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Most brokerage houses are positive on the deal that Reliance Industries and Walt Disney struck on Wednesday to merge their media operations in India. The Disney India-Viacom18 joint venture, with near-monopoly in cricket broadcasting rights in India, is expected to push up advertisement rates and turn the broadcasting industry highly competitive, especially for smaller players. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LomUhBx

Government on Thursday cleared proposals for three semiconductor manufacturing units worth Rs 1.3 lakh crore, including the country's first fab manufacturing plant by Tata Group and Taiwanese Powerchip Semiconductor Manufacturing Corp (PSMC) in Gujarat. This will be a big push to India's electronics manufacturing set-up as the chips will be made within the country for the first time. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/04ueMBK

The Staff Selection Commission has declared the final result of the Combined Higher Secondary (10+2) Level Examination 2023. The results of Tier-I revealed candidates shortlisted for various positions. In Tier-II, candidates appeared for Typing Test and DEST. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/Z8DMsSQ

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A comment by Thailand's ambassador to WTO accusing India of using 'subsidised' rice for capturing the export market has created a diplomatic storm. Indian negotiators refused to participate in deliberations. The Indian govt lodged a strong protest and the issue of public stockholding remains unresolved due to the unwillingness of rich nations to discuss reducing import duties. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ii8rn0L

India criticizes the US for blocking WTO appellate body appointments, resulting in loss of credibility. Talks on investment facilitation and the Doha Development Agenda have deadlocked. WTO officials downplay the impact of a collapse. US Trade Representative rejects a deal on dispute settlement. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WdKE4lM

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Vijay Shekhar Sharma, the founder of Paytm Payments Bank, has resigned as the non-executive chairman of the bank's board, following the Reserve Bank of India's restrictions on the bank's operations. Bhavesh Gupta, the nominee director of the bank's parent company, One97 Communications, has also stepped down. However, Sharma will continue to lead One97 Communications, and Paytm app will function as a third-party application provider for UPI transactions. The bank has appointed Srinivasan Sridhar, the former chairman of Central Bank of India, along with three others, as new board members. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qj0a5G4

Adani Group is partnering with Uber to introduce electric cars on Uber's ride-hailing platform and integrate Uber services into Adani One. The collaboration aims to boost the adoption of electric vehicles in India and expand Adani Group's super app. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KeZHXM3

Ministers from 160 member nations of the World Trade Organisation (WTO) return to the Persian Gulf to discuss the core issues that have hindered progress since the Doha Round of talks 23 years ago. The discussions include agriculture, fisheries, dispute settlement, e-commerce, and new issues. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/j5EvMzb

ICSI to announce CS Executive and Professional December 2023 results today, available for download on icsi.edu. Passing criteria requires 40% in each subject and 50% aggregate. Results include pass percentage and toppers list. Candidates can access individual marks breakdown online. E-Result-cum-Marks Statement for Executive Program downloadable immediately; Professional Program statements dispatched to registered addresses. Next exams scheduled for June 2024, enrollment starting February 26, 2024. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/UiIA8au

The Common University Entrance Test (CUET) for postgraduate programs in Indian universities has garnered record-breaking registrations, with preparations finalized for the upcoming exam. Notably, female registrations surpass male registrations, echoing a trend from previous years. Over 179 universities nationwide have pledged merit-based seats for CUET qualifiers. While some institutions like Jamia Millia Islamia are deliberating CUET's full-scale adoption, the exam heralds a transformative shift towards inclusivity and academic excellence in higher education admissions. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/HM4QOu6

The CBSE Class 10 English Board Exam is tomorrow. Utilize the CBSE Class 10 English Model Answer Sheet for tips. Last-minute tips include understanding poem themes, summarising plot points, and recognising central tension in plays. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/ORwyfLI

Indian media company Zee Entertainment and digital payments firm Paytm have both established advisory committees to address accounting and financial concerns. Zee Entertainment's committee, led by retired Allahabad High Court judge Satish Chandra, includes independent directors Uttam Agarwal and P V Ramana Murthy. Similarly, Paytm has formed an advisory panel to navigate its current situation. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ex1ruhL

The Indian banking and financial sector stocks, which have been performing well in recent years, may face challenges ahead. Rising pressure on the cost of funds, concerns about unsecured retail loans, and increasing operational costs could hinder the growth of Indian lenders in the coming years. Goldman Sachs has downgraded SBI, ICICI Bank, and Yes Bank, but maintained a 'buy' rating on HDFC Bank and upgraded Bajaj Finance to a 'neutral' rating from 'sell'. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KgehjAW

