INDIA BUSINESS | Mon, 26 Sep 2022, 3:20PM ISTIT giants Infosys, HCL Technologies, and Tech Mahindra have also delayed the onboarding of techies. Business Today previously reported that the onboarding had been delayed at Wipro and Capgemini.
INDIA MARKET | Mon, 26 Sep 2022, 3:08PM IST63 moons technologies limited has informed the Exchange about Circular issued by MCX w.r.t. Software Support and Maintenance Agreement between 63moons and MCX......
INDIA MARKET | Mon, 26 Sep 2022, 3:06PM ISTSensex Nifty crash: Amid the ongoing selling in the stock market, market capitalisation of the BSE-listed firms tanked to Rs 270 lakh crore in the afternoon trade on September 26 from Rs 283 lakh crore on September 20.
INDIA NEWS | Mon, 26 Sep 2022, 3:05PM IST In 1952, India became the first nation in the world to implement a national family planning programme. Its goals have evolved over time, and it is now positioned to not only stabilise the population, but also promote reproductive health and reduce maternal, infant and child mortality
INDIA NEWS | Mon, 26 Sep 2022, 2:55PM IST Anand Rathi is bullish on Zydus Wellness has recommended buy rating on the stock with a target price of Rs 2140 in its research report dated September 23, 2022.
INDIA MARKET | Mon, 26 Sep 2022, 2:54PM ISTCSL Finance Limited has informed the Exchange about appointment of M/s. S. P. Chopra & Co., Chartered Accountants (FRN: 000346N), Delhi as Statutory Auditor of the company w.e.f. 26-Sep-2022 for a......
INDIA NEWS | Mon, 26 Sep 2022, 2:45PM IST I think investors should look at fundamentally strong businesses to play this market...and investors should be in equities with a relatively long term horizon, he said.
INDIA NEWS | Mon, 26 Sep 2022, 2:43PM IST "There is a plan on the table to do it. Last week I had an opportunity to start consultations with Ukraine and with the Russian Federation ... and I am ready to continue these consultations in both countries this week," Grossi told a meeting of International Atomic Energy Agency member states.
INDIA NEWS | Mon, 26 Sep 2022, 2:41PM ISTGateway Partners is planning to invest over USD 1 billion in the next five to 10 years in the booming Indian economy, according to a top company official.
It has already invested over USD 250 million in several Indian assets over the past five years.
"Over a billion US dollars over the next five to 10 years," V Shankar, co-founder and CEO of Gateway Partners told PTI on Monday when asked about his investment plans for India at the sideline of the Forbes Global CEO Conference in Singapore.
"We are looking at tonnes of opportunities in India, said Shankar, adding he was very optimistic about the consumer-driven Indian market.
He also noted that foreign investment flow into India was being encouraged by domestic investments, led by entrepreneurs in the infrastructure-industrial programmes and long-term economic development plans.
Reflecting on the consumer spending in the country, he said Gateway Partners has just opened two outlets last in Delhi and the NCR region.
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INDIA NEWS | Mon, 26 Sep 2022, 2:37PM IST Governor of the Udmurtia region, Alexander Brechalov, said in a video statement that the still unidentified shooter got into a school in Izhevsk, the regions capital, killed a guard and some of the children there.
INDIA MARKET | Mon, 26 Sep 2022, 2:32PM ISTBharti Airtel Limited has informed the Exchange about press release dated 26-Sep-2022 titled Airtel launches Xsafe an advanced home surveillance solution......
INDIA NEWS | Mon, 26 Sep 2022, 2:31PM ISTFilm exhibition company PVR Cinemas will invest up to Rs 350 crore to open 100 new screens in FY23, a top official said on Monday.It also expects its mega-merger with Inox Leisure to close by February 2023, after which it will start to run as a combined business, PVR's chief executive Gautam Dutta told PTI over the phone.Pointing to the company's performance in the April-June quarter, he said patrons are coming back to halls to enjoy the cinema experience and the food and beverage sales are also up, which makes it more optimistic about expansion."We will invest up to Rs 350 crore to open 100 screens in FY23. I see the same trend continuing in the next 2-3 years as well," Dutta said, stressing that the expansion will be a balanced one across geographies.About 60 per cent of the new screens will be in cities where the company already has a presence, while the rest will be in newer ones, he added.Locations, where it intends to expand, include Rourkela, Dehradun, Vapi, Chennai, Coimbatore, Thiruvananthapuram and Ahmedabad, he said.The investments will be funded by cash balances from internal accruals and also some debt, he said, pointing out that it had a manageable debt position at Rs 1,450 crore at the end of June.Before the pandemic set in, shuttering cinema halls across the country and leading to stress for exhibitors, PVR used to open up to 90 screens per year for which it used to invest around Rs 3 crore per screen, Dutta said, adding that inflation has taken the cost up to Rs 3.5 crore per screen now.The company is not looking at any inorganic growth opportunities right now and will be focusing on getting the merger with Inox through, he noted.When asked about the threat from Over The Top (OTT) players like Netflix or Amazon Prime, the chief executive of the country's largest film exhibition company said the debate is settled as seen in the recent performance.In Q1, PVR had 2.5 lakh patrons visiting cinema halls for the movie experience, and record revenues and profits, he said.Replying to queries on investor anxieties lately, he said the same has settled now with the stock gaining. Dutta explained that investors were in doubt after films like Rakshabandhan and Lal Singh Chadha flopped, but Brahmastra has helped recover.The company on Monday inaugurated a new six-screen presence in Pune's Hinjewadi area, the sixth property in the city.Dutta said the company is scouting for more locations in the Pune market, which delivers 16 per cent of its western India revenues and has decent occupancy rates.The property -- opened on Monday in the Global Mall -- has a 390-seater screen with a large screen, he said, adding that the company typically invests up to 40-45 per cent extra for such 'PXL' halls.
