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Big crackdown on unauthorised use of PAN card details! Here’s what the government is doing
Big crackdown on PAN details unauthorised use! The government is taking action against tech companies using citizen's data in an unauthorised way.Many companies were using PAN numbers to access personal information like addresses and phone numbers.
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Data & device security in focus as AI makes inroads
At the HP Imagine 2024 event, HP President Alex Cho addressed concerns about AI's impact on jobs and security. He emphasized that AI enhances work capacity and benefits companies that utilize it. HP showcased AI-driven security features in its devices, including deepfake detection and remote recovery, to combat evolving cyber threats.
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At WTO, India, Pak join hands on public stocking of grains
India, Pakistan, and Sri Lanka have joined forces to challenge the World Trade Organization's approach to agricultural trade negotiations. The three nations argue that critical issues like public stockholding of food grains and safeguard measures against agricultural imports should be addressed within the established committee structure. They oppose the proposed "facilitator-led" process, citing a lack of consensus and concerns that it undermines the interests of developing countries.
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Swiggy raises over Rs5,000cr from anchor investors
Swiggy secured Rs 5,085 crore from anchor investors, including major domestic and international institutions, ahead of its IPO.The anchor book saw strong participation from leading mutual funds, insurance companies, and global investors, setting the stage for its Rs 11,327 crore public offering opening on November 6th.
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Salesforce India FY24 revenue up 36% at over $1bn
Salesforce India's revenue soared by 36% to reach $1 billion in FY24, fueled by digital transformation and AI adoption. The company, which doubled its workforce in two years, plans to open a flagship India office in Bengaluru by 2026, featuring centers of excellence in AI and emerging technologies.
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Xiaomi India head resigns amid biz challenges
Xiaomi India head Muralikrishnan B has resigned to pursue academic research, after a tumultuous period for the smartphone maker.Murali, who joined in 2018 and became president in 2022, oversaw Xiaomi's fluctuating market share amidst competition and regulatory hurdles. While briefly regaining the top spot in Q2 2024, Xiaomi fell behind rivals like Vivo by Q3.
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Government to divest 2.5% in Hind Zinc, eyes 5k cr
The Indian government is selling up to 2.5% of its stake in Hindustan Zinc, aiming to raise around ₹5,330 crore. The sale, through an offer for sale (OFS), starts on November 6th for institutional investors and high-net-worth individuals, with retail investors able to participate from November 7th. The floor price is set at ₹505 per share, a 10% discount.
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For Unilever, India is not just a mkt, it's much bigger: CEO
Unilever CEO Hein Schumacher sees India as a crucial hub for growth, talent, and R&D. He acknowledges short-term challenges in Asian markets but remains optimistic about India's long-term potential. Schumacher emphasizes Unilever's focus on premiumization, innovation, and adapting to evolving consumer trends like quick commerce. He outlines a strategy for navigating inflation, supply chain disruptions, and competition from private labels.
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Sensex soars 1,200 pts from day’s low despite FPI selling
The Sensex staged a remarkable recovery on Tuesday, surging nearly 700 points after plunging over 1,200 points earlier in the day.This volatile session saw banking and metal stocks leading the rally, fueled by speculative buying and short covering. Despite heavy selling by foreign investors, domestic funds provided crucial support, buoyed by positive domestic economic indicators.
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Swiggy targets $11.3 billion valuation with upcoming IPO launch on November 6; know all about it
Swiggy, the food delivery and quick-commerce company, is gearing up for its IPO, aiming for a valuation of $11.3 billion. The IPO will open for subscription from November 6 to 8, with a price band of Rs 371-390 per share. The company plans to utilize the proceeds for debt repayment, expansion of its quick commerce network, and technology enhancement.
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Stock Markets Rebound On Value Buying In Banking, Steel Shares; Sensex Jumps 694 Points
Bouncing back from Monday's sharp fall, the BSE Sensex jumped 694.39 points or 0.88 per cent to settle at 79,476.63. During the day, it soared 740.89 points or 0.94 per cent to 79,523.13.
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Chhath Puja Travel: Delhi-Patna Airfare May Cost As Much As Dubai Flight
While, on one hand unprecedented rush of passengers has made train journey extremely difficult, going home by flight during Chhath is proving to be an exorbitantly expensive affair.
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Know Sharda Sinha’s Net Worth, Education And Other Details
Padma Bhushan awardee Sharda Sinha, Born on October 1, 1952, in Bihar's Hulas district, is known for her folk songs in Bhojpuri and Maithili.
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Chhath puja 2024 bank holidays: Banks closed up to 4 days in some states from November 7 to 10 - check list
Chhath puja 2024 bank holidays: Multiple states in India will observe bank holidays for Chhath Puja celebrations from November 7-10, 2024. November will see numerous bank holidays due to various festivals including Diwali Amavasya, Guru Nanak Jayanti, and Kannada Rajyothsava, as per the RBI.
