Economy of Maharashtra — 6 Interesting News (Daily)

Apr 25

AI could kill off most call centres, says Tata Consultancy Services head: Chatbots will soon take over much of the work of human agents, forecasts chief of ...

ft.com/content/149681f0-ea71-42b0-b85b-86073354fb73

Quick Glance: AI Revolutionizing Call Centers: TCS Insights

The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.

TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.

Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.

Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.

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Apr 25

Kotak Shares Tumble After Ban on Cards and New Online Clients: Kotak Mahindra Bank Ltd. shares tumbled after it was barred from adding new customers through its ...

bloomberg.com/news/articles/2024-04-25/kotak-shares-tumble-after-ban-on-cards-new-online-clients

Paid articlePaid

Quick Glance: RBI restricts Kotak Bank from online customer onboarding, issuing new credit cards

The RBI directed Kotak Mahindra Bank to halt onboarding new customers through online and mobile banking channels and suspend issuing new credit cards immediately.

Significant deficiencies and non-compliances in the bank's IT risk management and information security governance for 2022 and 2023 were highlighted by the RBI.

The bank was found to be materially deficient in operational resilience and was instructed to enhance its IT systems to protect customers and the financial ecosystem.

Historically, the RBI has enforced similar measures on other banks to ensure regulatory compliance, such as suspending customer onboarding and new credit card issuance.

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Apr 25

IndiGo Moves Into Longhaul Game With Airbus A350 Order: IndiGo plans to buy as many as 100 Airbus SE A350 widebody airliners, instantly transforming the Indian ...

bloomberg.com/news/articles/2024-04-25/india-s-indigo-moves-into-longhaul-game-with-airbus-a350-order

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Apr 24

#Maharashtra | The agency’s closure report, if accepted, will prevent the Enforcement Directorate from investigating the alleged scam. Read more: Mumbai Police give clean chit to Ajit Pawar, his wife, nephew in alleged money-laundering case

Quick Glance: Clearance for Ajit Pawar, Wife, Nephew in Money-Laundering Case Involving Maharashtra State Cooperative Bank

The Economic Offences Wing of the Mumbai Police has given a clean chit to Maharashtra Deputy Chief Minister Ajit Pawar, his wife Sunetra Pawar, and nephew Rohit Pawar in an alleged money-laundering scam related to the Maharashtra State Cooperative Bank, as reported by The Indian Express on Wednesday.

The agency relied on its evaluation of two transactions to affirm the absence of any criminal wrongdoing by the Pawars.

The case centers on accusations that officials at the Maharashtra State Cooperative Bank unlawfully extended loans to cooperative sugar factory owners, their relatives, or others without adhering to proper procedures.

Subsequently, the companies were reportedly sold at discounted prices to individuals associated with the bank's directors.

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Apr 25

Vodafone Idea Revival: Indian Government, Investors Save Billionaire Birla Firm: Three is not a crowd in telecom.

bloomberg.com/news/newsletters/2024-04-25/vodafone-idea-revival-indian-government-investors-save-billionaire-birla-firm

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Apr 25

India Extends Central Bank Deputy Governor Sankar’s Tenure: India has extended the tenure of T Rabi Sankar, a deputy governor at the country’s central bank ...

bloomberg.com/news/articles/2024-04-24/india-extends-central-bank-deputy-governor-sankar-s-tenor

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12h

Vodafone Idea closes 26% higher than listing price: The company's Rs 18,000-crore FPO, which is the largest-ever secondary share sale in India ...

financialexpress.com/market/ipo-news-vodafone-idea-closes-26-higher-than-listing-price-3468665/

Quick Glance: Vodafone’s Survival in India Secured by Record Fundraising

Vodafone's Indian business raised $2.2 billion through an equity issue to avoid collapsing under a debt burden.

Investors like GQG Partners and Fidelity participated in India's largest ever follow-on share sale.

The 2018 merger failed to turn the business around, but with government support and new equity, a potential rescue is on the horizon.

Despite planning to raise about Rs450 billion in equity and debt, doubts persist over whether this will be sufficient to secure the company's future.

