VST Zetor Private Ltd, in collaboration with HTC Investments, introduced three 41-50 HP tractors, featuring a DI Engine and dual-acting power steering. These tractors aim to meet various farming applications in India.
Zee Media Corporation Ltd announced the termination of its CEO Abhay Ojha, effective from May 4, 2024. The company's Board of Directors approved and confirmed Ojha's cessation of employment and his consequent removal as CEO. The reasons for his termination were not disclosed. Ojha had been promoted to CEO last year after joining Zee Media in 2022 as Chief Business Officer.
State-owned BSNL will start rolling out 4G services across the country from August, using completely indigenous technology in line with the government's "Atmanirbhar" policy, according to official sources. BSNL officials claimed to have recorded peak speed of 40-45 megabit per second on the 4G network which has been rolled out in the premium spectrum band of 700 megahertz (Mhz) as well as in 2,100 Mhz band during the pilot phase.
Quadria Capital invests $102 million in NephroPlus, India's largest dialysis chain, acquiring a minority stake. The move supports NephroPlus in meeting the rising demand for dialysis services in India and Asia. Quadria anticipates dialysis demand growth over the next five years in its targeted markets. The investment values NephroPlus at over $239.6 million. NephroPlus operates approximately 450 dialysis centers across India, the Philippines, and Uzbekistan
Square Yards reported robust financial performance in FY 24, achieving EBITDA profitability and strong revenue growth. Tanuj Shori leads the company with diverse revenue sources. The company targets further growth in FY25.
The Lab-grown Diamonds (LGDs) exports are set to rebound in FY25, with an expected growth of 7-9% to reach around US$1500-1530 million, as per CareEdge Advisory. Despite recent declines due to falling prices, LGD demand is poised to increase due to factors like cost-effectiveness and environmental sustainability, with India emerging as a key player in the global LGD market.
The Botanical Garden metro station won the awards of best station, a statement issued by the DMRC on Friday said.
The FLiRT variant, a group of new Covid-19 variants belonging to Omicron's JN.1 lineage, is rapidly spreading in the US. Variants KP.2 and KP 1.1, considered more infectious than previous Omicron variants, are causing concern. Experts warn of a potential new wave of infections in the summer. Symptoms of FLiRT remain similar to other variants. Vaccination and preventive measures are advised.
The Council for the Indian School Certificate Examinations (CISCE) has decided to discontinue the practice of publishing merit lists for Class 10 and 12 board exams starting this year. This decision aims to prevent unhealthy competition among students. The pass percentage for CISCE Class 10 and 12 board exams, which were announced on Monday, saw a slight increase compared to last year. The move follows a similar decision by the CBSE last year to stop releasing merit lists for these board exams.
CRISIL predicts Indian airlines to handle half of the nation's international air passenger traffic by 2027-28, up from 43% in the previous fiscal. This surge is driven by fleet expansion, new routes, and better domestic connectivity. Rising disposable incomes and government initiatives are fueling international travel growth.
Power transmission developer Sterlite Power on Monday said it has appointed Reshu Madan as the chief executive officer of global products and services business.
Britannia's Varun Berry prepares for post-election commodity price surge, aiming for growth despite margin erosion. The firm focuses on market route project, service alignment, and salesforce automation to tackle regional competition and pandemic-led disruptions.
With this contract, RITES, the only ISA-certified central public sector enterprise, has ventured into a new business stream and it said it is committed to advancing ISA works by leveraging its expertise in the Quality Assurance segment.
Adda247 appointed Bimaljeet Singh Bhasin as CEO to lead skilling and higher education business growth, with support from Google, Westbridge, and Info Edge. Bimal's vast experience will help expand offerings for over 40 million users preparing for various exams.
India Ratings and Research (Ind-Ra) projects a positive outlook for the education sector in the financial year 2024-25, citing factors such as increasing enrolments and rising tuition fees per student. The agency anticipates that the growing middle-class income and demand for quality education will drive higher spending on infrastructure and facilities. Digitalization, distance learning, and e-learning content are expected to play a significant role in the sector's growth.
Despite challenges in personal voice calling revenue for telecom operators, the enterprise sector sees significant revenue from voice channels. With the rise of digital-native businesses in India, voice services like IVR, outbound calling, and contact center telephony remain vital for customer support. Industry experts foresee continued growth in voice communication alongside other digital channels.
