Asia News & Trends

We ought to expose ourselves to international criticism and benchmarking: Sinha Dheeraj

The confluence of systemic disruption and institutional heritage necessitates a leadership mindset that views transformation as an operational mandate rather than a danger. In this open conversation with Adgully, Dheeraj Sinha, who serves as both CEO of McCann India and President of The Advertising Club of India, describes a radical redesign of the nation's top creative standard, the ABBY Awards.Sinha diagnoses a business at a critical crossroads, moving significantly past the idealized period of the solitary "Big Idea." In order to accommodate the consumer's non-linear journey, he describes an ecosystem in which the conventional boundaries between data, commerce, and storytelling must be totally dissolved.The 57-year-old ABBYs platform has a great deal of credibility, respect, and confidence. That legacy is significant, but we also need to change with the times. We added new categories in AI, media innovation, data, B2B, sustainable development objectives, and influencer marketing this year. Since everything is mobile these days, we also eliminated unnecessary categories like mobile. All four of the global jury chairs are CEOs from major international networks. Even Indian jury chairs have judged in Cannes on a global scale. This considerably raises the bar for the honors. The ABBYs are now, in my opinion, "made in India for the world." Based on my experience at Burnett and FCB, work that was successful at the ABBYs was equally successful at Cannes and other international venues.The Advertising Club has established itself as a leader in the field. Although we don't claim to have all the solutions, we think the industry is dealing with a number of significant issues related to AI, structure, influencers, and the future of agencies. It is our responsibility to start discussions that assist the industry in finding solutions. We'll accomplish this through industry initiatives, award platforms, and conversations. The platform needs to be very current and respectable from a values standpoint. Ernst & Young has been hired to audit the awards procedure because of this. Making sure the platform stays in line with global trends is the aim.  

Published 22 May 2026 05:53 PM

Avinash Tiwary is promoted to Managing Partner by Havas Media Network India.

Avinash Tiwary has been elevated to Managing Partner at Havas Media Network India. Tiwary led the network's digital transformation, media strategy, and customer support operations as the Head of Digital Services for the North area prior to this promotion. Tiwary updated his LinkedIn profile to reveal his new position.Tiwary established a strong professional network with some of the top international advertising companies in the nation before to joining Havas Media Network India. Among his previous agency positions are those at the Crescent Group, Omnicom Media Group (OMG), and Dentsu. Avinash Tiwary has been promoted to Managing Partner by Havas Media Network India. Tiwary oversaw the network's digital strategy and services for the area as Head of Digital Services, North, prior to this promotion. Tiwary posted an update on LinkedIn on the development. He offers expertise in campaign execution, SEO, media planning and purchasing, digital strategy, and ad technology platforms, such as DoubleClick. Tiwary worked for a number of companies before joining Havas Media Network India, including Dentsu, Omnicom Media Group, and Crescent Group.    

Published 18 May 2026 03:09 PM

Nitin Gadkari responds to Shekhar Sumans Marathi language query on Shekhar Tonight, saying You Are A Bihari Too

Fourteen years later, Shekhar Suman makes a comeback with a brand-new late-night talk program called Shekhar Tonite. In the first episode, he invites Union Minister for Road Transport and Highways, Mr. Nitin Gadkari, for one of his infrequent and open discussions. ~Shekhar Suman is returning with Shekhar Tonite, this time on YouTube, after a fourteen-year hiatus. As only he can, he offers viewers poignant discussions, witty humor, and compelling viewpoints. Mr. Nitin Gadkari, the Union Minister for Road Transport and Highways, is the first guest on the show to kick off this exciting new chapter. Gadkari discussed language, politics, public accountability, and the value of unity in variety in a very interesting and thought-provoking discussion. Speaking fervently about Maharashtra and the Marathi language, he considered how residing outside of the state helped him to fully appreciate the significance of Marathi identity and culture. "We are proud of the Marathi language, Marathi culture, Marathi theater, Marathi literature, Marathi songs, and Marathi poets like Arun and Shridhar Phadke," Nitin Gadkari said when discussing the same topic. I became fully aware of the significance of Marathi when I began to spend more time outside of Maharashtra. Our specialty is the concept of unity in diversity. It's a really lovely thing.Shekhar Suman also mentioned the current controversy surrounding the Marathi language during the discussion, stating, "But speaking of Marathi, there was recently a diktat that those who cannot speak Marathi would not be allowed to drive scooters or auto-rickshaws." folks like us Biharis were even more anxious, sir, as those poor folks became frightened. Please look after us Biharis.  

Published 16 May 2026 05:28 PM

Cosmetologists and makeup artists are now on the grooms checklist.

For a very long time, weddings were primarily seen as the bride's day, even though they had equal significance for men. Brides would spend months planning every aspect of the wedding, picking out elaborate outfits, matching them with eye-catching jewelry, and completing the look with meticulous hair and makeup. Grooms, on the other hand, kept it simple: wake up, put on their attire, straighten their beard and hair, and call it a day. For months, brides would meticulously prepare every aspect of their wedding, selecting ornate ensembles, accessorizing them with eye-catching jewelry, and completing the ensemble with expertly applied hair and makeup. Conversely, grooms kept things straightforward: get up, put on their clothes, style their beard and hair, and end the day.After all, it's their big day too, and many want to look just as glamorous as their better halves, both on camera and in real life. As a result, men are now giving their appearance on wedding day just as much thought. Not only have their wardrobes become more daring, but they are also increasingly choosing professional grooming and makeup to feel confident and polished throughout the celebrations. Nowadays, men are thinking about their wedding day appearance just as much. In order to feel confident and put together during the festivities, people are now increasingly choosing professional grooming and makeup in addition to experimenting with their costumes. Since it's their big day as well, many of them want to appear on video and in person as dazzling as their better halves."Brides and grooms have separate social media teams creating reels, their own hashtags, and even brand-new Instagram profiles where all of their wedding-related content is shared. Grooms want to appear more assured and youthful as a result.Grooms are increasingly inclined to look flawless on their D-day, but they still don't want the makeup to show. Gusain notes that when it comes to requests from grooms, most of them just want to look natural. Getting makeup done for grooms can be challenging because men wearing makeup is still taboo in our society (save the argument for another day) and many beauty influencers have faced trolling for it. Many beauty influencers have experienced trolling since males wearing makeup is still frowned upon in our society (save the argument for another day). Therefore, even if grooms are more likely to look perfect on their wedding day, they still don't want the makeup to be noticeable. According to Gusain, the majority of grooms' wishes are to appear natural.  

Published 13 May 2026 05:42 PM

At tomorrows 19th Rozgar Mela, PM Modi will hand out more than 51,000 appointment letters.

At the 19th Rozgar Mela tomorrow morning, Prime Minister Narendra Modi will use video conference to deliver over 51,000 appointment letters to recently hired youth in various government ministries and organizations. On this occasion, Mr. Modi will also speak to the crowd. There will be 47 locations nationwide during the 19th Rozgar Mela. The Ministry of Railways, Ministry of Home Affairs, Ministry of Health and Family Welfare, Department of Financial Services, Department of Higher Education, and other Ministries and Departments of the Government of India will employ the recently recruited candidates, who were chosen from all over India. The Rozgar Mela is a significant effort to make this vision a reality, in keeping with the Prime Minister's pledge to prioritize creating jobs. Approximately 12 lakh recruiting letters have been sent out through 18 Rozgar Melas held nationwide since the program's founding.  

Published 22 May 2026 06:05 PM

India Ambassador to Oman is Prashant Pise

Prashant Pise, a seasoned diplomat, has been named India's new ambassador to Oman. Currently holding the position of Additional Secretary in the Ministry of External Affairs, he is an officer in the Indian Foreign Service (IFS).Prashant Pise, a prominent diplomat from India, has been named ambassador to the Sultanate of Oman. Currently holding the position of Additional Secretary in the Ministry of External Affairs, Prashant is an Indian Foreign Service (IFS) official.Prashant Pise has been appointed as India's next ambassador to the Sultanate of Oman, according to the Ministry of External Affairs (MEA). He is an Indian Foreign Service officer from the 1995 batch who would take Godavarthi Venkata Srinivas' seat. India's envoy in Muscat is Godavarthi Venkata Srinivas, a prominent diplomat from the 1993 IFS batch.Prashant Pise is a highly experienced diplomat with decades of experience in Indian foreign policy and international relations. His diplomatic career includes important overseas assignments and policy roles. His first overseas posting was in Cairo, Egypt, from 1997 to 2000, where he gained early diplomatic experience in a crucial geopolitical region. He then served in Tripoli, Libya, until 2004, further expanding his engagement in the Middle East and North Africa before returning to New Delhi and serving as Deputy Secretary in the Ministry of External Affairs from 2004 to 2006. He has held important policy positions and international deployments during his diplomatic career. From 1997 to 2000, he got his first overseas assignment in Cairo, Egypt, where he acquired early diplomatic experience in a significant geopolitical area. Later, he expanded his involvement in the Middle East and North Africa while serving in Tripoli, Libya, until 2004. He returned to New Delhi and served as the Ministry of External Affairs' Deputy Secretary from 2004 to 2006.He led the Indian delegation at the 8th Ministerial Consultations of the Abu Dhabi Dialogue in Dubai in February 2026, demonstrating his ongoing involvement in labor mobility and international migration diplomacy. Prior to this new appointment, he served as Additional Secretary (Emigration Policy and Welfare) in the Ministry of External Affairs. This role is significant because it deals with overseas areas like Indian welfare, migration frameworks, and worker protection issues that are closely linked to Gulf nations where sizable Indian communities reside and work. This position is crucial because it deals with international issues that are closely related to the Gulf nations where sizable Indian communities reside and work, such as worker protection, Indian welfare, and migration frameworks. He headed the Indian delegation to the 8th Ministerial Consultations of the Abu Dhabi Dialogue in Dubai in February 2026, demonstrating his ongoing commitment to international migration diplomacy and labor mobility.  

Published 13 May 2026 05:55 PM

Indias Ambassador to Oman is Prashant Pise.

