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Musk plans to shift 1 mn people to Mars

Feb 11, 2024

New Delhi, Feb 11 (IANS) Billionaire Elon Musk on Sunday announced plans to shift one million people to Mars."We are mapping out a game plan to get a million people to Mars," Musk wrote in a post on X.com."Civilisation only passes the single-planet Great Filter when Mars can survive even if Earth supply ships stop coming," he added.He said this in…

Fashiontech startup Blissclub lays off nearly 18% workforce to cut costs: Report

Feb 10, 2024

New Delhi, Feb 10 (IANS) Direct-to-consumer (D2C) startup Blissclub has laid off nearly 21 employees, or 18 per cent of its workforce, to cut costs.However, the number of impacted employees at the fashion apparel startup could be as high as…

Business

Divi’s Lab posts 17% rise in Q3 net profit to Rs 358 crore

Feb 10, 2024

Mumbai, Feb 10 (IANS) Pharma major Divi's Laboratories on Saturday reported a 17 per cent increase in its consolidated net profit to Rs 358 crore for the October-December quarter of the current financial year compared to the corresponding…

Business

Microsoft ends week with $3.125 tn MCap, becomes most valuable company ever

Feb 10, 2024

New York, Feb 10 (IANS) Microsoft ended the week with a market capitalisation of $3.125 trillion, the highest for any company ever, Barron’s reported.The company’s market value topped the previous record set by Apple, which reached $3.09…

Business

Backward bending income curve to adjust work-life balance

Feb 10, 2024

New Delhi, Feb 10 (IANS) When Infosys co-founder NR Narayana Murthy advised Indian youth to work for 70-hours a week to boost the country's economy, there was a huge hue-and-cry and the working class reacted sharply, countering his…

Business

ESIC eases norms to extend medical cover to retired workers

Feb 10, 2024

New Delhi, Feb 10 (IANS) The Employees' State Insurance Corporation (ESIC) on Saturday approved a proposal to provide medical benefit to insured superannuating workers who were dropped from the ESI Scheme coverage after their wages exceeded…

Business

$300 bn electronics production in few years a realistic, achievable target: IT Minister

Feb 10, 2024

New Delhi, Feb 10 (IANS) India has embarked on the journey to reach $300 billion electronics production, including $100 billion in exports, in the coming few years which is a realistic and achievable target for the government, Union…

Business

EPFO raises interest rate on PF deposits to 8.25% for 2023-24

Feb 10, 2024

New Delhi, Feb 10 (IANS) The Central Board of Trustees of the Employees' Provident Fund Organisation (EPFO) has recommended an interest rate of 8.25 per cent on Provident Fund deposits for 2023-24. At present, the interest rate is 8.15…

Business

S&P 500 closes above key 5,000 level for first time as bullish sentiment spreads across Wall…

Feb 10, 2024

New York, Feb 10 (IANS) The S&P 500 closed above the 5,000 level on Friday for the first time as bullish sentiment spreads across Wall Street and investors cheered fresh data showing progress on inflation, media reported. The landmark…

Business

Sovereign Gold Bonds to be issued from Feb 12-16

Feb 10, 2024

New Delhi, Feb 10 (IANS) Finance Ministry on Friday said that the Sovereign Gold Bonds 2023-24 (Series IV) will be opened for subscription during February 12-16, with settlement date as February 21. The gold bonds will be issued by the RBI…

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