New Delhi [India], August 21: E2E Networks Ltd. (NSE: E2E), a leading AI-First and MeitY-empanelled Cloud Platform in India, today announced the successful closure of a strategic investment round, securing INR 420.51 crores through a preferential issue of equity shares. This significant capital infusion underscores E2E Networks' commitment to advancing India's AI/ML Cloud Platform, empowering enterprises, startups, and institutions across the nation.
Lebanon's Hezbollah has launched more than 50 rockets, hitting a number of private homes in the Israeli-annexed Golan Heights. The attack on Wednesday came a day after US Secretary of State Antony Blinken met with fellow mediators Egypt and Qatar as he pressed ahead with the latest diplomatic mission to secure a cease-fire in the war in Gaza, even as Hamas and Israel signaled that challenges remain. Hamas in a new statement called the latest proposal presented to it a reversal of what it agreed to... Читать дальше...
The initial public offer of construction solutions provider Interarch Building Products got subscribed a whopping 93.46 times on the last day of subscription on Wednesday. The Rs 600-crore initial share sale received bids for 43,87,96,464 shares against 46,91,585 shares on offer, as per NSE data. The portion for Qualified Institutional Buyers (QIBs) received 205.41 times subscription while the quota for Non-Institutional Investors fetched 128.42 times subscription. The Retail Individual Investors... Читать дальше...
Parliament needs to institute oversight mechanisms for regulators, who oversee markets, without compromising their autonomy
RRBs were established regionally and are oriented towards rural areas, with capital contributed by the Government of India, state governments, and sponsored banks under the RRB Act, 1976
The broking outfit agreed to pay Rs 69.82 lakh for settling the charges
Given the current level of public debt and deficit, India's public finances will need deft management both at the Union and state levels
Raises debate over large e-commerce players eating into share of smaller offline retailers
E-commerce major Amazon India on Wednesday said its home, kitchen and outdoors segment has grown by nearly 25 per cent in Odisha in the 2023-24 fiscal as compared to the previous year. The company also registered a 15 per cent growth in new customers in Odisha which is one of the fastest-growing states, Amazon India's Home, Kitchen and Outdoors segment Director K N Srikanth said. There is growing demand for sports and sporting equipment in the region with the cricket gears experiencing more than 80 per cent year-on-year growth, he said. Читать дальше...
With this appointment, Nambiar also resigns from his current position at Cognizant. He was Chairman and Managing Director of Cognizant India
As the fiscal space tightens, it will be important for private investment to pick up to sustain economic growth over the medium to long term
It is time now that state governments also work hard in giving us reforms, good policies, not just freebies, he added
The overall gem and jewellery exports witnessed a 21.93 per cent year-on-year decline in July to USD 1,665.4 million (Rs 13,922.03 crore) on account of dampening of consumer demand following global unrest, Gem and Jewellery Export Promotion Council (GJEPC) has said. According to data released by GJEPC -- the apex body for the gems and jewellery industry in India -- the overall exports in the category in July 2023 stood at Rs USD 2,170.71 million. "The exports are mainly affected due to decline in... Читать дальше...
It was indicated that these platforms are not allowed to accept public deposits nor can they lend on their own or arrange a guarantee to the lenders on the platform
Data from ISRO's Chandrayaan-3 mission supports the theory that the Moon was once covered in an ocean of magma, or a 'magma ocean', an analysis, published in the journal Nature, has suggested. The analysis pertained to measurements of the lunar soil, recorded by the Pragyan rover and taken at multiple points along a 100-metre track on the surface. The rover was deployed by the Vikram lander, which made a soft landing near the south pole of the Moon on August 23, 2023. Chandrayaan-3, consisting of the lander and rover... Читать дальше...
Facing competition from automakers with lower costs, Ford Motor Co is shifting its electric vehicle strategy and now will focus on making two new electric pickup trucks and a new commercial van. The company says all will cost less, have longer range and be profitable within a year of reaching showrooms. Ford, which is losing millions on its current EVs, gave few details about the new products. But it said production of its next generation full-size electric pickup truck in Tennessee will be delayed 18 months, until 2027. Читать дальше...
The Centre on Wednesday accorded the highest category of armed VIP security cover -- Z plus -- to Nationalist Congress Party (NCP-SP) chief Sharad Pawar, official sources said. The Union Home Ministry has asked the Central Reserve Police Force (CRPF) to extend the cover to the 83-year-old former chief minister of Maharashtra. A team of 55 armed CRPF personnel has been earmarked for the task. A threat assessment review by central agencies has recommended a strong security cover to Pawar. The Centre... Читать дальше...
In a statement, Kilburn said the acquisition is aimed at a strategic and synergistic partnership that will enhance Kilburn's portfolio and broaden its reach across various industries
The pilgrimage to holy shrine of Amarnath was successfully completed and a record number of more than 5.12 lakh pilgrims visited it, Union Home Minister Amit Shah said on Wednesday. The pilgrimage to the Amarnath shrine, located at a height of 3,880 metres in the south Kashmir Himalayas, started on June 29 and ended on August 19. "The holy pilgrimage of Shri Amarnathji was successfully completed. This year, the holy pilgrimage lasted for 52 days, a record number of more than 5.12 lakh pilgrims visited Baba... Читать дальше...
This comes as the company refocuses on its core payments and financial services business
The Assam government will introduce a bill in the upcoming Autumn Session of Assembly for compulsory government registration of marriage and divorce of Muslim people, Chief Minister Himanta Biswa Sarma said. Addressing a press conference after a cabinet meeting, Sarma said the government will table the Assam Compulsory Registration of Muslim Marriage and Divorce Bill, 2024 during the upcoming session, which will begin on Thursday. "Earlier, Muslim marriages were registered by the Kazis. However,... Читать дальше...
This comes after One97 Communications, the company operating Paytm brand, handed pink slips to employees in the March quarter of FY24
The Delhi Metro on August 20 registered the highest-ever count of daily passenger journeys at 77.48 lakh, officials said. The urban transporter shared the data in a post on X on Wednesday, saying it has surpassed its previous milestone accomplished on August 13 this year. A total of 77,48,838 passengers travelled on August 20. The count of daily passenger journeys in the Delhi Metro stood at 72.38 lakh on August 13, 71.09 lakh on February 13, 71.07 lakh on August 12, 71.04 lakh on September 4, 2023 and 70.88 lakh on February 12... Читать дальше...
The appointment was announced as Rajesh Nambiar leaves Cognizant to become president of nasscom
The BJP is currently at 87 seats in the Rajya Sabha