2

20h

India's Tech Mahindra misses Q4 revenue estimates, unveils three-year turnaround plan

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6h

ICICI Bank to report Q4 results on April 27; here's what analysts expect: ICICI Bank Q4 results preview: Analysts said ICICI Bank's margin trajectory and outlook ...

business-standard.com/markets/news/icici-bank-to-report-q4-results-on-april-27-here-s-what-analysts-expect-124042600489_1.html

2

6h

India's Bajaj Finance falls on profit growth concerns: Shares of Bajaj Finance fell the most in 16 months on Friday after the Indian non-bank lender forecast ...

reuters.com/business/finance/indias-bajaj-finance-falls-profit-growth-concerns-2024-04-26/

3

7h

Indian IT firm Tech Mahindra's shares jump most in 8 years on turnaround plan: Tech Mahindra shares jumped 13.2% on Friday, their biggest intraday gain in nearly ...

reuters.com/technology/indian-it-firm-tech-mahindras-shares-jump-most-8-years-turnaround-plan-2024-04-26/

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Apr 23

Air India staff bids adieu to one of its last Boeing 747s from Mumbai: On Monday morning, Air India staff at the city airport waved goodbye to one of their last ...

business-standard.com/companies/news/air-india-staff-bids-adieu-to-one-of-its-last-boeing-747s-from-mumbai-124042201110_1.html

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Apr 22

RIL Q4FY24 preview: Top metrics that analysts will watch out for today: Reliance Industries Q4 result: As of 12:10 pm, the shares were trading 0 ...

business-standard.com/markets/news/ril-q4fy24-preview-top-metrics-that-analysts-will-watch-out-for-today-124042200336_1.html

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Apr 24

India VIX, HUL Q4, Axis Bank Q4: Factors that will guide Nifty on April 24: Stock market preview Wednesday, April 24: Global cues remain supportive; HUL ...

business-standard.com/markets/news/india-vix-hul-q4-axis-bank-q4-factors-that-will-guide-nifty-on-april-24-124042400079_1.html

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Apr 22

Mukesh Ambani’s Reliance Misses Profit Estimate on Petrochemicals Drag: Reliance Industries Ltd., led by billionaire Mukesh Ambani, posted a lower-than-expected ...

bloomberg.com/news/articles/2024-04-22/ambani-s-reliance-misses-profit-estimate-on-petrochemicals-drag

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Apr 25

Tech companies plug into India's smaller cities for talent: Indian engineer B. Ramachandran now prefers living in the smaller cities than the major tech hubs of ...

reuters.com/world/india/tech-companies-plug-into-indias-smaller-cities-talent-2024-04-25/

20

12h

Walmart's longest-serving director Rob Walton to retire from board: Walmart said on Thursday that Rob Walton, the longest serving member on its board and eldest ...

reuters.com/business/retail-consumer/walmart-ex-chairman-rob-walton-retire-board-2024-04-25/

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Apr 24

The burden of legacy: The response to its FPO is a huge vote of trust for Vi; govt should lend more support if the need arises.

financialexpress.com/opinion/the-burden-of-legacy/3466398/

3

23h

EOW's closure report on #MSCBank fraud case finds no cognizable offense, denies wrongdoing in selling sugar factory, and dismisses allegations against #Pawars ... Show more

Ajit Pawar, wife Sunetra, nephew Rohit get clean chits in MSC Bank fraud case | Mumbai news - Hindustan Times

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Apr 25

Meta shares plunge as prolonged AI spending plans unnerve investors: Meta Platforms' shares plunged 14% in premarket trading on Thursday as the social media ...

reuters.com/technology/meta-shares-plunge-16-frankfurt-after-ai-spending-revenue-forecast-2024-04-25/

Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell

Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.

Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.

Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.

Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.

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2h

India’s difficult business environment is improving : The changes are allowing Indian firms to become more dynamic

economist.com/special-report/2024/04/22/indias-difficult-business-environment-is-improving

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Apr 23

RIL Q4 results RIL reported a 1.8% YoY decline in its consolidated net profit for #Q4FY24 because of higher tax expenses. At Rs 18,951 cr, the net profit ... Show more

Reliance Q4 Results: Profit falls 1.8% to Rs 18,951 cr, Rs 10 dividend announced | Company Results - Business Standard

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Apr 23

Indian shares set to track global markets higher; Reliance, Adani in focus: Indian shares are set to open higher on Tuesday, tracking a rebound in global markets ...

reuters.com/world/india/indian-shares-set-track-global-markets-higher-reliance-adani-focus-2024-04-23/

Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations

World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.

Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.

As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.

While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.

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Apr 23

HDFC Bank will be happy to grow slow amid irrational competition, says CEO : As a token of appreciation for the hard work during the merger of HDFC Bank with ...

financialexpress.com/business/banking-finance-hdfc-bank-will-be-happy-to-grow-slow-amid-irrational-competition-says-ceonbspnbsp-3464130/

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Apr 24

India's Airtel in talks to buy Vodafone UK's stake in Indus Towers, ET reports: Bharti Airtel is in talks to buy UK-based Vodafone Group's 21.05% stake in Indus ...

reuters.com/business/media-telecom/indias-airtel-talks-buy-vodafones-stake-indus-towers-et-2024-04-24/

2 similar articles

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Khaleej Times Apr 24

Watch: Indian vendor who served tea to Bill Gates sips coffee at Dubai's Burj Khalifa - News | Khaleej Times

khaleejtimes.com/uae/watch-indian-vendor-who-served-tea-to-bill-gates-sips-coffee-at-dubais-burj-khalifa

Quick Glance: Dolly Chaiwalla sips coffee atop Burj Khalifa; internet reacts to viral footage

The new video of Dolly Chaiwalla, known for his unique way of making tea, comes after his viral video with Microsoft's Bill Gates earlier this year.

Sunil Patil, also known as 'Dolly Chaiwalla' from Nagpur, has once again captured the internet's attention with his latest video. He is seen sipping coffee at the peak of Dubai’s Burj Khalifa in the video, sparking a frenzy on social media with users expressing a mix of awe and amusement.

Some users joked about setting up a tea stall on top of the skyscraper, while others marveled at Patil's remarkable journey from a humble tea seller to a global sensation.

Patil's transition from selling tea on the streets of Nagpur to interacting with tech moguls and enjoying coffee at the peak of architectural wonders highlights the endless possibilities in today's interconnected world. Dolly Chaiwalla continues to surprise his audience, keeping them eagerly anticipating his next adventure.

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Apr 24

Ambani's JioCinema cuts subscription prices as India's streaming war heats up: JioCinema, the streaming platform run by India's Reliance Industries ...

reuters.com/business/media-telecom/ambanis-jiocinema-cuts-subscription-prices-indias-streaming-war-heats-up-2024-04-24/

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23h

India's FirstCry set to withdraw $500 mln IPO papers after regulatory scrutiny: Indian retailer FirstCry is set to withdraw its papers for an up to $500 million ...

reuters.com/world/india/indias-firstcry-set-withdraw-500-mln-ipo-papers-after-regulatory-scrutiny-2024-04-25/

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1h

India's foreign exchange reserves drop to six-week low: India's foreign exchange reserves fell for a second consecutive week and stood at a six-week low of $640 ...

reuters.com/world/india/indias-foreign-exchange-reserves-drop-six-week-low-2024-04-26/

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11h

Rupee to see muted reaction to US inflation flare-up: The Indian rupee is expected to open little changed on Friday, despite a pick-up in U.S ...

reuters.com/markets/currencies/rupee-see-muted-reaction-us-inflation-flare-up-2024-04-26/

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Apr 20

TCS, Infosys, Wipro see exit of 64,000 employees in FY24 amid low demand: India's largest IT services companies Tata Consultancy Services, Infosys and Wipro saw ...

business-standard.com/companies/news/tcs-infosys-wipro-see-exit-of-64-000-employees-in-fy24-amid-low-demand-124041901226_1.html

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Apr 24

Mega Airline Alliance: Air India enters into codeshare partnership with Japanese airline All Nippon Airways

financialexpress.com/business/airlines-aviation-mega-airline-alliance-air-india-enters-into-codeshare-partnership-with-japanese-airline-all-nippon-airways-3465452/