GLOBAL NEWS | Mon, 26 Sep 2022, 2:30PM ISTMore electric cars will be sold in the country this year than in the rest of the world combined, as its domestic market accelerates ahead of the global competition.
GLOBAL NEWS | Mon, 26 Sep 2022, 2:30PM ISTA draft agreement with the Biden administration to keep the Chinese-owned video app operating in the United States is under review. That could mean more wrangling.
INDIA NEWS | Mon, 26 Sep 2022, 2:29PM IST In a bleak report titled "paying the price of war", the Paris-based organisation noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly.
INDIA MARKET | Mon, 26 Sep 2022, 2:29PM ISTPower Grid is entering into a cash-rich mature asset ownership stage, with limited growth potential in the conventional transmission space. So, hypothetically, if REC is acquired closer to CMP or PFC's acquisition price of March 2019, Power Grid may end up earning an 11% dividend, the brokerage firm said.
INDIA BUSINESS | Mon, 26 Sep 2022, 2:29PM ISTThe Kospi index tumbled 3% to its lowest close in more than 2 years, leading declines in Asia. The won, by far the region's worst performer this quarter, slid to the weakest level since March 2009
INDIA BUSINESS | Mon, 26 Sep 2022, 2:26PM ISTA user wrote, I ordered iPhone 13 using Flipkart but it got auto cancelled after 3 days. Tried calling the customer care center but didnt get a satisfactory answer. Please check Flipkart.
INDIA NEWS | Mon, 26 Sep 2022, 2:25PM IST While global growth this year was still expected at 3.0%, it is now projected to slow to 2.2% in 2023, revised down from a forecast in June of 2.8%, the Organisation for Economic Cooperation and Development said.
INDIA BUSINESS | Mon, 26 Sep 2022, 2:20PM IST In line with Prime Minister Narendra Modi's drive for self-reliance, India has over the years expanded the use of its regional navigation satellite system called NavIC (Navigation with Indian Constellation).
INDIA MARKET | Mon, 26 Sep 2022, 2:17PM ISTHigher energy costs have impacted us but we have negotiated with our customers and they have given the pass through. Now there is no impact and this time, it is working very well. We are running it profitably. Due to operations in Romania and China, we are getting a lot of direct orders from Europe and China also.
INDIA NEWS | Mon, 26 Sep 2022, 2:16PM IST The comments by Matt Brittin, president of EMEA business operations at Google, come as the European Commission said it would seek feedback from the telecoms and tech industries on the issue in the coming months before making any legislative proposal.
INDIA MARKET | Mon, 26 Sep 2022, 2:15PM ISTThe Bombay High Court on Monday directed the Income Tax department not to take any coercive action against Reliance Group Chairman Anil Ambani till November 17 on a show cause notice issued to him...
INDIA BUSINESS | Mon, 26 Sep 2022, 2:14PM ISTLike all airlines, Air India was severely impacted by Covid-19 and, regrettably, many customers' travel plans were affected. As one of the many steps undertaken to better meet customer expectations and speedily address legacy issues post-privatisation, Air India placed high priority on clearing the backlog of refunds, said the airline spokesperson.
INDIA BUSINESS | Mon, 26 Sep 2022, 2:14PM ISTThe Information and Broadcasting Ministry revoked permission granted to Zee Media for simultaneous uplinking of 10 TV new channels in Ku Band on GSAT- 15 Satellite, which were available on DD FreeDish due to co-location
INDIA BUSINESS | Mon, 26 Sep 2022, 2:12PM IST Goa-based Molbio Diagnostics is known for its 'Truenat' technology -- a portable, battery-operated real-time PCR platform that can be used for testing infectious diseases, including TB, COVID-19, Hepatitis-C virus, human papillomavirus, influenza and vector-borne diseases like dengue, chikungunya and malaria.
INDIA MARKET | Mon, 26 Sep 2022, 2:11PM ISTThe stock has managed to close above its 200-day moving average. The daily RSI (14) has confirmed a range shift. Thus we advise traders to buy the stock on dips near 73 for an upside target of 80 in the coming week.
INDIA MARKET | Mon, 26 Sep 2022, 2:11PM ISTIn the eurozone, Frankfurt's DAX index dropped 0.3 percent to 12,245.22 points and the Paris CAC 40 dipped 0.1 percent to 5,776.18.Milan's FTSE MIB rose 0.2 percent to 21,113.66 points as markets assessed Italy's future political landscape after eurosceptic populists swept to victory in the eurozone member's general election.