To improve services at Connaught Place's Hanuman Mandir, NDMC and Union minister Piyush Goyal announced 15 enhancements. Initiatives include improved cleaning, lighting, and potential battery-operated carts. Staff numbers were increased, and efforts will focus on better queue management and overall visitor experience, especially on busy days like Tuesdays and Saturdays.
Robert Downey Jr. discussed his return to the Marvel Cinematic Universe as Doctor Doom, revealing Kevin Feige's persuasion and approval from Disney CEO Bob Iger. Downey and Feige's visit to the Imagineering Campus solidified the plan. Downey's dramatic reveal took place at San Diego Comic Con, signaling his MCU comeback.
InsuranceDekho strengthened its leadership by appointing Manish Mahajan, Sonali Mitra, Nishant Gupta, Prashant Kalaver, and Shruti Kapoor to various strategic positions. The new hires bring extensive experience to support the company's growth and service expansion. The company, part of CarDekho Group, now employs nearly 2,500 people.
JM Financial Private Equity has invested Rs 40 crore in spice brand Zoff, owned by Asquare Foods and Beverages. The company plans to use the funds for brand enhancement, capacity building, and strengthening offline distribution. With impressive revenue growth, Zoff aims to leverage this investment to accelerate its expansion plans and become a top food brand in India.
If your C-section scar is still causing pain, itching, or even an unpleasant smell a year after surgery, you're not alone.
Indoco Remedies Ltd was granted approval from the USFDA to sell its generic Lofexidine tablets, used for opioid withdrawal. This approval includes 180 days of market exclusivity. The company plans an immediate US launch, manufacturing the product in Goa. Expected sales are estimated at USD 15.59 million, with significant growth anticipated.
Quick commerce platforms like Blinkit and Instamart have begun to overshadow India's traditional kirana stores, known for their community-driven approach. Offering faster deliveries and discounts, these platforms are becoming popular among urban consumers. To stay competitive, kirana stores need to embrace digitalization, as rapid changes in consumer preferences continue to reshape the market.
So, the one thing I would say is, it is always dangerous to do in our business because so much of the capacity is open and subject to the vagaries of the spot market.
On Wednesday, Tata Motors revealed its partnership with Delta Electronics India and Thunderplus Solutions to install 250 new fast-charging stations for electric commercial vehicles in over 50 cities, including Delhi, Mumbai, and Bengaluru. This initiative aims to enhance the country's charging infrastructure, encouraging more commercial EV adoption and fostering a greener environment.
Ola Electric's S1 X 3 kWh and S1 X 4 kWh scooters received certification for the Production Linked Incentive (PLI) Scheme. The company is now the sole two-wheeler EV manufacturer to achieve PLI compliance for four products. The certification underscores Ola’s manufacturing strength and commitment to India's EV vision, with shares increasing by 4.4% on this news.
Starbucks has appointed Brian Niccol as its new CEO, starting September 9, 2024. Niccol’s compensation package includes a $1.6 million base salary, substantial performance-based bonuses, and equity awards potentially exceeding $100 million. Unusually, Starbucks will allow Niccol to work remotely from Newport Beach, California, while commuting to Seattle as required. Niccol’s past success at Chipotle and Taco Bell highlights his potential to drive Starbucks’ future growth.
There are some businesses, where challenges are present all the year around. The difference is that as you scale the business, these challenges come down and then comes the inflection point where every incremental effort delivers much better results. But ironically, the biggest challenge is to scale the business itself. So, it is a kind of chicken and egg situation. Dairy sector is one such business that is probably the reason why it took decades for the best of the dairy industry players like Amul... Читать дальше...
NEET PG 2024 Result: The National Board of Education for Medical Studies will publish the NEET PG 2024 results soon. Originally scheduled for June 23, the exam took place on August 11 due to a paper leak postponement. Over 2.2 lakh candidates appeared, and results can be accessed online. Successful candidates will qualify for various postgraduate medical courses.
Motorola, under Lenovo, has launched the Moto g45 5G in India, priced at Rs 9,999 with offers. Available for purchase from August 28, it features the Qualcomm Snapdragon 6s Gen 3 chipset, a 6.5-inch 120Hz display, 5,000mAh battery, and runs on Android 14-based HelloUI. The smartphone has a 50MP dual-camera setup, a 16MP front camera, and offers Dolby Atmos sound. It comes in two variants: 4GB RAM + 128GB storage for Rs 10,999 and 8GB RAM + 128GB storage for Rs 12,999. Introductory offers include... Читать дальше...
The financial sector’s 14.5% YoY profit growth has significantly outpaced the 2.6% YoY growth of the entire universe. This trend is consistent across Nifty 50, smallcap, midcap, and largecap stocks.
India's drone industry witnessed remarkable growth, demanding skills in UAV piloting, data analysis, and software development. Courses in robotics, aerodynamics, and programming became essential. Entry-level salaries ranged from Rs 4-8 lakh annually. The sector also favored freelance roles, offering project-based flexibility for drone pilots and analysts in various applications.
Union Minister of Commerce & Industry, Piyush Goyal, has raised alarm about the potential downsides of India's rapid e-commerce growth.
MK Surana, Former CMD of HPCL, discussed the favorable position of oil marketing companies with crude prices below $80 and improving margins. He further noted their transition to new growth areas and partnerships with EV companies, predicting promising prospects over the next three to five years despite ongoing pricing challenges.
Now, remember that the free float in these is very less because government owns 51% of the holdings and then the institutions hold some more, so the free float is very less.
Resident doctors in Delhi have staged a protest at Jantar Mantar, marking the 10th day of their indefinite strike over the alleged rape and murder of a medic in a Kolkata hospital. The protests have suspended elective services in several government hospitals across the city. Doctors from major hospitals in Delhi, along with the Federation of Resident Doctors' Associations (FORDA) and the Federation of All India Medical Associations (FAIMA), have been on an indefinite strike.
An earring vendor in Mumbai was arrested for the alleged molestation of an eight-year-old girl. Separately, a school teacher in Akola was detained for molesting six students, and two minor girls were reportedly sexually assaulted in Badlapur, sparking protests. Investigations in these cases continue.
Forcas Studio's IPO saw massive interest, with 182 times subscription, largely from retail and non-institutional investors. The company aims to raise Rs 37 crore through fresh equity shares. Proceeds will be used to upgrade the warehouse, repay debt, and meet working capital and corporate needs. The IPO price band was Rs 76-80 per share.
The company had submitted an application for settlement under Settlement Regulations in respect of the aforementioned matter with a view to avoid any protracted proceedings arising from Sebi's show cause notice, it said.
The stock traded at a P/E multiple of 64.93, while the price-to-book value ratio stood at 14.15.
