Indian respondents believe that IT investments are critical for the following factors: not only for environment responsibility but also to gain long-term business resilience by 61 percent and to build brand reputation by 64 percent, as reflected in IBM's 'State of Sustainability Readiness Report'. "As sustainability becomes central to business growth strategies, AI is proving to be a game-changer in driving responsible growth", said Sandip Patel, Managing Director of IBM India/South Asia. Also R...Read More
Nifty 50, the benchmark index, opened today's session slightly higher at 23,927 versus yesterday's close of 23,914. It has appreciated after opening and is currently at 24,000, up 0.4 per cent. The advance/decline ratio of Nifty 50 stands at 37/13, a positive indication. Cipla, up 2.1 per cent, is the top gainer whereas Power Grid Corporation of India, down 1.1 per cent, is the top loser. Like the benchmark index, all mid and small cap indices are in the green. Moreover, among the sectors, alm...Read More
Air India launched a Black Friday Sale with discounts up to 20% on domestic flights and up to 12% on international flights to various destinations. The sale is available through the airline's website and mobile apps. Additional savings are possible with waived convenience fees and specific payment methods. The airline continues offering student and senior citizen discounts.Air India on Friday launched a limited-time Black Friday Sale offering discounts of up to 20 per cent off base fares for dom...Read More
Hackers stole 62 billion Ugandan shillings from the Bank of Uganda. Identifying as 'Waste,' they transferred funds overseas. The central bank recovered half of the money, and President Museveni initiated an investigation. Cyber thefts in Uganda's financial sector are not uncommon, but banks often withhold acknowledgment. The Bank of Uganda is under scrutiny following news reports of a significant cyber theft. Hackers reportedly made off with 62 billion Ugandan shillings, about $16.8 million. T...Read More
Tokyo-based spokespeople for all three lenders declined to comment. An Adani Group representative didn't comment immediately. The Japanese support underscores the divide among finance firms over Adani after he and others were charged with plotting a $250 million scheme to bribe India government officials to win solar energy contracts. Adani's massive ports-to-power group has denied the charges and called the allegations baseless. Its representatives have been meeting with lenders and investors ...Read More
Enviro Infra Engineers stock declined after a stellar debut on NSE and BSE today. The stock listed on the NSE at ₹220, a 49 per cent premium over the IPO price of ₹148. On the BSE, the stock debuted at ₹218, a premium of 47 per cent. Shares of Enviro Infra traded 3.90 per cent lower at ₹211.43 on the NSE as at 10.34 am. On the BSE, the stock was down 3.33 per cent to ₹210.75. IPO details The ₹650.43-crore IPO received an overwhelming response from all categories of investors, with an overall ...Read More
While India's growth story remains intact, market returns may moderate in the near term after two years of outperformance. After a sharp correction from the record highs of September, the equity market is widely anticipated to swing within a range as it wavers through moderating earnings growth, consumption slowdown, lofty valuations, and other global macroeconomic headwinds. Even though a persistent sideways movement of the market is likely to drag overall returns, traders are shifting towards...Read More
Zee Entertainment Enterprises Ltd (ZEEL) shares rose 5% on November 29 a day after shareholders rejected proposal to reappoint Punit Goenka as director. The media firm's shares rose over 5% to Rs 132.69 apiece on November 29. In a regulatory filing by the company on November 28, ZEEL said that the resolution for the reappointment of Goenka was defeated in the annual general meeting (AGM) of the company. Resolution number three in the AGM, which proposed the reappointment of Goenka as director...Read More
At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close The rupee fell 2 paise to trade at 84.49 against the U.S. dollar in early trade on Friday (November 29, 2024) dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupe...Read More
Kolkata: Retail prices of potatoes across Kolkata markets continue to hover around Rs 34 per kg, despite Chief Minister Mamata Banerjee's directive to bring down potato prices to below Rs 30 per kg to ease the burden on household budgets. A Times of India report stated that the inflated cost has frustrated consumers and drawn criticism over the gap between policy and practice....Read More
