Equities market was falling sharply on Friday during the afternoon trade due to heavy sell-off in IT, PSU Banks, Auto stocks following weak Asian markets on concerns of global recession, dealers said. At 2.10 p.m., Sensex was down 1050.03 points or 1.75 per cent at 58,883.98, and Nifty was trading 326.56 points or 1.83 per cent lower at 17,550.85. Mahindra ...

Indian billionaire Gautam Adani has now become the world’s second richest man, replacing Bernard Arnault on the Forbes list with a net worth of $155.5 billion. The revised Forbes Real Time Billionaires List says Adani’s net worth rose by $5.2 billion, or by 3.49 per cent and slidly ahead of French tycoon Bernard Arnault and Amazon founder Jeff Bezos. Tesla ...

New Delhi, Sep 16 (IANS) After six stressful and tough learning months, Byju Raveendran is back in the game, consolidating the loss-making acquisitions like WhiteHat Jr and optimising the rest, while doubling down on opening more physical tuition centres. According to him, “the worst is finally over” and there is only “growth ahead” as seen in the company’s FY22 financial results. ...

New Delhi, Sep 16 (IANS) Aiming to facilitate the ease of doing business and reduce compliance burden on small companies, the Ministry of Corporate Affairs has revised the threshold for paid up capital for such companies. The government has taken several measures in the recent past towards ease of doing business and ease of living for the corporations. These included decriminalisation ...

Washington, Sep 16 (IANS) The Lina Khan-led Federal Trade Commission (FTC) in the US has announced a new policy to tame gig economy companies and platforms in order to protect all kinds of delivery partners/online cab drivers from unfair contracts, pay and hours. The FTC approved a new policy by a 3-2 vote, saying that “protecting these workers from unfair, deceptive, ...

  Hong Kong, Sep 16 (IANS) Chinese conglomerate Tencent has laid off all of the editorial staff at Fanbyte, an online gaming publication owned by it. Some of the staff members at Fanbyte posted their ordeal on Twitter, saying the website’s editor-in-chief, head of media, features editor, social editor, news editor, graphic designer, podcast producer and authors were sacked. “Fanbyte employees ...

Chandigarh, Sep 16 (IANS) The Indian Railway Catering and Tourism Corporation (IRCTC), a public sector undertaking under the Ministry of Railways, is causing loss to the exchequer by not issuing invoice to the consumers for eatables sold within trains, a tax consultant said on Friday. In a letter to Union Finance Minister Nirmala Sitharaman, Chandigarh-based tax consultant Ajay Jagga said the ...

An Ahmedabad citizen got a lottery of not a few hundreds or lakhs, but Rs 11,677 crore in his demat account only to be taken back in a few hours. The money was in his account for more than eight hours. Ramesh Sagar has been investing in the stock market for the last five to six years. A year ago, ...

Sep 15 (IANS) Cloud major Oracle on Thursday said its India business saw a tremendous growth in the first quarter of FY23, with the Oracle Cloud Unit (OCI) clocking over 100 per cent growth (year-on-year) for the third year in a row. In India, the OCI is growing at 25 per cent quarter on quarter (QoQ) and the company has clocked ...

The Prime Minister, Narendra Modi has met the King of Bhutan, Jigme Khesar Namgyel Wangchuck in New Delhi today. Both the dignitaries have discussed the various ideas to further strengthen the close and unique India-Bhutan friendship. Shri Modi has also conveyed his appreciation for the guiding vision provided by successive Druk Gyalpos in shaping  relations between India and Bhutan.” In ...

As the issue of moonlighting or working elsewhere to make extra money in India is plaguing many tech giants after the Work From Home concession that entailed tech employees work remotely, several Indian tech giants are facing the challenge to keep their workforce committed and focused. The ethical issue has been raised by tech services giant Infosys first, followed by ...

Jakarta, Sep 14 (IANS) Representatives of G20 countries have agreed to introduce an assessment instrument to measure how far each country’s policies have accommodated the needs of people with disabilities. The agreement was concluded at the Sixth G20 Employment Working Group (EWG) meeting in Bali, which mainly discussed inclusive job opportunities. “We aim to ensure that workers with disabilities could have ...

A new bank scam has come into light before a Delhi court which on Tuesday ordered a court-monitored investigation. The scam involving among other public sector banks, the State Bank of India, runs into Rs 800 crore, allegedly involving an infrastructure company director. The FIR in this regard was registered by the Delhi Police’s Economic Offences Wing (EOW) and Chief ...

Hyderabad, Sep 13 (IANS) Jennifer Larson is the new Consul General of the US in Hyderabad. She previously served as Deputy Principal Officer at the US Consulate General in Mumbai and as Acting Deputy Assistant Secretary for India. “I couldn’t be more excited to be here in Hyderabad. I’ve spent the last five years working on the US-India relationship from Mumbai ...

New Delhi, Sep 13 (IANS) India has listed its priorities ahead of assuming the G20 Presidency for a year from December 1, 2022 to November 30, 2023. In a statement on Tuesday, the Ministry of External Affairs said: “Our G20 priorities are in the process of being firmed up, ongoing conversations inter alia revolve around: Inclusive, equitable and sustainable growth; LiFE ...

Kolkata, Sep 12 (IANS) West Bengal Chief Minister Mamata Banerjee on Monday afternoon claimed that Tata Group will invest Rs 600 crore in Jalpaiguri district shortly. Although she made this claim at an event to hand over appointment letters to various beneficiaries under ‘Utkarsh Bangla’, a skill development scheme of the state government on Monday afternoon, she did not divulge any ...

After the simultaneous search and seizure operations conducted by the Ministry of Corporate Affairs on 8th Sept. 2022, on the offices of Jillian Consultants India Private Ltd, a wholly owned subsidiary of Jilian Hong Kong Ltd., at Gurgaon, Fininty Pvt Ltd at Bangalore and Husys Consulting Ltd, an erstwhile listed company at Hyderabad, the Serious Fraud Investigation Office (SFIO) has arrested ...

Amid ongoing economic crisis with skyrocketing inflation and dollar crunch, Sri Lanka will get Indian loan assistance to print text books for school children for the year 2023. Education Minister Susil Premejanatha said that steps have been taken to import raw materials including papers and ink required for textbook printing under Indian credit line for 2023 education year starting from next ...

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired a meeting yesterday to discuss the various issues related to “Illegal Loan Apps” outside the regular banking channels. The meeting was attended by the Finance Secretary, Ministry of Finance; Secretary, Economic Affairs; Secretary, Revenue, & Corporate Affairs (Addl. Charge); Secretary, Financial Services; Secretary, Electronics & Information technology; Deputy Governor, ...

Cyrus P. Mistry, 54, a scion of the Shapoorji Pallonji Group and former Chairman of Tata Group, was killed in a road accident in Palghar on Sunday afternoon, sending shock waves across the Mumbai circle of businesses and on the future of SP Group’s stake in Tata Sons. He is survived by his wife, two children and a sister and ...