Prashant Pise, a seasoned diplomat, has been named India's new ambassador to Oman. Currently holding the position of Additional Secretary in the Ministry of External Affairs, he is an officer in the Indian Foreign Service (IFS).Prashant Pise, a prominent diplomat from India, has been named ambassador to the Sultanate of Oman. Currently holding the position of Additional Secretary in the Ministry of External Affairs, Prashant is an Indian Foreign Service (IFS) official.Prashant Pise has been appointed as India's next ambassador to the Sultanate of Oman, according to the Ministry of External Affairs (MEA). He is an Indian Foreign Service officer from the 1995 batch who would take Godavarthi Venkata Srinivas' seat. India's envoy in Muscat is Godavarthi Venkata Srinivas, a prominent diplomat from the 1993 IFS batch.Prashant Pise is a highly experienced diplomat with decades of experience in Indian foreign policy and international relations. His diplomatic career includes important overseas assignments and policy roles. His first overseas posting was in Cairo, Egypt, from 1997 to 2000, where he gained early diplomatic experience in a crucial geopolitical region. He then served in Tripoli, Libya, until 2004, further expanding his engagement in the Middle East and North Africa before returning to New Delhi and serving as Deputy Secretary in the Ministry of External Affairs from 2004 to 2006. He has held important policy positions and international deployments during his diplomatic career. From 1997 to 2000, he got his first overseas assignment in Cairo, Egypt, where he acquired early diplomatic experience in a significant geopolitical area. Later, he expanded his involvement in the Middle East and North Africa while serving in Tripoli, Libya, until 2004. He returned to New Delhi and served as the Ministry of External Affairs' Deputy Secretary from 2004 to 2006.He led the Indian delegation at the 8th Ministerial Consultations of the Abu Dhabi Dialogue in Dubai in February 2026, demonstrating his ongoing involvement in labor mobility and international migration diplomacy. Prior to this new appointment, he served as Additional Secretary (Emigration Policy and Welfare) in the Ministry of External Affairs. This role is significant because it deals with overseas areas like Indian welfare, migration frameworks, and worker protection issues that are closely linked to Gulf nations where sizable Indian communities reside and work. This position is crucial because it deals with international issues that are closely related to the Gulf nations where sizable Indian communities reside and work, such as worker protection, Indian welfare, and migration frameworks. He headed the Indian delegation to the 8th Ministerial Consultations of the Abu Dhabi Dialogue in Dubai in February 2026, demonstrating his ongoing commitment to international migration diplomacy and labor mobility.  

Published 13 May 2026 05:53 PM

Govt Very Much With Startups, Fintechs: FM Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday assured the startup community of the central government's unwavering support amidst regulatory scrutiny faced by some of the country's leading startups in recent times.Addressing concerns raised by startups, particularly in the Fintech sector, during a media event in Bengaluru, Sitharaman stressed the importance of regular support and clarifications from regulators to facilitate innovation without being bogged down by governance and compliance issues. Sitharaman revealed that she had a meeting with combined representatives of many startups a “couple of days ago” to understand the concerns after they wrote a letter to the FM. She acknowledged the anxieties expressed by startups during a recent interaction and said, “I’ve had an interaction with startups, particularly the Fintech ones, to understand with what anxiety they wrote that letter to me. It was a fantastic conversation.” She said that there was a need for startups to have dedicated support teams for compliance matters, ensuring that innovation efforts remain unhindered. “I was very glad they voiced the concerns and they may indirectly come out of what is happening. But the regulators were all there with me and they have really understood and they've connected with them,” Sitharaman remarked. “Let me be upfront and say the concerns were not emanating from Paytm’s issues. It was more on regular support that they may need from the regulators, clarifications, which are periodically required, because their core business is not governance and compliance related issues,” she added.It is believed that this meeting had happened in the wake of the RBI’s action against Paytm Payments Bank, which has heightened attention on regulatory compliance within the fintech startups in India. The meeting saw representatives from various prominent entities in both the private and public sectors in attendance. Among those representing the private sector were individuals from notable companies such as Policybazaar, MakeMyTrip, Razorpay, PhonePe, Google Pay, Amazon Pay, CRED and venture capital firm PeakXV. Additionally, key figures from the public sector, including SBI Chairman Dinesh Khara and officials from NPCI, Canara Bank and Bank of Baroda, were reportedly also present. During the Bengaluru event, the Finance Minister said she had proposed practical solutions to address startup concerns, suggesting monthly virtual conferences with regulators like the Reserve Bank of India (RBI). Sitharaman said, “I did tell the RBI that once in a month on a dedicated day, they should do a virtual conference with startups, particularly Fintechs, so that they can answer questions and after that put that as a FAQ, so that others who did not attend, can (still) benefit from it.” Sitharaman reassured startups that the government stands firmly behind them and said, “The government is very much with these startups. We want you to be assured that you will be given all assistance." She ended by stressing on the need to simplify compliances and provide necessary assistance to ensure a conducive environment for startups to thrive. Earlier on Wednesday, The Reserve Bank of India (RBI) introduced an elaborate framework for a 'regulatory sandbox,' aimed at creating a secure environment for emerging fintech startups to experiment with their product ideas before launching them in the market. In a statement issued by RBI, the central bank said that a sandbox setup will enable regulatory authorities to collaborate with startups and formulate regulations that foster innovation, thereby facilitating the provision of cost-effective financial products. The oversight of this sandbox initiative will be under the purview of the fintech division within the RBI.   

Published 01 Mar 2024 09:39 PM

Trishala Dutt explains why Sanjay Dutt chose not to stay in the US with his mother, Richa Sharma, while she was receiving cancer treatment.

Trishala Dutt explains why Sanjay Dutt left his mother, Richa Sharma. Many people associate the term "star kid" with riches, glitz, and a carefree lifestyle. The truth behind the beauty, however, was much more agonizing for Trishala Dutt. Recently, Trishala talked about how her mother died at the age of eight from a brain tumor and explained why her father, Sanjay Dutt, couldn't remain in the US full-time while her mother was receiving treatment. while receiving cancer treatment in the USIn the most recent episode of Inside Thoughts Out Loud, Trishala discussed her experiences as the daughter of actor Sanjay Dutt. Trishala talked candidly about the bullying she had as a youngster in the United States, stating that it started when she was only five or six years old and was mostly motivated by her Indian origin. When she attended high school, she said, things "blew up" because people began learning about her identity and her family. Admitting that she had "no one to lean on," Trishala expressed her wish that she had "someone to talk to when I was younger."In addition, Trishala thought back to her mother's death when she was eight years old and remembered how her father, Sanjay Dutt, would frequently travel between India and the US during that trying time in their life."My mother died of a brain tumor in 1996 when I was eight years old. In 1989, she received a diagnosis. It was already grade 4 when they learned about it. One of the deadliest and most aggressive malignancies in humans is that kind of brain cancer. Dad was traveling back and forth between the US and India. She recounted that her father was traveling back and forth between India and the US at the time, making it difficult for her to stay here for her full treatment while simultaneously being an actor back home.She said that she turned to food for solace during her mother's cancer battle, which resulted in a "weight problem." She added that she "just didn't look the part of Sanjay Dutt's daughter" and that people assume that being a celebrity's kid requires one to look a certain way.  

Published 22 May 2026 05:56 PM

Day 3 box office receipts for Pati Patni Aur Woh Do Ayushmann Khurranas film ends its first weekend with over Rs 24 crore.

Despite conflicting audience opinions, the film "Pati Patni Aur Woh Do," starring Ayushmann Khurrana, Rakul Preet Singh, Sara Ali Khan, and Wamiqa Gabbi, is doing well at the box office. Compared to Saturday's revenues, the movie's first Sunday collection increased by more than 34%. But it fell short of the standard set by the first film, which starred Kartik Aaryan.At the box office, the Mudassar Aziz-directed movie debuted at Rs 4 crore. The film made Rs 5.75 crore on its second day with no growth. The Sacnilk report now states that "Pati Patni Aur Woh Do" has made a net total of Rs 7.75 crore from 6,350 shows on Day 3. As a result, the overall gross collection in India is anticipated to be Rs 21 crore, while the total net collection is Rs 17.50 crore. On Day 3, the film made a net total of Rs 1.25 crore in the foreign market, with an expected total gross collection of Rs 3.25 crore. As a result, the global gross collection presently stands at Rs 24.25 crore.In contrast to the most recent release, the 2019 movie "Pati Patni Aur Woh," which starred Kartik Aaryan, Bhumi Pednekar, and Ananya Panday, made a lot of money. It made 14.51 crore in India on Day 3, bringing its three-day total to 35.94 crore. On the first and second days, respectively, the Mudassar Aziz director earned Rs 9.10 crore and Rs 12.33 crore.  

Published 18 May 2026 03:08 PM

The family skips the swearing in when Vijay talks about his relationship with son Jason Sanjay, saying, No clue whats in his mind.

Since taking the oath of office as Tamil Nadu's new chief minister on May 10, actor-turned-politician Vijay has been in the news. His big swearing-in event at Chennai's Jawaharlal Nehru Indoor Stadium was met with congratulations from all across the nation, but the absence of his estranged wife Sangeetha Sornalingam and his children, Jason Sanjay and Divya Sasha, also generated heated debate online.Vijay's parents, sisters, and a number of well-known individuals attended the oath-ceremony. More excitement was created when actress Trisha, who is rumored to be dating Vijay, attended the oath ceremony. After that, a previous interview with Vijay about his son Sanjay's career choices and how he never pressured him to become an actor has suddenly appeared online.When asked if his kid was likewise interested in pursuing acting as a career during an interview with filmmaker Nelson Dilipkumar for Sun TV while promoting his 2022 film Beast, Vijay replied, "I have no clue what's in his mind." He also made it clear that he had never coerced his kid into taking action. "I would never do that," Vijay declared. He added that he will encourage his son to pursue his goals. "He is entirely interested in it. I will help him if he feels that he needs it.Additionally, Vijay disclosed that despite being approached by other filmmakers for Sanjay's acting debut, he allowed him to make the ultimate choice. "I tell him that although people are inquiring, ultimately it is his decision. "Please don't disturb me for a couple of years," he said. Right now, I don't want this."  

Published 12 May 2026 05:40 PM

Parmeet Sethi said, My mother was shot during the partition the bullet was inside for one to two years.

Parmeet Sethi was raised in Mumbai, while his mother was born in what is now Pakistan before to the partition. In a recent vlog, Parmeet recalled that his mother was wounded during the partition and that the bullet remained inside her body for a few years because there wasn't much technology available at the time to determine the bullet's location. In a recent Aary Vlogs video, Parmeet recalled this story while cooking with his son Aaryamann Sethi and honored his late mother by creating one of her recipes. He referred to his mother, Sushil Sethi, as "total filmy" and recalled that her family had relocated to Ahmedabad and then Mumbai following the partition. "She was shot during the partition," Parmeet revealed. She was shot. He revealed that his mother was just 10 or 12 years old at the time of the occurrence, but he did not say the city she lived in. A tailor used to visit their home to sew garments. He had broken into my grandfather's home to grab the pistol that used to be there. He stated, "He intended to use it during the riots."Parmeet revealed that his mother was startled by the sound of the tailor entering the house. "She was about to scream when he asked her not to make any noise, and he just shot her," he claimed. The bullet was "lost inside her" and could not be found due to the lack of technology in those days. "The bullet was moving around inside her body. He said, "No one knew where it was.Sushil missed school for a while after becoming ill for a year or two. The family had relocated to India by that point. The bullet nearly protruded from her back while the nurse was massaging her one day. They took her to the doctor right away. The bullet was removed during her surgery. It was one or two years later, he said.  

