India

Dabur completes its cloud migration
10 Oct

Dabur completes its cloud migration

Priyanka Bhowmick0 CommentsBusiness, India,
Dabur India on Monday said it has become a cloud-only enterprise after successfully migrating its on-prem data centers to Microsoft Azure and SAP RISE. It added that it will use emerging technologies like Open AI for digital transformation. It added that the cloud-only approach will help it significantly improve business resilience and enhance its services to retailers, partners, employees and customers. Global Chief Information Officer of Dabur India Limited, Kaustubh Dabral said, "Agility and business innovation are critical to addressing changing market dynamics and consumer expectations. Harnessing the power of the cloud, artificial intelligence and its powerful data foundation will…
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Reliance General Insurance gets GST notices worth Rs 922.58 crore from DGGI
10 Oct

Reliance General Insurance gets GST notices worth Rs 922.58 crore from DGGI

Priyanka Bhowmick0 CommentsBusiness, India,
The Directorate General of GST Intelligence (DGGI) has issued multiple show-cause notices for a tax claim of Rs 922.58 crore from Reliance General Insurance Company (RGIC), a subsidiary of former Anil Ambani group company Reliance Capital (RCAP). The move assumes significance as RCap, which is currently under a debt resolution process through the National Company Law Tribunal (NCLT), constitutes around 70% of RCap's net worth. RGIC received a total of four show-cause notices – Rs 478.84 crore, Rs 359.70 crore, Rs 78.66 crore and Rs 5.38 crore – on revenue generated from its services such as reinsurance and co-insurance, sources…
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Adani Group’s Mundra Port celebrates 25 years of operations
09 Oct

Adani Group’s Mundra Port celebrates 25 years of operations

Priyanka Bhowmick0 CommentsBusiness, India,
Adani Group's Mundra port in Gujarat has completed 25 years of operations, highlighting its growth and transformation into one of the world's largest ports. Since the berthing of the inaugural vessel, MT Alpha, on 7 October 1998, the port has witnessed growth in terms of revenue and technology on the world stage. Gautam Adani Group Chairman Gautam Adani said, "Mundra, to me, is more than just a port. It's a beach of potential for the entire Adani Group. Twenty-five years ago, when we started, we had dreams. A beacon that will represent India's progress. The heartbeat of this commitment resonates…
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MCX gets approval from SEBI tech panel to shift to new platform
09 Oct

MCX gets approval from SEBI tech panel to shift to new platform

Priyanka Bhowmick0 CommentsBusiness, India,
Multi Commodity Exchange of India (MCX) on October 8 said it has received approval from the SEBI Technology Panel to launch a new web-based commodity derivatives platform (CPD) after several delays with the market regulator. "Subsequently, the SEBI Technical Advisory Committee recommended that MCX and MCXCCL may go live with the CDP and inform SEBI of the proposed date of go live," MCX said in a regulatory filing. This development was first reported on October 6 by CNBC-TV18 citing sources. Over the past month, stocks on the Mumbai-based commodity exchange rose 18 percent against a 1.4 percent rise in the…
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India is planning to make its own space station in next 25 years
07 Oct

India is planning to make its own space station in next 25 years

Priyanka Bhowmick0 CommentsBusiness, India, Tech Byte,
After leaving a mark on the Moon with the Chandrayaan-3 mission, the Indian Space Research Organization (ISRO) is now gearing up to set up its first space station. The Indian Space Agency is already working on its Mars and Venus missions and chief S Somnath has revealed ISRO's big plans for the space station. In an interview with CGTN, the ISRO chairman said the Indian space agency is exploring various possibilities for future missions, including a space station and long-duration manned spacecraft launches. "We are looking at all possibilities after the success of the Moon mission," Somanath said. "We are…
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Air India to induct first A350 aircraft in December
07 Oct

Air India to induct first A350 aircraft in December

Priyanka Bhowmick0 CommentsBusiness, India,
Tata Group-owned Air India shared the first look of its new A350 planes wearing a paintjob to match its new livery. The airline rebranded itself earlier this year with a new red-aubergine-gold look and a new logo 'The Vista'. The latest A350 images were clicked at a workshop in Toulouse, France, with newly painted planes arriving in India this winter, the airline said. "Here's the first look of the majestic A350 in our new livery at the paint shop in Toulouse. Our A350s start coming home this winter… @Airbus" Air India said in a post on X, formerly known as…
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Ranveer Singh is now the brand ambassador of Flair
06 Oct

Ranveer Singh is now the brand ambassador of Flair

Priyanka Bhowmick0 CommentsSikkim, ,
Flare Writing Industries (FWIL) has launched its latest brand campaign 'Bus Flair Aur Kuch Nahi' with Ranveer Singh. The campaign is designed to rekindle the warmth and nostalgia associated with the writing industry. In today's fast-paced digital age, technology often takes center stage. Flair Writing Industries (FWIL) believes that putting pen to paper has a timeless appeal. The brand dropped another TVC, 'Likh Ke Du Kya', highlighting the unique features of the Flair Writometer. Writometer is capable of recording for long periods of up to 10,000 meters. Ranveer Singh is in his signature high-spirited style as the brand's Flair Rhythmometer…
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Employee gets job offer from her dream firm Google after laid off by Meta
06 Oct

Employee gets job offer from her dream firm Google after laid off by Meta

Priyanka Bhowmick0 CommentsSikkim,
After experiencing layoffs from Meta in April, just shy of her third job anniversary, Hou Zhuoni Hermione achieved her long-held ambition by receiving a job offer from her dream company, Google, five months later. Hermione, who worked as a project sourcing manager at Meta in Singapore, expressed her gratitude for being employed by Meta during the pandemic and being treated well by the company. However, her real dream was to work at Google rather than Meta. "Some of you may have heard me joke about Google being my dream company because the commute would be less than a 15-minute walk.…
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Apple CEO Tim Cook pockets $41 Million in stock sale
05 Oct

Apple CEO Tim Cook pockets $41 Million in stock sale

Priyanka Bhowmick0 CommentsSikkim,
Apple ( AAPL. O) CHIEF Executive Officer Tim Cook sold his largest stake in two years, after a $41.5 million tax, showing a U.S. securities filing. Cook sold 511,000 shares, worth $87.8 million before accounting for taxes, according to a filing dated Tuesday. He made $355 million from a stock sale in August 2021.The Apple chief owns about 3.3 million shares, worth about $565 million, after the sale, the filing shows. The company's shares fell 13% from their record high of $198.23 in July as investors worried about a slower-than-expected recovery over smartphone demand. Apple launched its new iPhone 15…
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Torrent Investment challenges IIHL’s acquisition of Reliance Capital’s assets
05 Oct

Torrent Investment challenges IIHL’s acquisition of Reliance Capital’s assets

Priyanka Bhowmick0 CommentsSikkim,
Torrent Investments Pvt. Ltd filed an urgent letter in the Supreme Court challenging the March 2 order of the National Company Law Appellate Tribunal, which allowed Reliance Capital's creditors to initiate a second auction as part of the corporate insolvency resolution process. In its three-page letter, Torrent said it sought the apex court's intervention for an urgent hearing and final disposal of its pending appeal, challenging the second round of auctions for debt-laden RCap's assets. In the second auction in April, Hinduja Group's IndusInd International Holding Ltd was the sole bidder. "Any further progress pursuant to the conduct of the…
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