Nirmal Kotecha, co-promoter of Pyramid Symira, a Chennai-based entertainment company, has sold his entire stake in the company. He was holding 24.89 per cent stake in the company as on September 2008.
IT services major HCL Technologies (HCLTech) on Monday reported a 10.51 per cent increase in consolidated net profit to Rs 4,235 crore in July-September quarter of FY25, as the company raised the lower band of its growth guidance on the back of better-than-expected performance. The Noida-headquartered firm had posted a net profit of Rs 3,832 crore in the year-ago period. HCLTech increased the lower band of its revenue growth guidance to 3.5-5 per cent year-on-year in constant currency, against a guidance of 3-5 per cent in the first quarter.
Private sector banks in India are taking the lead in the adoption of Artificial Intelligence (AI) in areas like fraud detection, customer segmentation, and chat automation, according to a Reserve Bank of India (RBI) study. The asset size and capital adequacy ratio are influencing the rate of adoption.
The ancient Egyptians built their great Pyramids by pouring concrete into blocks high on the site rather than hauling up giant stones, according to a new Franco-American study.
The Dahi Handi festival continues to have many heartwarming moments, discovers Rediff.com's Rajesh Karkera.
The most scathing criticism came from Dr. Cyriac Abby Phillips, a Indian hepatologist and social media influencer known as 'The Liver Doc' on X.
A 'time machine', the promise of turning the clock back four decades and a couple that went into hiding after making around Rs 35 crore by duping those desperate to be young.
While Kanha steals makkhan, don't forget to steal your admirers' hearts with your style.
In an interim order, pending investigation and passing of final order also debarred 228 persons and entities from trading in the markets including IPO. The order in Pyramid Saimira case relates to media reports in December last year that Sebi had directed Saminathan to make an open offer for an additional 20 per cent stake at a price not less than Rs 250.
The have been unable to solve one of ancient history's oldest mysteries, whether the pyramids in Egypt had anything to do with planetary positions.
Pyramid Retail Ltd, the Piramal group promoted retail chain, will add 12 more malls in lifestyle category and 60 more stores in food and grocery segment in northern and western region by 2008, with an investment of Rs 135 crore (Rs 1.35 billion).
Many are attracted by the potential for large gains, but don't necessarily seem to understand that a single trade gone wrong can wipe out their accumulated profits.
If there is uncertainty in the relationship, communicating that is the right thing. To keep someone waiting in the wings is selfish, says rediffGURU Ravi Mittal, CEO, Quack Quack, an online dating website.
None of India's financial regulators has any interest in proactively dealing with pyramid schemes.
Pyramid Saimira Theatre, the Chennai-based entertainment firm, was in the limelight on Tuesday after it announced it was the victim of a forgery and the stock was frozen at circuit filer of 10 per cent on the Bombay and National Stock Exchanges for the second day in a row.In an early morning statement, the company confirmed it had received a letter from the stock market regulator, Securities and Exchange Board of India, asking its chairman PS Saminathan to make an open offer.
At least nine persons, including four policemen, have been killed and 20 others injured in a powerful blast near the ancient pyramids of Giza in Egypt.
Overjoyed by India's remarkable dual triumph at the Chess Olympiad, five-time world champion Viswanathan Anand said that while this marks a promising beginning, there is still much work to be done for women's chess in the country.
'When I started to step into the West in 2006, I believed India was not going to be the back end.' 'I understood that no film-maker wants to believe that they are outsourcing their creativity to a low-end place.' 'The application of technology in the hands of our Indian artistes is identical to any of our artists in the West.' 'Nobody in the world can say this shot was done in India and that in London.'
Market regulator Securities and Exchange Board of India (Sebi) is understood to be contemplating legal action against P S Saminathan, managing director and one of the promoters of Pyramid Saimira Theatre (PSTL), and Nirmal N Kotecha, another promoter of the company.
In previews of Q2FY25 and beyond, industry analysts are expecting a turnaround for IT services. High teens earnings per share or EPS growth is expected for the next two-three financial years. The hopes are backed by deal wins of above $100 billion as at Q1FY25, up 16.6 per cent year-on-year ( Y-o-Y).
