Asia News & Trends


Women leaders on vulnerability, strength, and structural changes in "Authentic Ascent"
An interesting panel discussion on the topic of "The Authentic Ascent: Leading with Vulnerability and Strength" took place at the 6th edition of the Women Disruptors Summit & Awards 2025. Industry pioneers gathered to talk about systemic changes that enable women in leadership positions in addition to their own personal journeys.Pritha Mitra Dasgupta, Chief Marketing Officer of Havas India, presided over the meeting, and panelists included: Kinnari Dave, Shemaroo Entertainment's Business Head for ShemarooMe Prachi Bali, Head of Saatchi Propagate and EVP Shwetal Basu, Polycab India's Senior Vice President and Head of Brand & Marketing"We are no longer applauding leaders who never flinch," said Pritha Mitra Dasgupta, who opened the conversation by saying .that the days of leaders who stood like rock without flinching were long gone. In actuality, we are admiring those who possess the capacity for tenderness, resilience, empathy, and ambition.She continued by asking Kinneri Dave how both astute strategy and flexibility are necessary to successfully navigate a legacy business through the digital maelstrom. "Could you describe a situation where you were able to bring things back on track when they were veering off course because of your transparency rather than just your strategic abilities?""When you take over a brand, a legacy brand as large as Shemaroo, the burden of the brand and the legacy is huge, and you're always on edge, making sure you're not denting it," Kinnari Dave said, citing a server crash as an example that demonstrated the leadership transfers. I can clearly recall that five years ago, I oversaw product and technology for another company before taking the helm at Shemaroo.I remember clearly the day one of our servers broke and we lost a lot of data because it's a legacy brand and we had a major tech move. At that period, leading product technology for a heritage company felt extremely risky because of the media and people' doubts about a legacy brand going digital in comparison to Netflix. We told stakeholders, "Yeah, we've had a crash, lost data, and need time to figure this out," rather than jumping into solution mode, I said. However, we'll make sure that things return to normal. I then said to the crew, "All right, so this is where we are." Let's focus on finding a solution and separating the problem from the who.That made things more relatable and encouraged cooperation. Because we came together and worked as a single, cohesive team, I believe that's where we found the solution and recovered more quickly than anticipated.
Published 14 Apr 2025 07:37 PM


In a new covert Santa commercial, IGP adds a gangster touch to office gifts.
IGP debuted a brand-new Christmas advertising campaign. The office Secret Santa in the advertisement has a gangster vibe. It draws attention to likable characters at work. IGP provides a variety of practical presents. The ad highlights growing tendencies in office gifts. The goal of IGP is to simplify corporate gifting.With the debut of its second ad video under the 'Amazing Gifts, Samay Par' campaign, International Gifts Platform, or IGP, has added a humorous and inventive twist by putting a birthday celebration in the Stone Age. This most recent episode satirically reimagines the classic problem of selecting the ideal birthday present, demonstrating that gift selection was important even in prehistoric times. The campaign's main concept is that a well-considered present given at the appropriate moment can have a lasting effect.The advertisement transports us to the Stone Age, when even prehistoric people understood that a birthday celebration wouldn't be complete without the ideal cake. A young cave lad surprises his crush with a delectable cake and blooming flowers from IGP in a world where stone tools are cutting edge and fire is considered a luxury. Every cave-dweller at the gathering is won over by the cake, which becomes the talk of the tribe. The message is clear: a thoughtful, well-timed present can make a lasting impact in any era, whether you are looking for dinner or running contemporary errands!
Published 13 Dec 2024 10:46 PM


Review of Pushpa 2 The Rule and live updates Rashmika Mandanna and Allu Arjun's movie will be accessible to those with disabilities; BO update
Review of Pushpa 2: The Rule and live updates: Pushpa's follow-up with Director Sukumar: The Rise is about to blow the box office away. Rashmika Mandanna, Fahaadh Faasil, and Allu Arjun are the film's main actors. Allu will play laborer-turned-sandalwood smuggler Pushpa Raj in the follow-up to the Telugu blockbuster from 2021. Rashmika portrays Srivalli, his wife.Tickets for Pushpa 2's December 4 launch are available at select theaters for ₹944 (GST included). The film has surpassed previous marks set by Kalki 2898 AD, Bahubali 2, and KGF 2 to become the fastest film to sell one million tickets on the platform, according to online ticketing portal BookMyShow.Like many recent south-bound films that have shattered records in the Hindi-speaking belt, the movie is expected to gross over ₹60 crore on its first day in the north. The excitement generated by the trailer launch in Patna was just a taste of the excitement that will surround its release.
Published 05 Dec 2024 08:22 PM


Did artificial intelligence sap Coca-Cola's Christmas cheer?
Social media users reacted negatively to Coca-Cola's recent AI-generated Christmas advertisements. Many contend that the intended Christmas spirit was overshadowed by the campaign's lack of emotional connection and appropriate execution. Although the advertising' technology was impressive, the narrative fell short of the success of Coca-Cola's seminal 1995 commercial. We sought the opinions of prominent figures in Indian advertising.Social media users made fun of Coca-Cola's AI-generated Christmas advertisements when they were published last month. Some users felt that the magic had been lost in the advertisements, which were meant to honor the brand's famous Coca-Cola Christmas commercials from 1995, "Holidays Are Coming." Experts in the field offer their opinions on whether the recent internet backlash against the cola giant's advertisements is the result of bad execution or AI failure.The CCO of DDB Mudra Group, Rahul Mathew "I believe that a campaign's ambition is what makes it successful. You won't be content until you achieve your goal of being the most talked-about campaign. On the other hand, you will be content that you are out there if your goal is simply to be there. I believe the goal of the Coca-Cola commercial was just to be an AI execution. And rather than being a tale that appeals to everyone's Christmas spirit, that has turned into the commercial's narrative."Animation, CG, AI, and live action are all methods of execution. The customer does.
Published 04 Dec 2024 10:14 PM


A new RBI governor has been appointed by Revenue Secretary Sanjay Malhotra.
Sanjay Malhotra, a former Revenue Secretary, has been named Reserve Bank of India (RBI) Governor. According to a statement from the administration, he will assume leadership on Wednesday and serve for three years. Mr. Malhotra is an Indian Administrative Service (IAS) officer from the Rajasthan cadre, having been drafted in the 1990 batch. He received a master's degree in public policy from Princeton University in the United States and a bachelor's degree in computer science from the Indian Institute of Technology in Kanpur.In a career spanning over 33 years, Mr Malhotra has worked in several sectors including power, finance and taxation, information technology, mines etc.
Published 09 Dec 2024 07:42 PM


The Chief Justice withdraws from legal arguments on the employment of poll workers.
Sanjiv Khanna, the Chief Justice of India, resigned on Tuesday from hearing arguments against the legality of the statute that removed him from the committee responsible for selecting the Chief Election Commissioner and other election commissioners.The Chief Justice, who shared the bench with Justice Sanjay Kumar, informed the petitioners' attorneys that he was unable to hear their plea. "List the matter before a bench of which I am not a part of," he stated.He said that the matter will be heard after the winter break and would be reallocated to a separate bench, excluding the Chief Justice. During that time, the Chief Justice also instructed the Center and other parties to submit answers to the petition.In their representation of the petitioners, senior advocate Gopal Sankaranarayanan and attorney Prashant Bhushan stated that the previous bench, which was led by Justice Khanna, who had not yet been promoted to the position of Chief Justice, had issued interim orders in the case back in March. Notably, the Chief Justice of India was not allowed to serve on the committee that appointed the chief election commissioner (CEC) and other election commissioners as a result of the Election Commissioners' Act, which was approved in December 2023. The Prime Minister, a Cabinet Minister, and the Leader of the Opposition currently make up the appointment panel.A number of individuals, notably the Association for Democratic Reforms and Congressman Jaya Thakur, contested the legality of Section 7 of the Chief Election Commissioner and other Election Commissioners Act, 2023, and requested a halt to its implementation. A different Supreme Court bench, consisting of Justices Sanjiv Khanna and Dipankar Datta, had earlier in March declined to halt the new law's implementation of the appointment of new Election Commissioners (ECs).
Published 05 Dec 2024 08:52 PM