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Apr 24

Fund managers trim PSB exposure, see better value in private banks: MFs pull out Rs 2,500 crore in March from state-owned lenders; replough Rs 4 ...

business-standard.com/markets/news/fund-managers-trim-psb-exposure-see-better-value-in-private-banks-124042300986_1.html

3

Apr 22

Vodafone Idea fetches bids worth $10.6 bln in India's largest-ever follow-on share sale

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Apr 24

#MintLongStory | Adani Group's real estate arm, only 14 years old, is rapidly emerging as a significant player in India's thriving real estate sector ... Show more

From Shantigram to Dharavi: How the rise of Adani’s realty play threatens DLF | Mint

12

Apr 25

Axis Bank re-rating to continue on steady NIMs, cheap valuation: Analysts: Axis Bank stock price: Shares of Axis Bank surged 5.2 per cent to Rs 1 ...

business-standard.com/markets/news/axis-bank-stock-re-rating-to-continue-on-strong-deposits-margins-analysts-124042500258_1.html

1

Apr 22

India's Reliance Jio says Q4 profit rises 13.2%: India's Reliance Jio Infocomm, the telecom business of Reliance Industries , reported a 13 ...

reuters.com/world/india/indias-reliance-jio-says-q4-profit-rises-132-2024-04-22/

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Apr 25

Anant Ambani’s extravagant possessions: From a Rs 640 crore Palm Jumeirah villa to rare watches and luxury cars

financialexpress.com/lifestyle/anant-ambanis-extravagant-possessions-from-a-rs-640-crore-palm-jumeirah-villa-to-rare-watches-and-luxury-cars/3456815/

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Apr 24

Rupee likely to inch higher at open tracking Asian peers: The Indian rupee is likely to open slightly higher on Wednesday, aided by an uptick in its Asian peers ...

reuters.com/markets/currencies/rupee-likely-inch-higher-open-tracking-asian-peers-2024-04-24/

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Apr 24

Air India bids goodbye to one of its last Boeing 747s with a ‘wing wave’ – WATCH: A 'wing wave' maneuver marked the end of an era for Air India as the ...

financialexpress.com/business/airlines-aviation-air-india-bids-goodbye-to-one-of-its-last-boeing-747s-with-a-wing-wave-watch-3465759/

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Apr 22

Express bankruptcy: Full list of mall brand’s 95 stores marked for closure: The clothing retailer is shuttering stores in New York, California ...

fastcompany.com/91110749/express-files-for-bankruptcy-closes-95-store-locations-full-list

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Apr 22

Lupin rises over 3% after US FDA approves Mirabegron tablets: The surge came after the United States Food and Drug Administration (US FDA) on April 20 ...

business-standard.com/markets/news/lupin-rises-over-3-after-us-fda-approves-mirabegron-tablets-124042200154_1.html

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Apr 25

#TechMahindra announced its January-March quarter results for fiscal 2023-24 (Q4FY24) today, reporting a drop of 41% in its consolidated net profit at ₹661 crore ... Show more

Tech Mahindra Q4 Results: Net profit drops 41% YoY, dividend declared; 5 key highlights | Mint

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Apr 22

MUFG Said to Weigh Sweeter HDBF Offer as It Eyes Say in Strategy: Mitsubishi UFJ Financial Group Inc. is considering sweetening its $1.7 billion offer for a ...

bloomberg.com/news/articles/2024-04-22/mufg-said-to-weigh-sweeter-hdbf-offer-as-it-eyes-say-in-strategy

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Apr 22

Five-day week not there yet, but bank wage settlement has a lot for bankers: While the wait for a five-day week gets longer, the most interesting developments ...

business-standard.com/opinion/columns/things-we-may-not-know-about-bank-wage-settlement-124042100347_1.html

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Apr 23

Good morning! Take a look at today's Business Standard front page. Read the stories on

2

Apr 22

India's IndusInd Bank pilots cenbank's e-rupee payments program with farmers

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Apr 20

The #ElectoralBonds scheme was struck down by a five-judge bench of the SC on the grounds that it violated voters’ right to information and could lead to quid pro quo ... Show more

Will bring back electoral bonds after wider consultations, says Nirmala Sitharaman

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Apr 24

More trouble could be in store for the troubled U.S. Planemaker boeing. A union that represents employees says the company retaliated against two engineers ... Show more

1:41

Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries

Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.

