Xiaomi India has appointed Sudhin Mathur, former Motorola India head, as chief operating officer as it marks a decade in the country. Mathur will play a key role in shaping and executing Xiaomi's strategic vision to maintain growth momentum and achieve business goals, according to a company statement.
West Bengal CM Mamata Banerjee has invited protesting junior doctors for a meeting to resolve the RG Kar Hospital issue following the rape and murder of a doctor. The incident has led to significant public outcry and a political crisis for the ruling TMC, with widespread protests demanding justice.
The weighted average call rate, which indicates banks' overnight cost of borrowing, closed at 6.50% on Thursday, in line with the Reserve Bank of India's current repo rate, despite surplus liquidity conditions in the banking system, money market dealers said.
India is making significant strides in renewable energy, with Rajasthan and Gujarat leading the way. Rajasthan excels in solar power, while Gujarat balances both wind and solar projects. These efforts are positioning India as a global contender in sustainable energy, contributing to economic growth and climate change mitigation.
Lulu Group from the UAE plans to raise its Indian agricultural procurements to Rs 15,000 crore over the next two years. With a special focus on organic goods, the company aims for Rs 2,000 crore annually. Investments include a logistics hub in Noida and an almost complete food plant in Kashmir.
Donald Trump continues to invoke violent imagery in his speeches, suggesting future "bloody" outcomes related to his policies and potential election results.
The collective weight of the consumption-related sectors including automobiles, consumer durables, consumer services, FMCG, and telecommunications in the portfolios of foreign portfolio investors (FPIs) reached a record high 25.5% at the end of August 2024, according to data from NSDL.
Mphasis said in a regulatory filing that it has expanded its UK presence over the past years and looks to double the headcount over the next three years through the London innovation hub. While the exact headcount in UK was uncertain, Mphasis employed a total workforce at 31,645 as of June end, down by 1,019 employees from the March quarter.
In addition to R&D, the new Hyderabad office will also play a pivotal role in supporting Planful's global back-office operations, the company said. By the end of 2025, the company plans to have more than doubled the annual investment since 2020 and will continue to add employees across multiple departments including R&D, the customer support team, marketing, and G&A (general and administrative), added the firm.
Kamala Harris is reportedly taking intensive acting lessons to prepare for her debate against Donald Trump, according to Trump's aide Tulsi Gabbard. The debate will be held in Philadelphia and broadcast live on ABC and other platforms. Both candidates are focusing on Pennsylvania, a key swing state.
The government is developing a policy to link vehicle scrapping to fitness levels, including emissions, rather than age. This aims to remove only poorly maintained vehicles. The Ministry of Road Transport & Highways seeks industry input on making pollution certificates more reliable. The Vehicle Scrappage Policy 2021 saw limited success with 120,000 vehicles scrapped so far.
The government has received investment proposals worth Rs 75,000 crore under the auto PLI scheme, with Rs 18,000 crore already invested. The scheme has created around 30,000 jobs. The focus is now on developing charging infrastructure integrated with renewable energy to support electric mobility and sustainability goals.
The platform, two years in the making, will initially run on Amazon Web Services (AWS) infrastructure and possibly later on Google Cloud Platform, company officials said.
The EV Mitra allows users to personalise their experience, provides information about charging stations, including location, availability and amenities, ensures secure access via OTP or RFID and enables users to reserve chargers and view their booking history. It offers multiple payment options too.
The Indian government is committed to reducing the budget deficit despite coalition governance challenges. Fitch Ratings noted that India prefers fiscal consolidation over additional spending, with a lowered fiscal deficit target of 4.9% for the current fiscal year. The debt-to-GDP ratio is expected to fall between 2024 and 2026.
Oracle shares rose more than 10% on Tuesday as a push to embed AI into its cloud service products boosted its first-quarter results and helped it narrow the gap with market leaders.
RS Sharma, former TRAI chief and NHA CEO, has been appointed as the non-executive chairperson of the Open Network for Digital Commerce (ONDC). The ONDC aims to digitize the value chain and promote open networks. Sharma's extensive experience in IT and administrative reforms is expected to boost open commerce between entities.
Maldivian President Mohamed Muizzu will visit India soon, as announced by his spokesperson. This comes after two junior ministers resigned for derogatory comments against Prime Minister Narendra Modi. Muizzu's relationship with India has been strained since he took office, but recent talks aim to strengthen ties between the two nations.
The Department of Telecommunications (DoT) has streamlined the approval process for experimental and demonstration licenses, introducing fixed timelines. Companies can now get approvals for license-exempt wireless devices on a self-certification basis. These changes aim to reduce delays and simplify regulatory requirements in the telecom sector, enhancing ease of doing business.
The Noida Traffic Police has issued a traffic advisory ahead of SEMICON India 2024, set to commence in Greater Noida. The three-day event will feature global semiconductor giants and be inaugurated by Prime Minister Narendra Modi. Several routes will be diverted to manage the anticipated VVIP movement and traffic disruptions.
HBO is casting for a new 'Harry Potter' TV series based on J.K. Rowling's books. The search targets children aged 9-11 in the UK and Ireland, emphasizing inclusive casting. Applicants must submit two self-taped videos by October 31. Filming will occur between 2025 and 2026, with each season covering one book.
Wall Street's main indexes opened higher on Tuesday ahead of key inflation data later this week that could firm up bets on the size of the interest rate cut that the Federal Reserve is expected to deliver on Sept. 18.
The initial share sale of Vision Infra Equipment Solutions garnered a whopping 63.30 times subscription on the closing day of bidding on Tuesday. The Rs 106.21 crore initial public offering (IPO) received bids for 29,51,36,000 shares against 46,62,400 shares for offer, the NSE data showed.
Several companies are interested in acquiring Hindustan Unilever's ice-cream business, which includes brands like Kwality Wall's and Magnum. HUL is setting up an independent committee to evaluate the future of this segment. The Indian ice-cream market is growing rapidly due to rising disposable incomes and innovative products.
