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Japan's Rakuten best on Open RAN, Gen AI solutions for India growth

India, as well as other global markets, continue to offer opportunities and revenue potential with the solution offering cost savings, says India CEO Sunil Gopinath

21 Nov 2024 2:09 pm
Apple iPhone maker Foxconn's recruiters nix bar on married woman after outrage

Foxconn, a key Apple iPhone supplier, has revised its hiring advertisements for its India-based iPhone plant, removing restrictions that previously excluded married women.

21 Nov 2024 1:48 pm
Adani Group refutes allegations of bribery by US authorities, cites DOJ's presumed innocent stance

Referencing the U.S. Department of Justice's own stance, the group emphasized that the charges are merely allegations.

21 Nov 2024 1:31 pm
Chinese overcapacity is crushing the global steel industry

Governments are stepping in to protect local producers

21 Nov 2024 12:34 pm
Turkey to Pivot Toward Interest-Rate Cut After One More Hold

Turkeys central bank will probably hold its main interest rate for an eighth straight month this week, though policymakers could indicate the start of an easing cycle as soon as December.

21 Nov 2024 12:09 pm
Egypt to Keep Record-High Rate With Eye on Fuel Hike, IMF Review

Egypt is poised to keep interest rates at a record high as it awaits the full inflationary impact of a fuel-price hike and the completion of a key International Monetary Fund review.

21 Nov 2024 11:55 am
Off the record chats, messages copied to lawyer: How Google guided employees to dodge antitrust suits for 15 years

Google's 2008 memo urged employees to avoid careless comments amid antitrust scrutiny, leading to a 15-year initiative for internal communication deletion. The company has since faced multiple legal challenges while attempting to mitigate risks associated with employee communications.

21 Nov 2024 11:20 am
Tiger Global-backed Moglix to boost sustainable packaging biz with 80-crore buy

Moglix started its packaging business nearly five years ago and is among the largest in the enterprise e-commerce space.

21 Nov 2024 10:57 am
Romanian Ultra-Nationalist Presidential Hopeful Vows to End Military Aid to Kyiv

Romanias ultra-nationalist party leader, whose popularity has propelled him to No. 2 in the polls ahead of the countrys presidential election, said he would halt military aid to Ukraine if he gets the top job.

21 Nov 2024 10:53 am
Asian Stocks Fall on Nvidia, GeopoliticalRisks: Markets Wrap

Asian equities slipped, reflecting macroeconomic concerns and a muted mood on Wall Street triggered by Nvidia Corp.s lackluster revenue forecast.

21 Nov 2024 10:38 am
From Barcelona beaches to Montjuc Castle: Chennais Casagrand sends 1,000 employees on dream all-paid Spain trip

Chennai's real estate firm Casagrand is sending 1,000 employees on an all-expenses-paid week-long trip to Barcelona, celebrating their dedication and teamwork. This initiative is part of the annual Profit-share Bonanza program

21 Nov 2024 10:17 am
Elon Musks first buddy role: Tesla CEO joins Trump, Googles Sundar Pichai on call, strengthens political ties

Elon Musks influence in politics is under the spotlight again as reports suggest he was present during a call between President-elect Donald Trump and Google CEO Sundar Pichai.

21 Nov 2024 10:04 am
Mint Explainer: What is the US indictment of Gautam Adani all about?

The indictment raises questions about corporate governance, investor confidence, and the ripple effects on Adani's global ambitions

21 Nov 2024 9:26 am
Nvidia's supply snags hurting deliveries but mask booming demand

NVIDIA-RESULTS-SUPPLY:Nvidia's supply snags hurting deliveries but mask booming demand

21 Nov 2024 8:09 am
Ford to slash 4,000 jobs in Europe as dip in EV sales, subsidized Chinese rivals, scanty govt sops pose roadblocks

Ford Motor Co. plans to cut 4,000 jobs across Europe by 2027 as the company struggles with weak electric vehicle (EV) sales, increasing competition, and insufficient government incentives.

21 Nov 2024 8:01 am
Adani to buy PSP projects stake to boost construction arm

Adani Infra is set to acquire a 30.07% stake in PSP Projects for 6.85 billion rupees, marking its second acquisition in a month. The deal aims to strengthen Adani's construction capabilities amid plans for a $100 billion investment in infrastructure

21 Nov 2024 6:23 am
Nvidia Says New Chip Remains on Track After Forecast Disappoints

Nvidia Corp. assured investors that its new product lineup can maintain the companys AI-fueled growth run, though the rush to get the chips out the door is proving more costly than expected.

21 Nov 2024 6:22 am
Companies News Today Live Updates on November 21, 2024: US Securities and Exchange Commission charges billionaire Gautam Adani with alleged bribery and fraud: Report

Companies News Today Live Updates on November 21, 2024: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

21 Nov 2024 5:30 am
Piramal unfazed even as Trump return may fuel uncertainty in its biggest market

Trumps second inning is likely to spell uncertainty for pharma companies, says Nandini Piramal, referring to his plan to impose import tariffs to make American industry stronger.

