India

11 Oct

Mukesh Ambani becomes India’s wealthies man

Priyanka BhowmickBusiness, IndiaBusiness, india

Mukesh Ambani from Mumbai has reclaimed his position as India's richest man, according to the 360 ​​ONE Wealth Hurun India Rich List 2023 released on Tuesday. The 66-year-old Reliance Industries chairman's wealth rose 2% from last year to ₹808,700 crore, while Gautam Adani beat him to the number one slot last year, down 57 percent and is now estimated at ₹474,800 crore. Another billionaire who slipped down the rich list this year was investor and D-Mart promoter Radhakishan Damani who lost 18 percent of his wealth in a year, and the family is now worth ₹1,43,900 crore. This year, despite…

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10 Oct

Dabur completes its cloud migration

Priyanka BhowmickBusiness, IndiaBusiness, india

Dabur India on Monday said it has become a cloud-only enterprise after successfully migrating its on-prem data centers to Microsoft Azure and SAP RISE. It added that it will use emerging technologies like Open AI for digital transformation. It added that the cloud-only approach will help it significantly improve business resilience and enhance its services to retailers, partners, employees and customers. Global Chief Information Officer of Dabur India Limited, Kaustubh Dabral said, "Agility and business innovation are critical to addressing changing market dynamics and consumer expectations. Harnessing the power of the cloud, artificial intelligence and its powerful data foundation will…

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10 Oct

Reliance General Insurance gets GST notices worth Rs 922.58 crore from DGGI

Priyanka BhowmickBusiness, IndiaBusiness, india

The Directorate General of GST Intelligence (DGGI) has issued multiple show-cause notices for a tax claim of Rs 922.58 crore from Reliance General Insurance Company (RGIC), a subsidiary of former Anil Ambani group company Reliance Capital (RCAP). The move assumes significance as RCap, which is currently under a debt resolution process through the National Company Law Tribunal (NCLT), constitutes around 70% of RCap's net worth. RGIC received a total of four show-cause notices – Rs 478.84 crore, Rs 359.70 crore, Rs 78.66 crore and Rs 5.38 crore – on revenue generated from its services such as reinsurance and co-insurance, sources…

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09 Oct

Y+ security for Shah Rukh Khan after death threat

Priyanka Bhowmickbollywood, Entertainment, IndiaEntertainment, india

Mumbai Police to provide Y+ security cover to Shah Rukh Khan after the actor allegedly received death threats after the success of 'Pathan' and 'Jawaan'.Under Y+ security cover, Mr. Khan will be accompanied by six armed security personnel. Earlier, two security personnel were with this popular actor. According to the police, the actor had recently written to the Maharashtra government saying that he had received death threats after he returned back blockbusters. The Maharashtra government then decided to extend the security cover provided to the popular actor. Earlier, actor Salman Khan was given Y+ security cover last year after being…

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09 Oct

MCX gets SEBI tech panel nod to launch new derivatives platform

Priyanka BhowmickBusiness, IndiaBusiness, india

Multi Commodity Exchange of India (MCX) on October 8 said it has received approval from the SEBI Technology Panel to launch a new web-based commodity derivatives platform (CPD) after several delays with the market regulator. "Subsequently, the SEBI Technical Advisory Committee recommended that MCX and MCXCCL may go live with the CDP and inform SEBI of the proposed date of go live," MCX said in a regulatory filing. This development was first reported on October 6 by CNBC-TV18 citing sources. Over the past month, stocks on the Mumbai-based commodity exchange rose 18 percent against a 1.4 percent rise in the…

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07 Oct

India is planning to make its own space station in next 25 years

Priyanka BhowmickBusiness, IndiaBusiness, india

After leaving a mark on the Moon with the Chandrayaan-3 mission, the Indian Space Research Organization (ISRO) is now gearing up to set up its first space station. The Indian Space Agency is already working on its Mars and Venus missions and chief S Somnath has revealed ISRO's big plans for the space station. In an interview with CGTN, the ISRO chairman said the Indian space agency is exploring various possibilities for future missions, including a space station and long-duration manned spacecraft launches. "We are looking at all possibilities after the success of the Moon mission," Somanath said. "We are…

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07 Oct

Air India to induct first A350 aircraft in December

Priyanka BhowmickBusiness, IndiaBusiness, india

Tata Group-owned Air India shared the first look of its new A350 planes wearing a paintjob to match its new livery. The airline rebranded itself earlier this year with a new red-aubergine-gold look and a new logo 'The Vista'. The latest A350 images were clicked at a workshop in Toulouse, France, with newly painted planes arriving in India this winter, the airline said. "Here's the first look of the majestic A350 in our new livery at the paint shop in Toulouse. Our A350s start coming home this winter… @Airbus" Air India said in a post on X, formerly known as…

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06 Oct

Manipur schools set to reopen today

Priyanka BhowmickBusiness, IndiaBusiness, india

The Manipur government on Thursday said all schools - government, government-aided or private - will reopen from Friday, October 6. The state government ordered closure of schools in the state on September 27 and September 29 after fresh protests erupted in the capital city of Imphal. Schools were closed in Manipur on May 3 after communal clashes broke out in the northeastern state. After months of closure due to violence, schools across Manipur reopened in July.. Meanwhile, fresh violence broke out in Imphal West district on Thursday where at least two houses were set on fire and several rounds of…

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06 Oct

Employee gets job offer from her dream firm Google after laid off by Meta

Priyanka BhowmickBusiness, IndiaBusiness, india

After experiencing layoffs from Meta in April, just shy of her third job anniversary, Hou Zhuoni Hermione achieved her long-held ambition by receiving a job offer from her dream company, Google, five months later. Hermione, who worked as a project sourcing manager at Meta in Singapore, expressed her gratitude for being employed by Meta during the pandemic and being treated well by the company. However, her real dream was to work at Google rather than Meta. "Some of you may have heard me joke about Google being my dream company because the commute would be less than a 15-minute walk.…

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05 Oct

Apple CEO Tim Cook pockets $41 Million in stock sale

Priyanka BhowmickBusiness, IndiaBusiness, india

Apple ( AAPL. O) CHIEF Executive Officer Tim Cook sold his largest stake in two years, after a $41.5 million tax, showing a U.S. securities filing. Cook sold 511,000 shares, worth $87.8 million before accounting for taxes, according to a filing dated Tuesday. He made $355 million from a stock sale in August 2021.The Apple chief owns about 3.3 million shares, worth about $565 million, after the sale, the filing shows. The company's shares fell 13% from their record high of $198.23 in July as investors worried about a slower-than-expected recovery over smartphone demand. Apple launched its new iPhone 15…

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