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“As per our estimates, the 1,700 centres in total have grown in size by 25%, meaning they are individually expanding while new ones are also being added. That is why you’re seeing so much activity and hiring,” said Nambiar. Formerly the CMD of Cognizant India, he took over as Nasscom’s president in November. Nambiar emphasised that the growth of GCCs doesn’t signify a loss for the IT sector. Instead, both sectors are closely intertwined, creating a win-win situation for India. To further accelerate the growth of the sector—which has hired more people than IT services firms—Nasscom is working with various government arms to address key concerns facing GCCs, such as safe harbor provisions and advance pricing agreements. He added that the era of requesting tax incentives or sops is over; the focus now is on resolving these structural concerns.

unregulated lending and slap a fine of ₹1 crore on offenders along with imprisonment of 10 years. The move follows action against several digital loan apps for unregulated lending over the past two years and complaints about their unfair lending and predatory recovery practices. A draft bill — Banning of Unregulated Lending Activities (Draft) Bill — was put out by the finance ministry for comments, which can be submitted till February 2025.

Carraro India Ltd, the manufacturer of transmission systems for off-highway vehicles and other agricultural and construction equipment, on Thursday said it has garnered Rs 375 crore from anchor investors, ahead of its IPO opening for subscription. Aditya Birla Sun Life Mutual Fund (MF), HSBC MF, UTI MF, Sundaram MF, Motilal Oswal MF, Kotak Mahindra Life Insurance Company, Bajaj Allianz Life Insurance Company, Tata AIA Life Insurance Company and SBI General Insurance Company are among anchor investors, according to a circular uploaded on BSE's website. According to the circular, Carraro India has allotted 53.27 lakh equity shares to 33 funds at Rs 704 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 375 crore.

Earlier, Netflix announced that the fifth and final season of 'Stranger Things' will arrive on the streaming giant in 2025. However, the exact release date is yet to be announced by Netflix. The episode titles are «The Crawl,» «The Vanishing of...,» «The Turnbow Trap,» «Sorcerer,» «Shock Jock,» «Escape From Camazotz,» «The Bridge,» and «The Rightside Up.»

According to Fortune, since his relocation from Washington to Indian Creek which is located in Florida, Jeff Bezos has sold approximately $13.6 billion worth of Amazon stock. The lack of a state income tax and capital gains tax in the state of Florida actually makes it a favorable environment for billionaires like Jeff Bezos specifically compared to Washington which has enacted a 7% capital gains tax on profits exceeding $250,000. The decision of Jeff Bezos to move to Florida was actually motivated by personal and professional reasons while including proximity to his parents and his aerospace company named Blue Origin, asserted Fortune. If Jeff Bezos had remained in the state of Washington during his stock sales then he would have faced a substantial capital gains tax bill of nearly $954 million.

Imagine it: You buy a house, and the bank offers you a single rate of interest that will keep your mortgage payments steady for the next 30 years.

immigration officials stopped her from boarding a flight to Toronto. The arrest followed the discovery of irregularities in her passport, which had been tampered with to hide certain details about her travel. Satveer Kaur, a resident of Punjab, was set to travel to Toronto to join a new job after completing her higher studies in Canada. However, when officials examined her passport, they found that the arrival date of September 28 had been deleted. The police later revealed that Kaur had removed this date to prevent her parents from knowing when she had returned to India. According to a police official, «She said that her parents were unaware about her arrival on Sept 28. She did not want her parents to know about it as she had gone to meet her friend.»

Tata Consumer Products Ltd (TCPL) on Thursday denied reports on the exit of cafe chain Starbucks from the Indian market, terming them as «baseless». Tata in a 50:50 joint venture with US-based Starbucks Corporation operates a cafe chain in India under the brand name of Starbucks, which is the leading cafe chain in India. Starbucks had 457 stores across 70 cities at September-end and the company aims to take it to 1,000 by FY28. The company's revenue from operations was up 12 per cent to Rs 1,218.06 crore in FY24.

Flying Naked is changing the game for budget-conscious flyers. This minimalist approach to air travel is gaining traction among frequent travellers looking to save both time and money. Despite its quirky name, Flying Naked does not involve shedding clothes but rather traveling without traditional luggage, as mentioned in the report by Output Traveller.