overnment-owned gas giant GAIL (India) Limited has announced that its wholly-owned subsidiary GAIL Mangalore Petrochemicals Limited (GMPL), has re-engaged with process licensor INEOS to support the revival of its plant. The renewed collaboration has been formalised through an amendment agreement signed here, GAIL said. "This marks a significant step towards the revival of GMPL's 1.25 MMTPA Purified Terephthalic Acid (PTA) manufacturing plant located at the Special Economic Zone (SEZ) in Mangal...Read More
The TOI Entertainment Desk is a dynamic and dedicated team of journalists, working tirelessly to bring the pulse of the entertainment world straight to the readers of The Times of India. No red carpet goes unrolled, no stage goes dark - our team spans the globe, bringing you the latest scoops and insider insights from Bollywood to Hollywood, and every entertainment hotspot in between. We don't just report; we tell tales of stardom and stories untold. Whether it's the rise of a new sensation or t...Read More
Ulan Bator: Mongolia's economy is projected to grow by 5.3 per cent in 2024 and 6.5 per cent in 2025, driven by robust mining production and domestic demand, according to the World Bank's latest semi-annual Mongolia Economic Update on Friday. Economic growth in Mongolia remained steady at 5.7 per cent year-on-year during the first half of 2024, with high-frequency data indicating continued momentum into the third quarter, Xinhua news agency reported. The World Bank attributed this solid perfor...Read More
Ahmedabad police on Friday have arrested four individuals, including a resident of Australia, for operating a counterfeit currency racket in a warehouse in the Vatva area of Gujarat's Ahmedabad. The group was involved in printing fake Australian dollars, reportedly intending to smuggle the counterfeit notes abroad. The arrests followed a raid by the city's Crime Branch, acting on a tip-off about suspicious activities at the warehouse. Authorities seized counterfeit Australian banknotes worth ap...Read More
Seoul: South Korea's exports of bio-health products jumped 22.5 per cent in the third quarter from a year earlier, data showed on Friday, driven by growing demand for pharmaceutical goods in European nations. According to the Korea Health Industry Development Institute, outbound shipments of bio-health products, including pharmaceutical goods and cosmetics, amounted to $6.34 billion in the July-September period, compared with $5.17 billion recorded over the same period in 2023, Yonhap news agen...Read More
Stock market today: Zee Entertainment Enterprises (ZEEL) share price climbed over 6 per cent to ₹132.15 on Friday, November 29 after shareholders rejected a proposal to reappoint Punit Goenka as a director of the company. The decision was made during the company's 42nd Annual General Meeting (AGM) on November 28, 2024. In a regulatory filing, ZEEL stated that the resolution to reappoint Goenka failed to secure the required majority. "Resolution No. 3 (Goenka's reappointment) failed to get the r...Read More
Jaipur (Rajasthan) [India], November 29: The Vedanta Pink City Half Marathon (VPCHM) 2024 is back with its landmark 9th edition on 15th December 2024 in Jaipur. Organised by Vedanta in collaboration with Any Body Can Run (ABCR), the marathon embraces the inspiring theme #RunForZeroHunger, aiming to raise awareness and support for combating hunger and malnutrition. This highly anticipated event is expected to draw over 15,000 participants from across the country, including renowned personalities,...Read More
Trump's pledge to impose 25% tariffs on Mexico and Canada would lead to 400,000 job losses in the US, Economy Minister Marcelo Ebrard said Wednesday during a press conference alongside President Claudia Sheinbaum. A veteran of confrontational North American trade talks during Trump's first administration, Ebrard gave a presentation on how a new round of levies would affect the Mexico-US relationship. Also Read : France, Germany, Sweden urge EU to avoid China reliance on EV batteries Ebrard sa...Read More
Canada's Competition Bureau has filed a landmark lawsuit against Google, alleging the tech giant systematically manipulated the online advertising market to maintain its dominant position, potentially forcing the company to divest two of its key advertising technology tools. The move comes just days after US President-elect Donald Trump announced that he plans on imposing tariffs on Canada, in addition to China and Mexico. The antitrust watchdog accused Google of abusing its market power throu...Read More
Black Friday - the moment you hear these words, the first thing that comes to your mind is the crashed prices and unbelievable discounts. Black Friday is the annual occasion that is marked on the day after Thanksgiving and is sure to be celebrated with great enthusiasm and fervour by people across the world. Black Friday 2024 is on November 29. This annual celebration is mainly focused on encouraging people to kick start their Christmas shopping as the holiday season begins. As we prepare to cel...Read More
