The ET Excellence Awards Telangana-2024, held on June 27, honoured outstanding achievements across multiple sectors. Hosted by Neha Gupta and featuring chief guest Suniel Shetty, the event celebrated innovation and progress in Hyderabad. The evening included a traditional dance, awards presentation, and a performance by 'Safar: The band'.
Trinamool MP Saugata Roy criticized Finance Minister Nirmala Sitharaman's Budget, claiming it lacked originality and was guided by the Prime Minister's Office. He noted that the budget favored Andhra Pradesh and Bihar, terming it the 'Andhra-Bihar' Budget. Roy argued Sitharaman is not an economist and compared her unfavorably to former finance ministers Manmohan Singh and P. Chidambaram.
The rupee strengthened moderately on Thursday, before touching a new low of 83.72, due to weaker dollar index, stronger Asian currencies like the Chinese yuan and Japanese yen and likely intervention from the Reserve Bank of India.
When Dr. Shyamala Gopalan moved from a southern Indian state to the US, little did she know that a time would come when her daughter would emerge as the top contender for the Democrat ticket for the US Presidential Election. Kamala Harris is most likely to take on Republican candidate Donald Trump.
Markets regulator Sebi on Thursday proposed guidelines for credit rating agencies (CRAs) to include detailed reasons for rating actions, especially in cases of default and upgrades of default ratings. In its consultation paper, the regulator has recommended removing "technical default" from policies due to potential negative market signals and covenant triggers.
The bank has received its board approval for applying for the coveted license. The board has also formed a committee of directors to vet the application. The committee includes chairman HR Khan, independent directors Pushpinder Singh and MS Sriram and managing director Sanjay Agarwal.
4oUniqus’ Tech Consulting practice will offer four core solutions: digitisation & automation, data & analytics, artificial intelligence & machine learning, and technology & cyber risk. This practice will be supported by Uniqus’ current and future proprietary tech products, including UniQuest (an AI-powered research tool) and ESG UniVerse (a cloud-based ESG solution).
India is withholding its signature from the global corporate tax deal, particularly on "Pillar 1", due to unresolved concerns over dispute resolution and withholding tax treatment, according to a finance ministry official. The deal aims to replace unilateral digital services taxes and share taxing rights on multinational firms like Google, Amazon, and Apple.
CrowdStrike, the cybersecurity firm that works for Microsoft's overall cyber protection for its applications and services, has revealed some major details around what led to the massive global IT outage, that affected businesses and services all across the globe.
Qifa, a digital platform, highlighted to Reuters that increased use of digital assets in cross-border settlements between Russia and China is easing payment issues exacerbated by sanctions-related delays. Originally focusing on importing Chinese goods to Russia, Qifa now facilitates bilateral trade amid stricter compliance from Chinese banks fearing U.S. sanctions.
The government eased norms for the Export Promotion Capital Goods (EPCG) scheme to boost ease of doing business. Licence holders now have three years to submit a certificate from customs authorities confirming machine installation after importing. Earlier, they had only six months.
The money came from the Singularity Early Opportunities Fund, Narendra Rathi of the SoftBank Vision Fund, and Sulabh Arya of Goldman Sachs Growth Equity, among others. The deal was done at a valuation of $30 million post-money.
U.S. indexes opened steady on Thursday, buoyed by robust economic growth data following a downturn influenced by megacap stocks the previous day. The Dow fell slightly to 39,828.63, the S&P 500 edged up to 5,428.70, and the Nasdaq rose to 17,352.64 at the opening bell.
Adani Energy Solutions (AESL), formerly Adani Transmission Ltd, on Thursday, reported a consolidated net loss of Rs 1191 crore against a profit of Rs 182 crore for the quarter ended June 30. The loss was on account of an exceptional item.
In May last year, the early-stage venture that focuses on insurance for startups, raised $400,000 in its first round of funding, led by Antler, with participation from Shastra VC (formerly Veda VC).
On July 30, the INDIA bloc will rally at Jantar Mantar to highlight Delhi CM Arvind Kejriwal's deteriorating health in Tihar jail, as reported by the Aam Aadmi Party (AAP). The AAP accuses the BJP of "conspiring to kill" Kejriwal and cites his medical issues as evidence.
Lower provisions helped state-owned Canara Bank to report a 10.5% rise in net profit for the June quarter at Rs 3905 crore against Rs 3535 crore seen in the year-ago quarter.
The Lok Sabha was informed that 23,811 people had received ownership rights for their properties under the PM-UDAY scheme as of July 16. A total of 1,22,729 applications were received. Additionally, the Delhi Development Authority disbursed Rs 2,173.81 crore for projects under the Urban Development Fund over the last five years.
As planets cool and contract over their lifetime, they become significantly fainter and, therefore, harder to image, they said. The US space agency has confirmed the existence of about 5,000 of the billion exoplanets in our galaxy. Orbiting the star Epsilon Indi A, Epsilon Indi Ab has been dubbed a "super-Jupiter".
The two record-breaking highs in global surface air temperatures in a single week underscored the continuous increase brought on by climate change. Both natural and human factors are contributing to the warming trend, which is causing extreme heatwaves and the health hazards they bring.
Indian Cyber Crime Coordination Centre (I4C) has shut down 379 illegal loan websites to support the government’s crackdown on financial fraud. This and more in today’s ETtech Top 5.
Realty major DLF Ltd on Thursday reported 23% growth in its consolidated net profit at Rs 646 crore for the first quarter. It was Rs 527 crore in the last year quarter.
The announcement that Bridgerton Season 4 will focus on Benedict Bridgerton has thrilled fans, providing intriguing hints about the show's direction for Seasons 5 and 6.
Apple's total shipments for the quarter ending in June stood at 9.7 million units, down from 10.4 million units in the same quarter last year, Canalys data shows.
Vedanta Resources Ltd's rating upgraded from 'CCC+' to 'B' by S&P Global Ratings due to improved capital structure and liquidity. They have internal resources to meet debt maturities until December 2025. Vedanta also raised around USD 500 million by selling a stake in its subsidiary Vedanta Ltd. S&P maintained a stable outlook, projecting stronger earnings.