The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.

Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.

Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.

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Apr 25

#StocksToWatch | Here are top stocks that could be in focus today! Read here: Stocks to watch: Axis Bank, Macrotech, LTIM, Nestle, Bajaj Finance, KMB | Mint

4

Apr 25

HDFC Bank, Grasim, ITC: Top stock holdings of FIIs, MFs in March 2024 qtr: The surge in indices came on the back of a robust economy, optimistic forecasts from ...

business-standard.com/markets/news/hdfc-bank-grasim-itc-top-stock-holdings-of-fiis-mfs-in-march-2024-qtr-124042500191_1.html

0 similar articles

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Secret Flying 20h

San Francisco to Mumbai, India for only $652 roundtrip: Cheap flights from San Francisco to Mumbai, India for only $652 roundtrip with Swiss International Air ...

secretflying.com/posts/san-francisco-to-mumbai-india-for-only-630-roundtrip/

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Apr 24

Investment idea: Motilal Oswal bullish on Sun Pharma; check outlook, upside: Sun Pharma, the brokerage said, is building an interesting specialty pipeline (under ...

business-standard.com/markets/news/investment-idea-motilal-oswal-bullish-on-sun-pharma-check-outlook-upside-124042400333_1.html

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22h

17,000 Credit Cards Mapped To Wrong Users, No Misuse Reported: ICICI Bank: ICICI, the second largest private sector lender, however, said that no instances of ...

ndtv.com/india-news/17-000-credit-cards-mapped-to-wrong-users-no-misuse-reported-icici-bank-5523334

2 similar articles

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Financialexpress

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Apr 18

Adani Family infuses additional Rs 8,339 crore in Ambuja Cements to increase stake to 70.3%, completes warrant subscription

financialexpress.com/business/industry-adani-family-infuses-additional-rs-8339-crore-in-ambuja-cements-to-increase-stake-to-70-3-completes-warrant-subscription-3460092/

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Apr 24

#MukeshAmbani , Chairman and MD of #Reliance Industries Limited, expressed his satisfaction with Reliance #Jio ’s success, which has now become the world's largest mobile ... Show more

Reliance Jio emerges as World's largest mobile operator in data traffic, surpassing China mobile - Hindustan Times

189

Apr 22

Stocks to Watch on April 22: RIL, HDFC Bank, Wipro, Tata Group, Laurus Labs: Stocks to Watch on Monday, April 22, 2024: Reliance Industries, Rallis India ...

business-standard.com/markets/news/stocks-to-watch-on-april-22-ril-hdfc-bank-wipro-tata-group-laurus-labs-124042200071_1.html

2

13h

Derivative strategy: Bull spread recommended on SBI for May series: Stock price has broken out on the daily chart with higher volumes to close at all time high ...

business-standard.com/markets/news/derivative-strategy-bull-spread-recommended-on-sbi-for-may-series-124042600066_1.html

0

Apr 23

From 2019 | In August 2008 Ratan Tata abandoned the idea of building this low-cost car in Singur, in West Bengal, when the peasants’ protest was backed by ... Show more

‘Business and Politics in India’: How Narendra Modi cut corners to bring industrialists to Gujarat

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8h

Margin worry for early birds: Among banks, HDFC Bank’s performance was fairly good even though growth may have slowed. Analysts were encouraged by the ...

financialexpress.com/business/industry-margin-worry-for-early-birds-3467552/

7

Apr 25

India's Axis Bank re-appoints Amitabh Chaudhry as MD, CEO: India's Axis Bank has re-appointed Amitabh Chaudhry as its chief executive officer and managing ...

reuters.com/business/finance/indias-axis-bank-re-appoints-amitabh-chaudhry-md-ceo-2024-04-25/

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Apr 16

In an interview with ANI, Narendra Modi said that the removal of the electoral bonds scheme has completely pushed the country towards black money ... Show more

