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-
US challenges India’s export subsidy programmes at WTO
The US today challenged Indian export subsidy schemes at the World Trade Organisation, saying these programmes harm American workers by creating an "uneven" playing field, officials said. -
India closes gap with China as weight in MSCI equity index hits record high; $2 billion inflows expected
India's weight in MSCI's Global Standard index has reached a record high, narrowing the gap with China, boosting prospects for inflows into equity markets. Effective May 31, China's weightage will decrease from 25.4% to 25%, while India's weight will increase from 18.2% to 19%. -
Air India Express Operations Return To Normal After Major Flight Disruptions
Air India Express faced disruptions due to a cabin crew strike, resulting in the cancellation of several flights.
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Mahindra XUV 3XO Bookings Open, Here Are Top 5 Pros & 6 Cons
Mahindra recently launched the facelift version of the XUV300, named the XUV 3XO. The company has now commenced bookings for it, with deliveries set to begin from May 26th. -
Stock market today: BSE Sensex opens flat, up over 80 points; Nifty50 above 22,250
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, saw a muted opening in trade on Wednesday. While BSE Sensex moved up over 80 points, Nifty50 was above 22,250. -
Stock market today: BSE Sensex dips over 200 points to below 73,000 level; Nifty50 near 22,150
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, plunged after opening flat on Wednesday. While BSE Sensex dipped over 200 points, Nifty50 was down over 40 points. -
Govt Issues Warning On 'Digital Arrest', 'Blackmailing' By Cyber Criminals -- All You Need To Know
On receipt of such calls, the citizens should immediately report the incident on cybercrime helpline number 1930 or www.cybercrime.gov.in for assistance. -
Google Introduces Lightweight Gemini AI Model, Video Generation AI And More
Both Gemini 1.5 Pro and 1.5 Flash AI models are available in public preview with a 1 million token context window on Google AI Studio and Vertex AI.
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SME woes: Sebi flags fraud by 2 companies to pump up stock
Sebi uncovers accounting frauds at Varanium Cloud and Add-Shop E-Retail on the SME platform, leading to bans for financial manipulation. Market expert warns of regulatory impact on BSE SME IPO Index gains. -
ChrysCapital makes $100 million eyecare bet
ChrysCapital invests $100 million in New Delhi's Centre For Sight (CFS), acquiring 30.8% stake from Mahindra Holdings. Founded by Dr Mahipal S Sachdev in 1996, CFS has 83 centres in 15 states including Delhi, Rajasthan, Gujarat, and Telangana. -
Sebi eases KYC compliance norms
Sebi eases revised KYC rule for investors, addressing NRIs' fund withdrawal issues. KRAs can validate PAN, name, address, email, and mobile number from official databases. 1.3 crore investors faced challenges in MFs, stocks, and commodities trading. -
How IT companies are pressing staff to return to office
IT companies are implementing strategies to encourage workforce return to the office. Cognizant, TCS, Dell, Wipro, and Infosys have introduced various measures. Cognizant's CEO launched a compliance app, while TCS links pay to office presence. Dell tracks employees, Wipro enhances collaboration, and Infosys offers work-from-home options. -
OpenAI's chief scientist and co-founder is leaving the company
Ilya Sutskever, co-founder and chief scientist of OpenAI, departs from the company following the removal of CEO Sam Altman, marking the end of a narrative that shocked Silicon Valley. Sutskever mentioned starting a new project, with Jakub Pachocki taking over as chief scientist and OpenAI unveiling a new edition of its ChatGPT chatbot, showcasing advancements in generative AI technology. -
HDFC to allocate 6-7% of its budget for IT expenses
HDFC Bank's Parag Rao announced 6-7% IT expenditure allocation, focusing on capital and operating costs. The Pixel card for young customers launched via Payzapp, with investments in core infrastructure and customer servicing apps. Strategies include avoiding downtime, enhancing engagement, and building modular systems. -
Work with Sebi to avoid futures & options blowout, Finance minister Sitharaman tells exchanges
Finance minister Nirmala Sitharaman emphasized the importance of preventing an 'explosion' in retail futures & options to maintain investor confidence amid a shift to capital markets, while also addressing dollar appreciation, rupee trade, stability under PM Modi, and promoting an investment-led growth strategy with greater openness and transparency. -
Sedans & small cars drive exports
Maruti Suzuki and Hyundai drive India's car exports to global markets with a diverse range of small cars, sedans, and SUVs, including models like Dzire, S Presso, Verna, Aura, Baleno, Swift, Venue, Alcazar, C3 electric mini, Elevate SUV, and Left-hand drive Honda City. -
Wholesale inflation hits 13-month high
Wholesale price inflation surged to a 13-month high in April, driven by fuel, power, and food prices. The Commerce and Industry Ministry reported a 1.3% increase in the Wholesale Price Index (WPI), attributed to rising prices of food articles, electricity, and crude & gas. -
Airtel’s profit slips 31% to Rs 2,072 crore in Q4
Bharti Airtel's profit fell 31% to Rs 2,072 crore in Q4, impacted by Nigerian Naira devaluation. Revenue increased 4% to Rs 37,599 crore. The company faced a forex loss of Rs 2,544 crore and achieved an industry-leading ARPU of Rs 209. -
ED arrests Dheeraj Wadhawan in Rs 35k crore fraud
Dheeraj Wadhawan arrested in Rs 34,000 crore DHFL bank fraud case. Linked to Iqbal Mirchi, Ajay Navandar. Used false loans, NPA 'Bandra Books.' CBI seized cash, watches, art worth crores. -
DHFL scam: CBI arrests Dheeraj Wadhawan in Rs 34,000 cr bank fraud case
Former DHFL director Dheeraj Wadhawan arrested by CBI in Rs 34,000-crore bank fraud case from Mumbai, charge-sheeted in 2022. CBI registered the case related to defrauding a consortium of 17 banks for Rs 34,000 crore, the biggest banking loan fraud in India. -
Indian aviation industry loss estimated to stay at Rs 30-40 billion in FY25
ICRA forecasts Indian aviation industry to reduce net loss to Rs 30-40 billion in FY2025 from Rs 170-175 billion in FY2023. Challenges include high ATF prices, rupee depreciation, supply chain issues, faulty P&W engines grounding fleets, flight cancellations, and financial distress. -
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.
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