‘India’s edtech and start-up story will be in danger.’
Posts tagged Rediff
Vedanta: Thoothukudi’s restart plans on fast track (22-06-2023)
Anil Agarwal-led Vedanta’s Sterlite Copper has come out with a fresh notification inviting expressions of interest (EoIs) to supply raw materials like copper concentrate, imported thermal coal, rock phosphate and petroleum products, among others, as part of its preparatory measures to restart production at its Thoothukudi unit in Tamil Nadu. This plant is likely to restart operations if a Supreme Court verdict goes in favour of the company. On June 12, the company had invited EoIs for carrying out plant ‘restart activities’.
‘Amul girl’ creator Sylvester daCunha passes away (21-06-2023)
Advertising industry veteran Sylvester daCunha, the creator of the iconic ‘Amul Girl’ campaign that started in the 1960s, has died, the Gujarat-based milk cooperative that owns the dairy brand said on Wednesday. “Very sorry to inform about the sad demise of Shri Sylvester daCunha, chairman of daCunha Communications last night (Tuesday) at Mumbai,” said Jayen Mehta, managing director of Gujarat Co-operative Milk Marketing Federation (GCMMF).
Amazon accepts Rs 2K notes to top up customers’ wallet (21-06-2023)
Amazon customers can now use their Rs 2,000 notes to top up their Amazon Pay balances during cash-on-delivery orders, as it offers a doorstep solution to ease the stress of exchanging such currency. Customers can deposit cash of up to Rs 50,000 per month, including notes of Rs 2,000 denomination, Amazon said. The cash load at doorstep service by Amazon Pay is helping consumers convert high-value notes for digital transactions.
Markets close at all-time highs; Sensex climbs 195 pts (21-06-2023)
From the Sensex pack, Power Grid, HDFC Bank, HDFC, Tech Mahindra, Tata Consultancy Services, Wipro, Reliance Industries and Larsen and Toubro were the major gainers. Mahindra and Mahindra, ITC, IndusInd Bank, Axis Bank, Bajaj Finance and Maruti were among the laggards.
Modi’s US visit: India’s entry into mineral JV likely (21-06-2023)
Prime Minister Narendra Modi’s state visit to the US is expected to see discussion on India’s possible entry into a US-led global alliance on critical minerals, officials told Business Standard. In June last year, the US, the European Union, and other G7 partners launched the Minerals Security Partnership to ensure that China did not further strengthen its grip on supplies of critical minerals the world over. Various ministries, including the Ministry of Finance, have communicated to the Ministry of External Affairs to explore the possibility of India joining the partnership, officials said.
MRF hits Rs 100,000 mark; touches record high on BSE (21-06-2023)
Shares of MRF crossed a first time Rs 100,000 mark, hitting a record high of Rs 100,300, up 1.4 per cent on the BSE in intra-day trade. on June 13, 2023. The stock surpassed its previous high of Rs 99,879.65, touched May 8, 2023. Thus far in the current calendar year 2023 (CY23), MRF has outperformed the market by gaining 14 per cent on improved financial performance.
Modi, US intelligentsia discuss India’s growth story (21-06-2023)
Prime Minister Narendra Modi has met leading American economist Paul Romer, investor and co-founder of hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views with them and briefed them about the reform trajectory of his government to foster economic growth. Prime Minister Modi is in New York on the first leg of his maiden state visit to the US at the invitation of President Joe Biden. Modi and Romer held discussions on India’s digital journey, including the use of Aadhaar and innovative tools like Digilocker.
Tesla to make a significant investment in India: Musk (21-06-2023)
Tesla Inc, the world’s largest electric car producer, is looking to make a significant investment in India, said its chief Elon Musk, who saw India as holding more promise than any other large country around the globe. Musk, after meeting Prime Minister Narendra Modi, said he plans to visit India in 2024. “I am confident that Tesla will be in India and we will do so as soon as humanly possible,” Musk told reporters after the meeting.
$2.7-bn Micron’s chip plant seen to create 5,000 jobs (21-06-2023)
The government has cleared US-based chip maker Micron’s project to set up a semiconductor test and packaging unit worth USD 2.7 billion in the country, according to sources. The approved project is expected to create 5,000 jobs. “The project was cleared about a week back,” a source said, confirming details of the project.