Foreign brokerage firm CLSA initiated coverage on the stock with a Sell rating and target price of Rs 1,095, citing hefty premium valuation.
The year gone by has also forced all airlines to turn the lens sharply on their own costs, workings and internal dynamics, opening their eyes to their vulnerabilities. Fewer, leaner, nimbler players will emerge from the carnage.
The Union Cabinet on Wednesday approved the participation of the private sector in the entire range of space activities, including planetary exploration missions, Union minister Jitendra Singh said. The newly-created Indian National Space Promotion and Authorisation Centre (IN-SPACe) will provide a level playing field for private companies to use Indian space infrastructure, Singh, who is the minister of state in the Prime Minister's Office, said.
A WhatsApp spokesperson said the update 'does not impact the privacy of personal messages for anyone'.
While she primed up spending on infrastructure to create jobs and boost economic activity, Sitharaman did not tinker with income tax slabs or tax rates. Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 lakh crore, coupled with rationalisation of customs duty, an extension of time for setting up new manufacturing companies and plans for starting a digital currency and tax crypto assets.
'Many who have experimented with online education will adopt a blended model once things return to normal,' edX CEO and founder Anant Agrawal tells Anjuli Bhargava.
The 'buy-now, pay-later' (BNPL) juggernaut continued to roll on during the festive season with multiple players seeing disbursals grow by more than 100 per cent compared to Diwali last year. LazyPay, the BNPL platform of Prosus-owned payments major PayU, witnessed a credit demand increase of 300 per cent over the festive season last year, especially in segments like travel, food & beverages and entertainment. "We also saw an uptick of 70 per cent in user acquisition in the last two months.
The RBI said the payment systems landscape will continue to change with further innovation and entry of more players which is expected to ensure optimal cost to the customers and freer access to multiple payment system options.
Not just mid- and small-sized firms, even big ones will either sell group companies or stakes in their listed entities to tide over crisis; more sell-offs seen in coming months.
It ensures participants are equipped with the information required to ensure the game remains clean and their careers do not suffer due to lack of knowledge.
>All old signposts have been uprooted and milestones bulldozed. New ones have yet to emerge. The old order stands degraded in the new landscape whose contours are indistinct, observes Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs.
Virat Kohli ensured during the break that his supreme fitness level was not impacted and, in fact, it helped him skill-wise on his return to action
Former India all-rounder Yuvraj Singh on Saturday remembered his world record six sixes in an over, in the World Twenty20 match against England, in Durban, in 2007.
Industry players believe the new DFI model will be initially risk capital, which will then be used to mobilise additional resources from development agencies such as World Bank.
When, recently, Bharti Airtel announced a Rs 21,000 crore rights issue, analysts pointed out that its structure was similar to that of Reliance's issue in June 2020. One similarity is that shareholders in both companies have to pay only 25 per cent of the money on application. The rest is to be paid in two tranches. In Bharti Airtel's case, it is within 36 months; in Reliance Jio's, it is within 17 months.
The Armenians protested for a long time delaying the start of the second round of matches before withdrawing following rejection of their appeal.
The Reserve Bank of India (RBI) on Wednesday proposed to make interoperability mandatory for digital payments firms. It also allowed users to withdraw cash from e-wallets and fintech companies to process RTGS and NEFT transactions. The RBI expressed dissatisfaction over prepaid payment instruments' (PPIs') failure to migrate towards full-KYC (know your customer) PPIs, and therefore interoperability, even two years after guidelines were issued.
The latest deal would give Facebook deeper access to India, the second largest internet market after China.
There's a lot of action on the OTT platform this March, thanks to some interesting film and Web series coming up.
Analysts remain sceptical on the profitability from freighter business, saying that once normal air transport resumes and there's abundant belly capacity, the traditional economics of air cargo may not be that lucrative.
JSW had moved competition watchdog alleging Asian Paints threatened various dealers from dealing with the company.
The Rail Land Development Authority has invited online bids from private players to redevelop the station into an integrated commercial, retail, and hospitality hub.
Natures Basket's acquisition will make Spencer's Retail a national player, giving it access to the western parts of India through its 36 stores in prime locations in Mumbai, Pune and Bangalore.
'It says, we are not just an overseas player -- we are Kia India and here for good'
Smoke-induced interruptions likely at season's first grand slam.
India is in the second week of a three-week lockdown enforced to contain the coronavirus pandemic, which has claimed more than 70 lives while infecting over 3000 people. With sporting activities coming to a standstill, the elite athletes are confined to their homes, trying to remain fit while hoping for action to begin once normalcy returns.
The Ramayan offers important life lessons.
BCCI's Ombudsman cum ethics officer Justice (Retd) DK Jain rejected complainant Sanjeev Gupta's request for access to contractual obligations of cricket legends Sachin Tendulkar and VVS Laxman with their respective IPL franchises.
Mehta said if the government so directs, the IOA, in coordination with the concerned National Sports Federations (NSFs), can facilitate the vaccination
Providence will sell up to 30 mn doses of its mRNA vaccine to Biological E. It would also provide the necessary technology transfer to make the vaccine in India, with a minimum production capacity of 600 mn doses in 2022 and targets capacity of 1 bn doses, reports Sohini Das.
A lot of women feel that the onus of using the condom lies with their partner and often lack the confidence to ask their partners to use a condom.
Some of them include Spider G, NeuroTags, Genrobotic Innovations, AI Aeronautics, Synersense, Dealshare and NanoHealth. 'Highway to a Hundred Unicorns,' the Microsoft for startups initiative, works closely with local governments to strengthen the startup ecosystem in each state.
Google is committed to complying with local laws and engages constructively with governments as they scrutinise and adopt regulatory frameworks to keep pace with the fast evolving technology landscape, its CEO Sundar Pichai said on Thursday.
Troy Deeney has declined to take part in the resumption of training, after the stoppage due to the coronavirus pandemic, citing his son's breathing difficulties.
In the past few days, many companies, including fashion e-tailer Nykaa, food delivery platform Zomato, logistics and delivery firm Delhivery, insurance discovery platform PolicyBazaar, eyewear retail chain Lenskart, and edtech and online tutoring firm Byju's, have openly spoken about their IPO plans.
Argentina has made significant progress on LGBT+ rights in recent years, in 2010 becoming the first country in Latin America to let gay and lesbian couples marry and adopt children. Vega posted a letter on social media coming out to his fans - the first openly gay professional basketball player in Argentina's history.
'How can so many misfortunes fall on one beautiful family?'
With the economy gaining pace and large deals back on the table, chief executive officers (CEOs) of tech companies believe global tech spending will witness growth this year. According to CEO Survey by Nasscom, about 71 per cent chief executives expect global spend to grow over 4 per cent. The figure is significantly higher than the previous two years - 41 per cent and 59 per cent in 2019 and 2020, respectively. The survey also said the recovery in global tech spending will be led by the digital segment.
'Indian hockey will lose out on one of its most important nurseries of good hockey talent.'
Describing his German coach Klaus Bartonietz as the 'best' for him, Olympic gold-winning javelin thrower Neeraj Chopra on Friday said he would like to continue their spectacular partnership in the 2024 Paris Games as well.
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