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Category: Business

Business

WazirX freezes first tranche of stolen funds worth $3 million

Posted on January 17, 2025 By admin
WazirX freezes first tranche of stolen funds worth  million

The crypto heist, the largest of its kind in India, had prompted a thorough examination of security measures and eroded sentiments around the decentralised world of cryptocurrencies. File | Photo Credit: Reuters Cryptocurrency exchange WazirX on Friday (January 17, 2025) said it has frozen the first tranche of assets which were stolen during last year’s…

Read More “WazirX freezes first tranche of stolen funds worth $3 million” »

Business

Tech Mahindra opens Manufacturing Experience Center in Chennai 

Posted on January 17, 2025 By admin
Tech Mahindra opens Manufacturing Experience Center in Chennai 

The Chairman of Mahindra Group Anand Mahindra and CEO, MD Mohit Joshi inaugurating the center in Chennai on January 17, 2025.  | Photo Credit: Special Arrangement Tech Mahindra Limited has announced the opening of an advanced Manufacturing Experience Center at its campus in Sholinganallur, Chennai which was inaugurated by Anand Mahindra, Chairman of Mahindra Group,…

Read More “Tech Mahindra opens Manufacturing Experience Center in Chennai ” »

Business

Registration for cable operators simplified

Posted on January 17, 2025 By admin
Registration for cable operators simplified

The Information & Broadcasting Ministry issued a notification on Friday (January 17, 2025), amending the Cable Television Network Rules to streamline the Local Cable Operator (LCO) registration process. LCO registrations will now be conducted entirely online, with the Ministry itself as their registering authority. “Upon successful verification of applicant details, including Aadhaar, PAN, CIN, DIN,…

Read More “Registration for cable operators simplified” »

Business

Budget session of Parliament starts January 31; Union Budget on February 1

Posted on January 17, 2025 By admin
Budget session of Parliament starts January 31; Union Budget on February 1

A view of the new Parliament building in New Delhi. File | Photo Credit: The Hindu The first part of Parliament’s Budget Session is likely to be held between January 31 and February 13, with Finance Minister Nirmala Sitharaman set to table her eighth straight budget on February 1. In line with the convention, the…

Read More “Budget session of Parliament starts January 31; Union Budget on February 1” »

Business

Wipro Q3 net profit zooms 24.4% to ₹3,354 crore; firm tweaks capital allocation policy

Posted on January 17, 2025 By admin
Wipro Q3 net profit zooms 24.4% to ₹3,354 crore; firm tweaks capital allocation policy

The capital allocation policy has been revised to increase the payout percentage from 45-50% to 70% or above of the net income cumulatively on a block of three-year period, the company statement said. File | Photo Credit: Reuters IT services company Wipro on Friday (January 17, 2025) reported a 24.4% year-on-year rise in its consolidated…

Read More “Wipro Q3 net profit zooms 24.4% to ₹3,354 crore; firm tweaks capital allocation policy” »

Business

Markets snap 3-day winning run on selloff in Infosys, ICICI Bank; Sensex slumps over 400 points

Posted on January 17, 2025 By admin
Markets snap 3-day winning run on selloff in Infosys, ICICI Bank; Sensex slumps over 400 points

From the 30-share blue-chip pack, Infosys dropped nearly 6% despite raising its annual sales forecast for a third time this fiscal year. File | Photo Credit: Reuters Key benchmark indices Sensex and Nifty slipped into negative territory on Friday (January 17, 2025) after a three-day rally, dragged by selling pressure in Infosys, ICICI Bank and…

Read More “Markets snap 3-day winning run on selloff in Infosys, ICICI Bank; Sensex slumps over 400 points” »

Business

Relief for big coffee planters in Karnataka, but small planters grapple with labour shortage

Posted on January 17, 2025 By admin
Relief for big coffee planters in Karnataka, but small planters grapple with labour shortage

While harvesting requires manual labour, small planters are proposing mechanisation of processes like drying beans and irrigation, which will help reduce dependency on labourers. | Photo Credit: File photo : Karnataka’s big coffee planters, reeling under years of labour shortage, are enjoying a welcome respite this harvest season as migrant workers arrived in sufficient numbers…

Read More “Relief for big coffee planters in Karnataka, but small planters grapple with labour shortage” »

Business

World Economic Forum 2025: Andhra Pradesh Minister Nara Lokesh to showcase investment opportunities

Posted on January 17, 2025 By admin
World Economic Forum 2025: Andhra Pradesh Minister Nara Lokesh to showcase investment opportunities

Nara Lokesh. File | Photo Credit: Special arrangement Andhra Pradesh Information Technology (IT) and Electronics and HRD Minister & chairman of the State Government’s task force committee on investments Nara Lokesh is participating in the World Economic Forum (WEF) – 2025 scheduled to be held at Davos from January 20 to 24, 2025. A.P. will attract sizeable…

Read More “World Economic Forum 2025: Andhra Pradesh Minister Nara Lokesh to showcase investment opportunities” »

Business

Maruti Suzuki unveils first electric SUV eVITARA; to export it to 100 countries

Posted on January 17, 2025 By admin
Maruti Suzuki unveils first electric SUV eVITARA; to export it to 100 countries

Maruti Suzuki unveils first electric SUV eVITARA at the Bharat Mobility Show in New Delhi on January 17, 21025. Photo: X/@Maruti_Corp Maruti Suzuki India on Friday (January 17, 2025) unveiled its first battery electric vehicle eVITARA, which will be exported to over 100 countries. Speaking at the unveiling of the model at the Auto Expo,…

Read More “Maruti Suzuki unveils first electric SUV eVITARA; to export it to 100 countries” »

Business

Kerala to focus on innovation, sustainability build on Ease of Doing Business achievements: Governor Arlekar in policy addres

Posted on January 17, 2025 By admin
Kerala to focus on innovation, sustainability build on Ease of Doing Business achievements: Governor Arlekar in policy addres

Traditional weavers at a weaving unit in Chendamangalam near Kochi, Kerala. The ‘Year of Enterprises’ initiative to promote Micro, Small and Medium Enterprises will be taken forward with the Mission 1000 programme to elevate MSMEs into high-revenue businesses. | Photo Credit: H. Vibhu Intending to build on Kerala’s top-achiever status in the ‘Ease of Doing Business’…

Read More “Kerala to focus on innovation, sustainability build on Ease of Doing Business achievements: Governor Arlekar in policy addres” »

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