‘Everyone will regret it’, says PM Narendra Modi on scrapping of electoral bonds scheme

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Apr 20

#WATCH | #Reliance Industries Chairman #MukeshAmbani and his son #AnantAmbani offered prayers at Siddhivinayak Temple, on the occasion of Mukesh Ambani's birthday

1:21

370

Apr 16

India's Jio Financial Services rises 5% after BlackRock wealth management JV

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Apr 18

#LokSabhaElection2024 The #Maharashtra deputy chief minister said that he will give funds for development projects as long as voters choose the ruling Mahayuti alliance in the ... Show more

We will grant funds if you choose ruling alliance in Lok Sabha elections: Ajit Pawar to voters

Quick Glance: Ajit Pawar Promises Voters Funds in Exchange for Support

Maharashtra Deputy Chief Minister Ajit Pawar pledges funds for development projects if voters choose the ruling Mahayuti alliance in the Lok Sabha elections.

The alliance includes Ajit Pawar's faction of the Nationalist Congress Party, the Bharatiya Janata Party, and Chief Minister Eknath Shinde's Shiv Sena group.

Pawar made these remarks during an event in the Baramati Lok Sabha constituency town of Indapur.

He urged voters to support the alliance's candidate to receive funds, sparking controversy with his statements on gender ratio and references to Draupadi.

42

Apr 23

#StocksToWatch | Here are top stocks that could be in focus today! Read here: Stocks to Watch: RIL, Adani Group, HDFC Bank, Tata Consumer, Mahindra Logistics | Mint

5

12h

Global markets, US yield, Q4 results to set Sensex, Nifty trend on April 26: Stock market preview Friday, April 26: Global cues mixed, but sharp rise in 10-yr US ...

business-standard.com/markets/news/global-markets-us-yield-q4-results-to-set-sensex-nifty-trend-on-april-26-124042600091_1.html

0

1h

India’s Growing Love of Girthy SUVs Extends to Electric Vehicles: More middle-class consumers are opting for roomier rides.

bloomberg.com/news/newsletters/2024-04-26/india-s-growing-love-of-girthy-suvs-extends-to-electric-vehicles

1

14h

L&T Tech reports growth in Q4; gaining market share in hi-tech, says CEO: Consolidated revenue increased by 4.4% quarter-over-quarter to Rs 2,537 ...

financialexpress.com/business/industry-lampt-tech-reports-growth-in-q4-gaining-market-share-in-hi-tech-says-ceo-3468771/

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Apr 19

India's Vodafone Idea receives bids for half of shares in FPO so far: Indian telecom operator Vodafone Idea fetched bids worth 67.90 billion rupees ($813 ...

reuters.com/business/media-telecom/indias-vodafone-idea-receives-bids-half-shares-fpo-so-far-2024-04-19/

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Apr 19

Air India Tel Aviv flights to remain suspended until April 30 amid growing tension between Iran and Israel | Mint

livemint.com/news/india/air-india-tel-aviv-flights-suspended-april-30-iran-israel-conflict-middle-east-crisis-11713519401143.html

Quick Glance: Air India Tel Aviv flights suspended until April 30 amid Middle East tensions

Air India announced that flights to Tel Aviv will remain suspended until April 30, 2024.

The airline is supporting passengers with confirmed bookings for travel to Tel Aviv during this period.

Air India also canceled flights from Dubai airport due to heavy downpours.

Airlines are opting for alternative flight paths to avoid Iranian airspace amidst rising tensions in the Middle East.

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Apr 25

Shipbuilding stocks on roll; Cochin, GRSE zoom upto 58% so far in Apr: Thus far in the month of April, these Shipbuilding stocks have zoomed up to 58 per cent

business-standard.com/markets/news/shipbuilding-stocks-on-roll-cochin-grse-zoom-upto-58-so-far-in-apr-124042500359_1.html

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Financialexpress

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Apr 25

Meet Dattaraj Salgaocar, lesser-known brother-in-law of Mukesh Ambani – He has worked with BCCI and is married to…

financialexpress.com/lifestyle/meet-dattaraj-salgaocar-lesser-known-brother-in-law-of-mukesh-ambani-he-has-worked-with-bcci-and-is-married-to/3456876/