Published 08 May 2026 06:02 PM

Axis Bank is Religares pick of the month for March, 10% upside seen at TP of ₹1,185; should you buy?

Domestic brokerage firm Religare Broking has picked Axis Bank as its stock pick of the month for March 2024 with a potential upside seen around 10 per cent. Shares of Axis Bank were on an uptrend and gained around three per cent today as Nifty 50 hit a fresh lifetime high of 22,353.30 on strong macroeconomic indicators.On Friday, March 1, shares of Axis Bank opened at ₹1,074.05 and gained 2.5 per cent to hit an intra day high of ₹1,101.60 against its 52-week high of ₹1,151.50 apiece on the BSE. Shares of Axis Bank settled 2.20 per cent higher at ₹1,099.35 apiece on the BSE. At a current market price (CMP) of ₹1,085, Religare sees a potential upside of 10 per cent on Axis Bank stock at a target price of ₹1,185 from an initiation range of ₹1,080-1,085 and a stop loss of ₹1,030. Religare Broking highlights that in its report that Axis Bank has remained one among the top performer among the private banking majors and we expect the outperformance to continue. ‘’The stock has been in a primary uptrend from last more than eight months, forming series of Higher Highs and lows with gradual rise in volumes. It has formed an elevated base around the 20 weekly EMA which also coincides with rising support trend line,'' said Religare Broking. Following the price action and uptick in volumes indicates the stock to resume its prevailing trend and inch higher to surpass its previous swing high, according to the brokerage. The stock gained marginally (around three per cent) in the previous series with reduction of eight per cent open interest (OI). 98 per cent of the open positions rolled which is same with respect to previously. ‘’OI of 82k contracts as against 89k previously. Decent cash based buying also seen in last three days of February series. With fresh cash accumulation and shorts being trapped, it may witness good short covering,'' said Religare Broking. The bank's net interest income (NII) in the third quarter at ₹12,532, crore, which rose by nine per cent - almost in line with the market estimate of ₹12,555 crore. NII is the difference between interest earned by a bank through loans and interest it pays to depositors. Meanwhile, the net interest margin (NIM) stood at 4.01 percent for the quarter ended on December 31, 2023. Net Interest Margin refers to the difference between the interest income earned and the interest disbursed by a bank in relation to its interest-generating assets such as cash.    

Published 01 Mar 2024 09:35 PM

Potential for any re-rating delayed for Paytm, says UBS; still sees 25% upside in the stock – heres why

Shares of One 97 Communications (Paytm) have witnessed an almost 50 percent drop just in February as investor sentiment turned negative amid the RBI and Paytm Payments Bank Ltd (PPBL) saga.In a recent note, brokerage house UBS said it believes that any potential for a re-rating of Paytm based on profitability improvement has been delayed. It has retained a 'neutral' call on the stock and reduced its target price to ₹510 (from ₹650 earlier). The new target indicates an over 25 percent potential upside. "Paytm's share price has derated significantly post RBI regulatory action and the stock is trading at 1.5x EV to one-year forward consensus sales, nearly an 80 percent discount to its Indian internet peers. Our ₹510 price target implies a 2.4x EV to FY25E sales, which is still a 70 percent discount to Indian internet peers. We believe this is justified as Paytm's growth profile is now much weaker at an 8 percent expected revenue CAGR over FY24-26E, versus Indian peers at a much higher 27 percent. Additionally, Paytm's re-rating potential based on its profitability improvement is now also pushed out and the company's margin profile is much weaker than peers. Furthermore, the loss of investor confidence based on the regulatory action is unlikely to change in a hurry. We believe only sustained execution in the coming quarters can re-build investor confidence which would drive a re-rating," explained the brokerage. The RBI on January 31 directed PPBL to stop accepting deposits or top-ups in customer accounts, wallets, FASTags, and other instruments after February 29, citing large-scale non-compliance with regulations and supervisory concerns. In the latest update, the Reserve Bank of India clarified that non-Paytm Payments Bank Limited (PPBL) linked merchants (85 percent of the total) can continue to function as normal and gave a 15-day extension till 15th March for most PPBL-linked activities. RBI also informed that @paytm UPI handles can be migrated to banks after approval from NPCI. This implies key linkages between Paytm and PPBL will be transferred to other banks via Paytm and also clears the way for Paytm to function as third-party app provider (TPAP), similar to its competitors PhonePe and Google Pay, once NPCI provides approval for the same. Following RBI's latest update, the anticipated negative impacts on Paytm have been alleviated to a considerable extent. Paytm is poised to retain a significant portion of its customer and merchant base pending certain approvals from the National Payments Corporation of India (NPCI). However, UBS anticipates a churn of 15-20 percent in merchants, customers, and devices in Q4 compared to Q3 levels, accompanied by a steep decline of around 60 percent quarter-on-quarter in loan origination. Additionally, it foresees a challenging FY25 with a projected 2 percent revenue decline, attributed to the loss in the wallet business and gradual normalisation in payments and loan origination activities. To regain lost customers, Paytm is expected to escalate its marketing expenditure, leading to heightened EBITDA losses in FY25, consequently prompting adjustments in its EPS estimates.    

Published 01 Mar 2024 09:35 PM

Stock market selloff: Nifty forms Bearish Engulfing; 21,850 next?

Nifty on Wednesday could not sustain early gains and saw heavy selling, as it closed below the psychological mark of 22,000 for the time since February 15. The index formed a Bearish Engulfing pattern on the daily chart, which has a negative connotation.   The silver lining was the index somehow managed to settle above its 21-day EMA on a closing basis. If the index stays below 22,000 level, chances are it may revisit 19,850-800 level, analysts said.“The index dropped below the 22,000 mark, indicating a growing weakness. Nevertheless, it managed to close just above the 21EMA on the daily timeframe. Observing the daily chart, the index has been navigating within a rising channel. A decline below 21,950 could potentially trigger a correction towards 21,800 in the near term,” said Rupak De, Senior Technical Analyst at LKP Securities. For the day, the 50-pack index closed at 21,951.15, down 247.20 points or 1.11 per cent. A sustained Nifty trade above 21,950 might spur a recovery in the index towards 22,100, De added. With the Bearish Engulfing candle, Nifty has given up all the gains of the previous week, said Chandan Taparia of Motilal Oswal Securities. This analyst believes that were the index say below 22000, weakness could be seen towards 21,850, followed by 21,700 levels. Resistances are seen at 22,150 and 22,222 levels, he said.atin Gedia – Technical Research Analyst at Sharekhan said that the index has reached its 20-day moving average of 21,944. He said the broad range of 21,800-22,300 still has not been breached. "The daily as well as hourly momentum indicators have a negative crossover, which  is a sell signal. But prices are still in a range and, hence, a decisive breach below 21,875 i.e. the previous swing low is required to validate the change of trend. The Index is around the crucial support zone 21,900, which is likely to act as a make-or-break level from short term perspective," Gedia said.  

Published 01 Mar 2024 09:34 PM

IIT Kanpur’s 1974 batch pledges Rs 10.11 crore

"The Class of 1974 of the Indian Institute of Technology Kanpur (IIT Kanpur) has committed Rs 10.11 crore to fund a range of institute initiatives. The promise is made as part of the batch's Golden Jubilee Reunion, which will take place from February 23 to February 25, 2024, and will bring together over 80 graduates and their families. ""IIT Kanpur takes great pride in its alumni, and time and time again, our alumni have come together for supporting the growth of their alma mater through various means,"" stated Prof. S Ganesh, Director of IIT Kanpur, in response to the Class of 1974's kind pledge. The Class of 1974's commitment to support greatness at the institute by aiding in its development aligns with a shared goal He continued, ""The 'Batch Legacy Fund' will be used to enhance possibilities for both faculty and students. ""We, the proud alumni of the Class of 1974, are honored to unite and contribute to our cherished alma mater, IIT Kanpur,"" he stated, thanking his classmates for this endeavor and his alma mater, batch coordinator Yogesh Khosla. Our combined support is a testament to our great pride in the organization and our common goal of seeing it succeed moving forward. I would want to sincerely thank everyone of my classmates for their kind cooperation in this project. The Class of 1974's 50th reunion was a happy event full with memories, laughter, and introspection that will live on in the archives of IIT Kanpur, an institution thinkinh said.   IIT Kanpur stated that the ""Class of 1974 Batch Legacy Fund"" will undoubtedly advance learning within its community and expressed its sincere gratitude to the Class of 1974 for their outstanding contribution and steadfast dedication. The researchers from the Indian Institute of Technology Madras (IIT Madras) will present their findings to the students during an open house. The purpose of the event is to give students a forum to interact with professionals and well-known businesspeople. March 2 and March 3 of 2024 will be dedicated to the open house. Shaastra will host IITM for Everyone. A statement on the social media account read, ""IIT Madras is open to all for the first time in 15 years."" "

Published 28 Feb 2024 05:34 PM

AAP must leave its headquarters by June 15th, per a Supreme Court order.

The Aam Aadmi Party of Arvind Kejriwal will have to leave its headquarters, which are located on a plot of land designated for the High Court. The good news is that you still have until June 15 to act. The Supreme Court gave the party a long deadline because of the upcoming Lok Sabha elections, emphasizing that this is an encroachment case. The party may now submit an application for alternative land to the Land and Development Office of the Center.The bench, which included Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra, stated, "We would request the L&DO to process the application and communicate its decision within a period of four weeks." The bench continued, "AAP has no legal right to remain on the land." The Delhi High Court was granted land in February to expand its operations and build more courtrooms for the Rouse Avenue location. The court had noticed that the AAP was intruding on this land. When considering a case involving the nation's judicial system, the highest court took notice of the issue.The state government promised at a meeting on February 15 that the plot would be removed in two months if a substitute plot was provided, in response to a court order. However, the situation remained unchanged. According to India's Chief Justice, DY Chandrachud, nobody has the authority to impose law on others. "It is absurd for any political party to sit on it. Every intrusion will be eliminated... The land should be given to the High Court so that it can be utilized by the general public and citizens, Justice Chandrachud stated.

