As Google evaluates its response to two recent penalties slapped by the Competition Commission of India (CCI), here is a look at the app economy. Apps are bread and butter for mobile operating systems. India ranks second in the number of mobile downloads, with nearly 27 billion downloads in 2021, according to Deloitte. Accounting for 11.6 per cent of global app downloads, the Indian smartphone user spends over 4 hours a day on apps.
BCCI chief Ganguly and secretary Jay Shah were to attend the ACC meeting. But, over the last few days, around 730 cases of coronavirus were reported in the UAE, creating panic among travellers and locals.
In the context of market integrity, the IRAI and RBI should go over the minutes of the LIC and SBI board meetings when the decisions to invest in Adani equity or debt were taken, notes Jaimini Bhagwati, former World Bank treasury professional.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Government headhunter PESB on Friday did not find anyone suitable from nine candidates, including two serving IAS officers, to head India's largest oil and gas producer, ONGC. The Public Enterprise Selection Board (PESB) interviewed 9 out of the 10 candidates who had applied for the post of chairman and managing director of Oil and Natural Gas Corporation (ONGC). "Keeping in view the strategic importance and vision for the company and its future, the Board did not recommend any candidate and decided to constitute a Search Committee," PESB said in a notice after interviews. Those interviewed included senior bureaucrats Avinash Joshi and Niraj Verma.
Days after completing a $6.5 billion acquisition of Ambuja Cements and ACC, billionaire Gautam Adani said his group has planned to double cement manufacturing capacity and become the most profitable manufacturer in the country. He saw a multifold rise in cement demand in India on the back of record-breaking economic growth and the government's infrastructure creation push, which will give significant margin expansion. In a speech made at an event to mark the completion of the acquisition on September 17, the Adani Group founder and chairman said the ports-to-energy conglomerate has in a single stroke become the second largest cement manufacturer in the country.
Pakistan women's cricket team captain Bismah Maroof has decided against skipping the Commonwealth Games in Birmingham despite the organisers denying accreditation to her infant daughter
In the status report, the CoA has talked about BCCI elections, the formation of the electoral office and the implementation of the Lodha Committee reforms.
The Centre sent a reminder to West Bengal Chief Secretary Alapan Bandyopadhyay who 'retired' on Monday to report to the Personnel Ministry in Delhi at 10 am on Tuesday, failing which disciplinary action would be initiated against him, officials said.
The new entrants comprise Asian Paints, Britannia, Titan, Nestl, Bajaj Finance and Bajaj Finserv.
India suffered a shock 28-run defeat against Afghanistan but still qualified for the semi-finals of the Asian Cricket Council Emerging Teams Cup tournament for the under-23 cricket teams, in Singapore, on Thursday.
All nine Adani stocks saw a rise in their share price in H1FY23, ranging from 6.1% in case of Adani Ports to 102% in case of Adani Power.
Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.
Among the many exits from the billionaire's club in 2022 are D Uday Kumar Reddy of Tanla Solutions (net worth down 66 per cent), Sushil Kanubhai Shah of Metropolis Healthcare (down 65.7 per cent), Vijay Shekhar Sharma of One97 Communications (down 66 per cent), and C K Birla (down 43.4 per cent).
Winless in two matches, both India and Afghanistan are out of the tournament and Thursday's match between the two sides in Dubai has been rendered inconsequential.
The indictment comes seven months after another Dhaka court issued an arrest warrant against the 69-year-old ex-chief justice who lives in the United States
India will face Sri Lanka in the title clash in Dubai on Friday.
The Asian Cricket Council (ACC) on Tuesday shifted the 50-over Asia Cup from India to United Arab Emirates as the Board of Control for Cricket in India could not procure permission from the central government to host Pakistan.
The first quarter earnings season will dictate the trend in the equity markets in this holiday-shortened week amid absence of major macroeconomic drivers, say analysts. Besides, lacklustre global markets may increase volatility in the market, they added. Equity markets would remain closed on Wednesday for Bakri-Id.