Election Commission ruling by the Supreme Court: When judicial activism shapes the law
By adopting the Constituent Assembly's mantle in its March 2, 2023, ruling, the Supreme Court of India essentially rewrote some of the Constitution's clauses. The Court mandated that revised guidelines for the Election Commissioner's appointment be adhered to.According to these regulations, a committee made up of the Prime Minister, the Leader of the Opposition, and the Chief Justice of India must advise the appointment of the Election Commissioner. The Court defended this by saying that these regulations are necessary to address the "lacuna" in the laws governing this topic. However, it is clear that the Court has acted in flagrant contempt of the doctrine of the separation of powers if we examine the Court's reasoning and the laws pertaining to the appointment of Election Commissioners in greater detail.The Constitution itself, which aimed to create three institutional organs—the legislature, executive branch, and judiciary—is the source of the theory of separation of powers. The Constitution also outlined the roles of these three branches, with the legislature enacting laws, the executive branch enforcing them, and the judiciary rendering decisions. But the same Court that once acknowledged this theory as a component of the Constitution's "basic structure" has now reversed it.
Published 03 Dec 2024 05:34 PM


Amitesh Jha of Flipkart is appointed CEO of Swiggy Instamart.
With effect from September 4, 2024, Swiggy has named Amitesh Jha as the new CEO of Swiggy Instamart. Jha offers more than 20 years of expertise to the position, having previously worked with Flipkart.The on-demand meal delivery service Swiggy announced in a press release today, August 29, that Amitesh Jha has been named CEO of Swiggy Instamart. On September 4, 2024, Jha will take over as CEO of the fast commerce company.As competition intensifies in the rapid commerce space, Swiggy has made a move into larger e-commerce categories by appointing Flipkart veteran Amitesh Jha as the new CEO of Instamart.Amitesh Jha, a Flipkart veteran, was named CEO of Swiggy Instamart by IPO-bound Swiggy at a time when rapid commerce competitors are preparing for a fierce competition with e-commerce behemoths. The hiring of Jha reflects the desire of rapid commerce companies to expand beyond grocery by entering e-commerce markets that have historically been robust, such electronics, fashion, and clothing. According to his LinkedIn page, Jha, who has 14 years of experience at Flipkart, was most recently the Senior Vice President of Category and Marketplace, where he oversaw high-growth companies that accounted for 70% of transactions on the Walmart-owned e-commerce platform.Swiggy Group CEO Sriharsha Majety highlighted Jha's "extensive experience in leading core categories such as smartphones, general merchandise, fashion, and large appliances, as well as managing their logistics arm" when he explained why the former Flipkart executive was chosen to lead Instamart. Protecting Swiggy Instamart's market share, which UBS thinks is currently between 20 and 25 percent, compared to Bernstein's projections of 35 to 39 percent in 2023, is one of Jha's biggest problems. In addition to market leader Blinkit's steady rise, BigBasket's complete focus on speedy commerce and Zepto's charge, which is being supported by $1 billion in new funding, are the main causes of the assault.
Published 02 Dec 2024 11:47 PM


Day 10 of Pushpa 2 (Hindi) Trends in the Box Office: The biggest second Saturday in Hindi cinema history is achieved by the Allu Arjun film.
Pushpa 2: The Rule (Hindi), starring Allu Arjun, is an unstoppable force at the box office, setting yet another record on the second Saturday. Early trends indicate that the Sukumar-directed film hopes to earn between Rs 41.00 crore and Rs 43.00 crore on the tenth day, bringing its total earnings to Rs 458 crore. With a gross of Rs 33.00 crore, the Shraddha Kapoor and Rajkummar Rao-starring Stree 2 was the most grossing second Saturday in Hindi cinema history.The movement and momentum in the evening and night shows will determine if Pushpa 2 will even approach the Rs 45 crore milestone on the tenth day. If it succeeds, Pushpa 2's second Saturday will gross more than Stree 2's second Sunday (Rs 42 crore), which says a lot about the movie's dominance at the box office. Pushpa 2's second weekend could bring in close to Rs 115 crore, which would once again be the largest amount ever made.After surpassing the box office receipts of Animal, Bahubali 2, Pathaan, and Gadar 2 in just 13 days, the Allu Arjun flick is expected to surpass the Rs 500 crore mark on Sunday and rank as the third-biggest Hindi feature film ever by Tuesday. In order to become the most successful Hindi film ever and the first to ever reach the Rs 600 crore milestone, the movie will then be vying for the box office receipts of Jawan and Stree 2.
Published 14 Dec 2024 08:54 PM


Day 6 global box office receipts for Pushpa 2 The Allu Arjun-Rashmika Mandanna film is the quickest Indian production to reach the Rs 1000 cr milestone.
Day 6 box office collection for Pushpa 2: The Rule: The movie starring Rashmika Mandanna and Allu Arjun had a fantastic first weekend at the box office. Indeed, the movie saw a sharp decline in box office receipts on Monday as the week began, despite doing exceptionally well in the first four days. According to reports, Pushpa 2: The Rule made Rs 1000 crore today worldwide. The makers claim that Pushpa 2 is now the fastest Indian movie to join the exclusive membership.As of yet, Pushpa 2 has not made Rs 650 crores at the domestic box office. The Hindi box office receipts for Pushpa 2 were reported by trade analyst Taran Adarsh. The force of "PUSHPA 2" is unstoppable. Unflappable at the #BO, #Pushpa2 extends its winning streak. Its #Blockbuster reputation is cemented by the astounding weekday patterns on Monday and Tuesday. The movie should become the fastest to reach the ₹ 400 cr milestone today [Wednesday; Day 7], given its incredible hold on weekdays. Going forward, it is anticipated that #Pushpa2's outstanding performance in *Weekend 2* will be bolstered by the lack of new releases this Friday, paving the way for a grand entrance into the ₹ 500 cr Club. [First Week] Pushpa2 Sat: 74 cr, Fri: 59 cr, Thu: 72 crThe Telugu version of Pushpa 2 made Rs 11 crores on the sixth day. On Tuesday, the Tamil version brought in Rs 2.5 crores, Kannada brought in Rs 0.4 crores, while Malayalam only brought in Rs 0.5 crores. The action drama made over Rs 150 crores on its first day of release. Unexpectedly, the Telugu version of the movie showed a surge in occupancy. The Telugu version of the movie had an occupancy of 34.79 percent on Tuesday, compared to 25.87 percent on Monday. Additionally, the general occupancy of the Hindi version of Pushpa 2 increased. The occupancy increased to 38.76 percent on Tuesday from 24.83 percent on Monday.
Published 11 Dec 2024 08:18 PM


Aliya, the sister of Nargis Fakhri, was jailed for killing her ex-boyfriend and his friend while yelling, "You're all going to die today."
Bollywood actor Nargis Fakhri's sister, Aliya Fakhri, has been arrested on suspicion of killing two people when she set fire to her ex-boyfriend's house in Jamaica, a Queens neighborhood in New York City. Aliya has been charged with first-degree murder and other offenses, Queens District Attorney Melinda Katz said in a statement.The deceased have been identified as Anastasia Ettienne (33), Aliya's ex-boyfriend Edward Jacobs (35). Katz told the media that both victims died from burns and smoke inhalation after the fire, which was allegedly ignited by Aliya in the detached garage close to Jacobs' house entry, trapped them with no way out.Aliya, 43, of Parsons Boulevard in Queens, was charged by a grand jury and placed under remand on November 27. She is charged with four first-degree murders, four second-degree murders, and one first- and second-degree arson charge each. She might receive a life sentence if found guilty of the most serious accusation. December 9 is the day of her upcoming court appearance. According to the information provided by the authorities, the crime was reportedly perpetrated by Aliya on November 2. Around 6:20 a.m., she arrived at the two-story detached garage and yelled at Edward, "You're all going to die today."The building was on fire when a witness who had been inside the residence came downstairs shortly after. When Ettienne heard about the fire, he went downstairs for a moment. Then the woman went back upstairs to try to wake Jacobs, who was asleep. Neither Jacobs nor Ettienne were able to flee as the structure caught fire, Katz stated in her testimony.
Published 03 Dec 2024 09:00 PM


