India

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The objective of the beta test is to allow consumers to experience the network for the first time and gather feedback which will help further refine the network before a pan-India roll-out Open Network for Digital Commerce (ONDC), an initiative of the department of promotion of industry and internal trade (DPIIT), ministry of commerce, government of India, will progressively open its network to consumers via participant applications in 16 pin cod…


WhatsApp’s Call links feature which was announced by the company’s CEO Mark Zuckerberg on September 26 is now finally rolling out to select users. WhatsApp update sharing website, WABetaInfo has confirmed the rollout of this feature. The new feature will let users set up calls by creating direct links with both audio and video calls. Other people will then be able to join the call at their own pace....


The expansion comes as India's dealmaking is bucking a global downturn driven by concerns over heightened inflation and a potential recession Rothschild & Co. is planning to add seven bankers in India before the end of this year as the firm looks to expand its footprint in Asia’s third-largest economy.......


The standing deposit facility (SDF) was adjusted to 5.6%, MSF and Bank rate to 6.15% The Reserve Bak of India (RBI) raised the policy repo rate by 50 basis points (bsp) to 5.9 per cent in its monetary policy review. This is the fourth hike in repo rate in the current financial year. In its Monetary Policy Committee meeting (MPC), the RBI decided to withdraw accodative stance while supporting growth....


Tata Communications said it had developed use cases across automotive, metals and mining, airports and seaports, manufacturing, logistics and healthcare sectors Tata Communications launched a dedicated private 5G global centre of excellence in Pune on Thursday, which will be used as a secure indoor facility to test and conduct trials of industry use cases, the company said in a statement.....


More than 8 lakh bookings of passenger vehicles is still pending Despite record bookings and dispatches, the estimated backlog for passenger vehicles (PVs) is close to 8.25 lakh in the festival season. Industry veterans say long-waiting period of the vehicles is pushing eager customers to opt for easily-available variants even if they don’t have the specific features they wanted so that they bring home the car during these auspicious days (…


વડાપ્રધાન નરેન્દ્ર મોદીએ ભારતના સૌથી મોટા ખેલ મહોત્સવ, 36મી નેશનલ ગેમ્સનું ઉદઘાટન કર્યું હતું. તેમણે સંબોધનમાં જણાવ્યું કે, આ દ્રશ્ય, આ તસવીર, આ માહોલ, શબ્દોથી ઉપર છે. વિશ્વન…


PM નરેન્દ્ર મોદી આજે ગુજરાતના પ્રવાસે છે. ત્યારે પીએમ નરેન્દ્ર મોદીએ સુરત અને ભાવનગરમાં વિવિધ વિકાસના કાર્યોનું ખાતમુહૂર્ત અને લોકાર્પણ કરાયું હતું. ત્યારબાદ અમદાવાદના …


The market continued its southward journey for the seventh consecutive session and closed at a two-month low on September 29, the expiry day for September futures & options contracts, tracking a negative trend in global peers. The BSE Sensex declined 188 points to 56,410, while the Nifty50 fell 40 points to 16,818 and formed a bearish candle on the daily charts.


Through this partnership with Semrush, Scalenut aims to help their users scale SEO content Scalenut, an AI-powered SEO and Content Marketing platform, has announced its partnership with Semrush, an online visibility management SaaS platform. Through this partnership with Semrush, Scalenut aims to help their users scale SEO content....


External affairs minister said about the US-India relationship that it is of great capability and potential, and there is still a lot of room for it to grow External affairs minister S Jaishankar, on Wednesday, has said that American businesses are struck by how much more digital India has become and there is a broad sense of overall appreciation of the ease of doing business in the country....


2022-09-29

PM Narendra Modi lays the foundation Stone , dedicates to the nation various projects at Bhavnagar


The 11 aircraft leased out of GIFT City to date include helicopters, regional aircraft, trainer aircraft and private jets Aircraft lessors based out of Gujarat International Finance Tec-City (GIFT City) are likely to lease out about 60 aircraft, including helicopters, by March 2023, said Dipesh Shah, executive director (Development), International Financial Services Centres Authority (IFSCA), on Wednesday.....


