Category: Business

Business

Youth in Punjab look to greener pastures abroad to make a living

Posted on By admin
Youth in Punjab look to greener pastures abroad to make a living

A poster of an immigration consulting agency in Rajpura town amid rising emigration in Punjab. | Photo Credit: REUTERS Uncertain over securing a suitable job, Ranjandeep Singh, a 22-year-old bachelor of arts graduate in Punjab’s Malout town in Muktsar district has been for the past six months rigorously preparing to clear his language testing exams…

Read More “Youth in Punjab look to greener pastures abroad to make a living” »

Business

Indian firms flock to AI notetakers for online meetings

Posted on By admin
Indian firms flock to AI notetakers for online meetings

Notetaker bots sit in on conversations like Zoom calls and transcribe participants’ remarks.  | Photo Credit: Getty Images/iStockphoto Even as industries scramble to find ways to incorporate Artificial Intelligence applications into their workflows, one use case has seen particular success: AI notetakers. Notetaker bots sit in on conversations like Zoom calls and transcribe participants’ remarks….

Read More “Indian firms flock to AI notetakers for online meetings” »

Business

SpiceJet chairman Ajay Singh may sell over 10% stake in airline to raise funds

Posted on By admin
SpiceJet chairman Ajay Singh may sell over 10% stake in airline to raise funds

SpiceJet, which had a fleet of 74 planes in 2019, is currently operating around 20 aircraft. | Photo Credit: Reuters SpiceJet promoter and chairman Ajay Singh may offload more than 10% stake in the struggling carrier as part of the latest funding round that is expected to close by the end of September, according to…

Read More “SpiceJet chairman Ajay Singh may sell over 10% stake in airline to raise funds” »

Business

FPIs invest ₹11,000 crore in equities in first week of September

Posted on By admin
FPIs invest ₹11,000 crore in equities in first week of September

Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they had pulled out funds to the tune of ₹34,252 crore in April-May. | Photo Credit: REUTERS Foreign investors infused nearly ₹11,000 crore in domestic equities in the first week of the month owing to resilience of the Indian market and expectations…

Read More “FPIs invest ₹11,000 crore in equities in first week of September” »

Business

GST Council to deliberate on taxation of insurance premium, report on online gaming

Posted on By admin
GST Council to deliberate on taxation of insurance premium, report on online gaming

The GST Council on Monday (September 9, 2024) is expected to deliberate on a host of issues, including taxation of insurance premium, GoM’s suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources claimed the fitment committee, comprising Centre and State tax officials, will present a report on GST levied on…

Read More “GST Council to deliberate on taxation of insurance premium, report on online gaming” »

Business

Air India posts 60% fall in losses at ₹4,444 crore in FY24: Tata Group

Posted on By admin
Air India posts 60% fall in losses at ₹4,444 crore in FY24: Tata Group

New Delhi, Mar 15 (ANI): A view of Air India Airbus A350, which launched its maiden scheduled commercial flight from Bengaluru to Mumbai on January 22, 2024. It is also the first aircraft in the new bold Air India livery. (ANI Photo) | Photo Credit: ANI Tata Group-owned Air India shaved off its losses by…

Read More “Air India posts 60% fall in losses at ₹4,444 crore in FY24: Tata Group” »

Business

Byju’s auditor BDO resigns after start of bankruptcy proceedings, company says

Posted on By admin
Byju’s auditor BDO resigns after start of bankruptcy proceedings, company says

Byju’s logo is seen in this illustration taken on June 22, 2023. File Photo | Photo Credit: REUTERS Education technology company Byju’s auditor BDO Global has resigned after the startup did not provide documents requested following the start of insolvency proceedings, Byju’s said on Saturday. Byju’s is fighting several battles including the insolvency proceedings and…

Read More “Byju’s auditor BDO resigns after start of bankruptcy proceedings, company says” »

Business

Stick to fiscal deficit as the norm for fiscal prudence

Posted on By admin
Stick to fiscal deficit as the norm for fiscal prudence

‘The recent tendency is for household financial savings to come down’ | Photo Credit: Getty Images/iStockphoto Government expenditures exceeding revenue by a high margin can lead to a difficult situation. In the 1980s, rising fiscal deficit accompanied by rising government debt led to a difficult balance of payments situation and a high ratio of interest…

Read More “Stick to fiscal deficit as the norm for fiscal prudence” »

Business

Dr. Reddy’s gets inspection report from USFDA for Srikakulam-based API plant

Posted on By admin
Dr. Reddy’s gets inspection report from USFDA for Srikakulam-based API plant

Dr. Reddy’s Laboratories on Friday (September 6, 2024) said it has received the establishment inspection report (EIR) from the U.S. health regulator for its active pharmaceutical ingredient manufacturing facility (CTO-6) in Srikakulam, Andhra Pradesh. The U.S. Food and Drug Administration (USFDA) has classified the inspection as Voluntary Action Indicated (VAI) and concluded that the inspection…

Read More “Dr. Reddy’s gets inspection report from USFDA for Srikakulam-based API plant” »

Business

Spicejet plans to raise over ₹3,200 crore via debt, equity

Posted on By admin
Spicejet plans to raise over ₹3,200 crore via debt, equity

Image used for representative purpose only. | Photo Credit: Reuters Cash-strapped domestic carrier Spicejet plans to raise ₹3,200 crore through QIP, warrants and capital infusion by the promoter, the airline said in a presentation on Friday (September 6, 2024). The funds will be utilised in taking back the grounded fleet in operations, liability settlement, new…

Read More “Spicejet plans to raise over ₹3,200 crore via debt, equity” »

Business