Trailer for Mismatched 3: Rivals are friends and Dimple-Rishi reside in the
As the two explore what it means to live two lives—one real and one virtual—love meets technology as they address their goals and the work required to maintain a relationship. A brand-new collection of carefully chosen songs will also be available over the season. Fans will continue to use the music, which is synonymous with the series, as a great storytelling tool.On Monday, the final trailer for the third season of the well-liked love sitcom Mismatched on Netflix was made public. The eagerly awaited season, which stars Prajakta Koli and Rohit Saraf in the key roles, will bring back long-standing relationships and forge new ones. The trailer jumps right into the next phase of Rishi's (Rohit Saraf) and Dimple's (Prajakta Koli) relationship, beginning with the famous cold coffee that first brought them together. As they go into the next stage of their relationship, the couple has left the Aravali Institute for a new campus in Hyderabad.As the two explore what it means to live two lives—one real and one virtual—love meets technology as they address their goals and the work required to maintain a relationship. A brand-new collection of carefully chosen songs will also be available over the season. Fans will continue to use the music, which is synonymous with the series, as a great storytelling tool.Furthermore, this season is all about changing the course of events, as Rishi and Anmol (Taaruk Raina), who were formerly fierce rivals, end up working together at the virtual reality lab Betterverse. While Krish (Abhinav Sharma) is still figuring out where he fits in, Celina (Muskkaan Jaferi) helps a new character, Rith (Lauren Robinson), succeed in this virtual environment. Zeenat (Vidya Malavade) and Sid Sir (Rannvijay Singha) are making new plans and beginning afresh, which is a good parallel to the several "worlds" the crew traverses in Mismatched, ranging from friendships to adulthood and self-discovery.In addition to newcomers Lauren Robinson, Garima Yajnik, and Akshat Singh, this season features Prajakta Koli, Rohit Saraf, Rannvijay Singha, Taaruk Raina, Vidya Malavade, Ahsaas Channa, Abhinav Sharma, and Muskkaan Jaferi.
Published 03 Dec 2024 09:26 PM


Today's stock market: Asian stocks are divided as Wall Street emerges from its holiday-season slump
HONG KONG (AP) — Following Wall Street's recovery from the holiday season blues, Asian stocks are uneven, with markets in China and Tokyo seeing declines.As Tokyo's market reopened following the lengthy customary holiday, the finance minister of Japan rang in the New Year, and employees wearing suits and kimonos applauded for good fortune in 2025.Katsunobu Kato, the finance minister, declared that the Japanese government would take action to assure economic growth driven by investment and salary rises. He also promised to "grasp signs of recovery" and make sure that "every single citizen can feel the improvement in their salaries."Much of Asia has been wary of possible changes under President-elect Donald Trump, who has pledged to drastically increase tariffs on imports from China and other nations, which might impede growth for a region that depends significantly on trade. After U.S. President Joe Biden turned down Nippon Steel's roughly $15 billion offer to buy Pittsburgh-based U.S. Steel Corp., the company was predicted to file a lawsuit. On Monday, Nippon Steel's stock dropped 0.7% in Tokyo. On Friday, U.S. Steel's stock fell 6.5%. Hong Kong's Hang Seng fell 0.5% to 19,654.82, while Tokyo's benchmark Nikkei 225 index fell 1.6% to 39,258.25. At 3,194.20, the Shanghai Composite index fell 0.5%.
Published 06 Jan 2025 10:33 PM


FPIs Lower Paytm Stakes to Less Than 1%
OVERVIEW Tiger Pacific Master Fund owned 1.03% of the shares in the June quarter, UBS Principal Capital Asia owned 1.06%, and Societe Generale owned 1.98%. The company's total FPI ownership fell from 20.04% in the prior quarter to 16.77% in the September quarter. On the BSE, Paytm's shares closed Thursday's trading session 3.47% lower at INR 696.35.Tiger Pacific Master Fund, UBS Principal Capital Asia, and Societe Generale are among the foreign portfolio investors (FPIs) who have decreased their investments in Paytm.Paytm Datalabs_in-article-iconTiger Pacific Master Fund owned 1.03% of the shares in the June quarter, UBS Principal Capital Asia owned 1.06%, and Societe Generale owned 1.98%.These stakes dropped below 1% at the end of September, therefore they were not included in the most recent data that was made public.In the quarter that ended in September, the total FPI ownership in the business fell from 20.04% to 16.77%. Paytm has been contacted by Inc42 to provide feedback on the development. The response will be used to update the story.On the BSE, Paytm's shares closed Thursday's trading session 3.47% lower at INR 696.35.In the quarter that ended in September, the holdings of foreign portfolio investors (FPIs) Societe Generale, Tiger Pacific Master Fund, and UBS Principal Capital Asia in One 97 Communications fell below 1%. Due to general market weakness, Paytm's shares fell 3% intraday to a low of Rs 700 on the BSE.
Published 17 Oct 2024 05:24 PM

F&O-banned stocks on July 15, 2024
On Monday, July 15, 2024, the National Stock Exchange (NSE) imposed a trading suspension on eleven equities in the futures and options (F&O) segment.These stocks were prohibited because their market-wide position limit (MWPL) exceeded 95%. These equities can still be traded in the cash market even though they are prohibited in the F&O segment.The list of securities subject to the F&O prohibition is updated on a regular basis by NSE. The following stocks are prohibited as of July 15:Aditya Birla Fashion and Retail Balrampur Chini Mills Bandhan Bank Chambal Fertilisers and Chemicals GMR Infra GNFC IEX India Cements Indus Towers Piramal Enterprises RBL BankDerivative contracts for these securities were included in the embargo period, according to the NSE, because they exceeded 95% of the MWPL. Clients and members may only trade in these assets' derivative contracts during this prohibition period in order to offset their positions and decrease their holdings. Any increase in available employment will be met with the proper legal and disciplinary measures. During the ban period, no new positions are allowed in the F&O contracts of stocks.
Published 15 Jul 2024 05:57 PM

After a 20% gain in a month, will Wipro's stock reach its one-year highs again?
Wipro stock price: At Rs 530.70, the stock was last seen trading 3.07 percent higher. It has increased 19.54% at this pricing in the last month. The share price was down 2.82 percent from its 52-week high of Rs 546.10, which was reached on February 2 of this year, notwithstanding the aforementioned increase.Wipro Ltd.'s shares increased 4% on Monday to reach a high of Rs. 535.50. At Rs 530.70, the stock was last seen trading 3.07 percent higher. It has increased 19.54% at this pricing in the last month. The share price was down 2.82 percent from its 52-week high of Rs 546.10, which was reached on February 2 of this year, notwithstanding the aforementioned increase. "The relative value of IT equities appears advantageous when looking at it in the long run. Long-term investors may want to look into equities like Wipro," said WealthMills Securities Director of Equity Strategy Kranthi Bathini.Having said that, Bathini continued, "the upcoming quarterly results and guidance will be extremely crucial going forward." Support for the counter's technical configuration was visible in the Rs 500–490 area. Additionally, additional upside requires a firm close above Rs 545.Wipro has gained a lot of momentum after breaking beyond the Rs 500 barrier. On an intermediate perspective, the stock is ready to attempt the recent swing high of Rs 545. It would be important to keep an eye on the counter for a breakout above the indicated zone, as this might lead to significant traction in a similar amount of time. Any short-term hiccup is probably to be cushioned on the lower end by Rs 500–490, according to Osho Krishan, Senior Research Analyst, Technical & Derivatives at Angel One.
Published 01 Jul 2024 05:30 PM


The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala
Union Finance Minister Nirmala Sitharaman described the victory of the BJP-led Mahayuti alliance as "unexpected and unprecedented," saying that the Maharashtra elections were not your typical assembly elections and that the result sent a strong message for "Viksit Bharat."Additionally, the Union Minister congratulated Devendra Fadnavis on his election as the Maharashtra BJP legislative party's leader."I congratulate all elected MLAs," Sitharaman stated at the legislative party gathering. I congratulate Devendra Fadnavis on his election as the legislative party's leader. The 14 crore votes cast in this election send a message to the entire country of India. This election was not your typical assembly election. Following the Lok Sabha elections, the country's voters clearly gave their consent in the elections of Haryana and Maharashtra. Maharashtra's unexpected and historic triumph.Sitharaman went on to say that Maharashtra's next "double-engine" administration will be more effective in all areas, including AI technology, industry, farmers, investment, and regional development. "I think that the uncertainty brought about by the previous governments, which were led by the Congress and coalition, exhausted the people of Maharashtra and the country. Under the PM's direction, the double engine government will seek to advance while meeting the PR.
Published 05 Dec 2024 08:33 PM


