The data center industry in southern India is expanding quickly, particularly in cities like Chennai, Bengaluru, and Hyderabad. This expansion is fueled by government incentives, infrastructure investments, and increasing demand for digital services. It is anticipated that this region will significantly influence the global data center sector, with capacity expected to grow by 65% by 2030.
The Maharashtra government has proposed the Maharashtra Special Public Security Act, 2024, enabling the state to designate groups as illegal. The bill outlines penalties for involvement in unlawful activities and allows authorities to seize property. District Magistrates and Commissioners of Police have authority to take action.
"The overall economic environment globally and in India is so uncertain. The second thing is that CPI (consumer price index) headline inflation continues to be close to 5%, and I think it is too early to talk about an interest rate cut," the Governor said in an interview to a television station.
India's real estate sector has surged, boasting 36 homegrown companies valued at $1 billion or more, surpassing China in this regard. The growth, outlined in the 2024 GROHE-Hurun India Real Estate 100 report, highlights the sector's robust expansion driven by urbanization, infrastructure development, and shifting consumer preferences. Leading the pack is DLF with a valuation of ₹2 lakh crore, followed by Macrotech Developers and Adani Realty. Mumbai leads with 33 companies on the list, underscoring... Читать дальше...
West Bengal CM Mamata Banerjee plans to hold discussions with Shiv Sena, NCP, and SP leaders in Mumbai. She also criticizes BJP and media for biased reporting. Banerjee's visit to Mumbai coincides with Mukesh Ambani's son's wedding.
Shares of Tesla tumbled Thursday following a report that Elon Musk's electric auto giant will delay a much-anticipated "robotaxi" event. Before Thursday, Tesla shares had risen 11 straight days in a move partly attributed to the robotaxi event, which Musk has described as a platform for the company's ambitious autonomous driving technology.
ET gathers that seven political parties including the BJP, Bahujan Samaj Party and All India Majlis E Ittehadul Muslimeen (AIMIM), were at near consensus on two major issues - backing equal inheritance and property rights for men and women as well as the contentious issue of registering/recording or even restricting live-in relationships as well as LGBTQ relationships.
"The home minister patiently listened to cases of 'mob violence' that has gripped West Bengal and the atrocities committed on women by TMC leaders. I handed over a USB drive to him which contains video footages of violence. He enquired about the victims and extended full support for the abatement of the same," Adhikari posted on X.
Bihar CM Nitish Kumar appoints Manish Verma as JDU general secretary. Verma, an Odisha cadre IAS officer, known for his work on 'Saat Nischay' programme, could be a potential successor to Kumar.
The concierge services industry in India is witnessing significant growth, catering to diverse needs ranging from luxury purchases to everyday assistance. Companies like Indulge Global, RedBeryl, and Pinch are expanding their services to meet the demands of a wider customer base, including high net worth individuals (HNIs). These services cover a broad spectrum, from organizing exclusive events and securing rare items like Birkin bags to providing emergency assistance such as air ambulances or arranging safe returns after a night out.
Oil marketing companies are buying crude in anticipation that the commodity might rise further, causing the rupee to weaken. Brent crude oil prices were up 0.06% to $85.13 per barrel from yesterday, Reuters data showed.
The government has established a real-time intelligence sharing platform to tackle cybercrime and online fraud. With over 750 stakeholders on board, prompt action can be taken to catch fraudsters and prevent misuse of telecom resources. Collaboration among different ministries and departments is enhancing the effectiveness of the platform in curbing cybercrimes.
The NCLT has directed Go First's resolution professional to return four engines to lessor Engine Lease Finance BV, citing a Delhi High Court ruling. This decision adds to the challenges facing the grounded airline's insolvency resolution process. The tribunal has adjourned the matter to August 9 to allow time for further instructions from lessors' counsel. A revised resolution plan has been submitted, reducing the offered amount to ₹195 crore. The DGCA's deregistration of 54 planes earlier this year has complicated the situation for Go First.
