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Also Read: Govt issues advisory against real-money gaming ads In its advisory, the I&B ministry asked media entities, advertising intermediaries and social media platforms to ‘immediately’ refrain from showing ads and promotional content on betting/gambling in any form. Failure in following the guideline will lead to legal action against those entities. Also Read: Centre intensifies drive on betting ads for Asia, World Cup “Failure to adhere to this advisory may invite appropriate action from the Government of India under various statutes," government officials aware of the matter said, reported HT.

Stocks that traded heavily or had substantial price changes Thursday: Petco, Spirit AeroSystems fall; Nvidia, Guess rise

Noida came under scrutiny as a major scam unfolded, involving a network of employees predominantly recruited from the northeastern states of Manipur and Nagaland. As per a TOI report, the call centre, merely four months old, initially operated with a modest team of 25 individuals, each possessing a good command of English and trained to flawlessly emulate American accents.

By Lewis Jackson and Praveen Menon

Brics is set to add heft to the grouping of emerging economies as it announced on Thursday the inclusion of six new members, including India's key partners in the Gulf and North Africa, a development that Prime Minister Narendra Modi described as a message that «all global institutions need to transform considering the changing times». South Africa's President Cyril Ramaphosa made the announcement at a joint press conference of the leaders of the current members — Brazil, Russia, India, China and South Africa — on the concluding day of the 15th Brics summit in Johannesburg. «We have decided to invite the Argentine Republic, the Arab Republic of Egypt, the Federal Democratic Republic of Ethiopia, the Islamic Republic of Iran, the Kingdom of Saudi Arabia and the United Arab Emirates to become full members of Brics from 1 January 2024,» said the joint declaration issued at the end of the 15th Brics summit. At the summit, the Brics leaders tasked their finance ministers and central bank governors, as appropriate, to consider the issue of local currencies, payment instruments and platforms, and report back to leaders by the next summit.Deep relations The group also decided to clear the path for further expansion. «We have also tasked our foreign ministers to further develop the Brics partner country model and a list of prospective partner countries and report by the next summit,» said the joint statement. Prime Minister Modi said at the joint press conference — in the presence of Ramaphosa, Chinese President Xi Jinping and Brazilian President Luiz Inacio Lula da Silva — that the decision to expand the grouping will strengthen the belief of many countries in a multipolar world. The PM said the inclusion of new members will

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Wells Fargo investment institute's Paul Christopher discusses recession risk in the U.S. and shares his market outlook.

The major freight railroads say a disagreement over whether they will be allowed to discipline some workers who use a government hotline to report safety concerns has kept them from following through on the promise they made back in March to join the p...

Reliance Industries is likely to sell another 8-10% stake in Reliance Retail Ventures Ltd (RRVL) to fund expansion, retire debt and prepare for the initial public offering of the conglomerate's retail business, two senior industry executives aware of the plans said. This process will likely happen in tranches over 12-15 months and will be critical for the proposed IPO by the holding company of Reliance's retail operations, the executives said. The stake sale is crucial because at the current valuation of $100 billion (₹8.25 lakh crore), RRVL's IPO size will be humongous and the market may not have the liquidity to absorb such an offer. Hence, the company thinks, another 7-10% equity dilution will make the IPO size manageable to ensure its success since by then its valuation is also likely to go up, the people said. As per India's listing rules, the public shareholding, including those held by financial investors, of a company must be at least 25%.

Average salary increases have plunged to 35-40% from 50-100%, across categories of “hot skills” such as full-stack engineers, data engineers, front-end engineers, SRE/DevOps, data scientists and back-end engineers, according to data put together for ET by specialist staffing firm Xpheno. This marks a sharp slowdown from a year ago, when candidates were sitting on multiple job offers and offer shopping had become rampant while employers were in a hiring frenzy. For instance, the average salary range for a full-stack engineer with experience of four to seven years has reduced to Rs 10-26 lakh per annum from Rs 15-32 lakh per annum at the end of 2021-22. The negotiating range offered by employers has fallen to 20-35% from 50-100% during this period. For data engineers and data analytics, salary hikes on offer range between 25-35%, down from 40-90% a year ago, for front-end engineers the hikes have fallen to 15-35% from 50-90%, while for SRE/DevOps hikes range from 20-35%, down from 40-80% earlier, and for data scientists, salary hikes on offer have come down to 20-35% down from 40-100%. “We are witnessing the quintessential ‘calm after the storm’ in recruitment conversations now,” said Anil Ethanur, co-founder, Xpheno.

