NEW YEAR PLANS
TCS announces plans to hire 40,000 freshers this year
TCS's robust growth in Q2 includes hiring 5,452 employees, with plans to recruit 40,000 more this year. CHRO Milind Lakkad affirmed India's talent appeal amid AI concerns, emphasizing reskilling and a revamped variable pay policy linked to office attendance for 70% of returning employees.
River Mobility plans Rs 1,000 crore investment in new EV manufacturing facility
River Mobility is planning a Rs 1,000 crore facility in Telangana to manufacture 5 lakh vehicles annually. They are discussing land options with Tamil Nadu, Karnataka, and Andhra Pradesh. The CEO announced $68 million funding from investors like Yamaha and Toyota. Rs 250 crore is invested in Bengaluru R&D. First retail outlet will open in Hyderabad.
Airlines are mastering the art of upsell, offering more choices and flexibility with new fare plans
Both IndiGo and Air India are making it costlier to cancel or reschedule their flights, for those booking a basic fare ticket while lowering these cost for higher fare bracket topping it up with extras a basic fare-ticket.
Tata Realty plans to triple its office space portfolio in 7 years
On launching a real estate investment trust (REIT), Sanjay Dutt said, “Those options are always there. At that point in time, we will take a call. We don't want to comment right now because it's very fluid. Rightnow, our goal is to scale our portfolio and become meaningfully sizeable”.
Congress slams govt over 'private investment plans slumping to 20-year low'
The FDI as percentage of GDP rose from 0.8% in 2004 to 1.7% in 2014 under Manmohan Singh's stewardship, Jairam Ramesh said, adding that as of 2022, it is now 1.5%.
NATO will need 35-50 extra brigades under new defence plans, source says
NATO plans to boost its defenses with 35-50 additional brigades in response to heightened threats from Russia post-Ukraine invasion. The expansion aims to enhance air and missile defenses, upgrade long-range weaponry, and bolster logistical support. Germany, facing a quadrupling of air defense requirements, is already increasing its Patriot missile units. These efforts mark NATO's first major defense plans in decades, reflecting a shift from previous assessments of Russian threats. The alliance seeks to strengthen deterrence capabilities amid ongoing geopolitical tensions.
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New UK Prime Minister Starmer says controversial Rwanda deportation plan is 'dead and buried'
Prime Minister Keir Starmer scrapped the Rwanda scheme to prioritize economic and NHS issues. His diverse Cabinet tackles migrant crises. Tim Bale noted Labour's challenges. Suella Braverman criticized Starmer. David Lammy's Europe trip preludes Starmer’s NATO meeting in Washington. Health Secretary Wes Streeting aims to resolve NHS multi-day strikes, addressing the 'broken' healthcare system.
Volvo to launch only EVs in India, plans one new car every year
Swedish luxury carmaker Volvo Cars plans to exclusively launch electric vehicles in India after 2030. Volvo aims to introduce one new electric vehicle annually, starting with the EX30 in 2025. The market for electric cars in India, though currently small, is growing rapidly. Volvo holds a significant share in the luxury EV segment in India and sees potential for further growth in the country's luxury vehicle market.
New PM Starmer pledges to rebuild Britain after years of chaos
Keir Starmer at Downing Street, after Labour’s landslide victory, pledged to restore trust and rebuild Britain. But he warned that it will take time.
ITR filing FY23-24: Want to reduce tax outgo? Know which deductions you can claim in old and new tax regime
Income tax return: While filing ITR you can claim certain tax deductions to reduce your total income tax outgo and increase the tax refund amount. According to CA Shreya Jaisal, "You can still claim additional deductions in your ITR even if they are not appearing in your Form 16, provided you have legitimate proof for it."
Kalyan Jewellers to enter US market, plans 70 new showrooms globally
In its quarterly update report released today, the company has said that it has reported overall revenue growth of approximately 27% YoY, whereas revenue growth for India operations stood at 29% during Q1 FY2025. Revenue growth from Middle East operations stood at 16% YoY
The Dalai Lama may soon reveal his succession plan, and it’ll have geopolitical ramifications
What if the next Dalai Lama is found among Tibetan immigrants living in a place China does not control? That would give an entirely new twist to the Tibetan movement, causing political problems for the Chinese leadership
Russia plans to create core of new space station by 2030
Russia aims to establish the core of its new orbital space station by 2030, according to its space agency, Roscosmos. The agency's head, Yuri Borisov, approved the timeline, which includes launching an initial scientific and energy module in 2027 and adding three more modules by 2030, with two additional modules planned between 2031 and 2033. Previously collaborating on the International Space Station (ISS), Russia plans to exit the ISS by 2028 and focus on its own station to address scientific, technological, and national security needs.
59% of German companies plan new investments in India this year
India is becoming a favored investment destination for German companies, with 59% planning to increase investments this year. Expectations are high, with 78% anticipating rising sales and 55% forecasting higher profits. Factors driving this trend include low labor costs, political stability, and availability of qualified specialists.
