Page 248 - Latest News
Guns vs Butter-I: House panel welcomes larger funds allocation
The first of a five-part series analyses the military's capex demand versus allocation. The recent report of the parliamentary standing committee on defence provides the backdrop
 "Guns vs Butter-I: House panel welcomes larger funds allocation")
Party time in China
"The Party Leads All" offers an in-depth perspective on the changes underway under Xi Jinping and how they could affect China in the long term
 "Party time in China")
SGPC passes budget of Rs 1138.14 cr for FY 2023-24 in its general meeting
SGPC general secretary Gurcharan Singh Grewal presented the budget which was passed by the SGPC members
Competition Commission conducting inquiries against big tech firms: Govt
On the recommendation of the Parliamentary panel, the minister said the government has constituted a Committee on Digital Competition Law (CDCL) on February 6
 "Competition Commission conducting inquiries against big tech firms: Govt")
NIC made app to facilitate registration, redressal of consumer grievances
The resolution of the grievances lodged on the app "shall be attended by Weights and Measures Department, Delhi government in a time-bound manner, within two working days (48 hours)," it said
 "NIC made app to facilitate registration, redressal of consumer grievances")
NTPC Renewable Energy to supply 1,300 MW clean power to Greenko
State-owned NTPC Renewable Energy will supply 1,300 MW round-the-clock clean power to Greenko's upcoming green ammonia plant at Kakinada
 "NTPC Renewable Energy to supply 1,300 MW clean power to Greenko")
The Souled Store raises Rs 135 cr from Xponentia, mulls IPO in next 3-4 yrs
The firm will use the fresh capital to expand into new product categories and launch over 100 stores pan India within the next 2 years
 "The Souled Store raises Rs 135 cr from Xponentia, mulls IPO in next 3-4 yrs")
People can trace their photos with PM through AI, NaMo app gets new feature
If you have a picture clicked with Prime Minister Narendra Modi and don't know how to trace it, there is a way to get the recorded memories
 "People can trace their photos with PM through AI, NaMo app gets new feature")
Significant room for upside in Indian Hotels stock, say analysts
Analysts estimate annual growth of 15% in revenue and 20% in Ebitda during FY23 to FY25, and have target prices ranging Rs 375-380
 "Significant room for upside in Indian Hotels stock, say analysts")
Wait for stock exchanges to update data at quarter-end: Adani CFO
The 10 listed Adani Group companies, which together had lost about USD 135 billion in market value following the report, saw stocks recover some of the lost ground after that
 "Wait for stock exchanges to update data at quarter-end: Adani CFO")
Assets should ideally be churned within five yrs: Arcil's Pallav Mohapatra
In a Q&A, the MD & CEO of the firm dwells on its business model and the focus on retail assets to drive volume, going forward
 "Assets should ideally be churned within five yrs: Arcil's Pallav Mohapatra")
Cyrus Mistry's assets may be divided among wife, sons Firoz and Zahan
The billionaire Mistry family's estate is likely to soon change hands
 "Cyrus Mistry's assets may be divided among wife, sons Firoz and Zahan")
Special Situations Fund: Kotak Mahindra Bank arm raises $1.25 billion
The overall targeted amount for the second fund, which will be domiciled in the GIFT City, is $1.6 billion
 "Special Situations Fund: Kotak Mahindra Bank arm raises $1.25 billion")
Renewed debt worries trigger sharp sell-off in Adani Group stocks
6 out of 10 shares hit lower circuit
 "Renewed debt worries trigger sharp sell-off in Adani Group stocks")
Where in the world is the IMF?
It is not a central player today as the world deals with inflation and financial instability and countries hurtle towards debt crisis. It must be revamped and strengthened to play that role
 "Where in the world is the IMF?")
Vedanta announces 5th interim dividend; FY23 outflow Rs 37.7K crore
Dividend pay-out for the year at Rs 37,730 cr, the highest ever by the company
 "Vedanta announces 5th interim dividend; FY23 outflow Rs 37.7K crore")
Adani share sale takes block deals to 5-month high despite skittish market
Promoters, strategic investors mop up over Rs 33,000 cr via share sales; Adani sale in four group firms to GQG Partners alone tops Rs 15,000 cr
 "Adani share sale takes block deals to 5-month high despite skittish market")
Bank runs and resolutions
The collapse of Silicon Valley Bank and the swift intervention by the US authorities hold lessons for India - to complete the unfinished policy agenda on handling failed financial firms
 "Bank runs and resolutions")
Abjuring hate speech is fundamental requisite for maintaining harmony: SC
SC said abjuring hate speech is a fundamental requisite for maintenance of communal harmony in the country, and asked the Centre what actions have been taken after lodging of FIRs in hate speech cases
 "Abjuring hate speech is fundamental requisite for maintaining harmony: SC")
FTX founder Bankman-Fried charged with paying $40 million bribe to China
FTX founder charged with directing USD 40 mn in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed on Tuesday
 "FTX founder Bankman-Fried charged with paying $40 million bribe to China")