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steel imports continue to surge, Tata Steel CEO T V Narendran has said there is a need to be watchful about the situation. The comment comes at a time when India has reported a 38 per cent surge in steel imports to 8.319 million tonnes, becoming a net importer of the commodity during the 2023-24 financial year. Speaking to PTI, the industry executive said, «It would be a pity if the situation continues in the long run. We have to be watchful about imports.» As long as it is unfair imports, the government needs to deal with it, Narendran said without elaborating further.

It has become clear over the last year that Silicon Valley companies, which could keep Wall Street happy with enormous growth alone, finally had to embrace the real world. This meant layoffs, cost savings and doubling down on profit. It also meant trimming wild moonshot ideas that sounded cool but burnt cash.

Tesla CEO Elon Musk landed in Beijing on Sunday, a flight tracking app showed, as two people with knowledge of the matter said the billionaire was kicking off a surprise visit to the automaker's second-biggest market. Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving (FSD) software in China and to obtain approval to transfer data collected in the country abroad to train algorithms for its autonomous driving technologies, one of the people said. Tesla has since 2021 stored all data collected by its Chinese fleet in Shanghai as required by Chinese regulators and has not transferred any back to the United States.

Sundaram Alternates, mentions that India is moving in the direction of North American markets where alternate credit is 75-80% of all risk financing versus exactly the opposite in India. “Proof of the pudding as far as private credit is that the AIF Cat II industry has grown from zero in 2013-14 to ₹6 lakh crores today! The AIF industry as a whole is approx.

Make in India’ initiative, these ATMs offer flexibility and efficiency to banks. Hitachi Payment Services claims that this is the first upgradable ATM in India.

Indian IT seemed elusive. And the start to FY25 hasn’t deviated much from the script, barring only pockets of resilience demonstrated by some of the biggest players, including Tata Consultancy Services (TCS). Mat ters have been fu r t her complicated as the onslaught of generative artificial intelligence (gen AI) further clouds the revenue picture for an industry initially modelled after cost arbitrage in solutions delivery.

Verasity , an ad-tech company and issuer of the $VRA token, has announced a new partnership with Creo Engine , a rapidly expanding web3 gaming platform, to integrate VeraViews ’ video player functionality and in-game rewards into Creo Play’s extensive gaming library. In the words of Verasity CEO RJ Mark, this marks “the first of many web3 gaming partnerships that will advance adoption of the VeraViews video player in the blockchain space.”

Check UP Board 10th, 12th Result 2024 Highlights here The ad by the Bombay Shaving Company read, "Dear Prachi, They are trolling your hair today, they'll applaud your A.I.R tomorrow." Below, in right-hand-side corner of the ad, it read: "We hope you never get bullied into using our razor." It was the last line that drew criticism on social media on Saturday. Some users also wondered if Prachi Nigam could sue the company for using her name without her consent. The Founder CEO at Bombay Shaving Company, Bombae, Shantanu Deshpande, took to LinkedIn for share the ad and said, "It was shocking to see the amount of hate targeted at a teenage girl who had TOPPED AN EXAM because of her facial hair." "Our simple message to this amazing young woman with such a bright future.

RBL Bank reported a 30 percent growth ( year-on-year) to Rs 353 crore for the quarter ended March 24 on higher loan growth and containing bad loans. For the full financial year 2023-24, net profit rose 32 percent to Rs 1168 crore. The bank's board proposed a dividend of Rs l.50/- per share for the financial year 2023-24 subject to all shareholders' approval. " Growth in assets and liabilities, cross selling and our ( success) in maintaining asset quality contributed to the growth in profits" said Mr. R Subramania kumar, MD & CEO, RBL Bank.

West Bengal Chief Minister Mamata Banerjee encountered a minor injury while boarding her helicopter on Saturday in Durgapur. This incident occurred as she was enroute to a public rally in Asansol. Banerjee proceeded with her scheduled activities after receiving first aid.

Yes Bank Q4 Results: Indian Private lender YES Bank posted a significant increase in net profit by 123 per cent on April 27, as opposed to analysts' expectations for the fourth quarter (Q4) of FY24. The bank's net profit surged 123.2 per cent year-on-year (Y-o-Y) to ₹452 crore, compared to ₹202.4 crore in Q4FY23. This growth momentum continued from the previous quarter, with a 95.2 per cent increase sequentially (Q-o-Q). The bank saw a robust growth in non-interest income across various fee streams, with a 56.3 per cent Y-o-Y and 31.3 per cent Q-o-Q increase in Q4FY24.

artificial intelligence on critical infrastructure. The board will develop recommendations for the transportation sector, pipeline and power grid operators, internet service providers and others to «prevent and prepare for AI-related disruptions to critical services that impact national or economic security, public health, or safety.»

«IT is weak. Banking, you are seeing a bit muted, not so much because of growth or asset quality, but because margins are under some level of pressure,» says Ashi Anand, Founder & CEO, IME Capital. The kind of earnings that we have seen here, globally also there is so much of focus on earnings right now, but then what should one expect? There was one view, one part of the argument was that a heavy earnings or the earnings which could put up a decimal picture like Reliance or maybe IT, those earnings have already gone by now. Look what it looks like now. Can we say the numbers which are yet to report now, the companies which are yet to report numbers now, the growth could moderate here, understanding that the major benefit of the commodity prices environment is largely captured?

Trinamool Congress has lodged a complaint with the Chief Electoral Officer (CEO) of West Bengal stating that the CBI had «deliberately carried out an unscrupulous» raid at an «empty location» at Sandeshkhali during the second phase of polling in the state. The TMC said that while elections were going on at Darjeeling, Raiganj and Balurghat Lok Sabha constituencies on Friday, the central agency carried out an «unscrupulous» raid at an empty location at Sandeshkhali. The CBI on Friday seized arms and ammunition, including a police service revolver and foreign-made firearms, during searches at two premises of an associate of now-suspended TMC leader Shajahan Sheikh in West Bengal's Sandeshkhali. The searches were conducted in connection with the January attack on an Enforcement Directorate (ED) team by a mob that was allegedly instigated by Sheikh, who was arrested by the West Bengal Police on February 29 in the case.

Mahindra Lifespace Developers Ltd has reported a marginal decline in consolidated net profit to Rs 97.89 crore during the last fiscal year on lower income. Its net profit stood at Rs 101.43 crore in the preceding year. According to a regulatory filing on Friday, the company's total income fell to Rs 279.12 crore last fiscal from Rs 659.56 crore in 2022-23.

Google in 2004 as a product manager. In the years that followed, the Indian-born executive was involved in a number of key projects for the company, including the development of Google Chrome, Android, Google+, Maps, Search and Ads.

MyVest is making it easier for wealth firms to take tax into account as they transition their clients’ portfolios.

In this edition of InvestmentNewsTV, we sat down with Tom Ruggie, CEO and portfolio manager of Destiny Wealth Partners. Ruggie shared insight into how Destiny Wealth Partners became one of the fastest-growing fee-only Registered Investment Advisers (RIAs) of 2023, and how the firm reached the milestone of managing $1 billion in assets. 

$15 toll most drivers will be charged to enter Manhattan's central business district will be June 30, transit officials said Friday. Under the so-called congestion pricing plan, the $15 fee will apply to most drivers who enter Manhattan south of 60th Street during daytime hours. Tolls will be higher for larger vehicles and lower for nighttime entries into the city as well as for motorcycles.

BEIJING — Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly branded cars this year.

BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline