CATEGORIES

WB ASKS PAK GOVT TO MAKE TAX REFORMS, ELIMINATE DUTIES AND SALES TAX

According to the report, the World Bank asked the Pakistani government to create a national policy for child development and called for reducing subsidies on energy.

Netflix gains 9.33M users with originals, password sharing measures

Netflix Inc. experienced its strongest beginning to a year since 2020, surpassing expectations by attracting a higher number of new subscribers.

Infosys Acquires German firm in-tech in 450M Euro All-Cash deal

IT major Infosys announced its acquisition of in-tech, a prominent engineering R&D services provider specialising in the German automotive industry, on Thursday in an exchange filing. This 450 million euro acquisition will help the IT company expand its footprint in Europe.

NBCC eyes $100 million savings with in-house funding arm

NBCC, a prominent construction and real estate developer, is planning to establish its own non-banking finance company (NBFC) later this year, aiming to reduce borrowing costs for key infrastructure projects. According to sources closely involved in the matter, this strategic move is estimated to save NBCC approximately $108 million in interest costs over the next two years.

RBI appoints Ajith Kumar as Dhanlaxmi Bank MD & CEO despite stock decline

The Reserve Bank of India (RBI) has given its approval for the appointment of Ajith Kumar KK as the managing director and chief executive officer (CEO) of Dhanlaxmi Bank.

RAILWAYS OPERATES RECORD NUMBER OF ADDT'L TRAINS TO MEET SUMMER DEMAND

Indian Railways gears up for a record-breaking summer with plans to operate 9,111 trips, a substantial increase from last year’s 6,369 trips.

India's poll season slows down M&As deals in consumer industry

India has fulfilled its commitment to deliver BrahMos supersonic cruise missiles to the Philippines as part of a USD 375 million deal signed in 2022.

OpenAI Establishes India Presence with Government Relations Head

OpenAI, backed by Microsoft Corp., has appointed Pragya Misra as its first employee in India, naming her as the head of government relations.

Philippines receives first BrahMos missiles in $375 million deal with India

India has fulfilled its commitment to deliver BrahMos supersonic cruise missiles to the Philippines as part of a USD 375 million deal signed in 2022.

Experts flag upward bias in crude prices, impact of energy prices on credit conditions

With escalation of tensions in West Asia following attack by Iran on Israel, experts see an upward bias in crude prices in the near term despite the decline in crude price in the last one week. Any worsening of the situation between Israel and Iran may lead to spike in crude prices, according to Hardik Shah, Director, CareEdge Ratings. “Crude prices were on an increasing trend since the start of calendar year 2024,” says Shah.

PRICE STABILITY IS OUR MANDATED GOAL, SETS STRONG FOUNDATIONS FOR HIGH GROWTH: DAS

The MPC underlined the strong momentum in the domestic economy, the GDP expansion at 7.6 per cent in 2023-24 on the back of buoyant domestic demand, strong investment activity and a lower drag from net external demand.

Action Against Unidentified Person For Creating Aamir Khan Deepfake Video

The Mumbai Police have registered an FIR against an unidentified person in connection with a deepfake video of Bollywood superstar Aamir Khan in which he is purportedly seen promoting a political party, an official said.

Apple Reportedly Mulling Display Size Shifts For Plus And Pro, 2025 iPhones

In a bid to revamp its iPhone lineup, Apple is reportedly planning significant changes to the screen sizes of its Plus and Pro models by 2025.

Climate Change Forecasted To Result In $38 Trillion Annual Economic Losses Globally By 2049

Notably, climate damages have been on an upward trajectory, with annual losses averaging 500 billion, equivalent to 2% of the United States’ GDP, since 2016.

Google Shifts Roles Abroad, Including India, In Layoff Move

A spokesperson for Alphabet-owned Google confirmed that the company is implementing layoffs, although the exact number of affected employees was not disclosed.

MG Motor partners with Epsilon for EV charging and battery recycling

On Thursday, MG Motor India announced its partnership with the Epsilon Group for EV charging solutions and battery recycling.

VIKRAM'S 62ND MOVIE IS TITLED 'VEERA DHEERA SOORAN'

Superstar Vikram has announced that his 62nd feature film project has been titled \"Veera Dheera Sooran\".

Security tightened in Naxalaffected Gadchiroli ahead of 1st phase of Lok Sabha polls

Fifteen thousand security personnel will be deployed in the naxal-affected Gadchiroli district for the first phase of polling tomorrow, a senior official said on Thursday.

Lok Sabha polls: BJP fields Narayan Rane from Ratnagiri-Sindhudurg constituency

Bharatiya Janata Party on Thursday announced that Union Minister Narayan Rane will contest the Lok Sabha polls from the Ratnagiri-Sindhudurg constituency in Maharashtra.

POLL CAMPAIGN ENDS IN 5 LS SEATS IN MAHARASHTRA; 95 LAKH PEOPLE ELIGIBLE TO VOTE TODAY

More than 95 lakh voters are eligible to exercise their franchise on Friday in the first phase of Lok Sabha polls in Maharashtra covering five constituencies, including some Naxal-hit areas, where campaigning ended on Wednesday evening.

Qatar surpasses Singapore's Changi, secures title of world's best airport

Hamad International Airport (HIA) in Doha, Qatar, soared to the pinnacle of aviation excellence, clinching the prestigious title of the world's best airport at the esteemed Skytrax Awards.

Toshiba to cut 5k jobs in Japan in latest bid to restructure, says report

Toshiba Corp., according to a report from Nikkei, is embarking on a significant restructuring endeavor, aiming to slash approximately 5,000 jobs, representing about 10% of its workforce in Japan.

Nissan India recalls Magnite for front door handle sensor fix

Nissan Motor India announced its voluntary recall of Magnite units manufactured between November 2020 and December 2023 to retrofit front door handle sensors.

Micron to receive over $6 bn in chips grants next week

Micron Technology Inc., the leading US manufacturer of computer memory chips, is positioned to receive $6.1 billion in grants from the Commerce Department to support domestic factory projects, as part of an initiative to reestablish semiconductor production in the United States.

NESTLE INDIA CUTS ADDED SUGARS IN BABY CEREAL RANGE FOLLOWING MEDIA REPORT

The company’s India unit has said that in the last five years it has reduced added sugars by up to 30 per cent in its infant cereal range

IIT Bombay and citadel securities partner for financial market research lab

IIT Bombay and Citadel Securities, a prominent global market maker facilitating institutional and retail investors with trading liquidity, revealed their collaboration to establish the IITB-Citadel Securities Quantitative Research Lab, as outlined in a press release.

New Govt set to initiate agricultural sector reforms in pesticides and seeds

With the farm Acts no longer under consideration, the government might focus on reforming the input aspect of the agriculture sector, which includes regulations and rules governing seeds, fertilizers, and plant chemicals.

FSSAI INVESTIGATING NESTLE OVER SUGAR IN BABY FOODS: GOVT SOURCES

The Centre has taken cognizance of the charges made against Nestle of adding sugar to infant food products in India

Indian cotton yarn spinners to see margin improvement after low profitability

After a challenging year marked by low profitability, the cotton yarn spinning industry is poised for improvement this financial year, according to a report by Crisil Ratings.

Dubai flight disruptions to impact over 10,000 Indian passengers until Sunday

Travellers between India and Dubai are facing significant disruptions at Dubai International Airport (DXB) due to unprecedented rainfall, with multiple flights cancelled and travellers stranded in the water-logged city.