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Showing posts from November, 2024

CAT 2024 provisional answer key to be out on December 3, check official notice here

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IIM Calcutta will release the CAT 2024 provisional answer keys on December 3, 2024, at iimcat.ac.in. Candidates can check and download them from the website. Objections can be raised from December 3 to December 5, 2024, as per the official notice. This allows candidates to address discrepancies before final results are declared. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/PxMR8TJ

GDP growth slumps to 7-quarter low of 5.4%

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Gold loans grow over 50% in seven months

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Q2 GDP data disappointing, but see bright spots: Govt

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New-age cos look to reassess IPO timing

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Sensex tumbles 1,190 points, investors lose Rs 1.4 lakh crore

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Foreign investors aggressively sold Indian stocks, causing the sensex to plummet by 1,190 points to 79,044. All sensex constituents except SBI closed in the red, with investors losing Rs 1.4 lakh crore. Foreign funds were net sellers at Rs 11,756 crore. Market volatility was heightened by the expiry of derivative contracts. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/78MZvBH

Ahead of IPO, Suraksha Diagnostic collects Rs 254 crore from anchor investors

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Integrated diagnostic chain Suraksha Diagnostic Ltd raised Rs 254 crore from anchor investors before its IPO opening. The company plans to begin its Rs 846-crore public share-sale on November 29. The offering, solely an Offer for Sale, aims for a market capitalization of around Rs 2,300 crore. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5aH2QjV

Vedanta to invest $2 billion in Saudi copper projects

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No FCPA violation charge on Gautam, Sagar Adani: Group co

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Waaree Renewable Technologies bags solar project worth Rs 1,233 crore

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Waaree Renewable Technologies secured a ₹1,233.47 crore order to build a 2,012.47 MWp DC ground-mount solar PV project from a domestic renewable energy developer. The project is a significant step for Waaree in expanding its presence in the renewable energy sector. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rvJytdN

No need to apply, you will get e-version of PAN in mail ID

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Adani Green says it's not looking for fresh funds from investor Total

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Adani Green Energy stated it isn't seeking new funds from TotalEnergies after the French company paused further investments due to corruption allegations against Adani executives. TotalEnergies, a significant stakeholder in Adani Green, clarified its stance following a US indictment, emphasizing its commitment to ethical practices and awaiting clarification on the accusations. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oJB95U2

Meesho launches voicebot to cut customer support costs by one-fourth

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Meesho launched a multilingual AI voice bot for customer service, initially supporting Hindi and English, with plans to expand to six more regional languages. This move aims to reduce costs and personalize support for its diverse user base. The bot currently handles 60,000 calls daily, resolving 95% of issues and cutting average handling time by half. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/80aUYny

Adani may find it tough to tap foreign funding: Investor GQG

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GQG Partners, a major investor in Adani Group, warns that US bribery allegations against Gautam Adani could hinder the conglomerate's access to international funding. While Indian banks continue lending, GQG notes any negative government action could significantly impact the group. The US indictment alleges Adani Green employees, including Gautam Adani, bribed Indian officials for solar contracts, impacting subsequent fundraising efforts. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kdjAbga

Cabinet's Rs 30,000 crore bank guarantee relief for telecom industry

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The Indian government has provided significant financial relief to telecom companies by removing the requirement for bank guarantees on past spectrum purchases. This move, exceeding Rs 30,000 crore in relief, will particularly benefit Vodafone Idea, which faced a substantial financial burden. While aiding the industry's financial health, certain conditions ensure protection against potential payment defaults. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FlkPQ6Z

French energy giant Total puts Adani Group investments on hold

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French energy giant TotalEnergies has paused further investments in Adani Group following US bribery allegations against its founder. TotalEnergies, holding stakes in Adani's renewable energy and gas ventures, stated it was unaware of the US investigation. The company emphasized its zero-tolerance policy on corruption and clarified it wasn't directly implicated. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vP8S0VQ

Total pauses fresh investments in Adani group till air cleared

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TotalEnergies has halted further investments in the Adani Group following bribery allegations against top officials. The French energy giant stated it wasn't aware of the US investigation and will protect its interests as a minority shareholder in Adani Green Energy. TotalEnergies emphasized its existing investments were made in compliance with all laws. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Or28FSQ

'India a playbook for global solutions': Sandhya Devanathan

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Meta, under Sandhya Devanathan's leadership, experiences significant growth in India, using it as a testing ground for global products like Reels and WhatsApp Payments. Devanathan highlights India's role in product development and its enthusiastic adoption of new technologies like AI, particularly Meta's Llama platform. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/P2GrXE9

Adani US indictment: 'US regulator SEC has no jurisdiction to summon a foreign national'

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At Rs 27k crore, FPI selloff continues in November

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India invested $14 trillion since independence, over 50% in the last decade: Report

