Wellness Financial News

India in the last 12-18 months, Bain Capital, is on track to invest up to $10 billion in the next 3-5 years, according to one of its top executives. «India's time has come both due to its own internal development and hard work of structural improvements over the years,» said David Gross-Loh, managing partner, Asia, Bain Capital.

Ayodhya's Ram temple consecration will likely have a rub-off effect on other leading pilgrimages such as Shirdi, Kashi Vishwanath, Odisha's Jagannath Rath Yatra, Tirupati, Mathura, Vaishno Devi and Golden Temple, companies selling consumer staples and grocery essentials as well as jewellery chains said. Adani Wilmar, ITC, Reliance, Parle Products, Dabur and Britannia are deepening distribution and dealer networks, launching limited edition packs or doubling marketing and branding spends at large religious sites, while jewellers such as Kalyan and Senco are setting up stores in spiritual zones.

Tech Mahindra reported a 60.6% year-on-year fall in its net profit for the quarter ended December at Rs 510 crore. The country's fifth largest software services firm cited its business rationalisation measures as well as continuing macroeconomic headwinds impacting its clients across business segments for missing profit estimates.

Ranjan Pai, chairman of Manipal Education and Medical Group, is set to emerge as the largest shareholder in Byju’s-owned Aakash Institute, with a 40% stake, people aware of the matter said. The Aakash board has approved the conversion into equity of the $300 million Pai invested during 2023, they added. This values the company — one of the remaining valuable assets for Byju Raveendran’s troubled edtech group — at around $700 million and renders it debt-free.

regulatory sandbox for the “functional security and validation” of Internet-of-Things (IoT) devices and work towards developing an “indigenous security ecosystem” for the cybersecurity of such devices. Additionally, it is also likely to push for the development of “indigenous tools for protecting and securing mobile apps”. For IoT devices, the IT ministry will also work with working groups to continuously update policies regarding the security of such devices.

Officials say that two U.S.-flagged ships carrying cargo for the Defense and State departments have come under attack off Yemen

CSX's fourth-quarter profit slipped 13%, but the railroad reported hauled slightly more freight and kept its trains running smoothly

HBR) piece deals with the rise of a new type of urban conglomeration, meta cities. It elaborates its features: Resurrected residentials During Covid, many predicted the death of global cities because many residents retreated to suburbs and small towns to work remotely.

Settlement talks between Raymond group chief Gautam Singhania and his estranged wife Nawaz Modi have collapsed, said people in the know of the development. These sources added that Modi is insisting on her initial demand — seeking 75% of Singhania's reported $1.4-billion wealth for their two daughters, Niharika and Nisa, and herself. She is also seeking custody of their minor daughter, alleging that Singhania has been exerting influence on the two daughters. The couple announced their separation in November 2023.

Amit Shah on Wednesday said the Centre's decision to confer Bharat Ratna on former Bihar chief minister Karpoori Thakur was an honour to crores of poor people belonging to the Backward and Dalit communities. Shah said that on January 22, Prime Minister Modi accomplished 'Ramkaaj' in Ayodhya and on January 23, he did 'Garibkaaj', referring to conferring the country's highest honour to the late socialist leader from Bihar. Addressing the birth centenary celebration of Karpoori Thakur, affectionately called as 'Jan Nayak', he said the Modi government has revised the OBC list, given rights to the states to prepare their own OBC list, provided reservation to OBCs in IITs and IIMs, as well as in allotment of petrol pumps. «Prime Minister Narendra Modiji ended the wait of 500 years on January 22 by consecrating Ram temple, and the very next day, on January 23, he accomplished a good deed for the poor by deciding to give Bharat Ratna to Karpoori Thakurji,» Shah said. Thakur worked for the promotion of Hindi in administration and academics, and the Modi government has been promoting local languages under the New Education Policy, the home minister added. BJP president JP Nadda said Karpoori Thakur's journey — from a financially challenged family to his relentless struggle for social justice, culminating in his role as the chief minister of Bihar — deserves greater acknowledgement.

This is going to be a long tour — five Test matches hopping from here to Visakhapatnam, Rajkot, Ranchi and finally Dharamsala — but all the signs point to short Test matches. Unless one of the curators gets it badly wrong, this is a series that is going to be played on result-oriented turners. England made no bones about this, announcing their playing eleven a day in advance, including only one fast bowler, Mark Wood, who is also known for his ability to reverse the ball, alongside three spin options.

