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Mandatory gold hallmarking to come into force from June 16 in phased manner
In November 2019, the government had announced that hallmarking of gold jewellery and artefacts would be made mandatory across the country from January 15, 2021. But the deadline was extended for four months till June 1 and later till June 15 after the jewellers sought more time in view of the pandemic. -
Stock market today: BSE Sensex surges over 300 points to move above 73,000; Nifty50 above 22,250
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green for this first time this week on Thursday. BSE Sensex surged over 300 points and Nifty50 was above 22,250.Technical analysis by Nagaraj Shetti of HDFC Securities suggests that while the short-term trend remains weak, the market may experience an upward bounce from the current levels. -
Adani Family Further Infuses Rs 8,339 Crore In Ambuja Cements, Increases Stake To 70.3%
This follows the investment of Rs 5,000 crore on October 18, 2022, and Rs 6,661 crore on March 28 this year by the promoter of the company, thereby infusing a total amount of Rs 20,000 crore in Ambuja Cements post-acquisition. -
IMF Backs Modi Government's Economic Policies; Expects India To Rev Up Global Growth As China Falters
The IMF’s World Economic Outlook report, released on Tuesday, has not only raised India's growth forecast by 0.3 percentage points to 6.8 per cent for 2024-25 but also sees the country as a bright spot "supporting global growth over the medium term and spill over to other countries". -
What Elon Musk’s pay package vote means for his $174 billion fortune
Tesla's board and Elon Musk are betting that shareholders will once again approve his ambitious compensation package from 2018, despite the electric vehicle market's evolution and the package's recent invalidation by a Delaware court. The board is relying on Musk's popularity and his role in Tesla's stock surge of approximately 700% over the past six years to persuade investors that he deserves the substantial compensation. -
S&P 500 suffers its longest slide since January
The S&P 500 experienced a decline, reaching approximately 5,020 points. Meanwhile, the Nasdaq 100 saw a decrease of more than 1%. This occurred just one day after Jerome Powell's comments dampened expectations of interest rate cuts. However, investors seeking bargains emerged in the Treasury market, causing two-year yields to fall further below 5%. Additionally, an auction of 20-year bonds, totaling $13 billion, attracted considerable interest. -
Global IT spending may rise 8% this year to 5 trillion dollar
Global IT spending to hit $5 trillion in 2024 with consulting demand surpassing internal staffing. GenAI, AI servers, semiconductors, and large-scale projects driving the industry, reflecting a significant shift in IT investments and market trends. -
Tesla asks investors to OK Musk's 56 billion dollar pay again
Tesla re-votes on $56B Musk compensation voided by Delaware court. Denholm criticises. Lawsuit over CEO pay. Musk's 13% ownership. Global headcount cut. Bloomberg reports. -
No big bang reforms in BJP manifesto: Citibank
Citibank disappointed with lack of 'big bang' reforms in BJP manifesto but hopeful. Economist report highlights missing structural reforms, privatisation, and continuity focus. Manifesto lacks 'Make in India' explicit mention. -
Paytm gets NPCI nod to shift users to other banks
NPCI-approved One97 Communications transitions users to partner PSP banks for seamless UPI payments, leveraging robust infrastructure for users and merchants. Stock price closes at Rs 391. -
NHAI to raise Rs 45,ooo crore from monetisation of 33 projects
NHAI aims to raise Rs 45,000 crore by monetising 33 projects spanning 2,742 km. Methods include TOT and InvIT, with lucrative opportunities for investors. Govt targets Rs 1.6 lakh crore monetisation by 2025. -
Vodafone Idea raises Rs 5,400 crore through anchor allotment
Vodafone Idea's FPO raised Rs 5,400 crore from 74 global funds, with investments from GQG Partners and other major firms. The offering included domestic mutual funds like HDFC MF and Motilal Oswal MF. -
'Green' Apple: Company to invest in solar projects in India
Apple invests in India production while focusing on green initiatives like rooftop solar projects. They advance water security, restore ecosystems, and provide clean drinking water through water kiosks in collaboration with local entrepreneurs. -
'Eventful' year weighs on IPL advertisement spends
The Mumbai Indians vs. Chennai Super Kings match drew 71.5 crore views. Anita Nayyar and Sandeep Goyal comment on the impact of the T20 World Cup on IPL ad rates and reduced ad spending. Sajal Gupta discusses the influence of VC funding on IPL advertising. -
Adanis infuse Rs 8ooo crore in Ambuja, stake hits 70%