Gautam Adani on Tuesday said his ports-to-energy conglomerate never slowed or stopped investing in the country as the group's success is based on its alignment with the India growth story. Speaking at the annual shareholder meeting of the group companies, he said the previously announced $70 billion investment in new energy business will help turn India from being a net importer of oil and gas to an exporter of clean energy. "Never have we walked away from investing in India, never have we slowed our investments," he said. "We believe our scale, our diversified business, and our track record of performance positions us very strongly to continue to perform well in a variety of market conditions."
Pakistan rode on a stroke-filled 81 by one-down Muhammad Shehzad and a late cameo by Ahmad Khan
Making it clear that relaxations will not be provided to US-based electric vehicles major Tesla unless it participates in manufacturing activities in India, Union Minister Krishan Pal Gurjar on Tuesday said there cannot be a situation where the market is India but jobs are created in China. The minister of state for heavy industries also told the Lok Sabha during Question Hour that the company is yet to apply for schemes as per the government's policy. Last year, the Elon Musk-led company sought a reduction in import duties on electric vehicles (EVs) in India but the Ministry of Heavy Industries asked the firm to start manufacturing its iconic EVs in the country before any tax concessions can be considered.
The BCCI's refusal to send its team to the Asia Emerging Nations Cup scheduled in Pakistan this April has put a question mark on the tournament's organisation in the country.
Associated Cement Companies Ltd has posted a net profit of Rs 202.10 million for the quarter ended December 31, 2002 as compared to Rs 169.30 million in the quarter ended December 31, 2001.
A youth was injured in a clash and 35 people were detained in Jammu, which witnessed a shutdown for the fifth consecutive day on Tuesday as the protests demanding an AIIMS in Jammu continued unabated.
Former oil secretary Tarun Kapoor, present and former chairmen of ONGC and a former director of IOC, are among over a dozen people who have applied for the top job at the oil and gas regulator, PNGRB, sources said. Kapoor, who superannuated as Secretary to the Ministry of Petroleum and Natural Gas last month, is the most prominent name in the list of 13 persons who have applied to become the chairman of Petroleum and Natural Gas Regulatory Board (PNGRB). Oil and Natural Gas Corporation (ONGC) chairman and managing director Subhash Kumar and his predecessor Shashi Shanker are also in the race and so is G K Satish, who superannuated as Director for Planning and Business Development from Indian Oil Corporation (IOC) a couple of months back.
Central Administrative Tribunal says orders unjustified and against principles of natural justice. Nitin Sethi reports
The Asia Cup defeats had not dampened the squad's spirits, said Rohit.
India reaffirmed their supremacy in the U-19 Asia Cup with a record eighth title
Kumar said the Commission will follow the time-tested methods of consultations and consensus building in bringing about any reforms and will not shy away from tough decisions, according to an Election Commission (EC) statement.
'I clearly recall how you immediately directed your administration to identify and allocate land, water, and other clearances in the shortest time possible.' 'That was the fastest decision-making process I have ever witnessed.'
The company is testing the technology and believes that it can be included in the car in few years.
The next edition of the Asia Cup One-day tournament is likely to be held next year.
Associated Cement Companies has reported an 11.8 per cent increase in net profit to Rs 58.72 crore (Rs 587.2 million) for the fourth quarter ended March 31, 2003.
The board will now be headed by Vinod Kumar Yadav as chairman and CEO, and it will have four other members.
The security concerns triggered by political unrest in Bangladesh notwithstanding, the country will remain the host of the Asia Cup next month, the Asian Cricket Council (ACC) announced on Saturday.
Following is the gist of the controversy over sudden transfer of West Bengal Chief Secretary Alapan Bandyopadhyay, who retired on Monday, to Delhi and related rules.
BCCI president Sourav Ganguly on Wednesday announced cancellation of the Asia Cup T20, scheduled to be held in September, due to the COVID-19 pandemic. Pakistan originally had the hosting rights of the six-team continental event but considering the alarming COVID-19 situation, the PCB board had decided to swap it with Sri Lanka.
If the data breach is found to be genuine, and if the company is found guilty on the grounds of dereliction of duty, or misleading the general public and the RBI about the data breach, actions taken against it will be severe, the person quoted above said.
