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3% Increase in Dearness Allowance for Government Employees Approved Ahead of Diwali

16 Oct 2024 14:16 PM IST

The central government has approved a 3% increase in the dearness allowance (DA) for its more than one crore employees and pensioners, raising it from 38% to 45%. This decision was made during a cabinet meeting today, just weeks before Diwali, providing significant relief to government employees during the festive

TV Narendran Becomes Second Indian to Lead World Steel Association, Marking Historic Moment for Tata Steel After Ratan Tata’s Passing

16 Oct 2024 14:09 PM IST

The World Steel Association (worldsteel) has elected Tata Steel’s Managing Director and CEO, TV Narendran, as its new chairman, marking him as the second Indian to hold the position after JSW Group Chairman Sajjan Jindal, who was elected in 2021. The announcement was made by the global body on Tuesday.

Elon Musk Responds to Meme Featuring Mukesh Ambani Amid Spectrum Clash

16 Oct 2024 14:04 PM IST

Elon Musk has entered the fray in the battle for satellite broadband spectrum allocation in India, responding to a meme that features Mukesh Ambani, chairman of Reliance Industries. The competition between the two billionaires has intensified as they vie for control over this lucrative market. Musk, the CEO of SpaceX,

Nifty Holds Above 25,000 Amid Ongoing FII Selling, Supported by DIIs

16 Oct 2024 10:06 AM IST

The Indian stock market opened to selling pressure on Wednesday, with both major indices experiencing a slight dip. The Nifty 50 index began the day at 25,008.55 points, down by 48.80 points or 0.19%, while the BSE Sensex opened at 81,646 points, losing 173 points or 0.21%. Market experts noted

India-UAE JC Meeting: Focus on Bilateral Trade Growth and Targeting USD 100 Billion Non-Oil Trade by 2030

15 Oct 2024 19:56 PM IST

The second meeting of the Joint Committee (JC) under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) emphasized the significant growth in bilateral trade since the agreement’s implementation. Both India and the UAE expressed optimism about achieving their target of USD 100 billion in non-oil trade by 2030, with hopes of

PM Modi Advocates for Global AI and Data Privacy Standards at IMC 2024

15 Oct 2024 15:25 PM IST

During the inauguration of the India Mobile Congress 2024, Prime Minister Narendra Modi emphasized the need for global standards in artificial intelligence (AI) and data privacy. He urged industry leaders, tech innovators, and startups to establish a unified framework that respects the diverse contexts of different countries. Modi stated, “We

Hyundai Motor India’s IPO Launch Sees Strong Initial Response, Aims to Set New Record

15 Oct 2024 14:24 PM IST

Hyundai Motor India’s ₹27,870-crore initial public offering (IPO) received a steady response on its first day of subscription, with 10% of the overall offer subscribed within the first two hours. As of 12:20 PM on October 15, the retail portion was 17% subscribed, with retail investors placing bids for 84

88% of Rural Women Adopting Jan Suraksha Insurance: Women’s World Banking Report

15 Oct 2024 14:10 PM IST

Women’s World Banking (WWB) has released a comprehensive report highlighting the crucial role of Jan Suraksha schemes in enhancing financial resilience for rural women across India. The report draws on data collected from 912 Pradhan Mantri Jan Dhan Yojana (PMJDY) customers in Jharkhand, West Bengal, Assam, and Tamil Nadu. According

Nvidia On Track To Overtake Apple As World’s Most Valuable Comapny

15 Oct 2024 06:17 AM IST

Shares of Nvidia surged on Monday, nearing record highs and positioning the leading AI chipmaker to potentially surpass Apple as the world’s most valuable company. Boosted by investor confidence in the demand for its upcoming Blackwell AI processors, the Santa Clara, California-based company’s stock rose 2.8% to $138.57, just shy

India Set to Achieve 20% Ethanol Blending Target Ahead of Deadline: Hardeep Puri at CII Bioenergy Summit

14 Oct 2024 19:49 PM IST

India is poised to achieve its 20% ethanol blending target well before the revised deadline of October 2025, according to Hardeep Singh Puri, Minister for Petroleum & Natural Gas. Speaking at the “12th CII Bioenergy Summit 2024” in New Delhi, Puri attributed this progress to proactive government policies. The original

Indian Conglomerates Set for $800 Billion Investment Surge: S&P Global Ratings

14 Oct 2024 15:27 PM IST

Indian conglomerates are preparing for a significant investment surge, with projected capital commitments reaching approximately $800 billion over the next decade, according to a recent report by S&P Global Ratings. This planned expenditure is nearly three times the amount invested by these large business groups in the previous ten years,

Domestic Mutual Funds Increase Stake in Paytm by 1% in Q2 FY25

14 Oct 2024 14:05 PM IST

Domestic institutional investors, led by mutual funds, have expanded their stake in Indian fintech giant Paytm. According to the latest shareholding data filed by the company, mutual funds have increased their stake by 1% in the second quarter of FY25. Mirae Asset and Nippon Mutual Funds are the key players

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