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Conveyed commitment to protect privacy: WhatsApp
Hours after announcing the decision to go ahead with its controversial privacy policy update, WhatsApp on Friday said it has conveyed to the Indian government that it remains committed to protection of privacy of personal conversations across the country. -
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. -
Election effect: Sensex swings 1k pts as FPIs keep up selling
The Sensex experienced significant fluctuations, dropping almost 200 points before recovering and closing with a slight increase. Market sentiment is influenced by uncertainties related to polls and foreign fund selling activities. Foreign investors have sold stocks worth Rs 22,800 crore in May, while domestic investors have purchased stocks worth close to Rs 23,000 crore. -
'FPI selloff not due to poll jitters... other markets seem more attractive'
Foreign funds are selling Indian equities not because of election uncertainty but because they find other markets more compelling, and D-St valuations are providing them an exit opportunity, said HSBC India CEO Hitendra Dave. On Monday, Foreign Portfolio Investors were net sellers, selling shares worth Rs 4,499 crore in the capital markets. -
US, Japanese banks lead fossil fuel financing
The world's biggest banks financed fossil fuels to the tune of $705 billion in 2023, with US and Japanese lenders leading the way, an annual report by climate campaigners said Monday. Since the 2015 Paris climate agreement, the top 60 banks have provided a total of $6.9 trillion to the sector, according to the coalition's 15th annual report titled "Banking on Climate Chaos". -
N Chandrasekaran to chair Tata Electronics as Tata group focuses on semiconductor business with $14 billion investments
As Chandrasekaran already chairs several key Tata group companies, his appointment as chairman of Tata Electronics underscores the importance of the semiconductor business to the conglomerate. -
Mumbai Airport Resumes Operations After One Hour Suspension Due To Dust Storm
According to Mumbai International Airport Limited (MIAL), due to the inclement weather and dust storms in the city, Chhatrapati Shivaji Maharaj International Airport (CSMIA) temporarily suspended flight operations for around 66 min due to low visibility and gusty winds.
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Five States Including Karnataka Show Interest In Implementing Aadhaar-Based Authentication For GST Registration
Goods and Services Tax (GST) authorities have so far been using OTP-based Aadhaar authentication to establish the identity of the applicants, seeking registration. -
BMW 3 Series Gran Limousine M Sport Pro Edition Launched At Rs 62.60 Lakh; Check Details
The Gran Limousine M Sport Pro edition showcases a sportier design with blacked-out elements like the kidney grille and gloss-black rear diffuser. -
Tata Motors shares slip over 8%; market capitalization declines by Rs 29,016 crore
Tata Motors stock after plummeting 8.34% or Rs 87.25 settled at Rs 959.80 on the BSE. The steep decline in the automaker's share price wiped off Rs 29,016.23 crore from its market capitalization, bringing it down to Rs 3,19,012.47 crore. -
April CPI inflation eases to 4.83% vs 4.85% in March 2024
April 2024 CPI Inflation: The Consumer Price Index (CPI) inflation for the month of April eased to 4.83%. The rural inflation was reported at 5.43% and urban inflation came in at 4.11%. The CPI inflation for the month of March 2024 stood at 4.85%. -
Senior citizen FD rates: Banks offering up to 8.6% - check list here
Senior citizens can enjoy tailored FDs with higher interest rates at various banks, including DCB Bank, IDFC First Bank, Bandhan Bank, IndusInd Bank, YES Bank, and DBS Bank India. Rates apply up to Rs 2 crore. -
Mercedes-Maybach GLS 600 And AMG S 63 4MATIC E Performance To Launch On May 22: Details
The new Mercedes-Maybach GLS 600 is expected to be powered by a twin-turbocharged 4.0-litre V8 petrol engine coupled with a 48V starter-generator integrated into the nine-speed automatic gearbox.
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