PM Modi said once the Diamond Research and Mercantile (DREAM) city project is completed, Surat will emerge as the safest and convenient diamond trading hub in the world Addressing a rally after laying the foundation stone and inaugurating a host of projects here in Gujarat, Modi said in the last 20 years Surat has progressed by leaps and bounds...


Adani Enterprises stock rose up to 3.19 per cent to Rs 3,662.5 against the previous close of Rs 3,549.10 on BSE. Market cap of Adani Enterprises rose to Rs 4.12 lakh crore. Shares of Adani Enterprises rose over 3 per cent today a day ahead of the Adani Group flagship firm's entry into the Nifty50 index. Adani Enterprises shares rose up to 3.19 per cent to Rs 3,662.5 against the previous close of Rs 3,549.10 on BSE. Stock of Adani Enterprises has …


Cosmetics-to-fashion retailer Nykaa said on Wednesday the company's board will meet on 3 October to approve the issuance of bonus shares to its existing shareholders. In its filing with the exchanges, the company said, “We wish to inform you that a meeting of the Board of Directors of the Company will be held on Monday, October 03, 2022, to, interalia, consider and approve the issuance of Bonus Shares to the equity shareholders of the Compa…


‘Application Supported by Blocked Amount’ has multiple benefits for investors, but implementation must be non-disruptive  We have come a long way since the pre-1990 era when the manner in which investor funds were handled for stock market trades was shrouded in mystery. With trading, clearing and settlement moving online, investors now have a fairly good idea about where their funds are going and how they are being utilised. But …


The market on September 14 witnessed a smart recovery from the day's low as the session progressed, though it closed lower and snapped a four-day winning streak due to weakness in global counterparts and technology stocks. The BSE Sensex recouped more than 800 point losses from the day's low, to close 224 points lower at 60,347, while the Nifty50 fell 66 points to 18,004 and formed a strong bullish candle on the daily charts as the closing was hi…


The pilot is currently conducting its concluding phase of technical and commercial trial with buses and long-range electric SUV on the Delhi to Jaipur highway Union Minister of Road Transport & Highway Nitin Gadkari on Tuesday revealed the miniature of EV charging station conceptualised by National Highways for EV (NHEV). The NHEV miniature model of charging station is the first ever such model in the industry which has been conceptualised as…


Ease of Doing Business for MSMEs: A decision to identify 5 acres or more land in every village panchayat has been taken, in order to boost the MSMEs in villages, under the MSME promotion policy. Uttar Pradesh cabinet on Tuesday approved a Micro Small Medium Enterprises Promotion Policy (MSME) 2022 and Uttar Pradesh Bioenergy Policy-2022 to help setting up of MSMEs and bioenergy projects, as per a report by Hindustan Times.....


Oracle India's employees used "an excessive discount scheme" in connection with a transaction with a transportation company, says the SEC order Tech giant Oracle has been fined $23 million for violating the Foreign Corrupt Practices Act (FCPA) by the US Securities and Exchange Commission (SEC). The firm created slush funds to bribe foreign officials in United Arab Emirates, Turkey, and India....


Given the current volatility in the markets and domestic indices falling for five straight sessions, these three stocks managed to settle on a higher note in the previous session (Tuesday). The ongoing turbulence in Indian equity markets has made new-age technology stocks wobble as investors remain jittery about the economic growth concerns. In addition, the almost certain interest rate hike by the Reserve Bank of India (RBI) -- scheduled on Frid…


Godrej Properties Ltd. (GPL) today announced that it has acquired a land parcel that is strategically located in the immediate vicinity of Indiranagar and is close to the Old Airport Road and within the Outer Ring Road limits. Spread across approximately 7-acres, the project is estimated to have a developable potential of approximately 0.6 million square feet of saleable area and will be developed as a premium residential project comprising apart…


Estimated employment grew to 3.18 cr in Jan-March 2022, vacancies on NCS at an all-time high Employment increased by about four lakh in the January to March 2022 quarter as against the previous quarter in nine selected sectors of the economy. The Fourth Round of Quarterly Employment Survey (QES) .....


