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recovery. The Nifty IT index, which had declined by 14 percent between April 1, 2022, and August 31, 2023, has shown signs of improvement since September 1, 2023, with a 4.11 percent increase. One critical factor in this recovery is the reduction in attrition rates reported by IT companies during Q1FY24, signifying improved knowledge retention and cost savings from reduced employee turnover. Furthermore, major Indian IT firms have secured multi-billion dollar IT services deals in recent months, bolstering their revenue prospects for the remainder of the year. As we enter the second half of the year, several factors shed light on why the Indian IT sector is displaying signs of reversal and the potential beginning of a rally.

solid waste crisis in Bengaluru, the city's hotel industry has taken a significant step towards sustainability. The Bruhat Bengaluru Hotels Association (BBHA), comprising approximately 40,000 member-establishments, has called upon its affiliates, including hotels, darshinis, caterers, and flight catering services, to minimize the use of paper napkins and offer them to customers only upon request. Currently, an astonishing 10 tonnes of paper napkins are consumed daily by BBHA's member establishments, a figure that underscores the urgency of the issue.

₹78 lakh. This happened due to wild swing in the premium within few seconds just before the prices became normal. As per the information available on social media platform Channel X, a trader reportedly reportedly punched an order to buy Sensex call option at 67000, which was quoting at a premium of ₹4 to ₹5.

Apple has endorsed a California Senate bill that would require large companies to report the levels of greenhouse gases they emit every year, the senator proposing the measure said, making it the latest major company to do so. «Throughout our environmental journey, we've emphasized the importance of measurement and reporting to help us understand our impact,» said the letter, signed by Apple's director for state and local government affairs D. Michael Foulkes, a copy of which Senator Scott Wiener posted on Thursday to X, formerly known as Twitter.

Hilton hotel and the Chagos Islands have in common? They all feature on a long and increasingly bizarre list of stories behind the financial crisis sweeping Britain’s local authorities. While there’s been a steady dribble of so-called Section 114 notices from councils declaring effective bankruptcy in recent years, Birmingham City Council’s filing this week caused the most alarm. For Europe’s largest local authority, a legal battle over equal pay is proving a huge drain on resources. Its leaders conceded on Tuesday it faces “unprecedented financial challenges” with all new spending, except on core services, stopped in a bid to right the ship. Britain’s second city faces a bill as high as £760 million ($948 million) after a Supreme Court ruling from 2012 backed a group of largely female employees who missed out on bonuses that were given to staff in traditionally male-dominated roles at the council.

Today is the World EV Day. Electric vehicles (EVs) play a pivotal role in reducing carbon emissions and combating climate change.

While many investors initially focus on the idea of capital appreciation as the means to profit from their investment, companies think from a different perspective. To them, you are not just a shareholder but a partner in their success. And hence, they employ several methods to ensure your satisfaction as a shareholder — beyond mere price appreciation.

tomato farmers in the Rayalaseema region of Andhra Pradesh are facing severe economic challenges as tomato prices plummeted from a staggering Rs 200 per kilogram to a mere Rs 3 per kilogram in just a month. This shocking drop in tomato prices has left many farmers grappling with financial distress, prompting drastic measures. Over the past few days, numerous tomato farmers in Rayalaseema have resorted to dumping their harvests on the roads.

Deep tech represents a captivating fusion of cutting-edge science and revolutionary engineering. It encompasses a wide array of advanced technologies, such as artificial intelligence (AI), machine learning (ML), nanotechnologies, quantum computing, and more empowering organizations to address intricate problems, ignite innovation, and build commercially viable solutions — shaping a sustainable and intelligent tomorrow. Within the manufacturing domain, deep tech ecosystems are essential for keeping the engines running, bolstering shop floor operations, and seamlessly integrating back-end and front-end functions, positioning companies for unrivaled success.

90% chance of heavy rainfall predicted for September 10, the day the match is scheduled. The ACC stated that if rain interferes, the match will continue from where it left off on the reserve day. However, the decision to allocate a reserve day only for this particular match has raised eyebrows.

Joe Biden and his allies intend to unveil a proposal on Saturday that outlines a shipping route linking India to the Middle East and potentially extending to Europe. This development could have a significant impact on global trade and is set to be announced during the Group of 20 summit. As reported by AP, the suggested agreement for a shipping and railway transport corridor would encompass the United States, India, Saudi Arabia, the United Arab Emirates, the European Union, and additional G20 nations, as confirmed by Jon Finer, the deputy national security adviser to the president.

Taiwan will remain the world’s “indispensable and irreplaceable” source of the world’s most advanced microchips, the island’s US representative said, even as the Washington looks to ease its reliance on foreign partners for semiconductors.Hsiao Bi-Khim, the Taiwan government’s top emissary to the US, said Taiwan Semiconductor Manufacturing Co.’s move to build chip-making facilities in the US is an “important effort to further consolidate secure and stable supply chains.” At the same time, “we still see Taiwan as indispensable and irreplaceable,” Hsiao said in an interview on Bloomberg Television with Annmarie Hordern and Joe Mathieu. “It’s taken us decades to build the ecosystem that fosters the environment for very competitive production of semiconductor chips.” “As of now we don’t see anyone replacing that capacity that Taiwan has built over the years,” she said.TSMC, the world’s leading chipmaker, has committed to building a $12 billion facility in Arizona with the goal of making high-end semiconductors on American soil by late 2024.

heatwave was unprecedented and the most intense in the last 70 years, severely affecting millions of people in South Asia, according to new research from India. Such heatwaves are expected to increase in the near future, enhancing heat accumulation in the region and threatening food, water and energy security in the region, the study from institutes including IIT-Gandhinagar and IIT-Jodhpur, said. South Asia faced five continuous heatwave spells that lasted about 35 days during late February and April 2022, affecting a large part of the region. The heatwave lasted for a longer duration and had more spells than the historical heatwave events, compared to the historical heatwave events during 1950-2021, the study published in Environmental Research Letters said. Exceptional heating with more than 3.9 degrees Celsius rise in maximum temperature was experienced by majority region of South Asia, which includes countries such as Afghanistan, Pakistan, Bhutan, Nepal and Sri Lanka, along with India, the study found after analysing observational datasets from National Oceanic and Atmospheric Administration, US, and European Centre for Medium-Range Weather Forecasts Reanalysis version 5 (ERA5). The study projected an increase in frequency of mega heatwave, more severe than that of 2022, in a warming planet under all types of emissions scenario.

₹1.5 lakh crore) each, will be a long-term investment for Australia. These subs are not expected to be operational until past the midpoint of the century. Meanwhile, ‘Ghost Sharks’, which are expected to cost just above AUD$23 million (around ₹123 crore) each, are planned for delivery by mid-2025.

Payments space major Amazon Pay will double down on the use cases of Unified Payments Interface and and will soon introduce an option to link RuPay credit cards to Amazon Pay UPI, Whole-Time Director Vikas Bansal said. In a conversation with Piyush Shukla and Siddhant Mishra, Bansal says there is a lot of scope for buy now-pay later (BNPL) model for “serious” players in the space. Edited excerpts:

It is essential to know where your hard-earned money goes. Without knowing where you spend your money, it becomes difficult to manage your expenses. You will also not be able to reduce the cost where you are spending on non-essential things if you don’t keep a track of your spending habits. Fortunately, the digital age offers a plethora of tools that can help you take control of your finances like never before.

Lots of people are buying used cars these days and even financial experts suggest purchasing the used car owing to lesser entry cost and saving money if you are taking a loan for it. New cars are not just costly but overall expenses can be higher if you stretch your budget beyond your repayment capacity.

By Vivek Banka

Indians love buying property as it gives them a sense of financial safety and security. It is also an asset they can rely in their tough times. A house essentially is bought for self-use, but some buy multiple pieces of property for rental income as well.

Real estate, despite its inherent cumbersome nature, is one of the most popular investments in India. Since the basic investment for real estate is often high, the taxes associated with it also tend to be steep. However, smart planning can go a long way in bringing down the overall tax outgo on real estate to a bare minimum.

With global oil prices surging to $90 a barrel and expected to remain high and volatile in the future, their impact is bound to be serious for countries like India which imports 88% of its requirements. All of this is a recipe for costlier imports and build-up of inflation in the economy if global oil prices “pass-through” leads to higher domestic prices. If this indeed happens, this would straightaway translate into a 42 basis points increase in retail inflation that is currently ruling at 7.4%. But it is highly unlikely due to political compulsions to insulate the urban middle class from rising fuel prices ahead of forthcoming assembly and national elections. Recently, the government lowered the price of a gas cylinder by 18%.