The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before

Bharti Airtel has prepaid Rs 3,626 crore to the Department of Telecommunications (DoT), clearing all liabilities relating to airwaves bought in the 2016 auction. This will help India’s second-largest telco save on interest costs annually and boost cash flows as it rapidly expands its countrywide 5G network and ramps up 4G rural coverage. “With this, Airtel has cleared all liabilities for spectrum it had acquired in 2016 and prepaid all its spectrum dues that had interest costs higher than 8.65%,” the Sunil Mittal-led telco said in a statement Thursday. The company added that following the latest payment, it has prepaid Rs 28,320 crore of spectrum dues in calendar 2024.

NTPC has plans to set up a nuclear project in Bihar, a move which will increase its non fossil energy portfolio, the company's Chairman and Managing Director (CMD) Gurdeep Singh said on Thursday. NTPC has also requested the state government for a land parcel at a suitable location to take forward its nuclear plans, he said addressing a session at the 'Bihar Business Connect 2024' summit here. «Looking at the future of the energy sector, nuclear (energy) is expected to become extremely important for the energy sector, 20-30 years down the line. I want to share that NTPC is now entering the nuclear energy space,» Singh said. Without sharing any further details, he said NTPC will conduct a study before taking ahead the plans to set up the nuclear project in the state.

Shares of the company rose 5% in premarket trading.

Lieutenant Governor Manoj Sinha and top officers of the Army, paramilitary forces, J&K administration, intelligence agencies and the Ministry of Home Affairs (MHA) attended the meeting. This was Shah's first meeting to review the security situation in the Union territory after the recent assembly elections that brought to power a National Conference government headed by Chief Minister Omar Abdullah. After the abrogation of Article 370 and the bifurcation of the erstwhile state into two UTs in 2019, law and order in Jammu and Kashmir comes under the central government.

Nifty is expected to trade in the range of 25,000-28,000 in 2025 with green energy, IT and banking remaining prominent investment themes, a smallcase survey said. In the smallcase survey, comprising 150 fund managers, 50% suggested Nifty to be in the 3,000-point range.

Subscribe to enjoy similar stories. When businessman Mukesh Garg’s two insurance claims were rejected, he represented himself before the insurance ombudsman, a statutory body that helps in out-of-court settlement of insurance cases, but sought help from a third party for the required paperwork. This, however, was a mistake.

IPO). The IPO comprises a fresh issue of 1.04 crore equity shares, and an offer for sale (OFS) of 56.38 lakh shares by promoters, the DRHP filing showed.

Avian influenza, commonly called "bird flu", is a viral infection that spreads in birds, cows and other animals. Avian influenza, commonly called «bird flu», is a viral infection that spreads in birds, cows and other animals. Although there has been no evidence of human-to-human transmission, the virus's ability to spread through wild species and jump to domestic ones highlights the risk of human infection potentially occurring due to new mutations and recombinations among variants. ALSO READ:Viral Video: Jeff Bezos, his fiancée seen going to Mar-a-Lago to meet Trump, 'interesting', say netizens

Apple Inc. is close to getting Indonesia to lift its ban on iPhone 16 sales, after President Prabowo Subianto gave his approval for the government to accept a $1 billion investment from the US tech giant, according to people familiar with the matter. Indonesia warmed to Apple’s proposal after Prabowo was briefed on it over the weekend at a meeting that discussed the tug-of-war between the government and Apple, the people said, asking not to be identified discussing talks that were private. The country prohibited the sale of Apple’s flagship device last month, saying Apple had failed to comply with domestic content requirements for smartphones and tablets. At the meeting, Prabowo greenlit the government to accept Apple’s proposal and urged his cabinet to obtain more investments in future, the people said.

Athos Salome, a 36-year-old Brazilian parapsychologist widely known as the “Living Nostradamus,” has gained attention for his unsettling predictions about future global crises. In a recent interview with The Daily Star, Salome issued a dire warning about an impending World War III, one that he claims will be fought not on traditional battlefields but through technology and global systems collapse. Salome, who previously predicted major events like the COVID-19 pandemic, Elon Musk’s acquisition of Twitter (now rebranded as X), and the passing of Queen Elizabeth II, believes humanity is on the verge of a pivotal shift in modern warfare. He predicts that by the end of 2024, signs of this unconventional conflict will emerge, marked by a “technological war.” “This is not just a war of men but of machines,” Salome told The Daily Star. His forecast highlights the increasing reliance on advanced technologies in conflicts and suggests a significant transformation in how nations confront each other during times of war.