Supreme Court holds District Cooperative Bank liable for employee actions, orders compensation of Rs 25,000 to a man after three decades. Bank failed to release fixed deposit receipts worth Rs 1,60,000 in Varanasi. Petitioner awarded refund with interest and damages by district consumer forum in 1997. Apex court overturns NCDRC's ruling, emphasizing bank's vicarious liability for employee conduct.
PayZapp by HDFC Bank simplifies bill payments with digital banking, multiple bill management, one-swipe feature, promo code savings, and versatile payment options. Enjoy efficient bill payments with added benefits across Android and iOS devices.
Potholes persist as a major concern for Indian road users, despite technological advancements. The NHAI is exploring self-healing materials for roads, aiming to autonomously repair gaps using a blend of steel fibers and bitumen. This innovative asphalt technology involves heating the bitumen to bind with road materials, preventing pothole formation.
The loan will be raised by Dhamra LNG Terminal Pvt., a unit of Adani Total Pvt., the people said, asking not be named because the details are private. The debt’s tenor could range from three to five years, with the pricing likely linked to the Secured Overnight Financing Rate, they said.
Under the new plan, IIHL is looking to set up a banking, financial services, and insurance portfolio worth $50 billion (Rs 4.2 lakh crore) by 2030. This is including its investment in IndusInd Bank, apart from the new businesses under Reliance Capital, which IIHL won in insolvency proceedings.
To expand its portfolio, Aravind Maiya, Chief Executive Officer of Embassy REIT, said the company is constructing 6.1 million (61 lakh) square feet of premium office space in Bengaluru to cater to rising demand from global capability centres (GCCs) and also domestic players.
Leapmotor, which had talks going on with Sajjan Jindal-led JSW, will be following in the footsteps of its Chinese peers MG and BYD into India.
CISCE Board ISC Class 12 toppers list: The Council for the Indian School Certificate Examinations (CISCE) has released the ICSE (Class 10) and ISC (Class 12) exam results. Candidates can find them on the board's website, with the ICSE Class 12 toppers' list soon to follow. Approximately 80,000 students took the ISC exams, marking a significant educational milestone. Students can access their results online using their unique identification or index number.
CISCE declared the ICSE (Class 10) and ISC (Class 12) exam results today. Students can check their results on the official website. Last year's ICSE toppers scored 99.8%, including Rushil Kumar, Annanya Karthik, and others. Around 140,000 students appeared for ICSE Class 10 exams, while approximately 80,000 sat for ISC Class 12 exams. CISCE Class 12 exams experienced postponements and cancellations due to unforeseen circumstances. Check results on the CISCE website using provided steps.
Several top executives of the three companies and auditors associated with some of them now face criminal charges due to the irregularities. Additionally, both auditors and their firms are undergoing disciplinary procedures. Meanwhile, the new leadership has divested a substantial portion of assets to settle a significant portion of debts owed to creditors.
In the ongoing competition between Airbus and Boeing for dominance in the commercial aircraft market, Airbus has been consistently outperforming Boeing in both orders and deliveries for the past five years. This trend has been fueled by Airbus's development of fuel-efficient aircraft and its ability to meet demand faster than Boeing.
A container cabin caught fire in Maharashtra's Thane district shortly after midnight on Monday, destroying decoration materials kept in it, civic officials said. No person was injured in the incident, Thane Municipal Corporation's disaster management cell chief Yasin Tadvi said.
Delhi Police has seized 15 tonnes of spurious spices from two factories in Karawal Nagar, arresting three individuals involved in the production and supply of adulterated spices. The suspects were found using banned substances and non-edible items in the manufacturing process, endangering public health and safety. Investigations revealed a scheme to profit by producing fake spices, prompting legal action and ongoing efforts to safeguard food quality.
Oil prices rose slightly as Saudi Arabia increased its June crude prices for key regions and the possibility of a Gaza ceasefire diminished, raising concerns about the Israel-Hamas conflict impacting the oil-producing region. Brent crude futures rose to $83.24 a barrel, and U.S. West Texas Intermediate crude futures reached $78.40 a barrel. Saudi Arabia's move to raise prices suggests strong demand expectations for the summer. Despite easing geopolitical tensions, last week saw the largest weekly decline in oil prices in three months due to weak U.S. jobs data and Fed rate cut speculation.
Developers like Isprava Group and House of Abhinandan Loha are witnessing a surge in interest from millennials in Mumbai, Bengaluru, Pune, Delhi, and Hyderabad. The convenience of managing these investments through digital platforms and the flexibility offered by remote work trends are making second homes a practical and appealing choice for young professionals seeking a balance between work and leisure.