The Union Budget 2024 may see the government loosen the 45-day payment restriction for MSMEs.
According to insiders, the government may decide to loosen the rule requiring MSMEs to be paid for goods and services within 45 days of the purchase in order to deter big corporations from exploring alternative sources of funding This could be announced in the budget, which is expected to be delivered on July 23.Overview. The government is thinking about easing the 45-day payment deadline for MSMEs in an effort to keep big businesses from looking for alternative suppliers. It is possible that this modification to Section 43B(h) of the Income Tax Act would be disclosed in the forthcoming July 23 Budget. As per the Finance Act 2023's introduction of Section 43B(h) of the Income Tax Act, a larger company may face greater taxes if it fails to pay an MSME within the stipulated timeframe of 45 days for written agreements. This is because the firm cannot deduct the payment from its taxable income.The amendment was introduced to allow MSMEs to receive payments on time, but many of them expressed fear, according to sources. They said they were afraid that large corporations might ask their vendors to give up their MSME registration in order to do business with them, or they might shift their sourcing requirements to larger firms in an effort to protect their interests.
Published 09 Jul 2024 06:19 PM


2024 Budget Why this July, in July, Nirmala Sitharaman will release the budget
Nirmala Sitharaman would thus become the first finance minister to introduce seven Union Budgets in a row.The Union Budget 2024 for the fiscal year 2024–25 is anticipated to be presented by Finance Minister Nirmala Sitharaman in the second part of July. By doing this, she will beat Morarji Desai, who presented six consecutive Budgets, to become the first Finance Minister to present seven successive Union Budgets. The most comprehensive report of the central government's finances, the budget estimates the government's revenue and expenditures and includes information on all sources of revenue as well as government-incurred costs.In recent years, February 1 has been the day for the presentation of the Union Budget. On February 1st of this year, Nirmala Sitharaman presented the Interim Budget for FY24, given that it was an election year. This year's Lok Sabha elections saw the BJP-led National Democratic Alliance (NDA) defeat the opposition's INDIA alliance for the third time in a row. As a result, Nirmala Sitharaman will give the Union Budget in its entirety the following month.The 18th Lok Sabha's first session, which convened on June 24, is now in progress. The session, which ends on July 1, has already seen the swearing-in of new members and a joint sitting of the Rajya Sabha and Lok Sabha on June 27 during which President Droupadi Murmu delivered a speech.
Published 01 Jul 2024 06:26 PM


Road safety and enforcement checkpoints will be erected; the MP government eliminates transport checkposts at interstate boundaries.
The government of Madhya Pradesh is going to establish new road safety and enforcement checking stations and has eliminated the transport check posts at interstate borders. There will be 45 checking points set up initially, and until these points are operational, enforcement will be temporarily handled by mobile forces. Home guards, enforcement officers, and district transport office officials will make up these mobile units. With effect from today, the Madhya Pradesh government eliminated the transport checkpoints at the state's interstate borders and announced the establishment of new road safety and enforcement checkpoints.In the first phase of the state under the new system, 45 checking points will be implemented. In the interim, before the new checkpoints are prepared, mobile units made up of house guards, district transport office employees, and enforcement personnel will be established.In a video conference meeting with officials on Sunday at CM House, Chief Minister Mohan Yadav gave orders for district-level administrative and police personnel to assist the Transport Department in implementing the new system.
Published 12 Aug 2024 10:23 AM


According to Instagram, rubbing raw ginger can help clear up acne. Are dermatologists in agreement?
Another day, another Instagram beauty tip that has gone viral. You surely have a feed full of skincare tips on how to treat acne if you have it, like I do. Social media is using natural components from your kitchen, such as flax seeds for "botox" and raw garlic. This time, raw ginger is the focus, as influencers assert that applying it topically can help eradicate acne. It seems like a simple solution to acne, doesn't it?Innumerable videos of Indian skinfluencers with radiant skin can be found online these days, stating that the key isn't pricey facials but rather applying raw ginger directly to acne outbreaks to treat them right away. But is this spicy suggestion really supported by any science?To find out if this pattern is reliable, let's take a closer look and get some professional guidance.What are the opinions of experts? First, let's get this out of the way. Anything is not necessarily beneficial to your skin just because it is natural. particularly when used undiluted and raw. Senior consultant dermatologist Dr. Gulhima Arora of Mehektagul Dermaclinic states that ginger has only been indirectly shown to be effective in treating acne in scientific studies. It shouldn't be regarded as the primary or first line of treatment. She emphasizes that acne is a complex condition and that not all of its triggers can be addressed by a single spice.Dermatologist and Kaya Limited medical advisor Dr. Saranya B concurs, saying that using raw ginger to the face is not a clinically validated method of treating acne. Despite its antibacterial and anti-inflammatory qualities, direct application may irritate skin. According to Skin Smart Solutions' founder and principal dermatologist, Dr. Bindu Sthalekar, "there is no scientific proof that applying raw ginger topically treats acne." Theoretically, it might be beneficial, but only if taken in conjunction with other drugs and with good tolerance.
Published 17 Apr 2025 08:57 PM


How to get ready for a multilingual child
You can do a lot to set the stage for your child to learn the languages you want them to know before they are born.For every new parent, expecting a child—especially their first—is a lot. Where the baby will sleep, how to arrange for feeding, changing, and bathing, and how to set up your work schedule so that you or another caregiver can spend time with the child are just a few of the many unknowns and preparations that need to be made. If you are able to speak multiple languages, you might want your child to be able to speak them as well.Although this isn't always the case, many people in the English-speaking world know very little about any other language. Nearly 60% of EU citizens between the ages of 25 and 64 are "good" or "proficient" in at least one language other than their first. Many youngsters can anticipate having several first languages as they are born into households where multiple languages are spoken on a regular basis. It's possible that your parents speak various first languages or that you were raised speaking multiple first languages. Neither parent's first language may be the one spoken by the majority of people outside the family.You can do a lot to set the stage for your child to learn the languages you want them to know before they are born. Parents might talk about the language skills they hope their child will acquire. Which language or languages should your child learn as their first language from the beginning? Generally speaking, the original language or languages are more developed than subsequent languages. If more than three or four languages are involved, you might have to prioritize due to practical constraints. Making sure the child receives adequate, consistent exposure to and contact with each language they are learning is crucial. Parents frequently desire to engage with their infant in the
Published 03 Jan 2025 09:02 PM


Indian-American Miss India USA 2024, born in Chennai
Caitlin Sandra Neil, an Indian American girl from Chennai, won the title of Miss India USA 2024 at the yearly contest in New Jersey.Ms. Caitlin, 19, is a University of California, Davis second-year student. "I want to leave a positive lasting impact on my community and focus on women's empowerment and literacy," Caitlin was quoted as saying in a press statement.Ms. Caitlin was born in Chennai, India, and has spent the previous 14 years in the United States. She aspires to work as a web designer in addition to modeling and acting.In the pageant run by the India Festival Committee (IFC), Sanskriti Sharma from Illinois was named Mrs. India USA, and Arshita Kathpalia from Washington was crowned Miss Teen India USA. Caitlin Sandra Neil and Sanskriti Sharma were crowned Miss India USA 2023 by Rijul Maini and Mrs. India USA 2023 by Sneha Nambiar. In the Miss India USA contest, Manini Patel of New Jersey and Nirali Desia of Illinois were crowned first and second runners-up, respectively. In the Mrs. India USA contest, Virginia's Sapna Mishra and Connecticut's Chinmayee Ayachit were crowned first and second runner-up, respectively. According to the press release, Sonali Sharma and Dhriti Patel of Rhode Island were named the teen category's first and second runners-up, respectively. Twenty-five states sent forty-seven participants to compete in the pageant's three divisions.
Published 21 Dec 2024 03:41 PM


