India

10 May

Terry Daly appointed Advisor for Vedanta’s semiconductor business

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

After appointing semiconductor veteran David Reed as CEO of the Vedanta-Foxconn joint venture, Indian mining company Vedanta has now appointed Terry Daly as an advisor to the semiconductor business.Daly will be responsible for providing strategic advice and input as the group looks at setting up a semiconductor fab unit and semiconductor assembling and testing unit in India, Vedanta said in a statement."We are thrilled to welcome Terry Daly to our team," said David Reed, CEO, Vedanta-Foxconn Semiconductors Ltd. (VFSL) As an industry veteran, Daly brings a wealth of knowledge and experience managing several workstreams critical to establishing a world-class semiconductor…

09 May

People must return the full amount of PM Kisan Yojana, Check your name in the list immediately

editorBusiness, India

PM Kisan 14th Installment Many people are taking the installment of PM Kisan Yojana on the basis of fake methods and wrong documents. If you have done this too, then you may be in trouble. The government has started cracking down on forgery. Many schemes are run by the central government to give a respectable life to the farmers. PM Kisan Yojana (PM Kisan Yojana) is one of these. Under this scheme, every year the government gives Rs 2,000 thrice a year to the eligible farmers. But, in recent times many frauds have also come to the fore regarding this…

09 May

LinkedIn cuts over 700 jobs

Priyanka BhowmickBusiness, IndiaBusiness, india

LinkedIn will cut 716 jobs as demand waves and will also end China-focused job applications, the company, which focuses on business professionals, said Monday. The Microsoft Corp.-owned social media network with 20,000 employees has grown revenue every quarter over the past year, but it joins other big tech companies, including its parent, in laying off workers amid a weak global economic outlook. According to Layoffs.fyi, in the past six months, more than 270,000 technical jobs have been laid off worldwide, tracking fallouts.LinkedIn makes money through ad sales and charges subscriptions to recruiting and sales professionals who use the network to…

08 May

23000 relocated, around 50 dead and hundred hospitalized in Manipur

Priyanka BhowmickBusiness, Indiaindia

Curfew was lifted for a few hours on Monday morning, and life was slowly returning to some degree of normalcy in violence-torn Manipur as people left their homes in the state capital Imphal to buy essentials, officials said. According to PTI, drones and helicopters carried out close surveillance, while the military and the Assam Rifles carried out flag marches in various areas rocked by communal violence in recent days.In response to the Meiti community's demand for Scheduled Tribe (ST) status, tribals staged a protest in ten hill districts of the state on Wednesday.Meitis represent about 53% of Manipur's population and…

08 May

Coal India Q4 Profit Drops 18% On Wage Bill

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

State-run Coal India Ltd missed street estimates and fourth-quarter net profit declined primarily due to increased provisions towards wages.Coal India posted a consolidated net profit of Rs 5,527.62 crore for the March quarter, down 17.7 percent from a year ago. Consolidated revenue for the quarter stood at Rs 35,161.44 crore, up 17.3 percent year-on-year. A Bloomberg poll estimated a net profit of Rs 7,752 crore and earnings of Rs 35,270 crore. The company has recommended a final dividend of Rs 4 per share. A total dividend of Rs 20.25 per share has already been paid in two installments earlier.CIL's total…

06 May

Rajnath Singh arrives in Jammu to review situation

Priyanka BhowmickIndiaindia

Defense Minister Rajnath Singh arrived in Jammu to review the ongoing encounter between security forces and terrorists in Rajouri's Kandi area on Saturday.Lieutenant Governor Manoj Sinha and Army Chief General Manoj Pandey welcomed the Union Minister on his arrival here. Singh will visit Rajouri, where soldiers were killed in an explosion caused by terrorists during an encounter with security forces on Friday morning. Five soldiers were killed during the Indian Army's anti-terror operation 'Operation Trinetra' along with Jammu and Kashmir Police and CRPF. This morning, Jammu and Kashmir Lieutenant Governor Manoj Sinha paid tributes to the five service members who…

06 May

Rana Group announces Sourav Ganguly as brand ambassador

Priyanka BhowmickBusiness, IndiaBusiness, india

The Rana Group, which has diversified its business interests, on Friday said it will invest Rs 1,900 crore in the electric vehicle business in a phased manner, a top company official said on Friday.The group has also appointed cricketer Sourav Ganguly as the brand ambassador of its three affiliates Erica Agritech, Erisha E Mobility and Erisha Edu Support."We have signed two MoUs with the Uttar Pradesh government. We have to set up 100 EV charging hubs in PPP mode, and the investment will be around Rs 400 crore. Another MoU is to spread an EV park in Jhansi. More than…

05 May

Skoda Kodiaq makes grand debut in India

Priyanka BhowmickBusiness, BUSINESS, Indiaindia

Skoda has brought back a familiar nameplate, Kodiak, to India. The 2023 Skoda Kodiaq is now on sale at Rs 37.99 lakh, and due to demand, the automaker has increased the allocation to 750 units per quarter for 2023. However, in 2022, all the allocated cars were sold out within 24 hours. For 2023, the Skoda Kodiaq will continue to use the 2.0-litre TSI engine, however, it is now BS-VI compliant. The engine produces 187bhp and 320Nm of torque mated to a 7-speed DCT, and Skoda says that with updates to meet the new regulations, the engine is 4.2 percent…

05 May

Tata Power net profit rises 48% to Rs 939 cr

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

Tata Power on Thursday jumped 48 percent to Rs 939 crore in its fourth quarter (Q4) profit for the financial year 2022-23 (FY23), compared to Rs 632 crore in the same period last year. The company said it would be the 14th consecutive quarter of profit after tax (PAT) hikes, adding that Q4 numbers are backed by strong performance in all businesses. Q4 FY23 revenue grew 6 percent to Rs 12,755 crore from Rs 12,085 crore in Q4 FY23 due to higher sales among distribution companies and capacity additions in renewable energy. In Q4, EBITDA (income before interest, tax, depreciation,…

04 May

Elon Musk has threatened to give away NPR’s handle unless it starts tweeting again

Priyanka BhowmickBusiness, IndiaBusiness, india

Twitter chief Elon Musk has "threatened" to redistribute national public radio's(NPR) Twitter account to another company, the US-based broadcaster informed on Tuesday. Musk suggested he redistribute the network's original account under the @NPR handle to another company or individual, NPR reported. NPR stopped posting content on its 52 official Twitter feeds last month in protest over a Twitter designation that suggested government involvement in its editorial content. Musk, in an email to an NPR reporter, asked about his engagement with Twitter, the public broadcaster said. "So is NPR going to start posting on Twitter again, or should we reassign @NPR…