Mukesh Ambani, Sunil Bharti Mittal and Kumar Mangalam Birla will also be present at the event Prime Minister Narendra Modi is officially going to inaugurate the first 5G mobile services commercially on Saturday (October 1), at the India Mobile Congress (IMC) 2022, where business tycoons like Mukesh Ambani, Sunil Bharti Mittal and Kumar Mangalam Birla will also be present....


The BSE Sensex rose 456 points to 60,571, while the Nifty50 climbed 134 points to 18,070 and formed a small-bodied bullish candle on the daily charts. The Nifty50 index on September 13 opened and closed above the crucial psychological level of 18,000, thereby continuing the uptrend for the fourth consecutive session amid positive global cues. Banking & financial services, FMCG, and metal stocks supported the market. The BSE Sensex rose 456 p…


The company plans to use the fund to hyperscale the business and expand geographically Cheelizza – India Ka Pizza, a Mumbai-based pure vegetarian pizza chain from Mumbai, has raised INR 4.11 crore in a Seed funding round led by the Indian Angel Network (IAN). The round was led by IAN Investors Hari Balasubramanian, Uday Chatterjee, Deval Tibrewal and Rajeev Sarda. The round also saw participation from Sagar Daryani (founder o…


Canadian pension fund manager Ontario Teachers’ Pension Plan Board today said it has opened its India office in Mumbai which will be its sixth global and third office in the Asia Pacific. Ontario Teachers, which has investments of C$3 billion (Rs 18,374 crore) in India, follows its bigger Canadian peers such as CPPIB and CDPQ which have set up offices in the financial hub of Bandra Kurla Complex in Mumbai. Ontario Teachers’ has assets…


Company in sight to become one of the least expensive producers of green electron and green hydrogen, says Gautam Adani The Adani Group will invest more $100 billion in the next decade with a substantial amount going for energy transition, said group chairman Gautam Adani on Tuesday, announcing "game-changing" plans that the billionaire claimed could make India a net-energy exporter.....


The route is part of the Centre's UDAN (Ude Desh ka Aam Naagrik) scheme, which is in line with the National Civil Aviation Policy to develop regional connectivity. Flight service connecting Guwahati with Tezu and Imphal was launched at the Lokpriya Gopinath Bordoloi International (LGBI) Airport here on Monday. Flybig airlines will operate its flights six days a week on the route, a statement from LGBI Airport said......


HCL Tech also launched its new employee value proposition (EVP) - 'Find Your Spark'.   IT services major HCL Technologies has launched its new brand identity and logo, which seeks to embrace a distinct global brand identity while retaining connectivity with HCL Group....


What is the objective of the National Logistics Policy? How has the policy been received by the stakeholders? How competitive is India when it comes to logistics? On September 17, Prime Minister Narendra Modi launched the National Logistics Policy and experts believe that this could be the best thing that could happen to industry. In this video, businessline’s Senior Assistant Editor TE Raja Simhan takes a look at the policy and explains w…


The market put up a major disappointing performance for yet another session on September 26 as the benchmark indices plunged more than 1.6 percent tracking a correction in global peers amid mounting recession fears. The significant selling by FIIs and depreciation in currencies against the US dollar also weighed on sentiment. The BSE Sensex tanked 954 points to 57,145, while the Nifty50 plunged 311 points to 17,016 and formed a bearish candlestic…


Nirmalaya targets to reach the revenue milestone of $3.50 million in the next 16 to 18 months period Nirmalaya, the NCR-based natural fragrance brand, has raised $800,000 in a Seed funding round, led by Artha Venture Fund along with key investors including The DotIn Network, Shiprocket , Huddle Accelerator, Flawless Company Family office and other marquee angels....