The "dumbest thing on the internet" viral video features an influencer using green chillies as a "natural lip plumper."
Online criticism of the possible health hazards of using green chilli as a "lip plumper" erupted when a Delhi-based beauty influencer's video went popular.After publishing a contentious beauty tip online, a Delhi-based beauty blogger has created a stir by using a green chilli as a "natural lip plumper." Shubangi Anand uploaded the video to Instagram, and in a matter of days, it has received over 21 million views.Shubangi holds a green chilli in the beginning of the film, slices it, and then presses the exposed end to her lips. The apparent effects of the chilli begin to take effect as she proceeds with the procedure. She inhales deeply, tints her lips, and adds a glossy finish to complete her appearance. Her followers are encouraged to attempt the unconventional method themselves by the caption, which asks, "Would you try?" and includes emojis of fire and chilli.
Published 09 Dec 2024 08:43 PM


BCCI vice-prez Rajeev Shukla says the IPL 2025 will start on March 23. The Champions Trophy squad announcement date has been announced.
Rajeev Shukla said the IPL 2025 starts on March 23 and disclosed the date for India's Champions Trophy team release.Vice-president Rajeev Shukla of the Board of Control for Cricket in India (BCCI) has confirmed that the much-anticipated Indian Premier League (IPL) 2025 would begin on March 23. Shukla disclosed the tournament's start date to the media on Sunday after the BCCI general meeting.Important decisions pertaining to the management of Indian cricket were taken at the BCCI meeting on January 12 in addition to the announcement of the IPL's start date. According to Shukla, Prabhtej Singh Bhatia has been elected as the BCCI treasurer, while Devajit Saikia will take Jay Shah's place as the organization's new secretary. He added that the 2025 Women's Premier League (WPL) venues will be revealed soon, and that the Champions Trophy teams meeting will be held between January 18 and 19. However, there have been differing claims regarding the IPL's start date. According to ESPNCricinfo, the competition will really commence on March 21. According to a BCCI insider cited by PTI, the competition would start on "March 20 or 21."Gautam Gambhir and Indian captain Rohit Sharma attended the review meeting on Saturday in response to India's dismal showing in the Border-Gavaskar Trophy, where the team lost 1-3 to Australia. Another 0–3 clean-sweep loss to New Zealand at home came before the series. "The Border Gavaskar Trophy performance, what went wrong, and the necessary course adjustment were all covered in depth. However, do not anticipate a hasty decision from the new BCCI administration," a source familiar with Board events told PTI under anonymity.
Published 13 Jan 2025 09:45 PM


The 'Made of Bold' sports development initiative is launched by RCB.
RCB's "Made of Bold Sports Development Programme" was started with the goal of identifying and developing athletes from all over the world.To find talent and develop athletes from all over the world, the Royal Challengers Bengaluru (RCB) started the "Made of Bold Sports Development Programme."On Thursday, the RCB issued a statement that read, "With a vision to unearth talent and nurture athletic champions from across regions, the Royal Challengers Bengaluru (RCB) are elated to announce the Made of Bold Sports Development Programme launch.""RCB's larger goal of creating a Sports Forward Nation, which aims to create a strong and sustainable sports ecosystem for India, includes the Made of Bold program as a key component. In order to promote active sports growth in the nation, this initiative seeks to find and develop athletes as well as start a conversation among important industry players," Rajesh Menon, Vice President and Head of RCB, stated in a news release. "We firmly think that when communities and sports come together, everyone benefits in the long run. This is for the socioeconomic impact on the neighborhood as well as for the talent that has been found and developed. With an emphasis on using sports as a bridge to underprivileged areas, we hope to accomplish this through RCB's Made of Bold Sports Development Programme in support of long-term development," he continued.Shreyanka Patil, the star cricket player for the Royal Challengers Bangalore (RCB), spoke on the program, saying, "I am very excited to see the 'RCB's Made of Bold Sports Development Programme' begin. Creating inclusivity and providing a platform for athletes and their communities to flourish is exactly what we Indian athletes need. This program is a good start for India, a huge country with a lot of unrealized sporting potential.
Published 21 Dec 2024 03:44 PM

In a live interview, Jasprit Bumrah gives Sanjana Ganesan a hug the video goes viral online.
In addition, Jasprit Bumrah won Player of the Tournament with 15 wickets in eight games.After Team India won the T20 World Cup 2024, the hurts from their failure in the ODI World Cup 2023 final were salted on Saturday. In the last game, Team India defeated South Africa by a margin of seven runs, led by captain Rohit Sharma. India played brilliantly and were undefeated throughout the competition. One of the main factors in India's triumph at the major tournament was pacer Jasprit Bumrah, who drove his side to victory in numerous games with his amazing spells.Bumrah Jasprit gives Sanjana Ganesan a hug. Video Breaks the Internet During a Live InterviewIn addition, Jasprit Bumrah won Player of the Tournament with 15 wickets in eight games.Sports Desk on NDTVUpdated at 02:19 PM IST on July 01, 2024Two minutes to read In a live interview, Jasprit Bumrah gives Sanjana Ganesan a hug; the video goes viral online. Sanjana Ganesan and Jasprit Bumrah together© X (Twitter) After Team India won the T20 World Cup 2024, the hurts from their failure in the ODI World Cup 2023 final were salted on Saturday. In the last game, Team India defeated South Africa by a margin of seven runs, led by captain Rohit Sharma. India played brilliantly and were undefeated throughout the competition. One of the main factors contributing to India's victory in the majorThe fans were astonished by the top pacer's performance. Such "couple goals" moments are what Bumrah and Sanjana are renowned for providing their fans with. In eight matches, Bumrah took 15 wickets and won Player of the Tournament. He was instrumental in India's triumph over the Proteas in the summit confrontation. You can only listen to the newest music on JioSaavn.com. "Normally, I'm the one who makes an effort to control my emotions so that I can concentrate on my work, but right now, my emotions are taking control and I'm running out of words. After a game, I don't normally cry, but this one feels very meaningful. We thought we were in trouble halfway through, but to pull off a victory like this is
Published 01 Jul 2024 05:26 PM


Shah Rukh Khan declared he would give a flying kiss to celebrate winning the IPL. Rana Harshit
Rana was instrumental in the Kolkata Knight Riders' IPL victory, taking 19 wickets in 13 matches. The Delhi speedster's aim is to play for India after his breakout IPL season.The Kolkata Knight Riders (KKR) team ran on the engine of Harshit Rana, who went on to win the championship three times. Harshit, the uncapped Indian bowler, came through for his team during the first half of the IPL when Mitchell Starc was having trouble keeping his rhythm. In 13 games, he claimed 19 wickets. After being interviewed by The Indian Express, Harshit, 22, talks about his experience in the IPL, what Shah Rukh Khan promised him, why he began playing cricket, and his future aspirations.
Published 12 Aug 2024 10:24 AM


The PM claims that concentrating only on commerce in the South Pacific won't help New Zealand "get rich."
Important Points The most recent nation to enter into an economic alliance with the United Arab Emirates is New Zealand. The prime minister of New Zealand told CNBC that in order to find economic prospects, the South Pacific island nation must go outside of its immediate area. Prime Minister Christopher Luxon sees an opportunity to increase bilateral trade between the UAE and New Zealand through the free trade agreement inked on Monday.As the South Pacific island nation forges an economic alliance with the United Arab Emirates (UAE), the prime minister of New Zealand told CNBC that the nation must search for trade prospects outside of its immediate borders. Prime Minister Christopher Luxon views the free trade agreement, officially known as the Comprehensive Economic Partnership Agreement (CEPA), as an opportunity to increase bilateral trade between the two nations and positions the United Arab Emirates as one of the Middle East's biggest marketplaces.Luxon told CNBC Monday, "We have a long-standing relationship that dates back more than 40 years of diplomatic recognition, and the opportunity now is to deepen and broaden the economic relationship. "The signing of the CEPA and the bilateral investment treaty is crucial because, in reality, these two small, developed economies share many values and similarities, and we hope to be able to collaborate and strengthen our relationship.
Published 15 Jan 2025 07:59 PM


