After being in theatres for 10 days, Crew and Godzilla x Kong: The New Empire have similar box office collections.
'Probably revised guidelines will come, and then the real picture will emerge.'
India's three-wheeler exports, which have been on a downhill trajectory over the past few years, are showing no signs of recovery in FY25, with key markets like Sri Lanka, Bangladesh, Nigeria, and Egypt witnessing subdued demand. In May, the country's exports plummeted 11.3 per cent year-on-year (Y-o-Y).
Passenger vehicle wholesales saw a marginal growth of 4 per cent in June on account of high base effect and muted demand due to severe heatwave conditions in several parts of the country. Overall passenger vehicle dispatches last month stood at 340,784 units, a growth of 3.67 per cent compared with 328,710 units in June 2023.
IT services company HCLTech on Friday posted a 20.4 per cent rise in consolidated net profit to Rs 4,257 crore for the June-ended quarter and gave a revenue growth guidance of 3-5 per cent for FY25 on GenAI diversification and strong operational execution. For the fiscal's first quarter ended June 2024 (Q1 FY25), the revenue came in at Rs 28,057 crore, 6.6 per cent more than in the year-ago period. Seen sequentially, it was 1.6 per cent lower than the March quarter.
In a breather to the troubled edtech company, the steering committee of lenders has agreed to amend a $1.2 billion term loan with Byju's by August 3, 2023, the lenders announced on Monday. Successful execution of the amendment would "immediately" solve the loan's acceleration and end all open litigation while avoiding further enforcement actions, they in a statement. An e-mail sent to Byju's did not elicit a response.
'The ceaseless process of privatisation is shrinking the space of reservation.' 'Where will reservation go if you keep privatising?'
'...you evaluate three key factors before committing your money.'
A top Madhya Pradesh government official, however, said on Saturday that no such plan has been finalised.
The Securities and Exchange Board of India (Sebi) has for the first time proposed to regulate online platforms offering fractional ownership in real estate, a model already popular in countries like the United States and UAE. In a consultation paper floated recently, the capital markets regulator stated that such fractional ownership of real estate assets was proposed to be brought as MSM (micro, small, medium) REITs under Sebi (Real Estate Investment Trusts) Regulations. This model allows investors to own a fraction or a small share in a real estate asset like buildings and office spaces, which could include warehouses, shopping centres, conference centres.
'A credit line on UPI is going to make banks think about credit fundamentally as they digitise the credit process entirely.'
'He had a lovely, lovely, sense of humour, very subdued and very, very subtle, but it was very, very, prominent.'
The top three Indian IT firms -- Tata Consultancy Services (TCS), Infosys and Wipro -- collectively trained over 775,000 employees in generative AI (GenAI) capability by the end of 2023-24, according to an analysis of GenAI-trained workforce of leading companies in India in this sector. This number is significantly higher that the projection made by the IT industry body Nasscom in its Strategic Review of 2023, released in February this year. It said in 2023-2024, over 650,000 employees across the IT industry received training in Gen AI skills.
'Although currently, urban areas contribute more to growth than rural, there is no reason why rural areas should not contribute.'
Indian office real estate supply is expected to cross 100 million sq ft in a year to cater huge IT and IT-enabled services requirements.
'The transition from payment banks to SFBs is only permissible for banks not owned by corporate entities.'
Joginder Tuteja looks at the releases which did a minimum lifetime business of Rs 20 crore. Unfortunately, the list is not very long.
A forecast by this international real estate consultancy suggests that 'in Mumbai, rentals will fall for some more months and bottom out in the second half of next year, while in the national capital region, rents may bottom out in the second half of the current financial year in most areas.' In both metros, the correction in rents would be between 40 to 60 per cent by the first half of next year of their peaks in 2007-08.
Trudeau said that there was a commitment to work together with India to deal with some "very important issues".
'aris can be boiling hot in July. The choice of viscose over cotton was deliberate. Cotton would have crushed badly. We used viscose because it is a wood pulp fibre and lets you breathe. It is cooler than silk. We had to consider breathability because the athletes would be on a barge, in the heat, for up to five hours.'
More and more women are making their presence felt in jobs related to sciences, technology, and engineering across organisations.
