Booking Financial News
27.11 / 14:05
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Cognitive scientist Gary Marcus says AI must be regulated. He has a plan.
Subscribe to enjoy similar stories. Cognitive scientist, author and entrepreneur Gary Marcus was an early and vocal critic of large language models, arguing their limitations were far greater than many people thought. Lately, he has been making the case that LLMs are far riskier, too—and must be regulated.
27.11 / 11:57
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International
Loan book of Axis Bank's IFSC unit at GIFT City doubles to USD 4 bn in 5 years
Axis Bank on Wednesday said the asset book of its IFSC Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar has doubled to USD 4 billion from USD 2 billion in 2019. The bank unveiled a spacious IBU office at GIFT City here that spans nearly 8,000 square feet and is nearly three times bigger than the previous facility located here. «In terms of size, today our asset book here is a little over USD 4 billion, which is among the largest in GIFT City. Similarly, on the liability side, we have a USD 1 billion deposit, which once again makes us among the highest in terms of deposits as well...from USD 2 billion in 2019, we have doubled our asset book,» its Deputy Managing Director Rajiv Anand told mediapersons. «The office is an expression of our ambition aligned with the ambition for GIFT City to serve our customers. We continue to show very solid growth on multiple fronts,» said Axis Bank's President and Head of Wholesale Banking Products Vivek Gupta.
27.11 / 08:55
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NTPC Green Energy's m-cap crosses Rs 1 lakh crore mark on debut, stock jumps 10% post listing
NTPC Green Energy's market capitalisation breached the Rs 1 lakh crore mark on Wednesday as the stock shot up 10% following a lacklustre listing. NTPC's renewable energy arm was listed at Rs 111.50 on the NSE, a 3.2% premium over the issue price of Rs 108. The stock generated considerable interest on its opening day with over 26 crore shares changing hands around 1:15 pm.
27.11 / 05:31
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M&M top auto pick; stack up in capital goods stocks: Amnish Aggarwal
Amnish Aggarwal, Head of Research, Prabhudas Lilladher, says capital goods is perhaps the best performing sector in terms of numbers, because the profit growth of all the capital goods companies and even the order books have been looking quite decent. In the capital goods space, play the entire automation and electrification theme this year. Companies like Siemens, ABB, and to some extent even GE T&D, Schneider stack up there. Among these ABB and Siemens seem to be the largest and very formidable players. The markets may have taken a bit of a breather yesterday after two days of a stupendous rally. The IT sector definitely stood out, hitting record highs. How much further can this rally sustain within IT? Amnish Aggarwal: As far as the IT sector is concerned, there are two things. First of all, with the US elections getting over, now people are getting more comfortable that the IT spending will likely start and they will get more clarity. Secondly, the kind of fear people had earlier that once the Trump administration comes, there would be much more embargo on H-1B visa and I think that, that is not going to be there. So, there are pockets within IT where there will be stress in some European markets and ER&D is not doing well across segments.
27.11 / 02:55
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Coping with the void that follows success
Subscribe to enjoy similar stories. A40-year-old client recently said: “For the last three years I worked hard to launch this creative enterprise and now when it’s finally out there, I feel empty. While everyone around me is full of joy, I feel the opposite.
26.11 / 17:27
26.11 / 10:39
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A cookbook from Jahangir’s royal kitchen
Subscribe to enjoy similar stories. In 2002, eminent Persian scholar Salma Yusuf Husain was going through a catalogue of books from the Mughal period at the National Archives of India in New Delhi. She was working there, and had earned herself a name for translating rare Persian texts into English.
26.11 / 10:07
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PAM
country
rights
PM Modi, RSS strengthening wall in path of SCs, STs, OBCs: Rahul Gandhi
«If PM Modi would have read this book then what he does daily, he would not do it,» Gandhi said, displaying a copy of the Constitution of India. Gandhi said the country's whole system is pitted against Dalits, Adivasis and backward class people.
26.11 / 08:39
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Are Indian apps manipulating you? Unveiling the dark patterns of online shopping
Subscribe to enjoy similar stories. Raise your hand if you have encountered a dialog box on an app or a website where “Yes" is brighter and more visible than a “No", or the site you are buying from has sneakily added a new service or an item while charging you more money. These traits, called deceptive patterns, are design decisions made by companies to subconsciously coerce users into making a decision, making a purchase, or ticking a box.