Published 04 Mar 2024 05:31 PM

Article 21: The Constitutions Soul, with Citizens Liberty Supreme

According to the Supreme Court, Article 21 is the essence of the Constitution because it protects citizens' rights to liberty, which are so valuable that a person would lose them if the high court takes too long to decide cases pertaining to it. Amol Vithal Vahile, a prime accused in the murder of a corporator in Maharashtra, was granted bail by the Bombay High Court on January 29 following prodding from the top court, according to a bench of Justices B R Gavai and Sandeep Mehta.In a recent ruling, the bench stated that it is evident that prior to this court's order being issued on January 29, 2024, the high court had dismissed the bail application on one or more grounds rather than considering it on its merits.It goes without saying that Article 21 of the Indian Constitution is its core because it upholds the fundamental right to liberty for all citizens. It stated, "Depriving the party of their precious right guaranteed under Article 21 of the Constitution of India would mean not reaching a quick decision and brushing off the issue on one or the other basis pertaining to a citizen's liberty." The bench stated that it has encountered numerous cases from the Bombay High Court in which the applications for bail and anticipatory bail were not resolved promptly. The bench mentioned one instance where the application for anticipatory bail was pending for over four years. "We have also encountered many cases where the judges find an excuse to reroute the case on unrelated grounds rather than rendering a decision based on the merits of the case. As a result, we ask the chief justice of the Bombay High Court to communicate our request to all judges who have criminal jurisdiction so that the issue of bail and anticipatory bail can be decided as soon as possible," the bench stated.It requested that the Supreme Court's Registrar (Judicial) forward this directive to the High Court's Registrar (Judicial), who will present it to the Bombay High Court's chief justice. The bench stated on January 29 that, despite the fact that Vahile had been detained for more than seven years, on March 30, 2023, the high court had ordered him to appear before the trial court for regular bail.  

Published 02 Mar 2024 06:02 PM

SEA urges Centre to not extend ban on export of de-oiled ricebran

The Solvent Extractors’ Association of India (SEA) has asked the Indian Government to not extend the ban on the export of de-oiled rice bran beyond March 31.In a letter to Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution; and Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry and Dairying; the President of SEA, Ajay Jhunjhunwala, said the total export of de-oiled rice bran constitutes only around 6 per cent of the production. The restriction has adversely affected processors and exporters along with paddy farmers, hindering them from realising better returns on their produce, he said. The government banned the export of de-oiled rice bran in a notification dated July 28, 2023, effective until November 30, 2023. This was further extended till March 31, 2024 in a notification dated December 8, 2023. Stating that processing of ricebran has picked up with the commencement of new season in November, he said availability of de-oiled ricebran has improved. This is evident from the reduction of price from ₹18,000 a tonne on July 28 2023 (the date of issuing notification) to ₹12,500 a tonne at present. Mentioning that the industry benefits from the export of de-oiled rice bran, he said easy clearance of meal leads to sustained processing, leading to better capacity utilisation, continuous oil availability, increased employment, and significant value addition along with valuable foreign exchange. India, which has successfully developed export market for de-oiled rice bran over the last 30 years, primarily serves Vietnam, Thailand, Bangladesh and other Asian countries. “An abrupt change in export policy has given opportunity to our competing countries like Sri Lanka, Bangladesh to capture Vietnam market for de-oiled ricebran and the market will be lost in no time,” he said. Eastern States, including West Bengal, are a significant producer of de-oiled ricebran. Since the cattle feed industry remains underdeveloped in this part of the country, there is limited demand for de-oiled ricebran in eastern India, he said. “The exorbitant local freight charges to move de-oiled ricebran from eastern India to south or west India makes export the principal means of disposal for de-oiled ricebran in the region. Since export is banned, ricebran processors in Eastern India are facing the prospect of shutting down their operations, adversely impacting the rice milling industry and reducing ricebran oil production,” Jhunjhunwala said. Though export restriction on de-oiled ricebran was imposed in July 2023 to ease milk prices, there is almost no reduction in milk prices across the country since this ban, he said. This is because the cost component of de-oiled ricebran in milk price is very nominal. “We are still of the view that continuing this ban will not support reduction in milk prices but will continue to negatively impact the ricebran processors and de-oiled ricebran exporters,” he said, and requested the government not to extend the ban beyond March 31.      

Published 01 Mar 2024 09:45 PM

Government Employees Platform Plans Strike From May 1 Over OPS Demand

A group of Union and state government employees announced they will go on indefinite strike starting on Labour Day (May 1) this year to demand the restoration of the old pension scheme (OPS), The Hindu reported.The Joint Forum For Restoration of Old Pension Scheme (JFROPS), which was described as a platform of trade unions and associations working among Union and state government employees, said it had decided to serve strike notices starting March 19. Under the OPS, which was retired in 2004, retired government employees received half their last-drawn salary every month as a pension. The government concerned would foot the entire amount. The National Pension Scheme (NPS) replaced the OPS and involves the employee contributing 10% of their basic salary and the government contributing 14% into a corpus, which can be invested into different types of funds. How much an employee would receive upon retirement depends on the market return on these investments. Shiv Gopal Mishra, who is convenor of the JFROPS and is among the leaders of a railway workers’ union, told The Hindu that the decision to go on strike was taken after talks with the Union government had broken down. “We held several protests demanding restoration of OPS. We wrote letters to prime minister and finance minister urging them to restore the OPS. We have also been raising this issue in the JCM [joint consultative machinery] meetings, but the government ignored our demands and we are now forced to go on an indefinite strike,” Mishra was quoted as saying.The Hindu also cited government employees’ unions as claiming that ahead of the call for a strike, ballots conducted in various government departments suggested that nearly 100% of employees supported a strike.They have also argued that pensioners were worse off under the NPS because it does not hike pensions on a regular basis in order to correct for inflation. Some state governments have decided to restore the OPS for their employees. But the Reserve Bank of India has said that going back to the OPS would increase governments’ liabilities and put their financial security at risk. The Union government said in parliament in December that it does not plan on restoring the OPS. It has also warned its employees from going on strike before and argued that their right to form associations did not include a guaranteed right to go on strike. When Mishra was asked by The Hindu how the model code of conduct for the general elections would affect their planned strike, he said they wanted the issue to be discussed by the people. “This is an issue that involves lives of crores of people. Let the people discuss and decide on our demands. Even if the model code of conduct comes in picture, the Cabinet will be there, the Cabinet secretary will be there and they can take a decision on our demand,” he told the newspaper. Another employees’ union leader was cited as saying that ‘all unions’ except the pro-government Bharatiya Mazdoor Sangh would take part in their planned strike.  

Published 01 Mar 2024 09:44 PM

Benefits of Sattu Indias first protein beverage

These days, a growing number of individuals are including tasty and nourishing "superfoods" from all over the world in their diets. Imagine those colorful matcha lattes, creamy avocado toasts, delicious chia pudding, quinoa salads, and cool kale smoothies. They are healthy in addition to being aesthetically pleasing. Just a gentle reminder: Is it really necessary to spend a lot of money to maintain your health?No, I believe! Sattu is an ancient superfood from India that is tasty, affordable, and very potent. This adaptable component, which is made from roasted gram flour, has been loved and consumed for more than 3,000 years, particularly in Bihar, Jharkhand, and Uttar Pradesh. Chana sattu, once cherished by diligent farmers for a rapid energy boost, is now widely accepted as a wholesome and organic supplement to contemporary meals nationwide. Let's examine the advantages of sattu powder, how it outperforms the most well-liked protein-rich foods, and why it should be at the top of your diet list before you hurry to try another foreign health craze.A traditional Indian flour produced from roasted barley or chickpeas is called sattu powder. In India, it is a native source of protein. It is a well-liked superfood with several health advantages due to its high protein content. Sattu, sometimes referred to as the "desi protein shake," is high in minerals, fiber, and plant-based protein. It is a popular dish in India that is becoming more and more well-known abroad.  

Published 08 May 2026 06:04 PM

Arjun Rampal If I have to look extremely good, then my go-to is Gabriella’

"The radiant and perfect complexion of Janhvi Kapoor has been unveiled, and the secret to her lovely skin is a homemade face mask. Kapoor bragged about the many health advantages of this concoction, which is made of honey, mashed bananas, curd, orange scrub, and almond oil. Dr. Aanchal Panth shared her thoughts on this celebrity-endorsed skincare product, as social media was ablaze with claims of its efficacy. Let's investigate if giving it a shot is worthwhile. Kapoor began by taking curd and placing it in a bowl with mashed bananas, honey, and an additional layer of malai. After thoroughly blending, she smeared it across her freshly washed face. She then squeezed an orange, rubbed the juice of the fruit over her face, and covered it with the mask. Following the removal of the mask, she applied almond oil beneath her eyes. Dr. Panth elucidated the effectiveness of the mask by pointing out that although it is moisturizing, putting orange directly on the skin is not advised. "This is a good mask that will help with moisturizing, especially if you have dry skin."" She noted that scrubbing orange juice on the face can be extremely irritating to the skin, but that as she used the malai of the curd, the thicker part of it will be even more moisturizing. It may make your skin more vulnerable to UV radiation, particularly if you have dark patches or sensitive skin. Completely avoid this, she continued. Regarding the almond oil, Dr. Panth clarified that it can be used  as well as over the entire face, particularly in light of the damage caused by the orange; it serves as a beneficial moisturizer. The ingredients are broken down as follows: Dear Honey: Being a naturally occurring humectant, it helps the skin stay hydrated and becomes smooth and silky. Additionally, it has antibacterial qualities that enable it to effectively combat bacteria that cause acne and reduce inflammation. Bananas: Potassium, vitamin C, and vitamin E are among the many vitamins and minerals they contain that are rich in and help to hydrate and nourish the skin. Banana enzymes gently exfoliate the skin to reveal a brighter complexion by removing dead cells Lactic acid, which is present in curd, acts as a mild exfoliator to encourage cell turnover and reveal younger-looking skin. It also helps reduce redness and irritation and has moisturizing qualities. Orange: Natural acids found in citrus fruits, such as oranges, can irritate delicate skin, particularly when applied topically. It contains substances that may increase the skin's sensitivity to sunlight, raising the possibility of sunburn and other injury. To lessen the chance of discomfort, dilute orange juice or zest with water or combine it with other calming components before applying it directly to the skin. Almond oil: High in fatty acids and vitamin E, it nourishes and moisturizes the skin, leaving it feeling silky and smooth. It also aids in scar fading. "

Published 28 Feb 2024 05:28 PM

Is this Janhvi Kapoor-approved DIY face mask worth the hype?

