business

Union Budget 2024-25: Anticipations high as government prepares transformative reforms

The Union Budget 2024-25, set to be presented by Finance Minister Nirmala Sitharaman on July 23, aims to chart India’s path to becoming a developed nation by 2047. Key focus areas include infrastructure development, digital transformation, MSME support, and financial inclusion. Market expectations highlight potential changes in import duties, retail sector boosts, and significant reforms in the education sector.

IIT Bombay scientists develop Nutrisen, a technique to advance soil testing

First mothership docks at Adani's Vizhinjam Port, boosts India's global port presence

Services sector holds greater potential for India's economic growth: Raghuram Rajan

Gujarat police launch operation against private loan sharks; over 100 FIRs lodged

Following multiple suicides due to harassment from private lenders, a crackdown has been initiated which will continue till July 31. As many as 134 FIRs have been filed in the special drive against 226 people who were lending money at excessive interest rates and subsequently pressing the borrowers to pay back.

Paytm CEO Vijay Sharma talks about RBI's restriction, says 'we should have done better'

Speaking at a recent event, the Paytm CEO discussed the RBI's action against the company, acknowledging that they could have handled their responsibilities better and stating that they have learned their lesson.

Ola Cabs switches from Google Maps to internal Ola Maps

The statement was made three months after the Ola group severed their relationship with Microsoft Azure and transferred all of their workload to their internal artificial intelligence (AI) company, Krutrim. With this shift, the firm is expected to save Rs 100 crore in expenses per year.

India emerges as major global supplier of French Fries in just 10 years

Although Gujarat harvests a mere 7.42% of the country's potato production, Food Processing companies like McCain Foods, Iscon Balaji Foods and HyFun Foods produce frozen potato products which constitute the major chunk of the export.

Microsoft laying off employees for third time this year

As part of its efforts to streamline its workforce, Microsoft has announced layoffs. Employees in roles of product and program management have reportedly been affected at large by the layoff.

Hindenburg gets SEBI notice, names Kotak Bank in its response

Responding to SEBI's 46-page notice, Hindenburg termed it "nonsense, concocted to serve a pre-ordained purpose: an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India".