In response to a global shortage of Diammonium Phosphate (DAP), the Indian government has coordinated with states and industries to secure necessary supplies. Despite geopolitical challenges, India has managed both imports and domestic production to ensure adequate availability for the ongoing Rabi season. In response to global challenges affecting the supply of Diammonium Phosphate (DAP), the Indian government has taken decisive action. In coordination with state governments, railway authoriti...Read More
However, the NCLT did not pass the approval order on Thursday and deferred the decision, scheduling the next hearing for 6 December. It is expected that the tribunal will pass the liquidation order and may approve the CoC's proposed liquidator at that time. Venkatasubramanian is a Chartered Accountant and is registered as an Insolvency Professional with the Insolvency & Bankruptcy Board of India. He is a partner at Ernst & Young Restructuring, specializing in crisis stabilization, liquidity man...Read More
India's total exports, including goods and services, stood at $776.68 billion in value terms in 2023-24, up from $776.40 billion a year ago, according to the commerce ministry data. "The various policies that we have come up with, whether it's an effort to promote industrial corridors and industrial smart cities, whether it's an effort to reduce our logistics costs, our efforts to create the right ecosystem, to encourage greater exports, both of goods and services are all taken in the direction...Read More
India has raised concerns over the increasing incidents of desecration and damage to Hindu temples and deities in Bangladesh. The Indian government has urged Bangladesh to ensure the safety of minorities and their places of worship. The arrest of Hindu leader Chinmoy Krishna Das has also been noted with deep concern. In a series of damaging incidents against Hindu temples and deities in Bangladesh, India has voiced its concerns in Parliament. Reports of desecration have mounted over the past fe...Read More
NEW DELHI: Government-owned gas giant GAIL (India) Limited has announced that its wholly-owned subsidiary GAIL Mangalore Petrochemicals Limited (GMPL), has re-engaged with process licensor INEOS to support the revival of its plant. The renewed collaboration has been formalised through an amendment agreement signed here, GAIL said. "This marks a significant step towards the revival of GMPL's 1.25 MMTPA Purified Terephthalic Acid (PTA) manufacturing plant located at the Special Economic Zone (SE...Read More
Reliance Finance and Investments USA LLC, a subsidiary of Reliance Industries, acquired a 21% stake in US-based Wavetech Helium for $12 million (Rs 100 crore) on November 27, 2024. The investment aims to expand its low-carbon exploration business. Wavetech produces helium, crucial for various industries, including AI and semiconductor manufacturing....Read More
Union Minister Shivraj Singh Chouhan inaugurated the 13th National Seed Congress, focusing on distributing 109 ICAR-developed seed varieties to farmers. The event in Varanasi brings together global experts to discuss seed sector advancements and India's role in enhancing food production capabilities through quality seeds. Union Minister of Agriculture and Farmers' Welfare, Shivraj Singh Chouhan, on Thursday virtually inaugurated the 13th National Seed Congress held in Varanasi. Highlighting the...Read More
Rainfall Forecast for December 1 and 2: As the system moves inland, western Tamil Nadu and some interior districts may receive heavy to very heavy rainfall.If the depression turns into a cyclone it will be called as Fengal. Name of cyclone 'Fengal' was proposed by Saudi Arabia and draws its roots from the Arabic language. The name symbolises a blend of linguistic heritage and cultural identity, emphasising the regional diversity within the World Meteorological Organisation (WMO) and the United N...Read More
Kurnool: The profitability of tobacco cultivation over the past two to three years has led to a sharp rise in seedling prices, with each bag now costing between Rs 3,000 and Rs 3,500 -- significantly higher than in earlier seasons. Farmers in Prakasam district, buoyed by consistent returns, are planning to expand cultivation beyond the areas approved by the Tobacco Board, despite the financial strain posed by increased seedling costs. During the 2022-23 season, tobacco cultivation exceeded app...Read More
New Delhi [India], November 28 (ANI): India has expressed its concern over the escalating incidents of violence against Hindu minorities in Bangladesh and desecration, and damage to their places of worship, and has also called on the interim government there to ensure the safety of minorities. In a response to question asked by RJD MP AD Singh, Minister of State for Ministry of External Affairs, Kirit Vardhan Singh in a written reply to Rajya Sabha, stated that the "primary responsibility" for ...Read More