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In the mid-late 90s, Indian Institute of Technology (IIT) Bombay started thinking about setting up a school to encourage entrepreneurship. An infotech incubator, KReSIT, was created and funded by eminent alumni Nandan Nilekani and Kanwal Rekhi. What was the culture of entrepreneurship in India at the time? Professor Deepak Phatak, professor emeritus at IIT Bombay, recently shared an interesting anecdote about his interaction with an entrepreneur looking for incubation at KReSIT.

₹41.65 on BSE. Nishant Pitti took to social media X to express his support for India, saying, “In solidarity with our nation, @EaseMyTrip has suspended all Maldives flight bookings." Pitti praised Lakshadweep's beaches and waterways, drawing comparisons to the Maldives and Seychelles, and promised exclusive deals to draw attention to the area. EaseMyTrip, an online provider of travel solutions, started the #ChaloLakshadweep campaign to visit Lakshadweep.

Buy or sell stocks for today: Despite cautious global market cues, the Indian stock market ended higher after trading range-bound throughout the day on Friday. Nifty 50 index added 52 points and closed at the 21,710 level, and BSE Sensex regained the 72,000 mark by adding 178 points in the last session of the week gone by.

buying a second house, and has been getting suggestions from friends and advisers. He is a senior management professional with a good salary, which includes a sizeable performance-linked variable pay. He has a portfolio of stocks, mutual funds, deposits and bonds, and is comfortably placed in terms of his financial goals.

The acronym ‘FANG’ refers to the stocks of four popular US tech giants— Meta Platforms (Facebook), Amazon, Netflix and Alphabet (Google). The FANG+ index is a broader set of stocks, including Apple, Nvidia, Tesla, Twitter, as well as Broadcom and Snowflake. US big tech stocks, in general, scored big last year, coming off a painful 2022, when these stocks bled amid elevated interest rates, fears of impending recession and earnings disappointments.

see similar prices to what was seen in 2023, with automotive experts saying not to expect the cost for a vehicle to return to pre-pandemic levels anytime soon.During the COVID-19 pandemic, inventory became a big factor due to supply chain issues impacting semiconductors and automotive computer chips, and with it came higher prices due to fewer new and used cars available for purchase.“So when there (are) fewer cars sold and new cars sold, obviously it has a direct impact on the used market,” Baris Akyurek, vice-president of insights and intelligence at Autotrader.ca, told Global News in an interview. “That’s why we have been seeing inflated prices.”As 2023 came to a close, however, Akyurek said it has been a “pretty positive” year in terms of availability.According to Auto Trader’s 2023 trends report released in September, the new car supply had increased from the month prior, with the organization predicting modest increases to inventory in the coming years.

By Joseph Ax and Brendan O'Brien

NEW DELHI : The interim budget on 1 February is likely to increase the tax rebate under the new personal income tax regime, two people close to the discussions said, giving relief for the middle class ahead of the approaching general elections. The plan is to raise the tax rebate, which is now available for income up to ₹7 lakh, to about ₹7.5 lakh under the new regime, the people said on the condition of anonymity. Tax rebate eligibility is calculated on the net income after taking into account standard deduction of ₹50,000.

Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.

e-invoice with e-way bill, applicable from March 1 for certain types of transactions, may cause disruption in operation and has created confusion among tax planners who are seeking clarification from the authorities, experts said on Sunday. The move was initiated after the mismatch in e-way bills and e-invoice statements was noticed in several cases, they said.

Pyongyang of firing artillery shells near their sea boundary for a third straight day amid a provocative statement from Kim Yo Jong, the sister and key ally of North Korea’s supreme leader Kim Jong Un, threatening to launch a military strike immediately in response to any provocation. The influential sister of the North Korean leader even mocked Seoul's ability to detect its weapons launches.Also Read | Bangladesh polls: What does re-election of Sheikh Hasina mean for India? Strongly urging North Korea to halt provocative acts or face an overwhelming, stern response, South Korea’s Joint Chiefs of Staff said Pyongyang fired more than 90 rounds near the disputed western sea boundary on Sunday afternoon.

gold in 2024, spotting trends and outlook for gold and silver prices will carry significant weight. One such opportunity has come in the form of recent corrections in bullion.