"The radiant and perfect complexion of Janhvi Kapoor has been unveiled, and the secret to her lovely skin is a homemade face mask. Kapoor bragged about the many health advantages of this concoction, which is made of honey, mashed bananas, curd, orange scrub, and almond oil. Dr. Aanchal Panth shared her thoughts on this celebrity-endorsed skincare product, as social media was ablaze with claims of its efficacy. Let's investigate if giving it a shot is worthwhile. Kapoor began by taking curd and placing it in a bowl with mashed bananas, honey, and an additional layer of malai. After thoroughly blending, she smeared it across her freshly washed face. She then squeezed an orange, rubbed the juice of the fruit over her face, and covered it with the mask. Following the removal of the mask, she applied almond oil beneath her eyes. Dr. Panth elucidated the effectiveness of the mask by pointing out that although it is moisturizing, putting orange directly on the skin is not advised. ""This is a good mask that will help with moisturizing, especially if you have dry skin."" She noted that scrubbing orange juice on the face can be extremely irritating to the skin, but that as she used the malai of the curd, the thicker part of it will be even more moisturizing. It may make your skin more vulnerable to UV radiation, particularly if you have dark patches or sensitive skin. Completely avoid this, she continued. Regarding the almond oil, Dr. Panth clarified that it can be used  as well as over the entire face, particularly in light of the damage caused by the orange; it serves as a beneficial moisturizer. The ingredients are broken down as follows: Dear Honey: Being a naturally occurring humectant, it helps the skin stay hydrated and becomes smooth and silky. Additionally, it has antibacterial qualities that enable it to effectively combat bacteria that cause acne and reduce inflammation. Bananas: Potassium, vitamin C, and vitamin E are among the many vitamins and minerals they contain that are rich in and help to hydrate and nourish the skin. Banana enzymes gently exfoliate the skin to reveal a brighter complexion by removing dead cells Lactic acid, which is present in curd, acts as a mild exfoliator to encourage cell turnover and reveal younger-looking skin. It also helps reduce redness and irritation and has moisturizing qualities. Orange: Natural acids found in citrus fruits, such as oranges, can irritate delicate skin, particularly when applied topically. It contains substances that may increase the skin's sensitivity to sunlight, raising the possibility of sunburn and other injury. To lessen the chance of discomfort, dilute orange juice or zest with water or combine it with other calming components before applying it directly to the skin. Almond oil: High in fatty acids and vitamin E, it nourishes and moisturizes the skin, leaving it feeling silky and smooth. It also aids in scar fading. "

Published 28 Feb 2024 05:27 PM

What happens to your body if you use expired makeup repeatedly?

"Expiring the last bit of your favorite makeup may seem innocuous, but Dr. Swapna Priya, a consultant dermatologist at CARE Hospitals in HiTec City, Hyderabad, cautions that doing so can put your health at danger. Imagine having red, irritated eyes after using your favorite mascara. Or imagine discovering fresh breakouts the next morning because of your reliable foundation. Regretfully, these situations occur more frequently than you may imagine, particularly when using expired cosmetics. Expiring the last bit of your favorite makeup may seem innocuous, but Dr. Swapna Priya, a consultant dermatologist at CARE Hospitals in HiTec City, Hyderabad, cautions that doing so can put your health at danger. This is why you should routinely declutter your cosmetics bag is essential for both general wellbeing and healthy skin. Allergy Reactions: Even in those who have never had an allergic reaction before, expired makeup can cause one. Red signals include swelling, stinging, and burning that you should not disregard. Infections: When makeup products like mascara and eyeliner go close to expiration, bacteria thrive there. You run the risk of developing eye infections like conjunctivitis when using them. Joyous deal Long-Term Issues: More Than Just Temporary Unease Using makeup that has expired might have negative long-term repercussions that can outweigh any immediate reactions, such as irritation: Chronic Skin Issues: Dermatitis and early aging of the skin can be caused by repeated contact with expired cosmetics. "

Published 28 Feb 2024 05:26 PM

Ramakrishna Ghoshs injury has been replaced by Macneil Noronha.

Macneil Noronha, an all-rounder from Karnataka who recently won the MA Chidambaram Trophy at the Naman awards for being the highest run-getter in the 2024/25 Colonel CK Nayudu Trophy, will join Chennai Super Kings (CSK) for INR 30 lakh as a replacement for Ramakrishna Ghosh, who injured his right foot during their game against Mumbai Indians on May 3rd and is out for the season. He will not play this season.Macneil Noronha will take Ghosh's place at CSK for INR 30 lakh.Noronha, a Karnataka all-rounder, has won the MA Chidambaram Trophy at the Naman Awards for scoring the most runs in the Colonel CK Nayudu Trophy for 2024–2025. Noronha was called up by the Karnataka team for the Syed Mushtaq Ali Trophy after an outstanding season, and he played in three games for his state.For the remainder of the 2026 Indian Premier League season, the Chennai Super Kings have selected Karnataka all-rounder Macneil Noronha to replace injured uncapped player Ramakrishna Ghosh.He was called up to Karnataka's Syed Mushtaq Ali Trophy squad as a result of his domestic achievements, and he played in three games. Noronha made an impressive 34 off 21 deliveries in his most recent match against Tripura in December 2025. He also contributed a wicket. The move comes after Ghosh was sidelined for the rest of the season due to a right foot injury he sustained during Chennai's match against Mumbai Indians on May 3. Ghosh had just made his eagerly anticipated IPL debut in that match, contributing to Chennai's decisive eight-wicket victory. Introduced into the attack in a high-pressure match, the young player returned figures of 1 for 24 from his three overs, taking the crucial wicket of Suryakumar Yadav, who had looked dangerous after reaching 21 off just 12 balls. In that match, Ghosh made his eagerly anticipated IPL debut and contributed to Chennai's convincing eight-wicket victory. The youthful player, who was brought into the attack in a high-stress match, recorded figures of 1 for 24 from his three overs, taking the crucial wicket of Suryakumar Yadav, who had appeared dangerous after reaching 21 off only 12 balls.Chennai will be hoping that Noronha will offer valuable depth as they continue to strive for a play-off position in spite of the setback.  

Published 13 May 2026 05:46 PM

Gautam Gambhirs Serious Pre-IPL 2024 Message To KKR

Before the Indian Premier League (IPL) 2024, which begins on March 22, Kolkata Knight Riders coach Gautam Gambhir had a direct message for his team. During a Star Sports conversation, Gambhir clarified that the Indian Premier League (IPL) is a fantastic chance for young players to demonstrate their abilities in the "toughest league in the world," not about Bollywood or the post-match celebrations. The former Indian batter, who captained KKR to the IPL title in 2012 and 2014, added that since the league is most similar to international cricket, there is extra pressure on players and teams to perform well. "I stated unequivocally on Day 1 that I take the Indian Premier League seriously. It has nothing to do with Bollywood, you, the after-party, or other such things. It's about getting out there and playing competitive cricket, which is why I think this league is the hardest in the world because it's authentic cricket," stated Gambhir. "It is probably closest to international cricket as compared to any other league and if you want to be known as a successful franchise, you should be able to deliver on the cricket field," he stated. Gambhir stated that the players must put in a lot of effort for the team's ardent fan base after KKR finished seventh in the previous season and missed out on the play-offs. "I believe there are ardent supporters. We must tell them the truth. We should probably try to put a smile on their faces because, in my opinion, Kolkata fans have been the most devoted because they have endured a lot over the first three IPL seasons," Gambhir remarked.  

Published 04 Mar 2024 05:55 PM

IPL 2024 Schedule announced Timings, venues, squads, live streaming and all you need to know about 17th season of IPL

"IPL 2024 Schedule: The season's opening game will pit Royal Challengers Bangalore against the reigning champions, Chennai Super Kings. IPL 2024 Schedule in Full: According to the official schedule announcement, the 17th edition of the Indian Premier League (IPL 2024) will begin action on March 22 in Chennai. However, because the T20 extravaganza coincides with the impending general elections, only the first 21 matches—which stretch over 15 days—were revealed on Thursday. Following the election commission's announcement of the Lok Sabha election date, the remaining schedule will be made public. In the opening game of the season, Royal Challengers Bangalore will play the reigning champion Chennai Super Kings. Seventy league games in all and the two qualifiers, the elimination round, and the championship game will be among the four playoff games. Chennai Super Kings, Mumbai Indians, Delhi Capitals, Sunrisers Hyderabad, Kolkata Knight Riders, Gujarat Titans, Punjab Kings, Rajasthan Royals, and Lucknow Super Giants are the ten IPL teams for 2024. Take a look at the schedule that follows: March 22: Royal Challengers Bangalore vs. Chennai Super Kings, MA Chidambaram Stadium, Chennai, 8 p.m. Punjab Cricket Association IS Bindra Stadium, Mohali, hosts the Punjab Kings vs. Delhi Capitals match on March 23 at 3:30 PM. On March 23, at Eden Gardens in Kolkata, the Kolkata Knight Riders take on Sunrisers Hyderabad (7.30 PM) Sawai Mansingh Stadium in Jaipur will host the Rajasthan Royals vs. Lucknow Super Giants on March 24 at 7:30 PM. Mar. 24: Mumbai Indians vs. Gujarat Titans, 7.30 p.m., Narendra Modi Stadium, Ahmedabad Mar. 25: Punjab Kings vs. Royal Challengers Bangalore, M. Chinnaswamy Stadium, Bengaluru, 7:30 p.m. Mar. 26: Gujarat Titans against. Chennai Super Kings, 7.30 PM, MA Chidambaram Stadium, Chennai Mar. 27: Rajiv Gandhi International Stadium in Hyderabad will host Sunrisers Hyderabad vs. Mumbai Indians (7.30 PM) March 30: 7.30 PM match between the Lucknow Super Giants and the Punjab Kings at the Bharat Ratna Shri Atal Bihari Vajpayee Ekana Cricket Stadium in Lucknow March 31: Gujarat Titans at Narendra Modi Stadium in Ahmedabad against Sunrisers Hyderabad (3.30 PM) 28 March: Sawai Mansingh Stadium, Jaipur; Rajasthan Royals vs. Delhi Capitals, 7:30 PM Mar. 29: Bengaluru's M. Chinnaswamy Stadium will host the Royal Challengers Bangalore vs. Kolkata Knight Riders (7.30 PM) match. March 31: Dr. Y.S. Rajasekhara Reddy Stadium vs. Chennai Super Kings, Delhi Capitals Visakhapatnam's ACA-VDCA Cricket Stadium (7.30 PM) April 1: 7.30 PM Mumbai Indians vs. Rajasthan Royals at Wankhede Stadium in Mumbai April2: 7.30 PM match between the Royal Challengers Bangalore and the Lucknow Super Giants at M. Chinnaswamy Stadium in Bengaluru April 3: Dr. Y.S. Rajasekhara Reddy Stadium vs. Kolkata Knight Riders, Delhi Capitals Visakhapatnam's ACA-VDCA Cricket Stadium (7.30 PM) April 4: 7.30 PM game between Gujarat Titans and Punjab Kings at Narendra Modi Stadium in Ahmedabad April 5: 7.30 PM, Rajiv Gandhi International Stadium, Hyderabad; Sunrisers Hyderabad vs. Chennai Super Kings Sawai Mansingh Stadium in Jaipur, Rajasthan Royals vs. Royal Challengers, Bangalore, April 6 (7.30 PM) April 7: 3.30 PM, Wankhede Stadium, Mumbai, India vs. Delhi Capitals April 7: Gujarat Titans vs. Lucknow Super Giants, 7.30 PM, Bharat Ratna Shri Atal Bihari Vajpayee Ekana Cricket Stadium, Lucknow"

