In what signals the Narendra Modi 3.0 government’s resolve to revive loss-making electricity distribution entities (discoms), BJP-led Uttar Pradesh government has started the process to privatise two of the state’s five discoms. Private companies are invited to either form partnerships with or take over the state-owned Dakshinanchal Vidyut Vitran Nigam and Purvanchal Vidyut Vitran Nigam
United Spirits (Diageo India) has announced that Praveen Someshwar will be appointed as the new chief executive officer-designate starting March 1, replacing Hina Nagarajan. Nagarajan, who has successfully led Diageo India for four years as the managing director and CEO, will be joining Diageo’s global executive committee. This leadership transition marks a significant moment for
HCL Technologies (HCLTech), one of India’s leading IT firms, reported a modest 7% average salary hike for its employees, while its CEO, C Vijayakumar, received a staggering 190% increase in remuneration for the fiscal year 2023-24. The company also posted robust Q3 FY25 financial results, including a 5.5 per cent rise in net profit to
IT major HCL Tech on Monday announced an interim dividend of Rs 18 per equity share of Rs. 2 each of the company for the Financial Year 2024-25. This, it added, included a dividend of Rs 6 per share to celebrate 25 years of the Company’s public listing. In a regulatory filing, HCL Tech said
Anand Mahindra, Rajiv Bajaj, and other industrialists have joined the debate sparked by L&T Chairman SN Subrahmanyan’s controversial remarks about a 90-hour work week. Larsen & Toubro (L&T) Chairman SN Subrahmanyan advocated for a 90-hour work week and suggested that employees should even give up Sundays, and work then instead. “How long can you stare
Brigade Enterprises on Monday announced that it has entered into a Memorandum of Understanding (MoU) with Technopark to develop a World Trade Center (WTC) and supporting infrastructure, including a business hotel at Thiruvananthapuram. The WTC will be developed in around 1.5 million sqft of area, spread across a cluster of towers and is poised to
Go to Live UpdatesHCL Tech Quarterly Earnings and Results Today Live Updates: With the fiscal third quarter earnings season already on and IT giant Tata Consultancy Services (TCS) having released its results on January 9, HCL Tech is all set to announce its Q3 numbers today (January 13). HCL Tech had, in a regulatory filing
Blinkit’s foray into 10-minute ambulance services has drawn both applause and scepticism. Known for revolutionising quick commerce with ultra-fast grocery delivery, the Zomato-owned platform now aims to address one of the most critical healthcare gaps. But past such ventures show this is a high-stakes venture fraught with challenges. The ambulance tech sector has seen its
By Neeraj Agarwal My wife and I are NRIs living in Dubai. She wants to gift some money to her sister in India. What will be the tax treatment and can it be transferred from her Dubai bank account? —Madhav Nair Your wife can gift money to her sister in India without any tax liability
Eight payment gateways, including Razorpay, PayU, Easebuzz, and Paytm, are under investigation by the Enforcement Directorate (ED), which has frozen around Rs 500 crore in their virtual accounts over the past two years. This action is linked to one of India’s largest cryptocurrency scams involving 10 Chinese nationals operating the HPZ Token scheme, according to
The GIFT Nifty indicates that the BSE Sensex and NSE Nifty 50 are likely to open higher on Friday, January 24. The Indian stock markets closed Thursday’s session with modest gains as the NSE Nifty 50 rose 60.90 points or 0.26% to 23,216.25 and the BSE Sensex added 115.39 points or 0.15% to settle at
The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets the popular Amul brand, has announced a Re 1 reduction in milk prices for one-litre packs across India. The move aimed at encouraging consumers to opt for larger packs also marks a slight relief for households amid rising costs. Speaking to PTI, GCMMF Managing Director Jayen
The Adani Group on Friday said the Sri Lankan government is reviewing the tariffs agreed upon under a power purchase agreement (PPA) for its wind power projects, but said this was part of a “standard review process”. Reports that Adani Group’s 484 megawatt (MW) wind power projects in Sri Lanka’s northern Mannar and Pooneryn districts