In a fresh move seeking to tackle pesky calls and control frauds through mobile phones, telecom regulator Trai on Friday recommended that names of callers should be displayed in incoming calls. And, details of caller can be fetched from Customer Application Form (CAF), Trai said, as it recommended the measure to the department of telecom. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/frHyYsn

Investors in Think & Learn, the parent company of Byju's, are seeking to remove founder Byju Raveendran as CEO and restructure the board. This comes after a group of investors requested the National Company Law Tribunal to declare the founders unfit to run the company due to alleged oppression and mismanagement. They are also seeking the appointment of a new CEO, board, and the voiding of a $200 million rights issue. A battle for control between Byju's management and the investors is now imminent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ozbZ0GW

ATR, the regional aircraft major, expects India to become its largest market in the next five years. With the government's focus on regional air transport and the growing economy, the demand for ATR planes in India is predicted to be significant. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NHBfG3V

Aditya Birla Group is investing in Birla Opus, its paints venture, with the aim to disrupt the industry and become the number two player. They plan to achieve a revenue of Rs 10,000 crore and cover the entire country by FY25. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rc0sTfO

Indians are young buyers of luxury sports cars like Lamborghini. Sales in India are low but the country has massive potential. Indian buyers are aware of the brand, demand personalization, and are buying cars abroad. The Covid rush has waned down, but demand remains strong. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/JPLhylU

Finance minister Nirmala Sitharaman met financial sector regulators to discuss uniform KYC norms, simplification and digitalization of the KYC process, steps to check unauthorised lending through online apps, and the implementation of a seamless KYC system like the mutual fund industry. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/S7JdxDi

LTIMindtree has signed a MoU with Eurolife FFH to establish a genAl and digital hub in Athens and dedicated facilities in Poland and Mumbai. The partnership aims to leverage advanced technology to deliver innovation in the insurance industry. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hrbA2X0

Kumar Mangalam Birla plans to launch an IPO of Novelis, his aluminium company, in the US market. It will be the first Indian conglomerate to sell common shares in the US. The IPO will enable Hindalco to raise capital for projects and expansions. Indian companies like Rediff and Sify have previously listed on US exchanges. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nAqZ7Hl

Overseas remittances jumped to $2.4 billion in Dec 2023 from a nine-month low of $1.9 billion in Nov. The highest remittance ever was recorded in June 2023, which saw a total outgo of $3,890 million after the government announced that tax collection at source (TCS) would come into force from July 1, 2023. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lLEfyXh

CBDT said that such small tax demands that were outstanding as on Jan 31, 2024 raised under the I-T Act and also under the erstwhile Wealth Tax and Gift Tax Acts, shall be remitted and extinguished subject to the ceiling of Rs 1 lakh for a taxpayer. Taxpayers can check the status of the demands by logging on to the I-T portal. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wIvMS9F

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The National Testing Agency (NTA) conducted the Joint Entrance Examination (Main) for the January 2024 session. The exam took place in multiple time slots across various centers. The result was announced after using a normalization process based on Percentile Score for fairness. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/xMe0LVg

The Institute of Banking Personnel Selection (IBPS) has released the IBPS SO Mains Scorecard 2024. Candidates can check their scorecard on the official website. Shortlisted candidates will proceed to Interviews in February/March 2024, and must upload eligibility documents. Ensure to produce all required documents at the interview to avoid rejection. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/jOmQJc1

BYD, once mocked for poor quality, has become a global leader in electric car sales, surpassing Tesla. The company's success is attributed to expanding worldwide, introducing cost-effective Blade batteries, targeting the Chinese market's demand for cheaper cars, and raising concerns about Chinese electric car exports. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Y8xfBsJ

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The government has increased the authorised capital of Food Corporation of India (FCI) from Rs 10,000 crore to Rs 21,000 crore through a notification. This move will help FCI reduce its borrowings from banks and save approximately Rs 750 crore annually. FCI is responsible for procurement of foodgrains from farmers, stocking and distribution under the PDS. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qFXJ3Sl