Published 28 Feb 2024 03:47 PM

First look at New York’s 34,000-seater Nassau County International Cricket Stadium that will host India vs Pakistan clash at T20 World Cup

No matter where the match is played, India vs. Pakistan in an ICC event is always one of the highlights of the competition. Even though India won the 50-over World Cup match in Ahmedabad, the match between the archrivals at the T20 World Cup in 2022 at the MCG featured a Virat Kohli spectacular that is likely among their best ever. The legendary match will take place in New York on June 9th for the forthcoming T20 World Cup in the West Indies and the USA. The construction of the stadium began on Wednesday and is anticipated to be completed in three months. ICC Chief Executive Geoff Allardice stated, "We are excited to be unveiling the Nassau County International Cricket Stadium in New York ahead of the ICC Men's T20 World Cup 2024." "Work on the stadium, which will hold 34,000 cricket fans, has begun, marking an extremely significant milestone in the run-up to the biggest ICC event ever," Geoff Allardice continued.  June 2nd will see the USA take on Canada in the opening game; Barbados will host the June 29th championship game. What sort of pitch should we anticipate? Pitch conditions have been quite important in the recent matches between India and Pakistan. When assistance is available, players like Shaheen Shah Afridi have tormented the Indian batters, and when it isn't, the Indian batters have attacked him and propelled the side to rapid victories. The wicket in New York will be a drop-in wicket. Drop-in wickets are generally more conducive to batting. Drop-in wickets are popularly utilised in Eden Park in New Zealand and Adelaide Oval in Australia. The pitch is being groomed in Florida, according ICC.The first-ever modular cricket stadium, Nassau County International Cricket Stadium in New York, is currently under construction and should be finished in just three months. The ICC Men's T20 World Cup 2024 is expected to feature eight matches at the 34,000-seat stadium, the most notable of which is the high-profile match between India and Pakistan on June 9.  

Published 25 Jan 2024 12:35 PM

Oggy Janta Party vs. Cockroach Janta Party: A new political battle on the internet

Following the filing of two distinct trademark applications for the term "Cockroach Janta Party" in the midst of the movement's explosive social media popularity, the viral rise of the Cockroach Janta Party (CJP) has now entered a legal phase.The event occurred soon after a legal demand notice allegedly resulted in the movement's X account being withheld in India. Simultaneously, the youth-led satirical campaign proceeded to garner enormous internet traction through political commentary, memes, and Instagram. The movement began when Surya Kant's contentious comments during a Supreme Court hearing sparked online indignation and ridicule.Following remarks made by Chief Justice Surya Kant during a recent hearing that went viral online, the hashtag #CockroachJanataParty started to trend. The Chief Justice reportedly likened young people without jobs who turned to media, social media, and RTI activism to "cockroaches."But by then, the term had already become a popular online trend. The Cockroach Janta Party page and associated social media profiles were soon established by Abhijeet Dipke, a political communications consultant and former Aam Aadmi Party volunteer. According to reports, the campaign gained millions of followers on X and Instagram in a matter of days.    

Published 22 May 2026 06:06 PM

Pawan Singh of the BJP Discusses Running for the Lok Sabha

Pawan Singh, an actor and singer from Bhojpur, stated on Monday that "time would tell" if he decided to run in the next Lok Sabha elections. Speaking to the media following his meeting with BJP president JP Nadda, Singh—who had been scheduled to run as the BJP candidate from Asansol in West Bengal but declared he would not after receiving negative feedback on his candidacy—avoided discussing the reasons behind his decision. "I spoke with the president of the party. After meeting with Nadda, Singh told the media, "Whatever happens in the future will be good." "That only time would tell," he responded when asked if he would run in the upcoming elections. I'll let you know if something occurs. Put it on hold for the time being "... On the other hand, Singh declined to respond to inquiries regarding the reasons behind his choice.Singh withdrew his name from the Lok Sabha election contest on Sunday from the West Bengal seat of Asansol, one day after the BJP announced him as its candidate from the seat currently held by Shatrughan Sinha of the Trinamool Congress (TMC).Singh thanked the BJP leadership in a post on X, but he also stated that he would not be able to run from Asansol "due to some reason," without providing an explanation.  

Published 04 Mar 2024 05:25 PM

CM Sukhwinder Sukhu will continue for 5 years, says Shivakumar; can say, replies Congress HP chief Pratibha Singh

Amid the ongoing political crisis in Himachal Pradesh, state Congress president Pratibha Singh on Friday undermined party observer DK Shivakumar's statement about Chief Minister Sukhvinder Singh Sukhu, stating that “it is the people of the state who will decide the fate of the government".Congress leader and Karnataka Deputy CM DK Shivakumar has said the Sukhwinder Singh Sukhu-led Himachal Pradesh state government will stay and all the MLAs want the Congress government for five years. However, Pratibha Singh's comment has revealed that the party's state unit and its observers are not on the same page on the issue. Reacting to Shivakumar's statement, Pratibha Singh was quoted by ANI as saying, “Observer ke bolne se kya hota hai', it is the people who will decide what will happen in the future." Mentioning her loyalty to the Congress party, Pratibha Singh noted, “I have spent my entire life in the Congress party. We started from the Congress party." "We affiliate with the Congress ideology. I can't say what can happen tomorrow," she added, hinting at another trouble for the party after the resignation of Vikramaditya Singh from the Sukhvinder Singh Sukhu cabinet. Interestingly, Pratibha Singh recently applauded the activities of the Bhartiya Janata Party (BJP) and said the Congress was on a weak footing. She also called out the Himachal CM for not listening to her advice to organise the party to regain strength in the state.  "From day 1, I had been telling the CM that we would be able to face the upcoming elections only if he strengthens the organisation. This is a very tough situation for us. We can see a lot of difficulties on the ground. As per the directions of PM Narendra Modi, the BJP is going to do a lot of things...We are on weak footing there. I urged him (CM) again and again that we need to strengthen and the party needs to be organised...I can say that it is a difficult time. Still, we have to contest elections and win," she told ANI. The Congress-led Himachal Pradesh government suffered a major setback after losing the Rajya Sabha elections because of cross-voting to the BJP. The grand old party lost the lone seat of the state in the Upper House of Parliament after its six MLAs cross-voted for the BJP. Moreover, Congress senior leader and minister Vikramaditya Singh announced his resignation from the cabinet. The development prompted the Congress party to send former Haryana CM Bhupinder Singh Hooda and Karnataka Deputy CM DK Shivakumar to the hill state to resolve the crisis. With the disqualification of the six Congress rebel MLAs, the strength of the House has reduced from 68 to 62. The halfway mark is now 32. The Congress now has 34 MLAs and the BJP has a total of 28 MLAs, including independents. The fortunes of the grand old party rely on its ability to keep the rest of its party MLAs together.       

Published 01 Mar 2024 09:48 PM

Himachal Pradesh Political Crisis: Six rebel Congress MLAs disqualified. What lies ahead for the hill state?

Himachal Pradesh Assembly speaker Kuldeep Singh Pathania on February 29 disqualified the six rebel Congress MLAs who cross-voted during the Rajya Sabha elections. With this, the six MLAs cease to be members of the Himachal Pradesh Assembly.After the disqualification, the Congress government has, for now, survived in Himachal Pradesh after a two-day scare over its future due to cross-voting by six of its MLAs in favour of the Bharatiya Janata Party (BJP) candidate in the Rajya Sabha election on February 27. The strength of the house after the disqualification, pending judicial scrutiny, comes down to 62. The Congress now has 34 MLAs in the house, with 32 being the majority mark. Three independent MLAs who supported the Congress also cross-voted for the BJP in the Rajya Sabha election. The BJP had demanded a trust vote soon after the Congress lost the Rajya Sabha polls due to defections. Former Chief Minister, Jairam Thakur, and other leaders claimed that the Congress party had lost the majority in the house. However, the Congress government passed the budget on Wednesday, February 28, while 25 BJP MLAs were not present in the house after 15 of them were suspended. Also, the disqualification of six rebel MLAs has changed the dynamics. "Our experts will analyse the situation, and after looking at their judgments, we will take a decision. It is too early to say anything. Congress was totally exposed in the Rajya Sabha elections. Congress has lost its opportunity. Morally, they have no right to stay in power and the emotions of the people of Himachal Pradesh are clear from this," Rajeev Bindal, Himachal Pradesh BJP president, told news agency ANI. This disqualification order is subject to judicial scrutiny and will attain finality after judicial scrutiny, Pathania said. Also, it remains to be seen if these six MLAs approach the court against the disqualification. The six legislators had cross-voted, along with three independents, during Rajya Sabha polls. However, they have not been disqualified for cross-voting, but for violating the whip and skipping the budget session of the Himachal Pradesh assembly. Pathania said he wanted to prevent 'the aya Ram gaya Ram' politics. This phrase is used to refer to politicians switching party allegiances frequently. The Congress government's survival will also depend on whether the party can ensure that there are no more defections among the 34 MLAs. The Congress government's survival will also depend on whether the party can ensure that there are no more defections among the 34 MLAs.    

Published 01 Mar 2024 09:46 PM

Events

Gadgets Trend

All Trending News in Asia

JLR India launches Discovery Sport 2024 at Rs 67.90 lakh

JLR India today launched the Discovery Sport 2024 in the country at a starting price of Rs 67.90 lakh (ex-showroom). The 2024 model comes with a price cut of Rs 3.49 lakh over the 2023 model.The Discovery Sport 2024 is available in Dynamic SE with two engine options - 2.0-litre petrol (245hp and 365Nm) and 2.0-litre Ingenium diesel (201hp and 430Nm). Both engines are mated to an automatic transmission. The new Discovery Sport gets subtle exterior updates. There is a contrast roof and exterior accents, including Discovery script, grille, lower body sills and lower bumpers, all having a distinctive Gloss Black finish. There is Gloss Black front claw detailing on the bumpers and wheel arches. There are 19-inch diamond-cut alloys. The SUV also gets a new Varesine Blue exterior paint option.JLR India today launched the Discovery Sport 2024 in the country at a starting price of Rs 67.90 lakh (ex-showroom). The 2024 model comes with a price cut of Rs 3.49 lakh over the 2023 model. JLR India today launched the Discovery Sport 2024 in the country at a starting price of Rs 67.90 lakh (ex-showroom). The 2024 model comes with a price cut of Rs 3.49 lakh over the 2023 model.The new Discovery Sport gets subtle exterior updates. There is a contrast roof and exterior accents, including Discovery script, grille, lower body sills and lower bumpers, all having a distinctive Gloss Black finish. There is Gloss Black front claw detailing on the bumpers and wheel arches. There are 19-inch diamond-cut alloys. The SUV also gets a new Varesine Blue exterior paint option.You now get a digital instrument cluster and steering wheel-mounted gearshift paddles as standard, while the redesigned centre console boasts a new floating 11.4-inch curved glass touchscreen. The latest Pivi Pro infotainment set-up features permanently accessible sidebars, which provide shortcuts to key vehicle controls and functions, such as media, volume, climate and navigation. There is a panoramic glass roof as well.The SUV has wireless Apple CarPlay and Android Auto as standard and a wireless charger. A natural shadow oak trim finisher surrounds a new gear shifter. Discovery Sport Dynamic SE features DuoLeather interiors with up to two colour options.    

