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Anil Ambani's son Jai Anmol Ambani slapped with 1 crore fine by Sebi

Published on Sep 24, 2024 08:29 AM IST

Jai Anmol Ambani faced a ₹1 crore penalty from Sebi for alleged irregularities in Reliance Home Finance, including approving ₹40 crore in unsecured loans.

The Securities and Exchange Board of India fined Jai Anmol Ambani <span class='webrupee'>₹</span>1 crore for irregularities in Reliance Home Finance, alleging he approved <span class='webrupee'>₹</span>40 crore in unsecured loans. Sebi asserted he misrepresented his involvement in the company’s operations.
By | Edited by

Business News highlights Today September 24, 2024: Sam Altman says superintelligence is coming: ‘Going to get so good, so soon’

Business News highlights Today: Get real-time updates on the biggest news from the world of business, stock market and more.

Latest news on September 24, 2024: Sam Altman, CEO of OpenAI, believes superintelligence could emerge in a few thousand days, significantly enhancing human abilities and enabling scientific advancements. He highlights AI's role in solving complex challenges and improving societal intelligence, transforming what is possible for humanity.(Reuters)
Updated on Sep 24, 2024 03:30 PM IST

China cuts key interest rate to hit year’s growth target of around 5%

China's central bank announced measures to support the economy, including cutting interest rates and lowering mortgage rates.

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China. (Reuters)
Published on Sep 24, 2024 08:15 AM IST
Bloomberg |

Nirmala Sitharaman to attend AIIB annual meet in Uzbekistan

Nirmala Sitharaman will attend the ninth annual meeting of Board of Governors of AIIB, where she will attend as the Indian Governor to the AIIB

Union finance minister Nirmala Sitharaman Sitharaman is also expected to call on Shavkat Mirziyoyev, President of Uzbekistan, during her visit. (FILE PHOTO/Nirmala Sitharaman Office-X)
Updated on Sep 23, 2024 08:35 PM IST

These are top 5 global destinations for wealthy seeking citizenship via property

Portugal is projected to be the ninth most popular destination for relocating millionaires in 2024, with over one million foreign residents in 2023.

Portugal's climate, cultural heritage, and stable economy attract centi-millionaires. The country offers a pathway to citizenship after five years with minimal residency requirements, enhancing its appeal for global investors.
Published on Sep 23, 2024 03:50 PM IST

Jefferies adores Indian markets right now: Will give best long-term returns

A Jefferies report highlights India's long-term attractiveness for growth-oriented investors despite high valuations.

Jefferies reports that Indian equities offer strong long-term returns for growth-focused investors, despite high valuations. Resilience to tax hikes and rising mutual fund assets, particularly through Systematic Investment Plans, underscore India's potential as a promising market for long-term investments.(Reuters)
Updated on Sep 23, 2024 03:04 PM IST
ANI |

Alaska Airlines reports IT outage, disruption in Seattle

Alaska Airlines faced IT outage causing delayed flights and a two-hour ground stop in Seattle. Although issue has been resolved, residual impacts are expected.

An Alaska Airlines Boeing 737 Max 9 awaits inspection at the airline's hangar at Seattle-Tacoma International Airport.(AP)
Published on Sep 23, 2024 02:31 PM IST
Reuters |

EPFO reports highest monthly payroll additions in July 2024

EPFO reported a record monthly payroll addition of 19.94 lakh in July 2024, showcasing the impact of government initiatives on job creation.

The EPFO data indicates that of the new additions, 10.52 lakh are first-time employees, marking a 2.66 per cent increase over June 2024 and a 2.43 per cent rise compared to July 2023.
Published on Sep 23, 2024 02:07 PM IST
ANI |

OpenAI's Sam Altman on taking risks: ‘Traditional careers may not work anymore’

Sam Altman, OpenAI CEO, emphasizes taking risks in career choices, advocating for unconventional paths over traditional routes.

