GLOBAL NEWS | Mon, 11 Dec 2023, 1:52AM ISTScammers have used QR codes to steal personal information by imitating legitimate companies or sending deceptive emails and text messages, the Federal Trade Commission said.
GLOBAL NEWS | Mon, 11 Dec 2023, 1:20AM ISTThe Los Angeles Dodgers are betting $700 million that Shohei Ohtani can deliver championships and help increase revenue. But the economics of sports can be fickle.
GLOBAL NEWS | Mon, 11 Dec 2023, 1:01AM ISTMs. Redstone waged a bitter battle for control of National Amusements, the parent company of MTV, CBS and the Paramount movie studio. Now, shes considering a sale.
GLOBAL NEWS | Mon, 11 Dec 2023, 12:21AM ISTMs. Redstone waged a bitter battle for control of National Amusements, the parent company of MTV, CBS and the Paramount movie studio. Now, shes considering a sale.
INDIA BUSINESS | Mon, 11 Dec 2023, 12:20AM ISTThe broadcast sector has faced challenges since late 2022 that can be attributed to global macroeconomic factors like inflation and supply chain disruptions. Some traditional advertisers, such as startups, auto companies, and online betting platforms, reduced TV advertising, creating a temporary gap. However, during the current festive season, early signs of recovery are evident compared to last year, says K Madhavan, president of IBDF and Disney Star chief.
INDIA BUSINESS | Mon, 11 Dec 2023, 12:15AM ISTStrong demand has driven up residential prices in major housing markets, with Hyderabad and Bengaluru seeing the highest annual appreciation for two-bedroom homes, at 15% and 13.5%, respectively, while Mumbai saw a 10.3% increase. Delhi NCR saw an average 12% rise in property values, followed by Pune at 11%, according to a report by NoBroker, India's first proptech unicorn.
INDIA BUSINESS | Mon, 11 Dec 2023, 12:15AM ISTThe affordability levels for home purchase in India saw a decline in 2022 for the first time in a decade having hit peak affordability levels in the previous year. Global recessionary winds and rising interest rates saw India's central bank raising the repo rate by 225 bps from May till December 2022. And a further 25 bps hike was implemented in February 2023.
INDIA BUSINESS | Mon, 11 Dec 2023, 12:02AM ISTAdani Power had offered Rs 3,650 crore, as reported by ET on November 2. The unsolicited offers are made almost 10-11 months after 95% of lenders voted for a plan by the Power Finance Corp (PFC) led consortium.
INDIA BUSINESS | Sun, 10 Dec 2023, 11:47PM ISTMediaTek is looking forward towards taking on its rival Apple and Qualcomm after its line-up of flagship mobile processors focussing on high performance and generative AI capabilities. "Our revenues increased from $7.9 billion to $14 billion in calendar 2023 globally. A big milestone this year is that we've been able to generate $1 billion in revenue from our flagship chipsets globally," MediaTek India managing director Anku Jain told ET.
INDIA NEWS | Sun, 10 Dec 2023, 11:45PM ISTPUNE: Garlic prices have doubled in the past 6 weeks crossing Rs 250/kg in retail markets in most parts of the country. The average wholesale prices are around Rs 130-140/kg while the best quality garlic is selling at Rs 220-250/kg in wholesale mandis.Garlic prices tend to increase in December as the supplies from the stored stocks are at their lowest levels.The retail prices are currently ruling at a Rs 180-300/kg band for different qualities in different markets as the wholesale prices trade between Rs 150-260/kg."Every year garlic prices rise during this period as supplies are less," said Vilas Bhujbal, a wholesale trader from Pune APMC (Agricultural Produce Marketing Committee).Export ban on onions adds fuel to farmers' unrestThe sudden ban on onion export has led to widespread unrest among farmers, who have already been suffering due to drought followed by unseasonal rainfall. Traders have boycotted auctions that saw prices crashing by 30% in Nashik in Maharashtra.The central government banned onion exports from December 8 to control the prices, which started rising after the unseasonal rainfall in the state in November. The highest prices had crossed Rs 45/kg in some markets as robust exports to Bangladesh and Nepal were supporting the domestic prices.After the export ban, the average wholesale prices of onions crashed to Rs 25/kg on Friday at Lasalgaon market from Rs 35/kg before the export ban, while most of the other markets in Nashik district remained closed. However, onion prices was firm in all other markets in Maharashtra on Sunday, with the minimum and the maximum prices ruling between Rs 25/kg to Rs 45/kg in wholesale trade.
INDIA BUSINESS | Sun, 10 Dec 2023, 11:37PM ISTThe 5G network deployment has crossed the 400,000 mark in India, with Reliance Jio and Bharti Airtel adding 2,000 base tower stations a week, making it one of the fastest rollouts in the world, said officials aware of the development. The 400,000 mark has been achieved in less than 15 months of the 5G launch as both telcos have been aggressively rolling out the network, an official told ET
INDIA BUSINESS | Sun, 10 Dec 2023, 11:28PM ISTAirtel's plan to use Google's parent company, Alphabet, laser technology is likely to face bumps because of weather conditions in rural and hard-to-reach places. Taara's laser Internet technology was developed at Alphabet's California innovation lab, called X. "We are not able to comment on Airtel's deployment of Taara's technology," an X spokeswoman wrote in response to ET's queries.
