Novo Nordisk, the Danish pharmaceutical company known for its popular weight-loss drug Wegovy, is scaling up its operations in India to meet rising global demand. The company plans to double its senior leadership team in India and increase its total workforce by 16%, bringing its headcount to 5,000 by next year. This move underscores India’s […]
The Indian rupee recently reached a historic low, falling by 0.12 to trade at 84.09 against the US dollar. This decline is largely attributed to surging crude oil prices and escalating geopolitical tensions in the Middle East. The US dollar’s strength, with the dollar index rising from $100.50 to $102.40, has also added pressure on […]
Ratan Tata was much more than a business icon. His vision and humanity were demonstrated in the work of several charities he founded and nurtured during his life, said former Prime Minister Manmohan Singh. “Tata had the courage to speak truth to the men in power, a testament to his integrity and commitment to ethical […]
Prime Minister Narendra Modi expressed profound sorrow on Thursday following the demise of Ratan Tata, Chairman Emeritus of Tata Sons, who passed away at Mumbai’s Breach Candy Hospital due to age-related health issues. Sharing his condolences on X (formerly Twitter), the Prime Minister wrote, “My mind is filled with countless interactions with Shri Ratan Tata […]
Ratan Naval Tata, the iconic Chairman Emeritus of Tata Sons and a towering figure in Indian business, has passed away at the age of 86. Tata died earlier today at Mumbai’s Breach Candy Hospital after battling age-related health issues. Tata’s hospitalization on Monday had prompted widespread speculation about his health. Although he issued a statement […]
Google DeepMind researchers Demis Hassabis and John M. Jumper, along with Professor David Baker from Washington University, have been awarded the 2024 Nobel Prize in Chemistry for groundbreaking work in protein design and structure prediction. The Royal Swedish Academy of Sciences made the announcement on Wednesday, recognizing their contributions to solving key challenges in the […]
As per the latest Reuters/Ipsos poll, Democratic Vice President Kamala Harris is leading Republican Donald Trump by a narrow margin of 46% to 43% in the 2024 U.S. presidential election, reflecting the sentiments of voters as the November 5, 2024 vote is nearing. The poll reveals that voters consider the economy as the top issue facing […]
Indian stock markets opened higher on Wednesday, with gains led by the information technology and pharmaceutical sectors as investors anticipated the Reserve Bank of India’s (RBI) monetary policy decision, expecting the central bank to hold interest rates steady. As of 9:44 a.m. IST, the Nifty 50 index rose by 0.25% to 25,073 points, while the […]
In a pivotal move, the Reserve Bank of India (RBI) has kept its benchmark interest rates unchanged at 6.5%, but shifted its policy stance to neutral, signaling a potential rate cut in December. The announcement came after a three-day monetary policy committee (MPC) meeting that concluded today. Five out of the six members of the […]
Bengaluru, Oct 8 – Dozee, a leading Indian health-tech company, has introduced a breakthrough service for non-resident Indians (NRIs) to monitor their parents’ health remotely in real-time. The new offering, Dozee Shravan, is an AI-powered Remote Parent Monitoring (RPM) solution, designed to alleviate the concerns of NRIs who struggle to manage their elderly parents’ health […]
Ride-hailing giants Ola and Uber, along with logistics company Porter, offer poor working conditions for gig workers, according to a report released on Tuesday. The report by Bengaluru-based Fairwork India highlights the concerning labor standards within India’s platform economy, stressing the urgent need for improvements in the working conditions of gig workers. The report reveals […]
Ola Electric, once hailed as a trailblazer in India’s electric vehicle (EV) market, is now grappling with a host of challenges that threaten to derail its success. From a show-cause notice issued by the Central Consumer Protection Authority (CCPA) to a flurry of customer complaints and a sharp decline in stock prices, the company is […]
The Securities and Exchange Board of India (SEBI) has given its nod for the initial public offering (IPO) of the National Securities Depository Ltd (NSDL), India’s largest depository. This approval marks a significant milestone for the country’s financial market infrastructure. SEBI issued an observation on September 30, indicating a green light for the IPO. In […]
Airtel is likely to acquire Tata Play at a valuation comparable to the recent deal with Temasek, sources close to the matter revealed. Initially, Tata Play had planned for an initial public offering (IPO) and even filed for one in 2022, but the plan was shelved last August. Launched in 2006, Tata Play currently boasts […]
India’s equity markets opened higher on Tuesday, buoyed by strong performances in banking stocks and gains in UltraTech Cement, NTPC, and L&T among others on the BSE benchmark index. By 9:59 a.m., the Sensex had risen by 258 points or 0.32% to 81,308, while the Nifty climbed 58.20 points or 0.23% to 24,853. Leading the […]
Hero Motors Ltd, a subsidiary of two-wheeler giant Hero Motors Company (HMC) Group, has unexpectedly withdrawn its Rs 900 crore initial public offering (IPO), according to a regulatory update from the Securities and Exchange Board of India (SEBI) on Monday. The sudden move is sending ripples through the automotive and financial sectors. Hero Motors had […]
In a recent appearance on the popular podcast Call Her Daddy, Vice President Kamala Harris addressed criticism from Arkansas Governor Sarah Huckabee Sanders, who questioned Harris’ understanding of family due to her lack of biological children. Harris firmly rejected the criticism, stating that families take many forms, rooted not just in blood but in love. […]
In a shift in the legal information landscape, Thomson Reuters, the multinational media conglomerate, has announced that it is selling its FindLaw business to Internet Brands. FindLaw, a prominent player in the online legal information sector, offers a wide array of resources including legal news, blogs, and comprehensive information on state and federal laws. The […]
India’s real estate sector, already the second-largest employer after agriculture, is on track to become the country’s leading job creator, according to industry leaders. With a compound annual growth rate (CAGR) of 18.7 percent, the sector is seeing unprecedented expansion, making it a key hub for young talent. The real estate industry is booming in […]
The Biden administration has announced a significant shift in its immigration policy as the U.S. Department of Homeland Security (DHS) said that it will not renew a temporary humanitarian entry program for hundreds of thousands of migrants who have U.S. sponsors and entered the country in recent years. The program, known as the parole program, […]