Adani family invests Rs 8,339 crore in Ambuja Cements, increasing stake to 70.3%. Harmonia Trade converts warrants, fortifying financials. Ambuja plans capacity expansion. Recent acquisitions include a grinding unit in Tamil Nadu. Stake increase follows the largest capital market transaction in 2022. -
Adanis infuse Rs 8,000 crore in Ambuja, stake hits 70%
Adani family invests Rs 8,339 crore in Ambuja Cements, increasing stake to 70.3%. Harmonia Trade converts warrants, fortifying financials. Ambuja plans capacity expansion. Recent acquisitions include a grinding unit in Tamil Nadu. Stake increase follows the largest capital market transaction in 2022. -
Vodafone Idea eyes fresh bailout to convert dues into equity
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. -
17% of world's elderly population will be in India by 2050: CBRE
India is poised to host approximately 17 percent of the global elderly population by the year 2050. This projection is outlined in the report titled 'Golden Opportunities from the Silver Economy - Analyzing the Future of Senior Care in India,' published by real estate firm CBRE South Asia Pvt Ltd. -
Sany India launches fully electric dump truck
Sany India unveils the domestically manufactured SKT105E electric dump truck, emphasizing eco-friendliness and performance optimization with cutting-edge technology. The vehicle targets zero emissions, contributing to sustainable development goals. -
Dubai rains: Emirates suspends check-ins for departures today; all airlines impacted
Flights to and from Dubai, a major hub for Indian travelers, face disruptions due to heavy rainfall in the UAE, the most in 75 years. With about 75 daily flights from India to Dubai, operations by Indian and UAE airlines are impacted. Industry sources report 30-40 Indian flights affected on Monday and Tuesday due to the weather conditions. -
Quick Heal enters US-based AI consortium
Quick Heal Technologies joins US AISIC for responsible AI adoption and collaborates with NIST NCCoE. Seqrite Labs contributes to AISIC groups, highlighting India's cybersecurity maturity and R&D focus in the face of AI opportunities and challenges for global readiness. -
India's economy to grow at 8-8.3% in current fiscal: PHDCCI
According to the PHDCCI, India's economy is projected to expand by 8-8.3 percent in the current fiscal year. Furthermore, the country's GDP is expected to achieve an average growth rate of 6.7 percent over the next 23 years, resulting in India becoming a USD 34.7 trillion economy by 2047, accompanied by a per capita income of USD 21,000. -
Bitcoin ATMs flood Black, Latino areas, charging fees up to 22%
As digital assets surge back into the spotlight following a period of price drops, experts caution about the inherent risks in one of the industry's most basic forms: Bitcoin teller machines (BTMs). BTMs are physical kiosks found at gas stations, convenience stores, and more, allowing users to convert cash to cryptocurrency. -
Samsung Aims For Rs 10,000 Cr Revenue From Its AI TV Business In India
As per analysts, no TV brand in the country has achieved the Rs 10,000 crore revenue milestone before. -
Yamaha Launches Aerox S With Keyless Ignition; Check Features, Performance
One of the standout features of the Yamaha Aerox S is its keyless ignition system which is usually reserved for higher-end vehicles.
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Tesla asks investors to approve Musk’s $56 billion pay again
Tesla Inc. plans to seek approval from shareholders once more for Elon Musk's $56 billion compensation package after a court voided it earlier this year. The proposal, revealed in a proxy filing on Wednesday, also includes a vote on relocating the company's state of incorporation to Texas from Delaware. Tesla's annual meeting is set for June 13. -
IIFL Finance To Raise Rs 1,272 Crore Via Rights Issue
Last month, the RBI barred IIFL Finance Ltd from disbursing gold loans, with immediate effect following multiple supervisory concerns. -
United Airlines jumps after results beat 'dramatically low' expectations
United Airlines witnessed a premarket surge of approximately 5.3% on Wednesday, propelled by an optimistic profit outlook for the second quarter and robust first-quarter performance, notwithstanding a $200 million setback related to Boeing's safety crisis. The airline's forecast indicated resilience in travel demand, particularly as corporate expenditures showed signs of improvement. -
Bank holiday in several cities on April 19 due to Lok Sabha elections Phase 1; check details
Lok Sabha Elections 2024 trigger bank closures in various cities, with states declaring holidays for voting days. Special provisions by Uttarakhand, Nagaland, and Tamil Nadu facilitate voting participation. Tripura banks close for Garia Puja celebrations. -
WhatsApp Launches QR Ticketing Service for DTC Commuters in Delhi-NCR
Discover how AiSensy revolutionized Delhi's public transport with a WhatsApp chatbot for seamless DTC ticket bookings.
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