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Roberto Cavalli has died at the age of 83, his company said in a post on Instagram. «The Roberto Cavalli company shares condolences with Mr. Cavalli's family,» Sergio Azzolari, chief executive of Roberto Cavalli, said in the post.

wholesale price index (WPI) after palm oil, whereas sunflower and soybean oils, which are now consumed more, get a lower weightage in the WPI of 2011-12, an anomaly which may lead to erroneous data about inflation. The Solvent Extractors' Association of India (SEA) recently wrote to the Centre, urging it to correct the weightage of different oils in the WPI to reflect the present consumption pattern. The weightage of edible oils in the WPI is 2.64293% under the food articles category. It is based on the consumption and the average price.

Rameswaram Cafe blast case from West Bengal has triggered another round of war of words between the Trinamool Congress and the BJP, just one week ahead of the first phase of the Lok Sabha polls. While the BJP projected this as another example to continue its allegation that the state has become a safe haven for terrorists, Trinamool supremo and CM Mamata Banerjee said the state police were quick to act in the arrest of the accused who hailed from another state and asked what the BJP governments were doing. The Bengal Police, meanwhile, took to microblogging platform X to deny BJP's allegations. One of the first to hit out at the Trinamool government on Friday was BJP Bengal co-in charge Amit Malviya.

government has set the target of producing 170 million tonnes of coal from captive and commercial coal blocks in the country during the current financial year. In FY24, captive and commercial coal blocks produced 147.12 million tonnes (MT) of dry fuel, 26 per cent higher from 116 MT produced in FY23. According to an official, additional secretary, coal, M Nagaraju this week reviewed the coal production targets for FY25. Representatives of 74 coal mines were present in the review meeting. "Coal block allottees are confident of achieving the production target of 170.0 MT in 2024-25," the official said.

Income Tax department on Friday issued clarifications regarding the recent amendments to the India Mauritius Double Taxation Avoidance Agreement (DTAA) that have sparked concerns among stakeholders. The department said that the Protocol pertaining to the amendment is yet to be ratified and notified under Section 90 of the Income-tax Act, 1961.

Helen Hunt and Dustin Hoffman, have been cast in British director Peter Greenaway’s new film, which is currently filming in Lucca, Italy. The project also stars Sofia Boutella, Giacomo Gianniotti, Jonno Davies and Laura Morante.

ZEE, through its wholly owned subsidiary IDPL, has entered into an aggreement with Media, PR & Advertising firm Newsreach to invest Rs 8.76 crore. The investment will be done through subscribing to equity shares and/or convertible equity linked instruments (Optionally Convertible Redeemable Preference Shares) of Newsreach. The investment will happen in tranches. The Tranche – 1 investment is expected to be completed by or before June 30, 2024.

Reserve Bank of India has rejected two more applications, including that of Dvara Kshetriya Gramin Financial Services, for setting up small finance banks. Earlier in July 2023, it had rejected three applications. RBI had received about a dozen applications to set up banks under the guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks (SFBs). The guidelines for 'on tap' licensing of Universal Banks and SFBs in the private sector were issued on August 1, 2016, and December 5, 2019, respectively.

Karnataka on Friday crossed the Rs 300 crore mark since the Model Code of Conduct came into effect on March 16, according to the Election Commission. Lok Sabha elections in Karnataka will be held in two phases on April 26 and May 7 for its 28 constituencies. Since March 16 till date, seizures worth Rs 307.61 crore have been made by the Election Commission in Karnataka in coordination with its enforcement teams comprising flying squads, police and static surveillance team, the EC officials said. According to a statement issued by the office of Chief Electoral Officer of Karnataka, since the Model Code of Conduct came into force, the flying squads, static surveillance teams and police authorities have seized Rs 46.01 crore cash, Rs 7.73 crore articles meant for distribution as freebies, liquor worth Rs 147 crore, narcotic substances worth 9.75 crore, and gold worth Rs 24.38 crore, among others.

