresh tranche of aid of $360 million for Ghana as the country seeks to exit an economic crisis. The country has, along with other African states, also been hard hit by economic fallout from the coronavirus pandemic as well as the Russia-Ukraine war. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EwI0uDl >

Sensex falls 793 points as FPIs weigh Mauritius tax issue

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Investor sentiment was impacted by tax treaty changes between India and Mauritius, leading to a 1.1% drop in Sensex. Nifty closed at 22,519. Various factors like US inflation, West Asia tensions, and FPI outflows contributed to market volatility. Foreign portfolio investors were net sellers at Rs 8,027 crore, which translates to nearly $1 billion from the stock market. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iZeQTuP >

Gold surges as Middle East tensions spur safe-haven rush

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Four Seasons Hotel Houston Offers An Idyllic Getaway

Houston might not be top of mind when planning a relaxing getaway. But after three nights at  ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/jMP1yhK

Standalone health insurance business grows 2x industry's pace

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Standalone health insurance companies outpaced general insurance growth in FY24, with an annual premium of nearly Rs 2.9 lakh crore. They offered high-value policies and expanded coverage, while new players entered the health insurance market. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/f1DPkxQ >

Worst is behind us, we have stabilised operations: Vistara CEO

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Vistara CEO Vinod Kannan stabilised operations after disruptions due to inhumane rostering. The airline faces challenges like ATC delays, bird hits, maintenance issues, and integration heartburn. Despite setbacks, Vistara aims to maintain brand reputation and customer satisfaction. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4TkIVgi >

French carmaker Citroën begins export of electric vehicle made in India

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Small-cap mutual funds see outflows for first time in over 2 years

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Small-cap schemes recorded a net outflow of Rs 97 crore in March, data released by industry body Amfi showed. Markets regulator Sebi's warning that there could be some 'froth' building in small and medium-cap stocks seems to have prompted investors to shift part of their money to other equity-oriented ones. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HhxJ8vk >

US inflation picks up, raises rate concerns

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Aucklandâs Elegant Cordis Hotel Offers Panoramic City Views

From our room on the 15th floor of the Cordis hotel, my companion and I couldn’t have asked for a better skyline view over d ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/2JyDZea

Hungry for returns, investors SIP on stocks

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Retail investors surged on Dalal Street, with 15 crore demat accounts. Mutual fund folios reached 11 crore, while equity assets grew. SIPs rose to Rs 19,000 crore amidst foreign fund selloffs, supported by financialisation of savings and digitisation. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/csfmDWS >

Hyundai, Kia rope in Exide for EV battery

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Hyundai and Kia collaborate with Exide Energy to localize EV batteries in India, focusing on lithium-iron-phosphate cells. The strategic move aims to pioneer domestic battery use in upcoming Indian EV models for market expansion. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cYDwkMG >

Tata co launches India’s 1st privately-built sub-metre resolution surveillance satellite

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TASL & Satellogic launched TSAT-1A, India's first private sub-metre res earth observation satellite. It offers high-res images to Indian armed forces, surpassing Isro's resolution. The satellite, in an inclined orbit, received support from Indian authorities for permissions. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4Cq06JK >

Did Elon Musk just confirm Tesla’s entry into India’s electric vehicle market?

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Elon Musk has said, “The natural progression is to provide Tesla electric vehicles in India.” Musk’s statement is being seen as a big sign of interest in Indian markets. Reports suggest that Tesla hopes to establish a state-of-the-art manufacturing plant in India with investments of $2-3 billion. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Q1gMUYq >