The EPFO has recovered ₹61 crore from SpiceJet towards provident fund dues, with the remaining amount under assessment. SpiceJet denies the EPFO's claim of partial recovery and states that all dues have been deposited. The airline acknowledges a lag in some deposits but affirms clearing dues as a top priority. EPFO has initiated an inquiry for penal damages and interest on delayed payments. Compliance with monthly filing deadlines is crucial to avoid interest charges of 12% per annum.
Krejcikova dug deep for victory against fourth seeded Rybakina in two hours and seven minutes on Centre Court. Krejcikova faces seventh seed Paolini on Saturday in what will be the second Grand Slam final of the 28-year-old's career after her French Open triumph in 2021.
Project 2025 is a policy document that is being attributed to the presumptive presidential nominee of the Republican party in the upcoming US Presidential Election. Donald Trump has completed distanced himself from this document which is being slammed as regressive and obsolete in the 21st century. The document has been prepared by various right wing parties who have expressed their views on issues such as abortion, climate change and a reformed federal work force.
The Platform received critical acclaim upon its release, earning nominations for three Goya Awards and winning Best Special Effects. Its exploration of societal divisions and human survival instincts resonated deeply with audiences worldwide.
Bharti Airtel's CEO, Gopal Vittal, announced that the telecom company has significantly expanded its WiFi availability across India. Previously limited, Airtel's high-speed WiFi service is now accessible in over 1,200 cities nationwide.
In a pre-budget meeting in New Delhi, Prime Minister Narendra Modi met with economists who recommended reducing import tariffs on intermediate goods, lowering interest rates, signing more free trade deals, and cutting logistics costs to boost exports. They advocated for agricultural support for farmer producer organizations (FPOs) and emphasized capital expenditure for growth, cautioning about rural inflation.
Indkal Technologies has struck a licensing agreement with Acer, enabling Acer to enter India's smartphone market. According to a joint statement on Thursday, this strategic deal marks Acer's debut with its own branded smartphones in India. Indkal plans to launch a diverse range of Acer-branded smartphones by mid-2024, aiming to capture a significant market share.
Oil Minister Hardeep Puri defended India's control over pump prices, prioritizing affordable fuel for consumers over free market principles. Speaking at an energy conference, Puri highlighted the government's commitment to ensuring availability and affordability rather than adhering strictly to global market doctrines. He expressed concerns about India's heavy reliance on imported crude and emphasized the role of the exploration and production sector in achieving energy self-sufficiency and economic growth. Читать дальше...
Top executives from Vedanta, BP India, and ONGC are urging India to ensure stable policies and lower taxes to boost oil and gas exploration. Steve Moore of Vedanta stressed the need for contract extensions and adjusted tax terms to support significant investments in enhanced oil recovery. BP India's Kartikeya Dube emphasized policy stability and suggested including natural gas in the GST. ONGC's Arun Kumar Singh highlighted their focus on exploration to ramp up domestic production amidst global shifts in oil company strategies.
A study conducted by Pew Research shows that young people are moving toward the Republican Party in big numbers and most of them are under 30. Will Donald Trump be able to keep this momentum till the polls are held on November 5?
Sasha Obama, the youngest daughter of Michelle and former President Barack Obama, has been noticed for her dedication to fitness. Influenced by her family's wellness values, Sasha's rigorous workout routine is paying off.
In the April-June quarter, India's demand for gold dropped by up to 15% compared to the previous year, largely due to soaring prices deterring consumers. With fewer auspicious wedding dates in July, jewellery sales haven't seen a significant uptick, although some regions experienced sporadic increases during the Rath Yatra festival. Gold prices have risen sharply to around ₹73,000 per 10 gm, up 15% from the beginning of 2024. Jewellers are cautiously optimistic, expecting a potential revival in demand... Читать дальше...