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India has experienced significant investment growth, reaching $14 trillion since independence, with $8 trillion invested in the last decade alone. This surge, driven by post-COVID economic measures and government spending, has boosted the investment-to-GDP ratio. Despite occasional short-term market fluctuations, India's stock market demonstrates resilience, yielding positive returns in 26 out of the past 33 years. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PxZfHNt

Adani US indictment: SEC issues summons to Adani Group, nephew Sagar in bribery case

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US fund Advent to sell packaging company Manjushree for $1 billion

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Why Some U.S. Colleges Are Going Test-Blind: What It Means for Applicants

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Many top U.S. colleges, including the University of California system, have adopted test-blind admissions, no longer considering SAT or ACT scores. These institutions focus on holistic factors like GPA, coursework, essays, and extracurriculars to assess applicants. This shift promotes fairness, allowing students to highlight their true potential without the pressure of standardized test scores. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/TQe0OWf

Report: 93% Indian executives see rise in cyber budget next year

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Equity investors lose Rs 5.27 lakh crore as domestic markets slump

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Indian stock markets experienced a significant downturn, mirroring the decline in Adani Group stocks following accusations of fraud and bribery in the US. The BSE Sensex plummeted over 422 points, wiping out ₹5.27 lakh crore of investor wealth. Adani Ports suffered the most, hitting the lower circuit limit. Other Adani Group stocks also witnessed substantial losses. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/d6eqQLW

Asia's local fuel imports at multi-year high in Nov

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Bitcoin surges to record high near $95,000

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Bitcoin soared to a new all-time high near $95,000, fueled by reports of a potential acquisition of crypto trading platform Bakkt by Trump's social media company. This news, coupled with Trump's pro-crypto stance, has boosted investor confidence in a less regulated crypto environment. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/R5D63ib

Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe

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Ford Motor Co. is slashing 4,000 jobs across Europe, primarily in Germany, by 2027. The automaker cites economic challenges, intensified competition, and lower-than-anticipated electric vehicle sales as reasons for the workforce reduction. Ford's European sales have declined significantly this year, mirroring the industry's struggles with shrinking markets and pressure from Chinese EV manufacturers. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iOpES5C

RBI flags governor's deepfake videos

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Sebi moots tighter SME IPO rules to lower investor risks

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To safeguard investors and enhance transparency, India's market regulator, Sebi, has put forth proposals to revamp the SME IPO framework. These include raising the minimum IPO size, increasing the application amount for investors, and mandating stricter compliance measures for listed SMEs. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8lQtXRB

Gold prices surge to Rs 78,050 per 10 grams, silver rose Rs 1,500 to 93,500 per kg

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Gold prices in India soared by Rs 600 on Tuesday, reaching Rs 78,050 per 10 grams, fueled by strong global trends and wedding-season demand. Silver also saw a significant increase, rising by Rs 1,500 to Rs 93,500 per kg. Analysts attribute the surge to geopolitical tensions, a weaker dollar, and predictions of increased central bank gold purchases. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8jsuAzp

NTPC Green Energy IPO subscribed 33% on Day 1 of offer; retail portion oversubscribed

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NTPC Green Energy Ltd's IPO received bids for a third of the shares on its first day, with the retail portion oversubscribed. The company aims to raise Rs 10,000 crore to repay debt and fund growth. It plans to expand its renewable energy capacity significantly in the coming years, including pumped hydro projects. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/avgpFxc

Indian pharma companies may benefit under Trump 2.0

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Private banks misreporting complaints as queries: Shaktikanta Das

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Tatas to buy stake in Apple partner Pegatron's India business

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India calls out developed nations for climate inaction at COP29 conference

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At COP29, India criticized developed nations for delaying climate action and failing to provide adequate financial support to developing countries. They emphasized the need for substantial financial and technological assistance to address climate change effectively, highlighting the disproportionate impact on developing nations despite their minimal contribution to greenhouse gas emissions. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TP37oaX

Haryana government orders closure of schools up to Class 5 amid rising air pollution, check details here

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The Haryana Government has ordered the temporary closure of schools up to Class 5 due to worsening air pollution. The Directorate of School Education has directed District Deputy Commissioners to ensure online classes for students in government and private schools, prioritizing health and safety amid severe AQI levels in Delhi and nearby areas. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/Q4TtJo9

AIIMS INI CET January 2025 Result declared: Check direct link here

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The All India Institute of Medical Sciences (AIIMS), Delhi, has declared the INI CET 2024 results for the January 2025 session. Candidates who took the exam can check and download their results from the official website, aiimsexams.ac.in. Candidates can check important details and the direct link here. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/iCoEAh7

McDonald's invests $100 million to recover from E. coli outbreak

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McDonald's is investing \$100 million to regain customer trust after an E. coli outbreak linked to onions in its Quarter Pounders sickened over 100 people. The outbreak, traced back to contaminated onions from a California supplier, led to the temporary removal of Quarter Pounders from some McDonald's menus. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pg6lx5Z