INDIA NEWS | Sun, 10 Dec 2023, 11:23PM ISTNew Delhi: Diverting focus away from reduction of emissions to singling out a particular fossil fuel like coal will undermine the fight for reduction of emissions, the power ministry said while giving its view on an initiative to phase out unabated coal to be proposed at COP28, said people with knowledge of the matter.In its view sent around the beginning of United Nations' annual climate change conference to the ministry of environment, forest and climate change, which is leading the discussions at COP28 in Dubai, the power ministry cleared its stance on coal power, stating that until storage and abatement technologies become a viable option, phasing out of the fuel cannot be agreed to, said the people. The power ministry said what should matter is which country is emitting how much, on a per capita basis, whatever be the source of their emissions, according to the response, a copy of which was seen by ET.105883588India refrained from signing the Global Renewable Energy and Energy Efficiency Pledge at COP28 aimed at tripling renewable energy capacity to at least 11,000 GW by 2030.India was a strong force behind the G20's New Delhi declaration in September which adopted a similar text, but the COP28 pledge had a caveat that aimed for phasing down of unabated coal power."Phasing down or phasing out of unabated coal cannot be agreed to till the time storage and abatement technologies become viable," said one of the persons cited earlier, who did not wish to be identified.More than 50% of India's electricity needs are met by coal-based power plants. India needs stable and affordable sources of energy, as its energy demand is continuously growing and is expected to reach a peak of 335 GW by 2030.The country does have ambitious targets for adding clean energy capacities. It is aiming for 500 GW of renewable energy capacity by 2030 and has laid out a trajectory to bid out 50 GW of such capacity every year for five years from this financial year.India is committed to achieving its nationally determined contributions (NDCs) commitment of having 50% share of non-fossil fuel installed electricity capacity by 2030. It expects the share of non-fossil fuels to surpass NDCs and have around 65% in the total installed capacity by 2030, the ministry said. However, renewable energy is not available round the clock, it said.The power ministry said to make power affordable and available round the clock and to avoid any scenario of load shedding in future, India will need to add 80 GW of thermal capacity by 2032 while pursuing an increased share of renewables in the energy mix.Earlier India was expecting this capacity to be 50 GW, but it was increased by 30 GW amid growing demand in the country and it is expected to rise further.The ministry said that instead of pushing developing countries to cut their emissions, the developed countries need to accelerate their mitigation efforts to allow a fair share of remaining carbon space to be available to developing countries.
INDIA BUSINESS | Sun, 10 Dec 2023, 11:23PM ISTIn its view sent around the beginning of United Nations' annual climate change conference to the ministry of environment, forest and climate change, which is leading the discussions at COP28 in Dubai, the power ministry cleared its stance on coal power, stating that until storage and abatement technologies become a viable option, phasing out of the fuel cannot be agreed to.
INDIA BUSINESS | Sun, 10 Dec 2023, 10:51PM ISTThe Canadian multinational banks deal comes in the back of recent other leases in India's costliest office address. Few months ago, LinkedIn renewed its lease in the same complex at Rs 565 per sq ft per month, while Bank of China also leased office space at Rs 500 per sq ft a month. While the TD Bank lease is for over 1,600-sq-ft office, the rentals reinforce BKC and Maker Maxitys status as the countrys most expensive office address, which was earlier held by CeeJay House on Dr. Annie Besant Road in Mumbais plush Worli locality.
INDIA BUSINESS | Sun, 10 Dec 2023, 9:35PM ISTAccording to Kumaraswamy, this minister, facing legal challenges, is in talks with the BJP leadership and could potentially bring along '50 to 60 MLAs' if he decides to switch parties.
INDIA BUSINESS | Sun, 10 Dec 2023, 8:52PM ISTThe company's net interest income surged 38 per cent to Rs 13.52 crore from Rs 10.85 crore. During the September 2023 quarter, the net interest margin (NIM) declined to 2.73 per cent against 3 per cent in the year-ago period.
INDIA BUSINESS | Sun, 10 Dec 2023, 8:39PM ISTThe incident affected the movement of two trains, namely, the 12261 Mumbai CSMT-Howrah Express (downline) and the 11401 Mumbai CSMT-Adilabad Nandigram Express.
INDIA BUSINESS | Sun, 10 Dec 2023, 8:18PM ISTMortgage firm SRG Housing Finance plans to achieve Rs 750 crore asset under management (AUM) during the next financial year, a top company official has said.
"We have achieved AUM of Rs 500 crore in the last quarter. We hope to achieve the next milestone of Rs 750 crore in 2024-25," SRG Housing Finance Managing Director Vinod Kumar Jain told PTI.
The company got listed on bourses in August this year.
Currently, Rajasthan and Gujarat contribute about 60 per cent of its business.
The mortgage firm plans to expand its footprint in southern states.
The company will also open its branches in Andhra Pradesh, Telangana and Karnataka in the next few months, Jain said.
Also, from April next year, the treasury and pan India business team will work from Mumbai, he added.
During the second quarter of the current financial year, the mortgage firm recorded 20 per cent growth to Rs 5.26 crore compared to Rs 4.39 crore a year ago.
Its total income stood at Rs 31.20 crore, with a growth of 37.9
INDIA BUSINESS | Sun, 10 Dec 2023, 8:03PM ISTThe discount list for December 2023 covers MG's entire car and SUV lineup, including the Comet EV and ZS EV SUV. Potential buyers can take advantage of these discounts until December 31, 2023.