2022-09-26

देखिए, ‘पातालपानी-कालाकुंड हेरिटेज ट्रेन’ के साथ प्राकृतिक सौंदर्य से भरपूर मनोरम दृश्य।


While it took seven months after its global launch for the iPhone 13 to start getting assembled in India, iPhone 14's assembly started just ten days after the global launch On Monday, Apple Inc announced it had started assembling iPhone 14, the latest in the series of Apple phones, in India at the Foxconn factory. With this, the company achieved a significant milestone by bridging the gap between …


Omni Bridgeway is one of the largest litigation finance firms globally with assets under management totalling $3 billion; Indian litigation funding has enormous potential, says Tom Glasgow, Managing Director, Omni Bridgeway. “The Indian market has a lot of potential and remains untapped with plenty of domestic opportunities,” said Tom Glasgow, Managing Director, Omni Bridgeway. He was speaking at India’s first Litigation and Ins…


An Australian delegation, comprising 106 companies, will visit India this week to explore supply partnerships with companies, including Ola Electric Mobility, Tata Chemicals and Aditya Birla Group. The Australian companies will also scout for opportunities in critical minerals, digital health, infrastructure and agri-food sectors......


Pharma, G&J, marine, agri, textiles, leather, engineering, electronics and telecom, tourism, IT/ITES, health care, financial services to be focus sectors To inspire exporters to dream big, the new Foreign Trade Policy (2022-27), expected to be announced later this week, is likely to feature a ‘vision statement’ laying the road-map for increasing India’s share in world trade to 10 per cent of global trade by 2047 and 3 per …


Smaller cities contribute more; personal care segment is the topper E-commerce companies like Amazon, Flipkart, and Meesho have reported significant jump in order volumes, as overall e-commerce saw 28 per cent order volume growth in the first two days of 2022 festival sale (September 23& 24)  compared with first two days of the festival sale of 2021 (October 3&4). Unicommerce, a SaaS platform for post-purchase experience....


Bears had kept tight control over Dalal Street for a third consecutive session on September 16, pulling the benchmark indices down by nearly 2 percent as expectations of aggressive policy tightening by the US Federal Reserve in upcoming policy meetings to tame inflation, rising US dollar & bond yields, FII selling and correction in IT stocks weighed down the market.


The awareness of ESG issues and targeting goals beyond maximising profits and minimising risks is now a growing trend among corporates around the world. And this trend is now catching among Indian companies too. While industrialisation has brought newer opportunities, there is no denying the fact that it also led to challenges like fast increasing global temperatures, natural calamities, extreme weather, loss of biodiversity, disease transmission…


Salesforce India will increase its headcount in the country to 10,000 by January next year from 7,500-plus currently, its chairperson and CEO Arundhati Bhattacharya has said. Salesforce India will increase its headcount in the country to 10,000 by January next year from 7,500-plus currently, its chairperson and CEO Arundhati Bhattacharya has said. Bhattacharya further said that in the order of priority, the focus areas for Salesforce in India are…


India is on track to attract USD 100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on Saturday India is on track to attract USD 100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on Saturday. In 2021-22, the country received the "highest ever" fo…


As debit cards and credit cards are linked to UPI apps as well following the integration with bank accounts, is it fair to say that UPI has disrupted the payments space? As part of the magazine's latest edition: 'The UPI Juggernaut', Business Today conducted a social media poll to understand the acceptance of Unified Payments Interface (UPI) platforms across India. As per the findings, people prefer to use Paytm, Google Pay, PhonePe, Bharat Pay…


Strengthening its position as a global integrated logistics company, A.P. Moller – Maersk on Friday inaugurated two new warehouses in India, that are strategically located near the National Capital Region (NCR) in the northern part of the country, the company said in a statement.....


Prime Minister Narendra Modi will inaugurate 5G services in the country at India Mobile Congress at Pragati Maidan on October 1. In a tweet, the National Broadband Mission, which operates under the Ministry of Communications, said, "Taking India’s digital transformation & connectivity to new heights, Hon'ble PM, @narendramodi, will roll out 5G services in India; at India Mobile Congress; Asia’s larges…