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India is a friend of the world and the global community expects it to contribute significantly in bringing peace to war-torn Ukraine, Swiss State Secretary of Foreign Affairs Alexandre Fasel said on Friday as Switzerland prepares to host a major summit next month to end the conflict in Ukraine. Fasel held wide-ranging talks with his Indian interlocutors and extended an invitation to the Indian prime minister for participating at the summit that is aimed at charting a course for a just and lasting peace in Ukraine. Switzerland has extended invitations to over 160 countries for the summit to be held on June 15 and 16. «India is a friend of the world. There is really an expectation from the international community that India can contribute to this (peace) process,» Fasel told PTI in an interview.

DXC Technology slumped 18% on Friday, after the IT services provider unveiled a new revamp and forecast fiscal 2025 revenue and profit below estimates. The latest attempt comes as a sale bid failed last year and exits of top executives and a slowdown due to high interest rates hampered efforts to pivot away from its declining legacy business of IT outsourcing services to cloud-based solutions.

JSW Steel has guided for further growth in its sales volume in the current fiscal after its consolidated steel sales were at an all-time high of 24.78 million tonne in 2023-24 (Apr-Mar), up 11% as compared to the previous year. The country’s largest steel-maker has guided for consolidated steel production of 28.40 million tonne, and saleable steel sales of 27 million tonne this year. “Rising utilisation levels and healthy balance sheets are expected to boost private capex, with investments in energy transition and the government’s Production-Linked Incentive scheme adding tailwinds,” the company said in its outlook. “The outlook for both public and private housing, as well as the auto sector, remains favourable”.

education through a robust credit framework that will allow portability to millions of youth while making skills aspirational, skills development secretary Atul Kumar Tiwari said on Friday. Addressing a session at the Confederation of Indian Industry’s Annual Business Summit 2024, Tiwari said the idea is to bring skilling and education on a common platform so that they can be threaded together, they can be seen together and they can be made portable. “It also gives a certain aspiration value to skilling besides allowing multiple entry and exits between education, skilling and employment through credits which help individuals scale up in their careers,” Tiwari said.

white marble structure in Agra, Soami Bagh, is captivating spiritually inclined tourists, drawing comparisons to the iconic Taj Mahal. The mausoleum, dedicated to the founder of the Radha Soami faith, Param Purush Pooran Dhani Swamiji Maharaj, stands as a symbol of unwavering faith and dedication, taking 104 years to complete. A Worthy Rival to the Taj Mahal Located about 12 km away from the Taj Mahal, the Soami Bagh mausoleum has become a popular attraction, adding to the architectural splendor of Agra. Many visitors are in awe of its grandeur, considering it a worthy rival to the Taj Mahal. Unlike the Taj Mahal, which was completed in 22 years under a medieval authoritarian regime, the construction of the Soami Bagh mausoleum spanned over a century in an open society.

Real estate developer Migsun Group is planning to invest Rs 500 crore in 4 mixed-use commercial projects. Spread cumulatively over 2 million sq ft, the projects have received the RERA approval. Three of the four projects are located along Yamuna Expressway, and one is in Greater Noida.

After AAP Rajya Sabha MP Swati Maliwal alleged that she was assaulted by Bibhav Kumar, long-standing aide of Delhi Chief Minister Arvind Kejriwal, the party alleged that this was a “BJP conspiracy” to frame the CM.

A university student killed two suspected muggers in a gun battle near New Sabzi Mandi in Karachi on Superhighway in the early hours of Wednesday, Dawn reported, citing police and his relatives.

CoreWeave, an artificial-intelligence cloud-computing startup backed by Nvidia, has raised $7.5 billion from investors including Blackstone, Carlyle Group and BlackRock in one of the largest-ever private debt financings. The new debt financing follows a $1.1 billion equity funding round two weeks ago that valued the fast-growing company at $19 billion.

Mazagon Dock Shipbuilders' share price rose 14.5 per cent to scale an all- time high of ₹2,794 on Friday on the NSE, before closing with gains of 12.18 per cent at ₹2,737. The Mazagon Dock Shipbuilders' share price, having risen 250 per cent in a year and 1529 per cent in five years, has given multibagger returns to investors. The confidence in defence stocks remains high with rising capex and the government's ‘Make in India’ initiative, along with rising export orders.