«We've observed heightened interest from local and regional businesses seeking impactful yet budget-conscious advertising,» Sunil Kumar Mohapatra, Chief Revenue Officer, VerSe Innovation, told ET. «Over the past 2-3 years, our local and regional business sector has experienced significant growth. Year-on-year, we've witnessed a 2x-3x increase in clients and a similar growth in average order value from repeat clients.

IAG installed an algorithm that deliberately inflated premium calculations for customers perceived as more likely to stay with the insurance giant, a new regulatory lawsuit alleges.

A man with close links to former Kidman Resources chief executive Martin Donohue has been charged with insider trading, with the corporate regulator alleging he had early knowledge of Wesfarmers’ $776 million plan to buy the lithium company in 2019.

OCCRP), a global network of investigative journalists, backed by billionaire investor George Soros among others, are in the final stages of releasing an investigative report on a wellknown Indian corporate group, news agency PTI reported on Thursday, citing sources aware of the matter. According to these sources, the objective of the forthcoming expose is said to be alleged instances of round tripping of funds from overseas jurisdictions into listed Indian companies controlled by the above-mentioned group.

mental health in a post-Covid world, mental health platforms are eyeing robust growth on the back of increased corporate tie-ups and government action in the form of policies to drive access and awareness. A host of companies like Amaha, Veda Rehabilitation and Wellness,1to1help.net, MindPeers, and Sukoon are eyeing rapid expansion on the back of a surge in partnerships with corporates, as well as increased awareness about the space. Organising corporate mental wellness retreats, deploying AI-powered tools, and closing international clients are also on their agenda. Earlier this month, Bollywood actor Suniel Shetty collaborated with Veda Rehabilitation and Wellness to launch a new mental health app called 'Lets Get Happi'. The app has been downloaded over 20,000 times so far, said Manun Thakur, founder. «We have been approached by over 23 corporates to work with them; most of them want a hybrid of offline (mini-centres at their office) as well as online support.

Airline supplier Spirit Aerosystems says it’s aware of a quality issue involving elongated fastener holes on the aft pressure bulkhead on certain models of the 737 fuselage it produces

Stocks that are trading heavily or have substantial price changes Thursday: Petco, Spirit AeroSystems fall; Nvidia, Guess rise

India, as current holder of G20 Presidency, is «well positioned» to help advance a global discussion on AI issues, Microsoft vice chair & president Brad Smith has said advocating broader legal and regulatory frameworks for AI, and safety brakes in AI systems controlling critical infrastructure. Smith, who is on a visit to India and scheduled to participate in the B20 Summit India starting Friday, penned a blog titled 'India's AI Opportunity' where he outlined five key recommendations in the Indian context.

If you own mutual fund units, you can take a loan against them instead of going for a personal loan. While one should go for any kind of loan only when it can’t be avoided, borrowing against mutual fund units would make more sense in case of any urgency because of lower interest rates compared to personal loans.

The most important quality for an investor is temperament, not intellect… You need a temperament that neither derives great pleasure from being with the crowd or against the crowd. – Warren Buffett

Indian Bank is likely to launch a second Swiss challenge auction for the distressed Dharani Sugars and Chemicals account after a change in the deal structure for transferring the loan account to the National Asset Reconstruction Company (NARCL). The change in the deal structure was necessitated after the government refused to recognise the proposal by the bad loan aggregator earlier because it had envisioned the creation of two trusts, one of which would exclusively deal with SBI's claims, two people aware of the developments said. The new proposed structure envisages the creation of a single trust which will house the security receipts (SRs) of the account. Unlike previously, SBI's priority charge on some recoveries from the accounts will now be adjusted from the overall recoveries from the SRs whenever they are redeemed, people familiar with the changes said. «SBI will not get a separate trust for the priority charge they hold but from whatever recoveries happen, SBI will get a higher share since the bank has special charge on some anticipated cash flows of the company,» said one of the persons aware of the process. Lead lender Indian Bank and NARCL did not reply to separate emails seeking comment till press time Wednesday. The second Swiss auction comes almost six months after NARCL gave a binding offer of ₹222.5 crore in early March.