Besides the scientists at the Indian Space Research Organisation, officials at the European Space Agency are also involved in tracking the lander module of the Chandrayaan-3 mission which is minutes away from making a soft landing on the surface of the moon, a senior scientist said on Wednesday.
The real estate sector wants "high-impact" measures, like special schemes and tax breaks for developers, to revive the fortunes of the affordable housing segment in the country, multiple executives told Business Standard. This segment has been struggling since the Covid-19 outbreak, in contrast to larger and costlier homes which have been selling like hot cakes. The demand comes at a time when the government is taking suggestions from industry players before tabling the General Budget in the Parliament next month.
'Those betting against PSUs will likely be punished in this upswing.'
In several places, from roof-tops and flyovers, people showered petals and garlands on the truck.
Yet again, it's a Hollywood film that's scoring in Indian cinemas this season.
Container prices have shot up by up to 300 per cent in the past one month owing to geopolitical tensions between Israel and Iran following the former's attack on Hamas, causing shortages and pushing consumer durables companies to increase prices. Companies have planned increases but some are yet to decide on the extent of the increase.
IAF's four fighter pilots undergoing rigorous training for the landmark Gaganyaan mission, and who earned the 'astronaut wings' on Tuesday, have a stellar resume. They have a flying experience in the range of nearly 2,000-3,000 hours and two of them are recipients of the prestigious 'Sword of Honour'.
This year's tally is the second best ever after 2022 when 16 firms raised Rs 40,311 crore, led by LIC's biggest-ever IPO.
He also asserted that ease of living and ease of doing business were behind the spirit of the work being done under the Central Vista project.
The mega block, which started at Thursday midnight, has affected the suburban services on CR's main corridor, causing inconvenience to lakhs of office-goers.
Retail investors now own a bigger slice of smallcap companies than at the start of 2023-24 (FY24), underscoring their growing conviction about investing in this red-hot space. Data from Capitaline shows mutual funds' (MFs') average holding in the National Stock Exchange Nifty Smallcap 250 rising to 9.26 per cent from 8.67 per cent during the first six months of FY24, with the number of companies with over 20 per cent MF holdings increasing from 24 to 28. In comparison, MF holdings in Nifty50 companies have gone up only marginally, from 9.67 per cent to 9.75 per cent.
High pilot utilisation, combined with a portion of pilots taking sick leave at the end of March has resulted in the cancellations during the last couple of days, chief executive officer (CEO) of Vistara, Vinod Kannan, said during a meeting with the pilots on Wednesday.
The June quarter is usually considered as a seasonally strong period for the IT sector.
The biggest challenge will be to convert his regime into a coalition of minds. But given the fact that he is instinctively an authoritarian leader and supporter of the hard Hindutva line, the survival of his government will depend on his ability to balance between his heart and mind, between instinct and pragmatism, asserts Nilanjan Mukhopadhyay, author of Narendra Modi: The Man, The Times.
'The terrorists are using better technology to secure their communication.' 'It does appear that excessive reliance on technology led to a weakening of human intelligence.'
Prasanna Vithanage's Paradise leaves the audience to read between the lines and draw their own conclusions about the frailty of human nature, and how easily violence seizes the most unexpected prey, observes Deepa Gahlot.
At least four UPSC coaching institutes -- Vajiram and Ravi Institute, Drishti IAS, NEXT IAS, and SRIRAM's IAS -- have offered Rs 10 lakh each to the families of Shreya Yadav, Tanya Soni and Nevin Dalvin, the three IAS aspirants who died after rainwater gushed inside of the basement of Rau's IAS Study Circle in Old Rajinder Nagar on July 27.
The BSE Realty index on Monday soared 4.3 per cent-most among the 19-sectoral sub-indices-buoyed by the proposal to formalise fractional ownership of real estate in the country. The Securities and Exchange Board of India (Sebi) on Friday issued a discussion paper proposing to regulate online platforms offering fractional ownership in real estate, a model already popular in countries such as the United States and UAE.
What is digital house arrest? It is a tactic cybercriminals use to confine victims to their homes and scam them, explains Tamal Bandyopadhyay.
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