Published 24 Jan 2024 11:24 PM

Assam govt threatening people not to join Cong yatra, says Rahul Gandhi

Congress leader Rahul Gandhi on Sunday alleged that Assam's BJP-led government has been threatening people against joining the Bharat Jodo Nyay Yatra, and refusing permissions for programmes along its route.People, however, are not afraid of the BJP, Gandhi asserted at a public gathering in Biswanath Chariali, the headquarters of Biswanath district.He also said the Congress will win by a huge margin against the BJP in the upcoming elections."We don't make long speeches as part of the yatra. We travel every day for 7-8 hours, talk to delegations, meet people and listen to their issues. And then, we fight for your issues; that is the aim of this yatra."When elections come, Congress will defeat BJP by massive margins," Gandhi asserted, urging party workers to march forward despite being threatened, and beaten up, as the fight is for the people.The yatra is in its fourth day in the state, having re-entered after a night halt in Arunachal Pradesh. It is scheduled to travel through Assam till January 25, covering a total of 833 km across 17 districts.Gandhi also alleged that flags and banners of the Congress are being damaged in the state."They (government) think they can threaten the people and suppress them. But, they are not realising this is not Rahul Gandhi's yatra. It is a yatra for the voice of the people," he said."Neither Rahul Gandhi nor people of the state are afraid of them," the former Congress chief said.He continued to target Assam Chief Minister Himanta Biswa Sarma, terming him as the most corrupt CM in the country."Everyone knows that the CM and his entire family are the most corrupt. The Assam government is run for the benefit of one family... the Congress MP alleged.He said that injustice was being done to farmers, who don't get the price for their produce, youths who don't find jobs after finishing studies and traders who bore the brunt of demonetisation and GST.  

Published 24 Jan 2024 10:03 PM

Budget 2024-25: Govt may increase capex to propel economic growth

With private investment still muted, the government is likely to maintain its momentum on increasing capital expenditure, especially for the infrastructure sector in the upcoming Budget to propel economic growth.Post Covid-19, the Budget has been laying special emphasis on capex. It has kick-started a dormant cycle for the economy. As a result India has witnessed over 7 per cent growth in the last three years, the highest among the large economies of the world. During the current financial year, the government has made a record high provision of Rs 10 lakh crore towards capex. During 2020-21, the government earmarked Rs 4.39 lakh crore which increased by 35 per cent to Rs 5.54 lakh crore in the subsequent year.Another 35 per cent hike in capex was done in 2022-23 to Rs 7.5 lakh crore which subsequently reached a high of Rs 10 lakh crore, an increase of 37.4 per cent.In the upcoming Budget too, the government is expected to earmark a large amount towards capex as such investment has a multiplier effect on the economy and it also crowds in private investment."We estimate Government of India to budget for a capex of Rs 10.2 lakh crore in FY25, implying a relatively sedate YoY expansion of about 10 per cent, compared to over 20 per cent expansion seen in each of post-COVID years. The slowdown in capex growth is likely to have some bearing on economic activity and GDP growth," Icra said in its pre-Budget expectations.  The capex rose by 31 per cent to Rs 5.9 lakh crore in April-November of the current fiscal (58.5 per cent of FY2024 BE) from Rs 4.5 lakh in April-November FY23 (60.7 per cent of FY23 Prov).While the growth remained high, capital spending contracted in October 2023 (-14.9 per cent; first instance of contraction since April 2023) and then rose by a marginal 1.6 per cent in November 2023. Moreover, it has averaged at Rs 73,210 crore/month, 12.2 per cent lower than the required monthly average of Rs 83,400 crore to meet the budgeted target of Rs 10 lakh crore.India is a hugely infra deficit country and heavy lifting in this regard is being done by the government which crowds in private investment. With the growth in the economy, there has been a pick-up in private investment in recent times in some of the sectors like steel, cement and petroleum sector.According to Emkay Global Financial Services head research Seshadri Sen, capex by the government would continue and it will happen at a faster pace.The capex would help unlock the virtuous cycle. Investment leading to productivity growth, job creation, demand and exports feed into each other and enable animal spirits in the economy to thrive.  

Published 24 Jan 2024 10:02 PM

Sensex, Nifty tick higher after a 3-day drop; IRFC, Network 18 jump up to 5%

The 30-share BSE Sensex surged 635 points or 0.89 per cent to trade at 71,822, while the NSE Nifty was up 169 points or 0.79 per cent to trade at 21,631. Indian equity benchmarks were up in Friday's early trade following a three-day losing streak, led by gains across all sectors. The 30-share BSE Sensex surged 635 points or 0.89 per cent to trade at 71,822, while the NSE Nifty was up 169 points or 0.79 per cent to trade at 21,631. Broader markets (mid- and small-cap shares) were positive as Nifty Midcap 100 rose 0.83 per cent and small-cap gained 0.95 per cent. On the global front, Asian markets opened higher, tracking an overnight rise in Wall Street equities.Back home, foreign institutional investors (FIIs) sold Rs 9,901.56 crore worth of shares on a net basis during the previous session, while domestic institutional investors (DIIs) bought Rs 5,977.12 crore worth of shares, exchange data showed.   All the 15 sector gauges -- compiled by the NSE -- were trading in the green. Sub-indexes Nifty Financial Services and Nifty IT were outperforming the NSE platform by rising as much as 1.01 per cent and 1.22 per cent, respectively.On the stock-specific front, Tech Mahindra was the top gainer in the Nifty pack as the stock soared 2.74 per cent to trade at Rs 1,392.3. Wipro, Coal India, HCL Tech and TCS rose up to 1.92 per cent. In contrast, IndusInd Bank was the top loser on Nifty50.   The overall market breadth was strong as 2,411 shares were advancing while 400 were declining on BSE.On the 30-share BSE index, ICICI Bank, HDFC Bank, Infosys, TCS, Axis Bank, ITC, L&T, Airtel and Titan were among the top gainers.Also, BSE 500 stocks such as IRFC, Network18, Home First Finance, IndiaMART, Poonawalla Fincorp, HUDCO and ITI moved up to 5.33 per cent higher. On the other hand, Shoppers Stop, Metro Brands, Dixon Technologies, Polycab India, ZEE, Cholamandalam Finance and Alembic Pharma slipped up to 3.78 per cent.    

Published 24 Jan 2024 10:02 PM

Paytm Credit Card on UPI enables effortless daily transactions like payments on grocery stores, chai shops

With just a smartphone, users can easily make UPI payments via credit cards on the Paytm app, powered by Paytm Payments Bank. The convenience of digital transactions have become a fundamental aspect of our daily lives in today’s fast paced world. One such transformative force in the digital payment landscape is the integration of UPI payments through credit cards on the Paytm app. Making small payments of ₹10 to ₹100 bucks through credit at your nearby Kirana stores or a local chai shop or even a chat shop has evolved into the ultimate and convenient payment method for users. This groundbreaking feature offers users the convenience of utilizing credit for routine payments, eliminating the need to rely solely on savings accounts and carrying the card everywhere. With just a smartphone, users can easily make UPI payments via credit cards on the Paytm app, powered by Paytm Payments Bank.   Users simply need to link their Rupay Credit Card to UPI through a straightforward process with quick and easy steps. The Credit Card on UPI feature allows users to scan merchant QR codes, allowing them to earn reward points with every transaction.With millions of merchants now accepting payments via credit cards on UPI, this can have a significant impact on the payment landscape.   This integration of RuPay Credit Cards on UPI not only expands credit card usage for customers but also supports merchants in the credit ecosystem through assets like QR codes. The increasing acceptance of RuPay credit cards on UPI contributes to financial inclusion, benefiting merchants and businesses across India.  Paytm Payments Bank remains at the forefront of innovation, driving the adoption of UPI payments with credit cards, and envisions a future where this technology reshapes the dynamics of the payment ecosystem in India.  

Published 24 Jan 2024 10:01 PM

Delhi-NCR stays in fog grip: Many trains, flights delayed, no respite till Jan 21

Dense to very dense fog and cold day to severe cold day conditions are likely to continue to prevail over North for the next 2 days (Jan 21) and then decrease in intensity.Fog update: Respite will have to wait for several parts of North India reeling under chilling cold wave conditions along with dense fog that has disrupted rail and air traffic for the past few weeks. Maximum temperatures have dropped below normal by 5-8 degrees Celsius since December. There was a brief respite on January 7 and 8, owing to a passing western disturbance but cold conditions returned from January 9.  Dense to very dense fog and cold day to severe cold day conditions are likely to continue to prevail over North for the next 2 days (Jan 21) and then decrease in intensity. Cold wave and dense fog conditions are likely to prevail over Delhi, Punjab, Haryana, Chandigarh and Uttar Pradesh and Rajasthan and at isolated places over Himachal Pradesh, and Uttarakhand, according to the forecast by the India Meteorological Department (IMD)."Dense to very dense fog at a few places in Punjab, Haryana, Chandigarh, Delhi, Uttar Pradesh and Rajasthan and at isolated places over Himachal Pradesh, and Uttarakhand," the weather department said."Cold day to severe cold day conditions at a few places in Uttar Pradesh and Rajasthan and at isolated places in Himachal Pradesh, Uttarakhand, Punjab and Haryana.   Cold wave to severe cold wave conditions at a few places in Punjab, Haryana, Chandigarh and at isolated places in Himanchal Pradesh. Ground frost at isolated places in Himachal Pradesh and Uttarakhand," it added. The early-morning foggy weather in Delhi and adjoining areas has significantly impacted road, rail, and air traffic over the past several days. On Friday, at least 22 trains from various parts of the country were running late, and several flight operations were delayed at Delhi's Indira Gandhi International (IGI) airport due to low visibility amid the fog.According to the weather department, minimum temperatures are in the range of 3-6 degrees Celsius over many parts of Punjab and some parts of Haryana-Chandigarh; in the range of 7-10 degrees Celsius over most parts of Delhi, Uttar Pradesh, Rajasthan, north Madhya Pradesh and Bihar.These are below normal by 1 degree to 3 degrees Celsius over many parts of Punjab, Haryana-Chandigarh-Delhi and West Uttar Pradesh and in isolated pockets of Rajasthan.  