4

23h

Meet Dilip Piramal, the lesser-known relative of Isha Ambani; Know about his Rs 6,368 crore business, lifestyle, and net worth

financialexpress.com/web-stories/lifestyle/meet-dilip-piramal-the-lesser-known-relative-of-isha-ambani-know-about-his-rs-6368-crore-business-lifestyle-and-net-worth/

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Apr 22

#MarketsWithMint | #Sensex up 470pts, #Nifty at 22,300; Broader market, PSU Bank, Cons., Pharma, Health lead gains Track all market updates here: Stock/Share Market Statistics LIVE, Todays Share Market Live Stats, Prices, Company Information, Global Markets

Quick Glance: Current Stock Market Trends: Dow, S&P Updates for April 24

Major tech giants experienced a downturn in late hours following disappointing forecasts from Meta Platforms Inc., raising concerns about the stock market's trajectory.

Before the results, the broader market struggled to gain momentum as traders prepared for economic data that will influence views on the Federal Reserve's next moves.

Investors withdrew around $200 million from value-based ETFs this month, while growth stocks attracted over $3 billion in inflows.

JPMorgan Chase & Co. is signaling a clear buy indication for US stocks after reaching a threshold that typically precedes above-average gains.

19 similar articles

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Reuters

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Apr 23

India's Tata Elxsi misses Q4 profit estimates as media vertical blips: Indian engineering and technology services firm Tata Elxsi reported a ...

reuters.com/technology/indias-tata-elxsi-misses-q4-profit-estimates-media-vertical-blips-2024-04-23/

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Apr 18

Vi to focus on 4G expansion, 5G rollout after FPO : Vodafone Idea (Vi) is planning to utilise the proceeds of its Rs 18,000 crore follow-on public offer (FPO) ...

financialexpress.com/business/industry/vi-to-focus-on-4g-expansion-5g-rollout-after-fponbsp/3458985/

Quick Glance: Vodafone Idea FPO: Review Dates, Price, Lot Size & Apply Online

Vodafone Idea Limited, established in 1995 and merged with Vodafone India in 2018, is the third largest telecommunications service provider in India and the sixth largest globally. The FPO will be used for acquiring equipment to expand the network, settling deferred amounts, and general corporate expenses.

Vodafone Idea Limited's FPO will commence on April 18, 2024, with a lot size of 1298 shares and an issue size of approximately ₹18,000 crore. The shares will be listed on the NSE and BSE.

Vodafone Idea's strengths include an extensive customer infrastructure, transitioning the 4G subscriber base to 5G, and strong promoter support. Risks include high capital expenditures, substantial indebtedness, and intense competition in the telecommunications sector.

Investors can pre-register for the FPO on April 18, 2024, block the investment amount, and then submit their application for the FPO. Share allocation typically occurs around 5-6 days after the FPO closes, with the listing date scheduled for April 25, 2024.

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Apr 23

Bade Miyan Chote Miyan and Maidaan box office collection day 11: Akshay Kumar, Ajay Devgn films amass over Rs 100 cr in losses, may end their run soon

indianexpress.com/article/entertainment/bollywood/bade-miyan-chote-miyan-and-maidaan-box-office-collection-day-11-akshay-kumar-ajay-devgn-films-amass-over-rs-100-cr-in-losses-may-end-their-run-soon-9283729/

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Apr 24

Stocks to Watch, April 24: Axis Bk, HUL, Tata Consumer, MCX, IIFL Finance: Stocks to Watch Today on Wednesday, April 24, 2024: Axis Bank, Hindustan Unilever ...

business-standard.com/markets/news/stocks-to-watch-april-24-axis-bk-hul-tata-consumer-mcx-iifl-finance-124042400091_1.html

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Apr 23

Paytm finishes merchant migration to new UPI ids: Here's how to activate it: Paytm is now enabled to offer UPI services through partners such as Axis Bank ...

business-standard.com/finance/personal-finance/paytm-finishes-merchant-migration-to-new-upi-ids-here-s-how-to-activate-it-124042300442_1.html

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