Vodafone Idea rushes talks with Nokia, Ericsson for 4G upgrade. 5G orders expected after spectrum auction, elections. Telco focuses on network expansion and market share growth.
Citi is strategically targeting high transaction volume sectors in India like industrials, auto supply chains, clean energy, mobility, consumer, and healthcare. The bank aims to maintain its lead in funding digital disruptors and supporting startups in navigating market conditions.
Last year, the highest court had ruled that a borrower must be given a hearing before labelling the account as 'fraud'. Now, CBI, which is probing many of these cases, insist that the SC verdict stands for all fraud accounts - new as well as old cases - but banks assert that the SC ruling cannot be given 'retrospective' effect to cover borrowers listed as frauds before the ruling.
Indian auditing firms are pushing for fair competition with multinational counterparts, expressing concerns over the Big Four's increasing dominance and alleged manipulation of regulatory loopholes. The Institute of Chartered Accountants of India (ICAI) recently investigated affiliates of EY, Deloitte, PwC, and KPMG, where the firms were able to obtain court stays against disciplinary actions by the ICAI disciplinary committee after years of scrutiny, according to local rivals.
Ashok Leyland, the Hinduja Group flagship, is set to introduce six new light commercial vehicles (LCVs) in the next year, aiming to boost its market share in the segment to 25% from the current 20%. Amandeep Singh, president of LCV, international operations, defence, and power solutions at Ashok Leyland, revealed the company's plans to launch a new model of the Dost range every alternate month, starting from this month.
Mahindra Susten plans to invest ₹21,000 crore in a 5.5 GW renewable energy portfolio over 5 years with Ontario Teachers' Pension Plan. The company aims to avoid a heavy debt burden through asset flipping and expand into the hybrid renewable energy sector.
According to various estimates of trade analysts, multiplexes having five to six auditoriums are restricting shows to two or three, while some single-screen theatres are temporarily shutting operations, due to poor business and large expenses associated with running them.
Kotak Mahindra Bank's CEO discusses potential impact of RBI restrictions on profitability. The bank prioritizes prudence in credit growth and aims to mitigate the impact while focusing on smart business growth strategies.
Cosmetics and beauty brands are reevaluating influencer marketing strategies due to a gender mismatch in followers, leading to budget wastage. Beauty and fashion attract numerous influencers, especially on Instagram and YouTube.
India is planning a comprehensive overhaul of its urban transportation system, aiming to merge metro and bus services while prioritizing the adoption of clean energy. The proposal also includes incentives to encourage environmentally friendly intra-city freight transport using small trucks.
Experts and industry executives said this will allow Indian players to tap surplus international satellite capacities to deliver satcom services at competitive rates in India.
Relais & Châteaux plans to expand in India due to high trip spend. President Gardinier studies properties fitting association's DNA. Emphasis on local design and gastronomy. Top source markets are US, France, UK.
Indian Overseas Bank to e-auction 92 non-performing loans worth Rs 13,471.68 crore. Loans include consortium arrangements, NCLT cases, sole banking ventures. Gross NPA reduced to 3.90% by December 31, 2023.
IIHL awaits Irdai approval for Rs 9,650-crore Reliance Capital acquisition, ready to pay promptly. NCLT deadline nears with funding secured. Plans include Nippon collaboration, health insurance launch, and Afrinex listing aspiration.
According to the statement, REC Ltd, under the Ministry of Power and a leading NBFC, has received a 'No Objection Certificate' (NOC) from the Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in Gandhinagar, Gujarat.
Indian Overseas Bank successfully reduces Gross NPA to 3.90%. Sale announced for 92 NPA loans totaling Rs 13,471.68 crore. Recovery strategies include Securitisation, Compromise Settlement, Asset Reconstruction, with e-auction on May 28, details on www.iob.in.
Are you a fan of cheese burst pizzas? Now, make it at home with this easy recipe and enjoy it over the weekend.
Explore the lush gardens, serene lakes, scenic peaks, historic railway, charming tea estates, cultural heritage sites, and botanical marvels of Ooty, offering a captivating blend of nature, history, and culture.
Indian refined sunflower oil volumes in FY25 are expected to decline by 8-10%. Consumers are shifting back to soybean oil, leading to a forecasted profitability growth. Sunflower oil demand is influenced by palm oil and soybean oil prices.