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New Delhi, June 6 (SocialNews.XYZ) The government has procured 29.92 million tonnes (MT) of wheat during the 2025-26 Rabi marketing season (April-June) which represents a 13 per cent increase over the corresponding figure for the same period of the previous year and is the highest in the last three years, according to a senior official. This procurement is from a total 40.42 MT that arrived in the markets of the main wheat producing states across the country. The remaining portion has been boug ...Read More >
Ahmedabad: The Adani Group's total contribution to the exchequer increased by 29 per cent to Rs 74,945 crore in fiscal year 2025, from Rs 58,104 crore in FY24, through its portfolio of listed entities, it announced on Thursday. Of the total contribution of Rs 74,945 crore, direct contributions stood at Rs 28,720 crore, indirect contributions at Rs 45,407 crore, while other contributions at Rs 818 crore, the company said in a statement. To put it in perspective, Rs 74,945 crore is roughly the co ...Read More >
New Delhi: Amid growing speculation about Tesla's entry into India, Errol Musk, father of Tesla CEO and founder Elon Musk, shared his thoughts on the electric vehicle giant's potential investment in the country. Speaking at an event in Delhi, Errol Musk talked about India's vast market potential, calling it an incredible opportunity for businesses. Tesla's India Prospects When asked whether Tesla would invest in India, Errol Musk responded, "I can't speak for Tesla, as it is a public company. ...Read More >
Mumbai: Leela Palaces, Hotels and Resorts' ₹3,500 crore initial public offering (IPO)--the largest ever in Indian hospitality--is testing investor appetite for luxury tourism stocks amid a tepid primary market. The listing will expand the roster of publicly traded luxury hotel chains beyond Indian Hotels Company, which runs the Taj brand, and EIH Ltd, the parent of Oberoi Hotels. The offer includes a fresh issue of shares worth ₹2,500 crore and a ₹1,000 crore offer for sale by its New York-base ...Read More >
Gurugram, : RITES Limited, a Navratna Public Sector Enterprise, has been awarded the 'Gold' under the 'Public Sector Entities' category at the ICAI Awards for Excellence in Financial Reporting for the financial year 2023-24. Hon'ble Union Minster Mr. Arjun Ram Meghwal presents the 'Gold Award' to RITES' Director (Finance) Mr. K.G. Agarwal at a ceremony in New Delhi on Saturday. The ICAI 'Gold' Award stands as a testament to RITES' commitment to financial excellence, transparency, and regulato ...Read More >
Mumbai, December 18: Google recently launched its text-to-video tool, Veo 2, offering stunningly realistic AI video generation capabilities. Veo 2 AI video tool showed the potential to beat the most talked-about OpenAI Sora text-to-video generator. Many people were surprised by the realism shown in the video and found it close to the human world. Previously, AI video generators struggled and could not generate footage as per expectations and needed quality; however that has changed in 2024. Sev ...Read More >
Security agencies in Delhi have been placed on heightened alert following multiple bomb threats received by several prominent schools via email on Friday, according to Indian media. The wave of threats is the second within a week, and has resulted in the evacuation of students and staff. Among the schools targeted were the Delhi Public School East of Kailash, Salwan School, Modern School, and Cambridge School. In response to the threats, police, fire department officials, bomb detection squads, ...Read More >
Mumbai: The Reserve Bank of India (RBI) in Mumbai received a bomb threat email on Friday, police said. Police have registered a case against an unknown accused in connection with the bomb threat and started an investigation. "A threatening email was received on the official website of the Reserve Bank of India. The email was in Russian language, warned to blow up the bank. A case has been registered against an unknown accused in Mata Ramabai Marg (MRA Marg) police station. Investigation into t ...Read More >
NEW DELHI: Vishal Mega Mart, ahead of Initial Public Offer (IPO), has secured Rs 2,400 crore from anchor investors, as revealed in an exchange update. The anchor round allocation included prominent investors such as SBI Mutual Fund, Government of Singapore, Nomura Funds Ireland Public Ltd, Axis MF, HDFC MF and ICICI Prudential MF, as per BSE's website. The anchor portion saw participation from 18 domestic mutual funds through 44 schemes, comprising 53.33 per cent of the total. The company allo ...Read More >
New Delhi: Supermarket chain Vishal Mega Mart has mobilised Rs 2,400 crore from anchor investors, an update with the exchange showed. Those who were allotted shares in the anchor round included SBI Mutual Fund, Government of Singapore, Nomura Funds Ireland Public Ltd, Axis Mutual Fund (MF), HDFC MF and ICICI Prudential MF, according to a circular uploaded on BSE's website. Overall, a total of 18 domestic mutual funds participated through 44 schemes, collectively accounting for 53.33 per cent o ...Read More >
