Author: Ansh Singh

New Delhi: As per reports, Investors may submit bids for a minimum of 126 equity shares and additional shares in multiples of 126 shares. The issue’s goals include paying in advance or repaying 880 crore of its outstanding debt, financing capital expenditure requirements totalling 865.75 crore for an LPG Terminal Project, 59.4 crore for building an electric sub-station, 103.88 crore for the purchase and installation of a dredger, and financing 151.04 crore for the proposed expansion at Mangalore Container Terminal, in addition to general corporate purposes. A port-related infrastructure firm called JSW Infrastructure received its debut shipment from the JSW Group…

New Delhi: The top 100 list of the World’s Best Companies of 2023, published by TIME Magazine and online data portal Statista, only includes Infosys, a significant provider of information technology. The top 3 companies on the list are Microsoft, Apple, and Alphabet (owner of Google), whereas India’s Infosys was rated 64th with an aggregate score of 88.38 out of 100. According to a new statistical ranking of 750 of the world’s best companies by Statista and TIME, Microsoft, Apple, Alphabet (the company that owns Google), and Meta Platforms (formerly Facebook) were the top four businesses. The ranking was based…

New Delhi: One of the best investors in the Indian market is veteran, investor, and entrepreneur Radha Kishan Damani. He is the creator of DMart and the force behind India’s most coveted chain of stores. One of the select few millionaires who worked their way up to success by opening up 234 DMart locations around the nation. He held positions as a broker and investor in the stock market prior to founding his own company. Damani, who is enthusiastic about trading and investment, criticised the idea of achievement through education and credentials. He ranks as the 98th richest person in…

New Delhi: After two significant trades on Monday, shares of Indian Overseas Bank Ltd. rose to an eight-year high. Bloomberg data shows that at least 12 lakh shares, or 0.01% of the stock, were traded in a significant transaction at Rs 45.50 a share. At Rs 45.65 a share, another 11 lakh shares, or 0.01% of the equity, were traded. Shares of the bank rose as much as 18.99%, the most elevated level since April 2015, sometime recently paring gains to exchange 16.46% higher at 11:15 am. This compares to a 0.08% decline within the NSE Clever 50. The stock has…

New Delhi: The developer of video game software Unity Technologies has made the decision to shut down two of its locations and postpone a town hall meeting. The corporation has taken this extraordinary move in response to what it has determined to be a serious death threat. The warning came after Unity’s recently contentious move to alter its pricing structure, which infuriated the game industry. Previously, Unity was seen as the video game industry’s saviour. It offered an engine or foundation for several games rather than just one and was comparatively simple to operate. Some gaming firms, particularly in Japan,…

New Delhi: Elon Musk’s billionaire brain-chip business, Neuralink, has been given approval to begin its first human study. The clinical research will concentrate on individuals who have cervical spinal cord injuries or amyotrophic lateral sclerosis (ALS)-related paralysis. Despite the fact that the precise number of competitors is yet unknown, the announcement was made on September 19. According to reports, people with amyotrophic lateral sclerosis (ALS) or neck injuries who are paralyzed may participate in the clinical study for a brain implant. The purpose of the research is to evaluate the implant’s effectiveness and safety in enabling users to mentally manipulate…

New Delhi: This function will allow companies and consumers to test ChatGPT-style technologies without transferring sensitive data from their own computers, as Intel was planned to demonstrate during a software developer conference hosted in Silicon Valley. It is made feasible by improved data-crunching capabilities for Al that are included in Intel’s next “Meteor Lake” laptop processor and by new software tools that the firm is providing. According to Intel CEO Pat Gelsinger, during the opening keynote of the Intel Innovation conference in San Jose, California, the new Intel processors, code-named Meteor Lake, are expected to be the company’s first chips…

New Delhi: After the company put an end to the manufacture of bias off-the-road (OTR) tyres at its manufacturing facility in Limda, Gujarat, shares of Apollo Tyres Limited dropped more than 2% to Rs 369 in early trade on September 21. The suspension is the result of worries from shop floor workers over the extension of a long-term settlement deal. In an exchange filing, the business said that the production of bias and OTR tyres at its facility in Limda, Gujarat, had been halted because shop floor workers had certain reservations about the renewal of the long-term settlement agreement. Apollo Tyres said that…

New Delhi: According to Central Bank Executive Director Ajay Kumar Choudhary, the Reserve Bank of India (RBI) is set to start a pilot programme for Central Bank Digital Currency (CBDC) in October for use in transactions for call money market or interbank borrowing. In November of last year, a pilot programme for the wholesale CBDC, also known as the Digital Rupee-Wholesale (e-W), was started. The use case at the time was restricted to the settlement of secondary market transactions involving government securities. On December 1, the retail CBDC pilot programme commenced. Speaking at the RBI’s Innovation Pavillion, which is located…

New Delhi: Google announced it will fire hundreds of staff members who helped with hiring and recruiting new employees as Silicon Valley continues its cost-cutting initiatives. Although it is not thought that the employment would be reduced significantly, other departments within the business may opt to do so. Sundar Pichai, the CEO of Google, has been encouraging staff members to decrease costs and increase efficiency for more than a year. Google said in January that it was eliminating 12,000 employees, or 6% of its workforce, following competitors like Amazon and Meta. These were the first large layoffs in the history…