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Posted in Economy

Understanding India’s food inflation: The impact of rising tomato, onion, and potato prices

High food inflation has become a significant concern for policymakers in India, as food items account for 45.9% of the Consumer Price Index (CPI). Recent…

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The government is likely to announce a 3% DA hike for central employees ahead of Diwali, raising the current rate to 53%. This would impact over a crore employees and pensioners, providing them with arrears for previous months.
Posted in Business

Central government employees to get DA hike before Diwali? What we know

Oct 14, 2024 02:41 PM IST Central government employees may receive a 3% Dearness Allowance hike, raising their DA from 50% to 53%. Central government…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

Licious: Licious acquires Bengaluru-based My Chicken and More to boost offline presence

Meat and seafood home-delivery service Licious‘ parent company, Delightful Gourmet, on Monday said that it has acquired Bengaluru-based offline retailer My Chicken and More. It…

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Nandan Nilekani shared how he met his wife at a 1977 quiz competition in Mumbai, highlighting their contrasting personalities. Both are involved in philanthropy, especially in environmental issues, and they joined the Giving Pledge to tackle increasing global inequality and the responsibilities of wealth.(Reuters)
Posted in Business

Infosys co-founder Nandan Nilekani on how he met his wife at a quiz competition

Oct 14, 2024 01:50 PM IST Infosys co-founder Nandan Nilekani reminisced about meeting his wife at a 1977 quiz competition in Mumbai. He described her…

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During the 2017 Bombay House renovation, Ratan Tata prioritized the welfare of dogs living on the premises. N Chandrasekaran noted Tata's joy upon seeing the kennel, showcasing how small details reflect deeper values and priorities in significant undertakings.
Posted in Business

N Chandrasekaran on Ratan Tata’s concern with Tata HQ renovation: ‘Where will the dogs go?’

Oct 14, 2024 01:44 PM IST N Chandrasekaran recalled Ratan Tata’s concern for dogs during the 2017 renovation of Bombay House. Tata Sons chairman N…

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Avenue Supermarts Ltd. shares dropped 9.5%, the steepest decline in over five years, as concerns over online competition emerged. Net income fell below estimates, prompting multiple brokerages to downgrade the stock and suggest a review of the business model to adapt to changing market dynamics.
Posted in Business

Dmart shares fall on concern online competitors hurting sales

Oct 14, 2024 01:25 PM IST Shares of Avenue Supermarts Ltd. fell 9.5% amid concerns about online competition impacting its business. Shares in India’s Avenue…

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Bitcoin reached its highest price in two weeks at $63,890, driven by mixed Chinese stimulus reactions and shifting investor sentiment towards cryptocurrencies. The U.S. election dynamics and Mt. Gox's repayment delay further bolster Bitcoin's market prospects.
Posted in Business

Bitcoin at highest level in two weeks. Reason is Donald Trump

Bitcoin climbed to the highest level in two weeks as a mixed reaction to China’s latest stimulus efforts emboldened wagers that speculators will chase after…

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Tata Sons chairman N Chandrasekaran reflected on Ratan Tata's warmth and commitment to employees. He recounted a dispute resolution meeting where Tata emphasized empathy and understanding, showcasing his exceptional memory and keen observation skills.
Posted in Business

Tata Sons chairman N Chandrasekaran on Ratan Tata: ‘There really was no one like him’

Oct 14, 2024 12:08 PM IST N Chandrasekaran praised Ratan Tata for his humanity and warmth, sharing how their relationship evolved from business to personal….

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Wholesale inflation quickens to 1.84% in September driven by food price surge
Posted in Economy

Wholesale inflation quickens to 1.84% in September driven by food price surge

India’s wholesale inflation accelerated to 1.84 per cent in September on an annual basis, as against 1.31 per cent in August amid surge in food…

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RBI Governor Shaktikanta Das addresses at the High-Level Conference 'Central Banking at Crossroads', in New Delhi.(PTI)
Posted in Business

RBI governor’s warning on AI in financial sector: ‘Heavy reliance may lead to…’

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned that heavy reliance on artificial intelligence (AI) could lead to concentration risks in…

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