New Delhi [India], December 4 (ANI): The GSEC in Hyderabad will be the first of its kind in the APAC region after Tokyo and only the fifth globally, with similar facilities in Dublin, Munich, and Malaga, according to a statement. This GSEC is a specialised international cybersecurity hub designed to play a crucial role in developing advanced security and online safety products tailored for the Indian context. The centre will focus on cutting-edge research, AI-driven security solutions, and cre ...Read More >
New Delhi, December 4: In a significant move to enhance customer experience and protect citizens, the Lok Sabha on Wednesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. The higher number of nominees aims to reduce unclaimed deposits in banks. Finance Minister Nirmala Sitharaman said that depositors will have the option of successive or simultaneous nomination facility, while locker holders will have only succes ...Read More >
New Delhi, December 3: About 533 consumer complaints have been registered under the food and beverages category in the consumer commissions during the last two years, said the government on Tuesday. In a written reply in the Rajya Sabha, BL Verma, Union Minister of State for Consumer Affairs, Food and Public Distribution, said that Uttar Pradesh registered the highest number of complaints (112), followed by Rajasthan (88), Haryana (57) and Kerala (51). Assam had three complaints -- the lowest - ...Read More >
SpaceX is in discussions to sell insider shares that could boost the value of Elon Musk's rocket and satellite company to around $350 billion, according to people familiar with the matter. That would be a significant premium to a previously mulled valuation of $255 billion as reported by Bloomberg News and other media outlets just last month. It would also cement SpaceX's status as the most valuable private startup in the world. SpaceX was last valued at about $210 billion in a tender offer ear ...Read More >
Mirae Asset Sharekhan clients can expect uninterrupted access to their accounts, platforms, and services, with the addition of Mirae Asset's global investment options. Mirae Asset Financial Group today announced the completion of its acquisition of Sharekhan, following the receipt of all required regulatory approvals. This marks a new chapter in both companies' journeys as Mirae Asset Sharekhan becomes part of the Mirae Asset family. With this acquisition, Sharekhan will continue to develop it ...Read More >
Oceanic Foods Ltd resolved allegations of disclosure violations by the Securities and Exchange Board of India (SEBI) by paying a settlement fee of Rs 12.22 lakh. The case stemmed from non-disclosure of a NCLT petition and bank account freeze by its ex-CEO. SEBI concluded the proceedings post-settlement. In a move to resolve regulatory discrepancies, Oceanic Foods Ltd, a publicly traded firm, has paid Rs 12.22 lakh to settle allegations made by the Securities and Exchange Board of India (SEBI). ...Read More >
HSINCHU, TAIWAN, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Lauterbach, the leading provider of development tools for embedded systems, and Andes Technology Corporation (TWSE: 6533; SIN: US03420C2089; ISIN: US03420C1099), a leading supplier of RISC-V processor IP, today proudly announce their collaboration that enhances the debugging and tracing experience for engineers using Andes' advanced NCETRACE200 trace IP with Lauterbach's industry leading development tools TRACE32 ®. With the growing demand for ...Read More >
HSINCHU, TAIWAN, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Lauterbach, the leading provider of development tools for embedded systems, and Andes Technology Corporation (TWSE: 6533; SIN: US03420C2089; ISIN: US03420C1099), a leading supplier of RISC-V processor IP, today proudly announce their collaboration that enhances the debugging and tracing experience for engineers using Andes' advanced NCETRACE200 trace IP with Lauterbach's industry leading development tools TRACE32®. With the growing demand for R ...Read More >
Investors weigh options like ETFs, PPFs, and Bank FDs as year-end approaches. Experts advocate for a diversified approach to enhance returns while managing risks effectively Many investors start reviewing their portfolios at the end of the year and making calculated choices to reach their financial objectives. Selecting between Exchange Traded Funds (ETFs), Public Provident Funds (PPF), and Bank Fixed Deposits (FDs) for year-end investments is a frequent conundrum. While PPF offers a safe, tax- ...Read More >
A fake approval letter claiming to offer an LPG dealership from HPCL is misleading the public and should be disregarded as a scam. Recently, a fake approval letter has been circulating online, purportedly from Hindustan Petroleum Corporation Limited (HPCL), claiming to offer individuals an LPG agency dealership. This letter has raised concerns as it misleads recipients into believing they have received official approval for a dealership, potentially leading to financial scams. The claim made i ...Read More >
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