Enforcement Directorate (ED) on Friday said it has attached assets worth more than Rs 150 crore linked to former West Bengal food minister Jyoti Priya Mallick and two others in a PDS ration «scam»-related money laundering case. The other two accused are Mallick's alleged aide Bakibur Rahaman and TMC leader Shankar Adhya. All three have been arrested by the federal agency in the case. The attached assets include 48 immovable properties of different persons and entities including Mallick's house in Salt Lake, Bolpur, several other «benami properties» held in the name of his close associates, two hotels of Rahaman in Kolkata and Bengaluru each, bank balance in various accounts and fixed deposits, the ED said in a statement. It is also found that Mallick allegedly «received» some of these immovable properties worth more than crores of rupees as «gifts» in the name of his family members or close associates.

Meta AI is its image generation tool, capable of swiftly producing realistic images from text prompts. Users can activate this function by entering '@MetaAI /imagine' followed by their desired text prompt, enriching the visual dimension of their conversations. Although Meta AI is presently accessible solely in the U.S., Meta assures users that it will provide valuable aid in diverse situations, such as offering suggestions, delivering entertainment, settling disagreements, and imparting knowledge.

₹93 to ₹98 per equity share of face value of ₹10 each. Emmforce Autotech IPO will open for subscription on Tuesday, April 23, and close on Thursday, April 25.

Happy Baisakhi 2024: Baisakhi, also known as Vaisakhi, represents the vibrant culture of Punjab and North India. As per the Hindu lunisolar calendar, Baisakhi marks the first day of the month of Baisakh. Traditionally, the harvest festival is celebrated on April 13 or 14 every year.

Varun Beverages Ltd. rose 1.72 per cent to Rs 1399.05 in Friday's trade. It hit an intraday high of Rs 1427.0 and low of Rs 1390.4, respectively, during the day. The stock quoted a 52-week high price of Rs 1560.3 and low of Rs 687.5.

Zerodha Co-Founder Nikhil Kamath has alerted investors about not being part of any WhatsApp group that gives stock recommendations. The Indian entrepreneur shared a picture on his official X handle saying that it was not him and called it a "Scam".

GmbH's global chief of sales and services Rudolf Klotscher said India is the company's second largest emerging market alongside Turkey and is a «huge focus» country. The Euro 14.8-billion company, which sells Bosch and Siemens brands of refrigerators, dishwashers and kitchen appliances, has reported a double-digit growth in India in several categories such as built-in appliances and dishwashers when the Indian market is growing at 7-8%. Klotscher did not share the overall revenue numbers or company's revenue growth in India “The potential for the future in India is very big. There are 1.4 billion potential customers in India," Klotscher told ET on the sidelines of BSH’s annual global press meet held virtually on Thursday.

«There used to be the provisions like general anti avoidance rules like GAAR, which required the investors like FPIs who are based in Mauritius need to have substance in Mauritius in order to claim the benefit of India-Mauritius tax treaty,» says Punit Shah, Partner, Dhruva Advisors. Let us talk about this treaty and this change that we are making. What is the impact that one should actually expect from this? Is it too much of a worry for investors from Mauritius? Essentially what it says is that India-Mauritius tax treaty was there for several years now. It provides capital gains tax exemption on the equity shares, on derivatives, on debt instruments. The treaty was amended in 2017 where the capital gains exemption on equity shares was taken away and the capital gains exemption on the derivatives and debt instruments did continue.

tech companies in the US added an estimated 6,000 workers last month. Indian IT giants have established a robust presence in the US, with Tata Consultancy Services (TCS) employing 50,000 people, Infosys 35,000, HCL Technologies 24,000, Wipro 20,000, and LTI Mindtree 6,500. Together, these companies contribute around 2% to the US tech industry workforce, as per an HDFC Securities report. The widespread presence of these firms across various US locations positions them advantageously for the ongoing demand recovery. The surge in job growth has been primarily driven by hiring in technology services, software development, and cloud infrastructure. In March, US employers posted 191,000 new job openings for tech positions, marking an increase of 8,000 from the previous month and the highest volume since August 2023.

InterGlobe Aviation Ltd. traded at Rs 3742.4 on BSE at 01:59PM (IST) on Friday, down 1.42 per cent from previous close. The scrip quoted a 52-week low price of Rs 1865.7 and a high of Rs 3849.45.

Britain's economic output grew by 0.1% in monthly terms in February and January's reading was revised higher, pointing to an exit from recession in early 2024, figures from the Office for National Statistics showed on Friday. Economists polled by Reuters had forecast a 0.1% month-on-month expansion of gross domestic product.