In this issue

May 26, 2023

Meta's senior India executives get pink slips

Directors of marketing, media partnerships among impacted

2 mins

Ola Electric plans market debut by early 2024 to fire up growth

Ola Electric founder Bhavish Aggarwal owns about 40% stake in the firm at present

3 mins

Investors from 21 nations get angel tax exemption

Funding from countries such as Mauritius and Singapore in unlisted start-ups to attract the tax

2 mins

Vedanta pledges nearly all its HZL stake to raise funds

Fresh loan of $850 million raised from JPMorgan Chase, Oaktree

2 mins

Now, Amul faces Aavin heat in TN

TN CHIEF MINISTER M K STALIN HAS ASKED HOME MINISTER AMIT SHAH TO INSTRUCT AMUL TO CEASE MILK PROCUREMENT IN TAMIL NADU IMMEDIATELY

1 min

Pinwheel Samosa in Mumbai, Makhni Pasta in Delhi: Tim Hortons goes desi

Tim Hortons' cheapest food item in India is Timbits, or 'donut holes' priced at ₹39

2 mins

Bernstein pegs RIL's stake in retail arm at $111 billion

Says firm best positioned in the 'largest and fastest growing e-com market'

2 mins

Vi CUTS NET LOSS TO ₹6.4K CR; LOGS 1ST POST-MERGER REVENUE RISE

Vodafone Idea (Vi) on Thursday reported consolidated net loss of ₹6,418 crore in Q4 FY23 on a year-on-year (YoY) basis on the back of an increase in operating expenses.

1 min

Rishad Premji takes 50% pay cut as Wipro profit falls

Rishad Premji, chairman of IT services major Wipro, saw his compensation for FY23 decline by almost 50 per cent year-on-year, due to a fall in the firm's profit.

2 mins

As 2nd innings nears close, some unfinished business

As the Narendra Modi government enters the final year of its second term, here's a look at some projects that are hanging fire

4 mins

MiG-29K fighter's 1st night landing on INS Vikrant

For the first time, the MiG29K fighter aircraft undertook night landing on indigenously-built aircraft carrier INS Vikrant, a feat described by the Indian Navy as a \"historic milestone\".

1 min

Irdai to create state insurance plan mirroring SLBCs: Panda

The Insurance Regulatory and Authority of Development India (Irdai) is trying to create a state insurance plan in which district potential targets will be aggregated to create plans similar to the State Level Bankers' Committee (SLBC), Irdai Chairman Debasish Panda said on Thursday.

1 min

WTO dispute over ICT tariff: India appeals into the void

India on Thursday appealed against a ruling by the dispute settlement body at the World Trade Organization (WTO) that had ruled against its imposition of tariffs on mobile phones and electronic components.

2 mins

Nvidia sparks $263-bn rally at AI counters

Close to becoming 1st trillion-$ chip co

1 min

Migration to UK at new high, Indians dominate

The UK said a record number of migrants arrived last year, a trend that lays bare the divides in the ruling Conservative Party and highlights the economy's urgent demand for new workers.

1 min

Twitter tech glitch at DeSantis debut

Elon Musk wants to turn Twitter into a \"digital town square,\" but his much-publicised Twitter Spaces kickoff event, with Florida Gov.

1 min

Inflation bites: Germany slips into recession as households spend less

'People spent less on food, beverages, clothing, footwear, furnishings. They also bought fewer electric cars'

1 min

India for int'l cooperation on fugitive economic offenders, audit works

G20 ANTI-CORRUPTION WORKING GROUP MEETING

2 mins

IEPFA reaches out to firms to ease investor claims process

Unclaimed amount with the authority is over ₹5,000 crore

2 mins

BAFs lose advantage as investors make bets on riskier MFs

Outflows may not be huge but the traction seen in the later part of 2021 is waning, shows data

2 mins

FSSAI to conduct nationwide milk surveillance

To curb adulteration, regulator will test paneer, ghee, ice cream and other products sold by organised, unorganised sectors

2 mins

Kerala 1st full 'e-governed state' in India

Kerala made history after the Pinarayi Vijayan government on Thursday declared it as India's first 'total e-governed state', where the delivery of government services would be digitised, transparent, and fast.

1 min

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