As the nation commemorates the centennial of Vajpayee's birth, his legacy endures.
The centennial of Atal Bihari Vajpayee honors his important political accomplishments to India. He served a full term as India's first prime minister who was not a member of the Congress. Vajpayee continues to play an admirable role in Indo-Pakistan ties, coalition politics, and effective administration. He was a great statesman and orator who had a long-lasting effect on national policy and parliamentary democracy in India.Using his trademark flourish, Atal Bihari Vajpayee made one of his most well-known predictions during the BJP's first convention at Shivaji Park in Mumbai on December 30, 1980: "Andhera chhatega, suraj niklega, kamal khilega" (darkness will end, the sun will rise, lotus will bloom). His remarks have held up well as the centennial of his birth approaches, with lotuses in full bloom and the BJP regaining control of the center for a third consecutive term.Vajpayee assisted the BJP in gaining traction when its cultural goal was viewed as anathema, if Prime Minister Narendra Modi made it the focal point of national politics.In a world full of powerful satraps, India's first non-Congress prime minister to serve a full term was a statesman politician and an unmatched orator who garnered admiration and respect from people on both sides of the political spectrum. He stood tall with his natural democratic spirit, which he had developed over decades of opposition.
Published 24 Dec 2024 10:43 PM


The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala
Union Finance Minister Nirmala Sitharaman described the victory of the BJP-led Mahayuti alliance as "unexpected and unprecedented," saying that the Maharashtra elections were not your typical assembly elections and that the result sent a strong message for "Viksit Bharat."Additionally, the Union Minister congratulated Devendra Fadnavis on his election as the Maharashtra BJP legislative party's leader."I congratulate all elected MLAs," Sitharaman stated at the legislative party gathering. I congratulate Devendra Fadnavis on his election as the legislative party's leader. The 14 crore votes cast in this election send a message to the entire country of India. This election was not your typical assembly election. Following the Lok Sabha elections, the country's voters clearly gave their consent in the elections of Haryana and Maharashtra. Maharashtra's unexpected and historic triumph.Sitharaman went on to say that Maharashtra's next "double-engine" administration will be more effective in all areas, including AI technology, industry, farmers, investment, and regional development. "I think that the uncertainty brought about by the previous governments, which were led by the Congress and coalition, exhausted the people of Maharashtra and the country. Under the PM's direction, the double engine government will seek to advance while meeting the PR.
Published 05 Dec 2024 08:33 PM


Election 2024 Live By 1 pm, voter turnout in Maharashtra was 32.18%, while in Jharkhand, it was 47.92%.
Election 2024 Live: On Wednesday, by-elections are being held for 15 assembly seats in Uttar Pradesh, Punjab, Kerala, and Uttarakhand in addition to the Maharashtra and Jharkhand legislative assembly elections.Election 2024 Live: On Wednesday, November 20, Maharashtra and Jharkhand will hold assembly elections. All 288 seats in the Legislative Assembly of Maharashtra are up for election in a single phase. But in Jharkhand, where voting for 43 constituencies was held on November 13 with a 64.86 percent voter turnout, polling is being held for the remaining 38 seats. has been is now being is just being is really being is still being is already being is also being has been being is always being is only being was already being will be can be itself is must be would be also is could be may be might be had been is should be being was then is then is now is mostly is really is always is again is sometimes is also is already is further is just is either is first is often gets is only is still is even has already beenBy-elections for 15 assembly seats in Uttar Pradesh, Punjab, Kerala, and Uttarakhand are also taking place on Wednesday in addition to the legislative assembly elections in these two states. Voting in Maharashtra's 288 constituencies began at 7 a.m. and will end at 6 p.m. There are 9,64,85,765 registered voters in Maharashtra, including 1,16,355 service voters. In the entire state, 1,00,186 polling places have been set up by the Election Commission of India (ECI).Since the most recent assembly elections, Maharashtra's political climate has undergone substantial changes. Former allies the BJP and Shiv Sena ran against the Congress and the NCP, led by Sharad Pawar. The Congress, NCP, and Shiv Sena formed the Maha Vikas Aghadi (MVA) coalition after the BJP-Shiv Sena alliance broke up due to disagreements over the chief minister's responsibilities. In contrast, polling in Jharkhand started at 7 am at 14,218 polling places and will run until 5 pm, with the exception of 31 booths, which will close at 4 pm.
Published 20 Nov 2024 04:53 PM
Entertainment
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Sports Trend


BCCI vice-prez Rajeev Shukla says the IPL 2025 will start on March 23. The Champions Trophy squad announcement date has been announced.
Published 13 Jan 2025 09:45 PM


The 'Made of Bold' sports development initiative is launched by RCB.
Published 21 Dec 2024 03:44 PM


An ex-Indian star names-drops Sachin Tendulkar in a massive piece of advice, asking, "Can Virat Kohli Do That?"
Published 19 Dec 2024 10:22 PM


Regarding his relationship with Gukesh, Viswanathan Anand said, "He's a fun guy, laughs a lot… we often sit and discuss chess."
Published 14 Dec 2024 08:57 PM
Political Trends
- As the nation commemorates the centennial of Vajpayee's birth, his legacy endures.
- The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala
- Election 2024 Live By 1 pm, voter turnout in Maharashtra was 32.18%, while in Jharkhand, it was 47.92%.
- BRICS Summit, 2024, at night After six years, Narendra Modi and Chinese President Xi Jinping will have formal meetings.
- Jaishankar reveals the Modi 3.0 government's priority areas.
Finance & Stock Market Trend
All Trending News in Asia


PM Modi To Address Entrepreneurs At Startup Mahakumbh
Prime Minister Narendra Modi will address entrepreneurs and all stakeholders at the 'Startup Mahakumbh' on Wednesday. The Prime Minister said that India's strides in the world of startups have been phenomenal in the last few years. In a post on X, PM Modi said, "At 10:30 AM tomorrow, I will be speaking at the Startup Mahakumbh, a forum which brings together stakeholders from the world of Startups, innovators and upcoming entrepreneurs. India's strides in the world of Startups have been phenomenal in the last few years." Startup Mahakhumbh 2024 commenced at Bharat Mandapam in New Delhi on 18 March. According to the Ministry of Electronics and IT, with the resounding theme of 'Bharat Innovates,' the event aims to serve as a catalyst for innovation, networking and growth opportunities across various sectors. Startup Mahakumbh, India's largest and first-of-its-kind startup event, registered record participation, serving as a vibrant platform for all stakeholders in the Indian startup ecosystem. The confluence of stakeholders and experts is expected to help further develop emerging sectors like DeepTech, AgriTech, BioTech, MedTech, AI, Gaming, etc, the Commerce Ministry said on Tuesday. "The event, designed to foster innovation and entrepreneurship across India, witnessed an unparalleled level of participation from leading investors, innovators and aspiring entrepreneurs. The event is hosting over 2000 startups, 1000+ investors, 100+ unicorns, 300+ incubators & accelerators, 3,000+ conference delegates, 10+ country delegations, 3000+ future entrepreneurs and 50,000+ business visitors from across the country. The event has witnessed vibrant discussions on way forward and networking between all the stakeholders," the ministry said. (ANI)
Published 21 Mar 2024 09:55 PM


B Capital closes second Opportunities Fund at $750 million
Global investment firm B Capital, which has backed prominent Indian startups such as Byju's, Pharmeasy and Meesho, on Tuesday announced the close of its second Opportunities Fund at $750 million.The fund saw participation from existing and new investors as well as global private and public pensions, family offices, high-net-worth individuals, and sovereign wealth funds, the multi-stage investment firm said in a statement on Tuesday. Through this fund, the firm will actively look to make primary and secondary investments in later-stage companies across B Capital’s core sectors of technology, healthcare, and climate tech, with a focus on North America and Asia. “Our strategy is to back great founders early and to support them throughout their entrepreneurial journey. We are grateful for our investors, who enable us to continue to support our companies during a time when capital remains scarce," said Raj Ganguly, co-founder and co-CEO of B Capital.While a bulk of this fund, which the investment firm claims to be double the size of its previous fund, will be used to make follow-on investments in existing portfolio companies, it will also invest in new companies. B Capital had not responded to Mint's queries on the first fund till press time. “In this challenging environment for many private tech companies, we are pleased to have nearly doubled the capital we have available to back the best founders in the B Capital portfolio and other entrepreneurs we have closely followed," said Eduardo Saverin, co-founder and co-CEO, B Capital. In June, B Capital, through its new fund, invested in Icertis, an existing portfolio company that focuses on contract intelligence software and services companies such as Microsoft, Google and Daimler.
Published 21 Mar 2024 09:54 PM


