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Are CEOs becoming more unethical?
While the share of CEOs booted out from office last year wasn't anywhere near the all time high in this century -- 5.1% in 2008 -- it's still the highest in the 10 year period between 2009-18. More importantly, of the total CEOs who were sacked, 2018 saw the highest number of these corner office occupants being shown the door for ethical, rather than financial reasons. -
Indian Air Force Conducts Airdrop Test For BHISHM Portable Hospital Cubes In Agra
This test was performed so that the portable hospital can be deployed to cater to emergencies anywhere.
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Airtel Recommends Dividend Of Rs 8/Equity Share; Q4 Net Profit Declines 31%
Airtel's board of directors have recommended a dividend of Rs 8 per equity share of Rs 5 face value. -
Bengaluru Traffic Police Implements Speed Limit Of 80Kmph On Airport Road
The Bengaluru traffic police have also installed speed trap cameras along the airport road to automatically identify and penalize drivers exceeding the legal speed limit.
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Amazon Pumps Rs 1,600 Crore Into Its Indian Entity As E-commerce Battle Intensifies
The investment comes as India’s e-commerce growth is expected to reach $200-230 billion by 2030, a steady 20-22 per cent rise. -
Indian Smartphone Market Up 11 Pc To 34 Mn Units, Apple Logs Record Q1 Shipments
For Apple, price discounts, special deals on e-tailer platforms and attractive financing options led to its consistent growth in India beyond the festive season. -
EPFO extends auto claim settlement to cover these conditions as well - check details
EPFO announced an auto claim settlement system for education, marriage, and housing, benefiting over 60 million subscribers. The system covers all claims under para 68K and 68B of the EPF Scheme, 1952, with an increased limit for illness-related claims. The claims will be processed automatically by the IT system, as per an ET report. EPFO expects about 22. -
Markets Climb As Retail Inflation Eases In April
The 30-share BSE Sensex climbed 328.48 points, or 0.45 per cent, to settle at 73,104.61. During the day, it rallied 510.13 points, or 0.70 per cent, to 73,286.26. -
EPFO Introduces Auto Claim Settlement For Education, Marriage, Housing
EPFO has introduced an Auto Claim Solution where in claim is processed automatically by IT system without any human intervention. -
Qantas to increase winter flights to India
Qantas increases flights from Bengaluru to Sydney, adds Delhi to Melbourne route. Introduces fast Wi-Fi, extra flights for summer travel. Enhances options for South and Central India travelers. -
Sri Lanka cabinet approves new economic law to meet IMF targets
As of Tuesday, the Sri Lankan cabinet has given its approval to a new economic law that aligns with the key objectives outlined by the International Monetary Fund (IMF), according to the cabinet spokesperson. In 2022, Sri Lanka experienced its most severe financial crisis in over seven decades, marked by a significant depletion of foreign exchange reserves. -
Qantas to operate daily flights between Bengaluru and Sydney from December to March next year
Qantas, Australia's national carrier, revealed on Tuesday its plans to expand flights from Bengaluru to Sydney in response to robust demand during the peak holiday season. From mid-December 2024 to late March 2025, the airline will ramp up flights from five a week to daily, thereby adding over 12,000 seats between the two cities over the four-month period, according to a statement from Qantas. -
Coinbase investigating system outage as crypto prices slide
Crypto prices have declined following an outage, with Bitcoin falling 1.8% to $61,975 and Ether dropping 1.4% to $2,913 as recorded at 3:11 pm in Singapore on Tuesday. The outage at Coinbase disrupted trading through its website and mobile app. Such outages are not uncommon in the digital asset realm, often occurring when blockchain network traffic surges or other technical issues emerge, highlighting the vulnerability of exchanges in the cryptocurrency market. -
Foreign portfolio investors sell shares worth over Rs 22,000 crore in May! What should your strategy be?
Foreign portfolio investors (FPIs) selling Indian stocks worth Rs 22,000 crore in May have led to a significant impact on companies with high foreign ownership. Over 100 stocks, with FPI stakes of more than 5%, have seen declines of 10% to 30% in the last month. -
Zomato Stock Slumps After ESOP Announcement
Zomato announcing the fourth quarter of the financial year 2024 said that in the current financial year (FY25), the costs may increase due to the grant of ESOPs to senior employees and the leadership team of Blinkit. -
Jindal Steel and Power Q4 PAT doubles to Rs 933 crore
Jindal Steel and Power Ltd (JSP) announced on Monday a significant increase in consolidated profit after tax (PAT), which surged twofold to Rs 933 crore in the March quarter. This improvement was attributed to the company's effective cost reduction measures. JSP had reported a PAT of Rs 466 crore during the fourth quarter of the previous fiscal year. -
IndiGo, India’s largest airline, looks to purchase 100 smaller planes to expand regional network
IndiGo, the largest airline in India, is in discussions with ATR, Embraer, and Airbus to acquire 100 smaller aircraft for expanding regional routes. This move to strengthen its domestic network follows IndiGo's recent decision to enter the international long-haul market. -
TVS Motor Launches New Variants Of iQube Electric Scooter: Details
The new vaiant of TVS iQube comes equipped with a 2.2 kWh battery and is priced at Rs 94,999 (ex-showroom, Bengaluru).