Income tax 2024 proof submission: The income tax proof submission's last date for FY 2023-24 is generally 31st March. However, there is no strict deadline and it varies from employer to employer. Generally, your employer may ask you to declare investment proofs from January onwards till March. 

As the deadline for the Securities and Exchange Commission (SEC) to make a decision on the applications for Bitcoin exchange-traded funds (ETFs) draws near on January 10, 2024, the cryptocurrency and financial worlds are seeing a moment that has the potential to be historic. There has been a great deal of conjecture and debate among investors, legal experts, and industry watchers as a result of this decision, which is very important for the future of cryptocurrency trading in mainstream markets.

market valuation of six of the top-10 most valued firms declined Rs 57,408.22 crore last week, with Tata Consultancy Services (TCS) and HDFC Bank taking the biggest hit, in-line with muted trends in equities. Last week, the BSE benchmark declined 214.11 points, or 0.29 per cent, even after hitting an all-time high of 72,561.91 on January 1. The market valuation of TCS fell by Rs 20,929.77 crore to Rs 13,67,661.93 crore, the most among the top-10 firms.

Bengaluru, there's a discussion about extending the Namma Metro rail network to suburban areas, and not everyone is excited about it. Many people are asking, «Why go outside the city when the main parts are still not connected?» The deputy chief minister, DK Shivakumar, recently talked to Union Finance Minister Nirmala Sitharaman to get permission for this extension. The plan is to reach places like Bidadi, Hoskote, Harohalli, and Nelamangala. However, some are not happy with this idea.

However, on a weekly basis, Nifty50 closed flat with a negative bias for the week ending January 5, 2024. Sectorally, buying was seen in IT, capital goods, telecom, and realty, while selling was seen in healthcare, consumer durables, metal, and utilities. Stocks that were in focus include names like Alok Industries which was up nearly 20%, Sun Pharma, which rose more than 9% to hit a fresh high, and Endurance Technologies, which closed with gains of nearly 10% to hit a fresh all-time high on Friday. We have collated a list of three stocks that either hit a fresh 52-week highs, or an all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Virat Jagad, Technical Analyst at Bonanza Portfolio Alok Industries A breakout of the rounding bottom has been witnessed in Alok Industries on a weekly time frame, indicating a bullish trend in the security. The price is trading at the top, forming a Bullish Marubozu candlestick formation as a sign of strength in the stock. The security has been supported by the 21-day EMA, and the price is trading above the Fast 50 and Slow 200 EMAs, indicating a positive trend. The volume increase on the day of the breakout indicates that buyers are active in the market. In the momentum area, RSI is trading in a wider range, indicating that it's an upward trend.

MBA degree — regarded by many as a ticket to the corporate corridors — may just be losing its premium value in the job market. Average monthly active job openings with MBA as minimum qualification at entry and mid-junior (0-6 years' experience) levels dropped by 55% in 2023 versus a year ago, according to data from LinkedIn and other popular job boards put together for ET by Xpheno. This compares with a 25% decline in the overall white-collar job market in 2023.

unlisted companies to go public, Motilal Oswal Financial Services' Chairman Raamdeo Agrawal said on Saturday in the backdrop of a record 42 lakh demat accounts opening in December, which he termed as the biggest economic event that has happened in India after 1992. Agrawal said that well-managed large unlisted companies would want to make their company live beyond themselves and it is only possible by listing the company and separating the management from the ownership and management of the company. Agrawal was speaking at BCAS’ ReImagine 2024 event organised by Bombay Chartered Accountants Society (BCAS) which is celebrating its Platinum Jubilee.

ALSO READ: India vs Afghanistan T20 series: Complete schedule, how to watch and more According to an Indian Express report, the selectors were scheduled to meet on Friday and pick the squad for the three T20Is against Afghanistan and the first two Tests of the five-match series against England, which begins from January 25 onwards. However, the announcement was not made on Friday. Amid the T20 World Cup announcement by ICC on 5 January, it is uncertain whether the two stalwarts – Rohit Sharma and Virat Kohli – will return to format after 13 months.

election is going to be held on January 7. "The polling will commence at 8 am and that will continue without any interruption till 4 pm. After the voting, the ballot boxes will be opened and the results at the centres will be announced," he added.