Chinese tech unicorn ByteDance co-founder billionaire Zhang Yiming on Thursday announced that he will step down as CEO, in a surprise move that signalled a major leadership shake-up at the nine year-old technology firm which created popular global short-video app TikTok. Zhang, 38, who is one of China's wealthiest entrepreneurs, said he is ready to step down after nearly a decade of running the world's largest unicorn, becoming the latest among the country's technology founders to quit in their prime. Zhang will step down from his role as CEO of the Beijing-based ByteDance, giving up his day-to-day responsibilities to "be more impactful on longer-term initiatives," the Hong Kong-based South China Morning Post quoted the company announcement on Thursday.
Maharashtra continues to lead with more than 13,000 recoveries while Andhra Pradesh has contributed more than 10,000 to the single-day recoveries.
The inflows meant assets under management of gold ETFs climbed by over 4 per cent to Rs 13,503 crore at the end of August from Rs 12,941 crore at July-end.
Other gainers included SBI, Kotak Bank, Sun Pharma, Tata Motors, M&M and Tata Steel, rising up to 5.19 per cent.
Dhoni holds a special place in the hearts of the fans
The Supreme Court on Wednesday stayed the operation of sedition law, and ruled that all pending cases, appeals and proceedings with respect to charges framed for sedition should be kept in abeyance.
Mauritius FDI source for India during Apr-Dec.
Bank provides for Rs 7,178 crore, or 50 pf of the total amount of the Rs 14,356 crore scam, in the fourth quarter of 2017-18. The remaining amount will be covered in the three quarters of the current fiscal year.
Trinamool Congress chief Mamata Banerjee said on Friday that she was against imposition of President's rule in West Bengal but reiterated her demand for advancing the May 2011 assembly elections.
With the BJP continuing to be the constant combatant, centrifugal pressures will rise. Fractured relations between the Centre and the states as between BJP and non-BJP ruled states is a sizeable risk owing ahead, warns Shekhar Gupta.
Tamil Nadu NGOs received the highest amount of Rs 546 crore as foreign donations.
The House passed by voice vote the Jammu and Kashmir Reservation (Amendment) Bill, 2019, to replace an ordinance issued by previous government, extending President's Rule in Jammu and Kashmir, amidst opposition from the Congress and some other parties.
Delhi's air quality was again in the severe category with the 24-hour average AQI recorded at 403 after remaining in the 'very poor' category till Tuesday morning, when the AQI was recorded at 396.
Most of the economic activity in the country had come to a standstill after the government imposed a 21-day nationwide lockdown beginning March 25 to check the spread of coronavirus.
The country in the last 24 hours reported 1,136 deaths due to the pathogen taking the overall toll to 79,722.
There are 9,73,175 active cases of COVID-19 in the country which comprises 20.47 per cent of the total caseload, the data stated.
Very light rains and thundershowers occurred at isolated places in Uttar Pradesh though, and a fresh warning of heavy showers was issued in Himachal Pradesh as the India Meteorological Department (IMD) said heavy to very heavy rainfall is likely in several parts of the country, including the northern region, over the next six-seven days.
Is the worst over for Indian banks? The past two years saw them ride on treasury trades as deposits soared and credit growth dipped sharply. Gross and net non-performing assets (NPAs) moved south, and the provision coverage ratio (PCR), capital buffers, and profitability indicators are back at pre-pandemic levels. So, what's the plot ahead?
In his every first international innings he was run out for 0. He will end his career as one of the most feared batsmen in international cricket.
Revenue of the Mumbai-based firm grew 11.4 per cent to Rs 38,172 crore in the June 2019 quarter, compared to Rs 34,261 crore in the same quarter of 2018-19.
Cricket Australia XI were 356/6 in 102 overs at stumps in response to India's 358 all out at the Sydney Cricket Ground on Friday. More than the runs scored by CA XI, it was Shaw's ankle injury which gave India major grief as he was ruled out of the first Test in Adelaide starting December 6.
This apart, to further increase capacities, Bharat Biotech has partnered with Indian Immunologicals (IIL) to manufacture the drug substance for Covaxin. The technology transfer process is underway and IIL has the 'capabilities and expertise' to manufacture the inactivated viral vaccines at commercial scale.
Modi said he was not bothered about threats and abuses against him and asserted that he would do whatever was needed to make India strong.
TCS, HDFC Bank, Hindustan Unilever Limited (HUL), HDFC, Infosys, ITC, Kotak Mahindra Bank, ICICI Bank and SBI closed the week with losses.
More than angry, we are pained that you are behaving like this. That the highest authority - Government of India - behaves like this. How can you think of playing with the court, asked the court.
Addressing a press conference after a two-day Politbureau meeting, party general secretary Prakash Karat said this was also the understanding of the other Left parties on Article 356, which provides for imposition of Central rule.
The Union government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record hike in excise duty on petrol and diesel that has pushed the total incidence of taxation on auto fuels to 70 per cent of the price. Late on Tuesday evening, the government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low.
As states grapple with a shortage of coronavirus vaccines, the Centre on Thursday said that over two billion doses will be made available in the country in five months between August and December, enough to vaccinate the entire population.
"Over 5.42 lakh migrants were screened by health workers and among them 1,230 have been found positive for coronavirus. Samples of 46,142 have been sent for testing," said Principal Secretary (Medical and Health) Amit Mohan Prasad in Lucknow.
Market leader Maruti Suzuki India's passenger vehicles sales declined by 2.34 per cent last month at 133,702 units. Hero MotoCorp reported total two-wheeler sales of 480,196 units last month, down 20.05 per cent.
Former India opener Gautam Gambhir on Wednesday called himself a "traditionalist" who loves the red ball and day game for longer format and said any experimentation should be carried out only in T20 cricket. "I am a traditionalist who loves to play the game in the old way. It is my personal opinion but I think all these changes and experimentation should be carried out in T20 cricket only.
Onion is currently trading between Rs 70 and Rs 80 in retail markets across the country.
The total coronavirus cases rose to 35,42,733, while the death toll climbed to 63,498 with 948 people succumbing to the disease in a span of 24 hours, the data updated at 8 am showed.
Virat Kohli will join the elite company of eleven other Indians and a total of 70 other players across the various countries to complete the century of Test match appearances.
Yes Bank was the top gainer in the Sensex pack, rallying up to 8.44 per cent, followed by Maruti, PowerGrid, NTPC, L&T and SBI.
The main opposition party alleged "trampling" of democracy by the BJP-led government which hit back by reminding that Congress had "butchered" democracy by misusing Article 356 about 100 times.
'This fall is nothing. We could see worse if everybody hits the panic button.'
The ruling party received Rs 742 crore in 2018-19, a rise of 70 per cent from the previous year.
Profit-booking by participants in view of the domestic markets' recent record-setting run fuelled the downtrend