Published 24 Jan 2024 10:00 PM

Removing layers: Sundar Pichai hints at more layoffs at Google in 2024

A day after laying off around 1,000 employees, Google chief executive officer (CEO) Sundar Pichai, on Wednesday, hinted towards more job cuts in the year ahead, The Verge reported. Terming it as part of a larger restructuring plan, Pichai, in an internal memo to Google employees, said, "We have ambitious goals and will be investing in our big priorities this year…the reality is that to create the capacity for this investment, we have to make tough choices."Referring to the "tough decisions", Pichai further said in the memo, "These role eliminations are not at the scale of last year's reductions and will not touch every team. His remark referenced Google's 2023 layoffs when the tech giant fired about 12,000 employees, the biggest layoff in the company's history in a single year.According to the report, Pichai said the layoffs this year were about "removing layers to simplify execution and drive velocity in some areas."Pichai's communication followed a day after Google handed pink slips to around 1,000 employees in the advertising sales team in the first layoff wave of 2024. The company said the eligible employees would receive severance pay. It also offered that the impacted employees may re-apply for open positions in other departments. However, it clarified that those unable to secure a position at the company would be required to exit by April. The developments followed about a week after Google had announced that it would lay off hundreds of people working on its voice-activated Google Assistant software and the company's Devices and Services team.Apart from Google, Jeff Bezos' Amazon also announced last week that it would fire several hundred employees in its streaming and studio operations.Neither company has specified the exact number of job role cuts they are planning in 2024.  

Published 24 Jan 2024 09:58 PM

HDFC seeks Singapore bank licence to open its 1st branch in the country

HDFC Bank Ltd, India’s biggest private sector lender, is seeking to open its first branch in Singapore, signaling its overseas ambitions after sewing up a landmark merger with mortgage financier Housing Development Finance Corp. last year.  The bank has applied to the Monetary Authority of Singapore for a banking licence and is awaiting approval, according to sources familiar with the matter. It is not clear what kind of banking licence HDFC Bank is seeking in Singapore, said one of the people, who declined to be identified as the information is confidential.The banking giant is seeking a bigger presence abroad to tap the Indian diaspora for savings and term deposits, as well as to cross-sell more products, including mortgages, the people said. At home, HDFC has been focusing on deepening its reach in the world’s most populous country through loans to retail customers. HDFC Bank did not respond to an email seeking comment. “As a matter of policy, MAS does not comment on our dealings with financial institutions,” according to a spokesperson from the Singapore regulator.Singapore, with a population of almost 6 million people, houses a large India diaspora. About 650,000 non-resident and persons of Indian origin live in the city-state, according to Indian government data.HDFC Bank is currently not licenced or regulated by the MAS, according to its website. It only provides home loans-related advisory services for the purchase of properties in India, the website states.  The categories of banking licences in Singapore encompass full banks, qualifying full banks and wholesale banks, which impose varying levels of restrictions on the lenders’ activities. State Bank of India and ICICI Bank Ltd. hold qualifying full banking licences, alongside eight other banks like Bank of China Ltd. and BNP Paribas SA. Such licences are open only to foreign banks and allow them to have additional branches and/or off-premise ATMs as well as to share ATMs among themselves, according to the Association of Banks in Singapore’s website.The MAS regulates and supervises more than 150 deposit-taking institutions in Singapore, ranging from full banks to finance companies, according to its website. Besides Singapore, HDFC Bank also has presence in markets like London, Hong Kong and Bahrain. The India bank has a total customer base of 93 million at the end of the December quarter compared with 91 million in the preceding three-month period, according to an investor presentation.   

Published 24 Jan 2024 09:58 PM

Sensex slips for 3rd day, dips 314 pts; OFSS up 27%, LTIMindtree tanks 11%

Intraday, the Nifty witnessed a pullback from the support zone of 21,820 – 21,300, which is likely to continue over the next few trading sessions. On the upside, the counter-trend pullback can extend till 21,600 – 21,650 where resistance in the form of the 20-day moving average is placed.In terms of levels, 21,550 – 21,570 is the immediate hurdle zone while 21,350 – 21,300 is the crucial support zone. Bank Nifty has reached the 161.82% Fibonacci extension level 45,768, which also coincides with the 20-week moving average making the zone of 45,800 – 45,600 a crucial support zone.Until this is not breached on the downside, we can expect the recovery to continue. On the upside, the pullback can come till 46,400 – 46,600.Views by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas. The benchmark indices exhibited recovery from the day’s low and ended in red amid weak global cues, as investors are trimming bets on rapid FED cuts due to strong US retail sales and the resulting rise in global bond yields.Furthermore, oil price advances and rate escalation risks have led to disruptions in global shipping and crude production.The broader market continued its selling pressure given the elevated valuation and profit booking with an aim for sector rotation.Indian snacks maker Haldiram's is in talks to acquire a majority stake in Prataap Snacks, which is valued at $350 million, to expand its presence in the potato chip market, two people with direct knowledge of the matter said.The talks are at an early stage and a valuation has not been discussed, though it could be at a premium to Prataap's stock price.Haldiram's is eyeing a majority stake of at least 51%, but a final number has not been decided, said the sources.  

Published 24 Jan 2024 09:57 PM

Adani stocks found buyers in Indias retail investors during Hindenburg row

India’s retail investors piled into Adani Group companies as their shares cratered in the wake of the Hindenburg Research’s scathing report last January. A year later, they’re still keeping the faith.  Individual holdings in nine of the group’s 10 stocks at the end of December are higher than they were before the short-seller’s attack on the conglomerate, exchange data compiled by Bloomberg show.  The group’s market value has increased by more than $60 billion since late November, and is just $50 billion away from erasing the losses spurred by Hindenburg’s report. The recovery likely rewarded retail investors who used the selloff as a buying opportunity. “Many of the retail investors came in after the crash,” said Chakri Lokapriya, managing director at Mumbai-based asset manager RedStrawBerry LLP and former fund manager at BNP Paribas Asset Management. “They have exhibited a sense of maturity to hold on given that infrastructure companies take longer to realize their earnings potential.” While foreign investors, insurance companies and high-networth individuals pared their holdings in various group entities in 2023, the number of retail investors — those with at least Rs 2,00,000 ($2,411) to invest — jumped 42 per cent to 6.7 million in Adani companies, data compiled by Bloomberg show.   Hindenburg’s allegations of stock manipulation and fraud, repeatedly denied by the group, had wiped off more than $150 billion from its market value at one point. Billions of dollars in investments from marquee funds including GQG Partners LLC, and more recently, an observation from India’s top court that it won’t take media reports on Adani as the “gospel truth,” has renewed investor confidence in the group stocks. To be sure, retail shareholding in the flagship Adani Enterprises Ltd. and Adani Ports and Special Economic Zone Ltd. fell from the levels reached at the end of March 2023, as the rally likely prompted some investors to book gains. “Retail investors who bought into these stocks definitely made money,” said Ambareesh Baliga, an independent market expert. “But when you are buying momentum stocks, you should book profits from time to time.”  

Published 24 Jan 2024 09:56 PM

Apple expands India presence, opens office covering 15 floors in Bengaluru

US-based technology giant Apple expands its presence in India with a new office in Bengaluru, Karnataka. The new Apple office is located at Minsk Square in the center of the city. In its proximity, there are landmarks buildings and spots such as parliament, high court, central library, Chinnaswamy cricket stadium, and one of the largest green parks within Bengaluru. Covering 15 floors, the new Apple office will house up to 1,200 employees and features a dedicated lab space, areas for collaboration and wellness, and Caffe Macs. Its proximity to Cubbon Park metro station means public transit is easily accessible for employees. "Apple is thrilled to expand in India with our new office in the heart of Bengaluru. This dynamic city is already home to so many of our talented teams, including software engineering and hardware technologies, operations, customer support, and more. Like everything we do at Apple, this workspace is created to foster innovation, creativity, and connection. It’s an amazing space for our teams to collaborate” said Apple.From its Bengaluru office, Apple’s teams will work across a wide range of Apple’s business — from software, hardware, services, IS&T, operations, customer support, and others. In line with Apple's global presence, the new Apple office in Bengaluru boasts an interior crafted from locally-sourced materials, including stone, wood, and fabric in the walls and flooring, and the office is filled with native plants.  The office is designed with sustainability at the core – will run on 100 per cent renewable energy. With it Apple aims to achieve a Leadership in Energy and Environmental Design (LEED) Platinum rating — the highest level of LEED certification. Apple has been carbon neutral for its corporate operations since 2020, and has run all Apple facilities using 100 per cent renewable energy since 2018. In India, the company has its corporate office footprint in Mumbai, Hyderabad, and Gurugram, and now in Bengaluru.  

Published 24 Jan 2024 09:56 PM

Govt may earmark Rs 4 trillion for next years food, fertiliser subsidies

India may earmark about Rs 4 trillion ($48 billion) for food and fertiliser subsidies for the next fiscal year, two government sources said, indicating fiscal caution ahead of this year's general election. Food and fertiliser subsidies account for about one-ninth of India's total budget spending of Rs 45 trillion during the current fiscal year that ends on March 31. The Ministry of Consumer Affairs, Food and Public Distribution has estimated next year's food subsidy bill at Rs 2.2 trillion ($26.52 billion), the two sources said. That is 10 per cent higher than a projected outlay of nearly Rs 2 trillion ($24.11 billion) for the current 2023-24 fiscal year. Additionally, next fiscal year's fertiliser subsidy is expected to be Rs 1.75 trillion ($21.10 billion), down from the current 2022-23 fiscal year estimate of nearly Rs 2 trillion, one of the sources said.The sources, which are directly involved in the decision making on the subsidies, did not wish to be named as they were not authorised to speak to the media.Finance Minister Nirmala Sitharaman will unveil the 2024/25 budget on Feb. The Ministry of Finance, the Ministry of Chemicals and Fertilizers and the Ministry of Consumer Affairs, Food and Public Distribution ministries of finance did not reply to requests for comment. Maintaining the combined subsidies at their current level would be unusual for a government facing a national election in just a few months, but Prime Minister Narendra Modi is widely expected to win a rare third term in elections scheduled for April and May. Also, containing food and fertiliser subsidies is crucial for managing India's fiscal deficit, which Modi's government is targeting at 5.9 per cent of gross domestic product this year and planning to lower by at least 50 basis points in the fiscal year 2024/25. The food subsidy bill is likely to go up next year as Modi's administration late last year extended its flagship free food welfare programme for the next five years.  

Published 24 Jan 2024 09:55 PM

Newsletter

Subscribe our newsletter to stay updated every moment