21 Nov 2024 5:30 am
Steelmakers warn of Q3 revenue drop, pin hopes on Q4 rebound

Facing pressure from falling prices and surging imports, Indias top steelmakers expect revenues to drop further in Q3, hoping cost relief and demand recovery will drive a Q4 rebound

21 Nov 2024 5:30 am
VIP Industries revives sale talks

VIP has grown both organically and inorganically, over the years..VIP acquired the London-based Carlton in 2004 and merged with Aristocrat Luggage Ltd in 2007.

21 Nov 2024 5:30 am
State-run EESL plans to sell its 49% stake in IntelliSmart

IntelliSmart was formed in 2019 with an aim to finance and operate the smart meter rollout of power distribution companies

21 Nov 2024 5:30 am
Mint Primer: Why Karnataka is placing its bets on a GCC gold rush

Bengaluru is home to the largest number of global capability centres (GCCs) in India. This week, Karnataka became the first state to launch a GCC policy. The idea is to take this momentum to other cities in the southern state that is a tech hub. Mint explains how it will work:

21 Nov 2024 5:00 am
Hasbros Gamer CEO Focuses on Play After Film Business Sale

Hasbro Inc. Chief Executive Officer Chris Cocks couldnt hide his disappointment when he opened two packs of his companys Magic: The Gathering playing cards at a board-game caf in New York.

21 Nov 2024 2:44 am
Zomato delists 'fraud' single-dish restaurant after social media users suspect shady business practices

Zomato has delisted potentially fraudulent restaurants from its platform after noticing conversations about these entities amongst social media users, according to the company's post on platform X on Wednesday. 

20 Nov 2024 11:33 pm
Ford Motor to lay off 14% of Europe employees amid weak EV demand and tough Chinese competition

Ford will cut 4,000 jobs, nearly 2.3 per cent of its total workforce of 174,000, primarily in Germany and Britain, to reduce costs as the industry faces challenges like EVs being too expensive for consumers to buy. The company said the layoffs would happen by the end of 2027, reported Reuters. 

20 Nov 2024 10:54 pm
Apple India revenue rises 36% to 67,122 crore in FY24, driven by iPhone sales

For FY25, iPhones are expected to generate nearly $11 billion in sales for Apple India with Mac, iPad, wearables and services likely to bring in another $4-6 billion and setting the company on road to a new annual revenue milestone in the country.

20 Nov 2024 10:00 pm
NTPC in talks to sell green hydrogen to Japan's Toyo Engg, Norway's Getek

Apart from these two firms, talks are on with Australian mining major Fortescue, too. 

20 Nov 2024 8:47 pm
Adani mulls surrender of 5G spectrum after more than 2 years of purchase

Adani Data Networks, a subsidiary of Adani Enterprises, which bought 5G spectrum in the 26 GHz band in the 2022 auctions is mulling surrendering the airwaves after more than two years of not putting them to use.

20 Nov 2024 8:29 pm
Surrogate advertising via CSR route under CCPAs scrutiny

In response to misleading promotions under CSR, the CCPA is drafting guidelines to define surrogate advertising and prescribe penalties. Companies must prove new products are genuinely available to avoid indirect promotion of banned goods, while genuine brand extensions will remain permissible.

20 Nov 2024 8:27 pm
After lip-smacking Swiggy IPO, Prosus prepares for its next hit

Ashutosh Sharma, the head of Prosus in India, visits his hometown, Bareilly, twice a year. Bareillys bazaars are known for their zari zardozi embroidery work. They can also be enriching for investorswhat Sharma learns can shape Prosus investment thesis.

20 Nov 2024 7:38 pm
Zomato CEO Deepinder Goyal looking for Chief of Staff: Will have to pay 20 lakh fee, no salary for first year

Zomato's Chief Executive Officer Deepinder Goyal opens a new job role for a Chief of Staff at Zomato. The eligibility criteria will be the candidate has to pay 20 lakh as an opportunity fee, which the company promises to donate to charity along with their own contribution of 50 lakh.

20 Nov 2024 7:11 pm
Frooti maker faces 12% revenue drop amidst tax hike challenges

The decrease in revenues and profits for Parle Agro Pvt. Ltd in FY2023-24 was due to significant tax policy changes as Appy Fizz faced a drastic fourfold GST increase, to 40% from 12%. This tax hike considerably impacted Parle Agro's pricing strategy, it said. 

20 Nov 2024 6:50 pm
Work-life balance is incredibly important: Wipro Chairman Rishad Premji stresses importance of work-life balance

Wipro's executive chairman, Rishad Premji, endorsed the importance of work-life balance, highlighting that one has to define it for oneself, as organizations will never work at it for them. 

20 Nov 2024 6:07 pm
Smart TVs are becoming India's hottest content hub. But where are the sponsors?

Several Indian creators have released high-quality shows of late to cater to the growing number of smart TV owners. But in the absence of sponsors, many have struggled to recoup their investments. Will the rapid growth of smart TVs help attract more brands and jump-start the creator ecosystem?