J&Ks new startup policy to boost entrepreneurial spirit in students, women and HNIs. All you need to know
The Jammu and Kashmir administration, chaired by Lieutenant Governor Manoj Sinha, on February 23 gave the nod to a fresh startup policy aimed at establishing 2,000 new startups in the Union Territory by 2027, an official spokesperson told PTI.The newly approved policy focuses on providing entrepreneurship support facilities to students, women, and entrepreneurs. Support will be extended through government, private entities, and high-net-worth individuals (HNIs) to facilitate the setup of startups, it added. The Administrative Council (AC) convened under the chairmanship of Lieutenant Governor Manoj Sinha approved the J&K startup policy 2024-27, superseding the policy announced in 2018.As part of the initiative, the Jammu and Kashmir administration plans to establish a Venture Capital Fund of ₹250 crore. An initial capital injection of up to ₹25 crore will be infused into the fund.The venture capital fund will primarily invest in recognised startups within J&K. Detailed modalities for the fund's creation and usage will be worked out in consultation with the finance department.The J&K Entrepreneurship Development Institute (JKEDI) is expected to develop a mechanism for the allotment of land to startups displaying significant growth potential. Furthermore, one-time assistance in the form of seed funding, up to ₹20 lakh (provided in four equal instalments), will be offered to startups recognised by JKEDI. This seed funding support will have a cap of 25 startups per year, aligning with budget constraints and the goal of effectively supporting a manageable number of startups.The government aims to establish 2,000 startups over the next three years. While prioritising quantity, the administration emphasises supporting a smaller number of carefully selected startups with seed funding.
Published 21 Mar 2024 09:53 PM


What prevents a business from scaling sustainably?
School kids are familiar with the word ‘scale’ and most use it interchangeably with ‘ruler’. Technically they are wrong because scale and ruler are not the same. Simply put, a scale is a unit measured through a series of marks on a measuring tool or device, such as a ruler.Ensuring consistent product or service quality while scaling is vital. Quality control and customer satisfaction must not be compromised. Cash Flow Management: Rapid growth can strain cash flow. Managing expenses and revenue to avoid cash flow problems is crucial.
Published 21 Mar 2024 09:52 PM


Karnataka Vikas Grameena Bank launches ‘Vikas Spoorty’
Scheme provides a hassle-free loan without collateral security and surety to meet the needs of small entrepreneurs, says KVGB’s Chairman Shreekanth M Bhandiwad Karnataka Vikas Grameena Bank (KVGB) has launched a new loan scheme called ‘Vikas Spoorty’ to strengthen the rural credit delivery system and also to motivate the common man to take up income-generating activities on a smaller scale. Launching this scheme in Dharwad, Shreekanth M Bhandiwad, Chairman of KVGB, said this scheme is a hassle-free loan without collateral security and surety aimed at meeting the genuine credit needs of small entrepreneurs. It links repayment of the loan to the small amounts contributed by them on a daily basis to their ‘Daily Deposit’ scheme of the bank (pigmy account) at their doorsteps. The loan accounts of such customers often become overdue not because of any intentional wilful default on their part, but because of the difficulty faced by them in visiting branches frequently to make repayment of small amounts. At the same time, on account of the subsistence level of income from their enterprises, they are not in a position to accumulate adequate savings to pay the monthly installment in one lump sum, he said. Customers who intend to take up income-generating activities such as manufacturing, retail trade, small business, artisan activity, handicrafts, and farm activities such as small dairy, poultry, sheep and goat units will be considered for extending need-based credit, he said. Under this scheme, people may avail a minimum loan of ₹50,000 and a maximum of ₹2,00,000. But the customer shall open a ‘Daily Deposit’ (pigmy) account and contribute regularly to it to service the repayment of instalment and interest for the loan, he added.
Published 21 Mar 2024 09:52 PM


‘Shark Tank India’ judge Namita Thapar silences trolls who claimed she succeeded with ‘daddy’s money’
‘Shark Tank’ judge Namita Thapar recently silenced her naysayers with witty rebuttals on Reddit. The entrepreneur, who recently held an ‘Ask Me Anything’ session on Reddit, was initially taken aback when a Reddit user attacked her personally, stating that she would be nowhere with “Daddy’s money,” thereby implying that the entrepreneur owes her massive wealth to he father Satish Mehta, who found Emcure Pharmaceuticals. Instead of losing her cool, Thapar had a befitting reply for her hater. “I am a CA (first attempt)...MBA ...fantastic credentials ...I'm sure I would do just fine even without daddy money my friend!"Although the ‘Shark Tank India’ judge was backed by some users, one of them asked her how she could guide budding entrepreneurs on how to build their businesses, if she did not build her empire from scratch, to which the Thapar Entrepreneur Academy founder replied, “Scaling a family business requires an entrepreneurial mindset too. ”Before signing off, Thapar advised followers to check out the investments she mentioned in ‘Shark Tank India.’ "Check out my 18 investments in Season 1 and 16 in Season 2 (so far)...they are all diverse industries....the business has to excite me and i have the humility to back out where I feel I can't add value," she wrote. "But yes I am a 'selective' investor... that's my unapologetic style." One of the most celebrated names in India Inc. Thapar is the Executive Director of Emcure Pharmaceuticals. She is also a member of the jury at the popular startup-focused reality TV show ‘Shark Tank India’.Thapar is an alumna of the prestigious Fuqua School Of Business, Duke University. She has a networth of Rs 600 crore.
Published 21 Mar 2024 09:51 PM


CCI denies interim order restricting Google from charging its service fee
“The Commission is of the considered opinion that no case whatsoever has been made out by the informants which warrant the grant of interim relief. Resultantly, the applications stand dismissed,” said the CCI while rejecting the plea by app developers in its order.The Competition Commission of India (CCI) on Wednesday declined an interim relief order that would restrain Google from levying service fees on app developers until a final decision is made by the regulator. The CCI also said the Director General (DG) would continue its investigation as ordered by the commission in its March 15 order.“The DG shall investigate without being swayed in any manner whatsoever by the observations made herein,” the order reads. The regulator in its order said that while there might be concerns about the fairness of Google’s fee structure, it was essential to recognise the costs and responsibilities associated with maintaining and operating app stores. Google had argued that restricting it from charging a fee in the interim would virtually mean that the tech giant would have to provide its Playstore for free to developers in India. “No other court or regulator has passed a similar relief despite repeated requests. This recognises that Google cannot provide its platform without any consideration, especially when developers continue to charge their users for digital in-app purchases and enjoy the services of Play,” said the CCI in its order.The plea was submitted by People Interactive India, which has brands such as Shaadi.com, and Sangam.com, and Mebigo Labs Pvt Ltd that owns the brand Kuku FM along with the Indian Broadcasting and Digital Foundation (IBDF) and the Indian Digital Media Industry Foundation (IDMIF). “While it is essential to ensure a level playing field and protect competition within the app store market, any measures taken should be proportionate and carefully crafted to minimise unintended consequences and preserve the overall integrity and functionality of the platform ecosystem,” it further read.Attempts to reach out to People’s Group, ADIF, and others were unsuccessful as no response was received.
Published 21 Mar 2024 09:50 PM


Tata Sons to sell 23.4 mn TCS shares worth Rs 9,362 crore in block deal
This marks the second significant block deal in the domestic markets this month, following British American Tobacco’s (BAT’s) sale of a 3.5 per cent stake in ITC on March 13 to raise Rs 17,485 crore ($2.1 billion).Tata Sons is set to divest a 0.65 per cent stake in its flagship Tata Consultancy Services (TCS) on Tuesday in the open market, according to a term sheet. It will offload 23.4 million shares at a floor price of Rs 4,001. The base price, which is 3.7 per cent lower than the TCS stock’s last close, will enable Tata Sons to raise Rs 9,362 crore ($1.13 billion). JP Morgan and Citi are the investment banks handling the share sale.TCS’ shares fell 1.8 per cent on Monday to close at Rs 4,144 apiece, giving the software exporter a valuation of Rs 15 trillion. Currently, Tata Sons holds a 72.38 per cent stake in TCS, valued at Rs 10.9 trillion. In December, Tata Sons raised nearly Rs 12,300 crore by tendering shares of TCS in its Rs 17,000 crore buyback. The buyback price was set at Rs 4,150 per share. Since 2017, Tata Sons has raised about Rs 54,000 crore by tendering shares in buyback. Over the past year, TCS shares have gained nearly 33 per cent, slightly outperforming the Nifty50 index, which has risen 30 per cent.Recently, Tata Sons has been in the news following brokerage reports suggesting that the holding company will need to list by September 2025 to comply with Reserve Bank of India (RBI) requirements. Tata Sons, registered as a core investment company, is classified as an “upper-layer” non-banking financial company (NBFC) by the central bank.A report by Spark PWM (formerly Spark Family Office and Investment Advisors) suggested that if listed, Tata Sons could command a market value between Rs 7 trillion and Rs 8 trillion. Tata Sons has used its dividend income to either write-off bad assets or to fund new ventures, such as e-commerce and its recent foray into the semiconductor sector. The Tata group is setting up the country's first semiconductor fabrication plant in Dholera (Gujarat), in partnership with Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC) with an investment of Rs 91,000 crore. Also, Tata Semiconductor Assembly and Test is establishing a chip assembly and testing unit in Morigaon (Assam) with an investment of Rs 27,000 crore.
Published 21 Mar 2024 09:47 PM


