BUSINESS
Excise policy case: Delhi court sends liquor trader to 3-day CBI custody
Special CBI judge M.K. Nagpal of the Rouse Avenue Court sent Dhall to CBI custody till April 21 on an application filed by the agency so that it could unearth the larger conspiracy behind the case. Last week, the court had allowed the probe agency to quiz Dhall. He was arrested by the CBI on Tuesday from the Tihar Jail, where he was in lodged in the money-laundering case.
Paytm posts updated shareholding for Q4 FY23, FPI shareholding almost doubles
The company has seen an increase in the shareholding of domestic institutions as well as foreign portfolio investors (FPIs). Domestic institutional shareholding has grown from 1.9 per cent to 3.2 per cent with mutual funds (MFs) and alternate investment funds (AIFs) increasing their stake. The overall shareholding of mutual funds has increased.
Air India pilots' unions reject proposed pay structure, warn of industrial unrest
The primary bone of contention is the reduction in flying allowance from 70 hours to 40 hours every month under the new structure, which the pilots believe is unfair. The two unions have warned of possible 'industrial unrest' if the management goes ahead with the new terms without their consent. While Air India has stated that it will "continue to engage with the remainder of its staff", the airline has taken a tough stance on the issue, saying that there are "no recognised unions in Air India".
2nd India-UK financial markets dialogue held; focus on sustainable finance, cryptoassets
According to a joint statement issued by the British government, both India and the UK discussed existing collaboration between central banks on climate scenario analysis and stress testing, as well as capacity building and spreading awareness on climate risk and sustainable finance.
This Akshaya Tritiya is an opportune time for purchasing gold
Though it is advisable to purchase gold in a strategic and staggered manner in order to average out purchase cost, and diversify your portfolio with at 10-15 per cent allocation to gold at all times, the question facing us this Akshaya Tritiya is whether we should do a token purchase, or can we buy more on this auspicious day towards building our gold allocation?
India's private equity, venture capital investments surpass $60 bn in 2022
The country's share of PE-VC investments in Asia-Pacific grew from 15 per cent to 20 per cent from 2021 to 2022, as China tailwinds and India's macro robustness made it a bright spot for investing, amidst decelerating capital flow in the region, according to Bain & Company's "India Private Equity Report 2023" in collaboration with Indian Venture and Alternate Capital Association (IVCA).
US dollar may not go down further, rupee to gain in short term: Emkay Global
The Indian rupee may gain some ground due to year end repatriations and once the supply dwindles the currency may become weaker again, it said. According to the report, the US dollar has conceded some ground to the other major currencies compared to the levels that were prevailing almost a month back.
Apple previews Delhi Saket store, Tim Cook to greet 1st customers on Thursday
Delhi's first Apple Store, to be inaugurated by the company's CEO Tim Cook on Thursday, will offer personalised support and unique experiences for customers to discover the technology. "We're thrilled to bring the best of Apple to our customers in Delhi with the opening of our second store in India, Apple Saket," said Deirdre O'Brien, Apple's senior vice president of Retail.
'Startups in India bringing down unemployment rate'
Kumar was in the city recently to unveil STPI incubation facility. Any NGO registered as a private limited company with a novel idea that meets the set criteria can be taken up as a startup. Interacting exclusively with IANS, he said, "Currently, around 10,000 startups are being supported by us, and these entities have been instrumental in creating thousands of direct and indirect jobs.
Seeing kids in India learn via tech makes my heart sing: Tim Cook
Returning to India after seven years to launch Apple's first own-branded retail store here, Cook paid a visit to Sitaram Mill Compound municipal school in Lower Parel area in Mumbai where Apple has integrated iPads and Apple TVs into the classrooms.The English medium BMC school is run by teachers and staff members who are part of The Akanksha Foundation, a non-profit organisation. The school currently has 470 students and 55 alumni, and each class has up to 40 students.
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