20 Nov 2024 5:31 pm
Symbiosis Law Admission Test 2025 Registration Closes on November 22, 2024; Begin Your Law Journey with SIU

New Delhi [India], November 20: Symbiosis International (Deemed University) (SIU) has announced the last date of registration for the 2025 Symbiosis Law Admission Test (SLAT), the premier entrance exam for its renowned law programmes. With thousands of candidates vying for a place at one of India's best law schools, ensure your chance to secure 300 seats in this competitive programme. The SLAT test is scheduled for December 13 (Friday) and December 15 (Sunday), 2024 -- marking a significant chan

20 Nov 2024 2:35 pm
Bharti Airtel grants Nokia multi-billion 4G and 5G network expansion deal; aims to strengthen capacity and coverage

On Wednesday, Telecom major Bharti Airtel announced that it has awarded the Finnish telecom technology company Nokia a multi billion contract to expand the 4G and 5G network, according to a BSE filing.

20 Nov 2024 2:24 pm
Is blockbuster pricing a box office booster or deterrent for films released during big festivals?

Multiplex chains assert that higher rates enhance box office success. Critics highlight potential footfall increases with lower prices. Concerns about affordability persist, especially for families in smaller towns facing steep ticket costs.

20 Nov 2024 2:21 pm
Appreciate Unveils State-Of-The-Art AI-ML Based Investing Tool - Trading Signals - For Investors

Appreciate Unveils State-Of-The-Art AI-ML Based Investing Tool - Trading Signals - For Investors

20 Nov 2024 2:04 pm
Relief for Airtel, Vodafone, Tata Tele as Supreme Court grants Cenvat credit on infra items

The Supreme Court overturned a Bombay HC ruling which had classified these items as non-capital goods, and upheld a 2018 Delhi high court deicsion that had favoured telecom companies

20 Nov 2024 1:11 pm
Booking.com surpasses biggest competitor in alternative accommodation with strong growth in 13 of past 14 quarters

Booking Holdings, the parent company of Booking.com and Agoda.com, said its alternative accommodation sector outpaces competitors like Airbnb. With over 3.9 million properties, the company is not only expanding its offerings but also enhancing traveller experiences through innovative technology.

20 Nov 2024 1:10 pm
Zomato CEO Deepinder Goyal's advice to Swiggy after IPO, Competent people can't recognise they are complacent, don't

Swiggy's IPO created many new millionaires among its employees, but Zomato CEO Deepinder Goyal warned of complacency following financial success and emphasised the need for continuous growth and innovation.

20 Nov 2024 1:03 pm
India Inc's Q2 has been tepid. Is a recovery in sight?

A subdued September quarter, marked by revenue slowdown and high-cost pressures, has dampened sentiment. Yet, analysts remain optimistic about a second-half turnaround.

20 Nov 2024 12:41 pm
Secure Financial Planning with changing Life Stages - Build a secure future with this LIC Agent in Kolkata

New Delhi [India], November 20: Kolkata, India's cultural capital, has a strong relationship with the Life Insurance Corporation of India (LIC), a trusted name in the insurance industry. LIC, India's largest insurance provider, has been a crucial financial security provider for families in Kolkata and West Bengal since its inception. Offering a range of products, including life insurance policies and investment plans, LIC has proven itself as a reliable partner in financial planning, protecting

20 Nov 2024 11:18 am
Supermicro Showcases Largest Portfolio of HPC-Optimized Multi-Node Systems at SuperComputing 2024

San Jose (California)/ Atlanta (Georgia) [US], November 20: Supercomputing Conference -- Supermicro, Inc. (NASDAQ: SMCI) a Total IT Solution Provider for AI/ML, HPC, Cloud, Storage, and 5G/Edge, is showcasing its latest high-compute-density multi-node solutions which are optimized for high intensity HPC workloads. These systems include the innovative liquid-cooled FlexTwin 2U 4-node purpose-built HPC architecture and the industry leading SuperBlade with up to 20 nodes in a 6U or an 8U chassis wi

20 Nov 2024 11:01 am
Dollar Rally Hits Choppy Waters as Two-Way Trading Returns

Some key market metrics are starting to suggest the Trump-inspired rally in the dollar may have plateaued, as bullishness fueled by the US election wanes.

20 Nov 2024 8:13 am
Jaguar reveals new logo and branding, but netizens complain go back, Elon Musk asks do you sell cars?

Jaguar plans to launch three new electric cars in 2026, focusing on reinventing its brand. A new logo and concept car will debut at Miami Art Week, aiming to change perceptions of the luxury brand as it transitions to fully electric models.

20 Nov 2024 6:40 am
Bank Holiday today: Are banks closed on November 20 for Maharashtra assembly elections 2024?

Bank Holiday today: Are banks closed on November 20 for Maharashtra assembly elections 2024? Find here

20 Nov 2024 6:39 am
Companies News Today Live Updates on November 20, 2024: Adani to Invest $2 billion to set up International Convention Centre, takes on Jio World

Companies News Today Live Updates on November 20, 2024: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

20 Nov 2024 6:13 am
Govt discussing a 5-year plan to develop Indias tourism potential

The dates and announcement timelines of the schemes roll-out and campaign launch are still being discussed..The plan, which is being deliberated at various levels and departments of the government including the tourism ministry, aims to achieve its targets by 2029-30.

20 Nov 2024 5:30 am