Nippon Life Insurance Co. is on the hunt to take stakes in other insurers and asset managers in the US and Asia after it agreed to its biggest-ever M&A deal. 

Mercer Advisors is redoubling its efforts at inorganic growth with a newly appointed leadership role its mergers and acquisitions team.

The cryptocurrency market is back on track with good returns for investors in very little time. Everyone is looking for a quick exit from their investments as the currencies are volatile after the market correction. Bitgert’s BRISE coin offers a chance at getting the best returns in less time through small investments as well. With a credible price surge in the market, Bitgert’s BRISE coin is in the news for the benefits that it offers and the backing of the Bitgert chain that it has.

A Belgian court has ruled that all assets in the country belonging to American investment group 777 Partners can be seized, in the latest legal setback for the embattled company that owns Standard Liège and several other soccer clubs

«EV made a lot of sense because the expertise that we can get globally will help our businesses and which is why we were open to getting partners and they have added a lot of value in terms of what they bring and in other businesses, in growth gems in particular, we can look for global partners where we can get their insights and their guidance to be able to grow the business faster,» says Anish Shah, Group CEO & MD, Mahindra Group. Are you late in the EV race or was that a conscious strategy? For us, it is important to have outstanding vehicles when we launch and which is why we took the time to make sure that we have a born electric platform and that we have got designs that consumers are going to look at and say, wow, I love that design. We have got the technology, the features in the car. So, all of that is important. And if that takes a little longer, that is fine but more critical is the quality of the vehicle.

Empires of the Sea, maritime historian Radhika Seshan attempts the ambitious task of presenting the story of India’s engagement with the sea from the era of the Indus Valley civilisation to the 18th century. Despite consulting a shipload of books, Seshan’s reach far exceeds her grasp. The final product is a book that, while well researched, is poorly organised and is often unable to forge a meaningful connection with the reader.

Indian stock market. Prabhudas Lilladher, a leading brokerage, foresees sectors like FMCG, Auto, Healthcare, IT Services, Private Banks, and Capital Goods as a 'perfect hedge' against the election results, slated for 4th June 2024.

«The next three years will be continued success for the auto business. It is positioned very well right now. We have got multiple products over the last three to four years that have been huge successes and it is really the DNA of the company that is showing in terms of its success,» says Anish Shah, Group CEO & MD, Mahindra Group. Shareholders are happy, management is happy, stock at an all-time high, profits at an all-time high. What you promised when you took over, you have delivered on all count. I am sure that must be a great feeling. That is a great feeling and I would give a lot of credit to all our teams. They worked extremely hard. Across the businesses, we are seeing a very high level of performance and that is credit to every single member of the team.

India's weather bureau has warned the country was facing its second heatwave in three weeks, including in areas where millions of people are set to vote in the six-week election. Analysts have blamed a dip in turnout compared to the last national poll in 2019 on widespread expectations that Prime Minister Narendra Modi will easily win a third term, as well as hotter-than-average temperatures heading into the summer. The latest round of voting in the seven-phase election will take place on Monday, including in parts of India expected to see temperatures 2-3 degrees Celsius above normal.

Prime Minister Rishi Sunak is expected to announce a crackdown on agents marketing graduate visa schemes overseas, aiming to project a tough stance on migration before this year’s general elections. This comes after UK's university regulator warned of severe financial strains on institutions due to a decline in international student numbers. According to a Financial Times report, the new measures, anticipated to be revealed next week, will coincide with the release of quarterly migration data from the Home Office and the Office for National Statistics. The crackdown could involve mandatory registration for agents and fines for malpractice. Want to know if you qualify for immigration? Click here Sunak is also considering stricter criteria for the graduate visa scheme, potentially limiting visas to the «best and the brightest.» However, this approach has not yet been formally discussed with ministers. This proposal faces resistance from Chancellor Jeremy Hunt and Education Secretary Gillian Keegan, who worry about the financial impact on universities if international student numbers drop further.

DLF Ltd. traded 1.09 per cent higher in Friday's session at 11:56AM (IST). The stock opened at Rs 849.85 and has touched an intraday high and low of Rs 853.05 and Rs 841.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 967.0 and a 52-week low of 453.5. About 54,131 shares changed hands on the counter so far.