Royalty payment by listed companies reaches Rs 10,779 cr in FY23: Sebi study

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A new SEBI study has found that royalty payments made by listed Indian companies to related parties have more than doubled in the last decade, raising concerns about potential financial irregularities. The study analyzed 233 companies and found that in many cases, royalty payments exceeded dividends paid to shareholders, with limited transparency and justification for these payments. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6GfeNaC

Boeing appoints former Vanguard CEO Tim Buckley as new board member

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Boeing has appointed former Vanguard CEO Tim Buckley to its board, effective January 1st. Buckley, with over 30 years of experience at Vanguard, will join as the 12th director. This announcement coincides with Boeing's plan to lay off 17,000 employees by January as part of a company-wide restructuring effort to cut costs and streamline priorities. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qFsbzwU

Wholesale inflation at 4-month high of 2.4% in October

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India's wholesale price inflation surged to a four-month high of 2.4% in October, driven by a sharp rise in food prices, particularly vegetables. Vegetable prices witnessed a significant year-on-year increase of 63%, while potato prices skyrocketed by 78.7%. This surge in food inflation poses a challenge for policymakers tackling persistent price pressures. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hB9qKIk

Bringing Vistara's best to merger with AI: Chandra

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Tata Sons chairman N Chandrasekaran assures the public that Air India is on track to becoming a leading global airline, despite some initial challenges merging with Vistara. The merger, part of a larger consolidation strategy, aims to combine the best of both airlines while creating a unified and enhanced passenger experience. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/F7UABdv

U.S. College application deadlines explained: All you need to know about Early Action, Early Decision, and more

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The U.S. college admissions process requires strategic planning, with application deadlines playing a crucial role. Students can choose from Early Decision, Early Action, Regular Decision, and Rolling Admissions, each offering different timelines and commitments. Understanding these deadlines helps applicants align their ambitions and options, increasing their chances of acceptance and aiding in selecting the right path to their desired institution. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/qNIcBLW

‘Tech helped bridge Rs 52 lakh crore funding gap for MSMEs’

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The trade receivables discounting system (TReDS) is helping Indian MSMEs address delayed payments by allowing them to sell unpaid invoices to financiers at a discounted rate. This has provided much-needed cash flow and reduced financing costs, bridging the credit gap and enabling reinvestment and growth. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tpPFB81

May ease tariffs if domestic companies not hurt: Finance minister

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India's Finance Minister, Nirmala Sitharaman, hinted at the possibility of reducing certain import tariffs to support domestic industries reliant on imported materials. While acknowledging the concerns of global organizations like the IMF and World Bank regarding India's tariff rates, Sitharaman emphasized the government's commitment to safeguarding domestic production. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Fod8L65

Pokarna to invest Rs 440 crore in expanding Telangana plant capacity

Pokarna Ltd's subsidiary, PESL, is investing Rs 440 crore to expand its quartz surface production capacity in Telangana by 8.1 lakh sq mt. The expansion, to be funded through internal accruals and debt, is expected to be operational by March 2026 and will include a third Bretonstone production line. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sqVia2K

Hyundai Motor India's Q2 profit drops 17% as sales decline

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Hyundai Motor India reported a 16.5% decrease in quarterly profits, marking its first earnings report since going public. The decline was attributed to reduced domestic sales and exports. The company's overall sales volume, including exports, experienced a 9% drop, resulting in a 7.5% decline in revenue, reaching 169.61 billion rupees. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Z0evpQF

Bitcoin surges past $84,000, up $16,000 after Trump win

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Bitcoin soared past $84,000, fueled by President-elect Trump's victory and his pro-crypto stance. The digital asset market celebrated Trump's win, having invested heavily in crypto-friendly candidates. Smaller cryptocurrencies like Dogecoin also surged, driven by optimism surrounding Trump's presidency. Meanwhile, FTX sued Binance and its former CEO, alleging fraudulent fund transfers. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oidDgwO

India’s direct tax collection surges 15.4% to Rs 12.1 lakh crore by November

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India's direct tax collection witnessed a significant surge, reaching Rs 12.1 lakh crore between April 1 and November 10, reflecting a 15.41 percent increase. This growth was fueled by robust corporate and individual tax payments. Despite a substantial rise in refunds issued, net direct tax collection remained strong. The government aims to collect Rs 22. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QqKX63o

Indian fuel exports to EU jump 58%

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Coal import up 8% to 140.6 MT in April-Sept

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India's coal imports saw a 7.8% increase, reaching 140.60 million tonnes between April and September of this financial year. This rise comes despite a 10.09% dip in September's imports. The surge is attributed to robust stock positions and competitive domestic e-auctions, contributing to an anticipated moderation in overall import demand. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pRJGoyO