26.11 / 05:17
UPS
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LTIMindtree shares 1.14% as Sensex falls
LTIMindtree Ltd. 1.14 per cent to Rs 6185.35 in Tuesday's session as of 10:24AM (IST) even as the equity benchmark Sensex traded 188.23 points at 79921.62. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 6575.00 and a 52-week low of Rs 4518.35 on NSE. Around 2567 shares changed hands on the counter till 10:24AM (IST).
26.11 / 04:49
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Tube Investments shares 2.14 per cent in Tuesday's trading session
Tube Investments of India Ltd. 2.14 per cent to Rs 3472.40 in Tuesday's trade as of 10:05AM (IST) even as the benchmark Nifty ruled at 24243.3, 21.4 points. The scrip had closed at Rs 3399.50 in the previous session. The stock quoted a 52-week low of Rs 3258.95 and a high of Rs 4807.05. The company quoted a market-cap of Rs 67552.65 crore on the BSE.
26.11 / 04:49
Booking
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Celebrity
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Let us pledge to build strong India on Constitution Day: Amit Shah
Amit Shah on Tuesday greeted people on Constitution Day and said the strength of democracy in a huge country like India is its Constitution, which gives the mantra of national unity and integrity. The Constituent Assembly adopted the Constitution at the Central Hall of Parliament on November 26, 1949. The Constitution came into force on January 26, 1950. Conveying heartiest greetings to the people on 'Constitution Day', the home minister said India is celebrating the 75th anniversary of the Constitution with great enthusiasm and to commemorate the contribution of the architects of the Constitution. «The strength of democracy of a huge country like India is our Constitution, which gives the mantra of national unity and integrity by ensuring justice and equal rights to every person,» he wrote on 'X' in Hindi with the hashtag #75YearsOfConstitution.
25.11 / 14:51
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Manulife's Gori seized retirement before anyone asked him to go
Manulife Financial Corp.’s chief executive Roy Gori, who surprised some investors with an earlier-than-expected retirement announcement this week, says he never wanted to stay in the job so long that people started wondering why he just wouldn’t leave.
25.11 / 09:59
COST
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Irish Residential Properties REIT sells 62 units amid further plans to boost income and cut costs
In a stock exchange notice today (22 November), the board said they have now completed the disposal of 20 assets in a bulk sale, in line with the book value as of 30 June, while an additional 17 units were sold to individual purchasers at sales premiums of around 25%. The move comes as part of a previously announced 315-unit programme, with CEO of I-RES Eddie Byrne saying the vehicle will continue to consider «all opportunities to enhance shareholder value». «The execution of our recycling programme is ahead of our expected timeframe and will further strengthen our financial position,...
25.11 / 04:21
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IPO
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Enviro Infra Engineers IPO DAY 2 Live Updates: Issue booked 2.08x so far. Check GMP, subscription status, reviews, more
₹195 crore from anchor investors. The company's initial public offering (IPO) is valued at ₹650 crore, with shares priced between ₹140 and ₹148 each.
25.11 / 03:53
UPS
Booking
Food
wellness
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patient
The delicious and global influence of the Jesuits
Society of Jesus, or Jesuits, wanted to use this hot new technology — just over a century old — to spread Christianity in the East. This press was meant for Abyssinia (Ethiopia), but the winds took it round Africa and up to India, where it docked in Goa. It was getting ready to sail again, when it was learned that the Abyssinian emperor no longer wanted it. Francis Xavier, one of the Jesuits’s founders, had established a strong presence in Goa. So, when this news came, the Jesuits quickly set up the press. Printing using carved surfaces may have existed in India before this, but this press produced the first Indian books using movable type. This was in Roman script, but attempts were made to cast types in Indian scripts, first Tamil and then Devanagari. The earliest texts were religious, but in 1563, the press printed a book whose title translates as Colloquies on the Simples and Drugs of India (1563). Written by physician and naturalist Garcia da Orta in the form of dialogues with a fictional friend named Ruano, it describes the useful plants of India. Through the conversations, which include visits to patients, a fascinating picture emerges of the trading world of India and the Arabian Sea.