OpenAI CEO Sam Altman said that he believes regret from untried opportunities can hinder long-term satisfaction, especially as AI disrupts established career norms.(AFP)
Published on Sep 23, 2024 01:20 PM IST
By | Edited by

Why Facebook could not compete with Google? Ex-ad chief explains

Meta entered a deal with Google in 2018 after realizing it couldn't compete with Google's ad tech monopoly, former Facebook executive Brian Boland said.

A 3D printed Facebook's new rebrand logo Meta is seen in front of displayed Google logo in this illustration.(Reuters)
Published on Sep 23, 2024 12:28 PM IST
Bloomberg |

India's August Russian oil imports slip 18% from July, tanker data show

INDIA-RUSSIA/OIL (PIX):India's August Russian oil imports slip 18% from July, tanker data show

India's August Russian oil imports slip 18% from July, tanker data show
Updated on Sep 23, 2024 12:18 PM IST
Reuters |

Xiaomi asks India to recall antitrust report on Walmart's Flipkart: Report

Xiaomi has requested India's antitrust body to retract its report on competition law violations involving Flipkart, claiming it includes sensitive information.

Visitors walk past a Xiaomi logo at the Beijing International Automotive Exhibition.(Reuters)
Updated on Sep 23, 2024 12:32 PM IST
Reuters |

Nvidia's Jensen Huang effusively praises ‘incredible student’ PM Modi

Nvidia CEO Jensen Huang emphasized India's potential in AI during a meeting with PM Modi in New York, highlighting India's thriving startup economy.

Jensen Huang, co-founder and chief executive officer of Nvidia Corp, after meeting PM Modi, highlighted India's opportunity in AI, its talented workforce, and the importance of partnerships in advancing the country’s growing startup economy and AI infrastructure.(Bloomberg)
Published on Sep 23, 2024 11:18 AM IST

India's September business growth at nine-month low as demand eases, PMI shows

India's business activity growth slows to a nine-month low in September amid cooling demand and rising costs.

In September, India's business activity growth dipped to a nine-month low amid cooling demand and rising costs. The Composite PMI decreased to 59.3, but employment in the services sector surged, reflecting a positive business outlook despite rising input costs.
Published on Sep 23, 2024 10:56 AM IST
Reuters |

Gold Rate Today 23-09-2024: Check latest prices in your city

Gold And Silver rates Today: The price of 10 gm of 24 carat gold is Rs. 76093.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 96000.0/Kg in Delhi.

Gold silver image
Published on Sep 23, 2024 10:15 AM IST

Sundar Pichai praises PM Modi's ‘clear vision’ for AI in India

Prime Minister Modi engaged with tech leaders, including Sundar Pichai and Jensen Huang, during his US visit, discussing India's potential and AI opportunities.

Sundar Pichai, CEO of Google and Alphabet, is seen. Sundar Pichai emphasized PM Modi's challenge to leverage AI for India's benefit and highlighted Google's commitment to AI investments in the country.(Reuters)
Updated on Sep 23, 2024 10:09 AM IST

Edelweiss' Radhika Gupta explains why you need 'dal chawal' mutual funds

Radhika Gupta recommends investors adopt an 80-20 portfolio strategy, with 80% in stable 'dal chawal' funds and 20% in thematic options.

Edelweiss MF CEO Radhika Gupta emphasizes the importance of a balanced investment approach as capital markets evolve.(Instagram/@iamradhikagupta)
Published on Sep 23, 2024 09:50 AM IST
By | Edited by

India's Nifty, Sensex outperform all global markets except only Wall Street

India's NSE Nifty and BSE Sensex are among the top-performing indexes globally, with gains of 18.7% and 17% in 2024, trailing only Nasdaq and S&P 500.

Domestic investors have significantly contributed to the rally, but analysts caution that inflows are unsustainably high, prompting a cautious near-term outlook.(HT photo)
Published on Sep 23, 2024 09:40 AM IST
Reuters |

Nifty tops 25,900, Sensex at fresh record high

Indian indices opened higher on September 23, with Nifty above 25,900 and Sensex at a record peak.

Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters)
Published on Sep 23, 2024 09:29 AM IST

China's central bank injects cash, lowers 14-day reverse repo rate

China's central bank injected 234.6 billion yuan into the banking system, marking its first 14-day cash supply in months.

FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China. (Reuters)
Published on Sep 23, 2024 09:09 AM IST
Reuters |

Gold steady near record high. Will yellow metal continue to shine this week?

Gold remains near record levels, trading at $2,621.11 an ounce amid expectations of further Federal Reserve rate cuts.

Economic data later this week could influence monetary policy, while tensions in the Middle East are heightening gold's appeal as a safe haven.
Updated on Sep 23, 2024 08:30 AM IST
Bloomberg |

Airport lounge access disrupted as Dreamfolks suspends services: Adani Airports

Adani Airport Holdings said passengers at airports across the country experienced disruptions in lounge access, since Dreamfolks abruptly suspended services

An Adani group sign stands outside Chatrapati Shivaji Mumbai International Airport in Mumbai on July 28, 2021. (Indranil Mukherjee/AFP)
Published on Sep 22, 2024 04:59 PM IST
PTI |

India to clock 7% growth in FY25 despite headwinds, Deloitte South Asia CEO says

Shetty, the youngest CEO of a Big Four firm in India, said inflation is reasonably under control, rural demand has picked up, and vehicle sales are improving

According to Deloitte projections, growth is likely to be 6.7 per cent in the next fiscal year (2025-26). The Indian economy grew 8.2 per cent in the previous fiscal year -- 2023-24. (Representational Image/Pixabay)
Published on Sep 22, 2024 04:22 PM IST
PTI |

Apple iPhone 16 Pro Max, Android’s newfangled motivation, is an operative genius

There’s generational substance, such as the battery stamina, and camera toolset, all with lighter price tags than before. Android phone makers will inevitably draw inspiration. And then, Apple Intelligence arrives

Before Apple Intelligence arrives, you’ll have time to appreciate improvements the latest iPhone Pro range imbibes. (Vishal Mathur / HT Photo)
Updated on Sep 22, 2024 02:10 PM IST

India probing Netflix for visa violations, racial discrimination: Report

India is investigating Netflix's local operations for visa violations and racial discrimination, as revealed in a government email.

A man stands next to a logo of Netflix during an event in Mumbai, India.(Reuters)
Published on Sep 22, 2024 02:02 PM IST
Reuters |

Coldplay India Tour 2025 adds another day: Check new date, ticket price, details

British band Coldplay has added a third date for their India performance at Navi Mumbai's DY Patil Stadium due to “phenomenal demand”

Singer Chris Martin and his British rock band Coldplay will be back in Indian in January.(AFP)
Updated on Sep 22, 2024 02:01 PM IST

Coldplay Mumbai concert almost sold out within an hour amid BookMyShow glitches

Tickets for British Band Coldplay are almost sold out on BookMyShow after bookings opened up at 12 pm IST today

Coldplay two Mumbai shows will happen in January 2025.(AFP)
Updated on Sep 22, 2024 01:41 PM IST

Are you in the Coldplay queue? A step by step guide on what to do next

Coldplay is set to perform in Mumbai in January 2025 as part of the Music of the Spheres World Tour, having last performed nine years ago in 2016

British band Coldplay is finally returning to India after nine years and is set to perform at the DY Patil Stadium in Mumbai on Saturday, January 18 and Sunday, January 19 next year.
Published on Sep 22, 2024 12:55 PM IST

Elon Musk decides to comply with Brazil's legal orders to end month-long clash

Elon Musk backed down and decided to comply with court orders in Brazil, to end a month-long clash that led to million-dollar fines and the banning of X there

In April, Musk pledged to defy orders from Moraes, who is spearheading a judicial campaign against hate speech and fake news, to suspend certain accounts in the country
Published on Sep 22, 2024 12:31 PM IST
Bloomberg |

BookMyShow crashes after Coldplay India 2025 bookings start

BookMyShow's website and mobile application crashed right after the booking for British band Coldplay's India performance started

BookMyShow crashes
Updated on Sep 22, 2024 01:55 PM IST
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