Paytm Payments Bank: PPBL issues FAQ on refunds, balance of FASTag accounts after March 15
March 15 is the last day after which customers won't be able to top up or add to their balance. The Reserve Bank of India has said that the customers can continue to use their current balance for toll payments even after March 15. Paytm Payments Bank Ltd (PPBL) on March 15 issued an FAQ for its customers on how to get a refund of security and minimum balance of FASTag accounts. March 15 is the last day after which customers won't be able to top up or add to their balance. The Reserve Bank of India has said that the customers can continue to use their current balance for toll payments even after March 15. The Paytm Payments Bank FAQ has also said the same thing. According to the FAQ, customers can continue to use FASTag to pay at enabled toll and parking merchants up to the available balance in their wallet. "The Reserve Bank of India (RBI) has issued a directive restricting Paytm Payments Bank from accepting new deposits or allowing credit transactions after March 15, 2024. However, you can continue to use your FASTag to pay at enabled toll and parking merchants’ up to the available balance in your wallet. Additionally, no further funding or top ups will be allowed in the FASTags issued by Paytm Payments Bank after March 15, 2024. It is suggested that you procure a new FASTag issued by another bank before March 15, 2024 to avoid any inconvenience. The directive does not impact your existing balances and your money is safe with our Bank."On January 31, the central bank barred Paytm Payments Bank from accepting fresh deposits or top-ups. Initially, it had fixed the deadline for February 29, 2024. Later, the deadline was extended by 15 days to March 15, 2024. The bank added that the customers cannot add fresh funds or top-ups in the FASTags issued by Paytm Payments Bank after March 15. The RBI had published a set of Frequently Asked Questions (FAQs), mentioning the alterations in services and what customers should be cognisant of post the stipulated date. Here's a quick look at services will continue and those which won't after March 15. Regarding FASTag accounts, the RBI said: "You can continue to use your FASTag to pay toll upto the available balance. However, no further funding or top ups will be allowed in the FASTags issued by Paytm Payments Bank after March 15, 2024."On FASTag recharge, RBI said: "No. After March 15, 2024 you will not be able to top-up or recharge your FASTag issued by Paytm Payments Bank."
Published 21 Mar 2024 09:47 PM


Sensex bounces 335 pts, Nifty ends at 22,146.65; Adani Enterprises soars over 6%
In the barometer index, the S&P BSE Sensex gained 335.39 points or 0.46% to 73,097.28. The Nifty 50 index added 148.95 points or 0.68% to 22,146.65.The domestic stock market rebounded on Thursday, fueled by buying across most sectors. The Nifty 50 ended near 22,150, recovering from an intraday low of 21,917.50. Expiring weekly index options on the NSE caused volatile trading. Oil & gas, metals, and media stocks saw strong demand, while banks and financials dipped. However, analysts warn of potential overvaluation in some mid-and small-cap stocks. This comes after market regulator Sebi raised concerns about "frothy" valuations in these segments and urged mutual funds to moderate their investments. The stress test results from these mutual funds are due on March 15th. Adani Enterprises (up 6.29%), Adani Ports & SEZ (up 5%) and Infosys (up 2.53%) boosted the indices.The broader market rallied. The S&P BSE Mid-Cap index jumped 2.28% and the S&P BSE Small-Cap surged 3.11%.The market breadth was strong. On the BSE, 2679 shares rose and 1197 shares fell. A total of 82 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 5.61% to 13.62.Fitch Ratings raised India's GDP growth forecast for the next fiscal year (FY25) to 7% from their previous estimate of 6.5%. They expect the strong economic growth to continue. The rating agency also expects a reduction in interest rates by the Reserve Bank of India (RBI) and a decline in inflation by the end of 2024. Meanwhile, India's wholesale price inflation fell to a four-month low of 0.20% in February, compared to 0.27% in January. This is the first time inflation has been positive since October 2023. The increase is mainly due to rising prices of food, crude oil, and manufactured goods. The yield on India's 10-year benchmark federal paper rose 0.07% to 7.044 as compared with the previous close of 7.039. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 82.8225, compared with its close of 82.8100 during the previous trading session.
Published 21 Mar 2024 09:46 PM


Sensex sheds 906 pts, Nifty slips below 22k amidst turmoil in small-, mid-cap segments
Sensex, Nifty updates on 13 March 2024: Stock markets experienced significant turmoil, with the BSE Sensex declining 906.07 points, or 1.23%, to 72,761.89 and the NSE Nifty falling 338 points, or 1.51%, to 21,997.70. On the BSE, number of stocks hitting lower circuit reached 1,087 against 118 stocks that hit upper circuit. Market breadth was negative, with 3,521 stocks declining, 404 advancing, and 60 remaining unchanged. Among the sectoral indices, Nifty realty, metal, and media declined over 6% each. Nifty Smallcap 100 declined 5.28%, while Nifty Midcap 100 was down by 4.40%. Concerns about excessive valuations in mid- and small-cap segments prompted mutual funds to halt lump sum investments in these categories. Market experts emphasised caution, given the volatility in these segments. They also highlighted the potential for further declines. Within the Sensex pack, ITC, ICICI Bank, Kotak Mahindra Bank, Nestle India, Bajaj Finance and HDFC Bank were the only gainers. On the other hand, Power Grid Corporation was the major laggard with a 7.28% erosion in share value.Stock Market| Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 13 March 2024.
Published 21 Mar 2024 09:45 PM


US stocks fall as investors brace for Fed decision
US stocks fell slightly on Wednesday as investors braced for the outcome of the Federal Reserve’s policy meeting.Fed policymakers will conclude their two-day meeting later in the day. At 9:49 a.m. ET, the Dow Jones Industrial Average was down 20.12 points, or 0.05 per cent, at 39,090.64, the S&P 500 was down 4.55 points, or 0.09 per cent, at 5,173.96, and the Nasdaq Composite was down 32.36 points, or 0.20 per cent, at 16,134.43. At the opening bell, the Dow Jones Industrial Average fell 38.71 points, or 0.10 per cent, to 39,072.05. The S&P 500 opened higher by 3.18 points, or 0.06 per cent, at 5,181.69, while the Nasdaq Composite gained 18.97 points, or 0.12 per cent, to 16,185.76. Shares of Tesla gained 0.3 per cent, Chipotle surged 6.2 per cent, and Intel rose 1.2 per cent, The Treasury yields were steady in the bond market. The US dollar gained for a fifth straight session on Wednesday, rising 0.5 per cent. European stock markets mostly dropped ob Wednesday. Britain’s FTSE 100 edged down 0.2 per cent at 7,724.13 points. France’s CAC 40 fell 0.5 per cent at 8,156.48. Germany’s DAX rose 0.2 per cent at 18,021.17. Euro Stoxx 50 lost 0.1 per cent at 5,002.03.In Asian stock markets, China's Shanghai Composite gained 0.6 per cent at 3,079.69. Hong Kong’s Hang Seng Index added 0.1 per cent at 16,543.07. Brent crude futures for May were down 72 cents or 0.82 per cent at $86.66 a barrel by 1201 GMT. US West Texas Intermediate futures for April delivery, which expire on Wednesday, fell 84 cents or 1.01 per cent to $82.63. Gold prices drifted lower on Wednesday on the stronger US dollar. Spot gold dipped 0.2 per cent to $2,152.52 per ounce by 1335 GMT.
Published 20 Mar 2024 09:52 PM