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Govt Takes Big Steps To Control Prices Of Rice, Wheat; Launches Phase 2 Of Subsidised Bharat Atta, Rice
As part of the government’s policy to keep inflation under control, Bharat Atta is being made available to consumers at MRP of Rs 30 per kg and Bharat Rice at MRP of Rs 34 per kg.
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Boost for Indian Army firepower! Bharat Forge, Tata likely to bag Rs 7,000 crore deal for DRDO-made advanced towed artillery gun systems
Bharat Forge has emerged as the lowest bidder for a Rs 7,000 crore contract to supply the Indian Army with advanced towed artillery gun systems (ATAGS). The contract will likely be split between Bharat Forge and Tata Advanced Systems Ltd.
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Make Contributions To NPS Account Through PhonePe App --Check Steps
National Pension System: Previously, users could only make contributions towards their NPS accounts through the websites of PFRDA, NSDL, CAMs, KFintech and Banks.
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Chhath Puja 2024 Bank Holiday: Check Dates, List Of Cities Where Branches Are Closed
Bank branches in several states will be closed for 4 straight days owing to regional festivities and RBI holiday list.
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Is the gold bull run nearing its end? Why you shouldn’t go overboard in buying gold for investment
Gold has outshined the Nifty 50 index, but financial experts advise against chasing its gains. They predict a potential slowdown in gold's growth and recommend a balanced portfolio instead of increasing gold allocations.
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Latest ICICI Credit Card Rules 2024: THESE Changes Will Kick In From November 15
Check out new rules that will be applicable from November 15 for ICICI Credit Card holders.
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Himachal CM Urges Railways To Convert Kalka-Shimla Line To Green Energy-Powered Route
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Monday urged the Ministry of Railways to explore the possibility of running trains on the Kalka-Shimla railway, a UNESCO World Heritage site, on green hydrogen.
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Stock market today: BSE Sensex flat in opening trade; Nifty50 near 24,000
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red in trade on Tuesday after Monday’s’ crash. While BSE Sensex dipped over 200 points, Nifty50 was shy of 24,000.
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Stock market today: BSE Sensex ends 694 points up; Nifty closes above 24,200
Stock market today: The NSE Nifty 50 climbed 0.91% to 24,213.3, and BSE Sensex increased 0.88% to 79,476.63. Both indices initially declined 0.6% during trading but recovered in the final two hours of the session.
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New Family Pension Rules: Govt Clarifies On Deletion Of Daughter's Name In List Of Family Pension Members
After the demise of the government servant pensioner/family pensioner, who among children have the first right to pension?
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Western Railway Runs 104 Special Trains From Udhna In Surat To Cater To Passenger Rush For Chhath
Special Trains: Western Railway ran 104 special trains from Udhna junction to cater to the huge rush of passengers going to Uttar Pradesh and other states for Chhath celebrations from Gujarat's Surat district, an official said on Monday.
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Sebi asks Embassy to suspend its CEO over Coffee Day ban
The Securities and Exchange Board of India (SEBI) has ordered Embassy Office Parks Management Services to suspend its CEO, Aravind Maiya, due to his previous involvement in a financial scandal at Coffee Day Enterprises. SEBI's decision stems from an order by the National Financial Reporting Authority (NFRA) that barred Maiya from auditing for his role in the Coffee Day scandal.
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More pain in store as FMCG prices inch up
FMCG companies in India are raising prices due to increased commodity costs, putting pressure on middle-class budgets already strained by festive spending. While this boosts company profits, it slows volume growth as urban consumers cut back and rural spending doesn't fully compensate. Companies anticipate further price hikes as they monitor inflation and consumer demand.
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Rising defaults in small loans signal pain for Indian stocks, economy
Retail-loan defaults are increasing in India. This is impacting the stock market. Analysts are concerned about the impact on the economy. Lenders are reporting stress in unsecured loans. Personal loan growth is slowing down. The Reserve Bank of India had tightened lending norms.Demand for big-ticket items is also slowing down.
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US election uncertainty pulls down sensex by 942 points
Indian stock markets tumbled on Monday, with the Sensex and Nifty experiencing their lowest close in three months.This decline was fueled by global uncertainties surrounding the US election and weak corporate earnings. Foreign investors continued selling off Indian stocks, raising concerns about the impact of the US fiscal deficit on global markets.
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Sebi warns investors about stock ‘games’, virtual trades
India's market regulator, SEBI, issued a warning to investors about unauthorized entities offering virtual trading services and fantasy games based on stock prices. These platforms violate SEBI's regulations and pose a risk to investors, as they are not registered. SEBI urged the public to invest and trade only through authorized intermediaries to avoid potential losses.
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