Investing.com — Oil prices settled higher Wednesday, as sentiment was boosted by a much larger than expected decline in U.S. weekly crude stockpiles and hopes that fresh stimulus measures to boost China's economy will shore up the oil demand outlook.

Night Swim which made its debut in the theatres on January 5, 2024, has generated a lot of buzz with its interesting plot and uncanny twists. Based on a short film with a similar name by Rod Blackhurst and Bryce McQuire, the supernatural horror drama film is centered around a former baseball player, who moved into a new home with his children and wife only to learn that the swimming pool is ghostly. McGuire has written and directed Night Swim, and is famously known for his work on short films such as Soon You Will Be Gone, Every House is Haunted, Possibly Eaten. The producers of the film are Jason Blum and James Wan, who earlier partnered on the Insidious film series.

Investor interest in the markets has been on the rise ever since the covid pandemic drove people indoors during the lockdowns. Many individuals have since been drawn to the alpha returns generated from market investments, particularly in mutual funds. That, in turn, has prompted fund managers to craft strategies delivering the best returns.

Mint explains: Last week, the government published guidelines for coaching centres scrapping enrolment of students below 16 years of age—enrolment should only be after secondary school (standard 10) examination. This rule caused worry since India’s coaching industry has become an alternative education channel. Students are enrolled as early as 10-12 years and prepared for engineering, medical and civil service exams.

₹12,114 crore in Q3FY24, with a handsome growth in the sales of the company’s best-selling brand in the 125cc and above segment, the Pulsar, driving profits up 37% year-on-year to ₹2,042 crore and Ebitda (earnings before interest, taxes, depreciation and amortization) margins to 20.1%, an improvement of 98 basis points over the third quarter last fiscal. A hundred basis points make one percentage point. For TVS Motor Company, revenue in the December quarter rose 26% on year to ₹8,245 crore, while its net profit grew 68% to ₹593.35 crore.

₹522 crore during the quarter compared to a loss of ₹2,502 crore in the corresponding quarter last year and ₹6,511 crore in the preceding quarter. The recovery was primarily led by the domestic unit of Tata Steel, which reported a pre-tax, depreciation and interest profit of ₹8,257 crore compared to ₹5,335 crore last year. Meanwhile, Europe reported a loss of ₹2,872 crore before tax, depreciation, interest and exceptional items.

₹3 crore 17 lakh was made online to Ram Lalla on Tuesday, the first day after the Pran Pratistha ceremony at Ayodhya Ram Mandir, Hindustan Times reported on Wednesday. Trustee Anil Mishra said that Ayodhya Shri Ram Mandir trust had opened 10 donation counters on the day of the Pran Pratistha ceremony. Apart from this, several devotees from across the country and the world have sent online donations to Bhagwan Shri Ram.

Birlasoft on Wednesday reported Rs 161 crore consolidated profit after tax for the third quarter ended December 2023, the company said in a regulatory filing. The company had posted a loss of Rs 16.36 crore in the same quarter a year ago.

India in Cape Town earlier this month, otherwise known as the shortest match in the history of Test cricket, saw 33 wickets fall in just 642 balls. The conditions were very tough for batting. Only one batsman, across both the teams, scored in excess of 46 runs — Aiden Markram’s 106 in the second innings.

India squad (for 1st two Tests): Yashasvi Jaiswal, Rohit Sharma (c), Shubman Gill, Rajat Patidar, Shreyas Iyer, KL Rahul (w), Ravindra Jadeja, Ravichandran Ashwin, Axar Patel, Jasprit Bumrah, Mohammed Siraj, Mukesh Kumar, Kuldeep Yadav, Srikar Bharat, Dhruv Jurel, Avesh Khan. England Squad: Zak Crawley, Ben Duckett, Ollie Pope, Joe Root, Jonny Bairstow, Ben Stokes (c), Ben Foakes(w), Mark Wood, Ollie Robinson, Jack Leach, James Anderson, Daniel Lawrence, Gus Atkinson, Tom Hartley, Rehan Ahmed.