A day after the RBI instructed payment networks Visa and Mastercard to stop enabling business credit card issuances by fintech aggregators, the central bank stated on Thursday that there were other violations, including payments made to illegal merchants. RBI said that a card network had an arrangement that enabled businesses to make card payments through certain intermediaries, to entities that do not accept card payments. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iGpU3Ft

In the central bank's first meeting with bank heads since July 2023, RBI Governor Shaktikanta Das discussed the issue of outlier growth in the personal loans market, as well as exposure to NBFCs. In November, RBI increased risk weights on unsecured personal loans and lending to NBFCs in an effort to limit bank credit to these areas. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5to6nRj

Senior officials from Paytm have appeared before the Enforcement Directorate in connection with suspected irregularities reported by the Reserve Bank of India lately. The regulator had prohibited the payments bank from receiving customer deposits after February 29. ED has asked Paytm executives to come again with certain documents sought by the probe team. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wbEoDkr

State-run iron ore miner NMDC Ltd on Wednesday said it has clocked a 68% jump in profit after tax (PAT) for the third quarter ended December 31, 2023, at Rs 1,492 crore as compared to Rs 890 crore in Q3 of FY23. This was on 45% rise in turnover to Rs 5,410 crore in Q3FY24 as against Rs 3,720 crore in Q3FY23 as the Navratna public sector enterprise recorded its highest ever production and sales volume of 12.22 metric tonnes and 11.39 MT, respectively, for the quarter, clocking a 15% and 19% growth in production and sales, respectively, over Q3FY23. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8GEhPkg

Reliance Industries, an oil-to-telecom behemoth, became the first Indian firm to reach Rs 20 lakh crore in market capitalization on Tuesday, thanks to an almost 30% increase in its stock price over the last three months. RIL touched the Rs 1-lakh-crore market cap mark for the first time on Aug 2, 2005. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DkaxgMj

The Dredging Corporation of India Limited (DCIL) a leader in the Dredging Industry, posted a profit of Rs. 27.22 crore for Quarter Three (Q3) of 2023-24 financial year as against Rs 13.84 crore for the same quarter last year. The DCI announced its Earnings per share (EPS) is at Rs. 9.72 for Q3. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/narbsB6

The Sensex fell by 523 points on Monday, owing to profit taking in metal and financial stocks amid mixed global market trends. The Sensex ended 0.7% lower at 71,072 as 22 of its components closed in the red and eight in the green. The barometer opened higher, reaching a high of 71,757 in early trading. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/871KZEk

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Government is examining FDI from China in Paytm Payments Services, the payment aggregator subsidiary of One97 Communications, sources said. In Nov 2020, Paytm had applied for a licence with RBI to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways. However, in Nov 2022, RBI rejected its application and asked the company to resubmit it, so as to comply with Press Note 3 under FDI rules. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/BnDEPIH

Hong Kong’s old-money families are feeling the chill of China’s downturn. An unprecedented four out of the five Hong Kong dynasties who rank among the 20 richest Asian clans have seen their fortunes erode over the past year, according to Bloomberg. The families — many of whom have substantial chunks of their riches in real estate — are confronting both the slide in the city’s stock market and their exposure to the sustained property crisis in China from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/S03b8ti

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With less than a week left for the CBSE board exams in 2024, TOI had a conversation with Dr. Sanyam Bhardwaj, the Controller of Examinations at the Central Board of Secondary Education. The aim was to glean valuable insights for CBSE candidates, commonly referred to as 'exam warriors.' In a recent discussion with TOI Education, one important topic addressed with Dr. Bhardwaj pertained to the elevated stress levels experienced by numerous students in the lead-up to the CBSE board exams. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/k3GamNP

Indonesia has ditched a controversial plan to buy 733 million euros ($790 million) worth of Mirage 2000-5 fighter jets previously used by Qatar, the defence ministry spokesperson said late on Saturday. "There is no purchase of Mirage jets. Even though it was planned, it has been cancelled ... meaning there is no active contract," spokesperson Dahnil Anzar Simanjuntak said in a statement, but did not elaborate. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Oc563zw

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Delhi leads in GST evasion by bogus firms, with 483 detected in Q3 FY24, totaling Rs 3,028 crore. Nationwide, 4,153 such firms were found, evading Rs 12,036 crore in input tax credit. Delhi's crackdown resulted in blocking Rs 90 crore in tax credits and 11 arrests. Measures are in place to prevent entry of fake firms. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EcsgwIy

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