Finance Minister Nirmala Sitharman on Monday held a performance review meeting with heads of public sector banks and asked them to make concerted efforts to garner deposits. Deposits have been growing 300-400 basis points lower than the credit growth in the last few months, creating an asset-liability mismatch for banks. During deliberations on the deposit mobilisation, she said that while the credit growth has picked up, mobilisation of deposits could further be improved to fund the credit growth sustainably, and asked banks to make concerted efforts to garner deposits by conducting special drives.
Embracing the past and the present, Mexico City pulsates with warmth and vibrancy, discovers Payal Singh Mohanka.
You don't prep for 2028 but for 2040, or even 2044. Sustained sporting excellence is based on mass support, grassroots development, and funding - and it is this trifecta India needs to work on, systematically, asserts Prem Panicker.
Dressed in colourful attires, Govindas visited places in trucks, tempos, buses and two-wheelers.
Up to three billion people are expected to tune in for the opening ceremony in Paris.
Edtech firm Think and Learn, owner of Byju's brand, credited partial salaries of employees for the month of March, according to sources. Byju Raveendran, the Founder and CEO of Think and Learn, has raised debt in his personal capacity to pay the salaries of employees for March. Byju's salary expenses for partial payouts is estimated to be in the range of Rs 25-30 crore.
Jefferies has identified 11 stocks set to benefit from long-term macro trends like capital expenditures, government manufacturing initiatives, and financialisation.
Inflencer and vlogger Shenaz Treasury chooses her favourite quiet spots.
UTI, SBI, Reliance MF promote SIPs with low threshold. However, there are several hurdles. Mutual fund investments require the investor to have a PAN -- a big deterrent when it comes to tapping small and marginal investors. A big fear is that given the fickle nature of the stock market, rural investors might easily get scared when there is a downturn in the market.
Many national and international seminars have been conducted to highlight this hitherto undiscovered gold-mine. Any challenge to the business rationale for pursuing such a market is considered heretical and almost blasphemous.
Three years ago, C.K. Prahalad unearthed the 'fortune at the bottom of the pyramid.' It is, he says, still very real.
The Supreme Court on Friday upheld the seven-year trading ban imposed by market regulator Sebi on Pyramid Samaira Theatre for its fraudulent initial public offer.
The number of fresh formal jobs generated in a month increased to a seven-month high in April, signalling a recovery in the formal labour market in the country, according to the latest monthly payroll data released by the Employees' Provident Fund Organisation (EPFO) on Thursday. In April, the number of new monthly subscribers under the Employees' Provident Fund (EPF) sequentially increased by 18.77 per cent to 887,438 from 747,146 in March.
From its recent lows, the stock of consumer major Marico is up 7 per cent on the back of a better-than-expected June quarter performance and robust outlook. In a pre-quarter update, the management indicated that domestic volume growth should witness an improvement in FY25, while other segments (growth portfolio, international business) too would see traction going ahead. The near-term trigger is strong sales and operating performance for Q1FY25.
'The noise that we are hearing is because the five big IT players are not hiring significantly.'
The first quarter results (Q1FY25) of Indian IT services hint towards better fiscal growth than the preceding year, but as the management commentary said, "there is still some time for the industry to be firing on all cylinders." Among the majors-Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro-it is the Bengaluru-based Infosys that has performed better, which was also evident in its full-year revenue guidance.
The Dahi Handi ritual, part of the Janmashtami festival that marks the birth of Lord Krishna, saw enthusiastic participation by revellers in the metropolis, its adjoining areas and other parts of Maharashtra. The festival was celebrated with traditional fervour and gaiety in Mumbai and other parts of the state.
Payouts to key management personnel in non-banking financial companies (NBFCs) are under the banking regulator's scrutiny. Top industry officials said this is a follow-through on the Reserve Bank of India's (RBI's) circular of April 29, 2022, which asked NBFCs in the "middle" and "upper" layer of its four-tiered scale-based regulatory (SBR) framework to put in place a board-approved compensation policy.
Sometimes smoke or dust in the air may cause scattered red wavelengths of light to make the Moon appear more blue than usual.
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