Jio hikes tariff by 12.5 to 25%; launches new plans
On Thursday, Jio, owned by Reliance, revealed a tariff increase ranging from 12.5% to 25% alongside the introduction of new plans. In the recent spectrum auction by the Department of Telecommunications, Jio secured additional 1800 MHz band spectrum for Bihar and West Bengal, as informed by Reliance Industries to the exchanges on Wednesday.
Verizon adapts new brand strategy: New logo, wireless and home internet plans, all you need to know
Verizon has taken steps to re-brand itself by introducing a new logo, fresh home and wireless internet plans, along with special video streaming deals, that will help you save on individual subscriptions, and much more. Know how to avail these Verizon offers if you really want to opt for them.
Gujarati businessman lost 23 kgs without gym or fancy diet in under a year: Here's how
Niraj, a businessman from Bhavnagar, Gujarat, successfully lost 23 kg without visiting a gym or following a fancy diet. Guided by his fitness coach, Satej Gohel, Niraj incorporated home-based workouts and traditional Gujarati food into his routine. Starting with simple exercises and gradually increasing his daily steps, Niraj transformed his lifestyle over ten months, reducing his weight from 91.9 kg to 68.7 kg.
No neat solution to NEET, BSc or gap year part of study plan B
The National Eligibility cum Entrance Test (NEET) is embroiled in controversy, leading students seeking entrance to medical colleges to explore alternative paths such as taking a year off to prepare for the next round, considering foreign colleges, or opting for domestic Bachelor of Science (BSc) programs.
Kerala govt to start 10,000 yoga clubs this year: Health Minister
Kerala's Health Minister, Veena George, announced plans to establish 10,000 new yoga clubs in the state this year. The move is part of the state's 'Yoga for Individual and Society' initiative, which aims to promote a healthy body and mind by warding off diseases and strengthening the immune system.
JLR steps up its 5-year investment plan by £3 billion
Tata Motors has increased its five-year investment in Jaguar Land Rover to £18 billion for FY24-FY28, up from £15 billion, focusing on developing electric vehicles and hybrid models. This aligns with JLR's "Reimagine" strategy. Additionally, JLR will partner with China's Chery to produce electric vehicles under the Freelander brand in China.
Vena Solutions expands into India with new headquarters for talent growth
Vena Solutions has established a head office in Indore, Madhya Pradesh, in collaboration with Innogent Technologies, named Vena Solutions India, to recruit talent across India.
Polls over, govt draws final sketch of 100-day action plan
Proposals that are likely to figure in the immediate agenda include widening support for electric mobility, facilitation measures for startups, steps to broaden power transmission and distribution capacity, finalisation of hydropower policy, addressing digital privacy concerns and execution of the Bharatiya Nyaya Sanhita, which is replacing the Indian Penal Code.
Indian universities allowed to offer admissions twice a year on lines of foreign varsities: UGC
Indian universities and higher education institutions will be allowed to offer biannual admissions twice a year, similar to foreign universities. The two admission cycles will be July-August and January-February from the 2024-25 academic session. This will benefit students who missed admission in the July-August session due to delays in board results, health issues, or personal reasons.
Delhi Airport plans to raise capacity by 30% in 3 years
Delhi International Airport (DIAL) plans to expand capacity by 30% due to increased aircraft orders. CEO Videh Kumar Jaipuriar discussed the expansion at the CAPA India Aviation Summit.
Mick Jagger teases new album at 80: Rolling Stones icon speaks about upcoming music and tour plans
Mick Jagger, the iconic Rolling Stones frontman, continues to electrify audiences at 80 years old. Currently on the "Hackney Diamonds" tour, Jagger performs with boundless energy and hints at releasing new music soon. The Stones, including bandmates Keith Richards and Ronnie Wood, are considering international tour dates for next year. Jagger, who maintains his fitness with regular workouts, also hopes to collaborate on stage with music legends like Paul McCartney and Lady Gaga.
Indian Overseas Bank plans to open 88 new branches in FY24
Indian Overseas Bank is set to establish 88 new branches across India in FY24. The bank recently opned a new branch in Nagapattinam and its 126th ATM in Puducherry. Managing Director and CEO Ajay Kumar Srivastava said that the bank's expansion strategy aimed to serve unbanked rural areas with innovative products. The bank's total business has surpassed Rs 5 lakh crore.
Asia shares touch two-year top as China plans property boost
Brent crude futures touched a one-week high of $84.14 a barrel in early trade, with the crash, in heavy fog, of a helicopter carrying Iran's president drawing traders' attention to the Middle East. Gold hovered close to a record high at $2,423 an ounce.
This large-cap mutual fund gave 16% returns in 3 years; should you buy?
SBI Blue Chip Fund: The fund has seen a leadership transition, with its seasoned fund manager passing the reins to a new successor. The previous fund manager had an unwavering focus on quality, supplemented with a buyand-hold approach. While the new fund manager will retain the quality tilt, he intends to incorporate the momentum strategy, which could bring in some churn in the portfolio.
ITC brand Fortune Hotels targets opening a new hotel every month in FY25
Elaborating on the challenges for India's hospitality sector, Samir said economic uncertainties, such as fluctuations in exchange rates, geo-political tensions, and global economic downturns, can impact travel demand and consumer spending, posing challenges for hotels in terms of revenue management, occupancy rates, and profitability.
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