In a bold step forward for satellite communication in India, the government has announced a new method for allocating satellite spectrum through an administrative process. This shift, outlined in the Telecommunications Bill 2023, marks a departure from the traditional auction system. The move is expected to accelerate the rollout of satellite internet services across the country, paving the way…
Tata Group, one of India’s largest and most influential conglomerates, has announced its ambitious plan to create 500,000 manufacturing jobs over the next five years. This monumental effort, spearheaded by Chairman N. Chandrasekaran, is part of the company’s broader vision to support India’s rise as a manufacturing powerhouse and align with the nation’s goal of becoming a “Viksit…
HCL Technologies, one of India’s largest IT services firms, has made headlines with the announcement of an interim dividend of ₹12 per equity share for the financial year 2024-25. This declaration comes on the back of the company’s impressive financial results for the second quarter (Q2), showcasing solid growth in revenue and profits.
The interim dividend is payable on October…
As the industrial world mourns the passing of Ratan Tata, a quiet figure has emerged as the likely successor to take the helm of Tata Trusts—Noel Tata, the half-brother of the late industrialist. Known for his understated leadership style, Noel Tata has spent over four decades within the Tata Group, managing several key divisions and guiding them to success.
A Trusted Leader in the Tata…
Ola Electric, once a prominent player in India’s electric vehicle (EV) market, is now grappling with a surge in consumer dissatisfaction. A recent show-cause notice from the Central Consumer Protection Authority (CCPA) has put the spotlight on the company, after it faced nearly 10,000 consumer complaints over the past year. The complaints predominantly concern poor after-sales service, delivery…
In a strategic leadership move, Nestlé India has named Manish Tiwary, former Country Manager of Amazon India, as its new Managing Director. This appointment comes as current Chairman and MD, Suresh Narayanan, plans to retire in July 2025 after a distinguished career of over 26 years with the FMCG major.
A Legacy of Leadership: Suresh Narayanan’s Impact on Nestlé India
Suresh…
OpenAI, one of the most influential names in artificial intelligence, recently concluded a monumental $6.6 billion funding round. This influx of capital has propelled the company’s valuation to an astounding $157 billion, positioning it among the top-tier private companies globally. The key players in this financial surge include tech giants Microsoft and Nvidia, alongside Thrive Capital…
Starting October 1, 2024, Indian stock exchanges like the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have revised their transaction charges, following new regulations from the Securities and Exchange Board of India (SEBI). These changes aim to simplify fee structures and ensure a uniform approach across trading segments, impacting brokers and traders alike.
Key Fee Changes in…
India’s fiscal deficit for April-August 2024 stood at ₹4.35 trillion, representing 27% of the full-year target. This figure is significantly lower than the corresponding period in 2023, when the fiscal deficit had reached ₹6.43 trillion, or 36% of the annual target. The reduction is attributed to higher tax receipts, a generous dividend payout from the Reserve Bank of India (RBI), and lower…
The festive season in India has become a significant battleground for e-commerce giants like Amazon, Flipkart, and Meesho. As competition heats up, these companies are deploying innovative strategies to ensure smooth operations and maximize sales. From establishing ‘war rooms’ to creating a celebratory atmosphere with music parties, these firms are pulling out all the stops.
War Rooms: The…
