India Archives - Page 5 of 38 -

30 Nov

Gautam Adani back among top 20 billionaires

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Billionaire Gautam Adani is back in the league of the world's 20 richest people after a recent surge in the group company's shares. Adani is now ranked 19th on the Bloomberg Billionaires Index with a net worth of $66.7 billion as of 29 November. Adani Group stocks added over Rs 1.34 lakh crore to investors' wealth on Tuesday. While the group's market capitalization lost some gains on Wednesday, the rise lifted Adani into the top 20. Shares of Adani group companies rose after the Supreme Court upheld its confidence in SEBI's probe into the Hindenburg allegations. The top court, while…

29 Nov

Adani Total Gas launches green hydrogen blending project

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

To assess the viability of green hydrogen as an alternative energy source for city gas distribution (CGD) customers, Adani Total Gas Limited (ATGL) on Tuesday announced the launch of its green hydrogen blending project in Ahmedabad. The pilot project will mix green hydrogen with natural gas for at least 4,000 home and commercial PNG customers in the city. Green hydrogen will be produced using water electrolysis with electricity produced by renewable energy. The hydrogen mixture is less carbon intensive than the burning gas but has the same heating capacity. The project is expected to be operational by the first quarter…

28 Nov

iPhone maker Foxconn plans to invest $1.6 billion in India

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

iPhone maker Hon Hai Precision Industry Co. It plans to expand its footprint in India by investing another NT$50 billion ($1.6 billion) in construction projects.The announcement, made in an exchange filing in Taiwan late on Monday, gave no further details, saying only that the investment was "for operational needs". A company spokesman declined to say where the new facility would be or what they would build. Hon Hai, also known as Foxconn, and other Taiwanese electronics makers continue to diversify their businesses outside of China as tensions rise between Washington and Beijing.

28 Nov

Black Friday shoppers spent a record $9.8 billion in U.S. online sales

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Black Friday generated a record $9.8 billion in U.S. online sales, up 7.5% from a year earlier. According to Adobe Analytics, mobile shopping has created $5.3 billion in online sales. Black Friday's best-selling categories were electronics such as smartwatches and televisions, as well as toys and gaming, CNBC reports.Vivek Pandya, a chief analyst at Adobe Digital Insights, was quoted as saying, "We have seen the emergence of very strategic consumers in the last one year where they are really trying to take advantage of these marquee days so that they can get the maximum discounts. Pandya noted that influencer and…

27 Nov

Passenger finds seat cushion missing on Pune-Nagpur IndiGo flight

Priyanka Bhowmick0 CommentsIndiaBusiness, India

A passenger on an IndiGo flight from Pune to Nagpur was shocked when he reached her seat, only to find half of his cushion missing. The passenger, Sagarika Patnaik – a resident of Nagpur — was traveling for work on IndiGo flight 6E6798 early on Sunday morning. Sagarika's husband, Subrata Patnaik, told TOI that his wife was allotted a window seat, Number 10A. "Once she reached her seat, she was shocked to find the cushion missing," her husband said. Sagarika raised the matter with a cabin crew member, who in reply asked her to look at the cushion under the…

25 Nov

Indigo to start flight operations from Noida Airport

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

IndiGo will be the first airline at Noida International Airport (NIA) which is slated to be launched by the end of next year. The two signed a memorandum of understanding on Friday "to develop air connectivity to UP and beyond." The NIA is also in talks with both Indian and foreign airlines and they will work there as well. NIA CEO Christoph Schnellmann said: “The partnership between NIA and IndiGo will not only help strengthen air connectivity but also ensure an exceptional customer experience for our customers alike.by leveraging IndiGo's extensive route network and expertise, we aim to provide our…

24 Nov

JSW Steel completes ₹750-cr investment in group’s paint business

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

JSW Steel has successfully completed the final phase of a ₹750 crore strategic investment in JSW Paints, the Indian steelmaker announced on Thursday. The expansion plan of JSW Paints was planned to be invested in 3-4 installments over the last three years. JSW Group's flagship company, announced an investment of ₹750 crore in JSW Paints in July 2021. The company invested ₹300 crore in its first installment in 2021 in JSW Paints. On November 22, it made the final installment of ₹75 crore to complete its strategic investment. "We would now like to inform you that with the last phase…

24 Nov

Taj Group data breach exposes 1.5 mn guests’ info on dark web for $5000

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

The Tata-owned Taj Hotels Group suffered a data breach that exposed the information of more than 1.5 million customers, a news report said. According to a report by CNBC-TV18, a bad actor going by the handle, "Dnacookies" demanded $5,000 (roughly Rs. 4.16 lakh) as ransom for the entire dataset. This apparently includes addresses, membership IDs, mobile numbers and other personally identifiable information, according to sources close to the publication. "We have been made aware that someone is claiming possession of a limited customer data set, which is non-sensitive in nature," a spokesperson for Indian Hotels Company Limited (IHCL), which runs…

23 Nov

Instagram now lets users download Reels globally

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

In a recent announcement, Instagram CEO Adam Mosseri revealed that users around the world can now download Instagram reels directly to their camera roll from public accounts. The feature, initially launched in the US in June, has gone through beta testing and is now available for iOS and Android users. The feature is similar to the download functionality available on TikTok, which gives users access to the download option under the share button. To protect the original creator's work, downloaded reels are further saved in the device's gallery, watermarked with the original poster's Instagram username. The update applies universally to…

22 Nov

ED slaps over Rs 9,300 crore FEMA notice against BYJU’s

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

The Enforcement Directorate (ED) said on Tuesday that the adjudicating authority under the Foreign Exchange Management Act (FEMA) has issued a show-cause notice to BYJUS's parent company Think and Learn Pvt Ltd and CEO Byju Raveendran based on the complaint. 9,362.35 crore of FEMA has been booked against them. The agency said it has initiated an investigation based on various complaints regarding foreign investment received by companies such as M/s Think and Learn Pvt Ltd and the firm's business conduct. "The company was also said to have made substantial foreign remittances outside India and investments abroad, which allegedly violated the…