25.11 / 00:35
UPS
Target
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Enterprise
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performer
Froth clears from Bharat Forge’s valuation, but it lags on a crucial metric
Subscribe to enjoy similar stories. The euphoria in Bharat Forge Ltd has subsided. After hitting an all-time high of ₹1,804 on 21 June, which was in tandem with the excitement in all defence sector stocks, the stock has corrected to ₹1,316.
24.11 / 19:43
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Booking
Entertainment
security
awards
film
Experts
Abundantia Entertainment scouts for strategic partner to raise Rs 200 to Rs 250 crore
Abundantia Entertainment, the studio behind films like Baby, Airlift, and Toilet-Ek Prem Katha, is reportedly looking to raise '200-'250 crore to fuel its ambitious content creation plans over the next two years, according to sources familiar with the matter. Led by Vikram Malhotra, former COO of Viacom18 Motion Pictures, the studio is actively engaged in discussions with a prominent strategic partner from the West. Sources also highlighted significant domestic interest, with two investment banks managing the process. «Given the level we have achieved and the robust slate and order book we possess, we have initiated the process for our next strategic capital raise,» Malhotra told ET in response to queries, without providing further details.
24.11 / 15:17
markets
Digital
Booking
Aware
Death
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social
Why age-reversing millionaire Bryan Johnson mentioned Poonam Pandey in his post ahead of his India trip
Bryan Johnson has stated he will be visiting Mumbai and Bengaluru in December in a bid to spread awareness about his book and community, «Don't Die,» aimed at defeating mortality and promoting prosperity. The millionaire made this announcement on social media platform X, formerly known as Twitter. What surprised people that the tech entrepreneur mentioned model and reality TV star Poonam Pandey in his post and also tagged her. Bryan Johnson stated that she is the only one in India who truly believes in his idea. ALSO READ: Tech millionaire Bryan Johnson's face ‘blows up’ after anti-ageing experiment goes horribly wrong. See pics
24.11 / 15:17
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community
Healthcare
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Universities
Universal Health Coverage: Community health workers ‘the missing link’ say experts
non-communicable diseases such as diabetes, hypertension, thyroid, Parkinson’s and Alzheimer's remain a growing challenge due to reliance on expensive, reactive care, healthcare experts suggest building a community healthcare system and ‘operating at scale’ in rural and urban areas to help India pave the way to Universal Health Coverage (UHC). Swami Subramaniam, Physician Scientist, and Aparajithan Srivathsan, hospital strategist, spoke to ET on the sidelines of a discussion of their new book in which the duo has proposed seven principles to make UHC a reality in the country. Underlining some of the challenges in the current system, the book highlighted that “Primary healthcare in its current form is in its death throes. For its revival, it should be transformed into a new version called Comprehensive Health Care.” To strengthen the community healthcare system, India needs to think beyond traditional methods and “apply industrial concepts,” Srivathsan said, while adding, “Currently, ASHA workers, though involved in project-based interventions, are not equipped for continuous monitoring, as non-communicable diseases require long-term, consistent care. Therefore, a dedicated cadre of trained health workers is essential, and NGOs are stepping in to fill this gap."
24.11 / 15:17
markets
Digital
Booking
Assurant
President
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Schools
Over six lakh devotees visit Sabarimala in nine days; revenue touches Rs 41 crore
Travancore Devaswom Board (TDB) announced on Sunday that over six lakh devotees have visited the Sabarimala Lord Ayyappa temple, within the first nine days of the Mandalam-Makaravilakku pilgrimage season. TDB President P S Prasanth said the temple, which opened on November 16 (Vrishchikam 1), witnessed 6,12,290 pilgrims during this period. This marks a significant increase compared to the 3,03,501 devotees who visited during the same timeframe last year. The revenue collected during this period has also risen significantly to Rs 41.64 crore, reflecting an increase of Rs 13.33 crore compared to the previous season. Addressing the media at Sannidhanam, Prasanth attributed the rise to «effective management and improved facilities for devotees.» To facilitate a smooth darshan experience, three spot online booking centers have been established at Vandiperiyar Sathram, Erumeli, and Pamba. Elaborate arrangements have been made at the Manappuram online booking center in Pamba to handle the growing influx of devotees, said Prasanth.
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