Karnataka IT minister Priyank Kharge has accused the central government of pressuring semiconductor companies to invest in Gujarat instead of Karnataka. Despite Karnataka’s strong ecosystem and policies, Kharge claims the state is being overlooked. He made these remarks while promoting the upcoming Bengaluru Tech Summit, scheduled for November 19-21.
Tata Motors – DVR (24-09-2024)
The biggest con was taxation on deemed dividend of 200 or so. For 35% bracket, effectively means I am paying 70 bucks for each on conversion from DVR to normal. That brings conversion ratio to 60%…
R Systems appoints Chief Technology Officer – Cloud, Cyber Security Services (24-09-2024)
With an extensive career spanning over three decades, Srikara brings with him a wealth of experience in cloud transformation, cyber defense strategies, and emerging technologies. He has built solutions across industries, including BFSI, Manufacturing, Healthcare and Hightech. Prior to joining R Systems, Srikara held the position of Senior Vice President and Practice Head for Cloud, Infrastructure and Cyber Security Services at Xoriant. His experience also includes holding leadership roles at Capgemini, Infosys Technologies, HTC, Microland and ABB.
Rupee ends weaker as outflows, importer bids halt six-day winning run (24-09-2024)
The pressure snapped the currency’s six-day winning streak which had lifted the currency by about 0.5%. On Monday, the rupee had touched an intraday high of 83.4350, its best level in nearly three months.
Srestha Finvest Ltd: A Strategic Shift Towards Green Finance and Sustainable financing (24-09-2024)
One big tick, Srestha is out of ESM (it was under ESM until last week or so) and trading in T2T. Good step…
Northern Arc Capital makes a healthy debut at the bourses. What should investors do? (24-09-2024)
Northern Arc Capital, a retail loan provider, made a decent debut with a 33% premium. Shares are currently trading 23% higher than the IPO price. The company has facilitated over Rs 1.73 lakh crore worth of financing but has concerns regarding negative cash flow and high debt-to-equity ratio.
Thangamayil Jewellery’s board to mull fundraise on 26 Sept’24 (24-09-2024)
Thangamayil Jewellery announced that its board will meet on September 26 to consider the proposal for raising of funds by issuance of various securities through permissible modes.