Category: Business

Business

Skylark unveils OT Cybsersecurity CoE in Chennai with Fortinet

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Skylark unveils OT Cybsersecurity CoE in Chennai with Fortinet

The new Centre of Excellence was jointly inaugurated by Skylark Technologies Co-owner and Executive Director Jose Prakash, Fortinet Country Manager India & SAARC Vivek Srivastava and Skylark Technologies Managing Director S. Kumar. Global IT services provider Skylark Information Technologies in partnership with Fortinet announced the opening of India’s first Operational Technology (OT) Centre of Excellence (CoE)…

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Business

Gautam Adani breaks silence on U.S. indictment, says his group is committed to compliance

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Gautam Adani breaks silence on U.S. indictment, says his group is committed to compliance

Billionaire Gautam Adani. File. | Photo Credit: Reuters Adani Group founder Gautam Adani responded for the first time on Saturday (November 30, 2024) to allegations by U.S. authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance. Gautam Adani indictment: In-depth coverage…

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Business

Join Central schemes and be self-reliant, Nirmala Sitharaman urges women

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Join Central schemes and be self-reliant, Nirmala Sitharaman urges women

Union Finance Minister Nirmala Sitharaman hands over a loan sanction letter to a beneficiary at the Credit Outreach Programme in Madhubani, Bihar, on November 30, 2024. | Photo Credit: ANI/Nirmala Sitharaman Office X Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Saturday (November 30, 2024) distributed loans amounting to ₹1,121 crore to 50,294…

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Business

‘GST spurring fresh tax terrorism,’ says former CEA Arvind Subramanian

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‘GST spurring fresh tax terrorism,’ says former CEA Arvind Subramanian

Ground reality: Mr. Subramanian said unless GST rates are raised on some items, revenue growth will be a challenge. File picture | Photo Credit: M. Vedhan Former Chief Economic Adviser (CEA) Arvind Subramanian, who authored an official report on the ideal 15.5% revenue-neutral rate for the Goods and Services Tax (GST) regime, said he is not very…

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Business

Zomato raises ₹8,500 crore via Qualified Institutional Placement at ₹252.62 per share

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Zomato raises ₹8,500 crore via Qualified Institutional Placement at ₹252.62 per share

Food delivery aggregator Zomato has raised ₹8,500 crore by selling equity shares to qualified institutional investors. File | Photo Credit: Reuters Food delivery aggregator Zomato has raised ₹8,500 crore by selling equity shares to qualified institutional investors, mainly domestic mutual fund houses, to fund its expansion and growth plans. Zomato, which also owns quick-commerce firm…

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Business

India’s core sector output up by 3.1% in October; the best performance in three months

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India’s core sector output up by 3.1% in October; the best performance in three months

Photo used for illustration purpose only. | Photo Credit: Getty Images/iStockphoto Output in India’s eight core infrastructure sectors, that constitute a tad over 40% of industrial production, recovered to rise 3.1% in October, the best performance in three months in terms of growth as well as absolute output levels. The Index of Core Industries…

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Business

Fiscal deficit at 46.5% of full-year target at October-end: Govt data

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Fiscal deficit at 46.5% of full-year target at October-end: Govt data

The Centre’s fiscal deficit at the end of the first seven months of financial year 2024-25 touched 46.5% of the full-year target, government data showed on Friday (November 29, 2024). In absolute terms, the fiscal deficit — the gap between Government’s expenditure and revenue — was at ₹7,50,824 crore during April-October period, according to data…

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Business

India GDP calculation: Govt mulls change in base year to 2022-23 from 2011-12 for computation of GDP

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India GDP calculation: Govt mulls change in base year to 2022-23 from 2011-12 for computation of GDP

The government is considering changing the base year for computation of the GDP to 2022-23 in February 2026 to reflect an accurate picture of the economy, a top Government official said. This will be the first revision in over a decade. It was last done in 2011-12. Also read: India’s real GDP growth slumps to…

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Business

Adani indictment: MEA Randhir Jaiswal says Government was not informed about U.S. indictment

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Adani indictment: MEA Randhir Jaiswal says Government was not informed about U.S. indictment

Pedestrians walk past the ‘Adani House’ corporate building in Gurgaon on November 27, 2024. | Photo Credit: AFP India was not informed by the United States government about its investigation into the Adani group, said that Ministry of External Affairs on Friday (November 29, 2024), who confirmed that the Indian Embassy in Washington has thus…

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Business

Sensex, Nifty rebound after deep plunge to settle nearly 1% higher

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Sensex, Nifty rebound after deep plunge to settle nearly 1% higher

The majority of Adani Group firms ended higher, with Adani Green Energy soaring 21.72% and Adani Energy Solutions surging 15.56% on the BSE. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty rebounded on Friday (November 29, 2024), surging nearly 1% each, amid buying in frontline stocks Bharti Airtel and Reliance Industries. The…

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