The government on Thursday permitted traders to export 54,760 tonnes of onion to Bangladesh, Mauritius, Bahrain and Bhutan till March 31. “We have allowed export of 50,000 tonnes of onion to Bangladesh, 1,200 tonnes to Mauritius, 3,000 tonnes of Bahrain and 560 tonnes to Bhutan with immediate effect,” consumer affairs secretary Rohit Kumar Singh told PTI.
Posts tagged Rediff
Amul and Modi’s BIG dream! (22-02-2024)
Prime Minister Narendra Modi on Thursday appealed to farmers and other stakeholders associated with the cooperative sector to make GCMMF, which owns the ‘Amul’ brand, the world’s number one dairy company from its current eighth position. He was addressing nearly one lakh people, mostly cattle rearers and farmers, gathered at the Narendra Modi stadium in Motera area of Ahmedabad for the golden jubilee celebration of the Gujarat Cooperative Milk Marketing Federation (GCMMF).
Most of Capgemini’s investment in AI coming to India (22-02-2024)
A bulk of the Paris-headquartered IT major Capgemini’s proposed euro 2 billion investment over three years in artificial intelligence (AI) is coming to India, a top official of the company said here on Wednesday. The three areas where the European tech major is investing are talent acquisitions, talent reskilling and for partnerships and creating a centre of excellence (CoE). “We have announced we will be training 100,000 people by the first half of 2024.
IT, auto stocks push Sensex over 500 points (22-02-2024)
In the Sensex pack, HCLTech rose the maximum by 3.12 per cent, followed by ITC which gained 2.73 per cent and M and M went up 2.61 per cent. TCS climbed 2.44 per cent. Tech Mahindra, Wipro, L and T and Maruti were among the other major gainers.
PhonePe takes on Google, Apple with Indus Appstore (22-02-2024)
Fintech major PhonePe on Wednesday announced the launch of its homegrown Indus Appstore specifically for the Indian market, in a bid to compete with global incumbents like Google Play Store and Apple’s App Store. The Indus Appstore is PhonePe’s attempt at creating a more competitive and localised mobile app store economy for India, which is already the world’s largest market for mobile apps.
Committed to restructuring Byju’s board: Raveendran (22-02-2024)
Ahead of Friday’s extraordinary general meeting (EGM), Byju Raveendran, chief executive officer (CEO) of Byju’s, told shareholders that he is committed to restructuring the board of the embattled educational technology (edtech) firm. He also committed to appointing two non-executive directors to the board by the mutual consent of the founder and shareholders. The development comes at a time when a consortium of key shareholders, holding over 30 per cent stake in Byju’s, issued a notice to the embattled edtech firm this month, calling for an EGM to address “persistent issues”, including a proposed change of management at the firm.
ED upgrades Look out Circular against Byju Raveendran (22-02-2024)
The Enforcement Directorate has upgraded its Look out Circular (LC) issued against Byju’s founder and CEO Byju Raveendran in connection with a FEMA probe, seeking to stop him for going abroad. The earlier such alert meant that immigration authorities had to just intimate the agency about his movements through various ports. Official sources said that the over an year old LC was revised sometime back in light of investors’ concerns and ongoing adjudication of a FEMA contravention case against Raveendran and some others.
Paytm Crisis: StartUp Founders Take Note (22-02-2024)
Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.
D searches Hirandandani premises as part of FEMA probe (22-02-2024)
The Directorate of Enforcement (ED) is conducting searches at multiple premises of the Hiranandani Group in Mumbai on charges of violations under the Foreign Exchange Management Act (FEMA), according to sources.
Jefferies stays bullish on PSU stocks (22-02-2024)
Notwithstanding the recent sharp decline in the stocks of public sector companies, analysts at Jefferies remain bullish on this segment. State Bank of India, Coal India, and NTPC are their top picks in this space, they said in a recent note. The public sector undertaking (PSU) or state-owned enterprise (SOE) index, with a 70-percentage-point outperformance versus the National Stock Exchange Nifty50 over the past 12 months, comes after a decade of underperformance before 2020.