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Haldiram Snacks gets bid from world’s largest PE fund Blackstone-led consortium; valuing business at $8.5 billion
Blackstone and its partners are eager to acquire 74-76% of Haldiram Snacks Food Pvt Ltd, valuing the business at $8-8.5 billion (Rs 66,400-70,500 crore). -
Walmart to lay off hundreds of corporate staff and relocate others: Reports
Walmart, the American multinational retail corporation, is said to be reducing hundreds of corporate positions and urging many remote employees to move to office locations. As per a Wall Street Journal report on Monday, the retail giant has also asked employees at its smaller offices to relocate to other central hubs. -
Taxpayers Can Now Check If Their Feedback On Financial Transactions Is Acted Upon Or Not: Income Tax Dept Launches New Functionality In AIS
Income Tax Department has taken a new initiative towards ease of compliance and enhanced taxpayer services. -
Kia Unveils Updated EV6 Electric Vehicle; Check What's New
The interior of the face-lifted EV6 features a larger panoramic curved display and ambient lighting with dynamic graphics.
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Chinese builder Agile defaults for first time on dollar bonds
Agile Group Holdings Ltd, a property developer based in Guangdong, China, has defaulted on its publicly issued dollar-denominated bonds for the first time. The company, which specializes in constructing villa apartments and high-rise residential buildings, failed to pay interest within the grace period that ended on May 13 for its 2025 dollar bonds, as stated in a filing. To address the situation, Agile Group plans to engage external financial and legal advisers to help assess its capital struct -
4.8%: Retail inflation hits 11-month low
Retail inflation decreased to its lowest level in 11 months in April, driven by deflation in the fuel and light segment and reduced pressures on various other segments. However, food and beverages inflation remained high, hindering the possibility of interest rate reductions. Rural inflation stood higher at 5.4%, while urban inflation was at 4.1%. -
Anti-fake review norms to be mandatory for e-commerce companies
The government is planning to enforce mandatory anti-fake review norms for e-commerce companies in order to safeguard consumer interests. Consumer affairs department intends to implement QCO for online consumer reviews following unsuccessful voluntary attempt to control fake reviews. The department issued quality standards for online retailers one year ago, which banned publication of paid reviews and required disclosure of promotional content. -
Zomato to give up RBI licence for e-payments
Zomato announced on Monday that its subsidiary has chosen to voluntarily give up the authorization certificate it received from RBI to function as an online payment aggregator. "We do not see ourselves having a significant competitive advantage against the incumbents...," Zomato said. It also announced a net profit of 175 crore rupees on a consolidated basis in the March quarter. -
SoftBank's new vision: Aggressive AI bets
SoftBank Group, based in Tokyo, announces intention to be more assertive in AI and chip venture following profitable second quarter. Net income exceeds expectations with help from investment gains and increase in Arm's stock. CFO Yoshimitsu Goto says the company's net asset value reaches record $178 billion. Founder Masayoshi Son seeks $100 billion for chip venture to rival Nvidia. -
US fund Warburg to buy Shriram Housing Finance
US private equity major Warburg Pincus is set to purchase Shriram Housing Finance for Rs 4,630 crore, marking the largest acquisition of a home loan company by a private equity fund in India. This deal represents the largest investment by Warburg in the country so far. -
I-T dept unveils new step to aid taxpayers
The income tax department introduces a new functionality in the Annual Information Statement (AIS) allowing taxpayers to view and confirm financial data affecting taxes. Taxpayers can provide feedback on displayed transactions to ensure accuracy. CBDT states that the system is operational for data from tax deductors, collectors, and reporting entities. -
Cocoa prices plunge most in over 60 yrs
Cocoa futures in New York and London saw significant price drops due to predictions of wetter weather for major producers, leading to increased volatility in the market. The improved rainfall outlook is benefiting cocoa crops in key producing countries like Ghana, Indonesia, and Ivory Coast.
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